Rent Guru

Seattle's Premiere Rental Broker

Want to rent a home or apartment in Seattle? I am here to help you relocate. 

I am a licensed real estate broker with Team Diva Real Estate and Coldwell Banker Bain. I'm here to help you find the best place for rent possible. 

 

Rental Q&A | Timeline to Sale

I’ve had a couple of people reach out this week from both sides of the apartment world - renters and landlords - about laws around selling a rental home and the timelines for notice. 

Rented.png

Q: How much notice does the landlord need to give the tenant if a currently-rented apartment is going to be sold?

A:  In the City Of Seattle, 90 days notice must be given if an owner intends to sell a rental property.

It doesn’t make a difference if the tenant is on a month-to-month lease or has time left on an existing year-long lease. The 90 days must coincide with the end of a rental period, which is commonly the end of a month. It’s possible for an owner to petition the city for a reduction of time to 60 days notice in the case of hardship, but this is rare. If an owner violates this law there can be heavy penalties: one recent example had an owner paying $17,000 in fines.

If you have a current lease and the owners are planning to sell the property before it ends, you have protections as well. In this case, the new owner will have to honor your lease until its end. There are also protections for tenants while the property is on the market.

If you do move out because of a 90-day notice to vacate for sale, keep an eye on the house. There are timelines and limitations by which the owner has to get the house on the market (30 days).

If a tenant qualifies as low income (qualification set by the city), the owner needs to file for a Tenant Relocation License and each low-income tenant must be awarded $3,658. This is paid 50% by the owner and 50% by the City of Seattle. More info here

If an owner decides to ratchet up the rent to force the tenant to move out, this can lead to an investigation by the city and more penalties awarded to the tenant. Municipal Code on this issue is available here

There are also laws for how quickly a landlord can increase rent in any given period. At this time, the guideline is 30 days notice for increases less than 10% of one month rent and 60 days if it’s an increase of more than 10%. If a tenant is on a current lease, the landlord cannot increase the rent until that lease is over. 

For reference on this question and most others please start by reading the Seattle Landlord Tenant Laws Updated Aug 2017

Do you have a different issue that needs to be addressed? The Seattle Department of Construction and Inspection has a great renters resource here

You can also check out the Tenants Union of Washington FAQ

The information in this blog is meant to be a resource for further individual investigation; this is not legal advice. If you are in a situation such as the one above please contact a real estate lawyer or the Tenants Union ASAP. I am happy to give you referrals to experts on your specific issue.

Are you a renter or landlord with questions about our local market? I'm here to help! 

FOR RENT | 2960 Eastlake Ave E #305

Have you given the Eastlake neighborhood a try?    The sun, the lake, the easy transit!! 

2960 Eastlake Ave E #305

1 Bedroom | 1 Bathroom

703 Square Feet

1 Garage Parking Spot Included

$2,100 per month

Tenant Pays Utilities

No Pets (Sorry Pets)

NWMLS #1126183

 

THIS HOME HAS BEEN RENTED. IT IS NO LONGER AVAILABLE

Eastlake is a beautiful pocket neighborhood smashed between Capitol Hill and Lake Union. This little sliver offers easy access to downtown, South Lake Union, the University District, and all points I5-related. It's known for house boats, The ZOO, and bright sunny homes like this one. There are plenty of new bars, cafes, and restaurants popping up too. My personal favorite: Mammoth. In this  living room photo, you can see this apartment has a very unique view. Peek-a-boo views of Lake Union and a rather interesting view of the interstate are oddly reassuring. 

This kitchen is larger than most you'll find these days. A gas range with his stainless steel buddies are all hugged by dark wood cabinets and stone countertops. The island is a nice feature for additional work space while chopping or a spot to put your laptop. Aren't these hard wood floors nice? What a great color palette. 

This bedroom is much larger than the photos give it credit for. You have a large window looking out to the green space. It's very, very private. There is an oversized closet for all your gear and the wall along the hall side can open up wide or close down tight depending on your mood.

Eastlake is a pocket neighborhood you may have overlooked before. Now is the time to give it some serious thought. Give me a call for a private tour today! 

FOR RENT | 1940 West Seattle Bungalow IT'S BACK!!!

This 1940 West Seattle Bungalow is Outstanding! 

3110 SW Trenton St. 

2 Bedrooms / 1 Bathroom

900 Square Feet

$2,200 Per Month

Utilities Split 50/50 With Owner

No Pets (sorry pets)

MLS# 1128063

THIS HOME HAS BEEN RENTED. IT IS NO LONGER AVAILABLE

That's right! This cute West Seattle Home is back on the rental market. Come snap it up before someone else does.

