CURRENT - August 2023

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 A CLOSER LOOK COLLECTING SECURITY DEPOSITS EDUCATION + RESOURCES | 32 DOES YOUR SCREENING REPORT SEEM INCOMPLETE? SCREENING | 6 CHANGES IN SECURITY DEPOSIT ACCOUNTING SUPPORT CENTER | 11 Mid-Year Residential Leasing Recap CORY BREWER | 13 Pay or Vacate: Back to Normal? DENISE MYERS | 14 CHLOE MOSER | 9  MUST READ  A CLOSER LOOK LUKE BROWN | 18 SUSTAINABLE SOLUTIONS for Small Properties in Washington: A Route to Going Green & Saving Money. UPCOMING EVENT Membership Appreciation Picnic RegistrationNowOpen Rental Housing Association of WA P.O. Box 31103 Seattle, WA 98103 CHANGE SERVICE REQUESTED PRSRT STD US POSTAGE PAID PERMIT #13465 SEATTLE,WA August 2023 VOL. XXXVII No. 8 CURRENT A H R A W RENTAL HOUSING + INDUSTRY NEWS LINK MEETINGS AUGUST 8, 10,15, 17 UPCOMING CONNECT /RHAofWA @RHAofWA @RHA_ofWA RHAwa.org

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n Roof repairs to protect your investment

n Renovate decks to retain or draw new tenants

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2 Rental Housing Association of WA

You May Have Heard: Seattle is Facing the Threat of Rent Control

Many of our members may already be aware of the negative impact rent control will have on the rental housing market, but they may not be aware of the significant effort RHAWA has engaged in every year to prevent this destructive policy from being implemented in Washington state. Additionally, I would like to provide an update on the methods RHAWA’s Government Affairs team is utilizing in order to drive engagement and amplify the voices of small housing providers. Lastly, I would like to remind our members of how easy it is to get involved, share your experiences and make a difference in our current legislative landscape.

Before we dig into what is happening in Seattle, we should take a step back to discuss the ongoing effort RHAWA engages in to defeat rent control at the state level each year. Each year we have seen rent control (often recontextualized as “rent stabilization”) proposed in both the House and the Senate of the Washington State Legislature. In 2023, there were an unprecedented number of rent control policies

presented: six to be exact. As a response to this, RHAWA’s advocacy efforts this year had to be stronger than ever. We rallied over 100 members down to Olympia to testify against rent control policies during one of the first hearings and just two days later we were able to rally over 60 members for a different version of rent control. This effort made a huge impact on members of the legislature and was instrumental in the defeat of all six rent control bills in the 2023 Legislative Session. Regarding remote participation, the Advocacy Center proved to be invaluable during this year’s Legislative Session. Collectively, our membership sent well over 1,000 emails to their state lawmakers advocating against rent control in Washington State. Once again, this was an essential part of the fight against bad housing policy and proved to be a testament to the strength of RHAWA’s advocacy efforts.

Moving on to Seattle, the effort to introduce rent control arose just a few short months after the Council implemented an incredibly restrictive policy limiting

S A Y NO RENT CONTROL

late fees to just $10 a month. As much as I would like to tear apart this ridiculous late fee policy, I will keep this article focused on rent control. The plan to present rent control to the Renters Rights Committee was announced less than a week before the first reading was scheduled, giving housing providers and RHAWA very little time to prepare for opposing comments. However, despite this short notice, RHAWA saw some of the highest engagement we have ever seen at the local level (which I will detail further in the next paragraph). The significant engagement from our membership on this issue is a testament to how concerning rent control is but is also reflective of the rising levels of member engagement we have seen over the last year. Effective and efficient communication combined with easy-to-use systems has significantly improved the member-facing side of our advocacy efforts over the last few months. While we did see significant engagement on this issue from our membership, pro-rent control advocates came out in droves to testify in favor of this policy. While the committee did not vote on this policy after its first reading, it is likely that this policy

 Continued on page 4

CONTACT US

Accounting + Membership Administrator

Geoff Schertz: (206) 905-0606

Board Administrator

Jim Nell: jnell@RHAwa.org

Business Development Specialist

Luke Brown: (206) 905-0610

Creative Director

Sisi Mereness: (206) 905-0605

Deputy Director

Melissa Canfield: (206) 905-0615

Education + Resources Director

Denise Myers: (206) 905-0614

Event Coordinator

Chloe Moser: (206) 905-0600 | cmoser@RHAwa.org

Grassroots Organizer

Daniel Bannon: (206) 905-0609

Member Services Specialist (Resource Desk)

Sue Lewis: RHAwa.org/supportcenter

Member Services Specialist (Screening)

Val Kushi: (206) 283-0816 | screening@RHAwa.org

CONNECT WITH US

 Facebook: Like us at facebook.com/RHAofWA

 Instagram: Follow us at @RHA_ofWA

 LinkedIn: linkedin.com/company/rentalhousing-association-of-washington

 Twitter: Follow us at @RHAofWA

EXECUTIVE COMMITTEE

President Sean Flynn

Vice President Christopher Cutting

Past President

William Shadbolt

Cathy Jeney

Chris Dobler

Chris Gurdjian

Cory Brewer

Devin Easterlin

Secretary

Larry Crites

Treasurer Neil Wilson

DIRECTORS

Jason Dolloph Kaitlyn Jackson

Mark Mullally

Sharon Cunnington Synthia Melton

LEGAL COUNSEL

Christopher Benis

CURRENT | August 2023 3
Submit Educational articles featured in Current must be around 650 words, include a byline of the author, and a final paragraph with contact information. Deadline is 15 days before the print date (print date is approximately the 13th of the month proceeding the publication.) Submit to publications@RHAwa.org. Advertise For advertising information (rates, production specifications, and deadlines), visit RHAwa.org/advertise RHAWA Current is published every month by the Rental Housing Association of Washington. Copyright ©2023 RHAWA Current with all rights reserved. Reproduction or use without permission of editorial or graphic content in any manner is prohibited. All copyrights, trademarks, and servicemarks are property of their respective owners. P.O. Box 31103 Seattle, Washington, 98103. MEMBER ENGAGEMENT
CONTRIBUTE
Daniel Bannon | Grassroots Organizer |  dbannon@RHAwa.org |  (206) 905-0609 Daniel Bannon IN THIS ISSUE You May Have Heard: Seattle is Facing the Threat of Rent Control 3 Education + Events: August Calendar 5 Screening: Does Your Screening Report Seem Incomplete? 6 Industry in Motion 7 EVENT: MAP- Get Ready for a Delightful Day of Family Fun and Laughter! 9 Support Center: Changes in Security Deposit Accounting. 11 Mid-Year Residential Leasing RecapGreater Seattle Area 13 Education + Resources: Pay or Vacate: Back to normal? 14 Disparities in Cost of Living Drive Migration & Housing Demand 17 Sustainable Solutions for Small Properties in Washington: A Route to Going Green & Saving Money 18 Vendor Listings 21 Greater Seattle Rental Market Update 26 Event: 2023 – Legal Exchange Recap 29 Master, Track, or Random Keys? 31 Collecting Security Deposits 32 Are Your Washing Machine Connections Safe & Sound? 33

has already moved out of committee by the time you are reading this article, so make sure to check our Advocacy Center and blog to stay up to date on rent control in Seattle.

As I mentioned earlier, many of our members are already aware of the negative impacts of rent control. Regardless, it is helpful to highlight some of the main ways this style of policy will negatively impact our rental housing industry:

• In San Francisco, rent control caused an overall increase in rental rates which made it much more difficult for new residents to find affordable housing. In this instance, rent control proved to accelerate gentrification in the San Francisco rental market.

• Rent control decreases housing turnover and misallocates housing units. Rent control will decrease the mobility of the labor force by making tenants reluctant to move from a rent-controlled apartment. This creates an inefficient use of housing units and does not allow tenants to adjust their living situation when their work or occupancy needs change. Creating an incentive to stay in the same unit perpetually harms both individual tenants and the market as a whole.

• Rent control will result in a price gap between rent controlled and market-rate units. This will create an economic barrier where a rent controlled unit’s rent will remain stagnant. Whereas the market price of vacant units proves to increase more rapidly when compared to markets without rent control policies.

• In Cambridge, Mass., research showed the city benefitted from the removal of rent controls in the 1990s. A Harvard professor noted more supply, more maintenance/upgrades, and less crime.

• Rent control discourages new construction, causes abandonment, delays maintenance, reduces mobility, generates a mismatch between housing units and tenants, exacerbates discrimination in rental housing, encourages the conversion of rental to owner-occupied housing, and generally short-circuits the housing market.

One of the new methods that RHAWA is using to drive engagement at the

WE RALLIED OVER 100 MEMBERS DOWN TO OLYMPIA TO TESTIFY AGAINST RENT CONTROL

ONE OF

local level is the utilization of our mass email system located on our RHAWA Advocacy Center page on our website. The Advocacy Center allows our members to message their city council members with pre-written messages in just a few clicks. It is important to note

that while the pre-written message will communicate the impact of any given policy, it is always best for a member to add their own personal experience in the message in order to personalize the email for their specific council member. It is also a good idea to change the

subject line of the message, lawmakers are more likely to notice your unique email if it also has a unique subject line. This program has been utilized by RHAWA for our state-level advocacy efforts for several years now and occasionally has been used for local issues. However, this year we are ramping up the use of the platform because of how well it has worked to promote engagement on our state issues. The first use of the Advocacy Center at the local level in 2023 was to advocate in favor of Tacoma’s proposed Rental Housing Code changes and advocate against the Landlord Fairness Code Ballot Initiative which will likely be presented to Tacoma voters in the fall. This effort generated the highest engagement RHAWA has ever seen in Tacoma. Following this success, the Advocacy Center was utilized once again for the first reading of rent control in the Seattle Renters Right Committee meeting. This time, there were just under 600 total messages sent to Seattle City Council from our membership. This was an incredible turnout for just the first reading of the rent control policy and I want to take a moment to thank all of the members who tuned in to the Advocacy Center and shared their perspectives with lawmakers. The Advocacy Center will continue to be useful in our local advocacy efforts and I encourage all members to check it out if you have not already done so.

Voice your OPPOSITION of Rent Control to Seattle City Council

Council member Kshama Sawant has announced that on Friday, June 30th she will propose Rent Control to the Seattle City Council Renters Rights Committee.

As you already know, we cannot let this policy gain traction in Seattle as it will cripple the rental housing industry. Please provide public comment on Friday either In-Person or Virtually. If you are unable to provide public comment, send an email to your Seattle Council Member using the RHAWA Advocacy Center.

Since CURRENT articles are written well in advance of when they are published, I encourage you to check the RHAWA blog for an update on the progress of rent control in Seattle. It is possible that rent control will have progressed either to full Council or has already been defeated by the time you are reading this article. If this is the first time you are hearing about rent control in Seattle, check your inbox to make sure you are receiving the RHAWA Advocacy emails. If you are not seeing Advocacy emails in your inbox or junk folder, email me at dbannon@ RHAwa.org to get added to the email list. This will not be the last time we will be fighting against rent control; the 2024 Legislative Session is now less than six months away and getting familiar with our advocacy efforts prior to the beginning of Legislative Session will be beneficial.

www.rhawa.org/advocacy-center

Council
Kshama Sawant
on Friday, June 30th she will propose Rent Control to the Seattle City Council Renters Rights Committee. As you already know, we cannot let this policy gain traction in Seattle as it will cripple the rental housing industry. Please provide public comment on Friday either In-Person or Virtually. If you are unable to provide public comment, send an email to your Seattle Council Member using the RHAWA Advocacy Center.
member
has announced that
I am emailing you today to urge you to OPPOSE Rent Control in Seattle. Rent Control has failed to improve the rental housing market every time it is implemented. This policy provides a disproportionate benefit to high income tenant while harming low income tenants. Rent Control decreases housing supply by discouraging investment in housing, it forces tenants to stay in their rent controlled unit even if they desire to move and creates a disruptive price gap between rent controlled and market rate units.
4 Rental Housing Association of WA
POLICIES DURING
THE FIRST HEARINGS AND JUST TWO DAYS LATER WE WERE ABLE TO RALLY OVER 60 MEMBERS FOR A DIFFERENT VERSION OF RENT CONTROL.

EDUCATION + EVENTS

AUGUST CALENDAR

ALL CLASS SESSIONS ARE PRESENTED ONLINE ONLY UNLESS OTHERWISE SPECIFIED.

TAX DEPRECIATION RULES

When: Wednesday, August 2 | 3-4:30 pm

Cost: $30 Members | $60 Freemium Subscribers | $90 Guests

Did you know that taking depreciation is required by the IRS? Even if you do not take depreciation write offs over the years, you are required to pay tax on the allowable depreciation when you sell the property. CPA and Managing Partner of Hutchinson & Walter, Nika Toce will explain this complicated and little understood aspect of rental property taxation in this 90-minute online session. Learn when and what to depreciate, how to distinguish improvements from repairs, how to set up and manage your depreciation schedule, how to make amendments and more.

RHAWA MEMBERSHIP PREVIEW & ORIENTATION

When: Tuesday, August 8 | 1-2 pm

Cost: Free | Registration Required

Please join our team for an overview of Member Benefits and Services offered by RHAWA. Participants will receive a tour of the RHAWA website and tools and are encouraged to ask questions relating to member benefits throughout the meeting. This meeting is designed for New Members and those considering membership with RHAWA. Specific Property Management and Legal questions cannot be addressed during this meeting. Seats are limited to 25 participants and registration is required.

LINK MEETINGS

Casual member meetings with topical discussions. No fee, simply order and pay for food at restaurant venues.

• Claim Jumper, Tukwila | 1031 Exchanges

When: Tuesday, August 8, 6:30-8 pm

• Harbor Lights, Tacoma | 1031 Exchanges

When: Thursday, August 10, 6-7:30 pm

• Angelo’s of Bellevue, Bellevue | 1031 Exchanges

When: Tuesday, August 15, 6-8pm

• Bob’s Burgers, Everett | 1031 Exchanges

When: Thursday, August 17, 6:30-8pm

*Meeting time and subject may change. Please check the calendar at RHAwa.org/events.

EXPANSION OF LOCAL RENTAL LAWS

When: Wednesday, August 9 | 2-3:30 pm

Cost: $30 Members | $200 Freemium Subscribers

While Washington’s Residential Landlord Tenant Act is comprehensive and governs landlord-tenant law throughout the state, it is only enforceable through civil actions taken by landlords and tenants. Now several local jurisdictions have taken on the role of enforcer by implementing their own laws, enabling them to inflict hefty fines on housing providers. They have also crafted new laws which have spread to other cities and then up to the state level. RHAWA’s legal counsel Chris Benis will explore these trends and review recently enacted laws in Auburn, Burien, Issaquah, Kenmore, Kirkland, Olympia, Port Townsend, Redmond, SeaTac and more.

