Manage Like Michael

Manage Like Michael

More Families Renting Rather than Buying

More families than ever are renting instead of buying. Between 2006 and 2016, 1.9 million more families* in the U.S. were renting their home at the time of the census, a 16% increase in just 10 years. In that same 10-year time frame, Seattle saw 40,000 more households with minor children renting, and a decrease […]
Manage Like Michael

Preparing to Rent a Home

Preparing to rent a home: So, you’ve graduated, or you’re moving from your parent’s place for the first time. Here’s what you need to get in shape before you go apartment hunting: Your credit score(s). Use a free credit company to check your credit score. If it’s in the poor range, these sites often have […]
Manage Like Michael

What to Consider When You’re Considering a Micro-Unit

Considering a Micro-Unit? The price of a micro-unit will definitely peak your interest. But, is it a good fit for you? It’s important to consider the pros and cons before you make the move to a micro-unit since they come with a specific set of unique attributes. Let’s dive into the pros and cons and […]
Manage Like Michael

Need a Good Vendor: A Guide

Need a good handyman or Sub-contractor? Use these questions to start your interview with a potential vendor. They will help you protect your investment property, both structurally and financially. Having a vendor list you can trust is crucial for maintaining your investment property while staying within your budget. If you know they’re going to get […]

Manage Like Michael More Families Renting Rather than Buying More families than ever are renting instead of buying. Between 2006 and 2016, 1.9 million more families* in the U.S. were renting their home at the time of the census, a 16% increase in just 10 years. In that same 10-year time frame, Seattle saw 40,000 more households with minor children renting, and a decrease […]

Manage Like Michael Preparing to Rent a Home Preparing to rent a home: So, you’ve graduated, or you’re moving from your parent’s place for the first time. Here’s what you need to get in shape before you go apartment hunting: Your credit score(s). Use a free credit company to check your credit score. If it’s in the poor range, these sites often have […]

Manage Like Michael What to Consider When You’re Considering a Micro-Unit Considering a Micro-Unit? The price of a micro-unit will definitely peak your interest. But, is it a good fit for you? It’s important to consider the pros and cons before you make the move to a micro-unit since they come with a specific set of unique attributes. Let’s dive into the pros and cons and […]

Manage Like Michael Need a Good Vendor: A Guide Need a good handyman or Sub-contractor? Use these questions to start your interview with a potential vendor. They will help you protect your investment property, both structurally and financially. Having a vendor list you can trust is crucial for maintaining your investment property while staying within your budget. If you know they’re going to get […]

Manage Like Michael Selecting the Right Property Manager Looking for a Property Manager to manage your investment property? Here are some tips: Carefully selecting the right property manager is one of (if not) THE most important step(s) of owning investment properties. Having the right property manager will impact profitability, risk, and enjoyment of the venture like few other decisions an owner will make. […]

Manage Like Michael Service Animals in Rentals Is it a pet or service animal? There’s a difference! Service animals and Emotional Support Animals (ESAs) are not pets. Tenants who have them are protected by HUD laws. Much like you wouldn’t ask someone what their prescription is for, you can’t ask the tenant what they suffer from that requires an animal. Here’s how […]

Manage Like Michael Rent Prices Have Failed to Keep Up with Surging Property Values Rental prices are not keeping up with home sale values. Taking into consideration the current market and recent property tax increases in our area, it’s not hard to see that these two linked industries depend on each other more than people tend to realize. When Landlords sell, they will sell at a market price. This […]

Manage Like Michael Spring Cleaning for your Rental Property Proactive spring cleaning for your rental property: A quick guide to a spring inspection of your property investment. It’s time to clean out your home for spring. The sun is out later in the evening, and we’re able to assess the damage of winter. But don’t forget about your rental property, because your tenants might […]

Manage Like Michael Three Rookie Mistakes to Avoid Don’t make these rookie mistakes! Avoid a sticky situation with your tenants by following these three rules to property management. Make sure you are following the laws of your location, renting your house out isn’t easy, but don’t make it harder on yourself than it needs to be. Rookie Mistake: Not making tenants formally apply. […]

Manage Like Michael Timing the Rental Market Knowing when to market your property is half the battle. Profitably managing a rental property depends in large part on timing. First off – a landlord’s potentially largest variable expense is vacancy. I say ‘potential’ because the goal is to therefore have a vacancy rate approach zero. This is achievable by pricing a property correctly and […]