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Providing Landlord Education, Advocacy and Information since 1981

JANUARY 2016

Clark County Rental Association 5620 Gher Rd., Suite H Vancouver, WA 98662-6166 ADDRESS SERVICE REQUESTED

Member of the: Washington Rental Owners Association 3301 Rucker Avenue, Suite A Everett, WA 98201 (360)705-0113 • w ww.waapt.org lanschapter@wroawaa.com

IRS rules for depreciation page 8

L E G I S L AT I O N C O N TA C T S LEGISLATIVE HOTLINE: Governor Jay Inslee-D Office of the Governor PO Box 40002 Olympia, WA 98504-0002 (360) 902-4111 FAX: (360) 753-4110

1-800-562-6000 (Leave a message for your Legislators)

Terry Kohl, Legislative Coordinator tkohl@comcast.net Mark Gjurasic, Lobbyist mgjurasic@comcast.net

7703 NE 72nd Ave., Vancouver Networking at 6:00 - Dinner at 6:30

Reservations required for dinner or coffee by 5:00pm on Friday, Jan. 22nd Leave your reservation and a contact number on the CCRA voice messaging system:

Reducing your financial burn rate page 17

GUEST SPEAKER:

Detective TOM MITCHUM Clark County Sheriff’s Office

360-693-2272 Members will also be called from our new automated phone reservation system prior to reservation deadline.

S E N AT O R S Don Benton-R, 17th District 409 Legislative Bldg. PO Box 40417 Olympia,WA 98504-0417 (360) 786-7632 FAX: (360) 786-1999 benton.don@leg.wa.gov

Lynda Wilson - R, 17th District 418 John L. O'Brien Building PO Box 40600 Olympia, WA 98504 (360) 786-7994 wilson.lynda@leg.wa.gov

Ann Rivers-R, 18th District 405 Legislative Building PO Box 40418 Olympia, WA 98504-0418 (360) 786-7634 FAX: (360) 786-1999 rivers.ann@leg.wa.gov

Brandon Vick-R, 18th District 469 John L. O'Brien Building PO Box 40600 Olympia, WA 98504-0600 (360) 786-7850 vick.brandon@leg.wa.gov

Annette Cleveland-D, 49th District 230 John A. Cherberg Building PO Box 40449 Olympia, WA 98504-0449 (360) 786-7696 cleveland.annette@leg.wa.gov

CCRA’s January meeting will be Tuesday, Jan. 26th at Club Green Meadows

commercial loans page 13

Paul Harris-R, 17th District 403 John L. O'Brien Building PO Box 40600 Olympia, WA 98504-0600 (360) 786-7976 harris.paul@leg.wa.gov Liz Pike-R, 18th District 122B Legislative Building PO Box 40600 Olympia, WA 98504-0600 (360) 786-7812 pike.liz@leg wa.gov

Dinner will be a buffet: Chef’s choice of 2 entrees, plus salad bar, vegetables and dessert, coffee or tea. WITH RESERVATION:

$25 - Dinner $10 - Coffee/Tea WITHOUT RESERVATION: (If dinner is still available)

$28 - Dinner $10 - Coffee/Tea

MEETING TOPIC:

IDENTITY THEFT & FRAUD PROTECTION

Price includes gratuity.

CASH OR CHECK ONLY Sharon Wylie-D, 49th District 310 John L. O'Brien Building PO Box 40600 Olympia, WA 98504 (360) 786-7924 wylie.sharon@leg.wa.gov

Jim Moeller-D, 49th District 429B Legislative Building PO Box 40600 Olympia, WA 98504 (360) 786-7872 moeller.jim@leg.wa.gov

NO CHILDREN OR PETS PLEASE

Congratulations to RON ANDERSON Winner of the November drawing for a free dinner at this month’s meeting. Follow us on Twitter & Facebook!

ccrawa.org


board minutes

From the December 1, 2015 meeting of the CCRA Board of Directors

CCRA membership application Mail to: Clark County Rental Association 5620 Gher Road, Suite H • Vancouver, WA 98662-6166

Members present: Pat Schaefer, Jeff Gough, Ron Oliver, Quinn Posner, Jackie Maze, Janine & Lyn Ayers, and Blain & Cheryl Cowley.

Lyn emphasized that with Max’ retirement from the board, we need to find a volunteer to replace him when searching for monthly speakers.

ANNUAL DUES: $120

The meeting was called to order by President Lyn Ayers

Pat shared that the donation to the WROA PAC was only $85 at the November meeting and was hoping for more since it’s the Christmas season.

Mail to: Name and/or Complex: ............................................................................................ Date: ........................

Jeff apologized for the lateness of the newsletter. There was a major problem with the machine that does the binding of the cover. Since we have no control over the actual delivery of the newsletter by the postal carrier, this adds to the late problem. The decision was made to move up the deadline for contributors to get it to the printers a week earlier.

Phone: ........................................................................ Alternate Phone: ..................................................................

The minutes as previously submitted were approved as distributed. Treasurers Report was presented and approved. The budget for 2016 was discussed and the final version will be presented at the January board meeting for approval. Blain led a discussion on increasing the dues for WROA. We have been sending them $35 per member for several years and they have requested chapters increase their contribution to $45 per member per year. The question was asked about how our money is used by WROA. Blain stated that approximately 90% goes to paying our lobbyists and that percentage would continue. Another part of the discussion centered on the negative cash flow experienced the past few years by CCRA and what impact increasing the dues payment would impact the CCRA finances. Pat Schaefer moved that we increase the dues to $45 per year per CCRA member. The motion was seconded and passed. Blain re-stated a concern that due to the recent ordinances implemented by the City and other municipalities there might be a future need for additional legal defense funds. Pat provided a review of the October training seminar co-sponsored by CCRA with the Clark County Health Department. It was well-attended and a few people were turned away indicating the need for landlord training. The presenter included information on the new ordinances recently adopted by the City of Vancouver. A lot of questions were asked of her following the session. The speaker for the January meeting will be Detective Tom Mitchum from the Clark County Sheriff. He will be addressing ways to protect ourselves and our tenants from fraud and identity theft.

He also repeated his desire to have a new version of the website available for the Board to review by the January 5th board meeting. Another item of old business is developing a relationship between CCRA and Habitat for Humanity and their ReStore operation. Blain and Lyn met with the manager of the Vancouver store who was very interested in discussing a path forward that could be mutually beneficial. The board agreed that this could be a way the landlord community could provide significant assistance to renters (owners) who are willing to include their own sweat equity instead of looking for a handout. Under new business, we discussed a survey of our landlords with rentals inside the city limits and how they are responding to the new city ordinances. The decision was made to do an email blast survey to our members. It will ask those who own city properties how they are reacting to these ordinances. This will help us and WROA determine the impact on tenants in the city and how we should move forward. There being no other business, the meeting was adjourned. Janine Ayers (interim minutes-taker)

includes newsletter (Payable initially on a yearly basis). $50 for each additional newsletter mailed to a separate address.

Mailing Address: ........................................................ City/ST: .............................................. ZIP:.......................... E-mail: ........................................................................ Number of Rental Units: .................................................... How did you hear about us? .................................... Applicant's Signature: ........................................................

❒ New Membership ❒ Renewal ❒ Owner ❒ Manager ❒ Both ❒ Association

The Benefits of CCRA Membership Meetings

Seminars

General Membership meetings are held the last Tuesday of every month.

Subjects regarding financial analysis, investments, economics, etc., given by professionals and offered at nominal cost to you.

Monthly Newsletter Our newsletter (mailed around the 15th) includes timely articles of general interest written by authorities in our industry. Published unlawful detainer lists are a helpful screening tool (complete list available back to 10/87).

Industry Subscriptions Members receive a free subscription to the Landlord Times, as well as a free, five month subscription to Mr. Landlord.

Educational Programs Through education and high ethical standards, CCRA is pledged to raise professional standards and increase efficiency of the rental property operations in our county.

JANUARY

2016

This month’s features

Letter from the president ........................................................................1 Tip of the Month........................................................................................2 Events Calendar ........................................................................................2 Member Statistics ....................................................................................3 Unlawful Detainers ..................................................................................4 CCRA Renewal for 2016............................................................................6 LEGISLATIVE DAY: February 3rd, 2016 ....................................................7 IRS Q&A: Depreciation & Recapture ......................................................8 Considerations to Make Before You Buy Rental Property ................9

Fire Safety Tip: Fire Escape Drills ..........................................................11 What you need to know before getting a commercial loan............13 Security Deposits Vs. Surety Bonds......................................................15 How to Reduce Your Financial “Burn Rate”........................................17 CCRA Marketplace ..................................................................................19 Advertiser Directory & Business Associates ......................................20 Member Application ....................................................inside back cover

Rental Forms/Books A new-member packet is given to you when you join. Forms are provided which protect your legal rights and help your business operate smoothly and more efficiently. Landlording/Landlord Tenant Law books available.

Associate Commercial Members Offering you a selection of local services and retail products, sometimes discounted.

Officers and Directors Volunteering their time and talents to be of service to you.

Legislative Representation Your interests are served on vital issues by our State Legislative Lobbyist. The need for representation on laws affecting the rental industry is a constant concern of our Association.

Washington Apartment Association Our State Association is comprised of 13 local rental property groups throughout Washington, united in the goal of preserving free enterprise and protecting owners and managers of rental property.

Tax Deduction Membership dues, and advertising costs can be written off as business expense.

A United Voice: There is strength in UNITY!

Advertiser Discounts Check our Advertisers Index for vendors/service providers who offer discounts to CCRA members.

Member Discount Members interested in joining Club Green Meadows receive a 50% discount on their initiation fee.


Letter from the President

CLARK COUNTY RENTAL ASSOCIATION 5620 Gher Rd., Ste. H Vancouver, WA 98662-6166 360-693-2272 www.ccrawa.org

LYN AYERS

2016 OFFICERS

CCRA President

Happy New Year! Let’s hope for another great year. However we need to do more than just hope: we need to participate and be actively involved. We must be dedicated to educating ourselves. We need to arm ourselves with knowledge about what is ethical, what is right and just, what is meant by caring for our tenants and our community. Every year I select goals for the organization to provide some direction. As I review those goals I realize that each year has the same over-riding objectives: learn what we should know about landlording including treating our tenants fairly. That seems simple, but in reality it isn’t that easy. Janine and I began buying fixeruppers and then renting them. However we didn’t know anything about the rental business. Fortunately renters and laws were less demanding and less stringent. The point is that we treated this as a sideline. As time passed, we began to realize landlording is a serious business. To run our rentals properly, we needed education regarding the laws and proper ways to care for our business including our tenants. After 30 years as a landlord, my advice to all of you who have been a landlord less than a year or two or have one or two units is: • Pay attention to what you are doing. • Know what you should be doing. The costs associated with not knowing might be thousands of dollars in damage, unpaid rent, and possibly an extended vacancy. This might make you wonder if I CLARK COUNTY RENTAL ASSOCIATION

President Lyn Ayers • 693-0025 layers@wa-net.com

am trying to scare you away from this business. I am, if you view being a landlord as an easy potential source of income down the road. If you end up in court sometime in the future and you have overlooked or ignored some critical facet of the law and how to operate, not only will it cost you money, but you contribute to the image landlords have of being slumlords. Since you are a landlord and a member of CCRA, read our magazine articles, attend the dinner meetings, for sure go to the training sessions. Take advantage of other sources. For example check the Rental Housing Journal (complimentary with CCRA membership), and Mr. Landlord (a 6month complimentary membership.) Visit the WROA (Washington Rental Owner Association) website and read about what is happening in Olympia and around the state. Get informed and protect yourself. One of the first things to do for 2016 is attend the upcoming January dinner meeting where our speaker will be discussing ways to protect our identities and those of our tenants. Imagine the consequences if somehow you lost a tenant’s personal information due to negligence on your part! Be sure to call the office at 360 693-2272 by the 22 nd to place your reservation! This year we will be enhancing the website with more information and easier access. We are already beginning to plan a Saturday training day in April. Let me know if you have special subjects you would like included at president@ccrawa.org.

