Property Management Blog

Tacoma WA Property Managers: Tax Statements &1099s Explained

From 2024, third-party payment providers must declare any income paid to their clients if it exceeds $5,000. This threshold will decrease as the IRS implements its new taxation policies for these payments.As a property manager, you're likely to act as an intermediary between ...

Why Our Real Estate Agent Referral Program Is the Best?

Real estate referrals play an integral role in any agent's business. According to Styldod, around 82% of real estate transactions start with a referral. Word of mouth and connecting with contacts are great ways to drum up new business.PMI South Sound has a real estate ag...

How to Create Long-Term Stability for Your Property Management Company

It's wonderful that Tacoma was ranked within the top ten US cities for renters.Achieving long-term stability in the property management industry is always the goal. In Tacoma, Washington, creating a foundation for lasting success calls for painstaking planning, strategic exec...

Credit Checks and Other Useful Tools for Landlords in Tacoma, Washington to Screen a Tenant

Over 70% of Americans have good to excellent credit scores.Those are the credit scores you want your prospective tenants to have. After all, they indicate that consumers pay their financial dues on time and, therefore, have the money to do so. In many cases, that applies to their...

Real Estate Asset Management Best Practices That Put Money in Your Pocket

Did you know you could make $97,000 annually as a landlord (the national average)? If you're making less, it's time to evaluate your asset management strategies. Otherwise, you could miss the chance to maximize your earning potential.Read on for our real estate asset mana...

Rental Management or Tenant Placement - Which Is Better in Tacoma, WA?

In Tacoma, WA landlords earn an average annual income of over $57,000. This is an excellent salary, especially as you can hire property management companies to relieve stress and perform many important landlord duties on your behalf.But should you choose rental management or tena...

A Tacoma Landlord's Guide to Rental Property Accounting

As a landlord in Tacoma, you've just acquired a new property - a quaint craftsman house with a touch of modern flair. While the charm of managing properties in Tacoma is undeniable, there's one aspect that often feels like a puzzle: rental property accounting.Luckily, we ...

3 Services Offered by Full Service Property Management Companies in Tacoma, WA

Imagine having a dedicated team to handle your tenant screening, ensuring you get reliable tenants. Or consider the relief of knowing that rent collection is automated and consistent monthly.For many property owners, tenant relations, maintenance issues, and financial management ...

Evictions in Tacoma, WA: What Landlords Need to Know

Evicting a tenant can be a stressful process for landlords, especially individual investor landlords who make up a significant portion of property owners in the United States. There are as many as 11 million individual investor landlords in the country, many of whom may not be fa...

How to Decrease Vacancy Rate With Creative Rental Leasing Strategies

Empty rental units can be devastating to your business. The longer they stay unoccupied, the more money you lose. But what if you could fill those vacancies with ease?Creative rental leasing strategies can turn the tide and get your units filled fast. This article will explore fi...