Washington

Test test testing this.

Thu
23
Jul
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Dupre & Scott Video Report: Seattle Sales Update

SALES UPDATE It’s too soon to know for sure, but 2015 is behaving like a record-breaking year for apartment sales activity. Let’s take a look.

Tue
21
Jul
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On-Site Rental Housing Journal - July 2015

On-Site RHJ is the business journal for the Washington multifamily and residential property management industry.

Tue
14
Jul
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Dupre & Scott Video Report: SINGLE-FAMILY RENTALS VERSUS APARTMENTS

SINGLE-FAMILY RENTALS VERSUS APARTMENTS A couple of weeks ago we discussed rent trends for smaller properties. Today we will look at these trends in a little more detail, by breaking out rent growth for single-family rentals, multiplexes, 5-19 unit apartments, and 20-unit and larger apartments separately. To keep things simple, we will look at two-bedroom rents in King County for each of these property types.

Thu
25
Jun
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Dupre & Scott Video Report: SMALL PROPERTY PERFORMANCE

SMALL PROPERTY PERFORMANCE We usually talk about trends for 20-unit and larger apartments. But there are a lot more investors involved in smaller rental properties like single-family rentals, multiplexes, and 5 to 19 unit apartment buildings. This spring we surveyed just over 2,200 20-unit and larger properties for our Apartment Vacancy Report and more than 6,400 smaller properties for our 1-19 Unit rent & Vacancy Report. So this week we will talk about some of the trends we found in King County from our smaller property survey.

Thu
25
Jun
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Apartment Rent Trends In Seattle

Can You Handle The TruthAbout Apartment Rents?

Thu
25
Jun
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Seattle: The Good, The Bad and The Ugly

The overall housing market, locally in Washington state and nationally, continues its strong run after weathering the storm during the downturn market of the Great Recession years.
As bleak as those years were for apartment managers, owners and developers, the market is making up lost ground rapidly, assisted by improved job growth, robust in-migration, a movement from home ownership to renting by choice, and demographic forces of Millenials and Baby Boomers entering the rental market at a rapid pace.
New construction in the Puget Sound region is at historical levels, yet occupancies remain strong and rent growth remains higher than long term historical averages. Although many would have predicted a softening of the market due to high new construction, the trend for 2015 remains very positive. It would be predicted that 2016 and 2017 will see lower rent growth, higher vacancies and a return of concessions, as a result of all the new development in the pipeline.

Thu
25
Jun
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Setting Rules to Create a Safe and Enjoyable Community Marijuana/Tobacco Housing

Smoke-free housing policies are on the rise in Washington. As a property owner or manager, you already have policies that protect your investments, like screening tenants and setting rules to create a safe and enjoyable community. If you haven’t implemented a no-smoking rule yet, chances are you know landlords who have. These rules prohibit smoking inside resident units and on patios and balconies, in common areas and within a certain distance of buildings. Smoke-free policies save money by lowering operating costs and insurance premiums, increase your property’s market value and protect your residents’ health.
If you’re thinking about implementing a new no-smoking rule, there are resources that can help. See the end of this article for more information.

Thu
25
Jun
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Can You Handle the Truth About Apartment Rents? Apartment Rent Trends In Seattle

The average apartment rent in Seattle rose 8.3% in the past year. That’s a lot. No doubt about it. It beats inflation. It beats wage growth. So some in the media and special interest groups take to calling this a problem of skyrocketing rents, a crisis, an emergency. Is it really? Let’s take a look.
First, let me say this about that. That type of hyperbole is misleading at best. And it is dishonest at worst.
Next, that 8.3% rent increase compares rents last year with rents this year. That’s fine, except for one thing. Developers opened a lot of new apartments in the past year. And new units have more features and rent for more. So it is really an apples-to-oranges comparison.
So you should exclude the new units to make an apples-to-apples comparison. We did that, and found rents rose 7.5%. That’s still a lot, but at least this correction makes the data more meaningful and more honest.

Tue
23
Jun
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Behind the Leasing Desk with Heather Blume: Sick and Tired

Behind the Leasing Desk with Heather Blume

Sick and Tired
Dear Heather,

Tue
23
Jun
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On-Site (Seattle/Tacoma) Rental Housing Journal June 2015

On-site RHJ is the business journal for the Seattle / Tacoma multifamily and residential property management industry.

 

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