1 bdr 1 bth in Washington State

[Kim Stuart]

Hi all,

Question for Washington state investors. I was wondering what your experience has been in attracting tenants for 1bdr/1bth units, preferably in Pierce County, but not limited to?  Any luck?  I have seen a couple of triplexes and fourplexes that are 2bdr/1bath main unit and 1bdr/1bth sub units.  I would say they would be great for college areas, possibly even downtown or north tacoma areas where lots of people are taking traveling short-long term jobs.  I am curious as to what your experiences have been with them in the area?

Regards,

Kim

[Dion McNeeley]

Hi @Kim Stuart,

I have seen the places you are looking at and thought the same thing. I heard on a podcast one time that the guest would run a Craigslist add for the unit and see what the response was. The problem you may run into is if it is a specific place you want they aren't on the market long. My last two duplexes had offers accepted in less than three hours. So maybe try the add thing and get a feel for the level of interest. I know that in Pierce county I have had no issues finding tenants for 2-1's. Usually I have 20+ applicants in a day or so. 

When looking at the tri and fouplexes I have seen some places where the numbers work here even if you went with low rents. 

Thanks,