Latest news with #RealPage
Time Business News
5 days ago
- Business
- Time Business News
How BI Helps You Manage Property Performance in Real Time
Hi, I'm Leni, your AI business analyst built for real estate. Managing properties shouldn't feel like a guessing game. You need to know what's happening right now, not rely on outdated reports or gut feelings. That's where I come in. I give you real-time insights into your property performance, so you can make smart, confident decisions fast. With me, you stop chasing numbers and start leading with clarity. BI for asset managers turns property management from guesswork into knowledge—let's do it together. Guessing in property management costs you time and money. When you rely on gut feelings or outdated reports, you risk missing rent increases, ignoring maintenance needs, or overlooking tenant satisfaction. Many property managers waste hours juggling spreadsheets or waiting for slow reports. This leads to missed opportunities and reactive management. You deserve better clarity and faster answers. That's where I come in. I help you stop guessing and start knowing. Business Intelligence, or BI, means turning all your property data into clear, actionable insights. I connect directly to your property management software like Yardi or RealPage. This means no more switching between tabs or waiting for manual reports. I bring all your data into one place and show you key performance indicators (KPIs), trends, and team results in real time. BI for asset managers like you makes data easy to understand and use, so you can focus on growing your portfolio, not chasing numbers. I help you make decisions based on facts, not guesses. With Property Data Analytics, you can adjust rent prices by seeing current market trends, spot early signs of vacancy, and act before small issues become big problems. What's more, I send you alerts when something needs your attention, so you never miss a beat. This keeps you ahead of the game. I save you time by automating reports and tracking important metrics. Instead of spending hours crunching numbers, you get instant access to what matters most. I do the heavy lifting — gathering data, cleaning it, and organizing it — so you can focus on your business. This means fewer errors, faster workflows, and more time for strategic planning. Happy tenants stay longer and pay on time. With BI for asset managers, I help you respond quickly to maintenance requests and tenant concerns by showing you real-time data on service calls and resident feedback. You can spot trends and fix issues before they escalate. This keeps your properties full and your residents satisfied. I monitor your cash flow, budgets, and expenses in real time. If something looks off, I alert you immediately. This helps you avoid costly surprises and manage risks better. Plus, I help you identify cost-saving opportunities and improve your overall returns. You get a clear picture of your portfolio's financial health anytime you want. Here's how I work for you: I connect directly to your existing property management systems — no extra software needed. I pull data from multiple sources, clean it up, and organize it into one easy-to-understand dashboard. With Property Data Analytics, you see key metrics like occupancy rates, rent collection, maintenance status, and tenant satisfaction all in one place. I turn complex data into simple insights, so you get answers, not just numbers. First, connect me directly to your existing property management software. This lets me gather all your data without extra hassle. I take time to understand how you work and guide you through the setup to fit your unique processes. With BI for asset managers, the experience is tailored to deliver insights that match your specific goals and workflows. Once connected, you start getting real-time data and insights immediately—no delays, no waiting. Focus on one area first, like rent tracking or maintenance, to get comfortable with the system. As you grow confident, add more features and insights to cover your entire portfolio. I'm here to support you throughout, making sure you get the most value from your data. Stop guessing and start knowing. With BI for asset managers, I help you manage your property performance in real time with clear, actionable insights. You get faster decisions, better results, and less stress. Let me do the heavy lifting, so you can lead with confidence and grow your portfolio smarter. Ready to see the difference? Try Me Now. TIME BUSINESS NEWS
Geek Wire
24-06-2025
- Business
- Geek Wire
Seattle City Council approves ban on tech used by landlords to allegedly set higher rents
A Seattle apartment complex. (GeekWire File Photo / Nat Levy) The Seattle City Council today unanimously approved a bill banning the use of software that critics allege allows for collusion among landlords and drives up rental prices. Council Bill 121000, which now goes to Mayor Bruce Harrell for approval, prohibits tech companies from providing algorithm-driven, rental-cost services in the city; orders landlords not to use these services; and creates civil penalties for violations. The bill was proposed by Councilmember Cathy Moore and is based on a measure that was passed earlier this year by the Washington State Senate, but not the House. Before the vote, Moore said 'rent really is too darn high' in Seattle. 'This is one small way that we can contribute to making this a more diverse and equitable city,' she added. State and federal leaders have filed lawsuits to curb the use of the technology. Washington Attorney General Nick Brown filed a lawsuit in April against property management software company RealPage and nine Seattle-area landlords, accusing them of colluding to inflate rental costs. He alleged the plaintiffs are illegally engaging in 'price fixing.' The U.S. Department of Justice took a similar step in 2024. Seattle City Councilmembers praised the bill and called out Moore's efforts to address affordable housing during her roughly 18-months in office. She is resigning from the council on July 7, citing 'health and personal reasons.' Councilmember Rob Saka called the measure 'landmark legislation' and said Moore was a 'steadfast champion of renters rights.' Tuesday's City Council hearing did not include comments from RealPage. But Mike Semko, the Texas-based company's associate general counsel and vice president, testified in opposition to the state legislation in March. He said the company primarily uses publicly available data to generate rental rate suggestions, does not encourage landlords to keep properties off the market to create scarcity, and does not push managers to select higher rental rates. 