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The U.S. Department of Justice on Friday sued a major real estate firm, alleging the company's algorithmic software enables landlords across the country to set rent at artificially high rates.
RealPage. RealPage, Inc. is an American property management software company, owned by the private equity firm Thoma Bravo, and known for its algorithmic rent setting, which is allegedly price fixing. Its services are used to manage more than 24 million housing units worldwide in multifamily, commercial, single-family, and vacation rentals.
Bracho is just one of many tenants who have faced spiking rents in recent years. By 2022, rents were high across the state of Florida and were rising at a fast level, with Miami seeing a 31% year ...
The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of ...
Rental Management Software Functionality. Rental management software should cover all aspects of a rental business in a systematic way including Financials (GL, AR and AP), Equipment Servicing, CRM and reporting functionality allowing rental businesses to achieve all their business analytics from within a single package.
This is a list of free and open-source software packages, computer software licensed under free software licenses and open-source licenses.Software that fits the Free Software Definition may be more appropriately called free software; the GNU project in particular objects to their works being referred to as open-source. [1]
The legal issues at play in these cases tie back to the Sherman Act of 1890, the backbone of U.S. antitrust law.And simply showing landlords used RealPage to raise prices isn’t enough for the ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [9])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
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