All Forum Posts by: Enrique Jevons

Thinking about investing in rental properties? Here’s how to set yourself up for success:

✔ Define Your Goals – Are you looking for steady cash flow, long-term appreciation, or both? Clarifying your objectives helps you choose the right investment.

✔ Choose the Right Property – Location, condition, and rental demand are key. Whether it’s a single-family home, duplex, or apartment complex, pick properties that align with your strategy.

✔ Maximize Returns – Effective property management, market-driven rent pricing, and proactive maintenance can significantly boost your profits while keeping tenants happy.

✔ Protect Your Investment – Thorough tenant screening, consistent upkeep, and staying informed about market trends help ensure long-term success.

Ready to build wealth through real estate? Start making smart moves today.

Navigating the eviction process in Washington State can be complex, but understanding the steps can help protect your property and your rights. Here's a quick rundown:

1. Serve a Notice: Start with the appropriate eviction notice 14 days for unpaid rent, 10 days for lease violations, or 3 days for serious offenses.
2. File a Lawsuit: If the tenant doesn’t comply, file an unlawful detainer complaint in the local Superior Court.
3. Summons the Tenant: The court will serve a summons, giving the tenant a chance to respond.
4. Court Hearing: Present your case with proper documentation. If successful, you’ll receive a writ of restitution.
5. Sheriff's Enforcement: The sheriff will serve the writ, giving the tenant 3-5 days to vacate. If they don’t comply, the sheriff will proceed with eviction.

Squatter Evictions: Squatters can typically be treated as trespassers unless they meet strict criteria for adverse possession. In most cases, an eviction notice and legal process are required.

Have questions about specific scenarios? Drop them below!

Real estate investing can be highly rewarding, but effective management is key to maximizing returns. Here's how professional property management can help:

1. Better Tenants & Higher Retention
Through thorough tenant screening and responsive communication, property managers reduce turnover and vacancy costs, ensuring a steady income stream.

2. Efficient Maintenance & Repairs
With trusted contractors and proactive maintenance, property managers handle repairs promptly, preserving your property’s value and keeping tenants satisfied.

3. Strategic Marketing & Pricing
Property managers use market analysis to set competitive rent rates and market your property effectively, attracting quality tenants quickly.

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/