Stopping Slumlord Rent Hikes

A New City Law Helps You Avoid a Rent Hike If Your Apartment Is in Unsafe Condition

Comments

1
Another reason not to construct or buy rental real estate in Seattle....aside from the appalling one sided landlord tenant act.

Why would one be surprised that rental rates increase 7% to 9% a year.....everything else does.

property taxes
utilities
property insurance
inspection fees, development fees

So....perfect. See if rental rates decline when the supply of housing stock stagnates or falls.

Absolutely brilliant solution! Very well thought out solution and very well executed.

Perhaps that is why we are expanding the tent cities and homeless encampments....anticipating new arrivals.
2
I suspect that King county did not care there were rats and roaches in the apartment building mentioned when they increased the property tax by 20%. They value it quit highly.
3
@2
I dislike Sawant & rest of her SJW bs but this law doesn't bother me.

It's probably not legal to forbid doing X as a condition of doing Y, but maybe so. No doubt we'll find out when someone goes to court. The real story is Sawant attempt to fine some way around Stafe prohibition of rent control.

But people should keep up their property & if no able/competent to manage it, then sell it to someone with more money to fix up and then raise rents.

It's simply not common business practice to have residential tenants pay for improvements before they receive benefits (though done all time w/ commercial real estate).

However curious to hear other POVs from market-oriented readers.
4
The apartment will get fixed to the minimum. Then, you'll get served with a rent increase larger than intended because you cried to the city. So, you're still out of a place to stay.

5
Landlording is a tough biz, and people who are lazy are not a good fit for owning residential real estate. When tenants report something isn't working, a competent landlord (or his or her management company) will hustle right over to take a look. Competent landlords also have call lists of plumbers, electricians, glaziers, painters, flooring companies, appliance dealers, etc. they can use to get the job done ASAP, correctly and at a reasonable price. The other major opportunity for landlords to do repairs is whenever people move out. Just go in there, make a to do list and either fix it themselves or pay someone else to do the work. It isn't rocket science, but it is tax deductible.