How much does Redmond property management cost?

Every Redmond property manager has their own unique fee structure, which can vary significantly from other Redmond property management companies. At SJA Property Management, we offer single-family home, condo, apartment, and/or townhouse property management for an 8.9% monthly management fee. Alternatively, we provide multi-family (5-15 units) property management for a 6.9% - 8.9% monthly management fee. In addition to monthly management fees, we charge a leasing fee (which is 60% of one month’s rent), a property set up fee of $385 for a single unit and $200 per unit for multifamily properties. Our renewal fees are 25% of one month's rent.

What to look for in a Redmond Property Manager

When interviewing Redmond property management companies, you want to make sure they offer holistic property management services. For residential properties, we recommend the following services: Helping you get the property ready for renting Property marketing and advertising Showing the property to prospective tenants Screening and selecting qualified tenants Leasing signing and lease management Tenant support and 24-hour emergency maintenance services Rent collection and direct deposits services General maintenance and annual inspections Periodic walkthroughs Lease modifications (i.e. adding a pet to the lease) Reports, photos and financial statements Legal notices to move tenants out

Redmond
Property Management Services

Expert property management in Redmond, Washington — maximize your rental income with local market expertise, responsive service, and proven results from SJA Property Management.

Redmond Overview

We have put this information together for those who either own rental property in Redmond, Washington, or considering purchasing an investment property in Redmond. If you have a question about investing in a rental property or our Redmond property management services that may not be covered on this page, please do not hesitate to contact SJA Property Management directly for a free consultation.

We are a local Redmond-based property management company providing caring and professional Redmond rental property management services for more than ten years, with a combined 40 years of experience in delivering the very best in rental property management. We can provide you with an accurate rental property evaluation by filling out a request form or calling our office directly.

Enjoy peace of mind with full-service property management in Redmond.

Redmond Local Profile

Redmond, Washington, is known as the Bicycle Capital of the Northwest. It is home to several companies, most notably Microsoft, Nintendo of America, Genie, AT&T Mobility, and Satellite Development Facility (SpaceX). Redmond is also known for its arts, culture, quality schools, and parks. These attributes make Redmond a desirable place to invest and own rental property. In keeping with Redmond’s reputation for education, it is also home to the second-largest library in King County. It also boasts several festivals, weekly outdoor markets (in the summer months), and art galleries.

Neighborhoods

Redmond is an eastern suburb of Seattle about a twenty-minute drive away (without traffic). Like the larger city, it has a variety of areas that offer its unique locale, culture, and ethnicities. The City of Redmond includes approximately ten significant neighborhoods, including urban centers Downtown and Overlake, mixed-use land in Bear Creek, Sammamish Valley, Southeast Redmond, and Willows/Rose Hill. The remaining residential neighborhoods include Education Hill, Novelty Hill, Union Hill, Grass Lawn, Idylwood, and the Redmond Highlands. You can find your property’s community using Redmond’s neighborhood map.

Education

Redmond is also home to many public and private schools, which is a boon to local families moving into the area for jobs at Microsoft or Amazon. Most of the city is part of the Lake Washington School District, but the Riverview School District serves homes that are east of 248th to West Snoqualmie Valley Road. Parents have access to 45 pre-schools, 22 elementary schools, 21 middle schools, and 10 high schools, more than 50 of which are private. The DigiPen Institute of Technology and the Lake Washington Technical College also have campuses in Redmond.

Parks & Trails

Redmond is famous for its parks and trails, which cover nearly 1,000 acres or more than 4 square kilometers. The area also offers more than 17 miles of hiking and walking paths and trails. The 23 local parks provide recreation as well as scenery, with RC planes, cycling, and sports events held throughout the year. Some of the most well-known trails are the Sammamish River Trail, Marymoor Park, and Idylwood Beach Park.

Buying a Rental Property in Redmond, Washington

There is much to consider when deciding where in Redmond to buy an investment property, and what type of investment rental property to buy. Proximity to Microsoft, downtown Redmond, and Lake Sammamish are the three main factors to consider when making your decision. As a leading provider of Redmond property management services, we think it important to share that in Redmond, the closer you are to these areas, the higher the cost of the property, and correspondingly, the higher the rent and lower the vacancy. However, there are many great neighborhoods in Redmond, all with their own distinctive positive features.

