What Queen Anne Property Owners Should Know About Property Management
Property management companies and representatives help owners make the most of their properties. With proper management, property management providers limit the owner’s liabilities and ensure optimum performance from each property. A manager offers rental evaluations to let the owner know what the property can rent for.
They also take care of marketing and showing the properties to reduce vacancy rates and find viable tenants. A property manager screen tenants and often work with relocation companies to rent properties quickly. When the lease is executed, a property management service does move-in inspections, collects security deposits, and holds them in a trust account.
A manager interacts with tenants to enforce the lease, collect rent, and provide emergency services. Owners have peace of mind knowing a property manager is taking care of the real property assets and making the most of them.
FAQs about Property Management in Queen Anne
What are the benefits of hiring a property manager?
Many people feel they can manage real properties on their own. Often they do not realize the time, effort, and knowledge is required to effectively manage properties. People who own multiple properties may spend hours every week taking care of them.
A property manager has the experience and ability to effectively manage one property or many properties. They know the basic laws and requirement associated with Seattle property management. Property managers establish relationships with local vendors to get work done quickly and efficiently.
Plus, they have the skill to handle good tenants and challenging ones. As a result, property owners have more time to enjoy their personal lives and invest in new properties to increase their potential profits.
How does a property manager help owners save time and money?
A property manager takes care of real estate rental issue every day. They know how much repairs should cost and how to help owners save money. Managers take care of small problems before they become large and costly ones. And they collect rent in a timely manner, which means owners get faster access to their money. When a tenant has an emergency, a property manager is there 24/7 to take care of it. Property owners can work and go on vacation knowing a property manager is handling everything in their absence.
What does a property manager know that an owner might not?
Property managers know the proper way to screen tenants and the questions they are permitted to ask. Additionally, property owners recognize the most productive ways to market properties to attract good tenants and get the most money for them.
In Seattle, a tenant friendly set of laws was recently passed. It is known as the Just Cause Eviction Ordinance. A property owner knows the provisions of this ordinance to follow them to the letter. Failure to do so can result in substantial risks and costs for non-compliance.
What is the potential cost of managing your own properties?
Often property owners wonder if it is worth the cost of hiring a property manager. Consider the endless hours that go into marketing properties, maintaining them, screening tenants, handling financial matters, and making emergency repairs. Then factor in the cost of properties that are vacant and how that adds up in just one or two months.
The cost of an improper eviction can be steep. Finally, put a value on your time. Would it be better spent on recreation and researching additional investment opportunities? The cost of a property manager is usually far less that attempting to independently manage properties.
Queen Anne Property Management Resources
|Emerald City Appliance Repair||1200 Westlake Ave N #1006
Seattle, WA 98109
|Rapid Rooter Plumbing||902 2nd Ave N
Seattle, WA 98109
|Reid Signs, Inc.||3916 15th Place W
Seattle, WA 98119
|Craig Blackmon Real Estate Lawyer||92 Lenora Street
Seattle, WA 98121
|Glass Shop||955 10th Ave E
Seattle, WA 98102
|Rainbow of Magnolia Landscaping||3302 W Crockett St
Seattle, WA 98199
|Five Corners Hardware||305 W McGraw Street
Seattle, WA 98119
|Western Exterminator Company||800 5th Ave
Seattle, WA 98104
|Ballard Tree Service||14419 Greenwood Ave N Ste A-330
Seattle, WA 98133
Queen Anne History
Once referred to as Eden Hill, Queen Anne is a steep area that was one of the last to be developed in the Seattle area. While no queen has ever resided in the neighborhood, it is known for having many Queen Anne style houses. And the early cultural elite in Seattle settled here to build their posh mansions.
Queen Anne is located northwest of downtown Seattle. It is nestled on the highest named hill in the city. The maximum elevation of the area is 456 feet. The current population is about 28,000. Because of its elevation, it was one of the last areas in Seattle to be populated.
Lower Queen Anne is near the exciting Seattle Center and downtown. North Queen Anne is a quieter area facing Fremont and the location of Seattle Pacific University. West and East Queen Anne are mostly residential with a shared common business district on Queen Anne Avenue.
The unique topography was carved by the Vashon Glacier over 13,000 years ago. The Duwamish tribe resided in Queen Anne seasonally for centuries. In 1851, the Denny Party settled into the area and claimed 320 acres which are now known as Lower Queen Anne. In 1875, area trees were flattened by a windstorm and made the area more suitable for settlement.
By 1885, Queen Anne style homes were being built throughout the locale. Residential and business development continued with the arrival of the North Pacific Railway, the Seattle, Lake Shore, and Eastern Railway and the Great Seattle Fire in 1889 as well as the opening of three cable car lines in 1902. In 1917, the Lake Washington Ship Canal opened with the Ballard and Fremont Bridges over it.
By the 1940s, television was broadcast in the area. In 1962, the World’s Fair transformed the Queen Anne area and made it a center of activity. By 1967, sports were being played at the Seattle Center Coliseum.
Queen Anne Public Resources
- Seattle Department of Neighborhoods
- Department of Natural Resources and Parks
- Seattle Metropolitan Chamber of Commerce
- King County Department of Permitting and Environmental Review
- King County Code