ABOUT DEVIN EASTERLIN
Devin is the Principal of SJA property management. He graduated from college with a degree in Philosophy Pre-Law and Business. He attended law school, where he specialized in real estate transactional law. Devin practiced as a real estate attorney before co-founding SJA Property Management. He maintains a real estate broker's license and has worked in the property management industry for over 15 years. He is an active real estate investor focusing on single-family and small multifamily buildings. He currently lives in Woodinville Washington with his wife and two children.
THIS TOPIC IN A NUTSHELL:
[01:20] Devin’s career background
[02:50] Noticeable differences with Washington laws
[04:30] Statewide laws
[05:24] Comparison with rent control laws in OR
[07:20] Rental increases and the effect of inflation
[11:05] Housing supply and property management in Washington
[13:12] Eviction protection in WA
[15:08] Move-in costs and charges
[16:27] Rental agreement updates
[18:22] RUBS implementation
[21:35] Lease terms and agreements
[24:01] Acquisition and inheriting tenants
[26:50] Why cap rate is low in Washington?
[29:26] Sales comparison and Income approach
[33:27] Rent increase cap
[35:19] Partnering up with organizations
[37:45] Market trends and their effect on tenants
[38:50] Benefits of renting a home
[40:00] Rental assistance
[42:56] Dealing with eviction
[44:43] Advice to his 25-year-old self
[46:06] First entrepreneurial endeavor
[47:15] Formal and informal training that shaped his journey
[48:08] Biggest mistake and what did he learn from it?
[49:12] How to reach out to Devin Easterlin
KEYWORD:
Consumer price index (CPI) - Broadly speaking, the CPI measures the price of consumer goods and how they're trending. It's a tool for measuring how the economy as a whole is faring when it comes to inflation or deflation.
KEY QUOTE:
[35:12] It’s important to partner with a property management company to help you or join an organization that helps landlords. They have forums, you can ask questions with an attorney, and they have forms that they keep up to date. As a landlord, you have a lot of things to do and you need to keep up with compliance. The repercussions, if you do it incorrectly, will greatly impact your investment.
[45:14] My advice to my 25-year-old self from a business standpoint is to commit to an area of business and become an expert. Don’t worry that it might not be your passion at this moment, you’ll find things that will spark your interest later on as you become an expert in the business.
SUMMARY OF BUSINESS:
Established in 2009, Sterling Johnston Real Estate has been recognized as the fastest-growing privately held real estate firm in the state of Washington, averaging annual growth of 108%. Our three founders, along with our team of over 100+ professional real estate brokers and staff, value professionalism, service, and integrity. Attorney-owned and operated, our firm acts as an unwavering advocate for our client’s needs and interests. We are industry leaders in the adoption of technology, allowing us to maximize the level of service we provide our clients. We pride ourselves on providing our clients tireless, individualized attention.
ABOUT THE WESTSIDE INVESTORS NETWORK
The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
#investmentproperty #realestate #investment #realestateinvesting #passiveincome #passivewealth #propertyinvestment #investing #realestateinvestor #investments #realestateinvestment
#REinvesting #syndication #acquisitions #brokerrelationships #propertymanagement #brokerage
#financialfreedom #assetundermanagement #consumerpriceindex #inflation #multifamily
#evictionlaws #statewidelaws #supplyanddemand #housingsupply #Washington #Seattle
#inheritingtenants #markettrends #leaseterms #WIN #JointheWINpod #WestsideInvestorsNetwork
CONNECT WITH DEVIN EASTERLIN:
Email: devin@sjapm.com
Website: https://www.sterlingjohnstonre.com/, https://propertymanagersseattle.com/
LinkedIn: https://www.linkedin.com/in/devin-easterlin-13760515/
Instagram: https://www.instagram.com/sterlingjohnstonre/
Facebook: https://www.facebook.com/sterlingjohnstonre
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.u...
