Coliving rental startup HubHaus implodes, says no funds to pay unsecured claims
missionlocal.org
missionlocal.org
Tough time to be a landlord in an already tenant-friendly state during an economic downturn.
That would seem to be criminally fraudulent behavior.
Also, the article mentions:
> That Sept. 23 letter also stated that tenants would not be responsible for paying October rent as their security deposits would be covering that. This posed a problem for anyone set to leave at the end of this month...
Not being able to return a tenant's security deposit could also be criminal behavior. Don't most states have laws saying that a security deposit is the tenant's money, and has to be kept in an escrow account with the tenant's name on it?
And:
> What’s more, HubHaus continued to bill tenants for services that were discontinued during the shelter-in-place, such as housecleaning.
More fraud.
The tenants might want to file complaints with the state Attorney General's office.
Addendum: I looked HubHaus up on Crunchbase[1] to find out who their VCs are:
Their Series A funding ($12M) came from a firm called "Social Capital", whose mission is "to advance humanity by solving the world’s hardest problems".[2]
Also interesting: HubHaus's web site is still up, offering rooms for rent.[3]
[1] https://www.crunchbase.com/organization/hubhaus
[2] https://www.crunchbase.com/funding_round/hubhaus-series-a--c...