logo
Jersey City just banned landlords from using AI to sent rent — a first for the Garden State

Jersey City just banned landlords from using AI to sent rent — a first for the Garden State

New York Post23-05-2025

Jersey City landlords are going to have to set rent the old fashioned way.
The Jersey City Council voted unanimously on Wednesday to ban the use of AI-driven, rent-setting software by landlords.
The ordinance, introduced by Councilmember James Solomon, is the first of its kind in the Garden State.
Advertisement
5 Using AI-driven rent-setting software is officially a code violation in Jersey City.
Blacqbook – stock.adobe.com
5 Jersey City Councilmember James Solomon.
Jersey City
The amended ordinance makes a code violation out of use of tools from rental software firms like RealPage or Yardi Systems. Advocates of the ordinance claim these tools help landlords and property management companies to artificially inflate rents and constrain supply.
Advertisement
Solomon, in a statement provided to The Post, called the move a 'bold stand' against rent collusion.
'With the passage of this first-in-the-state legislation, we are putting corporate landlords on notice: if you're using software like RealPage to coordinate rent hikes, you're breaking the law — and now, tenants and the city have the tools to hold you accountable,' the statement said.
Enforcement of code violations includes the ability for residents to sue landlords or submit complaints to the city over the use of algorithmic rent-setting, according to Solomon.
Detractors of the new ordinance say the measure fails to address the root of the problem — a lack of new housing supply. Others argue that the language of the bill is overly broad and could lead to unnecessary penalization for property owners, Gothamist reported.
Advertisement
5 Jersey City and New York City share a beautiful river and a big housing problem.
Mariusz – stock.adobe.com
5 Jersey City is among the most expensive places to rent in the country.
James – stock.adobe.com
Jersey City has a documented affordability problem. Rent prices in the city have increased by 50% since 2015, according to a 2024 report by the nonprofit Regional Plan Association. The city was the country's third most expensive city to rent in April, according to Zumper, right after New York City and San Francisco.
Proponents of the new ordinance pin the problem, in part, on landlords' use of AI-driven tools to raise rents.
Advertisement
These tools, according to the bill, aggregate local prices, supply levels, occupancy rates and lease details. The information allows landlords to boost profits by selecting the most financially advantageous rental prices, lease terms or occupancy levels for their buildings.
A 2022 ProPublica investigation found evidence of faster price increases in cities where RealPage's YieldStar software was widely adopted by major property management firms.
5 RealPage and other companies like it have been the subject of multiple lawsuits in recent years over the uses of their software.
SOPA Images/LightRocket via Getty Images
The ordinance comes on the heels of a similar bill proposed in fall 2024, which is currently stalled in the state Legislature, Gothamist reported.
New Jersey Attorney General Matthew Platkin filed his own lawsuit in April against 10 of New Jersey's largest landlords and RealPage over the alleged use of software that forced 'tens of thousands' New Jersey residents to overpay for rent.
'The defendants in this case unlawfully lined their pockets at the expense of New Jersey renters who struggled to pay the increasingly unlivable price levels imposed by this cartel,' Platkin said in a press release.
RealPage and Yardi could not be reached for comment by press time.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

New AI minister says Canada won't ‘over-index' on AI regulation
New AI minister says Canada won't ‘over-index' on AI regulation

