by Jordan Lester | Jun 11, 2025 | Advisor Insights, Blog
Multifamily property owners are facing one of the toughest insurance markets in decades. In many cases, insurance premiums have doubled or even tripled, driven by rising claims, increased natural disasters, and tighter underwriting standards. One of the most...
by Jordan Lester | May 14, 2025 | Advisor Insights, News
On May 7, 2025, Governor Bob Ferguson signed House Bill 1217, making Washington the third U.S. state to pass statewide rent control, following Oregon and California. The law took effect immediately and will shape how leases, pricing, and new development are handled...
by Jordan Lester | Mar 12, 2025 | Advisor Insights, Blog
Vacancy rates in Spokane County have been on the rise since Q1 2021, currently averaging 7.7%, a significant increase from the 3% seen in 2021. In my daily conversations with Spokane County multifamily owners, many are experiencing more and longer vacancies before...
by Jordan Lester | Feb 26, 2025 | Advisor Insights, News
On February 20th, the Washington Supreme Court ruled in Housing Authority v. Knight that landlords of subsidized properties can now issue 30-day pay or vacate notices for nonpayment of rent, replacing the previous 90-day requirement. The ruling also shortened notice...
by Jordan Lester | Feb 12, 2025 | Advisor Insights, Blog
Cost segregation is a strategic tax planning tool that allows investors in real estate to maximize their depreciation deductions. Residential real estate is depreciated over 27.5 years, but cost segregation allows owners to accelerate depreciation on personal property...
by Jordan Lester | Jan 29, 2025 | Advisor Insights, CRE Trends, News
In 2025, approximately $598 billion in U.S. commercial real estate debt is set to mature, with a significant portion in the multifamily sector. Property owners who purchased or refinanced during the low-rate years may struggle to secure favorable terms as interest...
