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Updated over 3 years ago on . Most recent reply

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Jason Chung
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Is Seattle really that bad for landlords?

Jason Chung
Posted

I always hear folks saying Seattle is not landlord friendly, so I should not buy an investment property in Seattle. But reading up on the tenant/landlord rules, I don't really see any concerns. What is everybody worried about?

There is no rent control. I can increase rent as long as 1) I give 60 days notice if its above 10%, and 2) it's on a month-to-month. 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,056
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Before COVID even existed, Seattle passed a "winter eviction ban" that prevents a Landlord from evicting a non-paying tenant in the winter. Tenant could move in November 1st and pay their first month of rent, then stop paying for several months knowing there's nothing you can do about it.

Now they're trying to prevent the evictions of families with school-aged children during the school year because it will interrupt their learning. Somehow they feel it's the Landlord's responsibility to ensure children have a stable home, not the parents.

https://www.seattletimes.com/s...

I'm sure people can successfully invest in Seattle, but it's going to become increasingly difficult as they continue to pass these laws that favor bad actors and hurt the investor.

  • Nathan Gesner
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