Property Management Resources Blog

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Proactive Maintenance: 6 Things Every Landlord Should Do

Whether you own individual homes or an apartment building, real estate is an excellent investment. However, one of the biggest expenses to any property is maintenance. If you wait for something to become a noticeable problem before attending to it, you'll run the risk of both alienating your tenants and having to pay extra to repair bigger problems. The best way to prevent this from happening is to practice proactive maintenance. Here are a few landlord tips and tricks you’ll want to follow for all of your proactive maintenance needs.

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Topics: seattle rental house, Real Estate Investing 101, Tips for Landlords

How Much Should I Charge for Rent? Seattle Area Rental Rates

Rental rates affect both tenants and landlords, which is why it’s important to choose your rate carefully. Overcharging for rent could leave you with a vacant property that is difficult to rent out, while undercharging could stick you with extra expenses despite having paying tenants. Correctly determining how much you should charge for rent will help you avoid these problems.

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Topics: Insider, seattle rental house, Real Estate Investing 101

Average Property Management Fees in Washington: Residential & Commercial

The further you dip your toes into the world of rental property the more you'll discover just how much work it takes. With just one rental home, it is likely you performed much of the upkeep, tenant screening, and other basic services yourself.

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Topics: seattle rental house, Real Estate Investing 101, Tips for Landlords

How To Keep Good Tenants Happy

Rental properties make excellent additions to any investment portfolio. A quality tenant is worth their weight in gold as they will respect the property, abide by the rules, and pay their rent on time. However, finding the best tenants isn't a one-way street. If a tenant is not treated with respect or taken care of, they will leave and find another landlord who understands the importance of excellent renters and keeping them happy. But how exactly can you keep a tenant happy, or even attract them to your rental property? Here are ways to avoid the dreaded housing turnover and find the ideal tenant.

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Topics: seattle rental house, Real Estate Investing 101, Tips for Landlords

Top 5 Rental Trends in Seattle for 2021

It's been an interesting year in the Seattle housing market - rental prices have fluctuated while the demand for single-family homes has increased.

However, now that things are getting back to somewhat like normal, conditions may be set to change yet again. Here's a look at the top 5 rental trends in Seattle for 2021.

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Topics: seattle rental house, Real Estate Investing 101, Tips for Landlords

Curb Appeal: 2021 Rental Property Exterior Trends

Long before potential tenants ask for a tour, in this market you need to learn about outside amenities and upgraded features you can install in units to enhance curb appeal. When potential tenants visit a possible new home, they are going to inspect a property not only to see if they want to live there but also how well you keep up your property. At a minimum this is what good tenants do, so be ready for your property to stand out from the rest to attract the ideal resident. Tenants who don't care about the property, what it looks like, or how it's cared for are less likely to appreciate what you offer, and may not treat it with the level of respect you'd like.

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Topics: seattle rental house, Real Estate Investing 101, Tips for Landlords

5 Valuable Landscaping Hacks For Your Rental Property

As a property manager, your time is valuable. You have a lot of things to worry about from drawing in new high-quality tenants to keeping your current tenants happy. One of the most powerful ways you can do both of these things at the same time is to take good care of your property's landscaping. Quality landscaping makes your rental property a nicer place to live. Best of all, good landscaping is a great way to boost curb appeal and that's a win-win for everyone.

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Topics: seattle rental house, Real Estate Investing 101, Tips for Landlords

Pros & Cons of Hiring a Property Management Company

When becoming a landlord, choosing which investment property to purchase may seem like the biggest decision to make. In actuality, the most important decision is who will handle the day-to-day operations of the property as this will determine the overall success of your rental.

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Topics: Insider, seattle rental house, Real Estate Investing 101

Common Fears of Hiring a Property Management Company in Seattle

Being a landlord in Seattle can be a rewarding and profitable venture, but it also comes with several new responsibilities and challenges. For many, partnering with a property management company is an effective way to share these responsibilities and tackle the challenges you may face on a regular basis.

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Topics: Real Estate Investing 101

Renting vs. Selling Your House: The Pros and Cons

If you are planning to purchase a new home in the Seattle area, you have to decide what to do with your existing one. Residential property owners have two primary choices in this situation: renting or selling the house.