It's the rental high season here in Seattle. Moving trucks are everywhere. Both tenants and landlords are spilling their sweat equity into rental properties all over town. How has your search been so far? It's pretty rough out there. Especially if you are looking for something affordable. Are you tired of loafing your stuff up and down stairs to an overpriced, tiny, apartment from the previous turn of the century? Well, here is the answer to your needs. You've been hearing if for a couple of years now. It's a slight whisper blowing across Elliot Bay that says:

"West Seattle... it's really great here... seriously... no, it's not that far..."

This 1940 bungalow has freshly finished hardwood floors. Real hardwood floors. Not those snap together pressed wood like planks all those townhouses have. These were side nailed to the floorboards in 1940 and refinished by local artists in 2015. 

This house also has a newly remodeled bathroom. That's right, subway tile, porcelain, glass, AND marble. Your eyes are not lying to you. It's real pretty. The two bedrooms are nicely sized. Both can fit a queen sized bed and a desk or dresser or whatever else you want to put in a bedroom. A washer and dryer also live in this house. You won't have to drag your stuff to the basement and risk a spider attack anymore. Clean clothes, at home, sans spiders.  

What's that one kitchen accoutrement that you can never seem to find in your budget? 

That's right! This house has an eating nook in the kitchen. It's big enough for a four person table. So you can invite other humans over to bask in the glow of the great deal you've scored in the Seattle rental market. You'll be a hero among renters. 

If that ins't enough, you'll have a wood burning fireplace. How adorable is that?! Cozy up on the couch and watch your cares drift away in the real flames of your real fire... come winter. For now, when it's 80+ degrees, you can chill out in the front lawn. So Huge! So shady! If the heat starts to get to you, head over to Westwood Village or one of the local watering holes like Locol Barley & Wine or The Westy. This house has a 63 walkscore which is pretty good for a neighborhood like this. 

I'm sure you're hands are trembling with too much excitement to fill out a rental application. That's alright, it's all online. Contact me about scheduling a visit and filling out an application. If you're not shaking with excitement, check your pulse, you might be an android. If you still have a pulse, here are a bunch more photos showing of this awesome house. 

Were the photos not enough info? Check out this video walkthrough. There is no audio in this video. 

FOR RENT | 116 16th Ave #C

Looking for a brand new townhouse to rent? Look no further... 

01-Exterior02.jpg

116 16th Ave #C

3 Bedrooms | 1.75 Bathrooms

$3,500 Per Month

1,519 Square Feet

 NWMLS # 1123464

Tenant Pays Utilities

Off Street Parking

Pets: Case-by-case with additional refundable deposit

Welcome to your beautiful new townhouse. New, as in NO ONE HAS LIVED IN THIS HOME! Open the door and you'll realize this is a luxuriously built modern home with all of the amenities you have grown to expect. The hardwood floors greet you, then follow you throughout the living areas. The bedrooms are all graced with plush carpet. Two bedrooms and a full bath make the first floor inviting and cozy. Let's grab those groceries and check out the kitchen. Oh, did I mention the roof top deck with the best city view ever???

The stylish kitchen is gleaming with its stainless steel appliances, built-in microwave, and a gas range. The white quartz countertops and backsplash perfectly compliment the grey wood cabinets. These are exactly what you would expect and yern in a modern townhome. What you won't see anywhere else, is a bonus pantry built in behind the kitchen. There is storage for every type of kitchen gadget in this lux prep area. If entertaining is your goal, this kitchen opens up to a spacious living room. 

Hello - city views! You know what you don't find in many townhouse rentals? A master bedroom with a view. Gaze out at the stadiums while you take a sleepy morning to yourself. The large master bathroom and huge walk in closet will help you prepare for your day on the town. Go get 'em! 

This deck... where do I start? It's massive. You'll have plenty of room for entertaining other or just watching the spring storms roll by. There are electrical and gas hook ups up here so you get get to grilling right away. The fantastic view continues up here on top of the home. This summer you will be envy of all of your friends before the Sounders game. Pre-game on your deck and stroll down to the stadium. Oh wait more views. Check it out below as well as all the other photos of this wonderful new townhouse. Click through the gallery.

Looking for more than photos? Here is a video walkthrough of the home. 

Now that you've seen how spectacular this brand new home feels it is time for you to text the Rent Guru and get your own private tour. Give me a call so you can see it in person. 

