$19 Million Allocated for Seattle Rental Assistance; $41 Million from King County
According to local reporting, nearly 140k renters in Seattle are behind in rent. Mayor Jenny Durkan plans to provide 19 million dollars for low-income renters affected by the COVID-19 economic downturn. The money will funnel through the United Way of King County’s Home Base Eviction Prevention and Rental Assistance Program, the Seattle Office of…
Read MoreSeattle eviction moratorium extended through the end of the year
Last week, Mayor Durkan extended the city’s pandemic rent reprieve to residential and small business tenants through the end of 2020. Currently, there is a statewide eviction moratorium through October 15th. This bans late fees, rent and deposit increases throughout Washington. The additional extension is a result of the loss of $600 in extra weekly…
Read MoreUncertain times ahead for landlords and renters in Washington State
As we near the August 1st deadline for Governor Inslee’s eviction moratorium and the end of the $600 a week federal unemployment benefit, many rental property owners face an unknown fate. This is causing stress for the small “mom and pop” landlords throughout the area as well as the tenants that rent from them. At…
Read MoreEviction moratorium extended through August 1st, 2020
Governor Jay Inslee extended the eviction moratorium for the state of Washington through August 1st. As reported by KING 5 News, “It prohibits, with limited exceptions, residential evictions and late fees on unpaid rent. It also requires landlords to offer residents a repayment plan to catch up on unpaid rent.” In addition, The King County…
Read MoreWhat the West Seattle Bridge closure means for home values and rental rates
We don’t yet know the exact effects the West Seattle Bridge will have on home price and rent values in West Seattle, but time will tell if it has a dramatic impact. Since we are in the midst of a partial city shut down due to the COVID-19 pandemic, traffic congestion is hard to gauge…
Read MoreCOVID-19 Resources For Landlords and Tenants
We are nearing a month of the Washington State Stay Home, Stay Healthy order and the good news is that our curve has flattened. The bad news is that there is no guarantee this order will be lifted on May 5th as planned. The best thing you can do right now is to stay educated…
Read MoreCoronavirus Moratorium on Evictions has Passed the City Council
Mayor Jenny Durkan signed an emergency order over the weekend to put a temporary moratorium on residential evictions in response to the coronavirus outbreak in the Seattle area. The moratorium stops all evictions related to the non-payment or partial payment of rent for 30 days. It also stops all late fees or other charges for…
Read MoreSeattle City Council Passes New Law Regarding Winter Evictions
This week, the Seattle City Council voted to prevent landlords from evicting tenants for three months during the winter (Dec. 1 to March 1). However, they did limit this new rule to low and moderate-income tenants and exempted landlords that own four or fewer housing units. Currently, the Mayor’s office is not supporting such…
Read MoreIn Seattle, homeowners are required to clear snow from sidewalks
With all the recent snow in Seattle, a frequent question we are asked is who is responsible for snow removal at your rental property? Luckily, snow is not a frequent event in the Puget Sound. Still, you need to make sure the sidewalks around your rental property are cleared of snow to prevent falls from…
Read MoreGetting your property ready for a big storm
As the weather changes in the Northwest, it’s good to be ready for the large storms that hit our region each year. These tips can keep your investment property safer during those storms and keep money in your pocket by avoiding repairs. Here are a few things to do to your property now in anticipation…
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