article thumbnail

Washington State Rent Control: What Multifamily Property Owners and Investors Need to Know Now

Rental Housing Journal

Practical Scenarios Here are three examples of how HB 1217 may affect different types of multifamily properties: Scenario 1: Private Off-Campus Student Housing Nearing Year 13 An owner of a private, off-campus student housing property in Washington built in 2013 is nearing year 13, when it will become subject to HB 1217’s rent caps.

article thumbnail

Demand, Supply and Uncertainty Weaken June Rent Growth

Rental Housing Journal

In the seven years between 2013 and 2019, advertised rents grew on average by 1.8% Sign Up For Our Weekly Newsletter And Get Rental Property And Apartment News And Helpful, Useful Content Each Week. The average U.S. advertised rent increased by $3 to $1,749 during the month, while year-over-year growth was 0.9%. population.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Rental Real Estate Remains a Smart Move (Even in Uncertain Times)

RL Property Management

How Property Management De-Risks the Process Owning rental property shouldn’t feel like a second job, and it definitely shouldn’t keep you up at night. That’s where professional property management changes everything. Need help identifying your next move?

article thumbnail

Vacation Rental Host Mistake: Not Automating Everything You Can

Beyond

FREE REPORT The Rise of the Stays Industry Get It Now All posts Vacation Rental Host Mistake: Not Automating Everything You Can RACHEL SCOTT October 20, 2023 As a host, one thing you need to understand is that competition among short-term rental properties is incredibly high. ‍ Want to know more host mistakes? No items found.

article thumbnail

New Vrbo Update: Last Minute Deals. Here’s What Hosts Need to Know

Beyond

‍ One vacation rental property manager with properties from Palm Springs to Indianapolis grew both occupancy rates and average daily rates by 25% with dynamic pricing! Relying on stacked or blanket discounts can hurt profitability, especially when they’re not aligned with real-time demand. Your submission has been received!

article thumbnail

Tax Strategy for Short-Term Rental Hosts: Why Clean Books = Bigger Deductions

Beyond

Pro Tip: Tracking incoming and outgoing payments is much easier with rental property accounting software Planning ahead for depreciation and capital improvements (like furniture upgrades, appliance replacements, or major repairs). Our partner, REI Hub , is purpose-built for rental property owners and STR hosts.

article thumbnail

You Might Be Owed a Tax Refund—But the IRS Will Keep It If You Miss This Hidden Deadline

American Apartment Owners Association

Email: jason@malabutecpa.com Website: [link] Instagram: @realestatetaxpro_official Jason has been in the accounting industry since 2013. Since 2019, he has built a diverse portfolio that includes out-of-state rental properties, single-family homes, and large multi-family deals. About the Author: Jason Malabute, CPA Questions?