Rental demand in Seattle - how is it now during COVID?

Buying & Selling Real Estate
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Rental demand in Seattle - how is it now during COVID?

Charlie Anne
Member since 2020 · 89 posts · 45 votes

Who owns rentals in Seattle? Has the demand slowed a lot since March?


How long is a unit vacant now vs pre-COVID?

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  • Michael HaasBusiness Member
    Real Estate Agent · Redmond, 🌧️ Seattle Investor-Agent | 🤑 Helped 400+ Clients Invest in Real Estate | 🏘️ Owns 23 WA Rentals & Airbnbs | 🏗️ Built 5 DADU's | 📈 You Can Do It Too · Member since 2016 · 724 posts · 3k+ votes
    6y

    We're good here personally- no delinquencies, vacancy close to the normal range (which for us is about 3%). Filled two units in March, it was a bit of a trip doing property tours during a pandemic and we definitely utilized video and Facetime to get it done but at the end of the day they rented, one with a single applicant and one with multiple applicants. 

    I'm a investment Realtor, so I've been analyzing deals and working with clients buying occupied properties, and have noticed more delinquent rents and vacancies on those than I see typically in this market. I'm not sure if that is sample bias though, as landlords who are selling during the eviction freeze may be more likely to have non-paying tenants than the broader market average. 

    [email protected]408-439-7873
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  • Charlie Anne
    OP
    Member since 2020 · 89 posts · 45 votes
    6y

    Thanks @Michael Haas!

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