October 12, 2017
- Vision Property Management (Vision) can no longer operate in state of Wisconsin. Wisconsin’s Department of Justice sued the entity and all entities related to it for their misleading and deceptive practices. The entity allegedly marketed “uninhabitable properties” to Wisconsin consumers which violated Wisconsin’s “landlord-tenant and mortgage banking laws.” Vision’s current tenant practice mandates an upfront payment from consumers for any past due tax and code violations due upon the property. While their preclusion from market participation is temporary, tenants may terminate their agreements with the company without penalty.
- While the percentage of rent-burdened households decreased, a report released by the NYU Furman Center shows that the number of rent-burdened households has yet to return to its pre-recession low. Further, the report determined inflation played a significant role in the seemingly stagnant percentage of rent-burdened households. Industry experts believe many municipalities must determine various methods to revamp policy to create more incentives and means for affordable housing.