There are websites used by many of the smaller landlords which “suggests” a price for each unit. The landlord stops thinking about a price on their own, takes the website suggestion, and that’s a type of price collusion. And there are large investors which own thousands of units in many buildings who apply the same price formula across them all. Both tend to greatly reduce the leverage a renter can have by shopping around multiple offers.
There are websites used by many of the smaller landlords which “suggests” a price for each unit. The landlord stops thinking about a price on their own, takes the website suggestion, and that’s a type of price collusion. And there are large investors which own thousands of units in many buildings who apply the same price formula across them all. Both tend to greatly reduce the leverage a renter can have by shopping around multiple offers.
Thanks!