How Much Is It to Hire A Property Manager For My Apartment Community?
Managing your own investment properties isn’t always the most efficient choice. Maintaining your investment apartment community with a property...
2 min read
Jan Wieder : Oct 1, 2020 12:35:00 PM
As a landlord in Seattle, one of your top goals is likely to maximize your occupancy rates. After all, your real estate investments aren’t worthwhile if they sit empty.
However, you don’t want to rush the tenant acquisition process to the point that you are sacrificing the quality of your renters. In Washington state, it can be difficult to evict troublesome tenants, and legislation related to COVID-19 has placed further restrictions on evictions.
The people you choose as tenants will impact whether your investment properties in Seattle are well-maintained over the years or treated poorly. Therefore, when vetting prospective tenants, it’s important you think of them as business partners and put a greater emphasis on tenant screening.
Every landlord is required by law to develop rental criteria and distribute said criteria to applicants. This is a printed document that identifies what your requirements are for leasing to new tenants, and should include:
In addition to speaking with each applicant individually, you should also ask them for a couple professional and personal references, such as past landlords, employers, and friends or housemates. Here are a few questions to consider depending on whom you’re speaking to:
Tenant screening is vital, but keep in mind that different municipalities in Washington State have different rules on what you can and can’t screen for. Additionally, current events and legislation can affect the tenant acquisition and eviction process temporarily or long-term. As a busy landlord, it may be difficult to stay on top of these evolutions, as well as ensuring you vet each applicant thoroughly. That’s where Powell Property Management can be of assistance. We serve neighborhoods from Seattle to Federal Way and Auburn and already have established screening procedures to help you find the best tenants for your investment properties.
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