I’ve been getting email from them and my apartment complex. Flex is a new #payment options where they take your #rent and divide it over two to four payments. But of course flex has it own #fee.
So essentially Flex pays your rent with a fee and you pay flex back. Sounds good right.
But I did some digging because they are pushing this so hard.
Come to find out, Flex is horrible. It doesn’t tell you how much the fee is until you sign up. Once you sign up it’s damm near impossible to get out of it.
So let’s say you need to split September rent, but in October you are fine. You still have to go thru flex and pay the fee.
Then I found this article. Not only could the lady not get out of flex, she ended up owing them about 1k in fees.
That #article also states that Flex as a #business has 1 out of 5 stars on BBB. Their customer service is damm never nonexistent.
But I think we are missing a bigger issue. #Apartments are pushing flex because they know people can not afford the rent. And because people can’t afford the rent there are more #evictions and loss of payment. So instead of lowering the rent they push flex. They want it to seem like they are helping when they are not.
Most people get evicted and the apartment never get their money. 7 years later it falls off your credit report.
So to keep people in these buildings and to keep a steady income they offer some shit like flex.
It’s #predatory and will most likely leave a #tenant in worst standing than before.
Hundreds of tenants, struggling to afford skyrocketing rents, are refusing to pay their landlords at all. They call it a rent strike. The landlords say it’s illegal. An inside look at the frontier of a growing class war
A historic wave of tenant organizing is on the verge of winning renter protections that would be attached to federal loans—affecting 1 in 4 apartments. But Greystar, Blackstone, and AvalonBay are spending millions to block it....
Live in a large multi-story apartment. Leak in my bathroom ceiling for a few minutes nightly around 7-8pm. Shown maintenance video of the leak, but they haven't seen it firsthand because it occurs after their work hours. Maintenance tried running the shower and splashing water onto the wall for every apartment above mine and for the adjacent apartments above mine. They have not been able to find the source of the leak. Any ideas? #plumbing#help#tenant#apartment#leak#bathroom#plumber
Real Estate Not Releasing undisputed Bond over $1000 (www.reddit.com)
Brisbane landlords and realtors are the world's leading edge of landlord practice...
[Analysis] National Rent Control? It’s Closer Than You Think. (www.youtube.com)
A historic wave of tenant organizing is on the verge of winning renter protections that would be attached to federal loans—affecting 1 in 4 apartments. But Greystar, Blackstone, and AvalonBay are spending millions to block it....