FOR RENT | 125 Warren Ave N #E

125 Warren Ave N #E | Come live in the heart of the Seattle

125 Warren Ave N #E

1 Bedroom | 1 Bathroom

$1850 per month

663 square feet

NWMLS #1118833

W/S/G included

This home has been rented. 

04-Living01.jpg

As you enter the front gate of The Pittsburgh, it's clear you are somewhere special. These two small buildings make a loving home in the middle of the city. Built in 1907 and restored in the early 00's the warm classing features and modern conveniences strike a creative balance that feels just right for Seattle. Come on upstairs and check it out.

This apartment is 663 square feet it feels huge! It has such a smart layout. The main hallway takes you from the front door, past the bedroom and bathroom to a stunning living room with gas fireplace. As you turn you realize there is a full dining room with built-in cabinets and a full kitchen. One secret you may not notice right away is a built-in washer/dryer combo unit. 

The generous windows give you ample light year 'round. Don't worry about it beeing too sunny. This third-floor unit positions you right at tree level. You'll have beautiful dappled light all summer long. Do you need more sunshine in your day? Seattle Center is only a couple blocks away. Spend a day at the park. You're also very close to Belltown, South Lake Union, and the rest of the city. 

12-Kitchen01.jpg

While the square footage of the kitchen is small, you have plenty of storage with the open counter-to-ceiling cabinets. There is a full sized stainless steel gas range and refrigerator. This kitchen has something else most Seattle apartments don't, a back door leading to a second staircase. How lovely. 

I don't usually use a bathroom photo as a focal point but I love this classic beauty. The subway tile, pedestal sink, and DEEP CLAWFOOT TUB are not common in modern rentals. Your rubber duckie will thank you. 

Want to see more photos? Check out the slideshow below. Just start clicking to see more. 

As a rental expert, I can tell you, this is a great value. It's an honest price, fantastic size, and impeccable location. Give me a call to set up a private tour. You'd better hurry or I might just rent this one myself. 

FOR RENT | 11237 57th Ave S

11237 57th Ave S | This cute mid century is Pending Application

11237 57th Ave S

3 bedrooms | 1 Bathroom

$1700 per month

1000 square feet

NWMLS # 1112074

Garage not included

This home is rented. 

Drive a little further out and get A LOT more for your money. The owners of this cute little mid century have lovingly cared for this home since they purchased it. They are very excited to be renting it to you! This cozy living room welcomes you after a rainy spring day. The glowing hardwood floors have all been refinished to a majestic sparkle. These hardwoods will guide you throughout the home and into each of the three bedrooms. That's right, THREE BEDROOMS for under $2,000. The largest of the bedrooms has a sliding glass door and a deck out to the giant back yard. More on that below. 

This simple kitchen has some quirky flair to it. Check out that retro wallpaper behind the stove. There is plenty of storage space for your cooking gadgets. There is even a second door out the carport so you can walk your groceries in without getting wet. Where else can you find a large dining room for this price? 

Check out this bathroom! I don't say that very often... While this is a one bathroom home, there is plenty of space to stretch out and relax after a long day at work or an active day out and about. 

This back yard is massive. If you're not careful, you'll get lost in the tranquility of wildflowers and native plants from around the PNW. There is even a bird blind if you want to hide away from the northwest birds that populate South Seattle. 

I can go on and on about this home. It's truly fantastic and It won't be available long. Check out the slideshow of photos below and then give me a call to set up a private showing. 

FOR RENT | 1626 26th Ave

Make This Spacious Central District ADU Yours

Spacious living room and kitchen greets you at the front door. 

Spacious living room and kitchen greets you at the front door. 

1626 26th Ave. Seattle WA

1 Bedroom | 1 Bathroom

$1,750 Per Month

700 Square Feet

New Construction

Private Patio

Private Washer and Dryer

Utilities Split Upstairs Unit 50/50

This home has a pending application. 

Seattle's Central District is highly coveted for having quiet streets and easy access to downtown. This freshly built Accessory Dwelling Unit (ADU) is a rare opportunity to live in a modern setting without having to live in a giant complex. 

A cute house in a cute neighborhood. 

A cute house in a cute neighborhood. 

As you walk in through your private entrance the very first thing you'll notice is the wifi enabled programmable electronic lock. No more fumbling for your keys, just punch in the code. This is only an example of the smart home technology and extra care that was put into designing this urban oasis. 

