RealPage’s popular software was collecting nonpublic pricing information from multiple property managers and feeding it through a common algorithm, which then recommended an optimal rent level to those who used it — in violation of rules that prohibit such coordination, federal prosecutors alleged. They also accused the landlords of improperly communicating directly about their pricing through calls, emails and participation in “user group” forums hosted by RealPage.
The company pushes landlords to use an “auto-accept” feature on its software, authorities said, and makes it onerous for property managers to reject its suggestions.
Wonder how many of these units are managed by The Algorithm.