ESTATE PLANNING FOR PROPERTY INVESTORS

When: Thursday, August 17 | 2-3:30 pm

Cost: $30 Members | $60 Freemium Subscribers | $90 Guests

Understand the general concepts of Estate Planning as well as how owning investment properties can complicate your estate for your loved ones. There are taxes, partnership matters, and family issues to be considered. Whether you own one rental property or one hundred, it is important to plan for how your legacy and rental business will be dealt with after you pass away. As an estate planning attorney and second-generation rental property investor, Julie Martiniello has extensive experience helping families plan for the transition of their rental business and other assets in their estate.

REPAIRS AND TENANT RELATIONS

When: Thursday, August 24 | 3-4:30 pm

Cost: $30 Members | $60 Freemium Subscribers | $90 Guests

You want a relationship built on trust and effective communication with your tenants, whom you depend on to care for your investment. Licensed and certified residential home inspector, Lisa Lotus and co-presenter Joshua Dabling of Dabling Law will share best practices for enlisting necessary support and cooperation from your tenants to stay on top of maintenance and repairs throughout the tenancy.

MEMBER APPRECIATION PICNIC (MAP)

When: Saturday, August 26 | 11 am-2 pm

Cost: Free – Members + Families Only

Location: Seattle Farms

People like you are the reason RHAWA was formed over 90 years ago, and we appreciate your tireless efforts that continue to this day. Your contributions to our Legal Defense Fund help hire attorneys to fight for your rights at all levels of the legal system. We give you the structure, but you – our amazing members – you are standing up for yourselves and fighting for what’s right. And don’t you think that’s a cause to celebrate?

Join us for an unforgettable day of fun, food, and festivities at RHAWA's Membership Appreciation Picnic - a celebration of your hard work and dedication! Bring your family and kids for a day of games, pony rides, and a chance to feed carrots to horses and learn lassoing with the farm hands.

EVICTION LAWS AND PROCEDURES

When: Wednesday, August 30 | 2-3:30 pm

Cost: $30 Members | $200 Freemium Subscribers

Learn best practices for enforcing compliance with rental terms and managing other circumstances that require ending a tenancy. Attorneys Christopher Cutting and Eric Steven will cover: Notices and eviction procedures for rules violations, non-payment of rent, and other good causes to end tenancy and related procedures. They will also share best practices when preparing for court, and what to expect.

CURRENT | August 2023 5
 (206) 905-0614
dmyers@RHAwa.org |

Does Your Screening Report Seem Incomplete?

?

During these summer months many of us are running a higher volume of applications, but are you sure you are conducting a full screening? When you are screening a prospective tenant, it is particularly important to remember that in addition to checking their credit and background records, you should also verify tenancy and employment. These references will help you look past the credit score and can give you more insight into what type of tenant they might be.

Landlord and Employment Verifications are services and a powerful addition to any screening report. Verification gives you a better understanding of the person's character and history of responsible behavior. Verifications that are offered through RHAWA’s tenant screening services can be completed within 72 business hours depending on the company and their policies. In or-

der to provide this service, we do need a copy of your applicant’s signed rental application. Some property owners/ managers may feel that this is something they would prefer to do on their own but just don’t know what questions to ask. Here are some examples of questions that we ask when verifying tenancy:

• Did this person make timely rent payments?

• Did they maintain the residence?

• Have you ever begun eviction proceedings against this household?

• Would you rent to this person again?

Do not ask about payment of rent that was due during the COVID Moratorium between 3/1/2020 and 12/31/2021 and in Seattle, evictions that took place between 3/1/2020 and 4/31/2023. Also in Seattle, do not ask about criminal history. Finally, never discuss anything related to protected classes.

Remember that while it is a good idea to verify tenancy with the current housing provider, verifying their tenant history with the previous housing provider is even more important. A previous landlord may be a little more forthcoming about what kind of a tenant your applicant is because they are not worried about losing or getting rid of that person as they are no longer in a contract with this applicant.

When verifying an applicant’s employment, the most important information that you want to verify is how long they have been employed with the place of business and what their income is. Often, a company will verify if a person works at their place of business but will not give you further information. In this case you might ask to see some of your applicant’s most recent paycheck stubs and perhaps a letter of recommendation. Verifying em-

ployment is a good step to take at lease renewal as well. Prior to signing a new lease with an existing tenant, checking to ensure they are still employed and have the income to support another year of tenancy is a good practice.

When verifying tenancy and employment, some places will not give you any information unless they have a signed release from the applicant. You can provide them with a copy of the signed rental application. RHAWA’s rental applications are worded so that when an applicant signs the completed document, they are authorizing you to check these types of references in addition to credit and background.

For more information contact RHAWA screening department at screening@ RHAwa.org

Formal legal advice and review is recommended prior to selection and use of this information. RHAWA does not represent your selection or execution of this information as appropriate for your specific circumstance. The material contained and represented herein, although obtained from reliable sources, is not considered legal advice or to be used as a substitution for legal counsel.

6 Rental Housing Association of WA
SCREENING
Screening Department |  screening@RHAwa.org |  (206) 283-0816

Submissions are compiled and printed, depending on space available. RHAWA does not guarantee submissions will be included.

Interested in Submitting Your Announcement?

We welcome information about industry job postings, new employee and location information, and more. If you have questions, or would like to submit an item for consideration, email publications@RHAwa.org.

4
CURRENT | August 2023 7 KIDDER MATHEWS Seller Rep. Dan Swanson 8 Units Fairseas Apt. 1401 West Bertona St, Seattle 1,800,000
Industry
Motion LEE & ASSOCIATES Candice Chevaillier, Daniel Lim, Dea Sumantri, Chris Larsen 11 Units Parkrose Apt. 766 Belmont Ave. E, Seattle 3,050,000 PARAGON Michael Urquhart & Eric Smith 11 Units Parkrose Apt. 766 Belmont Ave. E, Seattle 3,050,000 KIDDER MATHEWS Seller & Buyer Rep. Dan Swanson 1 Units 5201 Sand Point Pacel NE, Seattle 1,750,000 7,275/SqFt
3 2
ANNOUNCEMENTS
in

SPONSORSHIP! ELEVATE YOUR BRAND AT RHAWA'S MEMBERSHIP APPRECIATION PICNIC!!

MEMBERSHIP APPRECIATION

X DATE August TBD

X LOCATION TBD

Elevate your brand and make a lasting impact by becoming a sponsor of RHAWA's Membership Appreciation Picnic. This exceptional opportunity allows you to enhance your visibility and establish valuable connections within the rental housing industry.

By participating in this highly anticipated event, you will have the chance to reach a diverse audience of rent-

al housing professionals, property managers, real estate investors, and service providers. Your brand will receive prominent exposure on our event webpage, promotional emails, social media channels, and even in our print media, ensuring a memorable impression. Furthermore, your company will be showcased on our picnic yard signage, captivating all attendees and increasing brand awareness among

an invested audience. Games you can sponsor include a watermelon eat ing contest, lasso roping, and giant jenga. Who wouldn't be captivated!

Don't miss out on this chance to take your brand to new heights, foster new relationships, and ultimately expand your business. Partner with us today and seize this exceptional opportunity to create a lasting impact.

This day is for our members! On a sunny weekend in late August gather your family members and join us for a fun day out. There will be food, games, and so much more for us to celebrate our number one priority: OUR MEMBERS!

X CONTACT If you have any questions, please contact Luke Brown Bannon at: (206) 905-0610 or lbrown@RHAwa.org.

 CONTACT If you have any questions, please contact Luke Brown at: (206) 905-0610 or lbrown@RHAwa.org.

SPONSOR LEVELS

Hyperlinked company acknowledgment on event webpage

187 px w x 250 px h advertisement on RHAwa.org/events

– Company provided

Hyperlinked company acknowledgment in event promotional emails

Social media recognition – Facebook & Instagram

225px w x 225 px h advertisement in email blasts sent to enitre membership list for one month

Recognition in Current newspaper

650 word vendor profile in Current newspaper and blog – Company provided

Current newspaper ad – monthly circulation: 7,000

Company provided

Company signage at the event

Company acknowledgment on event materials

Direct access to decision-makers

Sponsor ribbons for all company attendees

Exhibitor booth

Recognition at the event

Podium time to address the attendees prior to keynote

8 Rental Housing Association of WA
VENDOR OPPORTUNITIES
Badge Gift Bag Silver Gold Premier (Annual Event Sposnor)
Name Logo Logo Logo
Name Logo Logo Logo
Bi-Weekly Connections Email for Year
Run 2x Per Year
BW 1/4 Page 1x Ad 5”w x 6.2”h $420 value BW 1/2 Page 1x Ad 10.25”w x 6.2”h $645 value Color 1/3 Page 12x Ad Run 10.25”w x 4.1833”h $8,280/year value
– Company
Logo 1/4 Page Ad 4.125”w x 5.25” h Full Page Ad 8.25”w x 10.75” h
provided
Game Host Game Host Game & Happy Host
$375 2 Available $750 4 Available $1,500 4 Available $2,500 2 Available $25,000 Limited to 1
Sponsor Contribution

GET READY FOR A DELIGHTFUL DAY OF FAMILY FUN AND LAUGHTER!

MEMBERSHIP APPRECIATION PICNIC

We’re thrilled to announce that this summer the Rental Housing Association of Washington (RHAWA) is hosting a special event - our Member Appreciation Picnic . We invite you to join us for a day packed full of fun, laughter, and community spirit, at the scenic Seattle Farm . This event is our way of saying "THANK YOU" for your unwavering support and contributions, and we can't wait to see you there. Now, let's dive deeper into the details of the day and the backstory of why we're gathering.

less. However, keep in mind we've had some incredible victories already this year. Together, we've managed to strike down six potential rent control bills during legislative session. Last year, your generous contributions to our Political Action Committee (PAC) enabled us to support candidates who align with our mission across the Washington State Legislature. This year we are focusing on local city council elections.

Mark your calendars for a rip-roaring good time Saturday, August 26, and join us at the Seattle Farm in Rainier Valley. Enjoy a day of fun, friends, and family with games, food, pony rides, and more. Festivities start at 11 am and end around 2 pm. Relax, indulge in delicious fire-roasted foods, and soak up the sun!

to announce RHAWA’s Membership Appreciation Picnic on August 26, 2023. This day is all about you – your hard work, your passion, your steadfast support. We are preparing an unforgettable day at Seattle Farm, a splendid gem tucked away in Rainier Valley, south Seattle. Imagine an oasis of family fun and laughter under the Seattle sun – that's what we've got in store for you!

Make sure to register yourself and your guests so we can properly prepare for your arrival. You are encouraged to bring your immediate family, especially the kids. Your party is limited to 3 additional guests.

our Legal Defense Fund allow us to engage in legal action when lawmakers violate the rights of small housing providers. A current example of the LDF defending your rights is the ongoing fight to restore your right to screen for criminal background history in the City of Seattle. In the first court ruling on this case RHAWA was able to achieve a favorable result, however, this case is still ongoing. Make sure to check the RHAWA blog for updates on this fight! Your donations have made these wins possible, and we appreciate every member who helps us fight for your rights.

SATURDAY, AUGUST 26, 11 AM - 2 PM

THE SEATTLE FARM

We live in challenging times for small housing providers, where the political landscape can occasionally feel hope-

Helping elect lawmakers who truly understand and support our industry at the local level is crucial top defending your rights as a small housing provider. Additionally, your contributions to

To show our gratitude, we're thrilled

Kick-off is at 11 am, and we’ll be wrapping things up around 2 pm. Expect to immerse yourself in games,

 Continued on page 12

EVENT
|  (206) 905-0600
Chloe Moser | Event Coordinator |  cmoser@RHAwa.org
Chloe Moser

EDUCATE YOURSELVES

Harness the power of knowledge and stay ahead of the curve with the Rental Housing Association of Washington’s (RHAWA) Manufactured Housing Class (MHC), tentatively slated for November 2nd. This course unravels the intricate legislative changes affecting the manufactured housing sector over recent years. Be at the forefront of understanding, adapting to, and steering these shifts to your advantage in the manufactured housing landscape. Plus, if you know someone who isn’t a member yet, they can still join the class. Don’t miss the opportunity to secure your strategic edge - sign up now and spread the word! https://www.rhawa.org/mhcclass

10 Rental Housing Association of WA MANUFACTURED HOUSING COMMUNITY OWNERS
Contact: LUKE BROWN | lbrown@RHAwa.org | (206) 905-0610 PACIFIC NORTHWEST MULTIFAMILY | PRIVATE CAPITAL GROUP Concordia Arms | Tacoma, WA $6,650,000 | 50 Units Sunset Vista | Seattle, WA $5,500,000 | 22 Units SOLD SOLD Spencer Clark First Vice President +1 (206) 442 2764 spencer.clark@cbre.com Peter Wright Vice President +1 (206) 442 2735 peter.wright@cbre.com Reed Hunter Vice President +1 (206) 442 2713 reed.hunter@cbre.com Beau Meitl Associate +1 (206) 442 2765 beau.meitl@cbre.com John Joyce Associate +1 (206) 442 2754 john.joyce@cbre.com Contact Our Private Capital Experts For: Connect With The Team: » INDIVIDUAL PROPERTY ANALYSIS » BROKER OPINION OF VALUE » MARKET ANALYSIS » DISPOSITION/ACQUISITION ADVISORY & OPPORTUNITIES

Changes in Security Deposit Accounting

Thanks to the hard work of RHAWA’s advocacy team and many others, there is really only one bill, HB 1074 that created significant change for housing providers this year. Related RHAWA forms were reviewed and revised prior to the effective date, July 23, 2023 including all four Lease versions, the Property Condition Checklist, the Deposit Refund Statement, and the Move Out Instructions.

Following is a summary of the changes in the law:

1. The term “normal wear and tear” is replaced by “wear resulting from ordinary use” which will be defined in the code RCW 59.18.030(39): “Wear resulting from ordinary use of the premises" means deterioration that results from the intended

use of a dwelling unit, including breakage or malfunction due to age or deteriorated condition. Such wear does not include deterioration that results from negligence, carelessness, accident, or abuse of the premises, fixtures, equipment, appliances, or furnishings by the tenant, immediate family member, occupant, or guest."

2. Maximum time for landlord to mail deposit accounting statement is extended from 21 days to 30 days after move-out.

3. Documentation (invoices, receipts, estimates, etc.) of all repair and cleaning costs deducted from the deposit must be attached to the refund statement.

4. No portion of any deposit may be withheld for carpet cleaning without documentation of condition that is beyond wear resulting from ordinary use of the premises.