REAL hardwood floors

REAL hardwood floors

Once you open the door and kick your shoes off, you'll notice the stunning hardwood floors. Ther's an extra secret here you may not notice right away. The floors are heated! That's right radiant heat has been built into the slab to make sure your toes are just the right temperature all year 'round. 

How do you control the temperature? By a smart thermostat on the wall of course. You can control the thermostat from anywhere at home or away via wifi. These are the type of smart home features that are usually reserved for homeowners. Let's continue the tour and see why renting this ADU is the best option on the market. 

Fancy kitchen! 

Fancy kitchen! 

Check out this kitchen. I'll tell you right now, you don't get this much counter space in most new construction one bedroom apartments. You also don't usually get a gas stove with a double oven. All of your cooking and baking projects can come to life in this fancy new kitchen. 

Wait, this is a rental?! YES!! 

Wait, this is a rental?! YES!! 

I'll be honest, I don't usually showcase bathroom photos. I'm putting this one right here to show you. THIS IS NOT YOUR TYPICAL NEW CONSTRUCTION APARTMENT. I'm only slightly sorry for the ALL CAPS. Subway tile surround AND an actual bathtub. You can actually get wet in this bathtub. No more plastic shallow tub for you. You deserve better. You can have it HERE. Also, check out those finishes. How cute is the bathroom? 

A giant bedroom with a huge window. Not pictured a separate laundry closet! 

A giant bedroom with a huge window. Not pictured a separate laundry closet! 

I'm going to end this post with a slideshow below of all the other photos. This apartment is really special. The owner took all the care necessary to make this a fantastic home. If you're worried about living under someone, DON'T. The owner made sure to add extra insulation to that noise won't be an issue between you both. 

At the time of my writing this, the owner is putting the finishing touches on a private fenced in patio for you to use however you like. Come take a look. Give me a call for a private showing. 

Don't become a number in a giant complex. Rent here. Become part of a community. You'll be glad you did. 

Slideshow: Click the photo for another photo. 

FOR RENT | The Gallery 2911 2nd Ave #604

Belltown living couldn't be simpler. 

2911 2nd Ave #620

1 Bedroom | 1 Bath

$2,400 Per Month

843 Square Feet

Space Needle View

Modern Style

W/S/G + Gas Included

Parking | Additional $200 /mo

This home is rented

Come live in Seattle's urban core: Belltown. Whether you're looking for a place close to the office, close to the club, or close to the beautiful outdoors this is your spot. Living downtown you're usually looking for three things: A. Walkability (Walkscore 96) B. Transit (Rapid Ride & Local buses within two blocks) C. A building full of amenities (We've got 'em, check the photos). 

I wouldn't usually lead with a rooftop view but look at this. Seriously. 

I wouldn't usually lead with a rooftop view but look at this. Seriously. 

This hip, modern, one bedroom condo is all you'll need to impress your house guests. Inside the front door, you'll see crisp hardwood floors. Moving through you'll find a GIANT bedroom. Your days of "jr. one bedroom" dwelling are over.  Then it's on to the kitchen, stainless steel appliances with a gas stove, that checks out. Plenty of room for guests to dine and chill and OH WOW the Space Needle is RIGHT THERE!! 

Step on out for some fresh air. Feel your balcony envy washing away for good. 

Step on out for some fresh air. Feel your balcony envy washing away for good. 

I'm going to post a whole bunch of photos at the bottom. Flip through them, you'll love this place. Some things you may not see in the photos are the fact that this condo has 13 ft ceilings. You can finally work on that tandem juggling act you wanted to start. You may be wondering, "Where do I store all this juggling equipment, Rent Guru?" There is a storage room right down the hall. You can even put your own lock on it. There are a washer and dryer in unit. They have their own closet too. You'll also get a dishwasher. No more needing to hire a cleaner or take your clothes to a dirty basement. Now that you know that, you might be thinking, "how am I gonna keep my biceps glistening if I'm not hefting laundry to the basement every week?" You're in luck! There is a gym in this building. No membership required. With all your chores done, you can lift heavy things for recreation. 

Gym! There's a gym! Lift them gym things. 

Gym! There's a gym! Lift them gym things. 

So there is a gym, great! What else? There is a community room for hosting a cooking show or something. A pool table. Multiple conference rooms for business type things. There is even a business room! (What will they think of next?) There are a couple of open roof areas for BBQ-ing and outdoor viewing. If you have some guests staying for a few nights, there are two suites on the 2nd floor you can reserve at the concierge. 

That space over there is itching for a 6 person dining room table. 

