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Laws are constantly changing, many of which can have a negative impact on you. Our guest today is Enrique Jevons, Regional Director for Mynd in the Pacific Northwest. Enrique is here to discuss with us a law that recently passed in the state of Washington, changing when a tenant can be evicted from a rental property.
Steve Rozenberg: Hey, everyone. My name is Steve Rozenberg with Mynd Property Management. I’m joined here with my good friend, Enrique Jevons, who is the Regional Director for Mynd for the Pacific Northwest. Enrique, thanks for joining me today. I appreciate it.
Enrique Jevons: Yeah. Thanks. Good to see you again soon.
Steve Rozenberg: So today what I want to talk about is a law that recently changed. I want to make sure this is correct. I understand that you no longer can issue a three-day notice to vacate in the state of Washington. Is that correct?
Steve Rozenberg: Yeah, exactly. So just this last year, another law was passed. This was a statewide law and it changed the notice to vacate the Pay or Quit Notice. And it changed it from a three-day pay or quit, which is what most states across the country have. There are variations out there. It’s up to each State to decide what they want to do. But that is, on average, I took a look at other state and it is pretty average.
Well, Washington now change it to be one of the two most restrictive states. It’s now a 14-day notice to pay or vacate. So 14-day notice to pay or vacate—to pay or quit. It’s one of those things where you have just got to make sure that you are staying on top of all the laws that occur, that are applicable to you, whether it’s a federal law, state law, city ordinance. You got to make sure you’re on top of these things—HOA’s, condo association rules. Because if you fall out of compliance, it can be really expensive.
If you, just out of pure ignorance, you’ve been serving for many, many, many years, a 3-day notice to pay or quit, and the person is late and you send them that 3-day notice pair quit, now they can come after you. They can sue you for that. So you want to make sure you don’t put yourself in that position. So now, state of Washington, 14-day notice to pay or quit. It’s more restrictive. It doesn’t mean you can’t evict. You can still evict the individual, but it’s all the more reason to make sure you get that notice to them right away as soon as their rent is late. No waiting around because it is going to be a little bit longer now to get that individual out.
Steve Rozenberg: Is there a reason behind them doing it? Was there something that happened, or is it just they voted and that’s what they voted for.
Enrique Jevons: The primary reason why it came about is that the cost of housing is just going up. So you have a lot of people, especially in the city of Seattle, but there’s a lot of other cities within the state too, where just with the cost of housing rising, and also with the homeless population rising, people are looking for answers and they’re also, unfortunately, blaming, a lot of times, all of the wrong people. So are blaming landlords for homelessness. Well, landlords aren’t causing homelessness. If anything, landlords are providing housing.
Steve Rozenberg: They’re providing housing for people, yeah.
Enrique Jevons: That’s really the reason why this, this came about. Okay, so we have a tough situation there. But, as I mentioned in previous conversation, hey, at least we don’t have rent control. State of Oregon passed statewide rent control. So there’s a lot going on in lot of states. It doesn’t mean you should sell your real estate. Now, real estate is still, right now, one of the number one ways to create wealth. So you just have to be smart about complying with the law and making sure you’re aware of the law. If you’re not going to be able to keep up on the law then you really need to hire an expert, such as a property manager. A property manager, whose sole focus is property management so that they will also keep you out of hot water.
Steve Rozenberg: Yeah, that is so true right there. So, Enrique if somebody wants to talk to you, I mean, obviously this is serious stuff it’s changing all the time. This is an ever-fluid market and ever-fluid industry and you’ve got to be up on the laws. It’s so important. If somebody wants to get ahold of you and learn more about the laws that have changed, what’s coming down the pipeline or just want to hand over their properties to someone like you, an expert in the Pacific Northwest, how do they do that?
Enrique Jevons: Sure you can email me. Definitely feel free to email me any questions. I’m happy to shoot off answers for you. Enrique.email@example.com is my email address. So it’s e-n-r-i-q-u-e.j-e-v-o-n-s at m-y-n-d.c-o.
Steve Rozenberg: If you want to join our Facebook group at Mynd, it’s called the Mastermynd Real Estate Investment Club. Investors just like Enrique and myself are in there, along with a lot of other investors, talking, engaging, chatting on. So please join that and if you’d like to know more about Mynd, go to our website mynd.co. M-Y-N-D.C-O. Everybody, thank you for watching. I am Steve Rozenberg. My good friend, Enrique Jevons in the Pacific Northwest. Talk to you later. Bye-bye.
Enrique Jevons: Thanks, everybody. Bye.
A changing law can have a major impact on any business. This is especially true when renting a property. A recent law was passed in the state of Washington giving tenants 14 days to vacate a property rather than the national average of 3 days.
Passed due to rising rents and growing homeless population throughout the state, this law gives tenants more time to vacate a property and, ultimately, puts the onus on the property owner. Laws such as this one prove that every property owner or manager must always keep up-to-date on changing laws and how those changes may affect them, both positively or negatively. Neglecting to do so will inevitably cost needless time and money in the long run.