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At The Rants Group, Communication is Key to Helping Tenants Navigate 2020
2020 has been a wild ride for nearly every industry, and real estate is no exception. As one of the largest commercial and residential companies in South Puget Sound, The Rants Group has been figuring out ways to support its tenants while adapting to the challenges posed by COVID-19 and reconsidering social justice issues raised by…
The Rants Group Continues to Support Tenants During the COVID-19 Crisis
By Heidi Smith (Thurston Talk) Paying your own mortgage as the COVID-19 crisis unfolds is stressful enough. Imagine managing hundreds of commercial and residential properties whose tenants suddenly lack reliable income streams. If you’re Pat Rants, president and CEO of The Rants Group, the response is to focus on collaboration and problem-solving. “We’re going to…
Community Giving is a Family Tradition at The Rants Group
Early in 2019, Pat Rants got a call from Friends of Pimpollo, a nonprofit organization he and his father Ron have volunteered with for years. Twice annually the group visits Oaxaca, Mexico to support a high poverty part of the local community by building schools and libraries. When they had another project in mind, they…
The Rants Group Helps Clients Navigate New Excise Tax and Landlord-Tenant Laws
Recently a client sat down with The Rants Group President and CEO Pat Rants to discuss selling a property. At the time, the plan was to put it on the market next year. By the time Rants got done explaining recent changes in the tax laws governing real estate, the decision had changed. “They decided to sell…
New Landlord/Tenant Legislation
Starting July 2019, there are three new laws to pay attention to in property management in Washington State: ESHB 1440, HB 1462 & ESSB 5600 ESHB 1440: Landlords must provide 60 days’ written notice of a rent increase. This had previously been 30 days. For more information, please click here: House Bill Report ESHB 1440…
Legislative Report – Taxes
In an effort to balance the budget, the Washington State Legislature submitted multiple bills related to tax increases and changes that would affect real estate. Capital Gains – A capital gain is realized when a capital asset, such as real estate, is sold or exchanged at a price higher than its basis. Basis is an…
3 Key Investment Property Management Tasks For This Summer
Managing investment properties in the Pacific Northwest is like nowhere else on earth. With an average annual rainfall of more than four feet (!!!) here in Olympia each year, property and asset managers need to take full advantage of those dry days. When the rain finally stops in March, I mean April, ok let’s be…
The Rants Group Celebrates 45 Years with New Look and Innovative Project
The Rants Group is celebrating its 45th birthday not with a big blowout bash, but rather with a fresh rebranding and groundbreaking project befitting of its longevity and contribution to the community. The rebranding effort has refreshed the overall look and feel of the company’s logo, marketing materials, signage, website, and more. While sticking with…
Weather
2017 has been a wild and crazy year for weather & natural disasters – forest fires, earthquakes, hurricanes, flooding. With winter approaching, this a good time to review emergency preparedness at your home and office. It is not uncommon to lose power during winter storms – will you be ready? There is a wealth of…
Zoning Versus Designated Use
Many people do not understand that there is a difference between zoning and the designated use of a property. When looking at buying a commercial property, one thing you want to look at is the Property Type listed by the jurisdiction that issues permits for the property. The easiest place to find that is on…