Vice President - WAA Delegate Blain Cowley • 699-4900 camsonllc@aol.com Secretary Patty Silver • 693-3600 silverbug5@aol.com Treasurer Janine Ayers • 693-0025 layers@wa-net.com

BOARD OF DIRECTORS Past President, WAA Ken Opp • 693-6260 rpms@pacifier.com Dinner Coordinator Thanks & Acknowledgements Patty Silver • 608-2086 silverbug5@aol.com Events & Entertainment, PAC Drawing Pat Schaefer • 980-0389 pkbshaefer@gmail.com Mentor Program Sue Denfeld • 896-5885 mentor@ccrawa.org Board Member At-Large Cheryl Cowley • 699-4900

CCRA NEWSLETTER Designer / Editor Jeff Gough - Gough Creative Group 607-4693 • editor@ccrawa.org Advertising Jackie Maze • 909-3414

CCRA ASSOCIATES Accounting Advisor Ron Oliver, CPA • 574-0644 ron@vancouvercpa.com Legal Advisor Quinn Posner, Attorney • 524-4767 Quinn@posnerlaw.com Information Coordinator Roger Silver • 693-2272

JANUARY 2016

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2016 should be a good year for us. Rents are strong and demand today exceeds supply although that will change. There are thousands of new units in the pipeline. Although very few are affordable, our more well-off tenants will be able to afford them which will open up lowerrent older units. At some point, demand will decrease enough so that concessions will become increasingly

prevalent. Ultimately, rents will begin to fall as landlords need to keep their units rented. This may not happen this year or even next, but it will happen and surprise many. Be knowledgeable landlords. Practice ethical landlording. Protect your investments. Be diligent. Do all of these and 2016 will be a great year.

Tip of the Month INVEST TO AVOID FUNCTIONAL OBSOLESCENCE: Spending on upgrades may hurt the bottom line over the short term, but improvements will pay dividends in long-term tenants. If you put the real estate first, and the property is well-maintained, it gives tenants a reason to stay.

Events Calendar So that you will have ample time to make your reservations, mark your calendar to show that CCRA’s dinner meetings are scheduled for the last Tuesday of every month, (with the exception of June & December). DINNER & COFFEE RSVP MUST BE MADE BY NOON ON THE FRIDAY PRIOR TO THE MONTHLY DINNER MEETING!

JANUARY SUN

MON

TUE

FEBRUARY WED

THUR

FRI

SAT

SUN

MON

TUE

WED

Board Meeting

Legislative Day in Olympria

THUR

FRI

SAT

Board Meeting

Dinner RSVP deadline

Dinner RSVP deadline

Dinner Meeting

Dinner Meeting

FEBRUARY 23rd DINNER MEETING SPEAKER TO BE ANNOUNCED CCRA’S Annual Landlord Training Seminar is scheduled for SATURDAY, APRIL 30th. FOLLOW US FOR UPDATES! Watch for additional details on speakers, topics and times in upcoming issues and on Facebook/Twitter. 2

JANUARY 2016

CLARK COUNTY RENTAL ASSOCIATION


Member Statistics CCRA Welcomes the following new members: BEN & KATIE BORTOLAZZO MARVIN CALHOUN CRAIG & CARRIE DUFFEY SABRINA GROSSMAN JAY HAGEN MELISSA HEISKARI JAMES & TAMARA KINMAN RICHARD & NINA MORTENSEN BECKY POTTER SECOND STEP HOUSING RAY WALLWAY WHITE STAR PROPERTIES, LLC Don’t miss out on the great educational and networking opportunities at the monthly dinner meetings.

CCRA Statistics for December 2016 Regular Members: ....................................................255 Associate Members: ..................................................16 Total Units Represented: ......................................9,156

STAY UP-TO-DATE! “Follow us”&”like us” on Twitter & Facebook @CCRAWashington

CCRAWA

You’ve Got Questions? We’ve Got Mentors CCRA’s experienced mentors are here to help.

Call 693-2272 today! If you are interested in assisting our members and becoming a CCRA mentor, Call Sue Denfeld at: 896-5885

“Your CCRA Aorney” QUINN POSNER Aorney Evictions handled quickly and professionally Discounts available for CCRA members

532 NE 3rd Ave., Ste. 105 • Camas, WA 98607 phone (360) 524‐4767 • fax (360) 326‐1913 W W W . P O S N E R L AW O F F I C E . C O M

CLARK COUNTY RENTAL ASSOCIATION

JANUARY 2016

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Unlawful Detainers FILED: 10/06/2015 to 12/30/2015 Surname

First Name

Case #

Date

ABDULE ................MASOON M...................................15-2-02927-8 ..........10/22/15 ADAME..................TODD ............................................15-2-03079-9 ..........11/10/15 AGOSTO................CHRISTOPHER..............................15-2-02978-2 ..........10/27/15 AL-MUSAWI..........ZAINAB ........................................15-2-02951-1 ..........10/23/15 ALDUNISH ............ABDULLAH....................................15-2-03403-4 ..........12/22/15 ALISON ................JASMINE M...................................15-2-03140-0 ..........11/16/15 ALLEGRETTO ........ASHLEIGH ....................................15-2-03375-5 ..........12/21/15 ALLEN ..................TIFFANY ........................................15-2-02882-4 ..........10/19/15 ALLGOOD..............CYNTHIA ......................................15-2-03210-4 ..........11/23/15 ALSAGOOR ..........ALI ................................................15-2-03403-4 ..........12/22/15 AMERSON ............PAUL ............................................15-2-03332-1 ..........12/15/15 ANDERSON ..........MARY T/MICOLE S/JOHNNY M ....15-2-03000-4 ..........10/29/15 ANDREWS ............AMANDA ......................................15-2-02837-9 ..........10/13/15 ANTONOVA ..........LYUDMILA/KONSTANTIN ..............15-2-03452-2 ..........12/30/15 ARENAS ................RAYMOND ....................................15-2-03413-1 ..........12/23/15 ASHKARI ..............MAREE ..........................................15-2-03384-4 ..........12/21/15 ASHLEY ................KEANDRA L...................................15-2-03382-8 ..........12/21/15 AVERY ..................DAWNA ........................................15-2-02930-8 ..........10/22/15 AZALI ....................PARRISH ......................................15-2-03137-0 ..........11/16/15 BAEZ ....................JOSE ............................................15-2-02925-1 ..........10/22/15 BALOGH................MATTHEW J ..................................15-2-02939-1 ..........10/23/15 BARCLAY ..............CARRIE ........................................15-2-02858-1 ..........10/16/15 BARKER ................JUSTIN..........................................15-2-02959-6 ..........10/26/15 BARRON ..............MIA ..............................................15-2-03061-6 ..........11/09/15 BELL ....................DOUGLAS ....................................15-2-03460-5 ..........12/29/15 BELTRAN ..............JOSE MONTANO ..........................15-2-02940-5 ..........10/23/15 BENFIT ..................KEVIN/TIARA ESOLTA ..................15-2-03220-1 ..........11/24/15 BENNETT ..............KERRY ..........................................15-2-03348-8 ..........12/16/15 BENNETT ..............TIFFANY A./KAELESHA A. ............15-2-03057-8 ..........11/06/15 BENTLEY ..............GOLDY ..........................................15-2-03255-4 ..........12/01/15 BERNASH..............REBECCA ......................................15-2-03231-7 ..........11/25/15 BEVERS ................CHANDRA LYNN ..........................15-2-03279-1 ..........12/04/15 BIEN......................ROBERT ........................................15-2-03009-8 ..........10/30/15 BIGLY ....................JOHN ............................................15-2-03276-9 ..........12/02/15 BILLUPS ..............MICHAEL/JACQUELINE ................15-2-03047-1 ..........11/05/15 BLACKFORD..........CHEYNA ........................................15-2-03385-2 ..........12/21/15 BLAKEMORE ........ERIC ..............................................15-2-03450-6 ..........12/29/15 BLANCHARD ........DIANN ..........................................15-2-03256-2 ..........12/01/15 BLAS ....................CRYSTAL ......................................15-2-03377-1 ..........12/21/15 BLOCK ..................KIM ..............................................15-2-03305-4 ..........12/10/15 BOHNER................GARY ............................................15-2-03255-4 ..........12/01/15 BOONE ..................LISA M. ........................................15-2-02766-6 ..........10/06/15 BOTTOMS ............CINDY Y. ......................................15-2-02828-0 ..........10/13/15 BOYD ....................LORINA ........................................15-2-03254-6 ..........12/01/15 BOYD ....................MICHAEL ......................................15-2-03346-1 ..........12/16/15 BRANFORD ..........LANCE E. ......................................15-2-03347-0 ..........12/16/15 BREHM ................SUSAN ..........................................15-2-02828-0 ..........10/13/15 BREWINGTON ......KAYLA ..........................................15-2-02897-2 ..........10/20/15 BRITO ..................MARISSA ......................................15-2-03320-8 ..........12/14/15 BRONSKI ..............KYLIE C. ........................................15-2-02923-5 ..........10/22/15 BROOKS................KELLEY ........................................15-2-02872-7 ..........10/15/15 BROTEN ................JENNIFER......................................15-2-02946-4 ..........10/23/15 BUDE ....................CHRIS ..........................................15-2-02897-2 ..........10/20/15 BURGESS..............NATASHA ......................................15-2-03234-1 ..........11/25/15 BURNHAM ............EVAAN ..........................................15-2-03156-6 ..........11/17/15 BURTON................LAUREL ........................................15-2-03035-7 ..........11/03/15 CALAWAY..............DAVID ..........................................15-2-03208-2 ..........11/23/15 CALLISTER ..........“ZEDEKIA “”BROOKS”“” ..............15-2-02828-0 ..........10/13/15 CAMERON ............AMY ..............................................15-2-03093-4 ..........11/12/15 CANTON................DOLANDA ....................................15-2-03306-2 ..........12/10/15 CARAVELLO ..........KAREN ..........................................15-2-03040-3 ..........11/04/15 CARPENTER..........CASSANDRA A. ............................15-2-03414-0 ..........12/23/15 CARTER ................WILLIAM J. ..................................15-2-03284-8 ..........12/07/15 CASTELLANOS......LYNDO ..........................................15-2-03088-8 ..........11/10/15 CASTRO ................JOSE ............................................15-2-03130-2 ..........11/16/15 CAVEN ..................BRENDA ........................................15-2-03383-6 ..........12/21/15 CHANDLER ..........BYRON ..........................................15-2-03339-9 ..........12/16/15 CHARLEY ..............ALECIA T. ......................................15-2-02879-4 ..........10/16/15 CHAVARRIA ..........ARTURA ........................................15-2-03232-5 ..........11/25/15 CHAVARRIA ..........ARTURO........................................15-2-03011-0 ..........11/02/15 CHAVEZ-VALENCIA ERIC/ERIC ........................................15-2-02838-7 ..........10/13/15 CHRISTENSEN ......MARISSA ......................................15-2-02944-8 ..........10/23/15 CLARK ..................WILLIAM ......................................15-2-03331-3 ..........12/15/15 COGLHLIN ............ANTHONY ....................................15-2-02884-1 ..........10/19/15 COOK ....................ROBERT ........................................15-2-03166-3 ..........11/17/15 COONS..................DOMINIC ......................................15-2-02897-2 ..........10/20/15 CORBIN ................CODY ............................................15-2-02959-6 ..........10/26/15 CORDER................CRAIG/ROBBYN ............................15-2-03295-3 ..........12/08/15

