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> I think the better implication is that the vast majority of apartment owners don't bother paying for pricing software. I don't think there's anything so far
by lcnPylGDnU4H9OF 2y ago
> I think the better implication is that the vast majority of apartment owners don't bother paying for pricing software.
I don't think there's anything so far to indicate this or that; there's still a reasonable possibility that 80% of the market is controlled by large property management businesses.
- legitster 2y agoThis is easy to look up. There are approx 300,000 property managers in the US. Assuming RealPage isn't lying about their number of active customers, they would only account for 16% of the industry. Obviously the numbers could be skewed wildly but it's still far from a monopoly.
- everforward 2y agoThe allegation would be that they have a monopoly over rental pricing, in which case the relevant metric is the percentage of rental pricing they control, not what percentage of landlords use RealPage. If Kroger, Walmart, and Safeway decided to collude, they’re probably less than a percent of grocery store brands. They are like 95% of the grocery supply, though.