Property Management Blog

Myths About Rental Property Pricing in Tacoma, Washington

The past couple of years have been difficult, but there was one silver lining: Americans got a 20% raise -- according to a CBS News report. Sadly, there won't be any hors d'oeuvres or champagne to celebrate. During that same period, rent increased about 30%.All things con...

Legal and Optional Tenant Maintenance Responsibilities in Tacoma, Washington

Tacoma has one of the most dynamic real estate markets in the country. That is great news for investors, but it also means stiff competition. For this reason, landlords must put their best foot forward.This includes regular property repairs and improvements, which can help retain...

How Section 8 Decides if Your Rent Is Reasonable in Tacoma, WA

With over 9 million Americans qualifying for Section 8, it's becoming more usual to see landlords leverage this kind of rent assistance for their benefit. However, several factors may impact whether you can accept these housing vouchers. For example, are you struggling to und...

How Landlord Rescue Services Benefit Tacoma Property Owners

Data from ATTOM shows that the median house price in Washington reached $600,000 in May 2024. If you want to take advantage of the growing housing market, you should make sure you're prepared.Property investors can make a good income with the right strategies, but it's ea...

How Tacoma Property Managers Optimize Owner Disbursements Efficiently

You're a Tacoma property owner, and your rental portfolio is expanding. Managing the financial side of your investments becomes increasingly complex, and ensuring that owner disbursements-those crucial payments from rental income-are handled smoothly is top of mind.The good n...

Tacoma WA Property Managers: Tax Statements &1099s Explained

From 2024, third-party payment providers must declare any income paid to their clients if it exceeds $5,000. This threshold will decrease as the IRS implements its new taxation policies for these payments.As a property manager, you're likely to act as an intermediary between ...

Why Our Real Estate Agent Referral Program Is the Best?

Real estate referrals play an integral role in any agent's business. According to Styldod, around 82% of real estate transactions start with a referral. Word of mouth and connecting with contacts are great ways to drum up new business.PMI South Sound has a real estate ag...

How to Create Long-Term Stability for Your Property Management Company

It's wonderful that Tacoma was ranked within the top ten US cities for renters.Achieving long-term stability in the property management industry is always the goal. In Tacoma, Washington, creating a foundation for lasting success calls for painstaking planning, strategic exec...

Credit Checks and Other Useful Tools for Landlords in Tacoma, Washington to Screen a Tenant

Over 70% of Americans have good to excellent credit scores.Those are the credit scores you want your prospective tenants to have. After all, they indicate that consumers pay their financial dues on time and, therefore, have the money to do so. In many cases, that applies to their...

Real Estate Asset Management Best Practices That Put Money in Your Pocket

Did you know you could make $97,000 annually as a landlord (the national average)? If you're making less, it's time to evaluate your asset management strategies. Otherwise, you could miss the chance to maximize your earning potential.Read on for our real estate asset mana...