Finally, at the end of the summer, Berrada agreed to an eviction hiatus. Immediately after, the citys eviction rate dropped by a breathtaking 36%. Have questions? The properties have an assessed value of$137.6 million, according to city records. I wont lie to you and say my fear aint there still. That was one of a dozen days last year whenBerradacompanies filed at least 40 evictions. Im like, oh my god, there are so many people. Toliver said he urged other residents who were voicing similar complaints to stop paying rent and complain to the city. It wasnt always so hard to keep the roof over your head in America-in part because corporations didnt used to own so many peoples homes. The agency even placed a staffer in a Berrada Properties office to help tenants apply for rent assistance that is paid to the landlord. . do plants convert energy into matter; frank anselem high school; organic grass-fed milk near me; Some of Berrada's tactics are raising red flags with advocacy groups and attorneys who work with low-income renters. One of his tenants, Ernestine Young, told the paper that after a Berrada company purchased her building, workers cleared out her storage area without telling her. She was trapped in her apartment and had to call the fire department to unscrew her door. Eviction is not, and has never been, BPMs first response to a tenant who is not paying rent. Milwaukee landlord Youssef Berrada and his firm charged with 15 violations of state law. Research by the Private Equity Stakeholders Project (PESP), a research and advocacy organization, has tracked nearly 50,000 evictions by corporate landlords in select counties in six states since the beginning of September, and found that corporate landlords are responsible for the majority, and sometimes overwhelming majority, of evictions in some counties. He is now working on forthcoming projects. The rest were forced to eject their habitat due to unresponsiveness. He said tenants currently owe him about $5 million cumulatively. "It's a terrible abuse. A few monthsafter Ernestine Young returned home from a hospital stay last year, she found herself on the basementstairs of her apartment building sobbing. The name Yousef is primarily a male name of Arabic origin that means God Will Increase. Post author: Post published: Julho 8, 2022; Family owned and operated, Berrada Properties, has more than 20 years of property management experience. Berradatold the aldermenthere wereonly about 30 vacancies in the 8,000 rental units nationwide his operation owned. The state lawsuitseeksinjunctive relief asking that Berrada "come into compliance with the law" as well as restitution and civil forfeitures. 1 . What happened in Milwaukee last summer exposes an overlooked, but driving force of the evictions crisis: corporate landlords are becoming an increasingly dominant player in the U.S. rental market, and they are more likely to throw their tenants out onto the street. Mohammed Berrada's Net Worth: $1-5 Million. Yosef. His18-room Mequon home sitson a 5.5-acre estate and is listed on state records as the principal office of his Berrada Properties Management Inc. Youssef Kerkour is 43 years old (in 2021). When there was some mold in the ceiling workers simply painted it over basically guaranteeing the mold would return. By Bo Emerson, The Atlanta Journal-Constitution. RELATED:We can solve Milwaukee's noncompetitive housing market for the poor. Landlord Berrada defends evictions record. Its just a wild historical aberration Weve never seen anything like it before, says Peter Hepburn, an Association Professional Specialist at the Eviction Lab. Ventron Management, for example, received $3.5 million in government funds and has filed 1,017 evictions. At least $250,000 must be "new funds" which means not on deposit at DMB Community Bank within the last 30 days. I was very surprised. "Thats a pretty disproportionate amount," Dunn said. "I don't even know how he does it and I was married to him," said Vikki Bearden-Berrada,who court records show was married toBerradafrom 1991 to 2003 and lived with himfrom2009 to 2017. Berradaoperations generally make repairs that are ordered by the city in a timely manner. It impacts what you rent and what rent you can charge because the choice is limited," says Spivak. Taking into account various assets, Youssef's net worth is greater than $250,000 - $499,999; and makes between $250K+ a year. We were inundated, said Foley, It was like weve never seen before.. Bad press from the Sentinel, which has included drone footage of Berradas 18-room mansion, was not letting up. Photo by Graham Kilmer. "The tenants who live in our properties deserve the same support as any other tenant in the pandemic, and to suggest that they dont because of the Department of Justices false and unfounded allegations is callous and disrespectful to the families who we serve," the statement said. Housing experts say that many cases have been decided in the landlords favor when a tenant doesnt show up due to a technical glitch with video conferencing software. He also