5. Charges for repairs on items where condition was not reasonably documented on the move-in checklist are prohibited.

6. For leases beginning on or after July 23, 2023, there will be a three-year statute of limitations to recover damage sums exceeding the security deposit.

All the above changes except for number 6 apply to all existing and future tenancies as of July 23, 2023.

See the full language of the signed bill, HB 1074 at https://lawfilesext. leg.wa.gov/biennium/2023-24/Pdf/ Bills/Session%20Laws/House/1074-S. SL.pdf?q=20230620162743.

Formal legal advice and review is recommended prior to selection and use of this information. RHAWA does not represent your selection or execution of this information as appropriate for your specific circumstance. The material contained and represented herein, although obtained from reliable sources, is not considered legal advice or to be used as a substitution for legal counsel.

CURRENT | August 2023 11
Denise Myers
Denise Myers | Education + Resources Director |  dmyers@RHAwa.org |  (206) 905-0614 SUPPORT CENTER

Get Ready for a Delightful Day of Family Fun and Laughter!

mouth-watering fire-roasted foods, pony rides, and much more. The Farm's enchanting horses are a sight to behold, and you'll have a chance to feed them some carrots – an experience your family is sure to remember. Speaking of families, we've made sure there's something for everyone. Your kids can learn to lasso under the watchful eyes of the farm hands, engaging in an activity that's both fun and educational. We promise you a day filled with endless laughter and joy, a welcome break from the day-today challenges.

The Seattle Farm is a charming working farm, so come prepared to enjoy its authentic beauty. Remember, this is an agritourism event, which means we are guests in the farm's regular operations. We must respect the farm and its residents, human and animal alike. Smoking will only be permitted in designated areas, and for the safety and enjoyment of all, certain items and activities are prohibited, including but not limited to drugs, hard alcohol, drones, helium balloons, confetti, and glitter.

Let’s come together, relax, celebrate, and appreciate one another. We are more than an association – we're a family. You have stood with us in the toughest of times, and we want to thank you in the best way we know how – by creating a day full of fun and laughter that you and your family will remember for years to come.

operating rental

Our event will take place at the Seattle Farm, located at 4506 S Bond St, Seattle, WA 98118. For those familiar with the area, it's across the street from the Kubota Gardens, conveniently accessible just off I-5. As you approach, keep an eye out for our cheerful RHAWA signs to guide your way. The farm has arranged for ample parking, and our wonderful volunteers will be onhand to assist with parking, so you can start your day stress-free.

To keep everyone safe and comfortable, we ask that all guests please wear closed-toe shoes. We love our furry friends, but on this special occasion, we kindly request that you leave your pups at home. After all, we'll have plenty of animal interaction on the farm.

So, mark your calendars for Saturday, August 26, 2023. We can't wait to celebrate with you at our Membership Appreciation Picnic! Here's to a fantastic day full of memorable moments. Thank you, RHAWA members, for being our driving force and our inspiration.

Need additional assistance? Don't worry! You can submit your questions to Support Center staff with just the click of a button.

New members can now download our free guidebook to all RHAWA member benefits and services at RHAwa.org/companion.pdf

July Issue CROSSWORD SOLUTION 12 Rental Housing Association of WA
 Continued from page 9
SEEKING ANSWERS
RHAWA has made it easy for members to find answers to their most pressing property management questions. Stop by RHAwa.org/support-center to access our growing library of articles on fair housing, landlord-tenant laws and
TO YOUR QUESTIONS?
best practices for
housing in Washington State.

Mid-Year Residential Leasing Recap –Greater Seattle Area

Greetings and happy summer!

Let’s take a look at the leasing trends that took place throughout the King, Pierce, and Snohomish County housing markets during the first six months of 2023. Note that these statistics are gathered from the NWMLS (Northwest Multiple Listing Service) and largely include single-family homes and condominium units. In other words, very few apartment units are included in this data.

We’ll start with pricing, a category within which the results are about as to be expected. From the mid-point of 2022 to the mid-point of 2023, rents across the board have ticked up 2.1%. These numbers represent the overall totals, and of course when looking at any specific area or neighborhood they will vary. Single-Family rents in Seat-

tle are up 4.9% compared to the mid-point last year, whereas Single-Family rents on the Eastside are actually down 0.6% (normalizing a bit after a dramatic 14.9% increase the previous year). Looking back to pre-pandemic 2019 mid-year numbers, rents across the board are up 24.7% throughout King, Pierce, and Snohomish Counties.

While the rental pricing numbers have remained relatively stable so far this year, the same cannot be said for market timing. The absorption rate can be measured by Days On Market (DOM), or in other words how long a home is on the market before it is leased. The market has slowed considerably - by 38.5% to be exact - in this regard compared to mid-2022. Interestingly, the

sub-markets where it didn’t slow down as much (Pierce and Snohomish Single-Family) were the same geographical areas where it slowed down the most dramatically (Pierce and Snohomish Condo/Multi-Family).

This presents an interesting mix … the absorption rate, some might say the demand, is slowing down yet pricing continues to trend upward: How can this be? There has been so much in the news about tech companies eliminating jobs in the Seattle area: How can this be? This author has two theories, and I’ll get into some detail on each.

First, population growth. My last article in the CURRENT discussed how we are still seeing people regularly move to Greater Seattle Area from all around the rest of the country for new

jobs in the tech industry. The Seattle Times recently published two separate articles about population growth in Seattle, both of which reported gains of a little more than 2% annually looking back to 2021. By contrast, “peer” west coast cities like Portland and San Francisco have seen a net loss in population since 2020.

Second, rental housing inventory. When mortgage interest rates started rising in Spring 2022, the effects on the home sales market were dramatic. To make a long story short, a number of would-be sellers missed the boat and during the second half of the year took their homes off the sale market and turned to the rental market instead.

SNOHOMISH KING PIERCE CURRENT | August 2023 13  Continued on page 15
Cory Brewer

Pay or Vacate: Back to Normal?

RCW 59.18.660 expired on July 1, 2023. Under WA State law, Housing Providers are no longer required to serve the Eviction Resolution Pilot Program (ERPP) Notice, receive a Certificate of Compliance from the local Dispute Resolution Center, or work with the local Dispute Resolution Center in mediation before enforcing a pay or vacate notice or attempting to evict tenants due to unpaid rent.

Now that Eviction Resolution Pilot Program (ERPP) and payment plan requirements have ended, the process for responding to late rent should be fairly simple. Keep in mind, each county court may implement their own procedures, so it is important to work closely with your attorney.

STEP 1: Send an Invoice/Reminder

It is a best practice to communicate with the tenant to confirm there is a problem with paying rent before proceeding with service of notices. It is often a simple case of forgetfulness, miscommunication with a roommate, etc. and they can pay you immediately. In other cases, a tenant may approach you and ask for a short extension or payment plan. Many housing providers have a policy to fairly handle incidental issues that still allows for more stringent enforcement with repeated late payments. Always document installment plan or late payment agreements in writing.

STEP 2: Charge a Late Fee

Set late fee policies in Section 2 of the RHAWA Leasing and Agreement forms. While there are no specific state laws that regulate what landlords can charge for late fees, it is a good idea to keep in mind what a court would find appropriate. A late charge can be based on a percentage of the rent (better used for lower rents), a flat fee, or a per-day late fee that accrues. However, fees exceeding 10% of rent in any given month are almost always considered excessive.

Several local governments regulate late fee amounts as follows:

• Auburn, Burien and Seattle: Late rent fees may not exceed $10 each month. Please note, the Seattle Covid Late Fee ban does not end until 10/31/2023.

• Kenmore, King County (unincorporated), Redmond: Late rent fees may not exceed 1.5% of monthly rent.

• SeaTac: Late rent fees may not exceed 2% of monthly rent.

RCW 59.18.170 prohibits housing providers from charging late fees until the rent is more than five days past due. If the late fee policy is on a per-day basis, the housing provider may charge fees for all days past due.

For example, if rent is due on May 1, you may not charge late fees until May 7, at which time you may charge for all 6 days past due.

Late fees may not be included on a Pay or Vacate Notice… only rent. Comply or Vacate notice cannot include payments to the landlord of any kind. Therefore, lake of payment of late fees will not be part of any eviction proceeding.

STEP 3: Contact Your Attorney

In this transitional time from Covid-era restrictions, each county court may be following slightly different procedures. Some courts may still require offering of a payment plan prior to serving pay or vacate notice. It is important to speak to your attorney for advice before serving a pay or vacate notice.

14 Rental Housing Association of WA EDUCTION + RESOURCES
Denise
|
|  dmyers@RHAwa.org |  (206) 905-0614
Myers
Education + Resources Director
May 1 Rent Due May 3 2 Days Late May 5 4 Days Late May 7 Can Charge Fees for 6 Days Past Due May 2 1 Day Late May 4 3 Days Late May 6 5 Days Late
Denise Myers

STEP 4: Serve Pay or Vacate Notice on the Tenant

Set a standard internal policy for how many days late a tenant can be before you issue 14-day-pay-or-vacate notice for overdue rent. Be consistent to avoid any appearance of bias that may lead to a Fair Housing complaint. Properly serve the appropriate Pay or Vacate Notice on the tenant(s) based on the location of the property, and whether or not the property is supported by any federal programs including Housing Choice Voucher Program or a federally backed mortgage loan (e.g., Fanny Mae or Freddy Mac). Carefully follow the service instructions provided and retain the declaration of service as proof of proper service.

STEP 5: Accept Rent Payment, Get Ready for Turnover or Get Ready for Court

Your next step depends on how your tenant responds within the 14-day or 30-day period allotted. They might pay. They might move out. They may come to you with another proposal. Or, they might not respond at all. If this is the case, your next step is to work with your attorney to file an unlawful detainer action and get ready for eviction court.

School

• Winter Eviction Ban (Ordinance 126041): creates a defense to eviction that would result in them having to vacate the housing unit between December 1 through February 28 each year.

• School Year Eviction Ban (Ordinance 126369): creates a defense to eviction for anyone in school, with children in school, or working at a school that would result in them having to vacate the housing unit during the City of Seattle Public school year, generally the beginning of September through mid-June.

 Continued from page 13

Mid-Year Residential Leasing Recap – Greater Seattle Area

With more homes to choose from, the absorption rate slowed – even while rental values remained stable. The agents at our firm have been talking a lot recently about how this is pushing back our typical “frenzied” spring leasing market to later in the summer, as we do not expect another wave of new rental housing inventory like we received last year.

Prediction: Rental inventory will start to tighten again, as the sales market has had time to adjust to mortgage rates in the 6% range, and market times will start to speed up again.

One of the interesting sidebars to the population growth article from the Seattle Times (5/18/2023), in my opinion, is the part about how Seattle and Bellevue both grew in population from July 2021 to July 2022 while the rest of King County collectively lost pop-

ulation (slightly). This speaks to a rebound effect emerging in the post-pandemic era. There was a very clear trend in 2020 of people moving out of the big city (for various pandemic-related reasons that have been well documented), but now that many companies are requiring employees to return to the office, the population seems to be heading back toward the traditional employment centers. That’s not to say people aren’t still looking for housing in secondary markets. The follow up article in the Seattle Times (7/5/2023) went on to report that all cities within King County, except for the city of SeaTac, did see population gain from April 2022 to April 2023, and cities such as Lynnwood (Snohomish Co.) and Black Diamond (King Co.), remain popular.

What happens in courts across the state is anyone’s guess, although we assume evictions will take longer than pre-Covid. We cannot stress enough the importance of working with an attorney who is experienced with evictions in the county where the property is located.

Formal legal advice and review is recommended prior to selection and use of this information. RHAWA does not represent your selection or execution of this information as appropriate for your specific circumstance. The material contained and represented herein, although obtained from reliable sources, is not considered legal advice or to be used as a substitution for legal counsel.

CURRENT | August 2023 15
Seattle's Winter and
Year eviction bans limit the majority of physical evictions by the Sheriff to occur during Summer.

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16 Rental Housing Association of WA
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Disparities in Cost of Living Drive Migration & Housing Demand

driving these costs include high taxes, regulatory burdens, zoning, and a “weather tax” that many people are eschewing in favor of jobs and affordability.

Of course, it is possible to find very low cost of living in some Midwest markets, but cheaper living may come at the cost of lower employment prospects, economic stagnation or simply a lower quality of life. If only there was a region of the United States where living expenses were lower, but the overall trends for population growth and job growth were positive…

The Southeast boasts some of the fastest-growing communities in the country, with diverse economies, landlord-friendly laws, lower taxes, and some less burdensome regulations. Businesses—and employees—are moving to the Southeast from around the nation, drawn by a growing talent pool and a pro-business environment.

Demographics is a common theme of our articles and posts. Migration and household employment/income, we believe, are among the top considerations for identifying target investment markets. All things being equal, cities with greater forecasted population growth and disposable income represent a potentially better opportunity for buying rental housing or self-storage real estate, for example.

ApartmentList.com has a great online tool for comparing the cost of living in numerous major markets.

[1] For each metro area, the tool lists the overall average cost, including six sub-categories of living costs: Housing, Utilities, Transportation, Health Care, Groceries and Misc. Goods & Services. In most instances, it was the cost of Housing that pushed outlier cities into the far end of the spectrum. San Francisco has the highest overall cost of living (83% above average), with an astronomical cost of housing at 208% above the norm!

Having grown up in Northern California, I continue to marvel at the insane

cost of owning a small post-WWII track home in a nondescript suburb on the SF Peninsula. This state of affairs may suit the elite group of tech titans in Silicon Valley, but such a high cost of living is not sustainable for the general population. Exodus is inevitable, and property values will suffer. SVB Bank may be a small symptom of a much greater condition facing the Bay Area.

Indeed, the major markets up and down the West Coast all exceed the U.S. national average cost of living. While local conditions vary, the common theme

Unlike Seattle or San Francisco or New York, it is not as necessary for six roommates to rent a two-bedroom apartment in, say, Huntsville. And regardless of the city, the skyrocketing cost of a mortgage has put homeownership further out of reach for many young adults. In many cases, we believe the next best option is a class-A apartment community that remains affordable—at least in the Southeast.

For more information about tax-advantaged real estate replacement properties, please call 1031 Capital Solutions at 1 (800) 445-5908 or visit our website, 1031capitalsolutions.com.

Because investor situations and objectives vary this information is not intended to indicate that an investment is appropriate for or is being recommended to any individual investor. This is for informational purposes only, does not constitute investment advice, and is not legal or tax advice. Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. Please consult the appropriate professional regarding your individual circumstance. There are material risks associated with investing in real estate including illiquidity, general market conditions, interest rate risks, financing risks, potentially adverse tax consequences, general economic risks, development risks, and potential loss of the entire investment principal. The views of this material are those solely of the author and do not necessarily represent the views of their affiliates. The data contained in this material was obtained from third-party sources believed to be reliable; however, 1031 Capital Solutions, CIS, and CAM do not guarantee the accuracy of the information. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC-registered investment adviser. 1031 Capital Solutions is independent of CIS and CAM.

