Category Archives: Did you know…

INVESTMENT PROPERTY ADVANTAGES

There are tax advantages to owning an investment property.  These may include the following tax deductions: Mortgage interest, Interest on credit cards used to make purchases for the property, Insurance, Maintenance repairs, Travel expenses, Legal and professional fees, and Property … Continue reading

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WASHINGTON STATE – LEASE TERMS

At the end of a lease for a specific term, unless the lease is terminated, if the tenant stays in possession and the landlord accepts rent, the lease automatically becomes a month-to-month agreement.  All other terms of the initial lease … Continue reading

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FAIR HOUSING APPLIES – LANDLORDS TAKE NOTE!!!

New fair housing court decision Continue reading

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TACOMA WASHINGTON – NEW RENTAL LAWS

Tacoma’s new rental housing code includes a requirement that landlords provide information about tenant rights to current and future tenants.  When a tenant applies for a rental, they can be given the information via link, http://www.cityoftacoma.org/rentalhousingcode.      When a tenant is … Continue reading

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FAIR HOUSING COMPLAINTS

HUD tracks the number and type of Fair Housing complaints filed.  In 2017 there were 8,186 complaints filed based on federal protected classes and alleging retaliation.  The largest percentage were claims of discrimination based on disability.  These include cases regarding … Continue reading

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THE GROWTH OF RENTAL PROPERTIES

Nationally, single-family rentals (detached homes or townhomes) are developing faster than any other portion of the housing market.  These rentals outpace both single-family home purchases and apartment rentals.  Locally, nearly half of all Seattleites are renters. Between 2006 and 2016, according … Continue reading

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FROZEN WATER PIPES?

Frozen pipes can occur even in occupied properties.  Here are some tips for prevention: Locate the main water shut off before a broken pipe occurs.  Disconnect all hoses; if the water freezes in the hose, it can break the spigot.  … Continue reading

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WASHINGTON STATE CONSIDERS MORE RENTAL REGULATIONS

Senate Bill 5600 would include some significant changes to Residential Landlord Tenant Act.  The potential changes would: Change the pay rent or vacate notice from 3 days to 14. Remove the option of a set term lease that expires at … Continue reading

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RISING RENTS

The average rent across King and Snohomish counties dipped 2.9 percent in December compared with the prior quarter, according to a new quarterly landlord survey by Apartment Insights/RealData. Rents across the region had soared 48 percent over the previous five years. The … Continue reading

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Discriminatory Language in Deeds

Starting in the 1920s, many neighborhood covenants throughout the region allowed only white people to rent or own property. Fair housing laws made these covenants unenforceable in the 1960s, but a new state law allows owners to strike the them … Continue reading

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