Property Management News
Seattle landlords are now subject to a sweeping rental inspection program that leaves no stone unturned when it comes to ferreting out problem properties. Officials say the goal is to inspect every rental property in town. The requirements will affect every type of rental from single family houses to large apartment buildings. Only nonprofit and government housing is exempt. The ambitious program will be phased in over time. By July 1, 2014, all properties with 10 or more rental housing units will be inspected; by December 31, 2014, all properties with 5 to 9 rental housing units; by December 31, 2016, all properties with 1 to 4 rental housing units. The first step is a requirement that... Read more
Tip# 181: Don’t Bug Me! This week’s quick tip focuses on ways to prevent a costly problem: bed bugs. Over the past few years, the U.S. bed bug population...
Average fixed mortgage rates fell to new all-time record lows for the second consecutive week on mortgage securities purchases by the Federal Reserve and indicators of a...
Tip #180: I See You! Ever since a noted television newswoman was secretly filmed in her hotel room through the peephole, and several other victims found similar...
Tip #179: Friend Me! Most landlords are careful who they rent to, but it’s harder to manage a tenant’s guests. If those guests cause problems, like...
Fixed mortgage rates are holding steady this week, remaining near all-time lows, according to Freddie Mac’s latest Primary Mortgage Market Survey®. The average 30-year fixed-rate mortgage has been below 4.00 percent all but once this year and the average 15-year fixed, a popular choice among refinance borrowers, has been below 3.00 percent since the last week in May. 30-year fixed-rate mortgage (FRM) averaged 3.55 percent with an average 0.6 point for the week ending September 13, 2012, the same as last week. Last year at this time, the 30-year FRM averaged 4.09 percent. 15-year FRM this week averaged 2.85 percent with an average 0.6 point, down from last week when it averaged 2.86... Read more
Tip #178: Skating on Thin Ice? A hazard lurks just outside the front door of your rental property. Tenants who are responsible for snow removal have a tendency to...
Tip #177: Quality, Not Quantity When it comes to managing tenants, it’s the quality of time spent on the job that trumps the amount of time. One of the easiest...
Freddie Mac is reporting that fixed mortgage rates declined or remained the same from the previous week amid mixed economic data, and continue to hover at an all-time...
Tip 176: Can’t Beat ‘Em? Join ‘Em! Despite the overwhelming number of landlords who want to reject every tenant with a pet, the numbers of...
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