That space over there is itching for a 6 person dining room table. 

Let me say that again: YES, there are units available for guests. YES, there is a concierge. He or she is there all the time. They'll get your packages for you, they'll call a taxi for you. What else do you ask a concierge to do? I'm sure they'll do that too. 

What a spacious bedroom. Sweet dreams. 

What a spacious bedroom. Sweet dreams. 

This building really does have it all. And if it doesn't have it, you can find it right down the street. Come take a look in person. My photographer does a stand-up job (Shout out to John) but seeing with your own eyes will make all the difference. Give me a call. 

Click on each photo to see another photo -

FOR RENT | Mt. Baker Bungalow

Want to live in a Mt. Baker Bungalow? Now is your chance! 

3824 39th Ave S

2 Bedrooms | 1 Bathroom

$2,100 per month

1660 Square Feet

Huge Yard

Mid-century Style

You've been hearing about how great the Mt. Baker neighborhood is. Now is your chance to live the dream. This beautiful mid-century bungalow is your perfect escape from apartment living. You'll have all the charm of a well-maintained bungalow with modern amenities. Keep reading for more photos and info! 

Check out this living room! These beautiful hardwood floors flow from here through both bedrooms. That is a wood burning fireplace. What a cozy convenience on a cool fall evening. See that built in book cabinet over there? There are plenty of cute little built-ins in this home.  

How about this kitchen? Classic tile countertops and backsplash, check! Gas range, check! Dishwasher, check! What you can't see is a beautiful view of the backyard and room for a dining table. Let's move on... 

What good are a cute living room and kitchen if the bedrooms aren't awesome. Well, this house has awesome bedrooms too. Corner windows and cedar lined closets. You'll wake up every day thinking, "this is a great house!" Sweet Dreams. 

Let's go outside. Look at this fantastic yard! There is plenty of space to roam around. You could host a bunch of people on a sunny day. This yard is fully fenced which means it's the perfect space for a dog. Eh? 

There are plenty of other great photos of this house. You'll find them below.

Other things you should know about this house: 

  • Washer and Dryer included
  • Heated floor in the bathroom
  • Instant hot water from the tankless hot water system
  • A garage perfect for your next tinkering project
  • Extra storage space and entertaining space in the basement.

Now you've seen the photos, give me a call to see it in person. Don't wait too long. This house will rent fast! 

Ice Cube Talks About Eames

I don't know about you, but growing up in Spokane in the 90's gave me a great appreciation for gangster rap. I listened to a lot of other music too, don't get me wrong. I'm not exactly sure what the correlation is. Part if it was always feeling like you were trapped in sprawl. Part of it is most definitely the heat and the beautiful summer days. Growing up in the west, I've always had a small pull to live in Los Angles. I've been lucky enough to visit a couple times this past year, and I've visited a bunch as a kid. LA never disappoints. It's magical and overwhelming. It gets too hot and there is way too much concrete. But I love hearing people describe why they love LA so much. This is of course with the exception of Randy Newman. Check out this quick video of Ice Cube talking about why he loves LA and Charles and Ray Eames. It marries two of my favorite things Ice Cube and Mid Century Modern design, oh yeah, and LA. 

RENTED | Mid-Century Masterpiece

You Missed Your Chance on This Mid Century Masterpiece 

IMG_8300.JPG

 7818 S 114th Ave Seattle WA

This Home has been Rented! 

$2,600 per month

3 Bedrooms / 3 Bathrooms

2,780 square feet

2 Car Garage

02 Livingroom 01.jpg

This early mid-century house is stunning and it's huge! If you like to spread out, you'll have plenty of space here. You can entertain in this large formal living room warmed by a wood fireplace and radiant heat. There's also a formal dining room for extra large dinner parties. Is it too warm for a fire? Step out on the deck and enjoy the warm summer breeze. The yard is cozy, private, and boast multiple fruit trees. 

Let's go back inside. Down the hall from the living and dining rooms are two bedrooms, one has its own private full bathroom. All of the closets on the main floor are cedar lined. You won't find that in new construction. You also won't find closets this huge! There's storage everywhere. Closing out the main level is the kitchen. All of the appliances are updated and clean. You'll have plenty of sunshine pouring in while you eat breakfast at the breakfast nook. 

We've already seen so much house and we haven't even seen the basement yet. Downstairs you find another large bedroom and full bathroom. A laundry room, office/non-conforming bedroom, and giant rec-room fill out the basement. 

