RealPage Offers its Revenue Management Software Customers the Ability to Remove Use of Nonpublic Data

Software’s configurability provides property managers the option to receive rent recommendations calculated using public data with or without blended nonpublic data RICHARDSON, Texas–(BUSINESS WIRE)–RealPage®, the leading global provider of AI-enabled software platforms to the real estate industry, today announced that its revenue management software customers have the ability to remove the use of nonpublic competitor data when calculating rent recommendations. RealPage’s response to the San Francisco ordinance The San Francisco Board of Supervisors on September 3 passed an ordinance that essentially bans housing providers in San Francisco from using certain software and algorithms to help set rents. Of note, RealPage’s three revenue management software products collectively serve only 10% of the rental housing units in San Francisco. RealPage offers a choice to its customers All RealPage revenue management customers – wherever their properties are located – have the ability to remove nonpublic data from the calculation of rent recommendations if they choose. RealPage’s revenue management software provides value to its customers in all of its configurations, and the company has no plans to sunset any of its solutions. While the use of nonpublic data in the highly aggregated, anonymized and blended manner currently applied by RealPage has benefits to subscribers and renters that lead to more competitive pricing in the housing ecosystem, RealPage is committed to giving customers options on which products to use. Housing affordability should be the real focus While RealPage shares the San Francisco Board of Supervisors’ goal of helping renters, this ordinance will do nothing to make housing more affordable in the city, where there is a severe supply shortage of rental units that needs to be addressed. The San Francisco ordinance’s misplaced focus on nonpublic information is a distraction that will only make…