Large real estate investment companies now own a substantial number of single-family homes in Atlanta and throughout Georgia, displacing private homeownership at a rapidly increasing rate. According to a 2023 Senate report, one of the largest investors, Main Street Renewal, LLC, owned 5,743 single-family homes in Metro Atlanta alone, a figure that has steadily increased. While there may be benefits to affordable rental housing, when massive companies like Main Street Renewal cut corners, fail to properly inspect or maintain properties, or allow dangerous conditions to cause harm to tenants, tenants who suffered losses have a right to demand financial accountability through lawsuits.
Main Street Renewal is a Texas-based company with growing real estate holdings throughout the Southeast and Midwest, mainly offering single-family rental homes. Despite the company’s glossy brochures and promises of prompt, free maintenance, nearly 2,000 Better Business Bureau (BBB) complaints were filed against Main Street Renewal by 2023. The BBB reports the pattern persists with complaints including the following:
In addition to these common complaints, Main Street Renewal lawsuits in Georgia and elsewhere are on the rise, including a lawsuit for financial losses and illnesses due to mold overgrowth in one Atlanta rental property, and a lawsuit by a family with an asthmatic child who suffered through a hot summer week with no power due to the company’s delay in repairing a breaker panel. Additional lawsuits have been filed due to unlivable conditions and premises liability injuries caused by neglected maintenance and repairs.
Property owners have a duty of reasonable care to those lawfully on their property. This duty of care is enhanced for commercial property owners such as landlords who rent property to tenants, including large real estate investment companies like Main Street Renewal that must ensure safe conditions on the thousands of properties they lease to tenants. The duty of care requires regular inspections, routine maintenance, and prompt repairs when needed. When a property owner breaches this duty of care, the result can be premises accidents such as the following:
These are some, but by no means all, of the common causes of injuries as well as property damage in premises liability cases in Georgia. In some cases, Main Street Renewal may be liable for damages when tenants suffer injuries on their property due to preventable hazards and lack of reasonable care.
If you or a loved one suffered an injury, illness, or property loss due to negligence on the part of Main Street Renewal in Georgia, you have the right to demand the financial accountability you deserve by filing a lawsuit against the company to recover losses such as property damage, medical expenses, lost wages, and compensation for pain and suffering.
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