[1] Q3 2022 data from the Council for Community and Economic Research and published by ApartmentList.com – https://www.apartmentlist.com/research/cost-of-living-disparities-mostly-come-down-to-housing

CURRENT | August 2023 17

Sustainable Solutions for Small Properties in Washington: A Route to GOING GREEN & SAVING MONEY

Uniquely encompassing vibrant urban life and tranquil natural landscapes, Washington state serves as an idyllic setting for a GREEN revolution in housing, especially for small properties. These environmental innovations are not only money-savers for property owners but are also key players in combating ecological degradation.

So, how can the owners of small properties in Washington make their homes GREENER and their wallets thicker? Let's explore the array of sustainable opportunities at both the state and federal levels.

Energy Efficiency:

Increasing energy efficiency is one of the simplest and most effective ways to enhance the sustainability of a property. The new federal energy efficiency credits, available through 2032, offer up to $3,200 annually to homeowners who upgrade their homes with energy-efficient alternatives. These credits can offset up to 30 percent of the cost of improvements like installing heat pumps, heat pump water heaters, insulation, doors and windows, as well as electrical panel upgrades and home energy audits. Beyond reducing a property's environmental footprint,

these changes also lead to substantial savings on utility bills in the long term, keeping more money in your pocket while contributing to a more sustainable world. For more information, visit energystar.gov.

Solar Power: Harnessing the power of the sun is a popular and increasingly viable route to sustainability. Small property owners in Washington state can avail themselves of the federal Solar Investment Tax Credit (ITC), which allows property owners to deduct a portion of

their solar costs from their federal taxes. Although solar panels can be a significant initial investment, the ITC, combined with the long-term savings on electricity costs, makes solar power a shrewd choice. Furthermore, solar panels can significantly increase property value, an enticing feature for future environmentally-minded tenants or buyers.

Water Conservation:

The incorporation of water-efficient appliances and fixtures such as lowflow showerheads, faucet aerators,

18 Rental Housing Association of WA
Luke Brown
Luke Brown | Business Development Specialist |  lbrown@RHAwa.org |  (206) 905-0610

dual-flush toilets, and water-efficient washing machines can dramatically decrease water usage without compromising utility or comfort. Beyond generating savings on water bills, property owners in Seattle may be eligible for rebates through the Seattle Public Utilities' Saving Water Partnership. This program supports and encourages the use of water-efficient fixtures and appliances and provides resources to aid in detecting and repairing leaks. By adopting these water-saving techniques, you're not only reducing your environmental impact but also saving a pretty penny on utility bills.

Sustainable

Landscaping:

Landscaping with native plants and efficient irrigation systems can significantly reduce water usage, boost local biodiversity, and

trim maintenance costs. While Seattle's RainWise offer has now concluded, property owners should be on the lookout for similar future programs that incentivize the installation of rain gardens or cisterns, thereby reducing stormwater pollution.

Green Building

Materials: If renovations or new builds are on your horizon, the federal insulation tax credit can provide a significant financial boost. This credit covers 30% of the project cost, up to a $1,200 maximum. Available for installations from January 1, 2023, to December 31, 2032, the credit applies to a broad range of insulation products and air-sealing products. Choosing this eco-conscious option can lead to potential energy savings and a smaller carbon footprint. Visit energystar.gov for more information.

Composting and Recycling:

Establishing composting and recycling facilities can drastically cut down the volume of waste that ends up in landfills. In cities like Seattle, composting is not only a green option; it's a legal requirement. By promoting waste separation among tenants, property owners can potentially trim their waste management costs.

The incorporation of green clauses into lease agreements can encourage tenants to align with your property's sustainability objectives. Such clauses could cover energy efficiency, water conservation, and recycling. This strategy doesn't just foster a more eco-friendly living environment—it can also curb costs for both tenants and property owners.

To sum it up, the adoption of sustain-

able housing practices offers more than just environmental benefits. They can also translate into financial gains, thanks to lower utility bills, attractive rebates and incentives, and increased property values. With its plethora of green programs and incentives, Washington state provides the perfect backdrop for small property owners to join the sustainability movement. Remember, even the smallest step towards sustainability can create a ripple effect of positive global impact. So, why not set off on your green journey today?

CURRENT | August 2023 19
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VENDOR LISTINGS

We encourage you to consider the vendors found within these listings for your rental business needs. When seeking competitive bids, be sure to mention your RHAWA membership as many offer member discounts. RHAWA does not specifically endorse any business listed herein. References are always recommended. If you would like to submit a customer testimonial for our records, please submit to publications@RHAwa.org. Please note that changes made to a vendor member profile will not be reflected in the CURRENT Vendor Listings unless the change is also sent to publications@RHAwa.org.

ACCOUNTING | BOOKKEEPING

Brink & Sadler (253) 582-4700 | brinkandsadler.com

Hutchinson & Walter, PLLC (425) 455-1620 | hutchcpa.com

ADVERTISING | VACANCY LISTINGS

Pacific Publishing Co. | Print + Internet (206) 461-1322 pacificpublishingcompany.com

Seattle Rental Group | Property Management (206)315-4628 | www.seattlerentalgroup.com

AIR CONDITIONING

Alpine Ductless, LLC (360) 529-7567 | alpineductless.com

Fischer Heating and Air (206) 783-1190 | fischerheating.com

AIR QUALITY

Envirotest | Mold, Air Quality Analysis, Inspections

Donald B. Kronenberg (206) 877-3191 seattlemoldandairquality.com

APARTMENT SUPPLIES

Greenwood True Value Hardware (206) 783-2900 | greenwoodhardware.com

ASSOCIATIONS – REAL ESTATE

Brink Property Management

Dean Foggitt (425) 458-4848 | brinkpm.com

ATTORNEYS

Access Evictions

Travis Eller (425) 641-8010 | accessevictions.com

Christopher T. Benis, Attorney at Law

First Avenue Law Group, PLLC

Vendor of the Year 2006

(206) 447-1900 | firstavenuelaw.com

Demco Law Firm, P.S.

(206) 203-6000 | demcolaw.com

Dimension Law Group PLLC

Synthia Melton (206) 973-3500 | dimensionlaw.com

Flynn and Associates, PLLC

Sean Flynn (206) 330-0608 | theflynnfirm.com

Glasson Legal (206) 627-0528 | glassonlegal.com

Gourley Law Group / The Exchange Connection

(360) 568-5065 | gourleylawgroup.com

Holmquist & Gardiner, PLLC

(206) 438-9083 | lawhg.net

Jeffery Bennett (503) 255-8795

Law Office Of Shaun Watchie Perry (206)729-7442 | swp-law.com

Ledger Square Law (253) 327-1701 | ledgersquarelaw.com

Ling & Liang PLLC (206)462-2884 | ling-liang.com

LT Services (206) 241-1550 | ltservices.net

Loeffler Law Group, PLLC (206) 443-8678 | loefflerlawgroup.com

Maxwell Glasson (206) 627-0528 | loefflerlawgroup.com

Micheal D Mclaughlin, Attorney at Law (253) 686-9786

Reed Longyear Malnati & Ahrens, PLLC (206)624-6271 | www.reedlongyearlaw.com

Seattle Real Estate Law Group (206) 623-4846 | seattlerealestatelawgroup.com

BANKS

Eastside Funding (425) 230-0000 | eastsidefunding.com

First Federal Savings and Loan (206) 586-1701 | ourfirstfed.com

First Financial Northwest Bank

Tom Jarzynka (425) 264-2757 | ffnwb.com

Homebridge Financial (206) 915-3742 | homebridge.com

Luther Burbank Savings Bank

Tiana Jackson: (425) 739-0023 lutherburbanksavings.com

Pacific Crest Savings Bank

Scott Gibson (425) 670-9600 | (800) 335-4126 paccrest.com

BUILDING REPAIR | REMODEL

+1 Construction (206) 313-6587 | plusoneconstruction.com

Bellan Group, LLC

Susan Bellan (206) 383-0102 | bellan.com

Construction Expeditors, LLC

(206) 595-8852 | (877) 644-1700

constructionexpeditors.com

CARPORTS

Carports of Washington Inc (360)897-1200 | carportsofwashington.com

CATCH BASIN + STORM DRAIN

G & L Vactor Services LLC (425) 881-0911

CHIMNEY CLEANING | REPAIR (MASONRY)

The Chimney Specialists, Inc. Pierce Co.: (253) 475-0399 | (888) 979-3377

Seattle: (206) 782-0151 | (888) 979-3377

So. King Co.: (253) 833-0144 | (888) 979-3377 thechimneyspecialists.com

Masonry Restoration Consulting (425) 344-3893 masonryrestorationconsulting.com

CLEANING

Fischer Restoration

(888) 345-2532 | fischerrestore.com

Flippers Warehouse

(206) 656-3222 | flipperswarehouse.com

Haynes Contracting LLC

(253) 335-7905 | haynescontractingllc.com

Interland Design

Jake Cervilla

(425) 290-9639 | interlanddesign.com

CleanSpace Cleaning Services (206) 462-3200 | cleanspace2day.com

Genesee Carpet Cleaning (206) 569-5573 | genesseecarpetcleaning.com

COLLECTIONS

Puget Sound Collections

Umpqua Bank | Multifamily Lending

Matt Couch (425) 602-1250 | umpquacrelending.com

Washington Federal

Vendor of the Year | 2015

Tim Marymee: (206) 777-8213 | (800) 324-9375 washingtonfederal.com

BATHTUB + SHOWER RENOVATION

Fischer Restoration (888) 345-2532 | fischerrestore.com

Flippers Warehouse (206) 656-3222 | flipperswarehouse.com

Tub Cove Inc. New Tubs, Surrounds and Bathroom Plumbing (206) 522-1711 | tubcove.com

BED BUG DETECTION

NWK9 Bed Bug Detectives (206) 801-3522 | nwk9bedbugdetectives.com

BLIND CLEANING + REPAIR

Shine a Blind

On-Site Ultrasonic Mini-Blind Cleaning + Repair (425) 771-7799 | shineablind.net

BUILDING INSPECTORS

Ideal Inspection Services LLC RRIO Certified + Licensed Inspector (206) 930-0264 | idealinspectionservice.com

Kanso Homes, Inc.

(206) 278-3403 | kansohomes.com

Maintco

(425) 822-5505 | maintcogc.com

Masonry Restoration Consulting (425) 344-3893 masonryrestorationconsulting.com

Garrett Michaud (206) 728-5000 | pugetsoundcollections.com

COMMERCIAL REAL ESTATE

Capstone Commercial Real Estate Advisors

John Downing (206) 324-9427 | capstonerea.com

CBRE - PNW Multifamily | Private Capital Group (206)292-1600 | www.cbre.com

Straight Street Building / Home Inspection

John Leon Gonzalez (206) 999-1234 | hi@homeinspect.ws

BUILDING MATERIALS

Dunn Lumber | Doors, Windows + Lumber (206) 632-2129 | (800) 248-3866 dunnlum.com

Next Level Property Maintenance

(206) 922-8119 | nxtlevelpm.com

Pro Realty Options, Inc.

(425) 745-2400 | prorealtyoptions.com

Rife Masonry

Chad Rife: (206) 696-6998 | rifemasonry.com

T.E. Kelly Company, LLC

Tim Kelly: (206) 240-1950

The Wall Doctor, Inc.

Gary Borracchini (425) 822-8121 | thewalldoctor.com

Top-Rung Construction LLC

Gary Gilmer (253) 893-1101 | fieldsroofservice.com

CARBON MONOXIDE + SMOKE DETECTION

Envirotest | Mold & Air Quality Analysis

Donald B. Kronenberg (206) 877-3191 | seattlemoldandairquality.com

Greenwood True Value Hardware | Detectors (206) 783-2900 | greenwoodhardware.com

Pacific Northwest Locksmith | Detectors (206) 531-0411 | pnwlocksmith.com

CARPET CLEANING

Extreme Steam Carpet Cleaning – 24/7 Water Extraction (425) 330-9328 | extremesteamcc.com

Genesee Carpet Cleaning (206) 569-5573 | genesseecarpetcleaning.com

Colliers International (206) 223-1428 | colliers.com/seattle

CPX LLC

(866) 405-1435 | cpxone.com

DVF Legacy Investments (206) 650-6113 | pugetsoundinvesting.com

First Federal Savings and Loan (206) 586-1701 | ourfirstfed.com

HFO Investment Real Estate (971) 717-6337 | hfore.co

Icon Real Estate Services Inc.

Jeremiah Roberson

(425) 633-3330 | iconre.org

Kidder Mathews

Dylan Simon: (206) 414-8575

Jerrid Anderson: (206) 499-8191

DylanSimon.com

Foundation Group, LLC (206) 324-7622 | foundationgroupre.com

CURRENT | August 2023 21

COMMERCIAL REAL ESTATE

Lee & Associates

Multifamily Team

Candice Chevaillier

(206) 284-1000 | lee-nw.com

VENDOR LISTINGS

Paragon Real Estate Advisors, Inc.

Vendor of the Year | 2016

(206) 623-8880 | (800) 643-9871

paragonrea.com

Pilot Ventures LLC

Jason Kono (206) 566-6600 | pilotnw.com

Prospector Property Management (206) 508-6366

prospectorpropertymanagement.com

Westlake Associates

(206) 505-9400 | westlakeassociates.com

Windermere Real Estate Commercial

Therasa Alston | (206) 650-4777

COMMERCIAL REINVESTMENTS + FINANCIAL SERVICES

1031 Capital Solutions

(800) 445-5908 | 1031capitalsolutions.com

First Federal Savings and Loan (206) 586-1701 | ourfirstfed.com

CONSULTING

Alliance Flooring Services (253) 850-1288 | allianceflooring.com

Real Estate Transition Solutions Exchange - 1031 Real Estate (206) 502-4862 | www.re-transition.com/rhawa

Redside Partners, LLC

Craig Swanson (206) 323-1771 | redsidepartners.com

CONSTRUCTION + DEMOLITION

Haynes Contracting LLC

(253) 335-7905 | haynescontractingllc.com

CONTRACTORS

+1 Construction

(206) 313-6587 | plusoneconstruction.com

A&A Electric

(206) 212-1888 | anaelectric.com

ABC Towing, Inc.

Seattle: (206) 682-2869

Tukwila: (206) 767-4024

abc4atow.com

Bellan Group, LLC

Susan Bellan

(206) 383-0102 | bellan.com

Bravo Roofing, Inc.

