Episode Summary:
In this episode, Craig Fuhr and Jack BeVier talk with David Howard, CEO of the National Rental Home Council (NRHC). They discuss the current state of the single-family rental home industry, including interest rates and financing options. Howard explains the demand for rental housing and shares updates on NRHC’s policy work regarding housing supply. They highlight the growing role of build-to-rent projects and efforts to educate policymakers about the rental housing industry. The discussion covers challenges faced by small landlords and the need for better representation. They address the importance of balancing the interests of large and small rental owners. The conversation examines the impact of eviction moratoriums and rent control on rental housing. Howard stresses the need for housing investment and warns of the negative effects of restrictive laws. The episode ends by discussing NRHC’s work on local chapters to address policy issues at the community level.
Overview of Episode 58
Craig Fuhr and Jack BeVier welcome David Howard, CEO of the National Rental Home Council (NRHC), to discuss key issues facing the rental housing industry. They start by addressing the current state of interest rates and how they affect single-family rental investments. As the market shifts, Howard shares his insights on policy changes impacting the rental housing industry.
Interest Rates and Investor Strategies
Both Fuhr and BeVier discuss recent trends in 30-year mortgage rates, which have dropped unexpectedly. Consequently, many investors are reevaluating their strategies, looking for opportunities to refinance. Afterward, Howard highlights how single-family rental housing remains in high demand despite economic uncertainty. Additionally, he mentions that limited supply continues to challenge the industry.
The Role of the National Rental Home Council (NRHC)
Howard explains the NRHC’s role as the leading advocacy organization for the rental housing industry. NRHC represents single-family rental homeowners, from large corporations to small “mom-and-pop” landlords. Moreover, the NRHC focuses on addressing misinformation about the rental housing industry and engaging with policymakers at both state and federal levels.
Challenges in the Rental Housing Industry
Howard identifies major challenges the rental housing industry faces today. These include rent control laws, eviction moratoriums, and legislation that limits property ownership. For instance, Howard points out that Minnesota and California have introduced legislation that restricts how many homes rental companies can own. Both small and large rental homeowners are impacted by these laws, which add to the industry’s regulatory burden.
Importance of Advocacy in Rental Housing Industry
Howard emphasizes that rental housing owners must stay informed and engaged in policy discussions. Whether it’s dealing with local rent caps or eviction rules, owners need to know how these regulations can affect their businesses. To counter harmful legislation, NRHC has been actively advocating for policies that support rental housing development and investment.
Looking Forward: Policy Advocacy and the Future of the Rental Housing Industry
In the final part, Howard shares the NRHC’s future plans to strengthen advocacy efforts. By building local chapters across the U.S., the organization aims to address specific challenges in different states. Howard calls on more rental homeowners to join the NRHC and engage in policy discussions to safeguard the future of the rental housing industry.
