4 ms·
To be totally honest, it probably isn't the "AirBnB" types, but (at least in the Washington state area) the loosening of rent regulations, which allows single f
by UnpossibleJim 4y ago
To be totally honest, it probably isn't the "AirBnB" types, but (at least in the Washington state area) the loosening of rent regulations, which allows single family homes and neighborhoods to be zoned and converted to multiple family units fairly cheaply and easily. Landlords buy these up, do conversions on the cheap (and with minimal knowledge, a lot of the time) and rent them out.
Rents have outpaced mortgage costs and the return on investment has been ridiculous. People all over here have jumped into it. Hell, I've had people tell me I should do it... No F'in way I'm dealing with tenants and house calls in the middle of the night, though. I fix my own house, poorly and struggle to do that. I fix computers and call people to fix the house, usually, so it gets done right. I venture out of my lane every once and again, but I know I'll usually call a professional =)