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JANUARY 2016

Surname

First Name

Case #

Date

CORDOVA ............ANTHONY ....................................15-2-02875-1 ..........10/16/15 CORTEZ ................RUBEN E. JR./KENDRA ................15-2-03215-5 ..........11/23/15 CRADER................KRISTI ..........................................15-2-03381-0 ..........12/21/15 CROSELL ..............CECILIA & HEIRS ..........................15-2-03062-4 ..........11/09/15 CRYNES ................NICHOLAS ....................................15-2-02880-8 ..........10/16/15 CULVER ................BERNADETTE ................................15-2-03129-9 ..........11/16/15 DANTA ..................CAITLIN ........................................15-2-02897-2 ..........10/20/15 DAVIS ..................LYNDSAY R. ..................................15-2-03368-2 ..........12/21/15 DAWSON ..............CHRIS ..........................................15-2-03160-4 ..........11/17/15 DECORTE ..............GAIL L. ..........................................15-2-03031-4 ..........11/03/15 DEDMAN ..............SHERRY ........................................15-2-02900-6 ..........10/20/15 DEJACIMO ............TOMMY ........................................15-2-03134-5 ..........11/16/15 DEQUISE ..............AARON ..........................................15-2-02895-6 ..........10/20/15 DERHEIM ..............TRACY ..........................................15-2-03156-6 ..........11/17/15 DEWITT ................HEATHER ......................................15-2-03040-3 ..........11/04/15 DILLON ................CAMILLE ......................................15-2-03303-8 ..........12/09/15 DIPIETRA ..............LINDA ..........................................15-2-02976-6 ..........10/27/15 DOCKERY..............JONAH ..........................................15-2-02952-9 ..........10/23/15 DOE ......................VICTORIA ......................................15-2-03009-8 ..........10/30/15 DOTSEY ................EZEKIEL ........................................15-2-03405-1 ..........12/22/15 DOUGAL................MELISSA ......................................15-2-03339-9 ..........12/16/15 DUNGAWIN ..........RAY ..............................................15-2-02879-4 ..........10/16/15 DUYCK ..................LINDA ..........................................15-2-03272-4 ..........12/03/15 EBY ......................ALLEN ..........................................15-2-02766-6 ..........10/06/15 ECHERD ................ANDREW ......................................15-2-03380-1 ..........12/21/15 EDGMON ..............MASHALA ....................................15-2-03094-2 ..........11/12/15 ELLIOTT ................NATASHA S./BILLY........................15-2-03458-1 ..........12/30/15 ENRIQUEZ ............TIBURICIO MEJIA ........................15-2-02886-7 ..........10/19/15 EPHREM ..............LONNIE ........................................15-2-02938-3 ..........10/22/15 ESOLTA-BENFIT ....TIARA/KEVIN ................................15-2-03220-1 ..........11/24/15 ESTRADA-BERDEJO MIREYA ................................................15-2-03294-5............12/08/15 EVANS ..................MARQUIS Q. ................................15-2-02923-5 ..........10/22/15 FANNING ..............CATHY J. ......................................15-2-03135-3 ..........11/16/15 FARIAS..................JESSICA ........................................15-2-02800-0 ..........10/08/15 FINLEY ..................DANIECEA ....................................15-2-03116-7 ..........11/13/15 FOLLET ................TERESA ........................................15-2-03225-2 ..........11/24/15 FORESTER ............JOHN R. ........................................15-2-02811-5 ..........10/09/15 FORTUNATO..........WOODY ........................................15-2-03374-7 ..........12/21/15 FOSTER ................TERESA ........................................15-2-02864-6 ..........10/15/15 FOWLER................GEORGE ........................................15-2-02945-6 ..........10/23/15 FRANKS ................JEFFREY........................................15-2-03163-9 ..........11/17/15 FREEMAN..............JOSEPH ........................................15-2-02861-1 ..........10/15/15 FULLER ................AMADI ..........................................15-2-03136-1 ..........11/16/15 GARRETT ..............ANITA ............................................15-2-03199-0 ..........11/20/15 GIFFORD ..............GEORGE/KELLY ............................15-2-03139-6 ..........11/16/15 GILBERT ..............LISA ..............................................15-2-02802-6 ..........10/08/15 GILMORE ..............EVELYN ........................................15-2-03198-1 ..........11/20/15 GUERREO ............OMARIO ........................................15-2-03360-7 ..........12/17/15 GUIDINGER ..........AARON P. ......................................15-2-02883-2 ..........10/19/15 HAASE ..................BRADLEY ......................................15-2-03157-4 ..........11/17/15 HAGEN ..................BILLIE ..........................................15-2-03331-3 ..........12/15/15 HAGER ..................MICHAEL ......................................15-2-03048-9 ..........11/05/15 HALL ....................TIM ..............................................15-2-03025-4 ..........11/02/15 HAMILTON ............JASON ..........................................15-2-03373-9 ..........12/21/15 HANEN ..................DARYL L. ......................................15-2-03321-6 ..........12/14/15 HANRATTY............BRAD ............................................15-2-02871-9 ..........10/15/15 HANSON ..............LOUIE K./LISA K. ..........................15-2-03114-1 ..........11/13/15 HARMON ..............CHRISTINA ..................................15-2-03158-2 ..........11/17/15 HARPER................NAOMI/NANCY..............................15-2-02961-8 ..........10/26/15 HARPER-CULVER NANCY/NAOMI..............................15-2-02961-8 ..........10/26/15 HARRIS ................JAMES ..........................................15-2-02772-1 ..........10/06/15 HARTSHORN ........MARIANNE....................................15-2-03342-9 ..........12/16/15 HECK ....................GARY ............................................15-2-03319-4 ..........12/14/15 HEDUM ................CAROL A. ......................................15-2-02810-7 ..........10/09/15 HEINEMANN ........KAREN ..........................................15-2-03333-0 ..........12/15/15 HENDERSON ........CARL ............................................15-2-03378-0 ..........12/21/15 HENDERSON ........FLOYD ..........................................15-2-02810-7 ..........10/09/15 HERANN................MURINE H.....................................15-2-02899-9 ..........10/20/15 HERING ................DANIEL ........................................15-2-02877-8 ..........10/16/15 HERNANDEZ ........HUMBERTO ..................................15-2-03043-8 ..........11/04/15 HERNANDEZ ........JOSE ............................................15-2-02799-2 ..........10/08/15 HIGGINS ..............KATHERINE ..................................15-2-03293-7 ..........12/08/15 HINES ..................JAMES ..........................................15-2-03033-1 ..........11/03/15 HOBBS ..................EUGENE ........................................15-2-03194-9 ..........11/20/15 HOLLIS ................DONNA..........................................15-2-03353-4 ..........12/17/15 HOLMES ..............FRANK/HILARY ............................15-2-02813-1 ..........10/12/15 HOUSTON ............MIKE ............................................15-2-02897-2 ..........10/20/15 HUBBARD ............LAURA/SIMON ..............................15-2-02989-8 ..........10/28/15

CLARK COUNTY RENTAL ASSOCIATION


Unlawful Detainers - continued FILED: 10/06/2015 to 12/30/2015 Surname

First Name

Case #

Date

HUGHES................MAXWELL ....................................15-2-03161-2 ..........11/17/15 HUGHES................SHANE ..........................................15-2-02930-8 ..........10/22/15 JANICE..................KARL ............................................15-2-03089-6 ..........11/10/15 JELDERKS ............VICTORIA ......................................15-2-02852-2 ..........10/14/15 JENKINS ..............JAMES R. ......................................15-2-03333-0 ..........12/15/15 JOHNSON ............DANNY/ECHO................................15-2-02768-2 ..........10/06/15 JOHNSON ............ERIC ..............................................15-2-03450-6 ..........12/29/15 JOHNSON ............MARK............................................15-2-03383-6 ..........12/21/15 JONES ..................BAEANNA ......................................15-2-03372-1 ..........12/21/15 JONES ..................BRENDA/DALE ..............................15-2-03283-0 ..........12/07/15 JONES ..................MONTY TRACY ............................15-2-03340-2 ..........12/16/15 KAMPMANN..........DANIEL ........................................15-2-02952-9 ..........10/23/15 KARUO..................KICKPACK ....................................15-2-03117-5 ..........11/13/15 KENNAN................MICHELLE ....................................15-2-03243-1 ..........11/30/15 KIMBALL ..............HEATHER ......................................15-2-03164-7 ..........11/17/15 KLOSS ..................DEBORAH K. ................................15-2-03032-2 ..........11/03/15 KOKKELER ............ROXANNE D. ................................15-2-03399-2 ..........12/22/15 KOTKOSKI ............BRADON ......................................15-2-03293-7 ..........12/08/15 KUMAR ................NITISHA ........................................15-2-02798-4 ..........10/08/15 KUTCHINS ............MATTHEW ....................................15-2-02937-5 ..........10/22/15 LABUFF ................RICHARD ......................................15-2-03064-1 ..........11/09/15 LACHAPPELLE ......DAWN ..........................................15-2-03341-1 ..........12/16/15 LARSON................JEREMY ........................................15-2-02860-3 ..........10/15/15 LEHTO ..................JASON ..........................................15-2-03243-1 ..........11/30/15 LETHERMAN ........DAKOTA ........................................15-2-02952-9 ..........10/23/15 LIVINGOOD ..........SHANNON ....................................15-2-02767-4 ..........10/06/15 LONERGAN ..........THONDA K. ..................................15-2-03415-8 ..........12/23/15 LOOFBOURROW ..ROBERT/HEATHER........................15-2-03277-5 ..........12/04/15 LOPEZ ..................ALICE M. ......................................15-2-03290-2 ..........12/08/15 LOPEZ ..................MARISOL ......................................15-2-03417-4 ..........12/23/15 LOWERY ..............MICHAEL ......................................15-2-02779-8 ..........10/07/15 LUEBKE ................RICHARD ......................................15-2-03399-2 ..........12/22/15 LUND ....................WANDA ........................................15-2-03359-3 ..........12/17/15 LYMAN ..................BRANDON ....................................15-2-02875-1 ..........10/16/15 MAJOR..................BRANDON ....................................15-2-02897-2 ..........10/20/15 MANDRELL ..........CHRIS ..........................................15-2-03283-0 ..........12/07/15 MARTIN ................JAMES P. ......................................15-2-03032-2 ..........11/03/15 MARTINEZ ............TAYLOR/MARK..............................15-2-03161-2 ..........11/17/15 MASK....................RACHEL ........................................15-2-02962-6 ..........10/26/15 MASTRO ..............JOELLE ........................................15-2-03041-1 ..........11/04/15 MATTILLA ............ALAN L./KATHY J. ........................15-2-03086-1 ..........11/10/15 MATTILLA ............ALAN L./KATHY J. ........................15-2-03242-2 ..........11/30/15 MAURICO..............CONNIE ........................................15-2-02853-1 ..........10/14/15 MAXWELL ............SOMER ........................................15-2-02978-2 ..........10/27/15 MCCARTER ..........RAMONA ......................................15-2-03177-9 ..........11/18/15 MCCLURE ............JOIQASE ......................................15-2-03198-1 ..........11/20/15 MCCRACKEN ........KEVIN............................................15-2-03305-4 ..........12/10/15 MCGUIRE..............MICHAEL T. ..................................15-2-02941-3 ..........10/23/15 MCINTOSH............CANDICE ......................................15-2-03253-8 ..........12/01/15 MCLEOD ..............WINSTON......................................15-2-02928-6 ..........10/22/15 MCMILLLAN ........AMANDA ......................................15-2-02814-0 ..........10/12/15 MERCURY ............PARIS............................................15-2-03043-8 ..........11/04/15 MEREDIETH ..........MICHAEL ......................................15-2-03023-8 ..........11/02/15 MERRILL ..............“ROBERT ANTHONY “”TONY”“”....15-2-03004-7 ..........10/29/15 MESA ....................MELISSA ......................................15-2-03357-7 ..........12/17/15 MEZA PEREZ ........NOELIA ........................................15-2-03413-1 ..........12/23/15 MICHAELS ............DAVID/REBECCA ..........................15-2-03302-0 ..........12/09/15 MICKLES ..............SLOAN/EDGAR..............................15-2-03393-9 ..........12/14/15 MILLER ................LYLILA ..........................................15-2-03370-4 ..........12/21/15 MILLER ................MELISSA ......................................15-2-03042-0 ..........11/04/15 MILLER ................WILLIAM M...................................15-2-03414-8 ..........12/23/15 MILTENBERGER....TYSON/ERICA ..............................15-2-03228-7 ..........11/24/15 MINKLER ..............MILES ..........................................15-2-02819-1 ..........10/12/15 MODOC ................NEONA MAE..................................15-2-03251-1 ..........12/01/15 MOEN....................ELISA K. ........................................15-2-03056-0 ..........11/06/15 MOHRING ............EORICA ........................................15-2-03179-5 ..........11/18/15 MOLINAS ..............JOHN ............................................15-2-02929-4 ..........10/22/15 MOLINAS ..............JOHN ............................................15-2-03241-4 ..........11/30/15 MONKS ................ANTHONY/COLLETTE....................15-2-03132-9 ..........11/16/15 MORRISSEY ........TINA ..............................................15-2-03358-5 ..........12/17/15 MULLINS ..............JOHN/CYIARA ..............................15-2-02837-9 ..........10/13/15 MUNOZ ................ELIZABETH....................................15-2-03170-1 ..........11/17/15 MUNZO ................LEONEL ........................................15-2-02812-3 ..........10/09/15 NANTZ ..................KENNETH A. JR.............................15-2-02905-7 ..........10/21/15 NARANJO-ROBLES BRANDON ........................................15-2-03212-1 ..........11/23/15 NAVA ....................ARMANDO ....................................15-2-03320-8 ..........12/14/15 NAVARRO ............ROCIO/JAIME/MAYRA ..................15-2-03186-8 ..........11/19/15 NEHER ..................STEVE ..........................................15-2-03409-3 ..........12/23/15

