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Tellus Realty

Contact Us Today At
877-413-7325
Office@TellusRE.com

PO Box 1113 Duvall, WA 98019

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Need help tracking rental income and expenses? Try this simple spreadsheet

We’ve created this simple spreadsheet, that we use ourselves, to track our rental income and expenses, and to report information to our accountant.  With it, you can create reports, including a Profit and Loss Statement (P&L) for each property or unit.  You can also see how much you are spending by category.  The spreadsheet is designed to do a lot of the basic work for you, while being customizable. You can add your own properties, expense categories, and income categories for use in tracking and reporting.

You can find a full description, and simple instructions here….

License and instructions for Rental property P&L spreadsheet
License and Instructions
Property and unit list for Rental property P&L spreadsheet
Property and Unit List
Expense Categories list for Rental property P&L spreadsheet
Expense Categories
Income Categories list for Rental property P&L spreadsheet
Income Categories
Expense Entry tab for Rental property P&L spreadsheet
Expense Entry
Income entry tab for Rental property P&L spreadsheet
Income entry
Details section of property report for Rental property P&L spreadsheet
Property report – Details
Property report - Income and Expense by Category report for Rental property P&L spreadsheet
Property report – Income and Expense by Category
Property report - summary for P&L spreadsheet
Property report – summary
Portfolio Summary tab of P&L spreadsheet
Portfolio Summary
Category summary tab of P&L spreadsheet
Category summary

Posted in: Commercial real estate, Landlording, Real estate investing Tagged: income and expnse, P&L, rental, spreadsheet

Apartment update from Dupre+Scott (Feb 1, 2013)

Check out the latest apartment update for the Puget Sound market from the great folks at Dupre+Scott (www.duprescott.com)

Check out the article that goes with the video at the Dupre + Scott blog http://www.duprescott.com/productsservices/articleinfo.cfm?ArticleId=596

Posted in: Commercial real estate, Landlording, Real estate development, Real estate investing

Independent Brokers Association class for real estate Investors and brokers at Redhook Brewery

THE POWER OF ANALYSIS™

How to Analyze Small Residential Investment Properties

A 3 hour class for real estate agents and investors presented by Asset Preservation Incorporated featuring Cris Anderson, Esq., Northwest Division Manager and 2007 Instructor of the Year, Seattle-King County Association of REALTORS®.

Only $20* for Class, Clock Hours and Lunch!Class Outline:

  • Receive update on 1031 law and tax changes recently passed taking effect in 2013
  • Learn what all investors need to know about the benefits real estate has compared to other “more typical” investments
  • Learn to calculate before-tax and after-tax cash flows
  • Understand cap rate and gross rent multiplier methods of determining approximate value
  • Learn to analyze cash-on-cash returns (return on investment) and return on equity models
  • Learn how lenders view investment property and how to calculate debt coverage ratios
  • Use real life case studies and examples to illustrate key concepts

Thursday, February 21, 2013

Redhook Brewery Weatherman’s Room, Woodinville

10:00 am to 1:00 pm
Sign up at the IBA website: http://www.nwiba.com/poa/Default.aspx

Posted in: Commercial real estate, Real estate investing Tagged: apartments, classes, investing, redhook

Weekly apartment update from Dupre+Scott

Check out the weekly apartment update for the Puget Sound market from the great folks at Dupre+Scott (www.duprescott.com)

Posted in: Commercial real estate, Real estate investing

We’ve redesigned the Tellus Real Estate website

With the help of the guys at Applied Imagination Media (www.aimbiz.com), we’ve redesigned the Tellus Real Estate Solutions website.  We’ve kept our original vision intact, providing clients a a way to find content and tools that meet their needs, whether its buying a new building as the headquarters to their growing business, looking to lease space in the newest shopping center in the area, or selling their home and downsizing.

But, we’ve made it cleaner and more readable.  We think you’ll find the information you need faster and be able to take action more quickly, also.  And, for clients with current listings or transactions, we’ve created custom pages for you where we can go to find documents, links, and notes about your transaction.

Take a look around the new site and let us know what you think.

 

Posted in: Commercial real estate, Residential real estate Tagged: aimbliz, applied imagination media, new website

Some client feedback on recent BPO report performed by Tellus Real Estate

Its short but sweet!  A client that we regularly perform Broker Price Opinions (BPOs) for sent this feedback this weekend.  I love getting this kind of feedback.  It makes the hard work that goes into these reports worth the effort.

“Jason,
Thanks for the phenomenally comprehensive report! After being in this business for 40 years, it’s a real pleasure to review a report by somebody who clearly cares about getting it right.”

If we’ve done some work you think is memorable, please let us know.  And, be sure to let others know via LinkedIn, Facebook, or Twitter, or Yelp

Posted in: Commercial real estate Tagged: BPO, broker price opinion, customer feedback

The week in commercial real estate news for October 19, 2012

Gains in lease rates, higher home prices, Getty Images, green construction, and lots of other real estate news.

Commercial Real Estate Shows Gains in Leasing, Rents and Pricing

The real estate recovery is set to advance in 2013 as modest gains in leasing, rents, and pricing will extend across U.S. markets from coast-to-coast and improve prospects for all property sectors, according to the findings of the Emerging Trends in Real …

New Seattle federal building held up as model of green construction (slide show)

Come late November, 650 Seattle District U.S. Army Corps of Engineers staff will move into their environmentally friendly new digs — the Federal Center South Building

Getty Images $3.3 billion sale complete

The $3.3 billion purchase of Getty Images of Seattle by The Carlyle Group is complete.

