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Renting out your Olympia home can be a good financial move. The potential extra passive income can help you save up or pay down any debt you may be having, such as a mortgage loan. Being a landlord, however, isn’t a surefire way to financial freedom. Just like any other investment, you’ll have to make certain appropriate considerations in order to get moving in the right direction. In today’s blog, we’ll provide you 6 tips on how to do just that. Let us help you become a great landlord and meet your goals. 1. Understand What Responsibiliti…

Tenants can break a lease agreement for many reasons such as needing to be closer to their work or family members. Normally, breaking a lease is serious violation of the lease agreement. A typical lease will run for a year within which both parties must follow the rules and regulations outlined by said lease. Your tenant, for instance, has a responsibility to pay all rent due under the lease regardless of whether they are staying there or not. Unless you've evicted the tenant, if they break their lease early, you may be able to hold them liab…

The Fair Housing Act guarantees every American the right to fair treatment when it comes to housing. But what exactly does the act entail? Understanding the Fair Housing laws on a federal and state level can help reduce issues for landlords. That said the Fair Housing Act applies to not only landlords but also home sellers and mortgage providers. The following are answers to common questions regarding the Fair Housing Act in Washington. 1. What is the Fair Housing Act? The Fair Housing Act is a federal law that forbids housing discrimination …

A squatter is someone that occupies someone else’s property without permission. And, unlike a trespasser, a squatter occupies a property with the intention of living there long-term. Like all states, squatters have rights in Washington. You cannot simply self-evict them from your property once you find out they are living there. You must follow the law to remove them. That said, getting rid of squatters in Washington is relatively easy. You won’t need to go through a civil eviction process to remove squatters. All you’ll need is to take crimi…

Are you looking to invest in Olympia, Washington real estate? Serious investors look for ways to generate passive income, and choosing to invest in real estate is a promising pursuit. Owning rental property provides you with a solid income every month. You can also benefit from high appreciation levels in the years to come when you pick the right area. Doing an in-depth study before investing in a property right away is vital. Scout for areas defined by a strong economy, high quality of living, booming job market, and a flourishing rental marke…