Multifamily Owner Expenses: Property Taxes
Over the next several blog posts, we are going to be addressing a series of expense line items that apartment owners incur such as property insurance, maintenance and repairs, and utilities. We will also discuss how we can improve the bottom line for owners. The first...
Good News for Multifamily Owners: Rent Control NOT Adopted by Washington State
The proposed Washington State senate bill (House Bill 2114) that would have initiated rent control if approved, died on Monday, February 26th in the Senate, as the committee declined to take further action. The proposed bill would have imposed the following: Rent...
How to Address Rising Eviction Rates in Spokane County
Evictions Data In March of 2020, Jay Inslee put a moratorium on rental evictions due to the economic impacts of COVID The eviction moratorium in Washington State ended on June 30, 2021 Pandemic protections and rental assistance have now expired, causing lots of...
5 Cost Effective Ways to Add Value to Your Multifamily Property
SVN Cornerstone Multifamily Team Nate Gant is an Advisor with SVN Cornerstone. Nate has been an active member of the Eastern Washington real estate community since 2010. He has brokered more than $100 Million in real estate transactions, specializing in land...
Cheers to a Great 2023! Here’s to an Even Better 2024!
SVN Cornerstone Multifamily Team Nate Gant is an Advisor with SVN Cornerstone. Nate has been an active member of the Eastern Washington real estate community since 2010. He has brokered more than $100 Million in real estate transactions, specializing in land...
Apartment Supply Expected To Peak in 2024 Locally and Nationwide
In 2023, there were 440,000 new units built in the United States, boosting supply to the highest levels in 36 years. The number of apartments available for rent right now across the nation is at its highest since 1987. Another 671,000 units are planned to be completed...