Posts by Jill McCormick

On July 1st, the Seattle City Council approved new legislation regarding the constructions of accessory dwelling units in the city. The new law removes off-street parking requirements and also: Allows both attached and detached dwelling units in single-family zoning Introduces floor to area ratio limits in those single-family areas Removes the previous owner-occupancy requirements for…

Several news outlets in Seattle reported this week that the Seattle City Council may be taking the lead when it comes to rent control in Washington State. Following the recommendations of The Seattle Renters’ Commission, two measures were recently floated by Council-member Kshama Sawant. One regarding rent control and another following The Seattle Renters’ Commission…

If you are looking to get tenants into your Seattle rental property, there are 5 things you need to focus on to effectively market your property and attract the tenants you want the most.  Renters are looking for move-in ready properties to call home. Here’s what you need to do: 1. Price to move Avoiding…

Seattle had dropped from being one of the hottest real estate markets in the country to number 11 in a recent home value appreciation report. While still above the national average, it has cooled off enough to make you wonder if you should hang onto your investment property and ride out the slow down. Historically,…

It hasn’t yet been a week since the Alaskan Way Viaduct was closed and we are already seeing the effects on the Seattle rental market.  West Seattle is seeing the most impact on rental prices. Komo News is reporting that “Rental marketplace website HotPads reports that rent increases in West Seattle have dropped from an…

On December 6th, 2019 the Seattle Times reported that Seattle home prices have dropped again, down 11 percent since the spring. While this is encouraging for home buyers that have been locked out of a hot market, this is not a good time to get the maximum value out of a rental property you might…

According to a recent article in My Northwest, the Seattle rental market is fairing better than most cities across the US.   While other cities are showing 15.8% increases in concession offers to rentals, Seattle has only seen a 9.9% gain.  Seattle is weathering the market and that means it will most likely see a…

The rental market in Seattle has certainly cooled off since summer.  This makes it even more difficult for a Seattle investment property owner to know how to price their property for rent.  Many new builders are competing with free month’s rent and new TVs.  Where can a property owner find comparisons to their own property? Luckily, there…

Bloomberg news is reporting this week that Seattle is experiencing a slowdown in the rental market.  Perhaps you have a Seattle investment property that was recently vacated and you’re unsure what you need to do to make your rental property stand out in a crowded field.  Here are a few tips that can make a…

Let Sound Point Property Management Handle Renting It For You! Komo News recently reported that 40% of Seattle’s landlords are selling their investments so they don’t have to deal with Seattle rental property rules. While Seattle has made things more complicated for owners, it creates an opportunity for landlords to offload the difficult parts of…