Hamilton Spectator

time7 hours ago

  • Hamilton Spectator

New AI minister says Canada won't ‘over-index' on AI regulation

OTTAWA - Canada's new minister of artificial intelligence said Tuesday he'll put less emphasis on AI regulation and more on finding ways to harness the technology's economic benefits. In his first speech since becoming Canada's first-ever AI minister, Evan Solomon said Canada will move away from 'over-indexing on warnings and regulation' to make sure the economy benefits from AI. His regulatory focus will be on data protection and privacy, he told the audience at an event in Ottawa Tuesday morning organized by the think tank Canada 2020. Solomon said regulation isn't about finding 'a saddle to throw on the bucking bronco called AI innovation. That's hard. But it is to make sure that the horse doesn't kick people in the face. And we need to protect people's data and their privacy.' The previous government introduced a privacy and AI regulation bill that targeted high-impact AI systems. It did not become law before the election was called. That bill is 'not gone, but we have to re-examine in this new environment where we're going to be on that,' Solomon said. He said constraints on AI have not worked at the international level. 'It's really hard. There's lots of leakages,' he said. 'The United States and China have no desire to buy into any constraint or regulation.' That doesn't mean regulation won't exist, he said, but it will have to be assembled in steps. Canada won't go it alone, Solomon added, because it's a 'waste of time.' Getting AI regulation right is critical to Canada's 'economic destiny,' he said. Soloman said that includes government investments in data centres and research, protecting Canadian intellectual property 'and, critically, cranking up our commercialization.' Solomon outlined four priorities for his ministry — scaling up Canada's AI industry, driving adoption and ensuring Canadians have trust in and sovereignty over the technology. He said that includes supporting Canadian AI companies like Cohere, which he said 'means using government as essentially an industrial policy to champion our champions.' While big companies are leading in using AI, small and medium enterprises are not, and the government needs to encourage them, Solomon said. This report by The Canadian Press was first published June 10, 2025.

New AI minister says Canada won't ‘over-index' on AI regulation
New AI minister says Canada won't ‘over-index' on AI regulation

Yahoo

time8 hours ago

  • Yahoo

New AI minister says Canada won't ‘over-index' on AI regulation

OTTAWA — Canada's new minister of artificial intelligence says he'll put less emphasis on AI regulation and more on finding ways to harness the technology's economic benefits. Evan Solomon says Canada will move away from "over-indexing on warnings and regulation" to make sure the economy benefits from AI. He says getting AI regulation right is critical to Canada's "economic destiny." In his first speech since becoming Canada's first-ever AI minister, Solomon outlined four priorities for his ministry. They include scaling up Canada's AI industry, driving adoption and ensuring Canadians have trust in and sovereignty over the technology. He says his focus with AI regulation will be on data protection and privacy. This report by The Canadian Press was first published June 10, 2025. Anja Karadeglija, The Canadian Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

RealPage Propels Multifamily Industry Forward with the Lumina AI Workforce at Apartmentalize 2025
RealPage Propels Multifamily Industry Forward with the Lumina AI Workforce at Apartmentalize 2025

Business Wire

time2 days ago

  • Business Wire

RealPage Propels Multifamily Industry Forward with the Lumina AI Workforce at Apartmentalize 2025

