Wishing All A Very Happy NEW YEAR 2012

625 Bell Street, Edmonds, WA. 98020

 

 

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For Rent: Smaller (but cute) 2 bedroom apt in a Triplex. Upper Unit (stairs)

Near the Civic Field, Police Station, Fire station, Edmonds Library with in walking distance to the beach, as it is only 6 blocks away. Downtown Edmonds only a few blocks. Near the Bus line.

Great Apt for Students as it is Quiet. (not a party place at all) Or for a Married Couple looking to save money. Super adorable. Located at 6th and Bell.

DETAILS:

Vinyl flooring modern paint colors. Self locking storage area is available in secured basement. Washer and Dryer on site, in basement. Laundry hours are 9am to 9pm 1st, and Damage deposit moves you in. (Damage deposit is $600.00) 1 year lease agreement.

After that renewable 6 month lease. 1 car parking space is located just off the ally behind the building. Apt ready to move in as soon as your references check out. Please do not bother the Tenants currently living in the building. The Apt will only be shown by appointment only.

Appointment's will occur on Tuesdays, in the Evenings or Saturday's early afternoon. Please note that this is a non smoking building. We have renters that are sensitive to smoke.
 NO PETS allowed (nope, no pets. While we enjoy pets ourselves, there is a no pet policy.

Please use the "request more info" button to contact us. We will send you a rental application that you can have ready to give us at your slotted appointment time

• Michail
• • Postlets
  • Call: (206) 920-6312

Your Home Won’t Sell? Rent It!

As home values continue to tank, and cautious buyers continue to sit on the sidelines, a growing number of financially pinched homeowners — reluctant to sell their home at a loss – are choosing instead to rent their properties. Others are becoming accidental landlords because of a job opportunity that requires them to move before they can sell (after all, given the glut of properties on the market, it can take years to unload a home). Is becoming a landlord for you? Some considerations:

Crunch the numbers

Calculate your carrying costs: your mortgage payments, taxes and insurance. Compare that number to how much income your are expecting to receive from renting out your place. Would you come out ahead? Ideally, the rent should be at least 125 percent of your mortgage payments to make it a sensible option.

Price it right

Just as you would look at comps if you were trying to sell, take a look at what comparable homes (comparable in terms of size, location, amenities, etc.) are going for. This is where Zillow’s Rent Zestimates can come in handy; you’ll find estimated rent prices on nearly 100 million U.S homes. And don’t get greedy! Overpricing will result in your home sitting vacant, and vacancy is costly.

Find the right tenant

Finding a solid, reliable tenant is nothing short of challenging, particularly since the economic downturn has left some responsible people with blemished credit reports. You want someone who is gainfully employed (have they been at their job at least a few years?), has a good reputation (have they moved around from one place to the next? Ever been evicted?), pays their bills on time, and has a reliable income stream. Never mind your gut instinct: you really have to treat the entire process like a job interview, getting all the relevant information in writing — from former landlord information, personal and professional references, and more.

Know the tax consequences

While you probably know that rental income is taxable (Rent for 15 days or more, and you must report this income on Schedule E), and that there are numerous deductions on expenses and depreciation, here’s something you might not know: If you rent your place out for three years or more and then sell, you forfeit a valuable tax break ($500,000 in capital gains tax-free to married couples filing jointly; $250,000 in tax-free gains for singles). Rent your house for a year or two and you’ll still be eligible for this exemption, providing  you’ve lived there — in your primary residence — for at least two of the past five years.

Don’t underestimate your responsibilities

Becoming a landlord might sound like a great idea but you have to have both time and the inclination (not to mention, the right temperament). In other words: you have to have it in you! That means being prepared to handle everything from complaints, maintenance issues, and even legal issues such as eviction (which could easily cost you several thousand dollars).  Not for you? A property management company will happily handle these responsibilities on your behalf, but it’ll cost you about 10%-15% of the monthly rent.

