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Updated about 6 years ago on . Most recent reply

User Stats

707
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Jason Merchey
  • Investor
  • Hendersonville, NC
269
Votes |
707
Posts

Rapacious Institutional Investors??

Jason Merchey
  • Investor
  • Hendersonville, NC
Posted

From The Atlantic:

"After the foreclosure crisis of a decade ago, American homes were left empty and buyer-less. In that absence, big private investment firms scooped up nearly 200,000 homes under the premise that, as landlords, they could streamline an often shoddy renting process. But, for many of the renters who had thought they had struck gold with lovely homes and lush yards, things didn’t pan out that way. Tenants conveyed stories of rapacious corporate landlords who fleeced them at every turn, from not returning security deposits to forestalling and skirting necessary repairs. One family finally moved out after a series of flooding incidents left them with health problems and a decaying house."

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