allegedly filed around 850 evictions in a matter of two weeks earlier this month. For example, if an agreed-upon payment plan which often includes the client paying late feesand Berrada's court costsis not followed,it can result in additional evictions. Jeff Myer, litigation director at Legal Action of Wisconsin, saidsuch repeat filings turnthe court into the landlord's bill collector. The $50 late fees and the attending court fees billed for eviction filings amounted to a combined $2,422 in fees charged to the tenant. While not all evictions result in a forcible removal, filings can trigger job loss, increased poverty, and serious mental health issues that include depression and suicidal ideation. Several tenants, including some who were sued for eviction, said the properties were ingenerally in good condition and well-maintained. The corporation name 6642594 CANADA INC.. Business Informatoin. While many Berrada tenants have been relieved by the shift in tone, theyre wary of what happens when the CDC moratorium is lifted and their plight falls off the news cycle. In April 2020, the company notified all the tenants at one apartment building they would be replacing every front door in the building despite the fact the existing doors were still functional, according to the complaint. Two other essential tenant rights that Ramos mentions are the right to enjoy the property and the right to get notice of eviction. "It's amazing how hard they fight over relatively small amounts of money. Wisconsin Attorney General Josh Kaul today announced the filing of a civil law enforcement action against Youssef (Joe) Berrada and his property management company, . Since 2015, Berrada companies have bought88 Milwaukee properties. Before the 2008 recession, corporate landlords owned 20% of rental properties; today, its nearing a whopping 50%. Rate may change after account is opened; however, minimum 2.25% APY* paid when account balance is $250,000 or greater through 6/30/2023 and 0.01% APY* will be paid when balance is under $250,000. "I just sat on the stairs and cried," Young said. "They are armed with the most powerful threatgovernment has short of jail," he said of landlords. In the US, streamlined Yusuf reigns. We have added controversies in this section. When she told Berrada that renters of color and the very poor were disproportionately impacted, she said that Berrada, who is Moroccan and came to Wisconsin as a foreign exchange high school student in the 1980s, seemed to recoil. Among the vanished belongings:The urn containing the ashes of her infantgranddaughter,MiracleYoung. Berrada has become infamous in Milwaukee for the number and frequency of evictions filed by his company. It was breathtaking and appalling and like, holy cow, things are out of control.. The DOJ says many tenants who receive these notices reasonably understand this to mean they must move out of their apartment. Berrada Properties has filed 850 eviction claims in the past two weeks alone, straining the Milwaukee County court system. The STANDS4 Network. . Today, the 3,600 rental units Berrada's companies own cover 3.2 million square feet,roughly the size of 55 football fields. Berradas rental agreements only contain standard language regarding security deposits. by Jason Smith. DOWNLOAD THE APP: Get the latest news, sports and more, with a 14-count civil enforcement complaint, Your California Privacy Rights/Privacy Policy. Humanidad 2.0: Cul es el futuro de los cyborgs en el mundo? As state investigators wereprobing claims that Youssef "Joe" Berrada'srental empire was violating the rights of tenants,the landlord giant was collecting nearly $7 million in state and federal rent assistance. First, the process really kind of begins before the eviction actions [are] even filed. (Photo by Stephen Zenner/Getty Images) Milwaukee landlord, Youssef "Joe" Berrada, accused of violating . The DOJs complaint alleges the landlord has violated the law with illegal provisions in his rental agreements that require tenants to pay attorney and court fees for an eviction Berrada has filed against them. Between 2011 and 2013, private equity firms, buoyed by huge subsidies, snapped up about 350,000 homes from banks. For many corporate landlords, there is no system for understanding why a tenant might have missed a rent check- its simply data plugged into a computer system that spits an eviction notice out after a set period of time. Youre dealing with a community that is poor and has low wages. Berrada will take your security deposit if you vacate his property without proper notice. Berrada, who moved to Milwaukee at age 16 as a foreign exchange student at South Milwaukee High School, owns close to 8,000 properties in Milwaukee, Racine, St. Francis and West Allis. During that time his caretaker regularly stopped at the apartment building, finding the conditions unchanged. Share . Since the start of the pandemic, many of these companies have also been the recipients of substantial federal aid. