The software company has pushed back hard against claims that its algorithms helped make rent in the US too damn high. Property owners and managers aren't entirely convinced.
RealPage says it isn’t doing anything wrong by suggesting to landlords how much rent they could charge. In a move to reclaim its own narrative, the property management software company published a microsite and a digital booklet it’s calling “The Real Story,” as it faces multiple lawsuits and a reported federal criminal probe related to allegations of rental price fixing.
” The state of Arizona sued RealPage and nine landlords in February, claiming a conspiracy between the company and landlords led renters in Phoenix and Tucson to pay “millions of dollars” more in rent. That followed a similar lawsuit out of Washington, DC. In the capital’s greater metropolitan area, more than 90 percent of rental units in large apartment buildings were priced using RealPage software, according to DC’s attorney general.
Regulation Algorithms Tech Policy And Law
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Francisco supervisors consider banning RealPage software for setting rentsAt its meeting on Tuesday, the San Francisco Board of Supervisors were considering a new ordinance to ban an industry algorithm that some say is artificially causing apartment rental rates to skyrocket.
Read more »
Southwest Airlines says a key measure of pricing power will be weaker than expected in 2QSouthwest Airlines says a key revenue ratio will be weaker than expected in the second quarter because of changes in how consumers book travel. That's not good news for Southwest, which is already under pressure from a hedge fund to make big changes, including getting rid of the CEO.
Read more »
Southwest Airlines says a key measure of pricing power will be weaker than expected in 2QSouthwest Airlines says a key revenue ratio will be weaker than expected in the second quarter because of changes in how consumers book travel.
Read more »
Southwest Airlines says a key measure of pricing power will be weaker than expected in 2QSouthwest Airlines says a key revenue ratio will be weaker than expected in the second quarter because of changes in how consumers book travel.
Read more »
Southwest Airlines says a key measure of pricing power will be weaker than expected in 2QSouthwest Airlines, already under pressure from a hedge fund for disappointing financial results, said Wednesday that a key revenue ratio will be weaker than…
Read more »
Southwest Airlines says a key measure of pricing power will be weaker than expected in 2QLevi G. McCathern spoke to media after the judge's decision to clear all civil claims against the quarterback on Wednesday.
Read more »