Rental Registration & Inspection Ordinance in Seattle, WA

[Chanté Owens]

I don't know if this subject has been broached elsewhere on the forum (I did a cursory search and didn't see anything). 

I attended an REIA meeting here in Seattle, about a month ago, and this was the big thing they were discussing at the meeting. There was a handout too that discussed it in more detail w/links to the areas this needed to be checked out. I'd HIGHLY recommend that any individuals that own or manage rental properties in Seattle check out: www.seattle.gov/RRIO.

Those required to register is anyone who owns or manages  a rental housing unit in Seattle; unless they qualify for an exemption (note: most probably won't qualify for an exemption).

• All properties with 10 or more units must be registered by September 30, 2014
• All properties with 5-9 units must be registered by March 31, 2015
• During 2015 and 2016, single-family, duplex, triplex, and fourplex properties with rental units will be registered. The specific and complete schedule of due dates is available on the www.seattle.gov/RRIO site. 

As we know EVERYTHING has to do with $$$$:

Number of Rental Units:

1 - Base Fee property + 1st unit) $175.00 (unit fee 0) Total for five years $175

2 Units - Base fee $175 + $2.00 unit fee - Total for five years $177

10 Units - Base Fee $175 + 18 - Total for five years $193

100 Units - Base Fee $175 Unit Fee $198 - Total for five years $373

Just wanted to give this FYI for those who may be unaware.

Also, during my meeting, a Construction Defect Attorney was there, and he gave FABULOUS information on common areas of inspection and how to spot water intrusions. He discussed what were the best (most recommended) ways to set-up (LLC, Inc, etc) when you were an investor.