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.
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.
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