Corporate Landlords

This is pretty hairy

"Spiders, sewage and a flurry of fees – the other side of renting a house from Wall Street"

Invitation Homes, the largest landlord of single-family houses in the U.S., boasts of providing a uniquely “worry free” experience. Tenants don't always agree, and critics of big money's push into the business say complaints about skimpy upkeep and excessive fees show the company puts investors first.

David Trammel's picture

You see this alot now, people who couldn't make what they considered a decent return on their investments (5-8% a year) have been seeking other more unconvential options. One of those has been buying foreclosed properties and turning around to rent them. Most investors then use a management company to handle repairs and renter interaction. The management company's priority is to do as little as it takes to get the rent, meaning they scrimp on repairs and upkeep.

For green wizards going into this next step down in the Long Descent who rent, it might be time to see about finding apartments that are individually owned and managed, so that their landlord has a stake in the property too. The upside would be, you might be able to actually talk to your landlord about things like putting in a garden, or upgrading the insulation. I offered to chip in some money to get double pane windows in my duplex, and now my utility bills are much lower. Even something cheap as "You buy a bunch of rolls of insulation for the attic and I'll install them for you" can be worked out.