Property Management, Kenmore WA
The team at SJA Property Management has prepared this page for those of you who are contemplating purchasing an investment property in the Kenmore area or deciding whether to manage your property on your own or through a professional rental property management company. Our goal is to help investors make an informed decision about purchasing, managing, and leasing their home or investment property.
Our goal is to provide you with relevant and valuable information to guide your decision-making without drowning you in data. Everyone’s situations and preferences are slightly different. Quite often, the most efficient and effective way to get your questions answered is to talk one-on-one with a Seattle property manager who has years of experience. SJA Property Management provides free, no-obligation consultation on all matters related to real estate investments. Please do not hesitate to call us at 425-658-1920 or email us at info@sjapropertymanagement.com for a free consultation.
Kenmore, Washington
Kenmore is a widely varied town that has something to offer for nearly everyone, including boating activities through the multiple marinas, parks including the St. Edwin Park and Burke Gilman Trail, and a mix of residential developments. There are a variety of urban landscapes and beautiful untouched woodlands, parks, trails, a freshwater harbor, an industrial port, retreats, and some industry in the form of the Kenmore Air Harbor and production.
This bedroom community stretches along the northern shore of Lake Washington, covering 6.26 square miles of primarily residential land. Residents mainly commute to work in nearby cities, including Kirkland, Redmond, and Bellevue. Over the last 15 years, Kenmore has revitalized its downtown area and has earned multiple accolades, including being ranked as the “Best Metropolitan Neighborhood to Live” by Seattle Magazine in 2009 and named “One of the Best 10 Towns for Families” by Family Circle Magazine.
Neighborhoods
Kenmore is known to have several distinct neighborhoods stretching from the urbanized Central in downtown to the sleepy residential areas of Northern Kenmore, all of which are dotted with trees, parks, and nature. Interspersed amongst these neighborhoods are numerous parks, grasslands, trees, and wildlife.
- Arrowhead
- Central Kenmore (or Downtown Kenmore)
- Inglewood
- Kenlake Vista
- Kenmore Terrace
- Linwood Heights
- Lower Moorland
- Northern Kenmore
- Northlake Terrace
- Northshore Summit
- Uplake Terrace
- Upper Moorlands
Demographics
In Kenmore, most residents are middle to high-income couples or families who prefer to live in the suburbs to take advantage of quieter living and therefore commute to work during the day. The median family income in the area is between $79,847 and $100,999.
Kenmore is home to over 21,000 residents who reside in over 8,000 households. Of these homes, just under 36% are families with children, while the remainder is divided between high-income singles (about 13%) and married couples with no children.
School & Education
Kenmore offers easy access to highly recognized schools from Kindergarten through college. As a part of the Northshore School District, Kenmore is home to 18 schools, 13 of which are private. Of these, Inglemoor High school, Arrowhead Elementary School, and Moorlands Elementary School are highly recognized in the area and some of the best in King County.
Kenmore is also home to the Bastyr University but offers easy access to the University of Washington’s campuses, the Shoreline Community College, and the SCC Center for Business and Continuing Education.
Purchasing a Rental Property in Kenmore Washington
Kenmore’s property prices are high, as is the cost of living, but this also translates into a high rental rate, making it easier to earn back your investment. While 71% of locals prefer to own their property, the remaining 29% rent, leaving an opportunity for investors to either rent their existing home or purchase a rental property in the area.
- 4 Bedroom / 2 Bath – $2,500-$3,200
- 2 Bedroom / 1 Bath – $1,400-$2.000
- 1 Bedroom/ 1 Bath – $850 – $1,500
Property Management in Kenmore
A few of the duties that a landlord in Kenmore must take care of include: Marketing, showing the property, screening and choosing tenants, understanding all the laws, collecting rent payments, enforcing the lease, managing maintenance requests, and providing 24-hour emergency service.
Keep in mind that managing rental property is a lifestyle decision, which can be like adding a part-time job to your life., In the end, many landlords choose to work with a property management company instead of taking on the management of their Kenmore rental themselves.
When you consider the liability protection, the potential for a higher rent amount, and a lower vacancy rate, a professional management company is often less expensive than self-management. While initially, it might seem to make sense to manage your property, you may find that the trouble is just not worth the amount of money saved.
SJA Property Management understands the time and effort needed to manage your Kenmore rental property successfully. We will work with you to maximize your income and minimize the risk of owning your Kenmore rental home.
For more detailed information on any of the issues discussed above, please contact one of our SJA Property Management professionals at 425-658-1920.