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Updated 8 days ago on . Most recent reply

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Kiran Asknani
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Looking for STR specific realtors around Seattle

Kiran Asknani
Posted
Seeking Advice: Purchasing Property for Short-Term Rental in Seattle Area (Bellevue, Redmond, Sammamish) Hello everyone, I’m planning to invest in a property around the Seattle area (specifically looking at Bellevue, Redmond, and Sammamish) that I can use as both my primary residence and as a short-term rental when I’m not using it. I would greatly appreciate recommendations for: 1. Real estate agents who specialize in investment properties and understand the short-term rental market in these areas 2. Insights on which neighborhoods have favorable regulations for short-term rentals 3. Information about current market conditions for this type of investment Some specific questions I have: • How do the short-term rental regulations differ between Bellevue, Redmond, and Sammamish? Are there any areas with particularly restrictive rules I should avoid? • What’s the current demand like for short-term rentals in these areas? • Are there any HOAs or condo buildings that are known to be more accepting of short-term rental arrangements? • What kind of ROI are people seeing on short-term rental properties in these markets? • Any recommendations on property types that work best for this dual-purpose use? I’d really value hearing from anyone who has experience with this type of investment in the Seattle area. Thanks in advance for your insights!

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Sean Smith
  • Real Estate Broker
  • Seattle, WA
97
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129
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Sean Smith
  • Real Estate Broker
  • Seattle, WA
Replied

@Kiran Asknani I'd be able to help with what you're looking for Kiran. I was a founding member of Awning.com, a short-term rental investment & mgmt company. Today I work with investors in the greater Puget Sound region to acquire & sell investment properties, STR's being one of the categories I focus on.

You have a good list of questions that would benefit from more detailed and thoughtful answers, but as a quick response off the hip:

- Bellevue, Redmond, and Sammamish all require a business license and tax reporting to operate.

- Bellevue is quite strict with restrictions on Transient Lodging (<30 day stays) in single family homes; rooms within the home may be rented however. Sammamish is the most lenient of the three.

- Zoning of the individual property (especially in Bellevue) will dictate if you are/aren't allowed to STR the property, and if so, how much of the property is rentable.

I work closely with a couple STR mgmt companies who can provide some guidance as well if that's something you'd find value in.

Best of luck!

  • Sean Smith
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