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. 

 

Filtering by Tag: Renter

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.  

Back to School Renter's Checklist

Hey Internet,

School is starting up again. Welcome back! So, you’ve decided to not live in the dorms this year – you’re gonna find a place off campus. Congrats! I commend you. You thought getting into your program was rough...it’s gonna be a little stressful, but as with online dating, if you give it some time and have an open mind, you’ll find what you’re looking for.

Photo by  Mike Mozart

Photo by Mike Mozart

 

Here are some tips that helped me find a place for college. Some of them may seem like no-brainers, but it’s good to review:

Step one: budget.

Whether you're paying with student loans, from Mom and Dad’s pocket, or with a day job, it’s important to know how much you can afford to spend each month on an apartment. Make sure to include parking, utilities, and move-in fees in your budget. Don't forget to factor in food (beer) and other personal bills you might have, such as credit cards. Most places will ask for first month, last month, and deposit upon moving in. This amount of money can be overwhelming, especially when you’re trying to buy books and a new zip-up hoodie so you can fit in. Oftentimes, you can work with the property manager or landlord to pay the last month’s rent over time. That said, I wouldn’t bring this up until your background check has gone through and you’ve been accepted.

Step Two: study up on the market.

Now that you know how much you want to spend, it’s important to have a realistic idea of what you can get for your money. Apartment prices are all over the place without much structure. Sure, everyone wants hardwood floors, a Space Needle view and stainless appliances. Be honest with yourself: are you going to spend that much time in your place? You’re a student on the go; focus on what is most important to you.

Step Three: looking for houses.

Search every website you can. Watch out for scams. If it sounds too good to be true, it probably is. Go to every opening you can. You might not apply to all of them, but you should see as much as you can. Pictures rarely do a space justice. How will you know you’re getting a good deal if you haven’t seen anything else? You’ll know the right one when you see it. The first few open houses will feel like a mad house. Once you get the feel, you’ll be able to navigate your way like a seasoned boat captain in port.

Step Four: look smart.

I’m not saying intelligence-wise. Dress like you’re important. Treat this as if it were a job interview. You don’t need to wear a tie, but make sure you’re well dressed and showered. Make the person showing the apartment feel like this is the most important appointment you have today.

Step Five: be on time.

This really means: BE EARLY. If it’s a one-on-one showing, be at least 5 minutes early. If it’s an open house, be no less than fifteen minutes early. Maybe more. This may seem ridiculous, but you would be surprised by how many apartments are rented right before the listed open house time. I’m sure you have some summer reading to finish up. Bring your book and a snack. You’ll be ahead of the pack.

Step Six: have all of your info ready.

You’re going to have to fill out an application, and almost every application is going to ask where you’ve worked and lived over the past three years. You'll need your social security or green card number. You might need to provide banking information. It’s also going to ask for contact info of your past employers and landlords, and you might want to consider having these people write you a reference letter stating what a great employee/tenant you were – it goes a long way. Make a bunch of copies. Flaunt your awesomeness. You might want to consider applying to more than one apartment. This way, you’ll have choices. It will cost you a little money, but it’s good insurance that you won’t be apartmentless.

Step Seven: ask the right questions.

Asking questions about the landlord is important. Informed renters are better renters. It makes you look like you care. “Where are you from?” "Do you live nearby?” “How did you get into owning/managing apartments/houses?” are all good places to start. Make sure you ask about utilities and parking, even if you don’t have a car. NEVER ask questions that will put doubt in the landlord’s mind, (e.g., “Where will my beer pong table fit?” "Is this wired for a second refrigerator?”). Don’t do it. If it’s that important (it’s not), make friends with someone in the electrical engineering program at your school.

If you are renting with roommates, make sure everyone is following these steps. Your whole team should be there, freshly pressed and ready to rock. You want to look like the simplest, most easy-going option for the landlord. It will make the difference between renting an apartment and being second place.

There are different types of rental options. Which of these sounds like the best fit for 

you?

Living alone - This could be in a one-bedroom or studio situation. Studios and one-bedrooms are readily available throughout town. These are the bulk of the listings you will find. Consider whether your budget allows for this.

Room share - If your budget won’t afford living alone, you can look into living with others. People will often post a room for rent within their apartment or house. They will often already have a lease, and you will sublease from them. These tend to be better for short-term renting, but some people find this fruitful for many years. Another room share option is through a company like Apodments or Footprint. They offer single rooms that share a common kitchen. Another added benefit is these rooms are often furnished.

Renting with friends – This could be a two-bedroom apartment or a multi-bedroom house. This is sometimes less expensive than renting alone. The nice thing about renting with friends is that you automatically have someone else to help out with housework.

No matter what style of rental you pick, if you use these tips, you will instantly be moved to the top of the heap.

Do you have any tips or tricks to effectively rent here in Seattle? Feel free to share in the comments below.

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+