GoldStar Vendor + Vendor of the Year | 2014

John Paust, Estimator: (206) 948-5280

(253) 335-4825 | (360) 886-2193 john@bravoroofs.com bravoroofs.com

Construction Expeditors, LLC

(206) 595-8852 | constructionexpeditors.com

CONTRACTORS

Diamond Roofers, LLP

Flat & Low Slope

(206) 202-7770 | diamondroofers.com

ER Flooring

(360) 402-9566 | erflooring.com

First Choice Remodeling, Inc.

(253) 846-9000 | firstchoiceremodelinginc.com

Global Paving LLC

(253) 286-7943 | globalpavingllc.com

Masonry Restoration Consulting

(425) 344-3893 masonryrestorationconsulting.com

Maintco

(425) 822-5505 | maintcogc.com

Pioneer Masonry Restoration Co.

(206) 782-4331 pioneermasonry.com

Reinhart Electric & Service

(425) 251-5201 reinhartelectric.net

T.E. Kelly Company LLC

Tim Kelly: (206) 240-1950

CRIMINAL BACKGROUND CHECKS

Rental Housing Association of Washington

Chartrice Young (206) 283-0816 | RHAwa.org

DECKS

Dunn Lumber | Doors, Windows & Lumber (206) 632-2129 | dunnlum.com

DEVELOPERS

Affinity Real Estate Management

(206) 812-9155 affinityrem.com

Pacific Crest Real Estate (206) 812-9155 pacificcrestre.com

DOORS

SRC Windows (253) 565-2488 | srcwindows.com

DRAIN CLEANING

Best Plumbing Group

(206) 633-1700 | (425) 771-1114 bestplumbing.com

Day & Nite Plumbing & Heating Inc.

Vendor of the Year | 2020

(425) 775-6464 (800) 972-7000 dayandnite.net

Fischer Plumbing, Inc.

(206) 783-4129 | fischerplumbing.com

The Pipe Guys (253) 537-2830 | pipeguys.com

DRYER VENT + DUCT CLEANING

The Chimney Specialists, Inc. | Dryer Vent Only

Seattle: (206) 782-0151 | (888) 979-3377

So. King Co.: (253) 833-0144 | (888) 979-3377

Pierce Co.: (253) 475-0399 | (888) 979-3377 thechimneyspecialists.com

VentMasters | (206) 362-5190 | ventmasters.net

DRYWALL

The Wall Doctor, Inc.

Gary Borracchini

(425) 822-8121 | thewalldoctor.com

EDUCATION – REAL ESTATE

Rental Housing Association of Washington

Denise Myers | (206) 283-0816 | RHAwa.org

ELECTRICAL MAINTENANCE + REPAIR

A&A Electric

(206) 212-1888 | anaelectric.com

Alpine Ductless, LLC (360) 529-7567 | alpineductless.com

Capstone Solar

(206) 580-3448 | capstonesolar.com

Reinhart Electric & Service (425) 251-5201 reinhartelectric.net

EMPLOYMENT SCREENING

Rental Housing Association of Washington (206) 283-0816 | RHAwa.org

ENERGY CONSERVATION + WEATHERIZATION

Capstone Solar (206) 580-3448 | capstonesolar.com

Energy Benchmarking Services

Michael Jones (206) 245-8737 | EnergyBenchmarkingServices.com

SRC Windows (253) 565-2488 | srcwindows.com

ESTATE PLANNING

Dimension Law Group PLLC

Synthia Melton (206) 973-3500 | dimensionlaw.com

Flynn and Associates, PLLC

Sean Flynn (206) 330-0608 | theflynnfirm.com

Olympic Estate Group, LLC

G.A. “Jeri” Schuhmann (206) 799-0544 | OlympicWealthStrategies.com

EVICTIONS

Access Evictions

Travis Eller, Attorney at Law (425) 641-8010 | accessevictions.com

Demco Law Firm, P.S. (206) 203-6000 | demcolaw.com

Glasson Legal (206) 627-0528 | glassonlegal.com

LT Services, Inc. (206) 241-1550 | ltservices.net

Loeffler Law Group, PLLC (206) 443-8678 | loefflerlawgroup.com

Maxwell Glasson (206) 627-0528 | loefflerlawgroup.com

EXCHANGE — 1031 REAL ESTATE

1031 Capital Solutions (800) 445-5908 | 1031capitalsolutions.com

Gourley Law Group / The Exchange Connection (360) 568-5065 | gourleylawgroup.com

Investment Property Exchange Services, Inc. (425)582-3487 | www.ipx1031.com

Kay Properties & Investments

Dwight Kay (855) 899-4597 | kpi1031.com

FLOOD | SEWER OVERFLOW CLEANUP

Fischer Restoration (888) 345-2532 | fischerrestore.com

FLOOR COVERINGS

AFB Floors (425)255-3893 | afbfloors.com

Alliance Flooring Services (253) 850-1288 | allianceflooring.com

ER Flooring (360) 402-9566 | erflooring.com

FORMS + LEASES

Rental Housing Association of Washington (206) 283-0816 | RHAwa.org

GOVERNMENTAL AGENCIES

Seattle Public Utilities | Resource Conservation (206) 684-5251 | savingwater.org

Tacoma Housing Authority (253) 281-7674 | tacomahousing.net

GUTTER INSTALLATION

Axis Roof and Gutter, Inc. (360) 653-ROOF(7663) | axisroofandgutter.com

HANDYMAN SERVICES

Next Level Property Maintenance (206) 922-8119 | nxtlevelpm.com

Ohlsen's Property Renewal (206) 228-2123 | propertyrenewals.com

RentalRiff (541) 600-3200 | rentalriff.com

TQ Handyman LLC Trevor Rose: (206) 222-5129 trevor@tqhandyman.com

HARDWARE

Greenwood True Value Hardware (206) 783-2900 | greenwoodhardware.com

King County Hazardous Waste Management Program (206) 296-4692 kingcountyhazwastewa.gov

HEATING | AIR CONDITIONING (HVAC)

Alpine Ductless, LLC (360) 529-7567 | alpineductless.com

Fischer Heating and Air (206) 783-1190 | fischerheating.com

HOME INSPECTIONS

Optimized Inspection Services, LLC Bryan Mize (206) 349-0733 | seattlerentalinspector.com

Seattle Rental Inspection Services (RRIO) (206) 854-0390

seattlerentalinspectionservices.com

Real Estate Transition Solutions

Exchange - 1031 Real Estate (206) 502-4862 | www.re-transition.com/rhawa

Straight Street Building / Home Inspection John Leon Gonzalez (206) 999-1234 | hi@homeinspect.ws

Taurus Home Inspections

Lisa Lotus | WA State Home Inspector #2261 (206) 676-0023 | taurushomeinspections.com

FINANCIAL | LIFE INSURANCE SERVICES

Diamond Cut Insurance Group, Inc.

Larry Janowicz (425) 879-5198 | larry@dcigi.com

Olympic Estate Group, LLC

G.A. “Jeri” Schuhmann (206) 799-0544 | OlympicWealthStrategies.com

HOARDING

Bio Clean, Inc. (425) 754-9369 biocleanwa.com

22 Rental Housing Association of WA

INSURANCE

Brent Ward State Farm Insurance

(425) 488-9100 | (888) 532-1875

brentwardagency.com

Diamond Cut Insurance Group, Inc.

Larry Janowicz (425) 879-5198 | larry@dcigi.com

State Farm Insurance

(206)322-3910 | myseattleinsurance.com

INVESTMENT + FINANCIAL SERVICES

CBRE - PNW Multifamily | Private Capital Group (206)292-1600 | www.cbre.com

VENDOR LISTINGS

LAUNDRY SERVICES

Coin Meter (503) 750-8442 | coinmeter.com

Hainsworth Laundry

Jason Hainsworth (509) 534-8942 | hainsworth.biz

LEAK DETECTION

Fischer Plumbing, Inc. (206) 783-4129 | fischerplumbing.com

LENDERS, MORTGAGE CAPITAL

CrossCountry Mortgage LLC (206) 650-4041 | keaneloans.com

Eastside Funding (425) 230-0000 | eastsidefunding.com

First Federal Savings and Loan (206) 586-1701 | ourfirstfed.com

First Financial Northwest Bank

Tom Jarzynka (425) 264-2757 | ffnwb.com

Flynn Family Lending

LUMBER

Dunn Lumber (206) 632-2129 | (800) 248-3866 dunnlum.com

MAINTENANCE

First Choice Remodeling, Inc. (253) 846-9000 | firstchoiceremodelinginc.com

Multifamily Elites

(425) 698-1631 | multifamilyelites.com

Pro Realty Options, Inc.

(425) 745-2400 | prorealtyoptions.com

Real Property Management Today

(253) 426-1730 | rpmtoday.com

RentalRiff

(541) 600-3200 | rentalriff.com

MASONRY SERVICES

Rife Masonry Chad Rife: (206) 696-6998 | rifemasonry.com

Masonry Restoration Consulting (425) 344-3893 masonryrestorationconsulting.com

PIPE RESTORATION

Best Plumbing Group (206) 633-1700 | (425) 771-1114

Fischer Plumbing, Inc. (206) 783-4129 fischerplumbing.com

The Pipe Guys

(253) 537-2830 | pipeguys.com

Tub Cove Inc.

One-piece one-of-a-kind bath walls (206) 522-1711 | tubcove.com

PLUMBING

Best Plumbing Group (206) 633-1700 | (425) 771-1114 bestplumbing.com

Day & Nite Plumbing & Heating Inc. Vendor of the Year | 2020 (425) 775-6464 | (800) 972-7000 dayandnite.net

Fischer Plumbing, Inc. (206) 783-4129 fischerplumbing.com

POOL LEAK DETECTION

Colliers International

GoldStar Vendor + Vendor of the Year | 2018

Tim McKay: (206) 223-5586

CPX LLC

(866) 405-1435 | cpxone.com

Dan Chhan: (206) 223-1265

Joe Levin: (206) 223-5583

Sam Wayne: (206) 515-4498

Brittany Rondello: (206) 515-4495

colliers.com

Flynn Family Lending

Matt Flynn

(425) 221-8660 | flynnfamilylending.com

Havium. Inc

(888) 642-8486 | havium.com

Kidder Mathews

Dylan Simon: (206) 414-8575

Jerrid Anderson: (206) 499-8191

DylanSimon.com

Luther Burbank Savings Bank

Tiana Jackson: (425) 739-0023

lutherburbanksavings.com

McTaggart Real Estate

(206) 322-9495 | darcoapts.com

Paragon Real Estate Advisors, Inc.

Vendor of the Year | 2016

(206) 623-8880 | (800) 643-9871

paragonrea.com

Peak Mortgage Partners

Dave Eden

(206) 660-3014 | peakmp.com

Sound Reatly Group

Charles Burnett, CCIM

(206) 931-6036 | soundmultifamily.com

Umpqua Bank | Multifamily Lending

Matt Couch (425) 602-1250 umpquacrelending.com

Wilson Property Management, Inc.

Gary Wilson, CPM (425) 453-0089 | wilsonmanagementinc.com

IRRIGATION SYSTEMS

Seattle Public Utilities | Saving Water Partnership (206) 684-5955 | savingwater.org

LAND DEVELOPMENT | ZONING

Kanso Homes, Inc.

(206) 278-3403 | kansohomes.com

LANDLORD LIAISON PROGRAM

Tacoma Housing Authority (253) 281-7674 | tacomahousing.net

LANDSCAPING

Echo Yard Maintenance (206) 909-6873

Matt Flynn (425) 221-8660 | flynnfamilylending.com

Homebridge Financial (206) 915-3742 | homebridge.com

Kidder Matthews Simon and Anderson Team (206) 747-4725 | dylansimon.com

Luther Burbank Savings Bank

Tiana Jackson: (425) 739-0023 lutherburbanksavings.com

Pacific Crest Savings Bank

Todd M. Hull | Scott Gibson (425) 670-9624 | (800) 335-4126 pacificcrestbank.com

Peak Mortgage Partners

Dave Eden (206) 660-3014 | peakmp.com

Sound Community Bank (206) 448-0884 x202 | soundcb.com

Umpqua Bank | Multifamily Lending

Matt Couch (425) 602-1250 | umpquacrelending.com

Washington Federal Vendor of the Year | 2015

Tim Marymee (206) 777-8213 | (800) 324-9375 washingtonfederal.com

LIGHTING

Tacoma Public Utilities Power: (253) 502-8600 Water: (253) 502-8723

TacomaPowerRebates.com/multifamily

LOCKSMITH

Pacific Northwest Locksmith (206) 531-0411 | pnwlocksmith.com

SnS Locks (206) 664-1209 | safeandsecurelocks@gmail.com

S n S Locks

Mobile Locksmith Residential and Commercial Master and Tracking Systems South King and Pierce Counties 206-664-1209

safeandsecurelocks@gmail.com

Pioneer Masonry Restoration Co. (206) 782-4331 | pioneermasonry.com

METER + BILLING SERVICES

Guardian Water & Power

Chris Apostolos (206) 271-6913 | (877) 291-3141 x139 guardianwp.com

Submeter Solutions, Inc.

Jeff Lowry: (425) 228-6831 (888) 64-METER (63837) submetersolutions.com

MOLD | MOLD INSPECTIONS

Envirotest Mold, Air Quality Analysis, Inspections

Donald B. Kronenberg (206) 877-3191 | seattlemoldandairquality.com

ON-SITE LAUNDRY SERVICES

Hainsworth Laundry

Jason Hainsworth (509) 534-8942 | hainsworth.biz

PAINTING | PAINT

Extreme Steam Carpet Cleaning (425) 330-9328 | extremesteamcc.com

Interland Design

Jake Cervilla (425) 290-9639 | interlanddesign.com

Ohlsen's Property Renewal (206) 228-2123 | propertyrenewals.com

PEST INSPECTIONS

NWK9 Bed Bug Detectives (206) 801-3522

nwk9bedbugdetectives.com

Straight Street Building / Home Inspection

John Leon Gonzalez (206) 999-1234 | hi@homeinspect.ws

American Leak Detection (425) 747-7118 | americanleakdetection.com

PRINTING

Pacific Publishing Co. (206) 461-1322 | pacificpublishingcompany.com

PROPERTY MANAGEMENT

Affinity Real Estate Management (206) 812-9155 | affinityrem.com

All County Evergreen Property Management (253) 238-9590 | allcountyevergreen.com

Allen Property Management

Mike Larson (253) 582-6111 | (800) 995-6111 haroldallen.com

Bell-Anderson & Assoc., LLC, AMO (253)852-8195 | bell-anderson.net

Brink Property Management Dean Foggitt (425) 458-4848 | brinkpm.com

Cadence Real Estate (206)258-4871 | www.cadencere.com

Capstone Commercial Real Estate Advisors John Downing (206) 324-9427 | capstonerea.com

Champions Real Estate Services (425) 744-5550 | nwchampions.com

Cornell & Associates Inc (206)329-0085 | www.cornellandassociates.com

Dave Poletti & Associates (206) 286-1100 | davepoletti.com

Dobler Management Company Inc. (253) 475-2405 | doblermanagement.com

Elita Living Real Estate LLC

Erica Vincent (206) 323-0771 | elitaliving.com

Emerald Heights Property Management Ryan Dosch (206) 457-2475 emeraldheightspm.com

First Comercial Properties NW. (206) 985-7275 | fcpnw.com

Foundation Group, LLC (206) 324-7622 | foundationgroupre.com

Icon Real Estate Services Inc.