LAS VEGAS & RICHARDSON, Texas--(BUSINESS WIRE)--RealPage ®, a global leader in software and data analytics for the real estate industry, today unveiled the Lumina™ AI Workforce, the multifamily sector's first agentic AI platform. Advancing beyond traditional automation and chatbots, the Lumina AI Workforce replaces fragmented tools with a coordinated network of intelligent AI agents that work across leasing, operations, facilities, finance, and resident engagement. These agents collaborate autonomously while partnering with their human teams, handling routine tasks and surfacing real-time insights so staff can focus on higher-value work. The result is a fully reimagined operating model, where speed, intelligence, and service converge to transform the future of multifamily living. The Lumina AI Workforce is powered by the Lumina AI Data Platform, which provides the intelligence, context and orchestration layer that brings every agent and workflow together. Unlike point solutions, Lumina AI Agents are fully embedded into existing RealPage systems, creating a single, coordinated network that can operate deeper and broader across the property lifecycle. This allows agents to surface resident insights, anticipate needs, and determine the right time and channel to engage. The entire system is governed by a robust AI governance framework designed to ensure transparency, accountability and responsible AI use at every level of deployment. This platform offers a new blueprint for how the multifamily industry will harness the power of a hybrid workforce where AI agents handle repetitive, time-consuming tasks, enabling humans to focus on strategic decisions and high-value resident relationships. By working together, they amplify human potential, simplify daily operations and drive meaningful gains in efficiency, responsiveness, and NOI. Central to this vision is a groundbreaking collaboration with industry leader, OpenAI, aimed at accelerating development of advanced agentic AI capabilities tailored specifically for multifamily. At Apartmentalize 2025, powered by National Apartment Association (NAA), RealPage will preview the Lumina AI Workforce, showcasing how decades of applied AI experience are converging with cutting-edge advancements to shape the future of property performance. RealPage and OpenAI: Shaping the Future of Multifamily AI As part of RealPage's mission to drive the next era of innovation in multifamily, RealPage has entered into a strategic collaboration with OpenAI to power an advanced Agentic AI framework purpose-built for real estate operations. This collaboration combines early access to OpenAI's advancements in large language models (LLMs), reasoning, and multi-agent coordination with RealPage's deep domain expertise and decades of multifamily-focused AI innovation to power Lumina AI and transforms AI from a series of isolated tools into an interactive workforce that enhances human teams, elevates resident experiences, and delivers measurable NOI growth across the property lifecycle. 'This collaboration with OpenAI marks a defining moment for the future of multifamily,' said Dana Jones, RealPage CEO and President. 'We've laid the groundwork for AI in multifamily, and now we're entering a new era, one where intelligent agents work in harmony to transform how properties operate, how teams perform and how residents experience superior living.' "We're pleased to support efforts to bring agents to the real estate sector in collaboration with RealPage," said James Dyett, head of enterprise and strategic sales at OpenAI. RealPage is on Full Display at NAA RealPage will showcase its fully connected property management ecosystem, where AI, automation, and data come together to drive smarter operations and stronger performance across the property lifecycle. Attendees will be able to see how RealPage transforms operations from disconnected tasks into intelligent, integrated systems that drive portfolio-wide value for owners and operators. Integrated Front Office: See how Knock ® CRM, G5 ® Marketing, and AI Leasing Agents combine to create a seamless, AI-powered prospect-to-resident journey, boosting conversions, reducing workload, and elevating the renter experience. LOFT Resident Experience: Discover how LOFT™ creates a single, mobile-first hub for residents to manage leasing, payments, maintenance, and renewals, while loyalty rewards, flexible payments, and marketplace services drive satisfaction and retention. OneSite Unified Operations: Explore how OneSite ® automates leasing, maintenance, and financial workflows across properties, to simplify workflows and empower property teams. Connected Living, Utilities & Spend: Discover how Smart Building, Utility Management, and Source-to-Pay solutions extend platform intelligence into the physical environment - enhancing efficiency, driving cost control, and powering NOI growth. Portfolio Analytics & Insights: Learn how RealPage Business Intelligence delivers 360-degree insights, role-based dashboards, and performance benchmarks that inform decisions at every level, from on-site to executive. As part of RealPage's premier partner sponsorship, the company will also be introducing award-winning podcaster and author, Jay Shetty, best known for his On Purpose platforms at Wednesday's session. RealPage is also hosting the premier and closing party during NAA at Resorts World in The District. For more information on Lumina AI, visit About RealPage, Inc.: RealPage is the leading global provider of AI-enabled software platforms to the real estate industry. By using RealPage solutions for operational excellence in the front office and throughout property operations, many leading property owners, operators and investors gain transparency into asset performance with data insights, enhancing experiences with customized tools and improving efficiencies to generate incremental yield. In 2021, 2022, 2023 and 2024, RealPage was recognized as ENERGY STAR ® Partner of the Year for Sustained Excellence from the Environmental Protection Agency (EPA) and the U.S. Department of Energy. In 2024, RealPage was recognized as one of America's Best Employers by Forbes and America's Best Employers for Women by Forbes and one of America's Greatest Workplaces for Women by Newsweek. Founded in 1998 and headquartered in Richardson, Texas, RealPage joined the Thoma Bravo portfolio of market-leading enterprise software firms in 2021 to realize faster growth and innovation in serving more than 24 million rental units from offices in North America, Europe and Asia. RealPage has been certified as a Great Place to Work ™ in India, the Philippines, the UK and the U.S. For more information, visit RealPage.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store