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Uncategorized Buy Vs. Rent Ratios- Seattle ranked #2 to rent! That on October 8, 2010, Trulia released a report indicating that it is cheaper to rent than to buy in Seattle? What does this mean for you? If your client wants to rent the property rather than lower the sales list price, this means that there is an excellent chance that rent in the current […]
Uncategorized Cap Rate That the cap rate is net operating income (NOI) divided by the sales price or value of the property? NOI is annual income minus expenses, before income taxes and interest. A five unit apartment building with monthly rents of $3,750 would have a maximum gross annual rent of $45,000. ($3,750 x 12 = $45,000). If […]
Uncategorized Maintenace Requests That critical maintenance issues have to be addressed even if a tenant is behind in rent? For example, a tenant who is being evicted for non-payment of rent still has the right to a working heating system. Furthermore, while the Washington State Landlord/Tenant Act restricts the actions a tenant can take to force a landlord […]
Uncategorized Landlord/Tenant Issues? There is free help! That Washington State has a free advice and referral service for low-income people for civil matters, including Landlord-Tenant issues?  CLEAR has limited resources, but may: Give verbal or written advice that may help solve the problem; Send written legal information and/or forms to help solve the problem; Try to resolve the problem through negotiation; Referral […]
Uncategorized Sending Notices That state law requires that notices mailed to tenants be mailed from the same county as where the rental property is located?  RCW 59.12.040 specifies: When a copy of notice is sent through the mail, as provided in this section, service shall be deemed complete when such copy is deposited in the United States mail […]
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