CLARK COUNTY RENTAL ASSOCIATION

Surname

First Name

Case #

Date

NELSON ................GRANT ..........................................15-2-02830-1 ..........10/13/15 NELSON ................WILLIAM ......................................15-2-03291-1 ..........12/08/15 NERTON................KRISTIN ........................................15-2-02881-6 ..........10/19/15 NEWTON ..............JAIRUS ........................................15-2-03372-1 ..........12/21/15 NICHOLAS ............MATHEW/AICIA ............................15-2-03084-5 ..........11/10/15 NORDSTROM........GREG ............................................15-2-03061-6 ..........11/09/15 NORDSTROM........LINC ..............................................15-2-03142-6 ..........11/16/15 NOUS ....................TOMMY ........................................15-2-03117-5 ..........11/13/15 OBRIEN ................TYLER ..........................................15-2-03414-0 ..........12/23/15 ORTIZ....................VICTOR GUTIERREZ ....................15-2-03169-8 ..........11/17/15 OWEN ..................RICK..............................................15-2-02910-3 ..........10/21/15 PAASCHE ..............DENNIS/CANDACE ........................15-2-02780-1 ..........10/07/15 PABLA ..................LOVEDEEP ....................................15-2-02798-4 ..........10/08/15 PALMER................PAUL/MARSHA ............................15-2-02995-2 ..........10/28/15 PARKER ................KIMBERLY ....................................15-2-03292-9 ..........12/08/15 PASCOE ................SHARON A. ..................................15-2-04310-6 ..........10/21/15 PATTEE ................DORIS ..........................................15-2-02898-1 ..........10/20/15 PATTERSON ..........MIKE ............................................15-2-02960-0 ..........10/26/15 PAWVER ..............SHERRY ........................................15-2-034j0-42 ..........12/22/15 PEARCE ................DEAN ............................................15-2-03049-7 ..........11/05/15 PEREZ ..................SANTIAGO/DIANA ........................15-2-02977-4 ..........10/27/15 PETERS ................BRIAN ..........................................15-2-02839-5 ..........10/13/15 PETERS ................KEVIN............................................15-2-02943-0 ..........10/23/15 PETERSON............JOSETTE ......................................15-2-02769-1 ..........10/06/15 PETRY ..................MACHELLE/BILLY ........................15-2-02771-2 ..........10/06/15 PHILLIPS ..............STEPHEN ......................................15-2-02863-8 ..........10/15/15 PHIPPS ................ANGELA ........................................15-2-03402-6 ..........12/22/15 PICKERING ..........JOEL ............................................15-2-02946-4 ..........10/23/15 POMEROY ............GENE/WILMA ................................15-2-02817-4 ..........10/12/15 PONDERS ............KIM ..............................................15-2-02897-2 ..........10/20/15 PRELLER ..............STEVEN ........................................15-2-03260-1 ..........12/02/15 QUIRK ..................KENNETH Q ..................................15-2-02822-1 ..........10/12/15 RAMIREZ ..............AMBER C. ....................................15-2-03278-3 ..........12/04/15 RANDALL..............ANGELA ........................................15-2-03036-5 ..........11/03/15 RAYMORE ............MICHAEL ......................................15-2-03156-6 ..........11/17/15 REARDON ............PATRICK........................................15-2-02951-1 ..........10/23/15 REDMOND ............JASON/SARAH ..............................15-2-03213-9 ..........11/23/15 REED ....................CRYSTAL/TOBI..............................15-2-02908-1 ..........10/21/15 REIF ......................RICHARD ......................................15-2-03235-0 ..........11/25/15 REYES ..................JOSE LUIS ....................................15-2-02907-3 ..........10/21/15 REYES-ROCHA......JESSICAJOSEPH ..........................15-2-02924-3 ..........10/22/15 RICE......................COREY ..........................................15-2-03225-2 ..........11/24/15 RISTICK ................EVA ..............................................15-2-02988-0 ..........10/28/15 ROBERTSON ........TROY A./TAMI M. ..........................15-2-03113-2 ..........11/13/15 ROBINSON............JAROD ..........................................15-2-02943-0 ..........10/23/15 ROCHA..................JOSEPH/JESSICA..........................15-2-02924-3 ..........10/22/15 ROCKETT ..............JOSH/LACY ..................................15-2-02866-2 ..........10/15/15 RODGERS ............STEPHANIE ..................................15-2-03319-4 ..........12/14/15 ROGERS................JASON ..........................................15-2-03334-8 ..........12/15/15 ROJAS ..................FRANCISCO R. ..............................15-2-03384-4 ..........12/21/15 RUSSELL ..............ERIN..............................................15-2-03252-0 ..........12/01/15 SAB ......................MAYANNE ....................................15-2-03159-1 ..........11/17/15 SALAMANCA ........CARMEN ......................................15-2-03308-9 ..........12/10/15 SALAS ..................LUIS ..............................................15-2-02983-9 ..........10/27/15 SANCHEZ ..............JANET ..........................................15-2-02926-0 ..........10/22/15 SAVAGE ................AMANDA ......................................15-2-03082-9 ..........11/10/15 SCHAEFER ............SARAH ..........................................15-2-03038-1 ..........11/04/15 SCHMIDT ..............RYAN N. ........................................15-2-03352-6 ..........12/17/15 SCHNEIDER ..........STEVE/PATRICIA ..........................15-2-02829-8 ..........10/13/15 SCHONE................SUSAN ..........................................15-2-02971-5 ..........10/26/15 SCHWARTZ ..........CRAIG ..........................................15-2-02898-1 ..........10/20/15 SCOTT ..................DONALD........................................15-2-02969-3 ..........10/26/15 SCULL ..................BRANDON ....................................15-2-02856-5 ..........10/14/15 SEAVEY ................JOHN A. JR. ..................................15-2-02950-2 ..........10/23/15 SEREQUE ..............JOSE ............................................15-2-03426-3 ..........12/28/15 SESSMAN ............EDWIN ..........................................15-2-03376-3 ..........12/21/15 SEU ......................SERGEY ........................................15-2-03379-8 ..........12/21/15 SHAFFER ..............JOLYNN ........................................15-2-03209-1 ..........11/23/15 SHANABERGER ....SANDRA........................................15-2-03373-9 ..........12/21/15 SHAW ..................SONYA ..........................................15-2-03321-6 ..........12/14/15 SHEPHERD ..........SODIA ..........................................15-2-02848-4 ..........10/14/15 SHERWOOD..........SAMANTHA ..................................15-2-02903-1 ..........10/20/15 SICKLER ..............TIFFANY ........................................15-2-03299-6 ..........12/09/15 SICOTORSCAIA ....MANANA ......................................15-2-03015-2 ..........11/02/15 SIELER..................TONYA ..........................................15-2-03178-7 ..........11/17/15 SIMPKINS ............PAYTON ........................................15-2-03211-2 ..........11/23/15 SMITH ..................“CHARLES “”CHUCK”“” ................15-2-02828-0 ..........10/13/15 SMITH ..................COURNEY/DANIEL ........................15-2-03098-5 ..........11/12/15

JANUARY 2016

5


Unlawful Detainers - continued FILED: 10/06/2015 to 12/30/2015 Surname

First Name

Case #

SMITH ..................KATHLEEN E. ................................15-2-03034-9 SPEELMAN ..........MELISSA D. ..................................15-2-02883-2 SPRAGUE..............SHAWN/PATRICIA ........................15-2-03345-3 SPRINGER ............LYNDA ..........................................15-2-02876-0 STALNAKER ..........JENNIFER......................................15-2-02897-2 STANGL ................KARLA ..........................................15-2-02987-1 STARK ..................NICOLE ........................................15-2-03412-3 STEMSON ............RACHEL ........................................15-2-03412-3 STEWART ............JAVONATE ....................................15-2-03116-7 STILES ..................SHARON ......................................15-2-03338-1 STOVALL ..............TOM/LAURIE ................................15-2-03133-7 STOWE..................STEVE CRAIG................................15-2-03309-7 STRUTZ ................MIKI A. ..........................................15-2-03418-2 SUGAWARA ..........KIYOTAKA ....................................15-2-03162-1 SULLIVAN ............SHANON ......................................15-2-03342-9 SURBER................KEVIN/CYNTHIA ............................15-2-03261-9 SYVERSON ..........NICOLE ........................................15-2-02781-0 TAGABUEL ............MELVIN ........................................15-2-03159-1 TATE......................FRANKLIN ....................................15-2-02865-4 TAYLOR ................CRAIG ..........................................15-2-02809-3 TEAGUE ................DERRICK ......................................15-2-03118-3 TELLEZ-CORREA ..ISAAC............................................15-2-03459-0 TENORIO ..............FRANCISCA ..................................15-2-03159-1 TERWILLEGER......CRYSTAL ......................................15-2-02895-6 THANEM ..............MICHAEL ......................................15-2-03359-3 THOMPSON ..........AARON ..........................................15-2-03247-3 THOMPSON ..........MICHAEL P. ..................................15-2-02873-5 THORNE................JOLENE ........................................15-2-02816-6 THORTON ............ARENA TANISHA ..........................15-2-02770-4 TIZNADO ..............JAQUELINE PINTOR......................15-2-02940-5 TOESE ..................TUSITALA JR./TUSITALA SR.........15-2-03058-6 TOWNSEND ..........DANIELLE ....................................15-2-03386-1

