Is now a good time to be a landlord?
We get asked all the time: “Is now a good time to be renting my home out?” The short answer: unequivocally yes! In the 30 years we have lived and rented in the Seattle market there has never been a better time. Here’s why. Vacancy Rate Vacancy rates are at historic lows. We consider anything…
Read MoreHow I Became a Multi-millionaire
I bought my first house in Boise, ID in 1985. It had a mother-in-law unit in the back. I thought “How great is this? My tenant can pay my mortgage (or at lease a big part of it). What could go wrong?” I was young, naive, and trusting. After a rew trash outs and middle-of-the-night…
Read MoreWeb Accessibility Policy
At Full Service Property Management, we seek to understand and respect the unique needs and perspectives of the Company’s customer community. We value every tenant and owner, and are committed to being a leader in expanding access to all, including customers with disabilities. It is thus the Company’s commitment to ensure that our website, mobile…
Read MoreHow to Shop for a Property Manager — a PMs Perspective
I’ve been managing my own real estate portfolio for over 35 years. Over that time I have hired 8-9 property managers. So when we started Full Service Property Management in 2011 (out of a failed property management experience), it came as no surprise that our business model would feature the strengths I had enjoyed and…
Read More‘No Vacancy’ due to Coronavirus
Full Service Property Management hung out a ‘No Vacancy’ sign last week when its portfolio vacancy dipped to a record low of 0%. That’s right — hundreds of properties under management and the only available units are from clients we just signed up. “Typical market vacancy is between 5-10% in a strong market.”, said founder…
Read MoreMarketing rental property — the hero photo
We’ve been having trouble with listings on Zillow lately. So I went online “through the front door” to check on one of our own listings. While I was researching that my eyes fell on the photo below. This is the hero image for a rental property. (Definitely not one of ours!) Now if you are…
Read MoreChoose to Prosper in a time of crisis.
Crises create opportunity. The choice is crucial — choose to prosper in crisis, or choose to perish. We’ll explain how to prosper. Let go of the fear. The natural reaction for 99% of people when a crisis hits is fear. Recognize it for what it is. Fear can be good…as long as you don’t let…
Read MoreTop 10 Things You Need to Know About the Governor’s New Proclamation
Many thanks to Jim Henderson at Landlord Solutions for this quick list. What do you need to know about the Governor’s new proclamation? 1. This applies to residential, commercial and mobile homes.2. Remove any late fees or other charges for non-payment of rent after February 29, 2020.3. Return holding fees to those applicants who are…
Read MoreFSPM Owner Happy Hour – 040320
On April 3rd CEO Peter Nelson hosted the first FSPM Happy Hour. This one was for owners, and was full of both timely, useful, and uplifting information. Topics included: Impacts of COVID-19 on the Seattle rental market and FSPM FSPM response to the virus Owner/Tenant Resources Market forecast for 2020 and beyond Q&A and prizes!…
Read More3 steps to solve COVID-19
There is no doubt the US was slow to realize the impact of this little virus. But the window of opportunity is still open. If drastic measures are not taken very, very soon then we are likely to see this pandemic extend for months to come. There are 3 fundamental steps that need to be…
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