Jeremiah Roberson (425) 633-3330 | www.iconre.org

CURRENT | August 2023 23

PROPERTY MANAGEMENT

Jean Vel Dyke Properties, LLC

(206) 725-3103 | veldyke.com

Jevons Property Management

Enrique Jevons (206) 880-7935 | jevonsproperties.com

Krishna Realty (425) 209-0055 | krishna-realty.com

Lexington Asset Management (310) 650-3343

Longley Property Management Inc.

Venita Longley (206) 937-3522 | longleypm.com

Madeson Management LLC

Melissa Melia (206) 673-4282 | madesonmanagement.com

Madrona Real Estate Services, LLC

Bradford Augustine

(206) 538-2950 | MadronaRealEstate.com

Maple Leaf Management LLC

Michelle Bannister (206) 850-8095 | mapleleafmgt.com

Marathon Properties

Jeff O’Hare

(425) 745-9107 | marathonpropmgmt.com

Multifamily Elites

(425) 698-1631 | multifamilyelites.com

Nathaly Burnett Property Management (253) 732-9535 | beyondseattle.com

Next Brick Property Management

(425) 372-7582

Niche Realty Associates LLC

(206) 851-4694 | nichrealtyassoc.com

Northfield Properties Inc.

(425) 304-1250 | (425) 304-1250

North Pacific Property Management

Joshua Fant

(206) 781-0186 | (800) 332-1032 northpacificpropertymanagement.com

Pacific Crest Real Estate (206) 812-9155 | pacificcrestre.com

Park 52 Property Management

Paul Jakeman | (253) 473-5200 | park52.com

People’s Real Estate, Inc.

Lisa Brannon | (425) 442-9941 | peoplespm.com

Phillips Real Estate, LLC (206)22-8600 | philipsre.com

Pilot Ventures LLC | Property Management (206) 566-6600 | pilotnw.com

VENDOR LISTINGS

PROPERTY MANAGEMENT

Spartan Agency, LLC (253) 863-6122 | spartanagency.com

SUHRCO Residential Properties

(425) 455-0900 | (206) 243-5507 suhrco.com

The Paris Group NW

(206) 466-4937 | theparisgroupnw.com

TQ Handyman LLC

Trevor Rose: (206) 222-5129 trevor@tqhandyman.com

T-Square Properties | Real Estate Brokers

(425) 485-1800 | www.tsquaremanagement.com

Weber & Associates Property Management

(425) 745-5838

Westlake Associates (206) 505-9400 | westlakeassociates.com

Wilson Property Management, Inc.

Gary Wilson CPM (425) 453-0089 wilsonmanagementinc.com

Windermere Property Management / Lori Gill & Associates

(425) 455-5515 | wpmnorthwest.com

REAL ESTATE BROKERS

Kidder Mathews

Dylan Simon: (206) 414-8575

Jerrid Anderson: (206) 499-8191

DylanSimon.com

Krishna Realty (425) 209-0055 | krishna-realty.com

Leading Edge Property Management (425) 405-2358 | edgehomerentals.com

Lee & Associates

Multifamily Team

Candice Chevaillier (206) 284-1000 | lee-nw.com

REAL ESTATE BROKERS

Windermere Real Estate / East

Buck Hoffman (206) 660-3764 | buckhoffman.com

WPI Real Estate Services, Inc. (206) 522-8172 x105 | wpirealestate.com

RENTAL HOUSING INSPECTORS

Ideal Inspection Services LLC

RRIO Certified + Licensed Inspector (206) 930-0264 | idealinspectionservice.com

Prospector Property Management (206) 508-6366

prospectorpropertymanagement.com

Real Estate Gladiators

(425)260-3121 | www.realestategladiators.com

Real Estate Investment Services (REIS) Lakewood: (253) 207-5871 Seattle: (206) 319-5981 | REISinvest.com

Real Property Management Today (253) 426-1730 | rpmtoday.com

Redside Partners, LLC

Craig Swanson (206) 323-1771 | redsidepartners.com

Rentals Northwest

Richard Wilber (253) 581-8616

Renters Marketplace

Larry Cutting (425) 277-1500 | rentersmarketplace.com

Seattle's Property Management (206) 856-6000 | seattlespropertymanagement.com

Seattle Rental Group Property Management (206)315-4628 | www.seattlerentalgroup.com

SJA Property Management (425) 658-1920 | sjapropertymanagement.com

SJC Management Group

Jason Clifford (253) 863-8117 | sjcmanagement.com

Windermere Property Management / JMW Group

(206) 621-2037 | windermere-pm.com

Rental Housing Association of Washington (206) 283-0816 | RHAwa.org/RMAP

Windermere Property Management / WPM South, LLC

Ed Verdi (253) 638-9811 | wpmsouth.com

WPI Real Estate Services, Inc.

(206) 522-8172 | wpirealestate.com

Yardi

Kelly Krier (805) 699-2040 | yardi.com

RECYCLING + GARBAGE

Junk Busters-Big Haul

(360) 390-2014 | junkbustersllc.com

REAL ESTATE BROKERS

BricksFolios Real Estate Solutions

Jyotsna (Jo) Dixit

(425) 503-1225 | brickfolios.com

Capstone Commercial Real Estate Advisors

John Downing (206) 324-9427 | capstonerea.com

Champions Real Estate Services

(425) 744-5550 | nwchampions.com

Colliers International

(206) 223-1428 | colliers.com/seattle

Cornell & Associates Inc

(206)329-0085 | www.cornellandassociates.com

Dave Poletti & Associates

(206) 286-1100 | davepoletti.com

DVF Legacy Investments

(206) 650-6113 | pugetsoundinvesting.com

Elita Living Real Estate LLC

Erica Vincent

(206) 323-0771 | elitaliving.com

Foundation Group, LLC

(206) 324-7622 | foundationgroupre.com

Havium. Inc

(888) 642-8486 | havium.com

HFO Investment Real Estate

(971) 717-6337 | hfore.com

Jean Vel Dyke Properties, LLC

(206) 725-3103 | veldyke.com

Kay Properties & Investments

Dwight Kay

(855) 899-4597 | kpi1031.com

Madrona Real Estate

Bradford Augustine (206) 538-2950 | MadronaRealEstate.com

McTaggart Real Estate (206) 322-9495 | darcoapts.com

Next Brick Property Management (425) 372-7582

Niche Realty Associates LLC (206) 851-4694 | nichrealtyassoc.com

North Pacific Property Management (206) 781-0186 | (800) 332-1032 northpacificpropertymanagement.com

Paragon Real Estate Advisors, Inc.

Vendor of the Year | 2016 (206) 623-8880 | (800) 643-9871 paragonrea.com

Optimized Inspection Services, LLC

Bryan Mize (206) 349-0733 | seattlerentalinspector.com

Seattle Rental Inspection Services (RRIO) (206)854-0390 seattlerentalinspectionservices.com

Straight Street Building / Home Inspection

John Leon Gonzalez (206) 999-1234 | hi@homeinspect.ws

RETIREMENT PLANNING

Olympic Estate Group, LLC

Jeri Schuhmann (206) 799-0544 OlympicWealthStrategies.com

RISK MANAGEMENT

ADT – Multi-family (562) 712-7504 | adt.com

ROOFING SERVICES

Axis Roof and Gutter, Inc. (360) 653-ROOF(7663) | axisroofandgutter.com

Park 52 Property Management

Paul Jakeman | (253) 473-5200 | park52.com

People’s Real Estate, Inc. (425) 442-9941 | peoplespm.com

Phillips Real Estate, LLC (206) 622-8600 | phillipsre.com

Prime Metropolis Properties, Inc.

(425) 688-3003 | pmp1988.com

Real Estate Gladiators

(425)260-3121 | www.realestategladiators.com

Real Estate Investment Services (REIS)

Lakewood: (253) 207-5871

Seattle: (206) 319-5981 | REISinvest.com

Seattle Land Broker Inc.

(206) 973-3022 | seattlelandbroker.com

SJA Property Management

(425) 658-1920 | sjapropertymanagement.com

Sound Reatly Group

Charles Burnett, CCIM

(206) 931-6036 | soundmultifamily.com

SUHRCO Residential Properties

(425) 455-0900 | (206) 243-5507 | suhrco.com

Tecton Corporation

(206) 448-4100 | tecton.com

The Chang Group (425) 678-2288 | changgroup.com

The Paris Group NW

(206) 466-4937 | theparisgroupnw.com

T-Square Properties | Real Estate Brokers

(425) 485-1800 www.tsquaremanagement.com

Westlake Associates (206) 505-9400 | westlakeassociates.com

Windermere Property Management

/ Lori Gill & Associates (425) 455-5515 | wpmnorthwest.com

Windermere Real Estate Commercial

Therasa Alston | (206) 650-4777

Bravo Roofing, Inc. GoldStar Vendor + Vendor of the Year | 2014 John Paust, Estimator: (206) 948-5280 (253) 335-4825 | (360) 886-2193 john@bravoroofs.com | bravoroofs.com

Diamond Roofers, LLP | Flat & Low Slope (206) 202-7770 | diamondroofers.com

Fields Roof Service Inc. (253) 852-4974 | (888) 852-4974 fieldsroofservice.com

Mono Rooftop Solutions

Commercial / Residential Repair & Maintenance (206) 767-2025 | monorooftop.com

SECURITY

Pacific Northwest Locksmith | Detectors (206) 531-0411 | pnwlocksmith.com

24 Rental Housing Association of WA

SECURITY

Signal 88 Security of South Puget Sound (206)208-0233 | signal88.com

SnS Locks (206) 664-1209 | safeandsecurelocks@gmail.com

SEWER & DRAIN VIDEO INSPECTIONS

Best Plumbing Group (206) 633-1700 | (425) 771-1114

bestplumbing.com

Fischer Plumbing, Inc. (206) 783-4129 | fischerplumbing.com

SIDE SEWER REPAIR

Best Plumbing Group (206) 633-1700 | (425) 771-1114

bestplumbing.com

Fischer Plumbing, Inc. (206) 783-4129 | fischerplumbing.com

The Pipe Guys (253) 475-6225 | pipeguys.com

SOFTWARE FOR RENTAL OWNERS

Yardi

Kelly Krier (805) 699-2040 | yardi.com

SUBMETERING

Guardian Water & Power

Chris Apostolos (206) 271-6913 | (877) 291-3141 x139

guardianwp.com

Submeter Solutions, Inc.

Jeff Lowry: (425) 228-6831

(888) 64-METER (63837) | submetersolutions.com

VENDOR LISTINGS

TAX CONSULTING | PREPARATION

Brink & Sadler

Johann Drewett (253) 582-4700 | brinkandsadler.com

Hutchinson & Walter, PLLC (425) 455-1620 hutchcpa.com

TAX-DEFERRED EXCHANGES (1031)

Investment Property Exchange Services, Inc. (425)582-3487 | www.ipx1031.com

Real Estate Transition Solutions 1031 Exchanges & Delaware Statutory Trusts Vendor of the Year | 2017 (206) 686-2211 | re-transition.com

TEMPORARY HOUSING

Short Term Suites (206) 652-9356 | shorttermsuites.com

TENANT SCREENING

Rental Housing Association of Washington Val Kushi | (206) 283-0816 | RHAwa.org

SafeRent Solutions (419) 367-7615

THIRD PARTY BILLING | UTILITIES

Guardian Water & Power

Chris Apostolos | guardianwp.com

(206) 271-6913 | (877) 291-3141 x139

Submeter Solutions, Inc.

Jeff Lowry: (425) 228-6831 (888) 64-METER (63837) | submetersolutions.com

TOWING + IMPOUND MANAGEMENT

ABC Towing, Inc.

Seattle: (206) 682-2869 | Tukwila: (206) 767-4024 abc4atow.com

TRAUMA SCENE CLEAN-UP

Bio Clean, Inc. (425) 754-9369 biocleanwa.com

UTILITY SERVICES

WATERPROOFING

Masonry Restoration Consulting (425) 344-3893

masonryrestorationconsulting.com

WINDOW COVERINGS

Conservice

(435) 419-4960 | conservice.com

Tacoma Public Utilities Power: (253) 502-8600

Water: (253) 502-8723

TacomaPowerRebates.com/multifamily

VACANCY LISTING SERVICES

Pacific Publishing Co. | Print & Internet

(206) 461-1322 | pacificpublishingcompany.com

Renters Marketplace

Larry Cutting (425) 277-1500 | rentersmarketplace.com

WATER CONSERVATION

Seattle Public Utilities | Saving Water Partnership (206) 615-1282 | savingwater.org

WATER | FIRE DAMAGE RESTORATION

Fischer Restoration (888) 345-2532 | fischerrestore.com

WATER HEATER SALES & SERVICE

Best Plumbing Group (206) 633-1700 | (425) 771-1114 | bestplumbing.com

Day & Nite Plumbing & Heating Inc.

Vendor of the Year | 2020 (425) 775-6464 | (800) 972-7000 | dayandnite.net

Fischer Plumbing, Inc. (206) 783-4129 | fischerplumbing.com

Greenwood True Value Hardware (206) 783-2900 | greenwoodhardware.com

Shine a Blind | Blinds

On-Site Ultrasonic Mini-Blind Cleaning + Repair (425) 771-7799 | shineablind.net

WINDOWS

SRC Windows (253) 565-2488 | (800) 870-2488

srcwindows.com

Tacoma Public Utilities Power: (253) 502-8600

Water: (253) 502-8723

TacomaPowerRebates.com/multifamily

YARD MAINTENANCE

Echo Yard Maintenance (206) 909-6873

| August 2023 25
CURRENT

Greater Seattle Rental Market Update

At Paragon Real Estate Advisors, it is important to us to keep our clients and other owners informed on the latest developments in the Seattle Metro rental market. Using data obtained from CoStar’s Seattle Multifamily Market Report for July, our team created an analysis to show the state of the Seattle rental market and where we think it is headed.

