All Forum Posts by: Gabe Hall

That makes more sense.  I currently have 11 month leases to start and then m2m.  I plan to  write a company policy about first lease vs lease renewal with an existing tenant and the standard term length.

There are tons of good clauses in a great PM's lease.  I wish we had more resources to share/assemble these docs.  I have a legal service that generates leases but I found that the document it produces is pretty poor.  It doesn't have clauses for most things that are in a good PMs lease.

"At our property management company we are now writing all of our leases as 10-month leases, with 12-month renewals for those who want to stay and qualify. Sec. 8 currently will not sign a 12-month lease."

Can you explain this one a little more?   It sounds like you are attracting Sec. 8 to start but not to renew?

Hi all Bellinghamsters!  I'm looking for recommendations for a house cleaner, landscaper, and a gutter/roof/window cleaner. 

Thanks :)

http://apps.leg.wa.gov/WAC/default.aspx?cite=458-6...

Its possible in WA State, but it's tricky to do and it takes over 12 months.  It might not be worth it to avoid 2% taxes.

@Esteban Hermosillo welcome to BP!

Got it.   Maybe I didn’t read it well enough, I had 600k in equity (875-275).  Even better!

Congratulations!  Who cares what your net worth is if you are on path to FIRE?  Everyone in my neighborhood is sitting on $1m in house equity and getting no return on it.

Also, great job on your ROI. If you can keep costs at 50% gross you have 13% annual.

Welcome @Sydney Groen!

I think you are in the best place to do STR in WA.  Basically Leavenworth has a lot of restrictions for STR with the exception of Owner-occupied which they classify as BnB.  There are still a lot of rules but its significantly easier.  I researched this a bit recently - a friend owns a vacation house there and I wanted to financially justify a purchase but couldn't :).

Hah my bad - I won't post the website name but its on the Thurston County Treasurers webpage.  The Lacey demolition house went for 65k.