BOSTON—Apologizing to his tenant for circumstances that were beyond his control, local landlord Eddie Turley was reportedly forced Monday to raise the rent due to thinking of a bigger number. “You can re-sign your lease, but I have to raise it by $250 a month because I realized there was a bigger number your rent…
Fun fact, that’s probably due to all the landlords using realpage to “maximize return on investment”
Fun fact, the previous venture of the founder includes doing the same for airline tickets, until the FTC shut it down due to it being illegal collusion.
I genuinely didn’t know that, is there an article about the scumbag I can read?
https://arstechnica.com/information-technology/2022/10/rent-going-up-one-companys-algorithm-could-be-why/2/
I remember hearing about it on a podcast, but this article has a blurb about it.