"In reality, Equity Residential was an early champion of finding ways to squeeze more money from rentals."
"It started to feel like I was being pushed out of the community where I've lived for the past decade."
Marianne Napoles, a long-term tenant in a Chino Hills apartment, has experienced drastic increases in her rent and additional monthly fees from her landlord, Equity Residential. Over the past decade, her rent surged by 70%, while monthly fees, which started at $44, rose to $165. These fees, associated with essentials that were once covered, reflect a growing trend among corporate landlords to maximize revenue through hidden costs. This shift points to a broader industry practice that could further alienate renters as they face increased financial burdens.
Read at Business Insider
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