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I own some rental properties in Olympia and have them professionally managed. I think it's interesting that both Tumwater and Olympia have enacted regulations without ever notifying affected landlords of the changes. Tumwater sent their new regulations to me AFTER passing them. I'm now waiting for Olympia to do the same.

If there are issues with landlords not maintaining properties or other tenant related issues, tenants have a multitude of resources and rights already in place. Adding more simply increases a landlord's expenses which will be passed along to the tenants in the form of higher rents.

I sold a commercial building in Olympia because the City did not deal with the homeless crisis and now most likely will sell three small, affordable single family rental homes. At some point the City must realize that those of us who must trust "loaning" an expensive asset to tenants deserve proper consideration given that expectation.

The day of the non-corporate landlord is rapidly dying.

From: Olympia City Council hears different views about Multifamily Tax Exemption program proposed updates

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