TRICOR In the News

18 01, 2019

National Rental Home Council Members Offer Rent Deferrals, Waive Late Fees for Residents Impacted by Government Shutdown

2019-01-18T20:36:38+00:00

WASHINGTON, D.C. (January 10, 2019) — Many of the nation’s largest operators of single-family rental homes are working with their residents affected by the government shutdown to accommodate their needs, including deferring rent payments and waiving late fees.

“Going without a paycheck for nearly a month can be an incredibly stressful experience for American working families,” said NRHC President Kevin Baldridge, the President of Tricon American Homes. “We are deeply committed to helping all of our residents impacted by the government shutdown.”

American Homes 4 Rent, FirstKey Homes, Front Yard Residential, Invitation Homes, Progress Residential and Tricon American Homes have offered deferred rent payment options with no late fees to any renter who has been furloughed, and several of the companies’ residents have already taken advantage of the program. Residents apply for the deferral by showing verifiable proof of being furloughed. Additionally, Tricor Contracting’s service division is deferring service/maintenance costs for its customers, with proof of furlough.

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National Rental Home Council Members Offer Rent Deferrals, Waive Late Fees for Residents Impacted by Government Shutdown2019-01-18T20:36:38+00:00
4 01, 2019

Homebuilders See a Bright Spot in the Gloom—And It’s Rentals

2019-01-18T20:37:21+00:00

Todd Wood sold his commercial-baking business for $120 million and weighed plans to get into real estate — then decided that most existing business models were the equivalent of residential white bread.

Eventually, he hit on an appealing recipe. Instead of building homes for suburban buyers or apartment renters, he would develop communities with elements of both: detached rental homes with small footprints and high-end amenities, aimed at downsizing baby boomers and student-debt laden millennials.

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Homebuilders See a Bright Spot in the Gloom—And It’s Rentals2019-01-18T20:37:21+00:00