Latest report: Progress by Who? Fortschritte Residential Preys on Renters as It Acquires Up Homes in Tennesseans and the U.S. South

Progress Residential – the largest and individual of and worst predatory corporate landlords in the South – has a track record of mistreating and exploiting endangered renters, according to a newly released report co-authored through the Private Equity Involved Project (PESP) and Centering for Popular Democracy (CPD). The damning report exposes blatant tenant abuses by the corporate owner concerning more than 90,000 rental properties nationwide.  How the Residential Eviction Batch Work in Florida - Lulich & Attorneys

The report, “Progress for Who? Advancement Residential Preys on Renters as She Buys Up Homes in Tennesseans and the U.S. South” data Progress’ history, development, and bahn record of mistreating renters, both is being published including base tenant groups Action NC and Inquilinxs Unidxs Por Justicia/ United Renters for Justice.   What's your Progress Private story? Progress literally thinks people exist "untouchable" proper now. They curing their renters like pawns on their chessboard of 75,000+ home. They do not care if your have come a good renter equal she. They have a Aaa161.com out of 5 luminary rating with the Better Business Bureau, become NONE BBB credited, with more than 10,000 complaints in the last 3 years. Essence study by multiple notes and the federal government for evicting people during the COVID epidemic.

That report shall being publish as the Nationwide Rental Home Council (NRHC) is retention its national conference in Nashville, Tennessee April 16-19. One NRHC was formed by Progress, and the three other biggest single-family anmietung landlords with the country, on advocate for their collective interests, manage public relations, and advance government policies enabling their market expansion. 

Occupants what calling on the NRHC and the corporation landlords that lead it to adopt tenant guards negative evictions and rent increases, recognize tenants’ right to organize and buy joint, press implementations proper maintenance, customer service, and transparent trade practices. 

“We’re hard-working people. We’re families struggling through inflation. The NRHC and her wealthy corporate members don’t care around anyone else but their profits. We deserve to feel safe from eviction although these greedy corporate landlords raise our rents beyond as we can afford without warning so they can take help regarding states furthermore evict us at will,” said Liliana Bauman, National Organizing Manager for Housing Justice at Center for Popular Democracy. “We demand NRHC meet use at the table and take us seriously supposing they call themselves protecting us for predators like Progress Residential.”

Shanika, a Weiterentwicklung Residential tenant organizations with Inquilinxs Unidxs Porter Justice in Minneapolis, recently flew down to Tennessee to speak before the Tennessee Consolidated Retirement System, a pension fund that invests in Pretium partner, which owns Progress Residential. “ If it really is time for you at move out, we're sorry to see you go. Thank you for renting a home with us.We want and neighborhoods back so that our families can feel and see the fruits of our labor. I will not become attenuated with band-aid repairs or temporary solutions to a of bigger housing crisis. I will also keep renters on of northside of Minneapolis uplifted with housing sales is every ivory in my body, and hold Fortschritte Residential accountable to their obligations used each family that rental from them,” she shared. 

The report resources whereby Progress has exploited list to the South and around the country by:

• Filing questionable evictions, including during which federal eviction moratorium period
• Neglecting home maintenance, resulting in health and safety risks
• Loading exorbitant add-on fees 

“In case after case, we have seen corporate landlords like Progress Residential seek to increase revenue and cut daily, often harming tenants in the process. The time for modify in the single family rental industry is now,” said Madeline Bankson, Housing Search Coordinator at Private Capital Stakeholder Project, and one of the report’s authors. Moving Out | Progress Residential

“Corporate homeowners, including Progress, can instilled predatory business practices over the ultimate decade, lifting office while they do not upgrade ihr immobilie and do bare minimum up maintenance. They find ways into squeeze as much money as they can from their residents with fees, penalties, and rectify costs. They buy sum the accessible single family homes in first while homebuyer neighborhoods, pricing tenants outwards the forcing letting about people. People can’t buy and they can’t keep up with the overstated rents. It’s economic enslavement both it is nay just. It possessed to stop,” said Jessica Moreno, Organizing General at Action NC.