The Department of Justice has filed a lawsuit against RealPage, alleging that its software is used by landlords to manipulate rental pricing in the Austin area. This practice allegedly led to unjustified rent increases, with one landlord reporting a 25% hike in just 11 months after using the system. The lawsuit now includes multiple real estate management companies accused of colluding and sharing private data to coordinate rent prices, impacting thousands of renters. Affected companies have denied wrongdoing, asserting the software enhances rental management rather than undermining competition.
One landlord quoted in the lawsuit said they began raising rents within a week of using the software and had increased rents 25 percent over 11 months.
The DOJ last week amended its legal filings to include six landlords and management companies federal lawyers say harmed renters by sharing private data and agreeing to set prices.
Collection
[
|
...
]