PriceLabs is a dynamic pricing company that integrates with LMPM. The integration is mostly done from the PriceLabs side, however there is a small portion done in LMPM.
Please note: you need a "base rate" in LMPM for PriceLabs to recognize the property for syncing from their end. You can put any rate into the property for this to work. See this guide for a refresher on how to add rates to a property.