Landlording
Tax time is coming – Here is a spreadsheet to help you track your rental expenses
Tax time is closer than you think. Instead of waiting till the last minute and handing your accountant a box of receipts, you can use this handy spreadsheet to organize your income and expenses. My accountant said she would love to have all her landlord clients using something like this, so here is one small…
Read MoreHave apartment sales gone undercover?
Our friends at Dupre + Scott goes into more detail about low number of apartment sales A couple of weeks ago, we mentioned that parts of the apartment market seem dead as far as sales go. Have the sales gone into hiding, or maybe they’ve gone undercover. This week the folks and Dupre+Scott give 5…
Read MoreIs the apartment market Dead or Alive in the Puget Sound? Depends on where you look.
Our friends at Dupre + Scott help explain why you might think the apartment sales market is dead in your area Its looking like the dead areas, like south Sound are balancing out the more alive market areas like North Seattle. Check their latest video article for some more details. Be sure to check out…
Read MoreLandlord 101 class on Tuesday October 22 in Monroe
Our Landlord 101 class is coming to Monroe on Tuesday 10/22/2013. You can find more information here: http://tellusre.com/ai1ec_event/class-landlord-101/ If you want to see what the class is like you can even check out our videos here: http://tellusre.com/investment/landlord-101-class-video-first-steps/
Read MoreWhat happens if I default on a commercial lease?
Commercial leases are generally much longer than a typical residential lease. The tenant is making a much larger financial commitment. In fact, the financial commitment is so large that new accounting rules were put in place to make sure that financial reporting by public companies reflected this commitment. For details see this NY Times article:…
Read MoreDupre+Scott takes the mystery out of vacancy rates
The fine folks at Dupre+Scott are demystifying vacancy rates this past week. My takeaway from the info they’ve been sharing lately? Smaller units are a better investment than larger one (aka, for multifamily go 1-bedroom, not 3-bedroom). Of course, I’m sometimes accused of oversimplifying things. Check out the video (always entertaining): Patagonia Vs. Apartments from…
Read MoreMultifamily update from Dupre+Scott at RHA’s Spring Workshop
On Wednesday before last we helped sponsor RHA’s (http://www.rha-ps.com) Spring Workshop. One of the featured speakers was Mike Scott of Dupre + Scott (www.duprescott.com). This weeks’ update is a summary of his presentation. Check out the article that goes with the video at the Dupre + Scott blog http://www.duprescott.com/productsservices/articleinfo.cfm?ArticleId=606
Read MoreRHA Call to Action – Oppose B & O Tax on rental income
I thought I’d share this call to action from the Rental Housing Association. If you, like I, own rental properties in Washington State. It is important to fight this tax increase. If you are a renter, I think you should fight it also. In the end, these costs will get passed to you. Effectively, as…
Read MoreTips for screening residential tenants in Washington State
In our Landlord 101 class we go over quite a few issues for new landlords. One of the most important is tenant screening. And, when doing your tenant screening it is really important to make sure you are screening the right person and not an identity thief. Here are some tips to help with the…
Read MoreFree expense tracking spreadsheet for your rentals – we’ve updated it
Spreadsheet is updated as of 12/18/2016! Are you done putting together your tax paperwork? I just finished mine and my accountant liked the spreadsheet. In the process of using it I found, and fixed a few bugs, so if you tried it before… try it again. And, if you haven’t started your taxes yet, its…
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