From SaaS to CaaS (Cartel as a Service):
Shelley Schmidig, a Modesto renter who represents the renters who paid allegedly artificially high rates, accuses RealPage of “cartelization,” stating that “since approximately 2016, this cartel has substantially increased rents (over and beyond what the fair market would support) and inflated profits for the apartment owners while positioning RealPage as the hub of the apartment leasing industry, an indispensable and necessary player in one of the largest industries in the country.”
The YieldStar software allegedly gathered data from landlords and recommended price adjustments based on that input, rather than responding to supply and demand.