Posts by Jill McCormick

Setting goals is crucial for success, as it provides a result-oriented approach, helps people remain consistent and disciplined, and value their time. A Harvard Business Study found that only 3 percent of MBA graduates who set goals earned nearly ten times as much as those who did not. However, setting goals is not enough; they…

Finding a good tenant is a difficult task. It involves advertising vacancies, keeping competitive rental rates, and conducting background checks. Choosing good tenants will result in them staying longer. Finding new tenants can be costly if you have vacant units. Screening tenants thoroughly can save you the headaches of accepting bad tenants who don’t pay…

Seattle apartment renters finally experienced relief in September after rents rose for seven consecutive months. Those priced out and rent-weary in Seattle could take heart in the latest Apartment List data. The city’s rent growth declined the third most in October. However, rents in October were still up 0.7 percent from the same month in…

It is the landlord’s responsibility to ensure that they have the proper insurance. This blog post aims to help landlords understand the different types of insurance they should consider and what each cover. In addition, we will offer tips on how to find the best rates for landlord insurance. We hope you’ll find this post…

According to the real estate brokerage Redfin, Seattle’s housing market is dropping faster than the rest of the nation. Comparatively, home sales in Seattle fell 34% in August. In addition, according to Redfin’s analysis, the average home sold for 2% less in August than in July. The rapid cooling of Seattle’s real estate market can…

Just yesterday, bidding wars erupted in housing markets across the nation. In those days, mortgage rates were much lower. But, there is no doubt that times have changed. The competition for housing is cooling particularly fast in a few places, including Seattle. What does this mean for you? If you have a rental property and…

Making your rental energy-efficient can be achieved in a variety of ways. Upgrades can be inexpensive or costly, depending on the level of investment. Still, the utility savings can make most efficiency upgrades worth the cost over time. So, what makes a rental property energy-efficient? There are many ways to improve energy efficiency in most…

It looked as if Seattle would require landlords to report how much they charge for rent, but Bruce Harrell, mayor of Seattle, nixed the legislation after it narrowly passed the Seattle City Council by 5-4, with a veto on June 10th, 2022. Before Seattle drafts its Comprehensive Plan for housing policy and growth management for the…

On April 26th, 2002, Seattle City Council passed an ordinance by a 7-1 vote that changed the regulations for landlords collecting late rent from tenants affected by the COVID-19 pandemic. New rules require landlords to cap repayment payments at one-third of a tenant’s rent, offer tenants a “reasonable schedule” for paying back rent and extend…

Property managers are not a necessity for every rental property owner. On the other hand, a good property manager can be a huge help and help you protect your investment. You can determine if hiring a property manager is the right choice for you by answering the following questions. How much time do you have?…