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RealPage Accused of Colluding With Landlords to Increase Rents — ProPublica

One suit filed Friday on behalf of two Seattle renters alleges a broad pattern of collusive behavior by RealPage and a group of 10 large property managers. It says that in addition to using RealPage software to inflate rents in downtown Seattle, property managers had employees call competitors regularly seeking detailed nonpublic information on what they were charging — which the employees would change their prices to match. The lawsuit quoted what it said was a former employee of Greystar, the country’s largest property management firm. “You’d call up the competition in the area,” the former employee said, according to the lawsuit. “Sometimes there’d be a list of 10 people to call. Sometimes just one. You’d ask what they are charging for their apartments. Then you’d literally change the prices right there on RealPage. Manually bump it up.

#housing #collusion - propublica.org

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