All Forum Posts by: Enrique Jevons

As the owner of a property management company in Washington, I have encountered this situation before. For Airbnb guests, the process differs from the traditional eviction method used for long-term tenants. If a guest refuses to leave, you will issue a formal notice to vacate and may need to pursue legal action if necessary. Additionally, Airbnb’s policies support hosts when guests do not comply with house rules.

Great question! I own a property management company in WA, including Yakima.

Here’s a rough breakdown of costs:

- Management: 15-30% of revenue

- Cleaning: $100-$200 per turnover

- Utilities: $150-$300/month

- Maintenance: 5-10% of revenue

- Insurance: $1,500-$3,000/year

Tools like AirDNA or Mashvisor can give you a solid idea of income and occupancy. If you ever need help running numbers or managing your property. 

Congrats on those solid numbers! A $107k NOI with a 43% expense ratio is impressive, even with rising costs like taxes, insurance, and utilities. Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential. As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

Hello Andrew. I personally own 123 units in Yakima and manage over 700 for other owners. Yakima has been a wonder place for me to invest over the years. 

Hey @Noe Suarez I have over 600 rentals in Yakima. I have both 1-Bedroom homes and apartments. My rents range from $495 to $1,195 for them. Location is the biggest reason for the range.

Hello @Ryan Judah

I live right nearby you. I'd be happy to meet up with you for coffee.

Who's going to the PNW Real Estate Expo in Seattle? Here's the link to the Expo for more information: https://www.pnwrealestateexpo.com/

I live in Sammamish and manage about 800 units in the greater Seattle area, but for Texas I highly recommend reaching out to Steve Rozenberg.

Does anyone use a goal tracking app on their phone?  I am looking for something where I can put in daily, weekly, monthly, annual goals.  I have used a Fitbit for 2 years now and it has worked fabulously for motivating me to exercise more.  I would like to do the same with implementing some real estate goals, putting the "one thing" strategy to the test.

I personally continue to conservatively leverage all of my properties for a maximum cash on cash return.  By conservative, I mean a minimum of 25% equity in each property.  However, I do manage a lot of properties in Seattle for foreign investors using all cash and have asked them this very same question.  Their response to me has been that they are satisfied with a very low cash on cash return because it is better than they can get locally and because they consider a city like Seattle to be a safe place to invest as far as the government not seizing land, and because appreciation rates have been historically very good.