This option is for homeowners who are interested in the vacation rental model, but don’t want the risk that comes with it. If this is you, you may be interested in our Arbitrage Service.
Let us be your tenant for a minimum of 12 months under a lease in our business name, EDGE PROPERTY MANAGEMENT, LLC. We will do everything from fully furnishing the property, listing it on AIRBNB, cleaning, etc. All while you sit back and collect your guaranteed rent payment each month, regardless of how successful or unsuccessful our business is.
There are so many benefits to a homeowner/investor with this option that many don’t realize. By agreeing to a corporate lease through Arbitrage and allowing your property to be used as a short-term rental actually ends up being less of a risk than if a property is being rented long term. Your property is professionally furnished, cleaned regularly and guests that stay, are typically on vacation and only there for a few days. The best part is none of this is at your expense AND you are getting your rent paid to you each month. If you have a property in a good area that is in excellent condition, you may want to consider this option.
**Please note, this option comes with property requirements in order to be considered. Your property will need to be reviewed prior to my approval for this service. Things like area, size, condition, age of home and appearance are all factors in being considered for Arbitrage
Edge Property Management was formed by the original owners in 2020.
Sara & Dominic Turco, purchased and rebranded the business in 2024 and have hit the ground running since. Sara and Dominic’s goal is to combine ‘old school’ family owned customer service, with up to date technology to give you an unparalleled experience.
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 by email sara@edgepmllc.com.
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. For a copy of our blank lease, please reach out to us at sara@edgepmllc.com
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 exclusively to our owner-client group and we can help you buy another rental or sell your current property when the time if right.