'This is simply market research and analysis with a suggested price,' Semko said of RealPage's services, adding that the legislation 'essentially bans math.' The City Council was set to vote on the local bill last week, but members decided to delay the action. Carter Nelson, director of government affairs for the Washington Multi-Family Housing Association, raised concerns 'about the speed of this process and the lack of outreach to impacted stakeholders, including our industry.' She asked for more time to help refine the language in the proposed rule. Moore had urged the council to proceed to a vote, saying the policy 'was thoroughly vetted statewide' when lawmakers considered a similar measure in Olympia. On Tuesday she conceded the delay was the right move as the final legislation included multiple amendments that addressed four key issues: Provides outreach to landlords informing them of the rent algorithm ban. Clarifies that the measure does not apply to the prices set for short-term rentals such lodging offered by Airbnb or hotels. Makes clear that the rules do not extend to basic record-keeping software. Establishes penalties to provide a deterrent to the use of the algorithm software and enables renters to take legal action against landlords who violate the law. In April, RealPage filed a federal lawsuit against the city of Berkeley, Calif., which had recently passed an ordinance aimed at regulating algorithmic rental software. Almost three years ago, ProPublica published a report that found in Seattle's Belltown neighborhood, 70% of the apartments were being offered by 10 property managers who all used RealPage.
Yahoo
24-06-2025
- Business
- Yahoo
Bans on rent-pricing algorithms could backfire, lead to higher prices
Northwestern lawmakers are considering cracking down on rent-setting algorithms. (Getty Images) The Pacific Northwest boasts natural splendors and world-class companies from Amazon and Microsoft to Nike and Columbia Sportswear. But a severe problem undercuts the region's momentum: a deeply undersupplied housing market. Oregon and Washington need a combined 1.6 million new housing units to keep up with demand. Driven by the housing shortage, home ownership is out of reach for 80% of Washington families. One-third of the state's residents listed housing affordability as the top legislative priority. In Oregon, the number of households has outpaced the number of new housing units in six of the last seven years. Oregonians now pay on average more than 40% of their income in mortgage payments, up from 28% in 2017. The numbers speak for themselves: The parts of the U.S. that expanded housing supply the most are now seeing home prices fall. As Derek Thompson, co-author with New York Times columnist Ezra Klein of the much-discussed book Abundance, recently noted, rents skyrocketed in Austin, Texas, during COVID. The city responded by expanding its housing inventory by more than any city in the county. The result: Rents in Austin dropped by 7%. Unfortunately, rather than reducing red tape, policymakers too often shoot the messenger whenever housing demand pushes prices higher. Recently, lawmakers in Portland, Olympia and Salem have advanced proposals to ban property managers from using rent-pricing algorithms as a part of their efforts to attract new residents. The efforts have put a company known as RealPage under the microscope. Critics are claiming that the business is engaging in price-fixing without understanding what its analytical tools do. But data is critical for the housing market to be responsive to shifts in demand for the types and locations of places to live. More information helps suppliers and consumers. RealPage supports property managers with accurate pricing for the market to help diffuse underpricing that could risk narrow profit margins over the long haul. The pricing data also helps root out overpricing that leads to vacancies. In the end, it's a resource. Individual property managers know their own offerings best and pricing software does not replace human decision-making. Users overrule RealPage's recommendations in more than half of all instances. The anti-algorithm proposals also raise significant questions for the Pacific Northwest's economy. The region is uniquely resilient thanks to its tech and manufacturing sectors. These industries will be under massive threat if lawmakers impede efficiency-driving systems and market analysis tools. Using sophisticated algorithms, Amazon adjusts prices on products sold on its site 2.5 million times per day. Supporting robust competition means encouraging new players with support systems that allow them to break through in what are often static consumer spaces. The urge to regulate first and ask questions later also dampens the housing market. In Washington, for example, state leaders have put climate initiatives at the top of the pecking order through a rule requiring all new homes and apartments to be built with electric heat pump systems, which would drive up the cost of building new homes and require builders to purchase new systems that have been scarce. Voters reacted by blocking the measure, but local officials are dragging their feet on following through on the initiative. As Abundance authors Thompson and Klein point out, housing is an area where the best of intentions can lead to the worst of outcomes. Over-regulation made it virtually impossible to build more housing in San Francisco and New York. Overall, construction market experts have estimated that onerous rules imposed at the federal, state and local levels account for $93,870 of the sales price of a new single-family home. Oregon is on the precipice of potentially authorizing state-owned land for housing development ventures – and federal land access can also help erode the housing crisis. But this is just one step of many at the state level that will be greatly needed to improve housing supply. Software bans keep consumers in the dark about market opportunities and put zero shovels in the ground. A smarter regulatory framework that leads to more homes, not more lawsuits, is the relief that aspiring homeowners in the Pacific Northwest need today. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
