Property Management Resources Blog

The Pacific Northwest is known for some of the best golf courses on the west coast, with gorgeous views, golf courses designed by some of the greats, and clubhouse amenities that feel like a luxury vacation. Live the good life and enjoy the best greens and country clubs the South Seattle area has to offer. Whether you’re an avid golfer, a beginner, or desire to experience the exclusivity of the finest country clubs in the area, we have insight into the four best country clubs you should know about in the Seattle area. 

Whether you are looking to purchase a rental property or find your new home as a renter, understanding the current climate of your local rental market gives you the information you need to make the best moves possible in 2023. 

When evaluating your options for expanding your investment portfolio, purchasing an apartment complex is often suggested as a smart way to diversify your holdings. Whether you’ve got the capital to make the purchase alone or are planning to pool your resources with an investment group, understanding the ins and outs of operating an apartment complex is a prerequisite.

Managing your own investment properties isn’t always the most efficient choice. Maintaining your investment with a property manager’s expertise can boost your bottom line more than expected. A professional property management service enters with established processes, professional connections, and an understanding of your market. Whether you’ve newly purchased a property or are currently operating one, your multi-family complex investment doesn’t have to consume your valuable time or any more of your other valuable resources than necessary.

It’s time to get serious about your investment portfolio. If your current investments are lacking a real-estate component, you are missing serious opportunities for profit. Investment groups and savvy individual investors alike see a solid return on investment when they acquire multi-family investment properties in desirable markets.

Buying an apartment complex can be an exciting and savvy investment. Whether this comprises one element or the lion’s share of your portfolio, sound advice and good management can maximize the return on your investment in multi-family real estate.

Many tenants express concern about mold and air quality when choosing their next apartment. You could deter quality tenants by showing a property with visible mold or by being unprepared to answer their questions about mold on the property or mold removal policy. Further, you could seriously jeopardize your NOI (net operating income) with a recurring maintenance expense if you don’t correctly remediate the mold you find. Capitalize on your investment apartment property by keeping mold at bay.

From heart-breaking dog attacks to staircases that collapsed under tenants, accidents and injuries on a rental property always begin a discussion of liability. Who is responsible if someone gets hurt? We have seen and heard some true horror stories over the years, and we would hate for any landlord or tenant to end up in a contentious legal situation where a little prior knowledge could have stopped the trouble before it started.

Everyone wants the best experience for their children at school. Finding the perfect fit is different for every family. We know our way around the neighborhoods! Powell Property Management has been in business in the area for more than one hundred years, and we delight in matching a client with their perfect new rental home. We understand what a significant part school districts play in the decision process for families, so we’re uniquely positioned to advise families across the area on the subject. 

If you’ve noticed your rental property offers competitive amenities below market price, it is time to raise your rent. Raising the rent is often part of being a good steward of your investment, even if the thought is uncomfortable for some landlords. We’re so glad that you’re doing your research so that you can design your rent increase for optimal results and we’re happy to use our expertise to help.

Your rental property got another ticket from the city you don’t understand. You can’t seem to find and keep quality tenants, though you have plenty of applicants. You’ve paid three plumbers, but no one seems to know what to do about the basement drain. If these expenses are adding up and worrying you, you aren’t alone.

Whether you’re in the market to hire a property manager for the first time, or looking to improve or upgrade your current property management services, focusing on the relationship between the landlord and property management company is wise. Improving the landlord and property manager relationship is likely to lead to increased tenant satisfaction and a harmonious and profitable daily experience for everyone involved.

Real estate is both a valuable asset and a business endeavor. Whether you’re dealing with single-family homes or multiple-unit apartment complexes, careful management is necessary to turn a profit on your investment. Our experience managing apartments spans over 100 years. Much has changed in the landscape of managing American apartments, but our expertise has evolved with the times. 

Local Owners Monte and Diane Powell Working to Achieve Full-Service Vision
for Federal Way Seniors

FEDERAL WAY, Wash. (Nov. 17, 2017) – Powell Property Management, owner and manager of the Village Green Retirement Campus in Federal Way since 1996, has announced plans to break ground on a new memory care facility on the Village Green Retirement Campus in Federal Way. Construction is expected to start in mid-2018 and be completed in 2019.