RealPage has acquired Livble, allowing tenants to split their rent into up to four installments throughout the month. Livble markets itself as a solution to help tenants avoid late fees and build credit through rent payments, though it charges a fee of $30 to $40 per loan. The acquisition means RealPage will integrate Livble into its property management software and manage all collections. RealPage previously faced lawsuits over alleged market monopolization concerning its rent-setting algorithms and other regulatory scrutiny related to its practices.
Livble describes itself as a "flexible" rent payment solution. Renters can split payments into up to four installments throughout the month.
The service bills itself as helping tenants "avoid late fees and credit card fees" as well as "build credit through rent," but it charges $30 to $40 per loan.
RealPage will integrate Livble into its property management software and will handle "all collections."
Last year, the US Department of Justice and several states sued RealPage over claims that it monopolized the market for commercial revenue management software.
Collection
[
|
...
]