All I do is tweet about institutional single family landlords.
Joined June 2021
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SFR REIT Blog retweeted
New York private equity firm Blackstone is buying a portfolio of nearly 6,000 older, low-cost apartments in San Diego for more than $1 billion — likely the largest real estate deal in the region's history. sandiegouniontribune.com/bus…
SFR REIT Blog retweeted
The American dream is for rent. A preview of my book Underwater, out Tuesday, about how Wall Street moved into the world's largest asset class and bastion of middle-class wealth: U.S. single-family homes. wsj.com/articles/b-wayne-hug… @WSJ
SFR REIT Blog retweeted
My latest story from Eviction Land.
Since the pandemic began, large U.S. corporate landlords have filed nearly 70,000 eviction cases in just 27 counties in seven states analyzed by the Private Equity Stakeholder Project. This is despite a CDC moratorium on evictions. @Reuters investigates reut.rs/2RXh9z8
SFR REIT Blog retweeted
One neighborhood feels blindsided. This is a fascinating debate that will only intensify as we see more Built to Rent Communities.
Growth of rental home communities leads to calls for stronger regulation newschannel5.com/news/newsch…
After one #blackrock tenant was evicted, she was billed "$12,768.82... including expenses typically shouldered by landlords [like] landscaping, a battery for the smoke detector, garden mulch, plumbing work, new window blinds, pressure washing and painting."
It's being noticed nationally now, but some areas have already been seeing intuitional investors like #blackrock crowd out families in the housing market. Nashville's Councilwoman @Stylesfor32 noticed! newschannel5.com/news/newsch…
Here's another: "The doorknobs were busted again. But this time Arianna Anderson’s son was trapped in the bathroom. Out of desperation, she called the fire department, which came and busted down the door, freeing her son." @Chuck99to1
yesmagazine.org/economy/2021…
Not just #blackrock. Front Yard Residential tenant says: "the online portal would crash when he tried to pay rent and he racked up 8% late fees. And even though he had set up the utilities in his own name... the landlord continued to charge him $25 service fees per utility."
Not just #blackrock. #Pretium is another single family corporate landlord--and this report says that they evict Black people at higher rates. npr.org/2021/06/03/100140441…
One #blackrock tenant’s home flooded six times, and Invitation Homes refused to pay to replace the carpet or put the family up in a hotel while the flooding was addressed nybooks.com/articles/2020/06…
If you rent a single family home, you might not even know if #blackrock is your landlord because corporate landlords bundle these homes in LLCs. You should know who owns your home!
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More opportunity to protect tenants from #blackrock and other corporate landlords!
AB1199: #Homes4Families
✅It’s about working families building generational wealth.
✅It’s about creating opportunities for first-time homebuyers.
✅ It’s about EQUITY and leveling the playing field for generations to come.
For good news (and inspiration, if you want to call your state rep about #blackrock buying up all of single family homes), @moms4housing and @NancySkinnerCA passed a law that allows real people to match winning foreclosure bids by corporate landlords! nbcbayarea.com/news/local/ma…
Given all the #blackrock interest, would be a good time to highlight the fact that @SenWarren and @repcleaver are trying to tackle the problem warren.senate.gov/newsroom/p….
The FTC and CFPB had to "remind" #blackrock's Invitation Homes and other institutional single family landlords like it that there was an eviction moratorium. cbsnews.com/news/eviction-la…
Not just #blackrock, though. "The top eviction filers this year are Progress Residential and Front Yard Residential, two single-family rental companies owned by private equity firm Pretium Partners, according to PESP."