How to Have a Stress-Free Holiday as a Landlord
There’s nothing quite like the holidays. You get to see family and old friends, eat incredible food, and reminisce about the good old days. Oftentimes the holidays are also identified with travel. After all, with a week or two away from responsibility, why not book a flight to Europe or take that ski trip you’ve always dreamed of? As a landlord, however, you may find it difficult to escape from day-to-day life and disappear for a week. Maintenance issues and tenant requests are constantly pouring in. Leaving on vacation may only end up causing headaches instead of relaxation as
How to Rent Your Property to Students
College students are widely acknowledged as an unknown risk when it comes to renting property. While some are incredibly respectful and mature, others can be shockingly rowdy, rambunctious, and careless of property. Because of the risks associated with allowing immature students to rent their property, many Seattle owners are hesitant at best to offer leases to college students. On the other hand, college students present a population that is ever in need of housing, and can be an extremely lucrative source of income for many rental properties. By hiring a property management company, Seattle owners can safely consider the possibility
Why Property Owners Should Go Pet-Friendly On Rental Units
As a property owner, have you ever considered making your rental properties pet-friendly? Odds are that the thought has crossed your mind, but you likely dismissed it. Perhaps one or more of the following issues crossed your mind: Too much overhead Potential of damage to property (scratches on doors or floors, urine stains) Additional expenses However, recent studies are showing that property owners that are willing make their properties pet-friendly enjoy a number of notable benefits. With the assistance of a Seattle property management company, property owners can end up increasing their bottom-line profits with just a few simple
Are the Surging Rent Costs for Seattle and Bellevue About to Change?
Any Bellevue or Seattle tenant will tell you that, right now, paying rent is painful. With new leases in King and Snohomish counties averaging $1,300 dollars, tenants are anxious for a change that could reduce their living expenses. Back in 2013, there was an overall increase in lease rates by about 6.5%. Since then, there has been an annual jump in rent rates by an average of 8%. Despite these rising expenses, Seattle and Bellevue tenants aren’t leaving. The vacancy rate in King and Snohomish county combined is only 4.5%. Thankfully, recent housing construction shows signs of hope for
The Economic Uptick and the Best Places to Live In the Seattle Area
Everyone knows that Seattle is the focal point of most Washington activity. With several major companies and employers established in Seattle property, easy access to the downtown area is in high demand. But finding a comfortable and affordable place to live in the Seattle area can be tricky. Luckily, there are a number of wonderful residential homes and apartments located within range of Seattle, but far enough away to avoid the city’s expensive housing costs. 1. Ballard Located northwest of Seattle, Ballard was first settled by fishers and boatbuilders in 1853. While it still retains its rich history and active
7 Reasons to Hire a Real Estate Agent For Your Seattle Property
Working in real estate can be a complex and confusing process, especially for property owners living in Seattle. Ultimately, all a renter or homeowner wants to see are some new tenants on the property and some payments rolling in. But there are a number of major hoops that must be jumped through before the currently vacant house or apartment is filled with new tenants. This is where real estate agents come in. Seattle real estate agents are trained and experienced individuals whose final job description is to help you sell or rent your Seattle property. They accomplish this goal
7 Common Mistakes Seattle Landlords Make Without Property Management
There is plenty of money to be made in Seattle rental property. Many prospective landlords are excited to try their hand at real estate. They anticipate the day when their properties start to make solid returns that enable them to take a luxurious summer vacation by way of their rental property earnings. While being a landlord can be an exciting and even lucrative endeavor, it is certainly not a simple one. The process of preparing, renting, and managing real estate is one that requires significant time, research, and funds. Even though there are a variety of property management companies
9 Easy Tips When Staging Your Home for Sale or Rent
When you’ve got your home out for rent or for sale, your ultimate goal is to have your house and property looking as good as you can get it. Accomplishing this won’t require a full scale remodel. Instead, addressing the minor problems around the property can make all the difference. We want to offer 9 tips to get your home in top shape before staging for sale or rent. Outside Curb appeal is should be one of your biggest initial concerns. You want the outside of your home to spark interest and curiosity in your potential buyers to see
Seattle Property Management FAQ’s
Owning rental property can be confusing, especially if you’re new to the business. If you are considering enlisting the help of a property management company, like ourselves, then you probably have a lot of questions about how we work. Here is a list of some of our most frequently asked questions, along with our answers, to help you understand why and how you can depend on a property management company for your rental property management needs. What type of rental properties do you manage? At North Pacific Property Management, we frequently manage properties such as single family homes, townhouses, condos,
Rental Property Woes a Property Management Company Can Help You Avoid
When considering whether or not you want to become a landlord, there are numerous advantages and disadvantages to consider. Some advantages to owning real estate are the tax advantages, additional monthly income in your pocket, and the potential of your assets to appreciate in value over time. All these areas promise great returns on investment, so long as they are not counteracted by the disadvantages that can come from owning real estate. Let’s take a look at each of the problems individually and consider how a property management company can help you and your real estate avoid harm. 1. Lousy
