Author Archives: Coldwell Banker Bain Property Management

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management services.

OVER REGULATION = LOSS OF RENTALS

In response to increasing rental prices, A Regional Coalition for Housing (ARCH) recently proposed changes to local laws.  With rising expenses, interest rates and the lifting of the moratorium on rent increases, ARCH reports that HUD will allow rent to … Continue reading

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SELLING A RENTAL PROPERTY?

When a property is sold with a tenant in place, the purchase and sale agreement should address how tenant deposits and pre-paid last month’s rent will be transferred to the buyer.  The buyer will need a copy of the original … Continue reading

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TENANT APPROVAL CRITERIA

Prior to obtaining any information about a prospective tenant, Washington State Law (RCW 59.18.257) requires that landlords provide their screening criteria in writing to prospective applicants. In the city of Seattle there are some screening limitations which differ from the rest … Continue reading

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MEMORIAL DAY – 2022

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WASHINGTON LEASES.

A lease is a legally binding contract. Everybody knows that, RIGHT?  But do you know what that means? Even though the landlord owns the property, it is the tenant’s home.  Once a tenant moves in, even if the owner raised … Continue reading

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WHAT COVID-19 WROUGHT.

The pandemic caused a variety of changes in the rental market?  The impact was varied and many changes appear to be permanent. Rents went down and then increased over the course of the pandemic.  In 2020, when many were working … Continue reading

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SHOWING A RENTAL PROPERTY

The landlord has the right to show a rental property to a prospective buyer or tenant with a 24-hour notice while the tenant has the right of quiet enjoyment.  These two rights are sometimes in conflict. The Landlord Tenant Act … Continue reading

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FAIR HOUSING COMPLAINT #1

That the majority of Fair Housing complaints are regarding disability?  Of those, an increasing  number are regarding reasonable accommodation requests for service animals.  According to the Fair Housing Assistance Program, 44 percent of complaints included disability as a basis, followed … Continue reading

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I NEED TO SELL MY RENTAL. WAIT A MINUTE!!

Before giving a notice to vacate because a landlord wants to sell a rental, the owner must determine which laws apply and what type of property the investment property is considered to be.  Besides state law, there are numerous local … Continue reading

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CREDIT REPORTS – BEWARE!

A seller cannot give the buyer copies of existing tenants’ credit reports when the property sells without the tenants’ written permission.  It is a violation of the fair credit reporting act for landlord to show anyone the credit applications except … Continue reading

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