Thursday, June 22, 2017
On the tenant protection side, Monroe proposes:
-limiting rent increases to once per year
-requiring leases be a minimum of 6 months
-requiring landlords to notify tenants at least 90 days before the end of a lease of a rent increase, or of the intention not to renew a lease
-requiring tenants to inform landlords of plans to stay or move 45 days prior to the end of a lease
Monroe also proposes limiting the situations in which relocation costs are paid, and removing a ban on no-cause evictions. His proposed changes include:
-landlords with more than 5 units would only be required to pay relocation costs if evicting 50% or more of tenants in a multifamily complex in the first year after the landlord has purchased the property
-landlords with fewer than 5 units would not be required to pay relocation costs
John DiLorenzo of More Housing Now supports Monroe's amendments, arguing that they would target bad actors while still giving most landlords the option to use no-cause evictions when necessary. Read more.
Wednesday, June 21, 2017
Tuesday, June 20, 2017
Year-to-date rent growth through May is pegged at 2.97%. Read more.
This week: It's the economy -- higher interest rates, Oregon unemployment reaches a new record low and Amazon will create 1,500 new jobs in Troutdale by next summer.
Thursday, June 15, 2017
Wednesday, June 14, 2017
Tuesday, June 13, 2017
This week: Lawmakers in Oregon and Washington consider real estate tax increases; Oregon's rent control saga; Amazon to bring 1,500 new jobs to Troutdale; wages vs. rent; and across the country - slowing rent growth.
Friday, June 9, 2017
Thursday, June 8, 2017
Oregon Senate to Vote on Bill that Could Raise Property Taxes on New & Renovated Properties in Multnomah County
Wednesday, June 7, 2017
Tuesday, June 6, 2017
Attention Washington Residents and Owners: State Considers 7% Capital Gains Tax, B&O Tax Increase, and Graduated Real Estate Taxes
1. New State Capital Gains 7% Tax:
- Sale of real-estate, commercial, industrial and residential rental (exempts your home, certain pensions, agricultural land and property)
- Sales of stocks and bonds, gold and silver, other precious metals
- IMPACTS: Sale of business, real-estate property and stocks and bonds, etc. It’s taxing your investment pension.
- 1.50: Services: property management, realtors, architect, accounting, window washers, legal, janitorial, and engineers, etc.
- 0.471: Retailing: contractors, restaurants, clothing, Costco, Nordstrom, etc.
- 0.484: Subcontractors, wholesale and manufacturing, etc.
- 1.63: Private Nontribal Gambling: “Contest of chance” (card rooms)
- 0.75: Selling price is less than 250K
- 1.28: Selling price is $250K to $1 million
- 2.0: Selling price is $1 million to $5 million
- 2.5: Selling price is $5 million and above
You can locate your lawmaker at the following “District Finder” link:
You can find their contact information at the following:
Courtesy: Manufactured Housing Communities of Washington 1-(800) 345-5608
Check out this episode!