"How do we attract more owner-operated landlords to Olympia?" should be the question on the table. Owner-operated rentals tend to be 15% less expensive than fee-managed rentals. Owner-operated rentals tend to be provide a more diverse product with less reliance on computerized background checks and far less-frequent existing-tenant rent increases. And owner-operated rentals keep the "profit" within the community rather than shipping it off to some Wall Street REIT. How to we grow more owner-operated rentals? Treat landlords like competent well-meaning businesspersons. Olympia City Council has a long roll-back of foolish-to-vindictive regulation ahead.
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