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597238472710-0'); }); "He owns everything here. Pressure meanwhile mounted from other directions. About half of the firms earnings are from a real estate business, just to give you some idea how this breaks: We picked the good neighborhoods, if you will.. Joe Cole is a handsome and well-mannered 35-year-old English actor who was born on November 28, 1988. In 2017, the millionaire mogul was responsible for more than one in 10 of the citys evictions, which the Milwaukee Journal Sentinel reported alongside descriptions of his multiple palatial homes, luxury cars, 49-foot yacht, and the time he served his own ex-wife with eviction papers. This alternate spelling of Yusuf leads the way in Spain, where it is among the 100 most popular baby names. Its in such a striking contrast to the defendants of these cases, where I know their names and their addresses but I cant say much about who is evicting them said Hepburn, of the Eviction Lab. ", RELATED:Poor? He owns a 49-foot yacht and is the president of YB Falcon Inc., a Delaware corporation that owns a Mystere Falcon 900 jet, records show. Another woman who required oxygen to breathe was forced to move out of her apartment when renovation work produced so much dust and chemical pollutants she had trouble breathing. I was pregnant and about to have a baby; I wouldnt be able to go anywhere with a newborn, said Pollard. Linklaters advised Cube Infrastructure Managers' on the matter. Youssef "Joe" Berrada, a native of Morocco who lives in a $1.6 million Mequon mansion, has quickly and quietly become a force in the Milwaukee rental business and the county eviction court. One of the few timesBerrada'sname has appeared in the news came in 2008 whenBearden-Berradawas charged with three counts of reckless endangerment for driving her Hummer on the lawn of the Mequon estate and attempting to run over her ex-husband and the couple's then 9-year-old daughter. It took her an entire year of applying to new apartment buildings before she found someone willing to rent to her. The complaint details a record of the company failing to inform tenants of upcoming work, illegally entering their apartments without notice and conducting renovations in a manner that creates inhospitable living conditions. Against doctors' recommendations to terminate the at-risk pregnancy, his parents chose life after God intervened, sending the family pastor to reassure them that this child would be "born to serve the Lord." Even before he was born, it was evident that God had a vision for Michael Amerhom Youssef. Average of 9 Customer Reviews. He said he stopped charging late fees at those properties because he understands COVID and the struggle that many of his tenants are facing. The lawsuit names Youssef Berrada, along with his firm, Berrada Properties Management, Inc., as defendants in the suit. When adjusted for inflation, a 2018 hourly wage has about the same purchasing power as it did in 1978. But growing evidence shows that more and more evictions arent driven by so-called mom and pop landlords struggling to balance their personal checkboards. Clarks eviction came when she was in between jobs. He is married. The group met three more times over the next weeks. Soon after a Berrada LLC boughtYoung's building on the 5300 block of North 29th Street, the company began renovation work. Over the last decade, over twenty cities have seen rent costs increase by over 50 percent in the same time period. We approach our business and clients with the singular goal of tenant comfort and satisfaction. Records show Berradaor companies linked to him paid more than $17 million to buy homes and a luxury condoinMaui;Boca Roton, Fla.;Scottsdale,Ariz.;Chicago;San Diego and near Las Vegas. Rania Youssef's net worth is $750,000 US dollars (As of 2018). "SDCs rent assistance process is the same for every landlord and tenant," the nonprofit said in an email. Goldberger said the multiple evictions are a byproduct of working with a tenant. youssef joe'' berrada net worthhttps www law cornell edu uscode text 26 501 youssef joe'' berrada net worth. Of Berrada, Ald. These moratoriums, however, were temporary. But like many Americans, Buckner is still unemployed and no more able to pay rent now than he was several months ago. Today, when Foley works with tenants who need housing but have past evictions on their record, she often refers them to Berrada, one of the only landlords in the area who will offer them a lease. Corporate landlords, which own almost 50% of rental properties, are more likely to evict, advocates say. An apartment on North 29th Street in Milwaukee owned by Youssef "Joe" Berrada company featuring his signature boulder on lawn. She said the late payments were so steep that she soon owed the equivalent of two months of rent. Asked whether Berrada companies have changed their practices in response to the warning letters, Goldberger wrote:"As necessary, corrective measures are undertaken on a timely basis.". Energy & Infrastructure; Public & Administrative Law; Capital Markets; Profiles in; What does Youssef mean? In the case of Pollard, the 