Rent

As of July 2023, the average monthly rent for apartments in the Seattle metro area stands at $1,970. This places Seattle among the most expensive large metros in the country. However, there has been a deceleration in annual rent growth in the region after reaching a recent peak of 10.3%. Over the past decade, rents have grown annually by an average of 3.9% while in the last couple of years, we have seen rent growth averaging around 6% year over year. Determining the correlation between rental growth and traditional economic factors like population growth, new unit supply, job growth, etc. becomes challenging because of the rent increase moratorium that was implemented during Covid. The past two years of rent growth can be considered a “catch-up” for what could have been rent growth throughout 2020 and early 2021. We believe rent growth will be minimal yet positive by the end of 2023 and we will return to a more stabilized rent growth of about 3.5% year over year as we get into the second half of 2024.

New Development

The process of permitting new developments has become increasingly challenging, construction costs have risen significantly, and the cost of capital has also risen drastically. As a result, developers are beginning to put projects on pause setting the stage for a slowdown in the delivery of new units in 2025-2027 further supporting long-term rental growth in the Seattle market.

Economy

Seattle has consistently demonstrated strong performance among U.S. metropolitan areas in the long run. In the past year, the number of jobs in Seattle increased by 3.3%, surpassing the national benchmark. Moreover, over the past decade, the Seattle region has outperformed the national average, with a remarkable job growth rate of 22.0% compared to the national average of 14.5%. This sustained growth highlights Seattle's robust economic vitality and its ability to create ample employment opportunities.

Seattle Metro has proven its resilience as a multifamily market, successfully navigating various challenges such as economic fluctuations, legislative changes, and the impact of the COVID-19 pandemic. The city remains a thriving hub for major corporations like Amazon and Microsoft, attracting a steady influx of professionals. As major Fortune 500 companies gradually bring employees back into the office, this will contribute to the revitalization of the Seattle Downtown Core, ultimately bolstering the multifamily housing market.

Conclusion

The Seattle Metro rental market presents a mixed landscape of challenges and opportunities. While the region has experienced a deceleration in rent growth in

2023 and faces regulatory constraints, it remains a resilient and vibrant market. Factors such as job growth, the presence of major corporations, and limited new development contribute to the market's stability. As we navigate the evolving dynamics of the rental market, it is essential for property owners and investors to stay informed and adapt their strategies accordingly. Brian Platt, Michael Urquhart, and Ben Douglas are dedicated to providing valuable insights and guidance to help their clients make informed decisions and maximize their investments. Give us a call today to stay up to date on the ever-changing Seattle Metro rental market.

If you would like to know more about 1031 exchanges, want to know the market value of your investment property or would like a referral to a tax, legal or 1031 exchange professional, please feel free to reach out to anyone on their team. Brian Platt at Brian@ParagonREA.com (206) 251-8483, Michael Urquhart at Michael@ParagonREA.com (425) 999-6650, or Ben Douglas at Ben@ParagonREA.com (206) 658-7247.

INCREASE EXPOSURE TO YOUR AUDIENCE Digital | Print | Events RHAWA has many marketing solutions to fit your company’s objectives with advertising and sponsorship opportunities within our publications, website, and at our events. Luke Brown, RHAWA Business Development Specialist at: (206) 905-0610 | lbrown@RHAwa.org Learn more at: RHAwa.org/vendor-membership 26 Rental Housing Association of WA
Ben Douglas Brian Platt Michael Urquhart Brian Platt, Michael Urquhart, and Ben Douglas | Paragon Real Estate Advisors | RHAWA Vendor Member

starting at $1459.00 plus tax 6 YEAR WARRANTY

Changes in Security Deposits

2.

Changes in Security Deposits

CHANGES IN SECURITY DEPOSITS

2. Many cities ____ deposit + fees

4. Type of use causing damages you cannot charge to tenant.

4. Type of use causing damages you cannot charge to tenant.

5. Example of documentation now required to be included with Deposit Refund Statement.

5. Example of documentation now required to be included with Deposit Refund Statement.

1. Time to return security deposit accounting was _____ to 30 days.

1. Time to return security deposit accounting was _____ to 30 days.

3. Thing you cannot charge for professional cleaning unless condition has resulted from use that is “beyond ordinary ”

3. Thing you cannot charge for professional cleaning unless condition has resulted from use that is “beyond ordinary.”

Note: Solution will be in the next issue of the CURRENT.

CROSSWORD
PUZZLE
7/10/23, 9:06 AM Changes in Security Deposits - Crossword Labs
Across
to
Many cities ____ deposit + fees
one month’s rent.
Down
1 2 3 4 5 7/10/23, 9:06 AM Changes in Security Deposits - Crossword Labs
Across
to one month’s rent.
Down
1 2 3 4 5
CURRENT | August 2023 27

*Preferred return is not guaranteed and is subject to available cash flow. All offerings shown, if any, are Regulation D, Rule 506c offerings. Potential returns and appreciation are never guaranteed and loss of principal is possible. Please speak with your CPA and attorney for tax and legal advice. There is a risk Investors may not receive distributions, along with a risk of loss of principal invested. This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior investing. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not to be construed as tax or legal advice. There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed.

Get Your FREE DST 1031 Exchange Tool Kit
Securities offered
2.6.2023 Gain EXCLUSIVE ACCESS to TAX EFFICIENT 1031 Exchange DST Real Estate Investments REGISTER AT www.kpi1031.com/rhawa OR CALL 866.835.5549 Preferred Return* 10.00% FEATURED Representative Photo LEARN the In’s and Out’s of 1031 Exchanges and Delaware Statutory Trust DST Investments MONTHLY Cash Flow Potential via ACH Direct Deposit* ACCESS a Diversified 1031 Exchange PortfolioMultifamily, Industrial, Medical, Net Lease & More* CLOSE your 1031 Exchange Investments in as Little as 3-5 days Call to Find Out More! AS SEEN IN: SCAN HERE REAL ESTATE FUND: 28 Rental Housing Association of WA
through FNEX Capital LLC member FINRA, SIPC.

2023 – Legal Exchange Recap

Wow! This year’s Legal Exchange was a smashing success. We decided to mix things up and create a new Legal Forum; we updated the name to Legal Exchange and boldly stepped forth to a new and exciting event.

For the Legal Exchange 2023, your RHAWA staff was able to assemble twelve housing industry attorneys to come and talk with you, our members. In previous years the Legal Forum was just that, an auditorium style function with a panel of attorneys talking at you; with all the amazing strides forward RHAWA has been making this year; we wanted to continue that with a fresh new take on this event.

members should have short little dates with our incredible team of attorneys?

As this was the first year, it did not come without its growing pains; and for our amazing attendees - we thank you for your patience while we found our bearings. We hoped June 13th would be a beautiful day, but perhaps we wished a little too hard! We basked in an 80 degree day on the bow of the MV (Permanently Moored Vessel) Skansonia and had a slightly smaller group than expected. Our amazing event staff was able to quickly reassess and situate everyone so they had the best experience possible.

Each of the attendees found a table and made themselves comfortable after grabbing a drink on the bow, and awaiting the first bell. Illustrious Executive Director, Sean Flynn, kicked things off explaining the format, and getting everyone excited for a fun and educational evening.

This year we gathered our attorneys and facilitated a small round table discussion aboard the MV Skansonia, a retired ferry boat turned event space from the 50’s. The concept behind this idea was “speed dating”! Wouldn’t it be fun if our

You could find 10-12 attendees around each table; each table ran things in their own way, but for the most part our tables were filled with eager and questioning housing providers looking for advice, best practices, and a sense of comradely in this ever so fluctuating time. While

 Continued on page 34

CURRENT | August 2023 29
EVENT
Chloe Moser | Event Coordinator |  cmoser@RHAwa.org |  (206) 905-0600 EXCHANGE LEGAL Networking, Noshing, & Nautical Fun! Help Defend Property Rights in Washington by Making a Donation to our Legal Defense Fund. #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 4:00 pm 5:00 pm Happy Hour 5:00 pm 7:00 pm Attorney Table Discussions Join five different 20-minute attorney-led table discussions. Each round, select from twelve different attorneys. 7:00 pm 8:00 pm Dinner + Panel Discussion Select gourmet offerings from the buffet and enjoy the attorney panel discuss the most interesting pre-submitted questions. 8:00 pm 8:30 pm Mingle + Wrap Up AGENDA SEATING DONATE SPONSOR Welcome aboard the magnificent MV Skansonia for the 2023 RHAWA Legal Exchange. We are thrilled to have you here for this event dedicated to the housing industry in Washington. At RHAWA, our mission is to provide a supportive community for rental housing providers and property managers, and today, we’ve brought together the top attorneys in the industry to create a unique and informative experience for you. We thank you for joining us today and trust that you will make the most of this exceptional gathering. Enjoy the breathtaking views, engage in fruitful discussions, and leave with a renewed sense of motivation. May your time aboard the MV Skansonia be both productive and rewarding. Melissa Canfield RHAWA Deputy Director Sean Flynn RHAWA Executive Director Board President 11 12 10 8 Chester Baldwin Cody Branstetter Connor Costello Christopher Cutting Greg Fullinton Max Glasson Kaitlyn Jackson Shasta Kelly Carol Synthia Melton Phil Neale Ryan Weatherstone Meet Our Attorneys Attorneys Landlord-tenant Lawyer at Cutting Law Office Cutting Law Office Real Estate Attorney at William Kastner William Real Estate, Business & Estate Planning Attorney Demco Law Firm, P.S. Demco Law Firm, P.S. Real Estate & Landlord-tenant Lawyer at Cutting Law Office Cutting Law Office Real Estate Attorney & founder at Glasson Legal PLLC Legal PLLC Managing Partner, Real Estate & Landlord-tenant Lawyer Dimensions Law Group PLLC Dimensions Group PLLC Lobbyist & attorney at Baldwin Legal Group Baldwin Legal Group Associate attorney at Flynn Associates Flynn Transactional Attorney at Holmquist & Gardiner & Gardiner Landlord-tenant & Real Estate Attorney at Jack W. Hanemann, P.S. W. Real Estate & Business Formation Attorney at Ledger Square Law, P.S. P.S. Real Estate & Landlord-tenant Attorney Schweet Linde & Rosenblum Schweet Linde &

MEMBERSHIP APPRECIATION PICNIC

Mark your calendars for a rip-roaring good time Saturday, August 26, and join us at the Seattle Farm in Rainier Valley. Enjoy a day of fun, friends, and family with games, food, pony rides, and more. Festivities start at 11 am and end around 2 pm. Relax, indulge in delicious fire-roasted foods, and soak up the sun!

Make sure to register yourself and your guests so we can properly prepare for your arrival. You are encouraged to bring your immediate family, especially the kids. Your party is limited to 3 additional guests.

SATURDAY, AUGUST 26, 11 AM - 2 PM

THE SEATTLE FARM

30 Rental Housing Association of WA

Master, Track, or Random Keys?

When working with various property managers we often run into the question of the best system for keying properties. If you manage less than 20 units (apartments, or single-family houses) a random system may be the easiest as there is extremely low odds of anyone being keyed alike and it is easy to keep an extra backup key for each property in your control locally.

However, if you have more than 20 properties you may need a better system, especially if working with a multi-unit complex. When servicing residential properties the two dominant choices we’ll discuss are Kwikset and Schlage. While Kwikset’s basic system offers about 7,000 key code options, the slightly higher-priced Schlage has about 100,000.

So what is the difference between Master Keying and a Tracking Sys-

tem? The words help us to identify the intent. Notice we didn’t say Master Tracking. This can be very confusing and often is a cause of miscommunication of desire and intent. While Master Keying is itself an organized way to track keys, it is not the primary goal.

A "Tracking System" is simply a predetermined list usually assigned sequential numbers and/or letters. Each number/letter combo is then given a random key cut, and that list is used to keep TRACK of which key is utilized on behalf of management. This simplifies the volume of keys needing to be cycled in and out for turnovers and minimizes replacements if all keys get lost. It is a simple method for knowing which key cut is next in the system to keep everyone keyed uniquely.

Master Keying allows a “high-level” access key that works across several

different locks. A common misunderstanding is that the Master key is specially designed to work on multiple locks. These keys are just plain cut metal, and nothing “special” is in the keys themselves.

For example, you have a 10-unit apartment complex, plus a janitor closet, laundry room, and mail-room. You don’t want the Management and Maintenance employees to keep a ring of 13 plus keys to gain access where needed. Every Turnover also requires updating the keys to all employees who are supposed to have access and this gets very confusing and costly over time to keep coordinated.

It would be simpler to have one key that can unlock all locations. Each LOCK is keyed to work on a Master Key AND the User’s Key. For example, let's say the Master Key is a cut

of 12345. Unit 1 has a key for 34567, unit 2 has a key for 56789. Each of the locks on the units will be keyed to their respective key AND to the Master Key as well. So to simplify, Master Keying is a system of pinning locks to work with more than 1 key. This reduces the number of keys needed to gain access for management and is tracked.

We hope this clarification helps. If it’s still as clear as mud you can contact us through our website www.snslocks. com.

Centrally Located in Auburn, Serving Seattle – Tacoma and beyond! Sydney can be contacted by Email: safeandsecurelocks@gmail.com and Phone: (206) 664-1209.

CURRENT | August 2023 31

COLLECTING SECURITY DEPOSITS

Under WA State law (RCW 59.18.260.270) a housing provider may only require the tenant to pay a deposit if: (1) the condition for a full refund is included in writing in the agreement or lease, (2) they provide a detailed property checklist to the tenant at the start of the tenancy, and (3) they keep the deposit in a separate trust account.

Include conditions for a full refund in the lease or agreement.

Washington law (RCW 29.18.260) requires the housing providers to include conditions for a full refund in the rental agreement or lease to legally collect a deposit.

RHAWA Leases and Agreements include these details under section 3, Deposit. Read section 3 carefully to understand tenant and housing provider obligations.

Complete a Property Condition Checklist.

Washington law (RCW 29.18.260) requires the housing provider to give tenant a copy of the detailed move-in condition checklist, signed by landlord and tenant, to legally collect a deposit.

Keep the deposit in a separate trust account.

Washington law (RCW 29.18.270) requires the housing provider to hold the deposit in a separate trust account disclosed to the tenant. A regular checking or savings bank account meets the requirement. Simply label the account "Trust account for tenant deposits."

Allow the tenant to pay in installments.

