ravenflavin77 t1_itpzvyr wrote on October 25, 2022 at 1:45 PM

Private equity firms buying up rental properties has done more to drive up rents in the US than any other factor. I worked at a property that was privately owned. They sold out to a private equity firm which immediately raised all our rents $150. Every year after that residents could expect a rent increase of 10-30%. I no longer work there but I hate to see what they've done rent wise since the pandemic.

InferiousX t1_itqrxbo wrote on October 25, 2022 at 4:53 PM

My last house I rented was in Nevada and owned by some LLC registered in Delaware.

Shit was going up like 200-250 a year. Nonsense.

InsuranceToTheRescue t1_itqxr6c wrote on October 25, 2022 at 5:30 PM

Well, registering in Delaware is a little different of a tactic. A lot of companies do it to avoid taxes.

InferiousX t1_itr1maj wrote on October 25, 2022 at 5:55 PM

I get it but the point is that it's not like "oh i can call the landlord for XYZ".

I have to go through a dysfunctional property management company that returns 1/3rd of their phone calls and emails and they in turn go to another corp. It's a bunch of layers between the renter and owner that wasn't nearly as common 10-15 years ago.