A rental property company with thousands of single-family homes across metro Atlanta has agreed to pay nearly $50 million to settle allegations of deceptive pricing practices.
Progress Residential, the nation’s largest property manager of single-family rental homes, is accused of advertising misleading rental prices, charging hidden fees and improperly deducting money from tenants’ security deposits.
The Federal Trade Commission (FTC) also alleges that the company misrepresented whether properties had been inspected before tenants moved in and restricted customers from posting negative reviews…