Hi All, I am looking at purchasing my first STR in Skagit County WA, just north of Seattle. I am curious regarding local regulations on STRs and if there are any cities in Skagit Co that have stricter rules in place. I am looking more towards the inland region East of Mount Vernon. Any input would be greatly appreciated!
Currently the only city in Skagit county with restrictions on STRs is Anacortes. Municipal code laws can change from city to city and it's unknown if Mt. Vernon will enact any in the future, but generally speaking properties outside of city limits tend to have less pressure to enact restrictions.
It's always important to have multiple pivot options if your initial strategy dosen't work out. Run your number as both LTR,MTR,STR. If there is a value add opportunity then you get the option to pivot into a modest flip in the case you are need to sell due to regulations.
Hi All, I am looking at purchasing my first STR in Skagit County WA, just north of Seattle. I am curious regarding local regulations on STRs and if there are any cities in Skagit Co that have stricter rules in place. I am looking more towards the inland region East of Mount Vernon. Any input would be greatly appreciated!
my 2 cents. Make sure its viable as a long term rental in case STR gets banned.
Currently the only city in Skagit county with restrictions on STRs is Anacortes. Municipal code laws can change from city to city and it's unknown if Mt. Vernon will enact any in the future, but generally speaking properties outside of city limits tend to have less pressure to enact restrictions.
It's always important to have multiple pivot options if your initial strategy dosen't work out. Run your number as both LTR,MTR,STR. If there is a value add opportunity then you get the option to pivot into a modest flip in the case you are need to sell due to regulations.
@William Simpson Great response! Are you in the Skagit area? The Anacortes ban happened fairly quickly, so I agree with you, it is hard to base an investment solely on something that jurisdiction can ban.
@William Simpson Great response! Are you in the Skagit area? The Anacortes ban happened fairly quickly, so I agree with you, it is hard to base an investment solely on something that jurisdiction can ban.
Hey thanks Julie! I'm in Seattle but I found out because I'm nosey :^)
@William Simpson Great response! Are you in the Skagit area? The Anacortes ban happened fairly quickly, so I agree with you, it is hard to base an investment solely on something that jurisdiction can ban.
The ban in Anacortes is more about WHERE those str properties are located. It is a terrible precedent to be setting. Our local Realtor association (NPSAR) has argued extensively against it.