Redmond
Property Management Services
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.
How much does Redmond, WA property management cost?
On average, property management companies in Redmond, WA typically charge between 6% and 12% of the monthly rent for ongoing full-service management. Tenant placement fees generally range from 50% to 100% of one month’s rent, with possible additional fees for lease renewals, maintenance coordination, inspections, and property setup.
Every Redmond property manager has their own specific fee structure. At SJA Property Management, we offer single-family, condo, and townhome management for an 8.9% monthly management fee, with a minimum of $235 per unit per month. For multifamily properties, we offer a 6.9% to 8.9% monthly management fee, with a minimum of $185 per unit per month. In addition to the monthly management fee, we charge a leasing and onboarding fee equal to 60% of one month’s rent, with a minimum of $1,850, a lease renewal fee equal to 25% of one month’s rent, with a minimum of $500, and an occupied-property setup fee of $385 for single units or $200 per unit for multifamily properties.
We back our services with exclusive SJA Guarantees, including No-Fee Cancellation, a Happiness Guarantee that refunds paid monthly management charges if you are not satisfied within the first three months, and a conditional 30-Day Lease Guarantee for newly onboarded vacant properties. We also provide a Tenant Placement Guarantee, approved-pet damage protection worth up to four months of management fees, eviction support at no additional charge for qualifying single-family homes, and rent deposits by the 15th when rent has been paid. Guarantee terms and eligibility may vary by property and local requirements. To learn more about our Redmond property management services and pricing, please visit our Services and Pricing page.
Redmond Local Profile
Redmond, Washington, is known as the Bicycle Capital of the Northwest. The latest U.S. Census estimate lists a population of 82,506 as of July 2025, up 12.6% since 2020. Redmond’s median household income is $162,560, and 75.3% of adults age 25 and older hold a bachelor’s degree or higher.
Redmond is home to several major employers. Microsoft remains the city’s largest employer, followed by Amazon, Meta, the Lake Washington School District, and Nintendo of America. Redmond is also known for its arts, cultural events, seasonal markets, quality schools, parks, trails, and access to Lake Sammamish. These attributes make Redmond a desirable place to live, invest, and own rental property.
Enjoy peace of mind with full-service property management in Redmond.
Neighborhoods
Redmond is an eastern suburb of Seattle with ten officially recognized neighborhoods. Downtown and Overlake contain the city’s two urban centers, while Bear Creek, Sammamish Valley, Southeast Redmond, and Willows/Rose Hill include a mix of residential, commercial, industrial, and employment areas. Education Hill, Grass Lawn, Idylwood, and North Redmond are primarily residential.
- Bear Creek
- Downtown
- Education Hill
- Grass Lawn
- Idylwood
- North Redmond
- Overlake
- Sammamish Valley
- Southeast Redmond
- Willows / Rose Hill
You can find your property’s community using Redmond’s neighborhood map.
Education
Redmond is primarily served by the Lake Washington School District. As of October 2025, the city had 12 public school facilities serving 7,649 students, including seven elementary schools, three middle schools, Redmond High School, and the Old Redmond Schoolhouse Early Learning Center. School assignments should always be confirmed directly with the district because attendance boundaries can change.
Redmond is also home to the DigiPen Institute of Technology, which offers undergraduate and graduate programs in technology, art, design, and digital entertainment.
Transportation & Employment
Redmond’s transportation options expanded significantly when the Downtown Redmond Link Extension opened on May 10, 2025. The extension added Downtown Redmond and Marymoor Village stations, connecting them with Redmond Technology, Overlake, Bellevue, and other Eastside destinations. Access to light rail, major employers, State Route 520, and regional trails can make nearby rental properties especially attractive to commuters.
Parks & Trails
Redmond is famous for its parks and trails. The city maintains 47 parks covering approximately 1,351 acres. Redmond also has 59 miles of public trails, including 39 miles owned and operated by the city. Popular outdoor destinations include Idylwood Beach Park, Downtown Park, the Redmond Central Connector, and the Sammamish River Trail. King County’s Marymoor Park provides additional sports fields, trails, events, and recreational space near downtown Redmond.
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 rental property to purchase. Proximity to Microsoft, downtown Redmond, light rail stations, and Lake Sammamish are important factors. Properties near major employment centers, transportation, shopping, and recreation may support higher rents and stronger tenant demand, but investors should always evaluate neighborhood-specific rental comparisons.
As of July 2026, the median sale price across Redmond was approximately $1,397,500. The median price was about $1,470,000 for detached homes and $625,000 for condominiums and townhouses. Prices and inventory change frequently, so investors should review current listings, recent comparable sales, expected rent, HOA expenses, maintenance needs, and potential vacancy before purchasing.
Deciding what type of rental property to purchase is a matter of personal preference and budget. In Redmond, investors can find single-family homes, townhouses, condominiums, duplexes, and larger multifamily properties. Down-payment requirements vary by lender, property type, and borrower qualifications. Even with a substantial down payment, investors should carefully calculate whether expected rent will cover financing, taxes, insurance, maintenance, management, and vacancy costs.
What Can You Expect to Get for Rent for a Redmond Investment Property?
As of August 2026, the observed average rent across all bedroom counts and property types in Redmond was approximately $3,395 per month. Average rents by bedroom count were approximately:
- Studio: $2,039 per month
- 1 bedroom: $2,300 per month
- 2 bedrooms: $3,100 per month
- 3 bedrooms: $3,750 per month
- 4 bedrooms: $6,249 per month
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:
- Managing Your Emotions When Self-Managing a Rental Property in Redmond
- The Difficulties Of Managing a Redmond Rental Property From Afar
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
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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’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.
Happiness Guarantee
Not the right fit?
No worries. If you're not happy within the first 3 months, you can cancel anytime, no strings attached. We’ll even refund your paid monthly management charges.
No Fee Cancellation
Need Out? No Hard Feelings.
You can cancel management anytime, no penalties or charges. We’re here to serve, not to trap you.
Response Time
We Answer.
We’ll respond to your messages within 24 business hours every time. Your questions matter here.
30-Day Lease
Vacancy?
Not on our watch. If we can’t lock in a qualified tenant within 30 days, we’ll waive your first month’s management charge. (Some conditions apply, but we’ll guide you. For new onboarded, vacant properties only.)
Tenant Placement
Tenants That Stay (Or We Pay).
If a tenant we've placed breaks their lease in the first 12 months, we’ll waive the leasing fee to find a replacement. No hassle for you.
Pet Protection
Pets? We’ve Got Your Back.
We screen pets thoroughly. If approved pets cause damage beyond the deposit, we’ll waive up to 4 months of management fees to help cover it. (Excludes service animals per Fair Housing laws.)
Eviction
Evictions at SJA are rare, but we've got you covered.
If eviction becomes necessary, we’ll guide you through the process, at no extra charge, and waive your management charges during that time.
(Single-family homes only.)
Rent Deposit
Your Rent, Right on Time.
We deposit your rent, when paid, into your account by the 15th. Like clockwork.
*Guarantee terms and leasing processes may vary based on property location and applicable local ordinances, including Seattle’s First-in-Time Rule.
Dedicated to Delivering Peace of Mind
- Eviction Management
- Rent Collection & Distribution
- Annual Inspections
- Lease Enforcement
- Expert Marketing & Listing
- Professional property photos
- On-Demand Showings
- Thorough Tenant Screening
- 24/7 Maintenance
- Rent-Ready Repairs & Cleaning
- Tax Document Preparation
- Move-in and Move-outs