Property Management Services in Sammamish, WA
Investing in Sammamish real estate is a smart move for anyone with the investment capital to spare, but it can often be difficult to keep up with the day-to-day details of changing rent rates, tenants, and paperwork. Property management can be difficult unless a landlord is fully committed to understanding the laws, processes, and takes on an active role.
The team at SJA Property Management has prepared this page for those of you who are contemplating the purchase of an investment property in the Sammamish area, and/or deciding whether or not to manage your property on your own or through a professional Seattle property management company. Our goal is to help investors make an informed decision about purchasing, managing, and leasing their Sammamish home or investment.
Our goal is to provide you with your relevant and useful information that will help 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 in the Sammamish market, to draw upon. SJA Property Management provides free, no-obligation consultation on any and all matters related to real estate and property management. Please don’t hesitate to call us at 425-658-1941 or email firstname.lastname@example.org for a free consultation.
Local Profile for Sammamish, Wa
Like other Seattle suburbs, Sammamish is a popular place to live, and has been named among the best places to live in the United States. Sammamish is home to upwards of 65,000 people, and stands out for its many lakeside homes, nearby access to jobs and industry through Redmond and Kirkland. With a range of parks, recreation, arts, and festivals throughout the year, the city also has plenty to offer for everyone. It is also one of the most affluent areas in Washington State.
Sammamish is home to urban sophisticates, and homes are often large and cater to those with a larger income. Families are mixed in that residents may or may not have children. Most residents are highly educated professionals, working at nearby tech corporations in Redmond, Kirkland, and Issaquah. There are 37 neighborhoods in Sammamish with characteristics ranging from truly urban to outdoor countryside living. These communities offer a mix of residential, lakeside, and downtown property investment opportunities.
Most of Sammamish’s neighborhoods are around 30 minutes from the large employers like Microsoft, Google, or T-Moble, so highlighting public transport near your home can be of great help. You can find these routes using the King County Trip Planner, or individual maps from the many transit centers which service the area.
Divided between the Lake Washington and Issaquah School Districts, Sammamish has over 20 preschools, 11 elementary schools, 10 middle schools and 3 high schools that families have access to. Both districts are highly regarded and you can check which one your student would be attending using the official city district map here.
In addition to the public schools are numerous private schools, a local YMCA, and multiple nearby community colleges that offer educational opportunities for both children and adults alike.
Parks & Trails
Parks and trails are set up to offer scenic views of the lakeside, city and the local wildlife. Many of them also integrate activities and sports. In Sammamish, there are nine parks and miles of walking areas in the seven trail systems. The local Sammamish Walks offers guided tours, trail and park maps, and much more.
Buying Investment Property in Sammamish, WA
Sammamish is extremely family-friendly, so most of your investments should be family size homes. In fact, in 2012, Sammamish was named the Friendliest Place to Live by Forbes. On top of this the three lakes, nine parks, and two school districts in the area, there is plenty in Sammamish to make renting property attractively. In addition, there are four local bus routes that go to Seattle and surrounding Redmond and Kirkland areas, which are perfect for commuters heading to work in other parts of King County.
Keeping this information in mind, the first step to investing in Sammamish property is to identify the property you want to purchase. Depending on the current state of the market, this can be easy or difficult, but you have to choose a home or unit based on location, features, and eventual return on investment.
Choosing a rental property should factor in many things including your budget, how much money you can put down upfront, and potential profit margins on the property. Large investors are better off going with multi-family homes that provide more income each month, whereas small investors will find it easier to purchase a single-family home or condominium. There are plenty of lenders and credit unions available to help investors who don’t have the cash to buy Sammamish property outright, meaning that so long as the property will be profitable, buyers can invest.
Average Rent Rate in Sammamish, WA
Rent rates in Sammamish vary depending on the property type and the year, but most real estate investors can expect the following:
- 2 bed/2 bath 1,000 square foot single family condo -$1,700 – $2,700 per month
- 4 bed/2 bath, 2,500 square foot single-family home- $2,800 – $3,500 per month
Managing Rental Property in Sammamish, WA
While you can manage a rental property on your own, you may want to consider hiring a professional Seattle area property management company instead. In making this decision, you will consider personal preference, aversion to risk, budget, and the amount of time you have to dedicate yourself to the issues that may arise with property management.
There are a number of aspects to property management; tenant screening, lease preparation and signing, rent collection, and maintenance handling are just a few of the proper management related issues. A professional property management company like SJA Property Management can relieve a rental property owner of all aspects of managing a rental property.
While it is true that you may be able to save more money by managing the property on your own, you may find that it is just not worth it. As an example, one month of vacancy in your rental could easily consume that money you saved. A property management company like SJA property management would aggressively market your rental property likely leading to it being rented out more quickly than if you handled it yourself.
SJA Property Management understands that many of you, for financial or other reasons, will decide to manage your property on your own. If you are managing your own property and issues arise that you aren’t sure how to handle, please call us. Our team is more than happy to consult with you, free of charge, on whatever property management-related issue you are dealing with. We can be reached at email@example.com or 425.658.1941.