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Public commentator urges local attention to RealPage pricing tools and BILT credit reporting risks
Summary
A resident warned the board about landlord software company RealPage's pricing tools and the BILT service's attempt to add rental payment history to credit reporting, suggesting local ordinances could be a remedy alongside federal and state litigation.
A public speaker identified in the record as C. Bracco told the board the Department of Justice filed a lawsuit last August against RealPage, a firm that provides dynamic pricing tools to multifamily managers, and that multiple states have joined related actions.
"Irvine controls 75 to 80% of the multifamily inventory and they can reprice multiple times a…
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