Housing prices — are you kidding me?

Housing prices seem to be at the forefront of most owners’ and tenants’ minds these days. And why not? The market is as active has it has ever been — for both brokerage and rental. Zillow gives housing owners an estimate of what they think the market will do over the next year. They update…

Read More

Expect higher maintenance costs & longer lead times in rentals

This pandemic has created a lot of disruption in supply-side logistics. Lumber yards, in particular, were hit hard. But really everything has been impacted. Order times for routine parts have been extended to unimaginable lengths. Things that used to take days to stock are now out weeks and even months. Just the other day I…

Read More

How the pandemic created the housing shortage and crisis.

Homelessness and housing affordability seem to be in the news almost daily. Rents are skyrocketing. Housing prices are skyrocketing. Politicians are scrambling to pass laws to address homelessness and housing affordability for tenants. It’s a mess out there folks, if you are a landlord. It is even messier if you are a property manager managing…

Read More

Why you DON’T want to sell in this hot market!

Everyone seems to be running for the exits! In the first six months of 2021 we have lost over 10% of our portfolio. No, it’s not because we are that bad! (lol) We’ve never even lost half the number in a full year! So what’s the rush? Everyone is trying to take advantage of a…

Read More

Remodel NOW!!!!

If ever there was a time to improve real property, NOW would be the time! Whether for your own home, and for particularly for rental properties, owners who proactively upgrade their properties stand to win big time — both long and short term. Here’s why. Return on Investment The biggest reason to invest in your…

Read More

What to look for when showing rental property

The couple pulls up in a snazzy-looking car. As they get out and walk up to the front door you are checking them out and saying “Man, these look like just the people I want to rent to!” You open the front door and everyone is all smiles. Not so fast!!! The Good Everyone looking…

Read More

Tired of bad tenants? Tenant Screening Reinvented

Let’s face it. As a landlord the biggest hurdle all of us face istenant screening, and finding a good tenant. Get it right and life is great. Get it wrong and things go south quickly. I bought my first rental in 1985, and have been screening tenants ever since. Initially I got burned. Probably 50%…

Read More

Cash vs. Cashflow

It happens more often than any of us would like to admit, where we need to lease up a property but it cannot command the price we want, need, or expect.  In this instance many owners will hold on to the “bottom line” – the lowest number in their mind they are willing to accept,…

Read More

Is now a good time to be a landlord?

We get asked all the time: “Is now a good time to be renting my home out?” The short answer: unequivocally yes! In the 30 years we have lived and rented in the Seattle market there has never been a better time. Here’s why. Vacancy Rate Vacancy rates are at historic lows. We consider anything…

Read More

How I Became a Multi-millionaire

I bought my first house in Boise, ID in 1985. It had a mother-in-law unit in the back. I thought “How great is this? My tenant can pay my mortgage (or at lease a big part of it). What could go wrong?” I was young, naive, and trusting. After a rew trash outs and middle-of-the-night…

Read More