Magic

[Long_shortguy]

Buy Puts on $INVH.
https://www.msn.com/en-us/money/realestate/at-invitation-homes-unpermitted-work-leaves-leaky-plumbing-faulty-repairs-renters-say/ar-AAZu4Ql


From Washington Post:
Top-quality homes,” it promises prospective renters, “maintained by top-level professionals.”

Yet some of the company’s homes have missed basic quality checks: Renovations at the company’s rapidly assembled collection of 80,000 homes often were made without building permits, according to a review of Invitation Homes properties in several states, a California lawsuit and a Washington Post analysis of building data in three cities.

Skipping building permits may have allowed the company to avoid costly delays and save millions in fees, according to estimates based on the number of company homes. But forgoing the permits, which are required by city codes to ensure quality and safety, has led to shoddy repairs and maintenance that puts tenants at risk, renters said.

“We’re paying $4,000 a month to live in hell,”