Seattle Illegal Dwellings
Monday, November 23
My last blog was about City of Seattle housing code violations for rental property. Here is how the city defines an Illegal Dwelling Unit: Summary:The Department of Planning and Development (DPD) Director’s Rule 7-83, “Determining the Existence of a Dwelling Unit for the Purpose of Code En...
Illegal Dwelling Unit
Friday, November 20
The City of Seattle received a complaint regarding illegal rental at your one of the properties that I manage on Beacon Hill. A permit for a legal ADU (accessory dwelling unit) in this house was first pulled in 2004 but expired 2005; then again in 2010, expired May 2012. It passed framing an...
Good in the World
Thursday, November 19
What difference does your real estate investing make to your community?Last night I attended the memorial service for a former colleague of mine, another real estate investor, and an amazing entrepreneur. Her pastor of 15 years described her as a model of a saint. She was classy, elegant, com...
Seattle Rent Increases Top List
Wednesday, November 18
Here are the 25 cities with the largest rental increases in the past year, according to RentRange:Cape Coral-Fort Myers, FL (23.6%)Sacramento-Arden-Arcade-Roseville, CA (17.6%)North Port-Bradenton-Sarasota, FL (17.2%)San Francisco-Oakland-Fremont, CA (17.0%)Charleston-North Charleston, SC (1...
Next Market Crash?
Tuesday, November 17
If the housing market crashes, it will likely be due to the steep rise in student loan debt, accompanied with a drop in average earnings for college graduates. The nation’s student-debt tab has more than doubled since the last recession to roughly $1.3 trillion. The unemployment rate for col...
Real Estate Crowdfunding
Monday, November 16
A relatively new federal law enacted in 2012 (H.R. 3606) opened the door to a different and radical method that entrepreneurs can use to attract private investors, a method that is now called crowdfunding.Crowdfunding is basically an Internet-based means of finding funding that can enlarge y...