Manufactured Home Community residents will be next. just as soon as the state eviction hold disappears. Rent increases have already stated, with one community being hit with an 8.5% rent increase!
The increase had nothing to do with property management, but everything to do with the amount of blood money the sociopathic investors will be able to brag about at the end of the year. My bet is that everytime they refinanced the property, to allow them to pocket millions of dollars, they cover the increase in the mortgage payment by raising the rents.
Storz was documented as refinancing our park for $15 million dollars, in spite of the fact that the company purchased it over 40 years ago. None of that money went back into the park. Meanwhile, the residents paid over $4.5 million dollars in rental fees every month. That $4.5 million dollars is taken from senior citizens on limited incomes.
Quotes from the article:
The tenant didn’t lose her job because of the virus’ economic fallout, but she’s in the age group most at risk for Covid-19, appearing to be older than 65. [Officer] Gant also couldn’t communicate with the woman, who speaks only Vietnamese. The landlord told Gant he had raised the rent and the tenant, living on a fixed social security income of $700 per month, refused to pay the $650 monthly rent.
The elderly woman sat on her dining room chair on the sidewalk outside in the triple-digit Houston heat, watching Francisco Munoz carry her belongings onto the street. Munoz was hired by the landlord to move the tenant’s belongings out of the apartment and openly wept as he worked.
“I have a family. I have a sister. I have my mom,” said Munoz, sobbing as the woman watched him move her furniture. “You never know. Today it’s her. Tomorrow it’s me.”
As Gant worked on his eight evictions, word came from the Harris County Constable’s office that judges had cleared a backlog of 200 evictions, just for Precinct 1. The county has eight precincts.CNN
Laid off and now evicted amid Covid-19, a Houston father contemplates homelessness in a pandemic