Monthly Archives: July 2022

RENTALS AS AN INVESTMENT? Yes or No?

Leasing a property can allow the owner to build equity as home values increase while earning rental income.  It can also be a good idea if the owner is planning on returning to the area in the future. However, owners … Continue reading

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RENTAL PROPERTY INSURANCE

In Washington state residential tenants have typically been considered co-insured under the landlord’s insurance policy.  When this is the case the landlord’s insurance company cannot attempt to collect from the tenant, especially in cases of tenant-caused fires.  A new law … Continue reading

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TENANT RELOCATION ASSISTANCE?

As of July 1, 2022, the Economic Displacement Relocation Assistance ordinance (EDRA) went into effect in Seattle.  Under EDRA, landlords who increase rent by 10% or more may owe tenants relocation assistance. EDRA will apply if rent is increased a … Continue reading

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