Owner FAQs
Answers to your frequently asked questions
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Are you licensed?
Yes. We are licensed real estate brokers in Washington State and members of the National Association of Residential Property Managers (NARPM). -
Do you have insurance for your property management business?
Yes. -
Have you ever owned rental property?
Yes, we are real estate investors ourselves. We own properties in Washington and around the country. -
What relevant experience did you possess before becoming a property manager?
The owner spent a decade in the military, half of which was spent in Special Operations. This pedigree has been invaluable, as property management is based on following systems, attention to detail, integrity, and staying abreast of current events and trends. -
How long have you been in the property management business?
Since summer of 2023. -
Which types of properties and neighborhoods do you specialize in?
Single-Family Homes and small (2-4 door) Multifamily. -
Do you manage both short-term and long-term rentals?
Only long term, unfurnished rentals. -
Do you work alone or with a team?
We have a team of showing agents, preferred vendors, and staff. -
Are you purely a property manager? Or do you work as a property manager and real estate agent too?
Only property management. We do not buy or sell real estate as our business. -
What do you offer that sets you apart from other companies?
Three things. First, we have a very simple fee structure. Second, we are tailored towards owners who do not want to be bothered by the day-to-day of operating their rental. Third, we have a much higher attention to detail, availability for our owners, and are competitive price-wise. A lot of our owners, military or not, are in the same situation. We know exactly what you're looking for and deliver. -
Are you a franchise?
No. -
Is your management fee a flat rate or percent of rent?
10% of gross monthly rent and a one-time leasing fee each time we place tenants. Please see our pricing for more on this. -
What services are included in the monthly management fee?
Please see our services page. -
Do you charge fees for a vacant unit?
No. Our financial incentives are aligned with yours. We do not get paid if you do not get paid. -
Do you charge a lease renewal fee?
No. Only when placing a tenant, not renewing a lease with an existing tenant. -
How do you collect rents and when will I receive the rent payments from you?
We receive rents via direct deposit and mail. You will receive payment on the 10th of each month via direct deposit to your bank account. -
Do you have a trial period?
You can cancel your agreement with us at any time. We do not have a fee for this either. -
How often will you send me updates about my property? How and when will you communicate various problems?
You will receive a monthly report including the Balance Sheet, Cash Flow, and Income statements. You can access your portal and see all past reports and current financials 24/7. You can also reach out to us and we will respond to your inquiry within 24 hours. -
What do you expect from me as the owner?
We have an entire property owner checklist for you once you onboard with us. This includes ensuring all deferred maintenance, plumbing, paint, and other aspects about the property are addressed. We will help you with this. After preparing the property to rent, our expectation is that you will trust our decisions made on your behalf and heed our advice when it comes to operating your investment. -
What’s your turnaround time on phone calls, texts, and emails received from owners?
24 hour standard. Most often same-day or immediately. -
How long does it take you to approve tenants and have a signed lease?
If we have an approved tenant, we can turn the lease and deposits within a few hours. Typically it takes ~21 days to advertise, source, and place a tenant through the entire process. -
Can you provide me with a copy of your standard lease agreement?
We provide these during our consultations. -
How do you handle the security deposit?
We handle all security deposits. These are placed in their own trust accounts. -
Can you walk me through the eviction process?
The process is typically: a notice to pay or vacate is placed, followed by filing for eviction, a court hearing, a decision, and ultimately eviction of the tenant. This process (depending on local laws and wait times) can take anywhere from 4-6 months in Tacoma and the South Sound. See our evictions page for more information on this. -
Is an eviction part of the cost? Or is it extra?
We manage the entire eviction process. You will pay for any attorneys fees. -
What is your personal definition of “rent-ready”? How long does it take to “turn” a vacant property so it’s rent-ready?
Rent ready = suitable to be occupied immediately. We will schedule any handymen or other services required between tenancies. If only cleaning and pictures are needed, we have turned properties within 24 hours. -
Do you show the home while the current tenant is in the home?
Yes, if it makes sense. -
How quickly do you fill vacancies between tenants?
Our goal is heel-to-toe tenants. This is not always the case, however. Our standard to filling a vacancy is 21 days from listing the home for rent to having a signed lease. -
Do you take photos of the property before and after the move-in and move-out?
Yes. We conduct a thorough inspection of the property before move-in and after move-out. -
Do you offer a tenant placement guarantee?
No. -
What lease lengths do you offer?
We do 12 month leases. -
How often do you inspect the property?
Annually. -
Do you require tenants to have renter’s insurance?
Yes. -
Who keeps the damage deposits?
Any money required to be used from the tenant’s security deposit is allocated by us to all relevant repairs beyond normal wear and tear. All other money is returned to the tenant. -
Is your maintenance in-house or through vendors? Are they licensed and insured?
We use preferred vendors. All maintenance is conducted by professionals who are licensed and insured. This leads to a better product, warranty, and risk mitigation. We will only work with a vendor if they are licensed and insured. -
What is your standard dollar amount threshold for owner involvement in maintenance? Will you send me photos and invoices?
Any maintenance over $300 we will notify you. Any maintenance conducted will be in your monthly report including any required photos and receipts. -
Do you charge a markup or coordination fee on the work vendors complete?
No. -
What is the best way for tenants to reach out regarding an issue? What’s your timeframe?
Via our portal or directly with us. We respond within 24 hours. -
How would you market my property? Can you show me an example of one of your property listings?
We syndicate to over 25+ different websites, including Zillow and Trulia. Feel free to look at our listings page to get a feel for them. -
Will you advertise and show a property while it’s occupied, or do you insist on properties being vacant before you advertise them?
On a case-by-case basis, we will advertise and show your property while tenants are in it. If the property is damaged or if tenants are uncleanly and uncooperative, we will hold off. It depends on the property and the tenants. Of course, it's usually best to have heel-to-toe tenants. -
How do you determine when to raise the rent?
Based on expert market analysis and what local laws allow us. -
Do you perform a market evaluation for every renewal?
Yes. -
Do you put the money directly into my account?
Yes. -
Do I get to see the lease or sign it?
See, yes. Sign, no. -
Do you sell real estate too?
No. -
How and when do I get my checks?
10th of each month. -
How much security deposit do you charge the tenant?
Equal to one month’s rent. -
How soon can you start managing my property?
We prefer a month prior to vacancy in order to sign agreements, schedule pictures, and market appropriately. Typically we need 21 days to rent a property. -
Will you help me decide what needs to be done to prepare my home for rent?
Yes. When you onboard with us, we provide you with a thorough Owner Checklist that encompasses everything you need to make the property ready on your side. -
When is the best time to rent?
May-September is best, as school schedules accommodate people moving. The most difficult time of the year is November-January as this is the western holiday season. -
What do you use for your tenant screening criteria?
We screen with a credit check, income to rent ratio, employment verification, eviction history check, criminal history check, and calls to previous landlords. Our screening criteria will always comply with state and local fair housing laws. -
I’ve got everything I need. What’s next?
Get in touch with us! First steps are getting on a call to review your property and make sure it’s a good fit, followed by signing a Property Management Agreement then making your home rent-ready.