Charlotte — Some businesses buy thousands of homes in the Charlotte area. Some renters say businesses will charge higher rents and evictions will be quicker, but problems will take longer to resolve.
Now, Oregon Senator Jeff Markley (Democrat) wants to ban corporate landlords from owning multiple homes.
“The American Dream is greatly undermined,” he said. “Take home ownership back into the hands of American families.”
Markley is pushing the End Hedge Fund Controls of American Homes Act, a bill that would limit the number of single-family homes companies can own. The fine will be $20,000 per household over 100 households.
Businesses with 100 or more homes can take years to sell their homes to stay compliant. The bill also has incentives to encourage businesses to sell to “ordinary people who live in their homes.”
The National Rental Home Council represents the corporate homeowner industry. I sent an email to Jason Stoogenke of Action 9.
“Single-family rental housing offers an important solution to America’s housing shortage, increasing the supply of high-quality, affordable housing and expanding it to areas near quality schools, employment centers, and transportation. At a time when hard-working Americans are already being weighed down by rising costs of commodities and services, Sen. Markley’s proposal will increase the availability of single-family rental housing. Expensive rental housing is so important, Sen. We recommend developing policies and incentives designed to help increase the supply of housing for all types of housing and rental housing.The supply of housing to meet the needs of both homeowners and renters Increasing is the solution to America’s housing crisis, not one at the expense of the other.”
Bethany Rodwell said she “absolutely” supports the Senate bill.
She rents two houses from corporate landlords and says she has had problems and has had many work orders, including washers and dryers, ants, and doorknobs.
“I had to find God’s peace,” she said. “I never played dirty. I tried to extend grace.”
She told Stoogenke that the company fixed some things, but usually after a number of delays. It’s crazy, but you can’t get in touch with anyone other than an automated system and they can’t do anything for you.
She filed a complaint with the North Carolina Attorney General.
Rodwell says she and her landlord are arguing over the rent she owes, and the company threatens to evict her.
Video: Buying Company Housing While Riding in Mecklenburg County
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