Are you a motorhead? Are you looking for a place to tinker? You'll love this two car garage. That space on the floor, that is a mechanic's pit. You can change your own oil or replace the transmission on your 67 Ford Ranchero. There is plenty of space to work above ground too. You won't find it in the pictures but above the garage is another huge space for storage or more tinkering. 

You'll love this home. You have to come check it out. It won't last long. 

Need more photos? There is a gallery below! 

RENTED | Royal Crest Penthouse

The Royal Crest Penthouse Has RENTED

IMG_8298.JPG

2100 3rd Ave #2603

$3,995 Per Month

Two Bedrooms / 2.25 Bathrooms

2100 Square Feet

Parking, W/S/G, & Electricity Included

$250 Move-In Fee required by HOA

 

Your apartment search begins and ends here. This palatial penthouse condo is calling your name. 2100 square feet is plenty of space for entertaining friends. Premium carpets, cherry hardwood floors underfoot, and custom light fixtures will remind you, this isn't your typical high end rental.

You can cook world class meals in this giant kitchen filled with stainless steel appliances. Not just any appliances. These are high end Bosch and Sub-Zero units. There's even wine storage and an induction cook top. Want to kick up your culinary craft? Your new home is blocks away from Pike Place Market. If that's not enough entertainment space, you have three decks on which you can watch the sun set over the Olympic Mountains, Puget Sound, and the Downtown Cityscape. 

Let's talk  bathrooms. 2.25, that's a pretty weird number. Here's the breakdown. You have a half bath in the front of the house and a 3/4 bath midway through the apartment. Lastly, you have a cavernous master bathroom that'll leave you feeling calm and rejuvenated every day. A steam shower or Jacuzzi bath will work wonders to wash away a gray Seattle day. The master bathroom has a walk in closet. All the bathrooms have radiant heated marble floors. 

Keep scrolling through for gorgeous photos of the bedrooms, views, and living spaces below. The last two things I want to talk about are HOA common areas and walkability. You know what you get here that you won't find in other new construction apartments. A POOL. That's right an outdoor pool you can use any time you want. There is also a workout space and a club room, in case you don't want to entertain in your apartment. Now let's talk walkability. The other apartment buildings will bring up walkability because they don't have parking. Here, 1 covered, secure parking spot is included in the rent. And you'll need it, because you can get anywhere from this condo. I'm a big fan of walking. I like to go for 5 miles as often as I can. Do you know how far you can get if you walk 5 miles from 3rd and Lenora? Name a core Seattle neighborhood and you're there. On top of that, you don't have to ever walk uphill to get home. The Royal Crest has a 99 Walkscore. This means you'll never have to leave your neighborhood, unless you want to. Think about this: you can walk to work. Stop by the market on the way home, or maybe grab happy hour with friends. Head home, cook dinner, and then head right back out for nightlife, art openings, or performances. They are all moments away from your front door. That's a luxury greater than any other. 

Give me a call or shoot me an email. I'm happy to give you a private tour of this apartment. 

Seattle Apartment News - June 2016

Is it June again already? Here is some Seattle Apartment news for you. I know it's been a while since I've posted. The first half of 2016 has been an extremely productive time here at Rent-Guru. Renting in Seattle isn't getting any easier, although is it getting a little safer and a lot more expensive. Most of these articles are from the past month or so. I hope you enjoy. 

A photo I took near the new Rent Guru HQ

A photo I took near the new Rent Guru HQ

Please excuse any messyness here. I'm posting this from an airplane. I'm headed to Los Angles for some downtime and the Dwell on Design Convention. Want to see what i'm up too? Follow me on Snapchat, twitter, or periscope. SC: Bkhighfive Twitter: @rent_guru P: @bkhighfive

Trends in rent prices are completely predictable. Eric Fischer transcribed 30 years worth of "For. Rent" adds from San Francisco newspapers. What he found is pretty amazing. Apartment prices follow a very clear path and can be broken down to three key factors. http://observer.com/2016/05/a-guy-just-transcribed-30-years-of-for-rent-ads/.  

