What Seattle Property Owners Should Know About Property Management
Seattle property management will greatly increase the profitability of your property investment. Seattle is a haven for real estate investors and efficient property management can help to create a sense of community among your tenants, higher profitability, and reduction of the time that is required to maintain your property. Seattle property management can be performed by the investors or by a property management company depending on your specific personal and professional needs. The local economy of Seattle offers numerous resources that will allow you to hire contractors for cleaning, maintenance, appliances, interior design, accounting and more. Here’s just a few of the highest rated resources for property management in Seattle.
FAQs about Property Management in Seattle
Why should you hire a company to manage your property when you can do it on your own?
A professional Seattle property management company can help to increase the profitability of your real estate investment. In addition, a property management company will allow you to have more time for your personal life or professional investment interests. With connections to local vendors, a property management company has experience in dealing with ideal and difficult tenants and an understanding of market rents that can greatly increase your returns on your property.
Why should you screen potential tenants?
There are many qualified potential tenants available in Seattle. However, to guarantee the profitability of your investment, you must not only screen potential tenants for their credit histories, but also for their rental histories. If you are not charging applicants for a screenings as a part of the application process, you could be missing on an additional source of revenue.
How should we deal with maintenance requests from tenants?
The best way to resolve maintenance concerns is by hiring an on-site manager to live on your property or by living there yourself. Tenants must have a property manager that they can trust and they should feel secure in notifying the on-site manager about maintenance issues immediately. See the resources below for reliable Seattle companies that you can contact to obtain quotes for repairs.
Can Seattle property management expenses be deducted on your taxes?
We always recommend that you consider hiring a CPA to answer your tax questions regarding your Seattle rental property. However, property management expenses, including visits to your property, repairs and maintenance, may be deductible. If you want to ensure that the advice that you receive is accurate and up-to-date, you should hire a CPA who specializes in real estate. The CPA should be able to provide you with an accurate estimate for your needs, as well as, recommendations on how to best protect your assets and lower your tax bill.
Seattle Property Management Resources
|Albert Lee Appliance||1476 Elliot Ave W
Seattle, WA 98119
|Best Plumbing||4129 Stone Way N
Seattle, WA 98103
|Fast Signs||1515 9th Ave Ste 4
Seattle, WA 98101
|Fischer Plumbing||1115 NW 51st St
Seattle, WA 98107
|Harrison Benis||2101 4th Ave Ste 1900
Seattle, WA 98121
|Herzog Glass||4344 S 104th Pl Bldg A
Seattle, WA 98178
|Neiman Taber||1421 34th Ave Ste 100
Seattle, WA 98122
|KT Building Supply||3614 6th Ave S
Seattle, WA 98134
|Stop Bugging Me
|2930 4th Ave S
Seattle, WA 98134
|Vitalitree||9000 Lake City Way NE
Seattle, WA 98115
City of Seattle History
Seattle is one of the fastest growing cities in the United States. With a population of roughly 3.6 million residents, Seattle is quickly becoming a major gateway for trade with Asia. Prior to the arrival of European settlers, Seattle was inhabited for more than 4,000 years by Native Americans.
Seattle has experienced a series of boom and bust cycles. With an ideal location near natural and mineral resources, Seattle first experienced a boom in the 19th century as a timber town. However, the city suffered a setback when the Great Seattle Fire of 1889 destroyed the city’s central business district. The second boom occurred as a result of the Klondike Gold Rush which lasted until the early part of the 20th century and resulted in the founding of many Seattle companies, including Nordstrom and Eddie Bauer.
This boom was followed by a shipbuilding boom which took place during World War I. Seattle again become a center of prosperity during World War Ii when the city was used build Boeing aircraft. Seattle was the headquarters of Boeing until 2001 when the headquarters moved to Chicago.
In the 1980s and 1990s, Seattle again began to rise, this time as a technology hub, becoming home to companies, such as Amazon.com, RealNetworks, Nintendo of America, VoiceStream (now T-Mobile), and others. The success of the city attracted many new residents, which began the city’s rise as a global city.
Today, Seattle’s economy is a mix of industrial and technology companies. The Port of Seattle is the 8th largest port in the United States in terms of container capacity, making Seattle a major trade hub.
City of Seattle 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