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Invitation Homes has agreed to pay $48 million to settle ... These fees — for things like smart home technology and utility management — at times raised the cost of rent by more than $1,700 a ...
The FTC reports these junk fees amounted to more than $1,700 a year for some tenants, which the agency alleges netted Invitation Homes tens of millions of dollars between 2021 and 2023.
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 ...
Invitation Homes Inc. is a public company traded on the New York Stock Exchange. It is headquartered in the Comerica Bank Tower in Dallas, Texas. [2] Dallas B. Tanner is chief executive officer. As of 2017, the company was reportedly the largest owner of single-family rental homes in the United States. [2]
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 business practices, including forcing tenants to pay undisclosed fees on top of their monthly rent.
It is stated to have a portfolio of 85,000 homes as of late 2022 making it the second largest owner of single-family rental homes in the United States behind Invitation Homes. [2] [3] The firm has attracted controversy for its strategy of buying up large number of homes then charging tenants with high rental fees while providing poor maintenance.
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.