Skip to content

For Owners

We lease and manage properties as we would want our own rental properties to be managed. We are knowledgeable about which amenities attract prospective tenants, and how to maximize your property’s marketability. We are focused on maximizing rents, while also being realistic about the current market. We’re ready to deploy aggressive marketing strategies to rent your property quickly to the right tenants and are conservative with your expenses, while maintaining your property in an exceptional manner.

For more information regarding our services please contact Julie Barber, Director of Business Development, jbarber@avenueoneresidential.com.

Things You Should Know

Why Use a Property Manager?

Expertise in the Market- Our vast knowledge of the current rental market assists in us pricing your property at the appropriate current fair market value.  Negotiations on lease terms are handled based on our extensive experience; we are creative in closing deals. We have a comprehensive lease that is used to protect both parties. 

Understanding of the local and state laws- We are constantly educating ourselves on all of the newly developed laws. 

Problem Solving– Advocating for you, we are very experienced in all problems that can arise and we use our experience and expertise to resolve matters in an amicable and fair manner.
 
Emergency Maintenance- We have great relationships with valued, vetted, and experienced vendors who will go the extra mile for Avenue One clients. 

Accurate Record Keeping- We have many safeguards in place to make sure that you will receive your accurate monthly statement and funds in a timely manner every month.

Financials and Monthly Statements

As a property owner you will have access to all of your statements and invoice copies through your owner portal.  This can be accessed at any time.

We collect rents, pay invoices and prepare statements at the beginning of each month with your funds being sent to you electronically by the 15th of each month.  Your statements will be itemized with the invoice attached for ease of tracking your income and expenses.  This makes the process streamlined when preparing your taxes for the IRS.  Please note that expenses are all tax deductible, including our fees. 

Pets and the Rental Market

When leasing your property in the greater Seattle area, you will likely be faced with many potential tenants who are pet owners.  Currently, about 75% of people searching for a rental property have at least one pet.

We highly encourage property owners to widen their potential pool of tenants by accepting pets.

We have found that tenants who qualify to lease the property per our screening criteria are not only responsible people, but responsible pet owners.

Our policy is to collect a $500 per pet, refundable pet deposit; however, in the City of Seattle it cannot exceed 25% of the rent amount.  This deposit is held, along with the security deposit and is used for any repairs/cleaning due to the pet or the tenants themselves. We also have a pet addendum included in the lease which outlines the responsibilities of the tenant in regards to the pet.  When processing the deposit at the end of a tenants lease, we do not see a pattern of more damage with pets in the properties. 

Allowing pets in your property will increase the number of potential tenants viewing your property, and ultimately will lease more quickly and often at a higher rental rate due to demand.

Legal Compliance

The Landlord Tenant relationship is an ever-evolving affiliation.  Lawmakers are consistently introducing new legislation with their intentions to protect renters and their rights.  Laws and Ordinances in Seattle, surrounding cities, and Washington State are constantly changing.  At Avenue One we take this matter very seriously.  We are always educating ourselves on new legislation and ordinances and we are often involved in working with lawmakers either directly, or through the Rental housing Association of Washington to discuss the issues.  We follow all laws carefully and with total compliance.   When working with Avenue One you know that we are well versed in all legalities that govern the landlord-tenant relationship and will follow this without exception, so that you do not have to educate yourself on these laws. We have a Real Estate Attorney who specializes in Landlord Tenant Law on retainer and at our disposal as needed. 

Maintenance / Inspections

Maintenance inspections are a very important component of effectively protecting your rental property.  We perform quarterly inspections of the exterior and common areas, and annual interior inspections of all properties we manage.  These inspections are very thorough and detailed.  These inspections will sometimes prompt preventative maintenance or the need for repairs that could cause extensive damage if not caught early.  It is our intention to handle maintenance concerns proactively rather than reactively, these inspections aid in that process. 
 
Some cities have adopted a Rental Registration Program, where the city requires that every rental property be registered with the city, and random interior inspections are completed by certified inspectors.  There are fees for both the registration and inspection that are covered by the owner of the property.  At Avenue One we handle this process in its entirety for our clients. 
 
Both at move in, and move out, a detailed condition inspection is completed by our staff.  It is very well documented in order to assess condition and damages done by a tenant.  This includes a written report as well as photos.

Move Out Procedures

Our goal is to place great tenants that remain in place for several years.  When it does come time for a tenant to vacate, we have a very smooth process in place. Once your tenant gives notice, we begin communicating with both you and the tenant to make sure everyone understands their responsibilities.  We do an in person move out walk through when the tenant is ready to turn over the keys.  We use the move in report to address any damages beyond normal wear and tear.  With our many years of experience in this industry, we are very well versed on what a tenant can and should be charged for.  We keep excellent records from the time they take possession until the time they vacate and we make sure the property is returned to an acceptable condition.  We preschedule vendors in advance in order to get work done efficiently.  Our goal is to have a new tenant moving in as soon as possible in order to reduce your vacancy period.  We process the tenants deposit as per the law and provide them with an itemization of charges and any funds due to them.