“Hey Seattleites, it’s not all bad news. We are the #1 city to live in the United States… Wow…! Sometimes that might be easy to forget with everything going on here, but good to know, and that must mean people will still be moving here… 😊” -Rob Kellum Seattle stood out globally for its high disposable income and quality of…
“ As a Seattle landlord if you were wondering if you’re imagining how high insurance rates have become it’s not your imagination. Seattle is leading the nation in cost for multifamily property insurance. Not sure why that would be the case, considering all the weather disasters that happen in many other states that we avoid here. Might be influenced by…
“Evictions at all time high”…. Does that really surprise anyone? Certainly not people who are in management or ownership of multi-family properties. Apartment properties and their Owners have lost $Millions due to non-payment of rent over the past five years (Millions). And the true impact is double-fold on Landlords with the tremendous rise in the expense of operating an Apartment…
“Amazon announces another round of “AI layoffs”. Especially tough on Seattle and even Bellevue which are getting hardest hit. Both Amazon and Microsoft are consolidating more and more of their employees to Redmond WA, which is becoming THE tech “hot spot” in our area.“ Amazon.com Inc. (Nasdaq: AMZN) could lay off thousands more corporate employees next week, according to multiple reports…
“Just as predicted, it’s now happening. Not a big surprise. With expensive land cost and higher permit and preconstruction costs, increase material cost and higher interest rates, this was the perfect formula for a slowdown for multifamily.” U.S. multifamily construction starts dropped sharply in May as the industry copes with economic and tariff uncertainty, as well as elevated interest rates.…
“This is a wonderful “sweet & short” summary of how to be great in the most basic, but KEY elements of Property Management business…” As a rental property owner, your first instinct is to use a hands-on approach. You want to manage all your assets with your very own teams. But as your portfolio grows, that ambition may become a…
“The City of Seattle hard at work again. This type of business practice seems familiar….. shouldn’t they also ban the tech used by airlines and hotels and rental car companies as well…?” Seattle apartment complex. (GeekWire File Photo / Nat Levy) The Seattle City Council today unanimously approved a bill banning the use of software that critics allege allows for…
“Fantastic news for Moses Lake – more big tech moves into town. Moses Lake is proving to be a great location for tech with strong power requirements, and good live/work environment and affordability for employees….” Gene Berdichevsky, co-founder and CEO of Sila, says in the battery market “you either keep up with it or get left behind.” Sila Nanotechnologies Central…
“Once again, another sign that a number of companies are downsizing their office space as work from home and shared space becomes more “permanent”……” Pemco Mutual Insurance Co. on Thursday said it has listed its South Lake Union headquarters building for sale. In a news release, Pemco said it also put on the market three adjacent properties east of the…
“As the pandemic recedes and the moratoriums end, people may be surprised (shocked) at the “rent increases” that many areas around Seattle have experienced in the past couple of months. Several main issues exists here – one, that in many areas (especially in Seattle) rents were Decreased in many neighborhoods due to the pandemic shutdowns and violence and renter exodus…