RealPage moves from the lease preparation to its collection

RealPage, the algorithm rental software, has it Plans announced To acquire LIVLE, a service that allows people to pay their monthly rent in installments.

Livble describes itself as a “flexible” solution to pay the rent. Tenants can divide the payments into up to four installments throughout the month. The service itself is considered to help the tenants “avoid late fees and credit card fees” as well as “building credit through rent”, but it receives $ 30 to $ 40 per loan. RealPage did not reveal the conditions of the deal.

Under the deal, RealPage will integrate LIVKE into its property management programs and will deal with “all groups”. Last year, the US Department of Justice and several states File a lawsuit against claims It monopolizes the market for commercial revenue management programs used to set the price of apartments. The lawsuit claims that RealPage used non -public rental prices from competing owners to inform its algorithm, which provides rental price recommendations for real estate owners.

In May, Sense. Elizabeth Warren, Bernie Sanders (D-VT), Amy Klopotsher (D-Mn), and others He asked RealPage either She had a “possible participation” in Republicans For the failure of Amnesty International now. They argued that RealPage has benefited from a 10 -year ban that prevents countries from organizing algorithms, As many local governments Actually cured laws regulating rental status programs.