RealPage, known for its rent-setting algorithmic software, is acquiring Livble, a company that offers tenants the option to pay rent in up to four installments monthly. Livble’s service aims to help renters avoid late and credit card fees, and build credit, charging $30 to $40 per loan. RealPage will incorporate Livble into its property management platform and take over all rent collections. This acquisition comes amid an ongoing antitrust lawsuit against RealPage by the U.S. Department of Justice and several states for allegedly monopolizing rental pricing software. Experts suggest that the acquisition might attract further scrutiny from the Justice Department due to potential competitive concerns. Additionally, U.S. senators have questioned RealPage’s role in a proposed, but now rescinded, AI moratorium that would have affected regulation on rent-setting algorithms.
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