Date ..........11/03/15 ..........10/19/15 ..........12/16/15 ..........10/16/15 ..........10/20/15 ..........10/28/15 ..........12/23/15 ..........12/23/15 ..........11/13/15 ..........12/16/15 ..........11/16/15 ..........12/10/15 ..........12/23/15 ..........11/17/15 ..........12/16/15 ..........12/02/15 ..........10/07/15 ..........11/17/15 ..........10/15/15 ..........10/09/15 ..........11/13/15 ..........12/30/15 ..........11/17/15 ..........10/20/15 ..........12/17/15 ..........11/30/15 ..........10/16/15 ..........10/12/15 ..........10/06/15 ..........10/23/15 ..........11/06/15 ..........12/21/15

Surname

First Name

Case #

TRENGROVE ........JACKIE ..........................................15-2-02876-0 TRUETT ................JOSHUA/LORE ..............................15-2-02999-5 TRUJILLO ............ERNEST/KRISTIN ..........................15-2-03227-9 VAIVAO ................FRANCIS/FAAIUGA........................15-2-02849-2 VALENCIA ............ELIZABETH....................................15-2-03371-2 VARGAS ................TIANEE ..........................................15-2-03429-8 VINCENT ..............HEATHER ......................................15-2-03224-4 VOGER ..................BRITTANY ....................................15-2-02814-0 WAGNER ..............GARY ............................................15-2-03358-5 WALKER ..............JIMMY ..........................................15-2-02876-0 WALKER ..............KWESI S. ......................................15-2-03428-0 WARD ..................DANIEL R ......................................15-2-02904-9 WARRAN ..............WENDY ........................................15-2-02897-2 WASHINGTON ......SYNQUIS ......................................15-2-03427-1 WEAGLE................SHAWN/RANDI ............................15-2-03307-1 WEST ....................ELIZABETH....................................15-2-03335-6 WHITE ..................DAVID C. ......................................15-2-02942-1 WHITECALF ..........LACROIX ......................................15-2-02848-4 WHITMORE ..........NICOLE ........................................15-2-03087-0 WIEGARD..............ROY ..............................................15-2-03255-4 WIGGINS ..............AUGUSTA ......................................15-2-03283-0 WILCOX ................ROBBYN........................................15-2-03085-3 WILCOXEN............JAMES R. ......................................15-2-03039-0 WILLIAM ..............AJ..................................................15-2-02899-9 WILLIAMS ............BRANDI ........................................15-2-03401-8 WILLUSHEWSKI ..JOHN ............................................15-2-03083-7 WISECARVER ......MIKE ............................................15-2-02777-1 WOLGER ..............GEORGE I......................................15-2-03425-5 WUNSCH ..............ERIN..............................................15-2-02885-9 YATES ..................JESSICA ........................................15-2-03361-5 YOUNG..................STACY ..........................................15-2-03307-1

Date ..........10/16/15 ..........10/29/15 ..........11/24/15 ..........10/14/15 ..........12/21/15 ..........12/28/15 ..........11/24/15 ..........10/12/15 ..........12/17/15 ..........10/16/15 ..........12/28/15 ..........10/20/15 ..........10/20/15 ..........12/28/15 ..........12/10/15 ..........12/15/15 ..........10/23/15 ..........10/14/15 ..........11/10/15 ..........12/01/15 ..........12/07/15 ..........11/10/15 ..........11/04/15 ..........10/20/15 ..........12/22/15 ..........11/10/15 ..........10/06/15 ..........12/28/15 ..........10/19/15 ..........12/17/15 ..........12/10/15

A complete listing in alphabetical order is available starting 1/6/87 to date from Roger Silver at 360.693.3600 CCRA is not responsible for typographical errors in the Unlawful Detainer listing. These names appear in the public records as defendants in actions filed in Clark County, the filing of an Unlawful Detainer Action means a landlord has filed suit to evict a tenant. The outcome of the suit may be favorable to either party. No inference should be made that because a suit is filed, a tenant is automatically in the wrong.

Membership News

CCRA RENEWAL FOR 2016 by ROGER SILVER CCRA Information Coordinator

It’s that time again when we are asking all our members to renew their membership for 2016. For the last few years we have experienced increased costs, however because of a small financial cushion the Board of Directors were able to resist increasing dues to cover the rising costs. In 2015 costs increased so much that the Board was reluctantly forced to increase dues to $120.00 a year. On December 1st we mailed out renewal statements for 2016. For those members that joined in any month other then January we are also requesting the pro-rated dues so that all members dues will become due on 6

JANUARY 2016

January 1st of each year. If you look on the back of this newsletter in the address section above your name and address it states: “Membership Expires and then the date”. If the date on your newsletter still has January 1, 2015, or less, then this could be your last newsletter. There are numerous benefits of CCRA membership and that information is always on the inside back cover of your newsletter. The Board is encouraging every member to renew as soon as possible to avoid missing any vital information that is provided in the newsletter and at our meetings. CLARK COUNTY RENTAL ASSOCIATION


Legislative Update - WROA

LEGISLATIVE DAY: February 3rd, 2016 You are invited to join our lobbyists, WROA Board Members, President and other landlords for a catered reception to meet with legislators personally in Olympia on February 3rd. Everyone will gather at 9:00 a.m. in the Legislative Building at the State Seal. This is your opportunity to learn what bills that our lobbyists are working for or against and to help deliver a united voice on what is best for Washington Landlords. More importantly, if there is one sure way to get a message through to a legislator it’s to deliver that message through a constituent. Schedule your appointment with the Representative/Senator in your home district. There will also be group meetings in the afternoon with key legislators that have been good friends to our industry. Help us help you by visiting your personal legislators and give them the messages that our industry needs them to hear and take to heart. WROA’s lobby team and officers

have personally delivered campaign contributions to these legislators that have been friendly to our industry. Now help us tie that support to the message, via you, the constituent!! All members are also welcome to attend our Legislative Day Reception also held on February 3, 2016. The cost of the reception is $45.00 and will be held at:

RED LION HOTEL 2300 Evergreen Park Dr. SW Olympia, WA 98502 (360) 943-4000 The room is reserved from 5:30pm until 8:30pm. If you would like to see some changes made then take advantage of this day and join us on Legislative Day, February 3, 2016! We have a block of rooms reserved at Red Lion. Just mention WAA for a discounted rate.

Schedule an appointment with your legislator: Go to this link to find your legislator: http://app.leg.wa.gov/DistrictFinder/

We’re here for you... After the handshake Does your property manager help you realize your long-term financial goals? Will they work for you, or for themselves? Eqwest is here when you need us.

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CALL US TODAY. WE’LL ANSWER THE PHONE.

CLARK COUNTY RENTAL ASSOCIATION

HOMES • PLEXES • MULTI-FAMILY CONDOMINIUMS AND ASSOCIATIONS PERSONAL & CUSTOM SERVICES • COMPETITIVE RATES

3 6 0 . 8 9 6 . 5 8 8 5 • V I S I T U S O N L I N E AT: E Q W E S T L L C . C O M

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IRS Q&A

Depreciation & Recapture Question: We have incurred costs for substantial work on our residential rental property. We replaced the roof with all new materials, replaced all the gutters, replaced all the windows and doors, replaced the furnace, and painted the property’s exteriors. What are the IRS rules concerning depreciation?

Answer: Replacements of the entire roof and all the gutters, and all windows and doors of your residential rental property: Are generally restorations to your building property because they are replacements of major components or substantial structural parts of the building structure. As a result, these replacements are capital improvements to the residential rental property. • Are in the same class of property as the residential rental property to which they are attached. • Are generally depreciated over a recovery period of 27.5 years using the straight line method of depreciation and a mid-month convention as residential rental property. Repainting the exterior of your residential rental property: • By itself, the cost of painting the exterior of a building is generally a currently deductible repair expense because merely painting is not an improvement under the capitalization rules. • However, if the painting directly benefits or is incurred as part of a larger project that is a capital improvement to the building structure, then the cost of the painting is considered part of the capital improvement and is subject to capitalization. • In this case, the painting is incurred as part of the overall restoration of the building structure. Therefore, the repainting costs are part of the capital 8

JANUARY 2016

improvements and should be capitalized and depreciated as the same class of property that was restored, as discussed above. Replacement of the furnace in your residential rental property: • Is generally a restoration to your building property because it is for the replacement of a major component or substantial structural part of the building’s HVAC system. Therefore, the furnace replacement is a capital improvement to your residential rental property. • As with the restoration costs discussed above, these costs are in the same class of property as the residential rental property to which the furnace is attached. • Is generally depreciated over a recovery period of 27.5 years using the straight line method of depreciation and a mid-month convention as residential rental property. Note: A taxpayer whose average annual gross receipts is less than or equal to $10,000,000 may elect to not capitalize amounts paid for repairs, maintenance, or improvements of certain eligible building property if the total amounts paid during the taxable year for such activities do not exceed certain dollar limitations. For more information, see Safe Harbor Election for Small Taxpayers in Tangible Property Regulations - Frequently Asked Questions: www.bit.ly/TPRFAQ

Additional Information: • Publication 527, Residential Rental Property (Including Rental of Vacation Homes) www.irs.gov/publications/p527/index.html • Publication 946 (.pdf), How to Depreciate Propertywww.irs.gov/pub/irs-pdf/p946.pdf CLARK COUNTY RENTAL ASSOCIATION


T IP S FOR NE W L A NDL OR D S

Considerations to Make Before You Buy Rental Property by

LISA FRITSCHER

In today’s uncertain investment market, many investors choose to buy rental property rather than gamble on stocks. If you invest in the right property, you can generate a consistent stream of revenue from rental property. However, you must thoroughly understand the market and the time and labor investments that are involved, as well as the hidden costs. Although it is recommended that you consult with a real estate expert before purchasing, this guide will give you an overview of things to consider before you buy rental property.

Do You Have the Right Temperament to Be a Landlord? Managing rental property involves much more than simply sitting back and collecting the checks. You must be comfortable in working with the public, maintaining your cool even under difficult circumstances. A great landlord is aware of everything that goes on at her property yet never appears overbearing or nosy. She is terrific at screening potential tenants, using a combination of intuition and reference checks to weed out potential problems. She knows the law and is willing to proceed with eviction when necessary, but is also diplomatic and excellent at problem resolution. She is calm under pressure, even when an angry tenant wakes her to deal with a water leak at three in the morning. She knows her own skill set and limitations and has the contacts to bring in professional help, whether it be repair workers or property management, when needed. Some landlords choose not to get involved in the

CLARK COUNTY RENTAL ASSOCIATION

daily management of their properties at all. They hire a professional property manager and authorize her to make all of the decisions, from security deposits to major repairs. Others maintain general oversight and executive decision making powers, but allow a property manager to carry out most of the daily duties. Some are great at property management but have no handyman skills, so they hire someone to look after the repairs and between-tenant turnarounds. Your options are limitless, but this sort of help does not come cheap. As a small landlord just starting out, budget constraints may force you to do all or most of the work yourself.

