The Department of Justice (DOJ) and eight state attorneys general on Aug. 23 charged real estate software company RealPage with helping conduct an illegal endeavor to drive up the price of rents in cities across the United States, using “algorithmic pricing software” to allow landlords to coordinate rather than compete to the detriment of renters.
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As a PW user from Realpage in Florida, we received an e-mail stating we were being transitioned to Buildium. What a coincidence.
RealPage acquired Buildium in December 2019. Another coincidence.
The DOJ’s lawsuit against RealPage could change the rental market.
If proven, it shows how tech companies might unfairly control rent prices and hurt competition, which is crucial for property management companies to watch.
visit: https://kmrealtygroup.net/property-management/