Nation's First Ban Against Rent-Setting Software in San Francisco

San Francisco is now the first city in the nation to ban rent-setting technology such as that offered by RealPage. City supervisors completely banned the sale and use of that software in a unanimous vote on July 30th. They say it has made the affordability crisis worse by raising apartment rents above competitive levels. RealPage says the city is not focusing on the real problem.

Hi, I'm Kathy Fettke and this is Real Estate News for Investors. For all you real estate investors out there, we are focusing on portfolio rebalancing this month with a series of free webinars. There's one on August 8th that will talk about cash-out refi's, HELOCs, and the 1031 exchange as ways to leverage your existing equity. We will have a Q&A so bring your questions, but you need to pre-register at newsforinvestors.com. If you're not a member, sign up for free, login, and go to the upcoming events tab.

REFERENCES:

1 - https://www.bisnow.com/san-francisco/news/multifamily/realpage-responds-to-san-francisco-law-banning-its-revenue-management-software-125330 2 - https://www.bisnow.com/national/news/multifamily/judge-allows-rent-fixing-lawsuits-against-realpage-more-than-20-big-multifamily-owners-to-proceed-120151 3 - https://www.politico.com/news/2024/07/12/justice-department-rental-market-collusion-lawsuit-00167838 4 - https://www.multifamilydive.com/news/civil-lawsuit-DOJ-realpage-rent-rpices-vacancies-antitrust/721511/

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