Trying to decide weather to purchase or rent a home? Here are some points to keep in mind.  http://www.nytimes.com/2016/06/05/upshot/four-not-so-obvious-things-to-consider-when-deciding-to-buy-or-rent.html

Rents are still climbing higher than incomes http://www.marketwatch.com/story/rental-costs-continue-to-surge-past-incomes-2016-05-17

I'm posting this article because I really like the Gif for Seattle. It shows the number of $1 Million homes in Seattle over the past four years.  http://www.trulia.com/blog/trends/million-dollar-homes-2016/

Homeownership is down, renting is up.  http://www.forbes.com/sites/shreyaagarwal/2016/05/06/homeownership-rates-are-falling-and-its-not-just-a-millennial-problem/#d6ffc9aa9e02

No homes to purchase? Let's blame it on the Millennials. http://news.theregistryps.com/redfin-persistent-housing-supply-shortage-is-yet-another-thing-to-blame-on-millennials/

Is this news getting you down? You can always squat in Las Vegas. http://www.nytimes.com/2016/05/15/us/las-vegas-squatters-housing-collapse.html

Homlesness in Seattle continues to be a problem. One of the largest areas for this is under Interstate 5.  It's know as the jungle. http://www.seattletimes.com/opinion/editorials/why-seattle-must-remain-firm-on-shutting-down-the-jungle

Here is a story from the Stranger about a man camping on a ledge under the I5 cap.  http://www.thestranger.com/slog/2016/06/10/24192136/a-homeless-man-was-camping-on-a-thin-ledge-above-the-freeway

From Boingboing.net Five Essays About Homeliessness in Seattle  http://boingboing.net/2016/06/18/homeless-in-seattle-five-essa.html

Want to reduce homelessness and gentrification? We need more housinghttp://www.planetizen.com/node/86624/conflicting-views-how-best-combat-gentrification-explained

Looking for some relief to these high rental prices. Check out this interesting article from sightline.org talking about Mandatory Housing Affordabilty  http://www.sightline.org/2016/06/01/seattles-housing-future-depends-on-a-mathematical-and-political-balancing-act

For those Seattle renters who have affordable apartments keep this in mind if your landlord tries to jack up your rent.  http://www.seattletimes.com/seattle-news/politics/landlords-blocked-from-raising-rents-on-seattle-apartments-with-safety-violations/

Here is a second article about this great new regulation. https://www.thestranger.com/news/2016/06/08/24178683/stopping-slumlord-rent-hikes

You know my love for tiny homes and distaste for buzzwords. Here is an. Article about the new hot trend in added density. Shedquarters  http://lightersideofrealestate.com/real-estate-life/cool-stuff/shedquarters-new-trend-for-home-based-businesses

Let's talk about short term rentals for a second. Airbnb is in our local papers almost daily. Here are a few articles to keep you up to date. 

Airbnb Is A Key Player in The Sharing Economy  http://www.seattletimes.com/business/seattle-examines-airbnb-for-effects-outside-the-sharing-economy/

Seattle May Slap New Rules on Airbnb to Ease Rental Crunch.  http://www.seattletimes.com/seattle-news/politics/seattle-may-slap-new-rules-on-airbnb-to-ease-rental-crunch/

Australia has unveiled a new pedestrian control system. Traffic signals installed in the ground. How about instead of adding more lights and putting the emphasys on pedestrians not paying attention we limit city speeds to a maximum of 20 miles per hour. As cities become more crowded, right of way should be given to pedestrians and transit. http://www.engadget.com/2016/06/01/australia-traffic-lights-in-ground

I'm not the only one who things cars and cities don't mix.  http://www.fastcoexist.com/3060340/world-changing-ideas/why-did-the-us-let-highways-ruin-its-cities-and-how-can-we-fix-it?

As the weather heats up, you may want to reconsider that air conditioner  https://www.washingtonpost.com/news/energy-environment/wp/2016/05/31/the-world-is-about-to-install-700-million-air-conditioners-heres-what-that-means-for-the-climate

I'm pretty sure this is rental related. The history and world domination of IKEA http://fortune.com/ikea-world-domination/

Well that's it for now. I hope you've learned a thing or two on this tour of the news. Please feel free to send me your questions or articles you find. I'm always looking for more information for this blog.  

Katy Perry Moving to Seattle?

Is Katy Perry Moving to Seattle?! 

 

Well, that's what I heard. True or not, I took the afternoon to find 5 awesome homes and one amazing apartment building that would be perfect for Katy Perry. As a real estate broker, it's my job to do this sort of thing. :-) What goes into finding the perfect home for a diva? Secluded enough for privacy, large enough for entertaining, fancy enough to wow people, and money is no object. 

I wrote about it for the Team Diva Real Estate blog.

You can read the whole article here. 

Winter is Coming and So Are The Deals

Winter’s Coming and So Are The Deals

That’s right, it’s December in Seattle. We are all thinking about rain jackets, wool sweaters, and flavored drinks. 

