Rental giant Invitation Homes must pay $48M to settle FTC complaint [Yahoo! Finance]
Invitation Homes Inc. (INVH)
Last invitation homes inc. earnings: 2/18 04:15 pm
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Source: Yahoo! Finance
Invitation Homes hid fees for its rentals, making the actual costs as much as $1,700 higher per year, according to the federal complaint. A 2019 email from Invitation Homes' CEO called on the vice president responsible for overseeing the company's fee program to “juice this hog” by making a smart home fee mandatory for renters, said the FTC. Also, the rental firm's promise of 24/7 maintenance didn't happen, according to the complaint. The three-year federal investigation leading to the settlement found that many of the company's homes had big problems, including sewage backups and flooding. The FTC also found renters who moved out and were charged for normal wear and tear as well as damage that was there before they moved in. “Invitation Homes, the nation's largest single-family home landlord, preyed on tenants through a variety of unfair and deceptive tactics,” said FTC Chair Lina Khan. “No American should pay more for rent or be kicked out of their home because of illegal
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INVH
News
- America's Largest Landlord Of Single-Family Homes Invitation Homes Faces FTC Fines For Alleged Unfair, Deceptive Practices [Yahoo! Finance]Yahoo! Finance
- America's Largest Landlord Of Single-Family Homes Invitation Homes Faces FTC Fines For Alleged Unfair, Deceptive Practices [Yahoo! Finance]Yahoo! Finance
- America's largest owner of single-family rental homes agrees to pay $48m to settle claims it saddled tenants with hidden fees [Fortune]Fortune
- NTSB engineer to testify before Coast Guard in Titan submersible disaster hearing [Yahoo! Finance Canada]Yahoo! Finance Canada
- Why Invitation Homes Stock Sagged by Nearly 3% Today [Yahoo! Finance]Yahoo! Finance
INVH
Earnings
- 7/24/24 - Miss
INVH
Sec Filings
- 9/26/24 - Form 8-K
- 9/24/24 - Form 424B5
- 9/24/24 - Form 8-K
- INVH's page on the SEC website