A Texas-based real estate software company has been accused of helping landlords across the nation to artificially raise their rents, thus eliminating competition and harming consumers, according to a federal lawsuit filed by the U.S. Department of Justice and eight U.S. states.
The company, RealPage, uses a subscription-based tool that allows landlords to price their multifamily rental housing units. The lawsuit alleges that the company illegally collects and shares pricing and supply information from competing landlords, according to an Aug. 23 press release by California Attorney General Rob Bonta. California is one of the states that has signed on to the suit.
