here’s why
https://www.american-apartment-owners-association.org/property-management/latest-news/40-percent-of-seattle-landlords-are-selling-due-to-new-rental-rules/
Seattle landlords don’t find the new rental rules to be worth it. Those rules include expanded source-of-income protections, a ban on using criminal records as a determining factor, restricting the size of security deposits, and the First-in-Time law, which forces landlords to take the first renter that applies and meets the criteria
It’s a SAD DAY for Seattle and the United States.
Note, if you do master leasing in Seattle, you are bound by these new rules too.
Make sure you stay up to date on the rental rules and regulations where ever you live.