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Invitation Homes has agreed to pay $48 million to settle federal claims that the nation's biggest landlord for single-family homes deceived renters about lease fees and other costs, while unfairly ...
The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission that it reaped millions of dollars via deceptive ...
These mandatory fees, charged for internet packages, air-filter delivery and other services, were not disclosed in the monthly rental rates that Invitation Homes advertised, the FTC claims. All told, the company charged consumers tens of millions of dollars in junk fees as part of their monthly rental payments between 2021 and June 2023, the ...
The complaint filed by the FTC claims the company has taken several illegal actions, including misleading renters about lease costs, charging hidden fees, neglecting to inspect homes prior to move ...
On July 20, Invitation Homes responded with a motion that stated the class action group and its plaintiff had too little evidence. [9] Staff of Invitation Homes has responded to the criticisms, including chief operating officer Charles Young who in July 2018 stated the company had an average rating of 4.32 stars out of five from tenant surveys ...
Pretium planned to acquire these houses and rent them to families who had lost their homes or could no longer qualify for a mortgage. Pretium send confidential invitations to investors who could contribute $2 million. According to its solicitation documents in 2012, the plan was projected to have annualized returns of 15 to 20 percent.
According to John Burns Research & Consulting, only 0.4 percent of single-family homes in the United States are owned by institutional investors with over 1,000 homes in their portfolio. [12] This share rises to 3.8 percent of single-family homes for institutional investors owning over 100 homes, and up to 10 percent in certain metro areas such ...
One of the largest single-family-home rental companies will pay almost $20 million to resolve claims it systematically made renovations without permits in California.