Owning a rental property in Seattle can be a lucrative investment. However, many landlords underestimate the cost of managing their rental properties. At the same time, self-managing might seem like a cost-saving decision; hidden expenses, time demands, and legal risks can cost more than expected. Here, we’ll break down the hidden costs of self-managing a…

Investing in real estate, particularly rental properties, is often seen as a pathway to building wealth. However, the success of that investment largely depends on how well the property is managed. Many property owners debate whether to manage their rental properties on their own or hire a professional property management company. While self-managing might seem…

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…

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…

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…

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,…

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…

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,…

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…

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…