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In April 2023, the Washington State Legislature passed a new bill regarding tenant security deposits. House Bill 1074 will be in effect for all new move-ins starting July 23, 2023. This is important to read because it means that current leases are not grandfathered in unless your current process follows what is now legally required. Let’s start by reviewing Washington’s previous law regarding security deposits, and how Zenith best practices this, and then discuss the changes in Washington’s new security deposit law. How Did Washington’s Old Security Deposit Law Work? Let’s say your current ten ..read more

At Zenith Properties, we frequently encounter property owners in Clark County, Washington, who are torn between selling or renting their homes. It’s a question with no one-size-fits-all answer. The decision depends on various factors, including your personal circumstances, mindset, and financial projections. In this blog post, we will explore the benefits and drawbacks of both selling and renting. By carefully considering the numbers and evaluating your situation, you can arrive at the best decision that aligns with your goals and maximizes your financial outcomes. Should I Sell My Home? Selli ..read more

When it comes to managing a rental property, it can be difficult to strike a balance between catching a great rental rate and making sure you have the least amount of vacancies possible. Knowing how to tell if your rental is overpriced will allow you to keep your property as productive as possible. If you’re struggling to rent your home, here are some key indicators that your rental may be overpriced: Constant Requests for Negotiation It is important to set an educated rental rate and stick to it, adjusting it based on what kind of feedback you receive from the market. If you are constantly re ..read more

During 2022, rents across Clark County WA have been rising. There are many stories of tenants having their rent increased 20% or more. If you live in the area, you or someone you know has likely found themselves on the sour end of this change. With vacancy rates low and inflation booming, people are struggling to adapt to the reality of this new rental market. So why is rent increasing in Clark County, Washington (and in so much of the US)? There are several factors at play. Contributing Factors The housing market is constantly in flux. There have been housing booms and market crashes over the ..read more

Pets can be messy. If improperly trained, they may claw and bite at furniture, soil carpets and hardwood and scratch the paint off the walls. It’s true that Man’s Best Friend can be a major pain for landlords and property managers. But did you know that 68% of American households own at least one pet? That’s over 85 million families living their lives with some kind of furry companion, with 4.8 million residing within Washington State. All of these families need a place to live, and yet only 55% of landlords allow pets. There’s a major demand for quality housing for these furry tenan ..read more

Investing in a rental property can be complicated, but can it also be gratifying, and profitable. There are many factors to consider, so research is vital before making any concrete decisions about whether to rent out your house. Zenith Properties NW can help you navigate the process of renting out a home you own from start to finish. Keep reading to learn the factors that determine whether your home could be a promising rental! Rental Property Income Potential Income potential is defined as the range of income a property has the potential to generate for the owner. It’s probably the most impo ..read more

Many landlords overlook the impact that interest rates can have on their rental. After all, unless you’re looking to purchase a new property, mortgage interest rates may not seem relevant. However, interest rates can considerably influence the housing market, which will eventually impact the rental market. Understanding how interest rates will affect your rental can help you make informed decisions and get the most out of your property. Here’s what property owners need to know about interest rates and how they can impact your rental. What Causes Interest Rates to Change? Sudden changes in inte ..read more

To get the most out of your rental property, it’s crucial to implement long-term strategies that will maximize profits. One of the best ways to boost your rental’s performance year-round is to take advantage of seasonal trends by listing your property at the right time of year. For most, summer is the best time to list your rental for a variety of reasons: Better weather: Blue skies and sunny days create the perfect opportunity for potential tenants to view your property. Good weather also makes it easier for tenants to move in, which is part of the reason why many people wait until spring or ..read more

Managing a rental can be a challenging job. From screening prospective tenants to performing upkeep and repairs, a lot goes into maintaining your property and keeping your renters happy. Fortunately, you don’t have to handle it all alone! An experienced property manager can take some stress off of your daily life while also increasing your profits. Here are just a few of the ways a property manager can save you money and time: Reduced Vacancies A great property manager can reduce your vacancies and ensure that your rental is always performing at its best. From great marketing to a streamlined ..read more