All Forum Posts by: Account Closed

You have 59 units!?! SFH or MFH?

Hi and welcome. I am an investor with interests in Greater Seattle Area. Just purchased my first commercial real estate in everett. 

Happy to discuss and explore further.

Thanks

GM

You are spot on. Goes to show you political beliefs have now transcended rational thinking, education, and intelligence.

Instead of taking a rational approach to this story, perhaps understanding the root of the law, how it would actually happen if rubber hits the road, how to counter the law itself or open dialogue from parties, or even how it might not even happen given the Mayor doesn't support it, people jump to conclusion, wrap it around 'Merica being great or something, and then hit send.

People are acting like every single tenant in Seattle will be taking advantage of this. The reality is, 99% (or something in the high 90s) of people are just good people, from all walks of life. They pay their bills, they go to work, they're good citizens. This law, even if it gets enacted, is not going to change that. IF someone takes advantage of it, the landlord has recourse. You still owe the rent. You can still have a judgement against you. Your wages can still be garnished. An eviction will still go against your record, thereby signaling to future landlords that you either failed or decided to pay your rent and were evicted and/or had judgement against you. There are repercussions to all actions, including refusing to pay your bills.

I'd like to personally write this information on a baseball bat and swing it at some folks' head, because I believe that's what its going to take to get it through their thick skulls. But now I'm venturing into Twitter land with comments like that. :)

@Patrick McGrath

I have to say I’m surprised by many of the responses to this post. Part of being a landlord is accepting some responsibility for the people that live in our properties. To sit here and blame the tenants and the government is simply ridiculous. Not that they don’t do things wrong, and that there aren’t bad apples out there, but part of that is up to you. Know your market. Screen your tenants. Actually check their references. Understand the risks. Period.

To whine complain and point fingers is a complete waste of time and energy. The numbers either work out and support the risk or they don’t. It’s that simple. Keep the emotion, the ignorance, and the politics out of it.

Many of the responses to this post don’t belong on BP. Keep them on Twitter with the rest of the insanity. This is supposed to be a place to network and share info. Not to whine and complain. Get it together people.