Photo by Roy Powell

Photo by Roy Powell

The thing at the bottom of everyone's to-do list? Moving

It’s my expert opinion that winter is the best time to move in Seattle. I’m going to give you some reasons I believe this and some tips on how you can take advantage of the winter move. 

Long before I became an expert on rentals, back when I used to manage an apartment building I noticed something interesting. Apartments do not rent in the winter time. They sit. For months. No matter how many craigslist adds I posted, the phone calls were nil. 

Why is this? 

Moving in the rain sucks. We love the sun (or at the very least, dry weather). No one wants to think about shlepping their boxes across town in the rain. Well, if you dare to adventure, you could end up with a sweet apartment at a lower rate. That’s right.

There are deals to be had in Seattle. 

When apartments aren’t rented, the building loses money. It would behove most landlords to have a full building year round. This is true even if the apartment is rented below market rate. Empty apartments still require maintenance and upkeep. They still have to heat it. When I coach landlords I tell them to make sure their vacancies open in the spring or summer months. This is when you can get the highest rents and have the most number of people looking. For short-term renters, this is your best time to ask for a six-month lease. If you start the lease in January, your apartment will be available again in July. Win-win! 

When is the best time to move? 

Right now! Start looking today. November, December, January, and February are your target months. The sooner you can start looking, the better. Some business (Amazon) hire in big waves come January, so you will want to act fast. Inventory will be lower than in summer months, but don’t let this discourage you. 

How does a landlord entice renters in the winter?

1. Lower rent: I’m not talking about a $500 per month drop but possibly $50 - $100 per month. $50 per month for 12 months is a $600 savings to you. They’ll often offer 1 month free. 

2. Added amenities: Is the carpet in your future home at the end of it’s life. It can be replaced. Maybe there are really great hardwoods underneath. Landlords sometimes comp pet fees. They might even be willing to throw in new appliances or parking. In core neighborhoods, parking is going for $150 - $300 per month. Recently, I worked a deal where the landlord was willing to rent an apartment furnished for 6 months, free! 

3. Gift cards: A lot of larger buildings will give you bonuses or gift cards for signing a long lease. It still looks like they are renting for a high amount on their books and you get to go on a shopping spree. 

4. Longer leases: Like I said earlier, landlords get the best return in spring and summer months. They might be willing to set you up on a 15 or 18 month lease. WARNING - in the City of Seattle, leases longer than 12 months must be notarized. Call me for more info. 

How do I cash in on these deals?

1. Be flexible. The best deals are often found where no one else is looking. Your walkability might suffer a little bit, but let's be honest, you’re looking for a deal. Also, the apartment might not be ready on the 1st of the month. Mid-month rentals are hard for most landlords to fill.

2. Look to new construction buildings early. When a building opens their vacancy rate is very high (duh). They have the largest staff they can muster to fill apartments as quickly as possible. Most will negotiate with you. If they won’t, move on. 

3. Look for hungry landlords. Watch the market. This one will take some time. When you’re looking for apartments, look for the landlords that post multiple times per week. And look for buildings that come up over and over again. Multiple signs in the yard are your cue to call the landlord and start talking. These landlords most likely have more than one opening. They will often negotiate. 

5. Go to open houses. Stick around the open house for a while. Go early and then come back toward the end. If the open is slow, let the landlord or leasing agent know that you know it’s going slow. 

6. Ask. This is the biggest one. If you want a deal, just ask. Suggest that the landlord or leasing agent lower the rent or throw in something to make it worth your while. Be courteous, and kind. If someone likes you, they are more likely to give you something (duh). Most property managers are more worried about having apartments filled than the bottom line. This is where you can suggest favorable agreements for both sides.  

7. Hire the Rent Guru. That’s right. You can hire me to do the hard stuff for you. I’m a certified negotiations expert and I’m here to help you find the best place for your budget. Anyone can look for an apartment on their own, but sometimes it’s easier with a friend. 


There it is. You have all the tips for working the Seattle Winter Renter’s Market. Remember that this is a Renter’s market, if you are looking in the right places. 


If you’d like more tips I’m available to talk. Let’s grab coffee or a drink. If you hire me to help you, I’ll pay. :-) 

Feel free to contact Rent-Guru any time via Phone, Text, Email, or Social Media

Coldwell Banker Bain Lake Union, Seattle WA

Coldwell Banker Bain Lake Union, Seattle WA

This is my real estate team. 

This is my real estate team. 

Google+