Change your insurance

You’ll need a landlord’s policy. This insurance covers the house and could reimburse you for lost rental income due to building damage. The policy — which can cost about 25% more than a standard homeowner’s policy — can also reimburse legal fees and liability protection if a tenant were to become injured in the home.

Plan for unplanned expenses

Your place might need a fresh coat of paint; the tenant might want a new screen door; the roof might need to be repaired.  All those things you may have put off as a homeowner you will need to take care of as a landlord. And you’ll need to do it in a timely manner. On the flip side, your tenant may trash your place, costing you hundreds, if not thousands of dollars in repair costs.

Vera Gibbons is a financial journalist based in New York City and is a contributor to Zillow Blog. Connect with her at http://veragibbons.com/.

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ARTICLE COMMENTS

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Rent Out Your House, Move to an Apartment, Pocket the Difference

SOURCE: Bargaineering.com

With its astronomical home prices and high percentage of renters, Manhattan isn’t exactly representative of the national home market.

Still, homeowners elsewhere might get some inspiration from a recent New York Times story on homeowners with a slick way to profit from today’s oddball housing market: renting out their high-end home for a premium and moving into a less expensive apartment, profiting on the difference.

Would that work elsewhere? It could work in certain cases, especially for empty nesters and retirees ready to downsize. Because you’d sign a lease for only a year or two, you might be willing to save by renting a place that’s a little cramped, or in a neighborhood that’s less than ideal.

But unless there is a dramatic difference in the value of the home you vacate and the apartment you rent, it will take some sharp calculations to be sure the maneuver will pay off. The scheme isn’t likely to work if you’re intent on maintaining your old lifestyle in the new place.

In Manhattan, rents have soared because there’s been little construction in recent years, and because many people prefer renting to buying in today’s volatile market. Meanwhile, home prices have slumped, so that homeowners who want to cash in are either reluctant to sell or cannot get enough to pay off their mortgage.

Rising rents and falling home prices are common around the country, but in most markets the disparity is not as exaggerated as in Manhattan. The New York Times cited a couple with two children who are renting out the family’s 3,000-square-foot loft in SoHo for $12,500 a month, while moving to a 1,000-square-foot apartment in the West Village for $4,200 a month. With the savings, the husband hopes to start a business.

But in a less extreme market, it might be pretty hard to find an acceptable apartment for one-third the rent generated by the primary home. And even if the numbers appear promising at first glance, there would need to be a big margin for error.

The damage deposit you charge your tenants, for example, might not be enough to cover repairs and repainting after they leave. Also, to be safe you should expect to go without rent for a month or two while you spruce up between tenants.

Of course, if the tenants stop paying and refuse to move out, it could take months to get sheriff’s deputies to haul them out by force, and you might never recover the loss. Before renting your place, study the local tenants’ rights laws for obstacles to evictions.

On the bright side, most expenses incurred for renting out a home are tax deductible, including mortgage insurance, homeowner’s insurance, advertising, property management costs and repairs. On the other hand, none of your apartment rental costs will be deductible.

Note that if you eventually sell your home, you could face capital gains tax on any profits, which are the sales proceeds less the original purchase price and costs of major improvements.

To avoid capital gains tax, you must have owned and lived in your home for at least 24 months. Those months need not be consecutive, but must have occurred within the five years prior to the sale. If you rent the home out for a number of years, you may have to move back to avoid a gains tax.

Renting out a property can be profitable, but many homeowners regret it anyway because of the headaches, like tenants’ complaints as you’re sitting down to dinner. If the rent received does not exceed the rent paid on the apartment by a significant margin, the maneuver might not be worth the trouble.

The ideal candidates, then, are homeowners who also have non-financial reasons for moving out but keeping the home, like retirees who don’t want to sell in a down market but are eager to get on with their new lives.

This post originally appeared on Main Street on Dec. 1, 2011 and was written by Jeff Brown. It is republished here with permission from The Street.

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.

