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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

accusing them of violating antitrust laws. By outsourcing the management of rental pricing to RENTmaximiser, Yardi’s rent-setting tool, property management companies failed in complying with the antitrust laws, according to the lawsuit. Yardi marketed its tools to rental companies as a method to “beat the market” and maximize profits.

Landlords 392
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EasyKnock under fire for “deceptive” sale-leaseback practices in Massachusetts

Housing Wire

Campbell’s office claims that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents,” in violation of the state’s consumer protection law.

Tenants 292
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Zillow to list housing discrimination protections

Housing Wire

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

Landlords 457
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New suit alleges Yardi rent-setting software violates antitrust law

Inman

A lawsuit filed by a renter in Seattle accuses the property management software firm and major landlords of violating antitrust statutes through a product used to set rent rates.

Law 172
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Building a fairer financial future with rent payment reporting

Housing Wire

This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus. Rent payment reporting also has the important potential to level the playing field and address racial disparities in the housing market.

Tenants 390
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D.C. real estate firms fined $10M for discrimination

Housing Wire

When landlords break the law and refuse to accept vouchers, it’s reminiscent of Jim Crow-era housing discrimination policies intended to restrain opportunities for Black residents,” Racine said in a statement. We’re sending a message to all landlords: If you follow this playbook, you will face consequences.”.

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High Credit Borrowers Get Punished and New Landlord Laws Put Tenants First

BiggerPockets

Got a high credit score? Your mortgage could get more expensive. And no, this episode isn’t releasing on Opposite Day. New mortgage rules are incentivizing those with poor credit while […]

Tenants 75