All Forum Posts by: Mike F.

According to SB608 A landlord can terminate a tenancy to make renovations where the unit will be unfit for occupancy during the rehab. Has anyone used this to bring rents to market rate, and get around the rent control cap? Would painting and new floors suffice as a qualifying reason to end a tenancy during non covid times?

(5)The landlord may terminate a month-to-month tenancy under subsection (3)(c)(B) of this section at any time, or may terminate a fixed term tenancy upon the expiration of the fixed term under subsection (4)(c) of this section, by giving the tenant notice in writing not less than 90 days prior to the date designated in the notice for the termination of the month-to-month tenancy or the specified ending date for the fixed term, whichever is later, if:

(a)The landlord intends to demolish the dwelling unit or convert the dwelling unit to a use other than residential use within a reasonable time;

(b)The landlord intends to undertake repairs or renovations to the dwelling unit within a reasonable time and:

(A)The premises is unsafe or unfit for occupancy; or

(B)The dwelling unit will be unsafe or unfit for occupancy during the repairs or renovations;

Ignore: Oregon, Portland, Eugene,

$100 gift cards for $70 at Vancouver wa Costco for Miller paint. It's a trial item so possibly Vancouver WA only. To good not to share. its the Costco on NE 84th.

Vancouver gresham Longview Portland kelso

The yards are set up as low maintenance yards. I pay a neighbor a couple bucks to mow the lawn and do a thorough cleaning once a year or so. I pay all bills,  send out an email with the monthly totals to be included with the upcoming month's rent. Not the best system but works for 2 houses. 

$500-700 definitely would not work for many houses and parts of town . For a 4/2 house that would rent to a family for 1650/ month. I'd get 550/ room + 600 for the master+30 for use of garage parking.

711 W 38th St, Vancouver, WA 98660. (could likely be picked up for <240k)

Which is currently being poorly marketed fits this model. I'd finish the basement with a bathroom, And market it as a private entrance suit, and get 550/ room upstairs+ 650 for the basement. Market the house as walking distance to all the micro breweries and turn it in to a 2850+/ month rental. 

A lot of thought goes in to the compatability of the house mates. When it comes to being happy with your living environment where you live is only half as important as the people you live with.  Many people will pay 20%+ over market if they can live with potential friends. Most other property owners only sale the property in their adds. I sale the property and the people who live there. 

Extra effort goes in to maintaining a positive relationship with the neighbors and getting the tenants to feel ownership the house. 

It seems to differ from city to city. This article gives a good explanation.

http://www.sightline.org/2013/01/02/the-roommate-g...

For Vancouver Washington 6 seems to be the max amount. If i'm reading this correctly. Or maybe its 6+ owner.

according to municipal code 20.150.040:

Household. An individual, two or more persons related by blood or marriage, a group of two or more disabled residents protected under the Federal Fair Housing Amendment Act of 1988, adult family homes as defined under Washington State law, or a group living arrangement where six or fewer residents receive supportive services such as counseling, foster care, or medical supervision at the dwelling unit by resident or non-resident staff. Up to six residents not related by blood or marriage who live together in a single-family dwelling or in conjunction with any of the above individuals or groups, shall also be considered a household. For purposes of this definition, minors living with parent or legal guardian shall not be counted as part of the maximum number of residents.

I'm currently renting out 2 SFR houses by the room in an area that attracts young professionals and am loving the high cash flow.

Im a little disorganized,  and with having a full time job I am starting to get overwhelmed with managing utilities and turnover and am questioning if renting by the room is feasible on a large scale business model of 10+ houses. 

Is there anyone out there that rents by the room on a large scale? What is the best way to manage utilities for renting by the room for multiple houses? Are their property managers that will manage by the room? 

Regards , 

Mike 

Ignore: vancouver Washington , San Francisco San Diego ,  Seattle , Houston , house hacking, college students, adu ,  Portland,  Denver