Monthly Archives: July 2022

RENTALS AS AN INVESTMENT? Yes or No?

Posted on July 25, 2022 by Coldwell Banker Bain Property Management

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

Posted on July 18, 2022 by Coldwell Banker Bain Property Management

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?

Posted on July 11, 2022 by Coldwell Banker Bain Property Management

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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