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Sinopsis

Should Wall Street companies be kicked out of the single-family rental market? Would it improve housing affordability if Congress banned institutional landlords from owning rental homes and forced them to sell off what they now own? That’s exactly what U.S. Senator Jeff Merkley of Oregon and U.S. Representative Adam Smith of Washington believe is needed to improve housing affordability. They introduced legislation called “End Hedge Fund Control of American Homes Act” and it’s getting a lot of pushback from people in the real estate industry. I just got back from the IMN Single Family Rental Conference in Scottsdale which was filled with fund managers who’d disagree with the concept. In this episode, you’ll hear from a fund manager with more than 5,000 rental properties in 39 southeast communities. Richard Ross is the CEO of Quinn Residences. He talks about how single-family rentals are filling a badly needed housing gap, why he believes he’s part of the solution (and not the problem), and what he thinks of th