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ARTICLE COMMENTS

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Large 4 Bedroom Soundview Home with View

3008 Islandview Ct Gig Harbor, WA 98335

Call: (888) 304-5192  x116309 Contact: Front Desk

Questions? Call: (888) 304-5192  x116309

4 Bedrooms

$1295

2050sq. ft.

2.5 Bath(s)

$1250

For questions or availability call: (888) 304-5192 Extn: 116309 |

Description

Large split level just off Soundview with 2 woodstoves, w/d, microwave/convection oven, fam room, large multilevel deck with view of Sound.

Call: (888) 304-5192  x116309

Utilities Included: None
Lease Length: 12 Month(s)
Property Type: Single Family Home-Unfurnished
Parking Options: Garage

Listing ID: 116309

Amenities

• Dishwasher

• Fireplace

• Microwave

Rentbits

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  Rentbits
• Visit the Rentbits website.

For questions or availability call: (888) 304-5192 Extn: 116309 |

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3812 NE Northshore Blvd. NE

3812 NE Northshore Blvd. NE Tacoma, WA 98422

Call: (866) 572-2902 Contact: AROUND THE CLOCK, INC. CRMC

Questions? Call: (866) 572-2902

3 Bedrooms

$1295

1961sq. ft.

2.5 Bath(s)

$1000.00

For questions or availability call: (866) 572-2902 |

Description

Available 11/1/11. Nicely landscaped property. 3 bedroom, 2.5 bath, 1961 Sq. Ft. Tri-Level House with Family Room! Kitchen pantry. All appliances including dishwasher. Washer/dryer hook-ups. Hardwood, carpet and vinyl flooring. NEW Interior paint! NEW Carpet! Electric heat. Wood burning Fireplace in living room. Master 3/4 bath & walk-in closet. Front and back deck. Patio and fenced backyard. Double car garage with opener. Two pets under 20# considered. Pet deposit $300 per pet. One year lease. First month rent and deposit required for move-in. $40 application fee per adult or married couple.
Date Available: 11/1/2011

Call: (866) 572-2902

Utilities Included: None
Lease Length: 12 Month(s)
Property Type: Single Family Home-Unfurnished
Parking Options: Garage

Listing ID: WA023382L

Amenities

• Dishwasher

• Cable-Ready

• Balcony, Deck, Patio, Porch

• Fireplace

• Washer/Dryer Hookup

Around The Clock, Inc. Crmc

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  Around The Clock, Inc. Crmc
• 

Visit the Around The Clock, Inc. Crmc website.

For questions or availability call: (866) 572-2902 |

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Exquisitely Updated North Tacoma Home!

 

2910 N 10th ST Tacoma, WA 98406

Call: (866) 572-2905 Contact: Katie Howard

3 Bedrooms

$1195

1412sq. ft.

1 Bath(s)

$900

For questions or availability call: (866) 572-2905 |

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Description

Elegant old world architecture meets modern style in this North Tacoma home! Charming inside and out, this two story home in highly-sought-after North Tacoma shines! The main floor boasts neutrals paint tones and beautiful molding in the living room and formal dining room. The kitchen adds appeal to the chef of the household with abundant cabinet and counter space and room for a kitchen table. Upstairs find 3 bedrooms all featuring walk-in closets! The bathroom is situated conveniently on the top floor steps away from the bedrooms. A basement provides additional storage and hosts the washer and dryer.

Call: (866) 572-2905

View Property 360 Tour

Utilities Included: None
Lease Length: 12 Month(s)
Property Type: Single Family Home-Unfurnished
Parking Options: N/A

Amenities

• Hardwood Floor

• Carpeted Floor

• Washer/Dryer In Unit

• Balcony, Deck, Patio, Porch

• Dining

• Gas Heat

• Private Yard

• Basement

Parkwood Prop Mgmt, Inc.

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  Parkwood Prop Mgmt, Inc.
• 

For questions or availability call: (866) 572-2905 |

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