Do You Have the Money to Buy Rental Property? Owning rental property can be expensive, with especially high startup costs. Trying to buy rental property is generally more expensive than buying a home in which you will live. This is because investors are considered a bigger risk, more likely to simply walk away from the mortgage. If you will live in one part of the property, however, you can generally get a traditional homebuyer loan, even if you plan to rent out the rest of the building. You will also qualify for a larger loan because 75% of your projected rental income will be added to your personal income for qualification purposes. Your expenses do not end with your mortgage payments. In addition to the taxes and insurance that every property owner must pay, you may need to buy additional insurances on

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rental property. Talk to a real estate lawyer to determine if these additional premiums apply to you. You will also need to include the cost of upkeep. In your own home, you may choose to ignore a minor problem, such as a dripping faucet or damaged light fixture. However, you are responsible for making repairs promptly in a rental unit. Again, consult a real estate lawyer to determine the specifics. Not only do you need to maintain the property in safe and livable condition, you will need to keep it attractive to potential tenants. Groundskeeping, exterior painting and the like can be expensive but are necessary to maintaining your income stream. Expect the unexpected expenses to ensure that you have the cash to cover them. Eviction can be quite expensive, but is sometimes necessary. Major damage is sometimes caused by tenants, either intentionally or unintentionally. You will need to cover these expenses up-front, even if you can later sue to recoup the money. Some, but not all, of these expenses may be covered by your insurance, but it is best not to assume that insurance will pay for any specific situation. Also consider how you will manage when one or more units are unoccupied for a period of time. The rental market fluctuates wildly, so a building that is fully occupied one year may have numerous vacancies the next. Ensure that you will have the money to cover those times.

Find a Suitable Property If you feel that you are ready to buy rental property, you will need to find an appropriate building. Work with an established real estate agent who is familiar with investment properties. Determine the type of building that you would like and the location that you feel is best. Check out a potential property thoroughly. Have the building inspected. Find out how much rent each unit could be expected to generate. Find the rental records for the past five or ten years to determine how often there are vacancies. If there are current tenants, determine their lease agreements including length of lease and rent paid. Have your real estate agent help you determine a fair offer on any property. It is crucial that you avoid overpaying up-front, as you are very unlikely to recoup that money later on. Depending on the

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market, any several different formulas can be used to determine a reasonable offer. Remain unemotional and willing to walk away from the deal if necessary. Hire an attorney to take you through the closing process. You may be able to work out an arrangement for some or all the closing costs to be paid by the previous owner, or develop other favorable terms, but it generally takes an attorney’s expertise to make these things happen.

Set Rent The best way to set a reasonable rent price in your building is to do your own market research. Talk to rental agents to get an idea of the cost that similar units are renting for nearby. Physically visit other units to determine the similarities and differences between those units and your own. You should have a good idea of how much you should charge before you buy rental property, but this is the time to finalize your numbers.

Hire Professionals & Interview Tenants At this point, you are ready to hire any professionals you may require, such as a property manager or handyman. You are also ready to interview prospective tenants. A credit check can help to screen out undesirable tenants, although many successful long-term landlords still rely on intuition and conduct business mostly on a handshake. As long as you are financially secure, you can put in the time that it takes to find tenants with whom you feel comfortable. You will not feel confident right away, but with time and experience you will find yourself more comfortable in your new role as landlord. Trust your instincts and rely on professional help when needed. Whether to buy rental property is a complex decision that should not be made lightly. As a new landlord, you should not expect to make large amounts of profit. For the first year or so, being a landlord will primarily be a labor of love, providing a small supplementary income but not making you rich. If you are a wise investor and learn quickly, however, over time rental property can prove to be a reasonable source of revenue. Article Source: http://www.lifescript.com/

CLARK COUNTY RENTAL ASSOCIATION


Fire Safety Tip for or Mul M ti-Family Housing Issue: Fire Escape Drills...Practice You o r Plan Fire Prevention Partners of Clark County

On the average, a home fire in the U.S. breaks out every 52 seconds. Unfortunately, many families are not prepared to take calm, appropriate action if a fire does strike in their home. That's why it is necessary for everyone to design and practice a

City of Vancouver Fire 0DUVKDO路V2IILFH 7110 NE 63rd St. Vancouver, WA 98661 (360)487-7260 www.vanfire.org

fire escape plan with their family. Making a plan and holding

Clark County Fire Marshal's Office 505 NW 179th St. Ridgefield, WA 98642 (360)397-2186 firemar@clark.wa.gov www.co.clark.wa.us/commdev/ firemarshal/indexN.html

1. Sketch a layout of each floor including windows, doors, stairways and locations of smoke alarms. Go

Clark County Fire District 6 8800 NE Hazel Dell Av. Vancouver, WA 98665 (360)576-1195 www.ccfd6.org

4. Simulate crawling low under smoke. The air near the floor will be safer to breathe in a fire.

Clark County Fire & Rescue 911 N 65th Avenue Ridgefield, WA 98642 (360)887-4609 www.clarkfr.org

regular fire drills will give each household member the confidence and knowledge to act quickly in an emergency. Here are some tips on developing a family escape plan: over the plan with family members and post it in your home as a reminder of all possible exits. 2. Have everyone memorize the emergency phone number of the Fire Department ( 9 -1-1) . 3. Practice different escape routes ( a t least two per room ) and ensure that windows open easily. Fire drills also teach children that they must escape, not hide from fire.

5. Place one family member in charge of helping the elderly or the very young to escape. 6. Agree on a meeting place outside the home and instruct everyone to go there in case of fire. Discuss why you shouldn't go back inside once you're out. ( P e ople have died returning to a burning buildi ng ) . 7. Determine a meeting place : safe distance from the home for emergencies concern-

Camas Fire Prevention Offices 616 N.E. 4th Avenue, Suite 3 Camas, WA 98607 (360)834-6191 www.ci.camas.wa.us/fire/ Washougal Fire Department 1400 A street Washougal, WA 98671 (360)835-2211 www.washougal.biz/cow/fire/

ing the apartment building. safe distance from the neighborhood for larger emergencies where it is not safe to stay in the neighborhood. 8. Have an out of area contact for friends and relatives to call in the event of a large disaster. 9. Practice the escape plan with all members of the house -hold twice a year. Test your smoke alarms at the same time to ensure that they function properly. 10. Be fully prepared for a real fire: when a smoke alarm sounds, get out immediately. Once you're out, stay out! Under no circumstances should you ever go back into a burning building.

Don't wait for smoke and fire to surprise you!

CLARK COUNTY RENTAL ASSOCIATION

JANUARY 2016

11


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…iVŽÊœÕÌÊÜÜܰë>ÀŽÞ°œÀ}ÊvœÀÊvˆÀiÊÃ>viÌÞÊ}>“iÃÊ>˜`Ê>V̈ۈ̈ið -«>ÀŽÞÁʈÃÊ>ÊÌÀ>`i“>ÀŽÊœvÊ *°

ÀœÜ˜‡Õ«Ã\Ê …ˆ`Ài˜Ê`œ˜½ÌÊ>Ü>ÞÃÊ>Ü>ŽiÊ܅i˜Ê̅iÊӜŽiÊ>>À“ÊÜ՘`ðʘœÜÊ܅>ÌÊޜÕÀÊV…ˆ`Ê܈Ê`œÊLivœÀiÊ>ÊvˆÀiʜVVÕÀÃ°Ê iÌʓœÀiʈ˜vœÀ“>̈œ˜Êœ˜ÊӜŽiÊ>>À“ÃÊ>˜`ÊiÃV>«iÊ«>˜˜ˆ˜}Ê>ÌÊÜÜÜ°˜v«>°œÀ}Év>VÌÅiiÌð

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CLARK COUNTY RENTAL ASSOCIATION


WHAT YOU NEED TO KNOW

BEFORE GETTING A COMMERCIAL LOAN by PAUL

ESAJIAN

The longer you have been in the real estate business, the more opportunities that will present themselves. You may never know what the next deal will bring, but you had better hope you are ready to take it on. It doesn’t hurt to be able to work outside of your niche at times, especially when a great deal comes along. Just make sure you are comfortable making the transition. Taking the leap from a single-family property to a multifamily is an experience in and of itself. However, going from a multifamily to a commercial property is like night and day. A commercial property, for those of you who may not already know, is anything with more than four units. This could be any property from a four-family mixed use to a large twenty unit apartment building. In addition to the obvious differences with property management and budgeting, the loan application process is completely different. If you are considering a commercial loan purchase, there are a few questions you need to ask before you get started. Here are the six most important things you need to know before getting a commercial loan:

The higher rate leads to a higher monthly payment, which will cut into cash flow. Before you do anything else ,you need to get a basic idea of the down payment and what terms are offered.

What are the costs of the loan? The cost to obtain a commercial loan is much higher than any other type of loan. For a single-family home, you have an appraisal fee, loan origination and lender fees. On a commercial purchase, the appraisal fee is often three to four times higher. Your $450 fee can quickly turn into $1,200 or more, depending on the exact number of units. The $750 in lender fees can climb as high as one percent of the total loan amount. The time to underwrite the loan is much longer, which is one of the reasons why a commercial lender will charge more. There will also be increased attorney fees, environmental fees and title search charges that must be accounted for. All of this is on top of the property tax escrow, which is typically at least six months. Ask your broker if they can provide you with a good faith estimate.

What are the terms of the loan? The terms for a single-family, owner occupied property and a commercial loan are completely different. For your primary residence, you can get away with putting as little as percent down, and still get a very competitive interest rate. On a commercial loan, you will most likely need anywhere from 25-30 percent down payment. This should be the first question you ask. Most of the down payment amounts are based off of your credit score. Even if you have a sterling score, you will still need a minimum of 25 percent down. There can also be a big difference in the terms of your loan. With a traditional single-family purchase, you will have the option of a thirty year fixed mortgage. On a commercial purchase, you may only be presented with a three, five or seven year adjustable rate option. Additionally, these rates will be much higher than what you see for a primary residence. CLARK COUNTY RENTAL ASSOCIATION

What is the minimum loan amount? Most single-family loans have a minimum loan size of anywhere from $50-75,000. Before you make an offer on a commercial property, you need to know if they have a minimum loan amount. The typical floor is anywhere between $100-150,000. Keep in mind that this is the loan size, and not the purchase price. If the lender requires a 25 percent down payment, the purchase price needs may need to be over $200,000. You also want to see if any property types are restricted by the lender.

Is there a prepayment penalty? One of the issues that buyers had during the housing boom last decade was with prepayment penalties. They would receive short-term, adjustable rate loans, and try to refinance, only to be penalized. This would tack on JANUARY 2016

13


thousands of dollars to the loan and make refinancing almost impossible. Changes to the loan application process make it impossible to close without being aware of a prepayment penalty, but they could still be out there. Commercial loans could offer a prepayment option that decreases every year you own the property. You may have no intention of selling or refinancing, but you need to know if you will have a prepayment penalty.

Do I need reserves? You may think that your 25-30 percent down payment is enough to close. Even if you have a cushion for closing costs, it may not be enough to get approved. Some commercial lenders require that you have six months of the new mortgage payment in the bank for reserve purposes. Not only do you need this money, you may need it for a certain amount of time. Lenders are fairly strict on this. If they require it for six months, four months will not be close enough. You also need to know if they need this money liquid or if you can keep it in an existing account. The cash reserve requirements can make or break the transaction.

How long will it take to close? If you have everything in order, you can close your primary home purchase anywhere from 30 to 45 days.

