“Aside from the cost, I was physically afraid, and rightfully so, as it turned out, my tenant barricaded himself inside and had five guns, one at every entrance to the house. Once I finally had possession of my home, I found $70,000 in property damage.'
Yim cited a lack of analysis, information, support, outreach, and public safety as reasons for the growing frustrations among the group. In addition, the collection of small housing providers believes the city government is making it increasingly complex and contradictory for them to operate as landlords, with a rapid increase of tenant ordinances and laws from both the city and the state over the last six years.
“We feel very vulnerable to a bad situation in our home that there may be no resolution for,” Yim said. “In addition to us encouraging people not to buy in Seattle, which I hate to say, but every small landlord we know in Seattle has an exit strategy to divest and leave the city.”The group believes excessive regulations are what’s driving these small landlords to sell.
“Small housing providers are a critical component of Seattle’s small business community,” Councilmember Sara Nelson said.
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