If a tenant requests a payment plan for deposit, last month's rent and other move-in costs, you must allow it. RCW 59.18.610 provides tenants moving in with term leases for 3 months or longer the right to pay their deposit (security deposit, pet deposit, etc.) non-refund-

able move-in fees, and last month’s rent in 3 equal monthly installments. For a 2-month lease or month-tomonth tenancy, they can pay in 2 equal monthly installments. While the tenant has the right to these terms, other terms can be negotiated between the landlord and tenant. If a tenant requests to pay move-in charges on installment, attach

with terms lasting fewer than six months or month-to-month rental agreements may choose to pay to move in fees and security deposits in two equal monthly installments over the first two months of occupying the dwelling unit.

• See Deposit Payment Schedule (Extended) form.

rent pre-payment may be paid in no more than two months. The first payment is due at the inception of tenancy, and the second payment is due on the first day of the second month or period of their tenancy.

• Pet deposits may be paid in three consecutive equal monthly installments over the first three months of occupying the dwelling unit.

• See Deposit Payment Schedule (Extended) form.

Follow Local Government Caps on Move-in Costs.

Several local governments including Auburn, Kenmore, Kirkland, King County, and Redmond, limit the total amount of deposit and fees that can be collected at move-in to one month's rent.

Olympia does not allow any non-refundable fees, limits general security deposits to one month’s rent and limits pet deposit to 25% of rent.

the Optional Addenda, Deposit Payment Schedule (WA State) to the lease. The housing provider is not required to notify tenants of their right pay movein charges on installment.

Several local governments provide more generous installment terms as follows:

In the cities of Burien, Kenmore, Kirkland, Redmond, and SeaTac, plus Unincorporated King County —

• Tenants entering rental agreements with terms lasting six or more months may choose to pay their move-in fees and security deposits in six equal monthly installments over the first six months of occupying the dwelling unit.

• Tenants entering rental agreements

In the city of Seattle —

• For a term lease of 6 months or greater: The total deposit, non-refundable move-in fees, and last month’s rent pre-payment may be paid in six equal monthly installments over the first six months of occupying the dwelling unit.

• For a term lease less than 6 months: The total deposit, non-refundable move-in fees, and last month’s rent pre-payment may be paid in four equal monthly installments over the first four months occupying the dwelling unit, or a specified duration of equal installments depending on the length of tenancy.

• For month-to-month tenancy: The total deposit, non-refundable move-in fees, and last month’s

Seattle requires that the combined total of the security deposit, non-refundable screening fee (paid directly to Owner/Agent), and/or move-in cleaning fees may not exceed the amount of the total first full month’s rent). Within that total, non-refundable fees may not exceed 10% of rent, and cannot be charged for anything other than screening and cleaning. An additional maximum of 25% of rent can be charged as a pet deposit, regardless of the number of pets. However, the pet policy can limit the number of pets allowed.

Formal legal advice and review is recommended prior to selection and use of this information. RHAWA does not represent your selection or execution of this information as appropriate for your specific circumstance. The material contained and represented herein, although obtained from reliable sources, is not considered legal advice or to be used as a substitution for legal counsel.

32 Rental Housing Association of WA
EDUCTION + RESOURCES
|  (206) 905-0614
dmyers@RHAwa.org
WASHINGTON LAW (RCW 29.18.260) REQUIRES THE HOUSING PROVIDER TO GIVE TENANT A COPY OF THE DETAILED MOVE-IN CONDITION CHECKLIST, SIGNED BY LANDLORD AND TENANT, TO LEGALLY COLLECT A DEPOSIT.

Are Your Washing Machine Connections Safe & Sound?

Some jobs always stick in your memory. My saddest emergency plumbing job happened a while ago and was caused by a standard washing machine hook-up.

That warm northwest weekend, I was the plumber on-call. I responded to a page from my answering service, and they gave me a California number to call back a homeowner. Her neighbor had been keeping an eye on her home, and thought there was a problem, so the homeowner asked me to meet her neighbor at the house.

When I arrived, the neighbor was waiting in the driveway, and I could see small rivulets of water seeping from under the garage doors and the front door.

“You folks call a plumber?”

“Yes! I worried something might be wrong”.

“Well, I guess so with this water… have you been inside yet?”

“No, I thought I should wait for you. I noticed this water a few days ago. When it didn’t go away I thought we’d better have it checked”.

I unlocked the door and had to push hard to open it, then held it open while a flood of clear, cold water came pouring out.

“Here…please hold the door open while I go shut off the water meter at the street,” I said to her, and she complied; speechless.

After shutting off the water, we squished our way into the house. The water level was at the top of the carpet, having been flooded for several days. I went further in and found the stairs to the daylight basement. The water was deeper on that level because it couldn’t find as easy a way out. The natural oak

parquet flooring, warped and curled up at each end, was floating around like little wooden Dutch boy shoes in 4 inches of water.

Half the drywall on the ceiling had become so soaked it had fallen, covering the leather furniture and slate pool table. I could see the entertainment center’s electronic components were submerged and said “We need to turn the power off before wading through that”.

“Oh my,” the neighbor said, “What in the world could have caused this?” she asked, finally finding her voice.

“Well, I bet I know even without looking…because odds are it’s one of only a few things. “Let’s go look at the washing machine”. Finding the washer, I leaned over and shined my light on the hot-side hose, and sure enough a big bubble was bulging out the side of the hose, dripping

water. I grabbed my channel locks and removed the hose and held it out to the neighbor.

“Here’s the culprit,” I said. “Really?” she replied “It’s such a small bubble to have caused all this…how that could be?”

“Oh, it doesn’t take much with water...give it half a chance and a little time and you can make a Grand Canyon. Anyway, I’d better call the owner”.

The good news was that we found the leak and could fix it in only 10 minutes with $10 in parts; the bad news was three-quarters of the home had been ruined, and would likely take months of major renovations to make it livable again.

 Continued on page 34

CURRENT | August 2023 33
Bruce Davis, Sr. | Day & Night Plumbing & Heating, Inc. | 2020 Vendor Member of the Year Bruce Davis, Sr.

When building homes, some contractors choose less expensive solutions for plumbing and mechanical issues, to maximize profits. Back then washing machine hook-ups usually meant a couple of cheaply made $1.95 valves on the hot and cold pipes. Unlike bathroom or kitchen faucets, these cheap valves are not made to be turned on and off very often, and if they are, they often develop small dripping leaks out of the packing nut on the stem to the handle. The same cost-cutting measures sometimes hold true for people selling and/or installing appliances, which in the case of washing machines means basic, black rubber hoses are used to do the hook-up. According to the insurance industry, these types of washing machine hook-ups account for most of their water damage claims due to failed plumbing.

The remedy is both easy and simple. Replace the cheap valves with good quality shut-off valves that can be turned on and off without leaking and replace the cheap hoses with good quality ones. The valve we use and recommend has a single lever that turns both the hot and cold on and off

at the same time, and it can be operated easily, quickly, and without fear of failing even if it hasn’t been used for many months. The hoses we like are high-end (check the warranty) braided stainless steel hoses. In my ‘Vacation Checklist” article (July 2018), I recommend that you shut off the water supply to your washing machine (and other appliances) if you’re leaving town.

On new homes or major remodels we recommend the washing machine be placed in a drain pan, which will catch minor leaks or slow leaks. Note: because the drain must be plumbed to a location outside, it’s often a bit expensive and something of a project to add to existing homes.

If the washing machine has a good quality shut-off and hoses, that are replaced every 5-years, that washing machine and its plumbing go from one of the most likely plumbing assemblies to fail in the home, to one of the least likely; and chances are you’ll never return home from a vacation to find your flooring afloat due to a $1.95 part that failed while you were away….

 Continued from page 29

2023 - Legal Exchange Recap

we know every single person wouldn’t have the chance to get every question answered - we hoped this format would provide a more unique, personal, and informative experience for everyone.

If you were one of the lucky few that attended, we would love your feed back. This was a completely new take on the Legal Exchange format, and we want to know your thoughts.

Thank you to everyone who came, and if you have any questions from the event, about the event, or about Legal Exchange and other future events, don’t hesitate to contact me at cmoser@rhawa.org.

Bruce Davis, Sr. is a Licensed Journeyman Plumber, Licensed Electrician, HVAC/R Electrical Administrator, HVAC/R ,and Certified WA State C.E.U. Instructor. Day and Nite Plumbing and Heating, Inc has been in Lynnwood serving Snohomish and N. King County for over 68-years, and Bruce Sr. has been President and working at this family-owned business for 36-years. Bruce can be contacted at: Email: Bruce@dayandnite.net.Day and Nite Plumbing and Heating Inc. 16614 13 Ave. W., Lynnwood, WA 9803, (800) 972-7000.

As our table sessions concluded at 7:00 pm and the food came rolling our shortly after. While we all enjoyed some delectable salmon and short ribs, a small panel of attorneys answered group questions from our fearless leader, Sean Flynn, about the State of the industry and what is predicted for the future.

We would like to extend a special thank you to our sponsor, 1031 Capital Solutions, for their invaluable support in making Legal Exchange 2023 a memorable success.

34 Rental Housing Association of WA
CURRENT | August 2023 35
Speak to a Licensed 1031 Exchange Advisor Selling your rental property? Contact Real Estate Transition Solutions at 206-502-4862 to schedule a complimentary consultation with one of our licensed 1031 Exchange Advisors. The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. There are risks associated with investing in real estate properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies, and illiquidity. Because investor situations and objectives vary, this information is not intended to indicate suitability for any particular investor. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice and guidance regarding your individual situation. Real Estate Transition Solutions offers securities through Aurora Securities, Inc. (ASI), member FINRA/SIPC. Advisory services through Secure Asset Management, LLC (SAM), a Registered Investment Advisor. ASI and SAM are affiliated companies. Real Estate Transition Solutions (RETS) is independent of ASI and SAM. Questions About a 1031 Exchange? Real Estate Transition Solutions | 206-502-4862 | info@re-transition.com | re-transition.com/rhawa FREE for RHAWA Members Find 1031 DST Properties for Sale Each 1031 DST property has been carefully vetted by our team of Analysts and Exchange Advisors. RSVP to Our FREE 1031 Webinars Our free educational webinars are a great way to learn about 1031 Exchanges & DST property. Try Our 1031 Exchange Calculator Quickly estimate your tax liability with our FREE 1031 Exchange Calculator. FREE Downloadable Guides Get a comprehensive understanding of 1031 Exchanges & DSTs, including rules and tips. Get the answers by visiting re-transition.com/rhawa 1031 EXCHANGE INVESTING IN DELAWARE STATUTORY TRUSTS Presented by REAL ESTATE TRANSITION SOLUTIONS Calculate Your Tax Liability DST Property For Sale 36 Rental Housing Association of WA

YOUR RIGHTS ARE UNDER ATTACK

The most important protection for our industry involves electing and building relationships with politicians who understand the importance and value of the rental housing industry. That is the sole objective of the RHAWA PAC.

HOUSING PROVIDERS have been blamed as politicians fail to address our region’s affordable housing needs.

Political Action Committee

From efforts to restrict your rights and access to information when screening tenants, to mandatory rental housing inspections, and attempts to implement rent control, your rights as a housing provider in Washington State are under attack.

Our Political Action Committee exists to elect responsible candidates who will work collaboratively with RHAWA and the rental industry when issues arise.

Without candidates in office who support housing providers, rental housing in Washington will be choked by endless regulations.

For more information on how to make a contribution, visit RHAwa.org/pacdonate

CURRENT | August 2023 37
38 Rental Housing Association of WA S E R V I N G T H E C O M M E R C I A L C O M M U N I T I E S O F T H E N O R T H W E S T Contractor ID:DIAMORL822CN (206) 202-7770 www.diamondroofers.com S P E C I A L I Z I N G I N F L A T & L O W S L O P E P V C R O O F I N G Licensed, Bonded and Insured Daily Job Site Cleanup Up to 30-Year Material Warranty Maintenance-Free PVC Material Designed and Warranted for Ponding & Pooling Water Conditions Complete Alternative to Hot Tar and Torch Down R H A W A M E M B E R D I S C O U N T 1819 Central Ave. Kent, WA 98032 office@diamondroofer.com w w w . d i a m o n d r o o f e r s . c o m
CURRENT | August 2023 39 Contact RHAWA screening specialists to learn more or for assistance with processing and interpreting reports at: (206) 283-0816, screening@RHAwa.org. Must have an active RHAWA membership and be certified. RHAWA’s screening department does its due diligence to make sure that we are in compliance with mandated regulations. Background Screening* $25 per applicant Basic Package $25 per applicant Seattle Premium $45 per applicant Premium Package $45 per applicant Credit Report Criminal Search (Multi-State) Eviction Search (Multi-State) High Risk Fraud Alert ID Report Previous Address History Public Records Search Sex Offender Search SSN Verification *Seattle package available. No Certification Fee | Customize Criteria | Online Reports 24/7 Learn more at: RHAwa.org/get-started OUR CONTACT-LESS QUICKAPP PRO Just scan the QR Code with your smart device to simplify your screening process within minutes! RHAWA.ORG/TENANT-SCREENING

WHERE YOUR ROOF IS OUR ROOF

About Us

We are very proud to be a family owned and operated company. John, Barry and Jill have been serving RHA Members for over 22 years. Our focus is to solve customers’ roof problems and concerns with a reliable, high-quality roof system. Our dedicated crews take pride in their craftsmanship and treat our customers roofs as if it were our own.

We Stand by Stability

Polyflex G (torch down) provides an exceptionally durable roofing product and provides long-term weathering performance. With a granulated surface, Polyflex G exceeds all minimum ASTM standards for tensile strength, puncture resistance and flexibility. This torch down roof membrane is ideal for Northwest roofs; where common branches sometimes fall or residents want a roof-top patio. We stand behind Ployglass APP Membranes with the most reliable warranties in the industry. Their warranty provides extended protection, assuring the optimum system performance is guaranteed.

40 Rental Housing Association of WA Contact John Paust for more information: About Elizabeth Gregory Home (EGH) EGH inspires homeless women to transform their lives. Through services offered, women can meet immediate needs, as well as long-range goals to break the cycle of homelessness. Learn more about EGH and how you can help at eghseattle.org. Thank you. Special pricing for RHAWA members AND $100 donation toward EGH with paid re-roof contract!
EXPERTISE  Roof Replacement  Roof Repairs  Ventilation & Drainage Revisions  Preventative Maintenance SPECIALIZING  Apartment Housing  Condominiums  Commercial Property  Multiplex / Duplex Proud Sponsor of DEDICATION TO ROOFING SOLUTIONS QUALITY WORKMANSHIP HONEST EVALUATIONS john@bravoroofs.com 206•948•5280 bravoroofs.com We
LICENSED • BONDED • FULLY INSURED Registered Ployglass Contractor #5008 License # BRAVORI895C2 GOLDSTAR VENDOR
are registered Polyglass Contractor (#5008)

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