Boeing opens tanker boom production facility in Seattle

Boeing Co. said it’s opened a production facility at Boeing Field in Seattle that will produce booms for the KC-46 refueling tanker.

Mortgage Rates Continue Steady March Higher

Mortgage rates have been higher every day this week , with Thursday’s losses matching the pace of the past few sessions. The overall difference in trading levels of the securities that underlie the mortgage market is fairly minimal, but because bond markets began the day moving into better territory, the afternoon weakness was fairly abrupt. Best-Execution recently moved up to 3.375% from a brief stay at 3.25% and are already close to 3.5% again, a level not seen consistently in more than a month…

US home sales dip 1.7 percent on tight inventory

U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale.

Posted in: Commercial real estate, Residential real estate

Real estate news highlights for the Puget Sound

Amazon buys its headquarters’ campus for $1.16 billion.

Amazon.com has agreed to pay $1.16 billion to buy its 11-building headquarters campus in Seattle’s South Lake Union neighborhood, according to an Amazon regulatory filing and a release from the seller, Vulcan Inc. http://www.bizjournals.com/seattle/blog/2012/10/amazon-to-pay-116b-for-11-seattle.html?ana=e_du_pub&s=article_du&ed=2012-10-05

Industrial market in Puget Sound set to improve

The industrial real estate market in the Puget Sound region is on track to have its best year since 2008, thanks to relatively strong job growth, according to a new report from Kidder Mathews.  http://www.bizjournals.com/seattle/news/2012/10/01/puget-sound-regions-industrial-market.html?ana=e_du_pub&s=article_du&ed=2012-10-01

Unemployment drops under 8%

WASHINGTON, DC-It was a major talking point during the recent presidential debate–that unemployment has languished above 8% for months. Presidential hopeful Mitt Romney will have to adjust that sound bite–though not dramatically–in the wake of the latest monthly jobs report issued by the the Bureau of Labor Statistics.

http://www.globest.com/news/12_452/washington/office/Unemployment-Finally-Drops-Below-8-325782.html?ET=globest:e32694:473714a:&st=email

 

 

Posted in: Commercial real estate, Real estate investing Tagged: amazon, employment, industrial, news

King County – Eastside absorption rates for office space

Are you wondering how office space is doing on the eastside? There are definitely pockets where things are looking better, but still quite a bit of space available. As you can see from this graph, absorption is still up-and-down.

But, its definitely looking better (for landlords and investors) than it did in 2009 and 2010. In particular, its looking up for class A space.

Graph of Eastside King County Office Absorption by Quarter September 2012If you are looking for space to lease, let us know and we can help you with your search.

Do you need help finding a good tenant? We can help with that too. Contact us to see how a Tellus marketing plan can find you a high quality tenant, faster.

 

Posted in: Commercial real estate Tagged: absorption, eastise, king count, office space

King County – Eastside – August 2012 Commercial Sales Summary

The following eastside commercial property sales were reported/researched by the Commercial Brokers Association and Northwest MLS in August. 

Contact me for details or for a market report for your specific area.

[skype-status skype_id=”Jason.TellusRE” user_name=”Jason Hershey, Designated Broker” button_function=”Text” use_voicemail=”False” use_getskype=”False”]

Property Name Property City Recorded Date Sale Price Building SF Price / SF Year Built Property Type
220 Sydney Ave N North Bend 8/23/2012 $210,000.00 1,350 $155.55 1950 Retail/Office
1611 Market Street Kirkland

8/15/2012

$517,500.00

1,190

$434.87

1924

Office
Starpoint Condominium – Unit C106 Issaquah

8/10/2012

$
575,000.00

2,187

$262.92

2007

Office
Cantrill Hall Bellevue

8/8/2012

$ 840,000.00

2,966

$283.21

1945

Office
Totem Valley Business Center – Building B2 Unit A Kirkland

8/10/2012

$ 868,500.00

5,913

$146.88

1983

Office
Rosies Too and Kennedy Lamp & Shade Bellevue

8/13/2012

$ 1,475,000.00

6,925

$213.00

1958

Retail
CF Truck Terminal – Woodinville Woodinville

8/3/2012

$ 3,200,000.00

9,200

$347.83

1981

Industrial
Marina Park Building Kirkland

8/20/2012

$ 5,650,000.00

32,204

$175.44

1980

Office
Sherwood Shopping Center Bellevue

8/21/2012

$ 18,750,000.00

61,176

$306.49

1970

Retail
City Center Bellevue Bellevue

8/21/2012

$228,765,000.00

695,148

$329.09

1987

Office

Posted in: Commercial real estate, Real estate industry, Real estate investing Tagged: august 2012, commercial real estate, eastside, market report

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About Us

Welcome to Tellus Realty! We’re is committed to helping you make informed and rewarding decisions whether your or looking to buy and sell real estate, or in search of a new home for your license. Tellus Realty provided a more personal, one-on-one experience. We are not affiliated with a big-box or franchise where agents and clients are viewed as a statistic or number. Our team focuses on service and quality.

Our Communities

  • Duvall, WA
  • Woodinville, WA
  • Monroe, WA
  • Carnation, WA

Contact Us

PO Box 1113 Duvall, WA 98019

Office@TellusRE.com
877-413-7325
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