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.
What makes a good manager? Is it your demeanor, your efficiency, or your skill at finding the right people to do the job? While owning rental property can be a great way to earn income, it's not easy to be a good manager. When you're working in property management, here are all of the jobs that you need to check off your list.
If you were heading out onto the ocean, you'd look at the weather conditions before you sailed. You need to do the same with your property investments. A serious look at Seattle's property market shows that the forecast is for a continued heat wave in the property market, with rental property in high demand.
Rent week is coming. That means that you're already feeling behind. Instead of being happy that the rent is coming, you dread the thought of rent week because for you, it means knocking on doors to track down those checks that didn't come in. Many landlords purchase rental properties because they want a passive income stream, only to discover that this income is anything but passive. Often, being a landlord can feel like you're constantly troubleshooting the next problem. You signed up for a rental investment, and you didn't expect to be dealing with chronically clogged toilets early on a Sunday morning. Is there a way to make it easier to own and manage your rental properties?
You have commercial property to rent. How do you go about finding the right tenants in a timely manner? Finding new tenants for your retail space in Seattle doesn't need to be intimidating, but you do need to understand the ins and outs of commercial rentals. How can you find the audience you need for the promotion of your retail space?
Ouch: it's time for everyone to move again. If you own and manage homes in a college district or if you have several multi-family Seattle rentals, certain times of the year can be difficult because many of your tenants will move. Spring and summer months are considered ideal for moving for several reasons, including the fact that most kids are out of school, and of course, the weather is generally more conducive to moving than other times of the year.
You know that you will have tenant turnover, so what can you do to make this process easier, particularly during crunch time?
Searching for space: it's an unpopular but frequent pastime for businesses. It can be difficult to find the right property just about anywhere, including Seattle, but small businesses need that space nonetheless. Could your unused office space take the pressure off a small business and provide your business with extra income?
Seattle's real estate market is on fire, and if you own rental properties you may have noticed that the Seattle rental market is moving just as quickly. According to the Seattle Times, "the greater Seattle real estate market — already the hottest in the country — somehow keeps picking up even more steam." What is the status of the current rental market, and how will this impact your choices as an owner of Seattle rentals?
It's no secret: Seattle's commercial rental market is booming. This means that if you're in the business of commercial property rentals, Seattle is the place to be. As Seattle's demographics change, there is more and more need for additional property, and that means there's an increased demand for well-organized commercial property owners in the Seattle housing market. Are you the right person to step into the Seattle housing market and become a successful commercial property owner?