Posts by Jill McCormick
Washington State Joins Lawsuit Alleging Rent Price-Fixing Scheme
Washington State has joined a federal lawsuit against RealPage Inc., a property management software company. The lawsuit, which includes eight states, accuses RealPage of enabling a rent price-fixing scheme that has artificially driven up rental prices across the country. The lawsuit alleges that RealPage’s software has allowed landlords to coordinate rental prices, undermining competition and…
Read MoreTenant Retention Strategies: How Sound Point Keeps Renters Happy
Retaining tenants is vital in maintaining a stable income and minimizing the costs associated with turnover as a landlord. At Sound Point Property Management, we understand the importance of keeping renters happy, which in turn helps property owners maintain consistent rental income. Our approach to tenant retention is rooted in offering comprehensive management services to…
Read MoreMaximizing Your Rental Income: Tips from Seattle’s Property Management Experts
Maximizing rental income is likely at the top of your priorities as a property owner. In the competitive and ever-evolving Seattle real estate market, achieving this goal requires strategic planning, effective management, and a keen understanding of market dynamics. At Sound Point Property Management, we bring experience and expertise to help property owners optimize their…
Read MoreSeattle Rent Report: Rising Costs in 2024
According to a recent article by Lindsey Schober in Seattle Met titled “Rent Growth in Seattle Outpacing Last Year,” Seattle’s rental market is showing signs of growth, outpacing last year’s rates despite an overall cooling in the national market. Data from Apartment List shows that Seattle’s rent grew by 2.2% from January to March 2024,…
Read MoreMaximizing Your Property’s ROI with Sound Point Property Management
Investing in rental properties in Seattle can be highly profitable, but maximizing return on investment (ROI) requires expertise in management, a deep understanding of the market, and strategic handling of property-related issues. Sound Point Property Management brings comprehensive strategies to ensure property owners achieve the best possible returns. Here’s how we help landlords maximize their…
Read MoreThe Benefits of Spring Landscaping for Rental Property Owners
With the arrival of spring, it’s not just the natural world that experiences a renewal. For rental property owners, the spring season marks an excellent opportunity to enhance the curb appeal of their properties through thoughtful landscaping. This strategic enhancement not only elevates the aesthetic appeal of your property but can significantly impact its marketability,…
Read MoreUnderstanding the New Legislation on Rent Increase Caps in Washington
In a significant move by the Washington Legislature, a new bill addressing the escalating rental prices across the state is making its way through the legislative process. Having passed through the House, this proposal awaits a crucial vote in the state Senate. If enacted, it would introduce a cap on annual rent increases, setting a…
Read MoreSetting Your Rental Property Goals for the New Year
As we enter the New Year, it’s an opportune time for landlords and property managers to set clear, achievable goals for their rental properties. Whether you’re looking to improve tenant retention, increase rental income, or plan renovations, setting strategic goals can significantly enhance the performance and value of your rental properties. Here are some tips…
Read MoreThe Benefits of Professional Property Management for Seattle Homeowners
Welcome to Sound Point Property Management in Seattle! In the bustling city of Seattle, where the rain meets technology and nature, owning a rental property can be as exciting as a Seahawks game day. But let’s face it, managing that property can be as tricky as navigating Pike Place Market on a busy Saturday. That’s…
Read MoreInvesting in Seattle Real Estate: Insights from Sound Point Property Management
Seattle’s real estate market continues to evolve, offering unique opportunities and challenges for investors. As we look towards 2024, specific trends are shaping the landscape, making it crucial for investors to stay informed and adapt their strategies. Sound Point Property Management, with its deep roots in the Puget Sound area, provides valuable insights for those…
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