The Landlord Times - On-Site - August 2013

Page 1

Professional Publishing, Inc

www.TheLandlordTimes.com

ON-SITE

SEATTLE • TACOMA • OLYMPIA • EVERETT 17,000 PAPERS MAILED MONTHLY

TO

Vol. 22 Issue 8

August 2013

Published 22 Years

Get Social With The Landlord Times

PUGET SOUND APARTMENT OWNERS, PROPERTY MANAGERS & MAINTENANCE PERSONNEL

Published in association with: Washington Apartment Association, IREM & Washington Multifamily Housing Association

Vacancy under 5% in Pierce; Thurston and Kitsap Improve Seattle - Apartment Insights 2nd quarter results show rents climbing and vacancies declining in all three counties, according to Tom Cain of Apartment Insights. The data are from his Seattle firm’s statistics and trends on 50+ unit properties in Pierce, Kitsap and Thurston counties. VACANCY: 5.59% The market vacancy for conventional, stabilized 50+ unit properties in all three counties is 5.59%, down from 6.24% last quarter. The vacancy rate was 6.76% a year ago. The vacancy rate for all properties including those in lease-up is 6.22%, down from 6.97% in the first quarter. Continued on page 3

Tenant Survey Results Revealed re: Seattle’s Food Waste Collection In Seattle, all multi-family properties are required by law to subscribe to a food and yard waste cart and make it available to residents. Why does Seattle require yet another container? Here are several important reasons: • Food and yard waste can be turned into rich compost, and used to amend soils in gardens and landscapes. Tests show that compost results in healthy strong plants, reducing the need for pesticides or insecticides. Sending this great resource to the landfill is like throwing your vitamins and protein powder in the garbage can! • It costs the City more money to send this material by train 300 miles to the landfill in Oregon than to deliver it to the local compost facility. Continued on page 7 Professional Publishing, Inc PO Box 30327 Portland, OR 97294-3327

Current Resident or

PRSRT STD US Postage PAID Seattle, WA Permit #741

Please note any problems below and notify us at: PO Box 30327 Portland, OR 97294-3327

❑ My name was misspelled ❑ Remove my name from the On-Site mail list ❑ Change of address:

The Landis Bomb Part 1 of 2 In October of 2012 Washington State landlords were, in this attorney’s humble opinion, kicked in the teeth by the Division 1 Washington Court of Appeals. This very unwelcome dental work came in the form of the Landis case. For those interested, that is Landis & Landis Construction, LLC, an Oregon limited liability company vs Nicola Nation d/b/a Nation Management, 286 P.3d 979 (Wash.App Div. 1 2012). While this case is new enough that its impact has not yet been fleshed out in subsequent courts, it seems likely that this case will accomplish four unfortunate things from the landlord perspective and one from the tenants view. First, this case seems likely to mean that a tenant can both unilaterally cancel a rental contract without any notice to the landlord based on habitability claims. Second, it will likely minimize the need for a tenant to actually inform the landlord of any alleged habitability claims before effectively using those surprise claims as a defense of an eviction that Continued on page 4 Page 6

Chapter 27 Institute of Real Estate Management INDUSTRY INVITED TO IREM’S FALL LEADERSHIP.. Page 14

GOVERNMENT AFFAIRS – CRITICAL TO OUR MISSION Page 17 Washington Apartment Association

TOP SEVEN REASONS TO USE RENTAL PAYMENT HISTORY DATA


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
The Landlord Times - On-Site - August 2013 by Professional Publishing, Inc - Issuu