Deciding what type of rental property to purchase is a matter of personal preference and budget. In Redmond, you can find anything from a single-family home, townhouse, condo or duplex, to a 200-unit apartment complex to invest in. The amount you can pay as a down payment will dictate whether or not you can make a monthly profit from your rental. Most commercial lenders currently require between 20 to 30% down. Even at 20-30% down, it may be challenging to get a property to cash flow unless you were fortunate enough to find a great deal.

Managing Rental Property in Redmond, WA

One of the first questions a new investment property owner will need to ask themselves is: should I manage the property myself or hire a Redmond property management company to manage my investment?

When making the decision whether to manage the property on your own or have it done by a professional management company, there are few factors to consider. For example, how much time do you want to spend involved with the investment, your risk tolerance, and your knowledge of managing rentals? Managing a property yourself can be done effectively, but it should be treated as a part-time job and given that amount of dedication and time.

SJA Property Management specializes in providing property management services for Redmond owners and can take all aspects of managing a property off of the plate of the owner. Tenant screening, lease preparation, and signing, rent collection, and maintenance handling are just a few of the property management-related issues that are routinely handled by a professional property management company.

Here are helpful links on the pros and cons of self-managing:

While it may appear to make sense to manage your property (for the sake of saving on fees), you may find that the trouble is just not worth the potential savings. Also, any costs saved on fees can easily be lost with an increased vacancy, non-paying tenants, or increased liability. The resources available and aggressive marketing campaigns, that are implemented by professional property management companies will likely result in your rental property renting more quickly, and for a higher rental amount.

The money you hope you will save in fees may be eaten up in one month, due to unnecessary vacancies and you still would have to do all the other management related tasks, e.g. tenant communication, rent collection, emergency calls, maintenance, vendor screening, property inspections, and lease enforcement. In the end, it comes down to the goals and personal preferences of the investor.

For more detailed information on any of the issues discussed above, please contact one of our Redmond, SJA Property Management professionals at 425-658-1920.

Useful Resources and Links

Residential Landlord-Tenant Resources

Revised Residential Landlord-Tenant Act – Chapter 59.18 RCW

Redmond City Hall

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Average Rent Rate in Redmond, WA

Redmond offers a mix of rental opportunities, from family homes to modern condos — and demand continues to grow. Here’s what property owners can expect:

$1,900 - $2,400/month

Studio/1 bedroom apartment, 500-800 square foot

$3,000 - $3,500/month

2-3 bedroom apartment, 1,000-1,300 square foot

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What Our Clients Are Saying

We had a fantastic experience with SJA Property Management! We rented a home through them for two years and never had any problems with the management team. Their online portal makes paying rent, managing maintenance requests, and updating paperwork super simple. Our designated property manager Kim was Amazing! Always responsive, helpful, and willing to answer any questions we had. Highly recommend working with them!

I have been using SJA to manage my rental for quite some time now. Jenny and her team @ SJA are the best in the business. They take all the hassle away from the home owners and just take care of everything in a very professional and timely manner. Highly recommended!

As a property owner I have complete confidence in SJA to manage my home while I am away. No issues to speak of and as an out-of-state owner, this is a BIG DEAL! At first I had questions for the bookkeeper (utilities, pay outs). She responded promptly and answered clearly with excellent explanations. I highly recommend SJA for PM services.

I worked with SJA and specifically Claudette and Griffin to rent out my Seattle property. They made it very clear for me from the outset what needed to be done to have the property rent-ready and they were very prompt in listing and marketing my home. I was super impressed that the house was rented within one week of listing and this was even after SJA had recommended I charge higher rent per month than my original target. Looking forward to working with SJA for the ongoing management of my property.

We’re Committed to Real Results

Real protection. Real value. Real peace of mind.

SJA leads the way in managing single-family and small multi-family homes. Known for results and trusted for our service, we back it all with our exclusive SJA Guarantees.