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Topics: Real Estate Investing 101

How to Keep Your Apartment Occupancy Rate Under 5% in Burien

It is common knowledge that the key to making a profit off your residential investment properties in Burien is keeping them occupied with long-term tenants who pay rent on a monthly basis.

If high levels of vacancy persist at your apartment complex or multifamily housing, you won’t see a significant return on your investment. Worst-case scenario, you may even struggle with your mortgage payments.

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Topics: Insider, seattle rental house, Real Estate Investing 101, Tips for Landlords

What Are Ideal Vacancy Rates for Investment Properties? | Des Moines

It’s no secret that once you’ve purchased investment properties in Seattle and got them ready for business, you want to see them populated with tenants. Every day or week that your property sits empty is time when you are not making a profit.

There are occasional reasons for wanting or needing to have your properties vacant—such as when you are doing major renovations or cleaning up the space in between tenants. However, in general, landlords in Seattle should strive to implement a variety of strategies to achieve a desirable vacancy rate that directly and positively impacts your long-term return on investment (ROI).

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Topics: Real Estate Investing 101

The Ultimate To-Do List for New Rental Property Owners

You’ve taken a leap and invested in real estate in the Seattle area. The next goal is making a worthwhile profit from your investment by renting out the property.

It sounds simple enough, but there is plenty that must happen behind the scenes when you’re preparing to take on tenants. As a first-time landlord, it can be helpful to follow a step-by-step checklist to ensure you’re doing what you need to maximize your return on investment, care for your property, and cultivate positive landlord-tenant relationships.

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Topics: Real Estate Investing 101

Is Seattle a Good Place to Invest in Real Estate in 2021?

Thanks to the growing job market and demand for housing between north Tacoma and West Seattle, suburban Seattle cities like Burien, Des Moines and south King County in-general, continue to be profitable places to invest in real estate, especially for rental purposes.

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Topics: Real Estate Investing 101

Must-Have Legal & Rental Agreement Documents for Landlords

Being a landlord in Washington State comes with numerous responsibilities. You want to successfully protect your real estate investment and care for your property while also ensuring a certain standard of safety and quality of life for your tenants.

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Topics: Insider, Real Estate Investing 101, Tips for Landlords

How to Find Off-Market Multifamily Properties in Burien

If you are looking for investment properties in the South Puget Sound area, there are various ways to scour the market place and see what’s available. For example, your real estate broker may have access to the multiple listing service (MLS) that enables them easily browse all the multi-family properties for sale by participating brokers.

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Topics: Insider, Real Estate Investing 101, Tips for Landlords

Is It Better to Invest in Single-Family Properties or Multiplexes?

If you’re interested in becoming a landlord, one of the first decisions to make is what type of investment property you want to own and manage.

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Topics: Real Estate Investing 101

How Much Does it Cost to Hire a Property Manager in Washington?

If you’re considering hiring a property manager to ease the difficulties of being a real estate investor or property owner, one of the first questions you’re asking is probably this: How much does property management cost?

The answer, of course, is not always simple—the average cost of property management services will vary, especially depending on whether your real estate investment is residential or commercial. Most property management companies, however, have set rates that allocate a percentage of your property's monthly rent to utilize their services.

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Topics: Real Estate Investing 101

Do Property Managers Pay for Repairs in Washington?

In Washington state, tenants have the right to a safe and livable habitat when renting a home or an apartment. As a landlord, it falls on you to maintain your properties to that standard and keep the property in good rentable condition.

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Topics: Real Estate Investing 101

Actions Taken During Washington's Eviction Moratorium to Protect Landlords & Tenants

The ongoing COVID-19 pandemic, as well as the associated legislation passed at the state and local level in response, has created an unprecedented situation for landlords and tenants to navigate in 2020.

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Topics: Real Estate Investing 101, Tips for Landlords

How To Determine a Property's ARV (After Repair Value)

Not every potential investment property on the market in the South Puget Sound area is in tip-top shape, and that’s okay. Sometimes you can maximize your profit by choosing a property that will serve your purpose and provide long-term value after it’s undergone a few renovations.

