The Dark Side of Renting a House From Wall Street

These landlords have the morals of an alley cat.

Rigged Game

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.

By Michelle Conline and cross-posted from Reuters Investigates

The rental home seemed so beautiful when McKayla Ferreira first laid eyes on it. The roof had three gables, fruit trees grew in the backyard, and the front porch gleamed with a fresh coat of paint.

Then Ferreira moved in.

First, she noticed water leaking through the bathroom and kitchen ceilings. Then she found a furry black mold spreading across the walls and raw sewage sluicing through the crawl space. Worst, to her, were the black widow spiders swarming her kitchen cupboards and linen closets. “Those spiders were so big you could hear them,” Ferreira said. “They sounded like fingernails scraping a table.”

Ferreira called her landlord, Invitation Homes Inc, a creation of private equity giant Blackstone Group LP…

View original post 345 more words

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s