Julia Conley is a staff writer for Common Dreams.
Three months after the Biden administration unveiled a nonbinding 'Blueprint for Renters Bill of Rights' that was applauded by corporate landlords for doing little to rein in unfair rent increases and evictions, a new report by government watchdog Accountable.US showed on Monday that those same property owners reaped enormous profits in 2022 as they demanded more of their tenants' incomes in rent and excessive fees.
' Part of the companies' financial windfall was driven not by rent increases but by fees the landlords have piled on top of rent, including late fees, and extra charges for 'smart locks,' pets, and using online systems to pay rent. 'Corporate landlords 'squeeze more revenues from portfolios' by charging a range of 'ancillary' fees, resulting in 'fee revenue vastly outpacing rental growth,'' said Accountable.US.
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