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Topics: Real Estate Investing 101

7 Ways to Reduce Apartment Expenses and Operating Costs in Washington

As the old adage goes, you have to spend money to make money. As the landlord of an apartment complex or other multifamily dwelling in the Seattle area, you know operating costs are unavoidable. 

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Topics: Real Estate Investing 101, Tips for Landlords

Apartment Investing for Dummies: How to Buy and Manage Your Apartment Complex

Apartment complexes have the potential to be valuable investment properties that provide you with a steady income source for many years to come. To achieve that potential, however, it’s crucial to first find the right apartment building for your investment and then take measures to ensure the property is properly managed.

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Topics: Real Estate Investing 101

What Does a Property Manager Do?

If you own a commercial or residential investment property in the South Sound area near Seattle, you may find that managing that property is a little more involved than you’d like. The reality is that while anyone who owns a rental property is technically a landlord, there is a whole lot more involved in being a landlord than mere ownership of the property. And being a great landlord takes a special set of skills, knowledge, and experience—not to mention the time it takes to oversee rentals and complete all the day-to-day tasks that effectively managing a property entails.

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Topics: Real Estate Investing 101

[Real Estate Formulas Cheat Sheet] 12 Math Calculations for Landlords

Managing your real estate investment is like any other type of business enterprise. It involves careful record-keeping, tracking income from your investment, and analyzing which expenses are necessary.

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Topics: Real Estate Investing 101, Tips for Landlords

8 Reasons Why Burien Is the Best Place to Invest In Washington Real Estate

Real estate is often viewed as a solid investment choice. Whether your residential or commercial investment property turns a profit, however, depends substantially on where it’s located and how you manage it.

If you want to invest in Washington real estate, it’s important to make your purchase in an area that possesses desirable traits, such as a thriving economy, healthy real estate market, and welcoming business climate.

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Topics: Real Estate Investing 101

Is Seattle a Good Place to Invest in Real Estate in 2020?

Thanks to property prices leveling off between north Tacoma and West Seattle, alongside a robust and diverse inventory cities like Burien continue to be profitable options in the nation to invest in real estate.

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Topics: Real Estate Investing 101

6 Ways a Property Management Company Can Save You Money

Owning a residential or commercial rental property can be an effective way to make money, but turning a profit on that investment is not as easy or straightforward as it may initially seem. There are numerous moving parts involved in making money from a real-estate investment, and less-experienced property owners often make mistakes that have negative financial repercussions.

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Topics: Real Estate Investing 101

How to Find the Right Property Manager in 2020

These days, most investment property owners understand the need of hiring someone to help them manage their property, handle day-to-day responsibilities, and make their lives easier while turning a healthy profit and saving them money.

Many owners, however, don’t realize the importance of selecting the right property manager or how to go about making this critical decision. Without the right partner by your side, you risk increased vacancies, lost rents, and unhappy tenants.

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Topics: Real Estate Investing 101

Real Estate Investing for Dummies: How to Get Started

Owning rental properties in Seattle or the surrounding suburbs can be an ideal way to make a passive income, but it requires an influx of time, money, and dedication, especially upfront.

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Topics: Real Estate Investing 101

Property Management Tips for the First Time Landlord

When you undertake a new enterprise, you can expect to experience some type of learning curve, no matter how much research and preparation you’ve done ahead of time. Being a first-time landlord is no exception.

If you intend to become a landlord in Seattle, there are certain lessons that can only be taught through experience and the process of trial and error. However, that doesn’t mean you should go into renting properties blindly. With adequate preliminary research, you can shorten the learning curve, be better prepared to handle issues that arise, and avoid the common pitfalls encountered by property managers and individuals who rent out apartments and single-family homes.

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Topics: Real Estate Investing 101

How Much Should I Charge for Rent? Seattle Area Rental Rates

If you are a homeowner or property owner in the Seattle area and you’re thinking about renting out your property, there are a number of factors to consider before moving forward. Some questions swirling in your head might be: Do I really want to rent out my property? How much should I charge for rent? What else do I need to know and do? Let’s break each of these down.

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Topics: Real Estate Investing 101