Are your tenants sitting with a calculator in hand, trying to determine whether to move out of your Seattle rentals? If so, it's time to figure out how to keep them. If you're an exceptional landlord, tenants are less likely to want to leave. How can you convince them that staying in your current rental is in their best interest?
When you started to invest in rental properties, did you plan to manage many of them yourself? Property maintenance, tenant screening, promotion and advertising, finance -- the list of management duties can be overwhelming. If you're struggling to keep up with all of the details connected to your rental properties, here's what a rental property management company can do to simplify your ownership duties.
If you're considering going on vacation, how do you make that decision? In part, you think about the many wonderful activities that you could do at the vacation spot. Whether you love snorkeling in warm water or hiking in the mountains, shopping at boutique stores or going to wine tastings, there's a vacation for everyone. As you promote your vacation rental, you need to help prospective guests imagine themselves at your rental, so that they can get a feel for the relaxation and enjoyment that waits for them.
Renters have rights. As a rental property owner, you know this, but you also know that individual situations can be tricky to navigate. While you own your property, your tenants are your guests there, and your relationship with your tenants is regulated to ensure that neither one of you takes advantage of or hurts the other. How can you make sure that you respect your renters' rights and ensure that you are following all of the legal guidelines for your area?
Rental property ownership and management can be intense. Whether it's an emergency repair or a tenant who keeps on calling at all hours for minor problems, you may find your stress levels rising. How can you maintain your properties well while managing the stress that comes from rental property management? Here are four tips:
How much should you charge for rent? This is the perennial question for property owners, and it's one that doesn't have an easy answer. You can look at the homes around you, but you really need to know how much your property is worth. Working with local information and local professionals can help you set the best rental rates for your properties.
Rentals properties are a hot market. However, even in a hot rental market, tenants still move on. What can you do to ensure that your rentals stay full and that you avoid temporary or even prolonged vacancies? With proper planning, you can artfully ensure that you don’t need to worry about financial losses from vacant properties.
You manage a real estate portfolio, but that doesn't mean that you want to manage clogged toilets and tenant disputes. Running a REIT (Real Estate Investment Trust) uses rental property management as an investment tool for your investors. However, you don't need to take care of every detail to be successful. A partnership with a rental property management company can help you have more time to consider your investments by providing on the ground assistance with property management. You will enjoy cost savings as well as increased efficiency.
When it comes to property investment, Seattle is a place where the market really couldn't get much better for landlords. There's an avid rental market, with rising rents and keen tenants who will fill vacant properties quickly. Here's why you should invest in the Seattle rental market and how you can get over the worries that are holding you back.