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Tellus Realty

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877-413-7325
Office@TellusRE.com

PO Box 1113 Duvall, WA 98019

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Landlord Success class followup

We had another great class last week. But, boy was it cold outside!

For this class, there are a lot of materials that I did not print out for the class, that I still want you to have. I have them posted to OneDrive.

First, here are the slides from the class:

And here is a peak at the current foreclosures available in Snohomish County:

Next, here is a link to the folder containing all the handouts (and non-handouts):

Here is what you’ll find in that folder:

  • Landlord101.pptx – The slides from the class (same thing ones you see above) – You can probably guess that I sometimes call this class ‘Landlord 101’
  • Handouts.docx – This is a ‘soft copy’ of the printed document in the folder you received in class
  • LTServices.pdf – This is an explanation of the Eviction process from LT Services, the eviction service I mentioned in calss. Be sure to check their website for more good info on evictions.
  • FairHousingWordList.pdf – This is a list of possible ‘gotcha’ words to look for when advertising your property. Remember this simple rule, focus on ACTIONS (no smoking), not PEOPLE (no smokers).
  • Tenant Selection Criteria.docx – This is a soft copy of the tenant selection criteria document in your folder. This is a copy of what I use when I look for tenants. Keep in mind that I have not had to find a new tenant in a few years, so review and make sure it meets your current needs before YOU use it.
  • Sample lease documents – There are several PDFS that are samples of lease documents provided by the Rental Housing Association (RHA). If you own a rental or expect to do so soon, I recommend you join RHA. The can provide either printed versions of forms, or access to versions you can fill out online and print. Here is a quick list of the samples:
    • RHA_Sample_Lease.pdf – This is a sample of the main lease, filled in with example information
    • RHA_Sample_Smoking.pdf – Example Smoke Free Addendum (no smoking rule)
    • SAMPLE_crimefree_addendum.pdf – Example Crime Free Addendum (no breaking the law rule)
    • SAMPLE_military.pdf – Example addendum to use when you have military tenants. They can break the lease if they get redeployed.
    • SAMPLE_RHA_Mold.pdf – Example of the Mold Addendum that is required by state law – Has nothing to do with you actually having mold.
    • SAMPLE_RHA_petaddendum.pdf – Example of Pet Addendum to use if you accept pets.
    • SAMPLE_RHA_smokedetector.pdf – Example of a required addendum – Warns tenants not to disconnect smoke detectors.

Attorney info

I mentioned Chris Benis in class. I can’t say enough good things about him. He is great. Ok, he is also not cheap. But, don’t expect a really good attorney to be cheap. Here is a link to his web page.

Good luck with your future rentals and tenants!

Posted in: Residential real estate Tagged: classes, landlord 101, landlord success, Monroe

Buying foreclosures class follow up

We had a great class last week. The students were fun and we had lots of good questions.

Here are the slides from the class:

And here is a peak at the current foreclosures available in Snohomish County:

and in King County:

Posted in: Real estate investing, Residential real estate Tagged: 2017, classes, foreclosures, Monroe

Online real estate education from Tellus RE

As we wrap up the old year, and get ready for the new year, we thought it would be a good time to remind you that we have online real estate classes you can take. We have both licensing classes if you are thinking about becoming a real estate agent, and we have a wide variety of other classes that are good for fun or even Continuing Education credits of you actually have a license.

You can find a description of our classes here: https://tellusre.com/real-estate-licensing-and-continuing-education-classes

Or check out a course demo.

Our classes are provided through our partnership with the Rockwell Institute.

 

 

Posted in: Commercial real estate, Real estate careers, Real estate investing, Residential real estate Tagged: CE, classes, continuing education, rockwell, virtual school

Notes and slides from the May 2014 Buying Foreclosures class in Monroe

We had a great class this past week… Buying Foreclosure and Short Sale Real Estate.  The class was held in Monroe as part of Sky Valley Community Schools.

After our classes, we always like to share the slides and any handouts to our students and friends.  Here are the slides from this class:

As part of the class, we always like to view this great video of a real ‘auction on the courthouse steps’. This auction was in Pierce County:

During class we provide lists of local foreclosed (bank or government owned, AKA REO properties) and short-sales (distressed properties). Instead of the print list, which can get dated quickly, here is a search of foreclosed properties on our website: (Just for fun, we sorted most expensive to least.)

http://properties.tellusre.com/idx/results/listings?tb=0&pt=1&idxID=a045&county%5B%5D=406&county%5B%5D=1247&srtd=desc&srtf=listingPrice&a_bankOwned=yes

Posted in: Foreclosures, Home buying, Real estate investing, Residential real estate Tagged: bank owned, classes, courthouse steps, foreclosures, king county, REO, snohomish county, video

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

The myth of the midnight clogged toilet

Its amazing how many times I’ve heard this from a potential landlord “I don’t want to unclog toilets at midnight!”   Its a common myth that landlords have to deal with emergencies such as these in the middle of the night.

It is true that you might have to deal with some emergency in the middle of the night. But, thankfully, unclogging toilets is not one of them.  Washington State has some pretty clear requirements for how long landlords have to respond to tenant’s when they have a problem. The minimum response time is 24 hours, and that is for emergencies such as loss of water or heat.  Clogged toilets don’t count as one of these emergencies.  In fact, clogged toilets may be just the kind of maintenance issue you tell tenants is their responsibility to take care of.

This is just one of the issues we cover in our Landlord 101 class.   Check out this video recorded in our last class.  We go over the subject of ongoing relationship with tenants, including the landlord’s responsibilities for dealing with clogged toilets and other maintenance issues.

Landlord 101 – Ongoing relationships with tenants

Posted in: Landlording, Real estate investing Tagged: classes, landlord 101, landlord responsibilities, real estate investing

Check out the videos from our Landlord 101 class

Landlord 101 slideSeveral times a year we teach a live Landlord 101 class. In the class, we introduce the students to basic concepts that will help them be successful landlords. We recorded the fall class and are posting it to our site as a series of short videos. The first five videos are now posted.  Each one ranges from 5 – 15 minutes long. Here is the list:

First steps – What to do immediately upon acquiring an a new rental property

Marketing your property – How to market your property to prospective tenants

Screening and choosing tenants – How to screen and choose tenants

Basic leases – Basic lease provisions

Deposits and Move-in – Handling deposits and the move-in process

 

Posted in: Landlording, Real estate investing Tagged: classes, landlord 101, videos

DIY credit repair for home buyers class

Unfortunately, we didn’t have enough people signed up for our last class, “DIY Credit Repair for Home Buyers”. But, we have posted the slides and handouts for the class to our website.  You can find them here: https://tellusre.com/home-buyer-center/diy-credit-repair-for-home-buyers-class/

One important resource you should use is your free annual credit report.  The government requires that credit companies offer you a copy each year. You can obtain it here, without signing up for credit monitoring: https://www.annualcreditreport.com/cra/index.jsp

Posted in: Home buying, Residential real estate Tagged: classes, credit repair, credit report, home buying

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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