Attorneys General sue RealPage for driving up rent prices

A new lawsuit accuses a popular revenue management software of harming millions of renters. The DDepartment of JJustice and more than half a dozen attorneys general, including North CArolinas filed a lawsuit against RealPage, claiming that the company reduces competition and drives up prices.

Landlords use RealPAge up to Measuring device how much money they can collect for an apartment by using data from surrounding apartments. Attorneys general say this is part of a plan to limit competition and keep rental prices high.

The group of Attorneys General are accusatory The Rental management software company from This allows property managers to collude to charge tenants higher prices.

In a 115-page Lawsuit that AGs Let's say there are real plans with landlords to reduce competition in housing prices. TThe software company is accused of collecting private information from landlords about how much rent they charge their tenants. Landlords pay to access a price recommendation based on thet Data collected by other landlords.

“TThe problem we see is that the landlords have all the power and the tenants have to figure it out themselves, in a very dangerous way,” Jessica Morena, Community organizer at Action NC SUBSTFocus on tenant rights.

Moreno says she would like to see lawmakers prioritize policies to help renters.

“A Lawsuits will not save families today or tomorrow,” said Moreno.olivethis like Rent regulation, termination for good cause, RRight to advice, TThe measures we are promoting will have a truly positive impact on people’s lives.”

In response to the lawsuit RealPage has launched a new website that makes some data on apartment occupancy and rental price public available.

In a statement on his website, RealPAlter says housing affordability is driven by under supply of units.

Moreno believes there is a larger problem underlying the housing crisis.

“I have seen rent increases of more than 30%, sometimes even 100%, in some neighborhoods, just to force people out, that is greed,” said Moreno. “P“Putting profit before people is what is reflected in the community and in our politics.”

Action NC organized a public meeting on the topic of “Green social housing” on Thursday, 28 August^th at 7:30 p.m. at 3601 Central Avenue. The town hall meeting will bring together tenants, stakeholders and elected officials to discuss solutions to the ongoing housing crisis.