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For a commercial loan, you can expect to double or triple that time frame. The lender will need to review all of the leases on every unit, in addition to the rent rolls and any other information required. The appraisal process itself can take several weeks. The bottom line is that you will not be able to make an offer and close right away. Commercial properties can be a great source of revenue. How they are underwritten and approved is completely different than your traditional loan products. Before you make an offer, you need to ask questions until you are comfortable with the process. About Paul Esajian: Paul Esajian, Co-Founder of FortuneBuilders and CFO of CT Homes, is one of nation’s premier real estate investors and speakers. His ideas for building a business have been used to develop CT Homes into the premier real estate solutions company in Connecticut and the New England area, which resulted in him and his team being featured on a popular flipping houses reality show. Paul is an experienced project manager who specializes in personnel management and incentive based motivation for his contractors. Although Paul’s expertise is in managing larger rehabs and multi-unit rehabs of over $50,000 dollars, he has also been responsible for the accounting and companies’ financial details since the beginning. Article Source: fortunebuilders.com

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CLARK COUNTY RENTAL ASSOCIATION


SECURITY DEPOSITS ~ vs.~

SURETY BONDS:

The Greatest Thing You Never Heard by

EDWINA DAVIS

Ever considered not charging a security deposit? Probably not. But what if you removed security deposits, as a strategy for securing more prospects for your rental properties, while still having protection against lost rent and property damage? Imagine how you could potentially blow away the competition by doing so. Sound crazy? Landlords in some regions of the U.S. and Canada are increasingly relying on surety bonds in lieu of security deposits. A surety bond or security bond is a guarantee from a third party company that any unpaid rent and or damages to a rental property will be covered, up to a certain amount. Some landlords mistakenly think of surety bonds as insurance, but experts explain that it is not insurance. Surety bonds are purchased by tenants and are non-refundable alternatives to security deposits, which can often be hefty lump sums. At a fraction of the cost of security deposits, which can range from 1-3 times the monthly rent, a security bond provides the same protection (up to the amount of the bond). Surety bonds can cost as little as $87.50 or up to $250 or more depending on the rental amount. However, surety bonds do not release a tenant from responsibility if a default on rent or property damage occurs. Representatives from the largest surety bond company in the US, SureDeposit, say if a tenant defaults on the rent or damages a rental property, the bond company pays the landlord but will then pursue the tenant for the payout amount. Landlords can find many advantages to offering surety bonds as an option: More Prospects – Sometimes great tenants are driven away from properties with large security deposits because

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they simply cannot come up with the lump sum often required to sign the lease agreement. This is especially true of landlords requiring two months or more for security deposit. Landlords who offer security bonds as an option have essentially eliminated the number one excuse tenants often have for not even applying in the first place. Guaranteed Payment – The landlord is guaranteed payment for damages or unpaid rent through the company securing the bond, which may have a higher ceiling than a typical security deposit and can therefore be more likely to cover costs caused by wayward tenants. No Liability – One of the most common reasons tenants take landlords to court is security deposit disputes. Many states require special escrow accounts be set up to hold tenant security deposits, and that unreasonably high interest be paid to the tenant on the deposit. Landlords who give tenants the option of having security bonds rid themselves of this liability. No Accounting – Landlords are not only held liable for holding tenant security deposits in trust accounts, but also for keeping account of what expenses, if any, are taken out at the end of lease term. Landlords are required to return the deposit or provide an accounting of expenses within a specified period (usually 30-45 days) or face penalties of up to three times the amount of the original deposit. Sondra Sutton - Owner/Broker SuttonGroupNW@gmail.com

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Landlords often do not want to deal with this accounting for every penny and rigid time constraints, but know they have to do so because it’s the law. Again, allowing surety bonds is a nice way of alleviating this headache as well. There are a number of reasons why tenants might enjoy the option of a surety bond as well. The most obvious reason is the surety bond costs significantly less than the amount usually required for a security deposit. But the lack of a security deposit also serves as a deterrent for moving out of the rental property: they will likely need to come up with a full security deposit to move into their next property, but will not be receiving any money back from the current landlord. Further, tenants will be less likely to leave in default and cross a large bond company with an in-house collection agency, compared to “Joe Shmoe” landlord with little reach or ability to collect debts.

CIC Credit’s R3 Rapid Reporting is Evolving Landlords Rent Reporting! Landlords Now Can Report Payment History On Renters Credit Reports! CIC Credit’s R3 Rapid Reporting allows Landlords to report payment history along with the open date of the account. The information will be validated and placed on a renters credit report within 15 days! Report on a monthly basis or just one time. Its online and easy!

While security bonds are a viable option to security deposits and can benefit landlords in many ways, it is not for everyone. Surety bonds are not offered in all states or Canadian provinces, and as usual, smart landlords should perform due diligence by researching the companies offering alternatives to security deposits. Some companies only service property managers with 100 units or more, while others will work with private landlords with only a few properties. In some states and provinces, landlords can charge a full or partial security deposit along with the security bond. There is no U.S. state or Canadian province where landlords can force tenants to purchase security bonds as a condition of the rental agreement. Landlords are encouraged to research any local restrictions on security bonds as well. Article source: ezlandlordforms.com

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Look for the Star! If you offer CCRA discounts to CCRA members and/or we do not have your company name marked with a star on our Advertisers Index, please call the editor and let us know so we can inform our members about the special benefits you have to offer.

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JANUARY 2016

CLARK COUNTY RENTAL ASSOCIATION


How to Reduce Your Financial “Burn Rate” to Achieve Your Investing Goals by CHRIS

CLOTHIER

Finding success investing in real estate isn’t always as clear cut as it seems: It’s not enough to just have a good property with a good tenant managed by a good company. Portfolio development — the idea that multiple properties all functioning together and doing their little part to build your financial picture — must be part of your plan to reach real financial independence. Along with that plan to build an actual portfolio, you also have to build your financial knowledge. There is nothing wrong with simply being a landlord with a property or two. Real estate investing can be a hobby just as easily as it can be a profession. But there’s only one path to true growth and true opportunity for financial independence through real estate investing. If you want to grow your investments, increase your passive income, and meet your financial goals, you’ve got to dive deep into money management and financial strategies.

What Does It Mean to Grow as an Investor? Define Your Goals - Instead of comparing your success to that of other investors, you have to take your own personal finance goals into consideration. What do you want out of your investors? You aren’t a lesser investor if your idea of success isn’t turning into a real estate mogul. Maybe you’re satisfied with a handful of turnkey properties. That’s fine! What’s important is knowing what you want out of your real estate investments and crafting a plan to achieve those goals. Write them down and define them, both in the shortterm and in the long-term. Allow yourself both the big picture goals and the small, day-to-day, immediately achievable goals. Push Things Forward - Once you have your goals defined, you have to set out to achieve them. That means ensuring that everything you do is moving the needle forward: making bigger deals, improving upon what you have, and taking every opportunity to learn and do things that will push you closer to those financial milestones. CLARK COUNTY RENTAL ASSOCIATION

Look at Your Burn Rate - Financially speaking, your burn rate is one of the most important numbers to consider — not just for investors, but for anyone looking for financial success.

Net vs. Gross There are two types of burn rate: net and gross. Your gross burn rate is simply how much capital you’re spending each month. Your net burn rate is your monthly losses (gross costs subtracted from your income). The percentage of capital you burn through each month is key, and your natural instinct may be to try to reduce your gross burn rate, which in turn reduces net burn rate — especially in the event that your income changes. That, however, isn’t always the case. There are many ways in which you can reduce your burn rate, but you don’t always need to. In fact, trying to do so in the wrong places can actually hurt.

Burn Rate & Opportunity Everything has an opportunity cost, even when you’re looking to reduce spending. When you cut back in areas, you’re losing some other value that isn’t financial. Making personal sacrifices — downsizing, lowering your personal spending budget, choosing to save instead of spend — these are all good ways to reduce your burn rate. However, beware of trying to cut too many corners in your actual investments. It’s very possible to overspend where you don’t have to — needless renovations or even not taking full advantages of certain tax breaks. Skimping on other expenses, like reliable property management or basic property security measures and inspections, can do a lot more harm than good at the end of the day. Don’t cut back where the added value is indispensable to your real estate business.

Burn is Neutral Don’t think of burn as bad. Burn is a fact of life. We all spend and have expenses, and there’s no way around it. What you need to look for is the effectiveness of your burn rate. Are you spending on the right things, or is your expense account getting bloated? How much do you JANUARY 2016

17


have at the end of the month to take your investments further? Make an honest analysis. Identify where you can reasonably cut back if you feel you should — without compromising the quality of your investments.

Passive Income is Different Remember, the burn rate for investors (passive income) is going to be different than for an entrepreneur, owner, or employee. Your passive income generally isn’t your only income. Your average worker has to consider things like W2 income taxes. As real estate investors, you can afford to have a higher investment burn rate, and that’s fine.As long as you are steadily working towards your financial goals and examining your expenses for bloat, you’re doing something right.

You Want to Cut Down on Your Burn Rate? If you really feel like you want to cut down on your burn rate, examine yourself first. The easiest steps are in simply how you choose to live. Are you making extravagant purchases? Settling for nothing but the best? Taking too many expensive vacations or lunches? If you want to banish some burn, start with you. Make some sacrifices and start putting more into your savings instead.

After you’ve make personal cuts, look to your business expenses. Are you paying for things that you really need? Are there alternatives out there? Again, beware of cutting where it counts: a premium property management company is worth it.

So, Remember… • If it’s not working, try something different. • Wait on those big expenses — delay your gratification first. • Don’t cut something if it will hurt your long-term sustainability. • Monitor and graph your burn rate before it becomes a problem. If you’re bothered by your burn rate, we guarantee there’s something you can do about itright now. Little by little, you can reach your burn rate goals and establish the capital you need to make your financial dreams a reality. In 2005, Chris Clothier began working with passive real estate investors and has since helped more than 1,100 investors purchase over 3,400 investment properties in Memphis, Dallas and Houston through the Memphis Invest family of companies.

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For best pricing, ask about our CCRA MEMBER DISCOUNT! 18

JANUARY 2016

CLARK COUNTY RENTAL ASSOCIATION


CCRA Marketplace

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ACCOUNTANTS

(360) 574-0644

JANUARY 2016

19


Advertiser Directory Accounting, CPA

Property Management

Peterson & Associates, P.S.....................19 360-574-0644

Clark County Property Management ..15 360-993-1408 or 360-521-4555 EQWEST LLC ............................................7 360-896-5885 InterWest Properties, Inc. ....................19 503-256-2323 Ken Opp, RPM Services ........................19 360-693-6260 Nancy O Homes, LLC ............................19 360-608-7642

Attorneys Roy D. Pyatt, Attorney ..........................19 360-696-3312 Stephen W. Sullivan, Attorney ............14 360-695-1912 Quinn Posner, Attorney ..................3 360-524-4767

Carpet Cleaning/Dyeing Daisy Fresh Carpet Care ................15 360-253-2516

Collections - Rent Collection Professional Credit Services ............3 360-567-4985

Landscaping/Tree Service

Realtors Ken Opp, RPM Services ........................19 360-693-6260 Mikey’s Houses -Keller Williams ..........19 360-816-6076 Nancy O Homes, LLC ............................19 360-608-7642

Restoration/Remodel R. Putnam Construction Services ..16 360-901-0821 Service Group Construction ..........18 971-570-4476

Roofing Ed’s Economy Roofing ..........................19 360-687-2963 or 360-944-5495

Tenant Screening CIC Credit ......................................16 360-608-0799 Prospective Renter ................................19 Verification Service 360-573-6974 For ad insertion rates and information, call Jackie Maze at: 360.909.3414

All Weather Tree and Landscape ........14 360-718-1225

Business Associates COLLECTIONS - RENT

PROFESSIONAL CREDIT SERVICES ............................................................360.567.4985 ................www.professionalcredit.com/ccra INSURANCE

INSUREQ ....................................................................................................360.418.4434 ........................................www.insureq.com PROPERTY MANAGEMENT

EQWEST, LLC ..............................................................................................360.896.5885 ......................................www.eqwestllc.com INTER-WEST PROPERTIES, INC ..................................................................503.256.2323 ....................................www.inter-west.com SEAL COATING

ABC SEAL COATING & STRIPING ..............................................................360.910.4225 ....................................www.ABCsealsit.com TENANT SCREENING

CIC CREDIT ................................................................................................360.608.0799 ........................................www.ciccredit.com

To advertise online or in next month’s issue, Call Jackie Maze at 360.909.3414 CCRAnews is designed and edited by Gough Creative Group • (360) 607-4693 • director@goughcreative.com The opinions expressed in this newsletter are those of the authors and not necessarily those of the CCRA Board of Directors or newsletter editor. Please direct any questions, editorial submissions or suggestions, advertising rates & specifications, deadlines, etc., to the editor. While the Clark County Rental Association accepts advertising at face value, it cannot endorse the advertiser or otherwise guarantee the quality of the products or services being advertised. Such guarantees,written or implied, are solely the responsibility of the advertiser. The CCRA is not responsible for typographical errors in the Unlawful Detainer listings. These names appear in the public records as defendants in actions filed in Clark County. The filing of an Unlawful Detainer Action means a landlord has filed suit to evict a tenant.The outcome of the suit may be favorable to either party. No inference should be made that because a suit is filed, a tenant is automatically in the wrong.

