This option is for the owner who is ready to maximize profits on their properties through the short-term rental industry. This option is similar to Arbitrage Service with a few exceptions (explained below). There IS NOT A LEASE. Instead, you will sign a short-term rental/vacation rental agreement.
Your earnings are typically greater with short term renting (vacation rental), then long term renting. If you are curious to see what your property could make each month, ask us and we will be happy to run the numbers for you!
20% of the total revenue earned through the vacation rental site at the end of each month. You will receive your earnings via bank deposit made by AIRBNB, minus, Edge’s fees for management & cleaning.
We are currently a HOST on AIRBNB and would be happy to share our profile with you. Although a property management permit is not needed for this option, we believe by having a license in property management, it only benefits the homeowner because we can provide you with the assurance that your property will be professionally managed just as if it were one of our own.
Yes. We are very experienced in taking on the management of a property with a current tenant in place. We often take over management in situations where a tenant may be delinquent in rent or the owners are having difficulty managing a current tenant. When this happens, we perform a full lease audit and work with the tenant to ensure that they either conform to the terms of the lease and bring their rent current, or when necessary, vacate the property.
We manage both. We have furnished units in Seattle and Tacoma currently. If you are interested in our management services for Short or Mid-term rentals, please request more information from us.
There are multiple laws governing rental real estate including federal and state fair housing, habitability laws, tenant rights laws, applicant screening, rent-ready standards, and more. We ensure your property, and the management experience is fully compliant with ALL rules, regulations, and laws.
We use a dynamic pricing structure. We will review your portfolio and put together a pricing structure for you to review. Our starting management fee is 10% of 1 month’s rent, per unit and will adjust this rate depending on the size of portfolio you have.
No. We believe we should only be paid if you get paid. So our management fee is a percentage of the actual rent we Collect. If we do not collect any rent, or if the property is vacant, you don’t pay us anything.
When a property is vacant our goal is to obtain a highly qualified resident as quickly as possible. We provide a competitive rental price analysis which combines market data with our professional knowledge of current market conditions to give you the most competitive and accurate pricing. As vacancy and turnover cost is one of the most significant expenses a landlord will incur, we minimize vacancy time through competitive rental rate pricing, while ensuring overall income is maximized.
Properties that show well and are priced appropriately should rent in 30 days or less. We will give you price recommendations as well as weekly activity feedback to ensure we minimize any vacancy time.
In depth tenant screening is the foundation of a good property management experience. Our in-house screening process utilities technology plus good old fashioned ‘landlords’ references’ to ensure we place high quality tenants in our properties. We comply with all federal and state laws governing applicant screening.
You can trust us to minimize the risk of placing a poor quality tenant. We know exactly what to look for in a high quality tenant-resident. We comply with all fair housing rules and regulations as well as Washington applicant screening laws.
Although you do NOT have to accept pets in your rental, over 60% of Washington tenants come with pets. That means that if you choose NOT to accept pets, you are reducing your prospective inquires by 60%. We do recommend our owner-clients allow pets. That being said we cap it at a maximum of two animals.
Washington state law includes ‘source of income’ as a protected status. This means landlords may not discriminate based on where tenants receive their income (including government subsidized programs).
We use a state approved Rental Housing of Washington Term Lease that has been designed to be fair and provide maximum legal protection to all parties. We also include required Washington State Addendums with each lease.
Our owner-clients have a secure on-line portal which gives 24/7 access to financial reporting.
Our online system deposits your rent via ACH once it is received by the tenants. You can expect to see it hit your account 3-5 business days after the tenant pays rent. If your tenant pays via check, you will receive the money within 1 week of us receiving the check at our offices.
We will handle all repair requests (even the middle of the night emergencies) and we use per-screened, high quality vendors.
The owner holds the security deposit in a designated trust account. The location of the deposit (Bank Name and Name on Account) is required to be disclosed to the tenant on the lease.
When a tenant moves out we will do a property check-out and we will complete the security deposit return process. We will withhold any funds from the tenant’s security deposit that are legally due and allowable. Washington state law is very clear on what things may NOT be charged to a tenant’s security deposit and all security deposit returns are completed to comply with state law.
While a property is vacant, you are welcome to do whatever make-ready work you would like to do on your property. When a tenant is living in the property, we do need to screen who is accessing the property for the protection of the tenant-residents. Therefore we will use our pre-screened and pre-approved vendors. If you have a favorite vendor please give us their contact information – we are always looking to add new high quality vendors to our group!
We are a relationship based property management business and we work with owner-clients who are looking for a full-service experience and believe in providing well maintained properties. We reject the idea of a landlord vs tenant mentality. Instead, we believe that when property management is performed with integrity, both the resident and the landlord benefit.
Yes. We offer sales services, and we can help you buy another rental or sell your current property when the time if right.