26-year-old facing an eviction in June, the three entities worked together to buy her more time to move and then helped her move into a more affordable Berrada-owned apartment. The director address is 1339 Meadowlands Dr. E, Unit #1111, Nepean, ON K2E 7B4, Canada. Rape and Sexual Assault are No Laughing Matter, Unless Your Name is Donald Trump The fact that the industry is so difficult to track is also a huge part of why there is so little accountability for corporations who are evicting people in the middle of a pandemic, despite the CDC moratorium. In addition to Young, another tenant of a Berrada propertycomplainedto state regulators that workers screwed her front door shut last year while she was inside. In Young's case, shewas not asked to leave though she now she wishes she had left before the rehab work began last year. Even if a tenant agrees to a payment plan and follows it, the original eviction lawsuitalmost alwaysremains on the tenant's public record. The $1.6 million mansionis one of eightluxury homes across the country owned or linked to him. On one day alone Jan. 30, 2017 Berradacompanies filed 99 eviction actions. "Over the past two years a lot of work been done with Berrada Properties," said Andi Elliott, Community Advocates chief executive officer. By January, almost 12 million renters owed an average of $5,850 in back rent and utilities-an insurmountable sum in a country where before the pandemic 40% of the population didnt have $400 on hand in an emergency. Instead, todays federal minimum wage is just $7.25. Mallory Cheng joined WUWM as a producer for Lake Effect in 2021. increased to over 100 a week in Milwaukee, Increase In Out-Of-State Landlords Purchasing Property In Milwaukee Changing Neighborhoods, Milwaukee Journal Sentinel's investigation continues to uncover electrical fires disproportionately impacting the 53206 zip code, A 'once in a generation opportunity': how American Rescue Act funds can address Milwaukee's affordable housing shortage, Hurdles, Misunderstanding & Opposition: Challenges To Building Affordable Housing In Milwaukee. "They can move you out of your home.". Berrada is known as "the boulder guy," since his companies frequently put boulders on the lawns of their properties. Community Advocates has developed a close working relationship with Berrada, whose aggressive eviction practices had been the target of criticism from tenants, community groups and politicians. Sometimes the company sends written notices stating work needs to be done and, In order to effectively perform our work, we are asking that your unit be vacated as soon as possible. The first lawsuit was dismissed on a technicality. Become a member for $9/month. 1/5. The suit seeks restitution and civil forfeiture from Berrada and his company, as well as a change in their policies that would bring them in compliance with the law. Some Berrada tenants are sued for eviction as many four times in a year, records show. Ouissam Youssef, a 2004 graduate from Montreal's Concordia University with a Bachelors Degree in Computer Engineering, has been creating and building businesses since the age of 15. He earned the money being a professional Arabist. "The door was blocked by construction materials, and we had to knock on Ms. Young's window to announce our arrival," McClain wrote. AddsMaudwellaKirkendoll, Community Advocates chief operating officer: "The tenants do have the option ofmoving"and the agency will help those tenants find new affordable housing. I couldnt talk to nobody, theres no one to connect with. PO Box 7857. Berrada says his organization owns 8,000 rental units nationwide. The eviction crisis has been reported as a both sides proposition: when tenants cant pay rent, landlords cant pay their mortgages, putting both parties in a tough bind during a national cataclysm with no winners. That made him responsible for over half of the citys evictions. Young twice sued Berrada Properties for throwing out her belongings. Sign-in to take full advantage of your membership, including an ad-free website and improved browsing experience. Get a daily rundown of the top stories on Urban Milwaukee Renters are regularly charged between $218 and $295 by Berrada for court fees, according to the complaint. Taxpayers paid Berrada Properties nearly $7 million as state DOJ prepared to sue the landlord giant. In September 2017 a woman was awoken at 7:00 a.m. to the sound of roof work, then a crash as from roofing material breaking her window, according to the complaint. pdf pdf . d More Business Details and See makerfield constituencymakerfield constituency Joe Berrada overall profits are growing on a daily basis, and he is becoming more popular on the sidelines. He is the senior pastor of the Church of the Apostles in Atlanta, Georgia, and the executive president of Leading the Way. Attorney General. During one week in June, as nationwide coronavirus deaths climbed steadily above 100,000, companies tied to Youssef Joe Berrada filed 225 evictions in Milwaukee.
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