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The key to effectively managing a single-family rental property during any economic cycle hinges on an investor’s ability to maximize their property’s value.

As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues.

So, what can an investor do during the current economic situation to protect their asset? What immediate steps can they take to curtail delinquencies, sign new tenants and avoid long-term vacancies? 

The first step is to ensure that the property generates steady monthly rental income in the most efficient manner, even when renters are losing their jobs. Oftentimes, ensuring that a rental produces steady returns, while minimizing

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The coronavirus pandemic and, especially the lockdown that has had people around the world sheltering in place, may have forever changed how we perceive “home” and what we are looking for when it comes to our little place in the world.

“The coronavirus pandemic has many Americans rethinking the kind of lifestyle they want,” said MANSION GLOBAL. “Apartment living in central, densely populated urban areas is losing its appeal as residents are subject to building restrictions and risk coming into contact with people infected by the virus.”

Real estate agents and companies across the country are reporting a heightened interest in buying homes in the suburbs. In many cases, buyers are even accelerating their purchases to get out of the city

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The growing trend of working remotely could untether Americans from office spaces in pricey areas and prompt them to buy homes elsewhere. Home sales in the suburbs as well as smaller, less expensive cities could see a boost that continues beyond pre-pandemic levels, The Wall Street Journal reports.

Some tech companies, including Facebook, Twitter, and Square, have already announced that they will allow select employees to work remotely full time. They expect half of their workforce to work remotely within five to 10 years. Facebook CEO Mark Zuckerberg says that about 75% of his employees have already expressed an interest in moving to a different city if they could work remotely.

The insurance company Nationwide, based in Columbus, Ohio,

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Go to the Listing Now!!! 

Experience sophisticated mountain living on a 1+ acre corner lot in Easton, secluded away from the city with the convenient access to I-90, and a little over 1 hour commute to Seattle. 

Lake Kachess 1 mile away

↡ View the Virtual Tour Here ↡ 

 

This country classic estate offers an exceptional escape into the great Northwest for a truly amazing serene year-round abode where you’ll enjoy a spacious three(3) bedrooms two and a half(2.5) baths in the Main Home with two(2) bonus rooms; a separate detached 1384 Sq Ft 1 bedroom 1 bath guest house; a generous specialty 4-car tandem detached garage with two(2) massive work bays; and an additional unfinished 800+ SqFt flex space above the garage for the ultimate mountainous getaway. 

    

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·         Expert insights are painting a bright future for housing when the economy bounces back – and it will.

·         We may be facing challenging economic times today, but the housing market is poised to help the economy recover, not drag it down.

·         Connect with me, to make sure you’re informed and ready when it’s time to make your move.

With the Western Washington housing market adjusting to new ways of operating residential real estate activity around Western Washington reflected expected declines during April with the impact of the coronavirus pandemic taking its toll. However, while a new report from Northwest Multiple Listing Service shows year-over-year (YOY) drops system-wide in new listings, pending sales and

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BREAK FREE OF CONFINEMENT!

Front exterior    

    

This Queen Anne charmer has it all!

A ‘Walkscore of 92’, this 1108 sq ft charmer offers 2bd 1.75, $3000 buyer allowance toward carpet replacement (closing costs), 1-Year Home Warranty offered, and low $350 monthly HOA dues.

 A truly unique opportunity to enjoy one of one of Seattle’s ‘most picturesque’ vibrant neighborhoods from your oversized fully fenced yard!

 

Take the Virtual Tour TODAY! 

Click for 'Virtual Tour'!

 

Home Sweet Home

A convenient ground floor exterior entry greets you on the corner of 5th Ave W & W Crockett St. A custom chandelier adorns the cozy entry as you make your way up the staircase and expand to a perfectly inviting top floor corner unit living space.

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photo courtesy of City of Sammamish

Do you have your alternate routes planned out?

Project Update:

  • ROAD CLOSURE is scheduled to begin on APRIL 13th, 2020.
  • For the week of APRIL 13th to APRIL 18th, the roadway will be closed between 245th LN SE and Klahanie Blvd. Local access will be allowed.
  • The following week , starting APRIL 20th, 2020 the long term Road closure between 247th PL SE and Klahanie Blvd will be in place.
  • The intersections at 247th PL SE and Klahanie Blvd will be converted to stop control with stop sign. The existing signals are to be removed.
  • The road closure is expected to last until the end of DECEMBER 2020.
  • Est. August 2021 - END CONSTRUCTION

 

 

 

 

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The Elements of Choice and Service

Some consider that the internet has eroded the ‘human connection’ in relation to the search-to-purchase process of a property. Most home buyers today are visiting home listings to search and compare properties based on several parameters including size, budget, location, availability, and accessibility from the comfort of their homes. In consideration of the current coronavirus it is not only prudent but extremely important.  

Various studies reveal human intervention is almost becoming outmoded in the ‘search and discovery’ stage of property purchase. For those who are tech-savvy, there is no need for human interaction in the ‘search and discovery’ phase, as there are numerous property portals ranging from

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Coronavirus & Real Estate

As the news and impact of COVID-19 continues to evolve, many Broker/Agents are asking for suggested best practices to follow during open houses, showings, and other in-person interactions with clients. As the busy spring market has started, We urge The Cascade Team agents around the country to stay informed, stay calm, and be supportive of fellow brokers and consumers.

The Centers for Disease Control (CDC) and many local State Department of Health such as in Washington (WSDH) are currently recommending people not gather in groups of 10 or more. Additionally, in WA. Governor Jay Inslee announced restrictions through the end of March on public gatherings larger than 250 people in King, Snohomish and Pierce counties. These

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NWMLS brokers report brisk activity, noting “too early to tell” if coronavirus will soften sales
 
KIRKLAND, Washington (March 5, 2020) – “We’re entering prime time for the real estate market, and more listings are on the way,” stated industry veteran J. Lennox Scott, as he reviewed the latest statistical report from Northwest Multiple Listing Service. MLS figures for February show year-over-year (YOY) gains in new listings, pending sales, closed sales, and prices. Scott, the chairman and CEO of John L. Scott Real Estate, expects a bump-up in inventory during March and April, but said, “We remain virtually sold out in many areas in the more affordable and mid-price ranges.” 
 
Northwest MLS representatives who commented on last month’s activity reported…
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