13-06-2025
- Business
- Yahoo
RealPage Is Under Fire For Its Rent Algorithm — But A GOP Tax Plan Could Protect The Company From Lawsuits And Local Bans
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. RealPage, the Texas-based software company embroiled in a firestorm of controversy and legal struggles due to its algorithmic rental price setting, may have found an escape in its fight against state and local governments. The company has the latest GOP tax bill to thank for its possible lifeline. The bill, which passed the House on May 22, would hinder local and statewide efforts to ban algorithmic price-setting software, including RealPage and Yardi Systems, due to a provision that allows artificial intelligence-based decisions to prevail for 10 years. However, the bill would not prevent the civil lawsuit against RealPage brought by the Department of Justice from continuing. Don't Miss: Invest Where It Hurts — And Help Millions Heal: If there was a new fund backed by Jeff Bezos offering a ? Several U.S. cities, including San Francisco, Philadelphia, Providence, Rhode Island, and most recently, Jersey City, New Jersey, have implemented bans on the software, with several other cities on the verge of doing so, the Journal reports. The cities allege that RealPage and others help landlords engage in illegal collusion to ensure rental prices continue to rise by collecting and analyzing confidential data and using it against residents. Should the bill pass Congress, all that could change. "We would no longer be able to enforce this ban," Providence City Council President Rachel Miller told the Journal. Local governments would not take the new law lying down should it pass. Suing the federal government as a first retaliatory measure, Miller told the Journal. Secondly, they would lean on tenant-protection laws. "Rent control—that would be the biggest tool if folks are using algorithms to jack up rents," Jersey City Councilman James Solomon, who was recently successful in banning RealPage in his city, told the Journal. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — RealPage is fighting back against the bans, suing Berkeley, California, over its ban. Meanwhile, landlord advocacy trade groups, such as the National Multifamily Housing Council, have intensified their lobbying efforts, arguing that the housing shortage, rather than algorithmic pricing, is the primary reason for rent increases. It has also reiterated RealPage's defense that landlords can refuse to follow RealPage's recommendations and set their own rental prices, and that large landlords do not contribute to the majority of rental units in the U.S. Rather, mom-and-pop landlords who do not use RealPage offer the majority of rentals. However, NMHC staff and others contributed suggestions to a House Financial Services Committee that shaped the current AI component in the GOP tax bill, according to The Wall Street Journal. "At a time when housing providers face increasing pressure to meet booming demand, tax policy should not stand in the way. Indeed, tax policy should lead the way," NMHC President Sharon Wilson Géno said in a letter of support sent to the chairman of the panel that added the provision to the new tax bill, the Journal has already suffered a reputation loss and the loss of potential business from landlords who have backed away from using it after the Atlanta offices of multifamily company Cortland were raided by the FBI last year as part of the DOJ investigation. Cortland ended up settling with North Carolina Attorney General Jeff Jackson, the only management company to have done so. "Everybody that I know has stopped using RealPage just out of sheer terror," Tony Julianelle, chief executive at real-estate brokerage Atlas Real Estate, told the Journal. RealPage has a lot to lose — $73 billion, according to the Journal, should it be unsuccessful in the lawsuits it is facing. Additionally, it would face significant restrictions on how its revenue management software is used. However, Congress could change the narrative should it diminish the influence of local and state lawmakers in their fight against RealPage, taking the wind out of the sails of the larger opposition. "It's not a get-out-of-jail-free card," Kevin Weller, a New Jersey tenant who filed one of the largest class-action lawsuits against RealPage, told the Journal "But it could muddy the waters." . With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio. In October 2024, Arrived sold The Centennial, achieving a total return of 34.7% (11.2% average annual returns) for investors. Arrived aims to continue delivering similar value across our portfolio through careful market selection, attentive property management, and thoughtful timing in sales. Looking for fractional real estate investment opportunities? The features the latest offerings. Image: Shutterstock This article RealPage Is Under Fire For Its Rent Algorithm — But A GOP Tax Plan Could Protect The Company From Lawsuits And Local Bans originally appeared on
Geek Wire
11-06-2025
- Business
- Geek Wire
Seattle City Council considers ban on tech that landlords use to allegedly set higher rents
The Seattle City Council today is considering legislation to stop the use of software that allegedly allows for collusion among landlords and drives up rental prices. Washington Attorney General Nick Brown filed a lawsuit in April against property management software company RealPage and nine Seattle-area landlords, accusing them of colluding to inflate rental costs. The Seattle measure, Council Bill 121000, would ban tech companies from providing algorithm-driven, rental cost services; prohibit landlords from using these services; and create civil penalties for violations. Washington lawmakers failed to pass a similar measure in the most recent legislative session. Mike Semko of RealPage testified against the state legislation, saying the technology 'is simply market research and analysis with a suggested price.' An earlier ProPublica report that found in Seattle's Belltown neighborhood, 70% of the apartments were handled by 10 property managers who all used RealPage.
