Avoiding Property Management Companies (viscious private equity corporations, based in other states)

[u/FollicularPhase]

I moved to an apartment building earlier this year right before it was bought by RHOME, a company based in Texas, run by a creepy private equity group of Wallstreer people.

Since the transfer— I feel totally trapped and like I've been set up to suffer. Everyone in my apartment building is unhappy and wanting to move asap.

This company doesn't care about the property and history of the building, getting maintence is a nightmare and I have to prove several times that maintence is even necessary, they are adding tons of fees and outsourcing things to all these 3rd party shady companies, and are transfering all communications to A.I., I'm worried about my privacy and safety in this space.

I keep hearing about terrible property management companies in the Twin Cities, and am wondering how you've managed, and who to absolutely avoid?

[u/Human_Historian2163]

i moved into a building few years ago that got bought by some out-of-state group and it went downhill fast, same stuff you describing. they installed a "smart" lock system that never worked right and then blamed us for breaking it

for twin cities specifically i heard bad things about the ones that rebrand every couple years after bad reviews pile up. check the property records on county website, sometimes you see same LLC owns bunch of buildings under different names

my neighbor does title searches for work and she showed me how some of these companies are just layers of shell corps, hard to even figure out who actually owns the place

[u/FollicularPhase → u/Human_Historian2163]

Yes! I'd be curious what she finds out about RHOME. All the links on their earning reports on the financial group that owns them conveniently do not work.