“As a property manager, very few of us would be willing to actually raise rents double digits within a single month by doing it manually”
The FBI raided Cortland, a landlord with about 85,000 units, as part of a criminal antitrust probe into RealPage. Landlords feed RealPage their rents and occupancy and accept 80-90% of its price picks. Atlanta rents are up 80% since 2016 while vacancies rose. A RealPage executive admitted the software lets landlords do what they would never dare do by hand.