Seattle-Tacoma & big cities: Navigating tenant friendly laws & secure investment goal

[Zillur Nazia]

About me, a new RE investor who owns a 4-plex. Looking for useful insight.

Understand the PRO's of investing in Seattle-Tacoma area & bigger cities (higher rent, demand, long time appreciation potential, etc.) Also the CON's, extremely tenant friendly laws
and potential for lost rent, unrecovered damages and lengthy eviction process.

- Are the CON's that bad as gets forum discussion/media coverage? How often is the nightmare scenarios?
- Are you actively considering moving your investment outside those cities? Or would you buy another investment property if get an OK deal?
- Anyone utilized Rent Guarantee Insurance (https://www.investopedia.com/terms/r/rent-guarantee-insurance.asp)? What's your experience?
- Other than through screening, any other strategy you use for securing income? Like, Section-8 guarantees a portion of the rent and up to certain $$ for damages.
- Anyone successfully collected unpaid rents and damages after eviction?
- Is there any shield for small investors, especially for non-payment scenarios?
- Can we expect any amendment to the laws anytime soon, any law-suit going on, OR push from Rental Housing Association/landlord association?

[Julien Jeannot]

@Zillur Nazia

I agree with @Sean Smith. I've been investing in the Seattle area for over a decade and I have yet to come across a nightmare scenario.

I play on buying two more multifamily in the north end in 2024.

I feel you can mitigate most of risk and take advantage of the upsides this market offers. The DIY is possible with time invested in education and treating your investment like a business or offshore it to a good property manager.