20

JANUARY 2016

CLARK COUNTY RENTAL ASSOCIATION


board minutes

From the December 1, 2015 meeting of the CCRA Board of Directors

CCRA membership application Mail to: Clark County Rental Association 5620 Gher Road, Suite H • Vancouver, WA 98662-6166

Members present: Pat Schaefer, Jeff Gough, Ron Oliver, Quinn Posner, Jackie Maze, Janine & Lyn Ayers, and Blain & Cheryl Cowley.

Lyn emphasized that with Max’ retirement from the board, we need to find a volunteer to replace him when searching for monthly speakers.

ANNUAL DUES: $120

The meeting was called to order by President Lyn Ayers

Pat shared that the donation to the WROA PAC was only $85 at the November meeting and was hoping for more since it’s the Christmas season.

Mail to: Name and/or Complex: ............................................................................................ Date: ........................

Jeff apologized for the lateness of the newsletter. There was a major problem with the machine that does the binding of the cover. Since we have no control over the actual delivery of the newsletter by the postal carrier, this adds to the late problem. The decision was made to move up the deadline for contributors to get it to the printers a week earlier.

Phone: ........................................................................ Alternate Phone: ..................................................................

The minutes as previously submitted were approved as distributed. Treasurers Report was presented and approved. The budget for 2016 was discussed and the final version will be presented at the January board meeting for approval. Blain led a discussion on increasing the dues for WROA. We have been sending them $35 per member for several years and they have requested chapters increase their contribution to $45 per member per year. The question was asked about how our money is used by WROA. Blain stated that approximately 90% goes to paying our lobbyists and that percentage would continue. Another part of the discussion centered on the negative cash flow experienced the past few years by CCRA and what impact increasing the dues payment would impact the CCRA finances. Pat Schaefer moved that we increase the dues to $45 per year per CCRA member. The motion was seconded and passed. Blain re-stated a concern that due to the recent ordinances implemented by the City and other municipalities there might be a future need for additional legal defense funds. Pat provided a review of the October training seminar co-sponsored by CCRA with the Clark County Health Department. It was well-attended and a few people were turned away indicating the need for landlord training. The presenter included information on the new ordinances recently adopted by the City of Vancouver. A lot of questions were asked of her following the session. The speaker for the January meeting will be Detective Tom Mitchum from the Clark County Sheriff. He will be addressing ways to protect ourselves and our tenants from fraud and identity theft.

He also repeated his desire to have a new version of the website available for the Board to review by the January 5th board meeting. Another item of old business is developing a relationship between CCRA and Habitat for Humanity and their ReStore operation. Blain and Lyn met with the manager of the Vancouver store who was very interested in discussing a path forward that could be mutually beneficial. The board agreed that this could be a way the landlord community could provide significant assistance to renters (owners) who are willing to include their own sweat equity instead of looking for a handout. Under new business, we discussed a survey of our landlords with rentals inside the city limits and how they are responding to the new city ordinances. The decision was made to do an email blast survey to our members. It will ask those who own city properties how they are reacting to these ordinances. This will help us and WROA determine the impact on tenants in the city and how we should move forward. There being no other business, the meeting was adjourned. Janine Ayers (interim minutes-taker)

includes newsletter (Payable initially on a yearly basis). $50 for each additional newsletter mailed to a separate address.

Mailing Address: ........................................................ City/ST: .............................................. ZIP:.......................... E-mail: ........................................................................ Number of Rental Units: .................................................... How did you hear about us? .................................... Applicant's Signature: ........................................................

❒ New Membership ❒ Renewal ❒ Owner ❒ Manager ❒ Both ❒ Association

The Benefits of CCRA Membership Meetings

Seminars

General Membership meetings are held the last Tuesday of every month.

Subjects regarding financial analysis, investments, economics, etc., given by professionals and offered at nominal cost to you.

Monthly Newsletter Our newsletter (mailed around the 15th) includes timely articles of general interest written by authorities in our industry. Published unlawful detainer lists are a helpful screening tool (complete list available back to 10/87).

Industry Subscriptions Members receive a free subscription to the Landlord Times, as well as a free, five month subscription to Mr. Landlord.

Educational Programs Through education and high ethical standards, CCRA is pledged to raise professional standards and increase efficiency of the rental property operations in our county.

JANUARY

2016

This month’s features

Letter from the president ........................................................................1 Tip of the Month........................................................................................2 Events Calendar ........................................................................................2 Member Statistics ....................................................................................3 Unlawful Detainers ..................................................................................4 CCRA Renewal for 2016............................................................................6 LEGISLATIVE DAY: February 3rd, 2016 ....................................................7 IRS Q&A: Depreciation & Recapture ......................................................8 Considerations to Make Before You Buy Rental Property ................9

Fire Safety Tip: Fire Escape Drills ..........................................................11 What you need to know before getting a commercial loan............13 Security Deposits Vs. Surety Bonds......................................................15 How to Reduce Your Financial “Burn Rate”........................................17 CCRA Marketplace ..................................................................................19 Advertiser Directory & Business Associates ......................................20 Member Application ....................................................inside back cover

Rental Forms/Books A new-member packet is given to you when you join. Forms are provided which protect your legal rights and help your business operate smoothly and more efficiently. Landlording/Landlord Tenant Law books available.

Associate Commercial Members Offering you a selection of local services and retail products, sometimes discounted.

Officers and Directors Volunteering their time and talents to be of service to you.

Legislative Representation Your interests are served on vital issues by our State Legislative Lobbyist. The need for representation on laws affecting the rental industry is a constant concern of our Association.

Washington Apartment Association Our State Association is comprised of 13 local rental property groups throughout Washington, united in the goal of preserving free enterprise and protecting owners and managers of rental property.

Tax Deduction Membership dues, and advertising costs can be written off as business expense.

A United Voice: There is strength in UNITY!

Advertiser Discounts Check our Advertisers Index for vendors/service providers who offer discounts to CCRA members.

Member Discount Members interested in joining Club Green Meadows receive a 50% discount on their initiation fee.


Providing Landlord Education, Advocacy and Information since 1981

JANUARY 2016

Clark County Rental Association 5620 Gher Rd., Suite H Vancouver, WA 98662-6166 ADDRESS SERVICE REQUESTED

Member of the: Washington Rental Owners Association 3301 Rucker Avenue, Suite A Everett, WA 98201 (360)705-0113 • w ww.waapt.org lanschapter@wroawaa.com

IRS rules for depreciation page 8

L E G I S L AT I O N C O N TA C T S LEGISLATIVE HOTLINE: Governor Jay Inslee-D Office of the Governor PO Box 40002 Olympia, WA 98504-0002 (360) 902-4111 FAX: (360) 753-4110

S E N AT O R S

1-800-562-6000 (Leave a message for your Legislators)

Terry Kohl, Legislative Coordinator tkohl@comcast.net Mark Gjurasic, Lobbyist mgjurasic@comcast.net

Lynda Wilson - R, 17th District 418 John L. O'Brien Building PO Box 40600 Olympia, WA 98504 (360) 786-7994 wilson.lynda@leg.wa.gov

Ann Rivers-R, 18th District 405 Legislative Building PO Box 40418 Olympia, WA 98504-0418 (360) 786-7634 FAX: (360) 786-1999 rivers.ann@leg.wa.gov

Brandon Vick-R, 18th District 469 John L. O'Brien Building PO Box 40600 Olympia, WA 98504-0600 (360) 786-7850 vick.brandon@leg.wa.gov

Annette Cleveland-D, 49th District 230 John A. Cherberg Building PO Box 40449 Olympia, WA 98504-0449 (360) 786-7696 cleveland.annette@leg.wa.gov

7703 NE 72nd Ave., Vancouver Networking at 6:00 - Dinner at 6:30

Reservations required for dinner or coffee by 5:00pm on Friday, Jan. 22nd Leave your reservation and a contact number on the CCRA voice messaging system:

Reducing your financial burn rate page 17

GUEST SPEAKER:

Detective TOM MITCHUM Clark County Sheriff’s Office

360-693-2272 Members will also be called from our new automated phone reservation system prior to reservation deadline.

R E P R E S E N TAT I V E S

Don Benton-R, 17th District 409 Legislative Bldg. PO Box 40417 Olympia,WA 98504-0417 (360) 786-7632 FAX: (360) 786-1999 benton.don@leg.wa.gov

CCRA’s January meeting will be Tuesday, Jan. 26th at Club Green Meadows

commercial loans page 13

Paul Harris-R, 17th District 403 John L. O'Brien Building PO Box 40600 Olympia, WA 98504-0600 (360) 786-7976 harris.paul@leg.wa.gov Liz Pike-R, 18th District 122B Legislative Building PO Box 40600 Olympia, WA 98504-0600 (360) 786-7812 pike.liz@leg wa.gov

Dinner will be a buffet: Chef’s choice of 2 entrees, plus salad bar, vegetables and dessert, coffee or tea. WITH RESERVATION:

$25 - Dinner $10 - Coffee/Tea WITHOUT RESERVATION: (If dinner is still available)

$28 - Dinner $10 - Coffee/Tea

MEETING TOPIC:

IDENTITY THEFT & FRAUD PROTECTION

Price includes gratuity.

CASH OR CHECK ONLY Sharon Wylie-D, 49th District 310 John L. O'Brien Building PO Box 40600 Olympia, WA 98504 (360) 786-7924 wylie.sharon@leg.wa.gov

Jim Moeller-D, 49th District 429B Legislative Building PO Box 40600 Olympia, WA 98504 (360) 786-7872 moeller.jim@leg.wa.gov

NO CHILDREN OR PETS PLEASE

Congratulations to RON ANDERSON Winner of the November drawing for a free dinner at this month’s meeting.

CCRAWA.ORG PASSWORD: 2015ccra Gain access to the password-protected Forms and Newsletter Archive areas on our site. This password is valid thru Feb. 2016

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January 2016 CCRA news  

The official newsletter of the Clark County Rental Association

January 2016 CCRA news  

The official newsletter of the Clark County Rental Association

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