Not much has changed for Seattle’s rental property investors since our last update. As of March 2022, SJA Property Management still sees Bellevue, Kirkland, Redmond, Issaquah, and Bothell to be the best places to invest in rental property. The Seattle Eastside continues to offer some of the area’s best places to invest in Puget Sound rental properties. Some of the state’s biggest employers in or around the Eastside of Seattle, and recommends these areas to be considered high-demand areas for housing and rentals. Being carried by its tech sector, the Seattle Eastside is home to many up-and-coming millennials in the technology industry. With many points of interest in the immediate area, the Seattle Eastside draws in a diverse crowd due to its downtown and city life being so close to the Pacific Northwest nature. With numerous amount of reasons to move here, the Seattle Eastside is one of the best choices you can make! Contact SJA Property Management today if you are interested in investing in a Seattle Eastside Rental Property!
If you’re planning on making a property investment then your first decision should be where to purchase. Certain areas are always more profitable than others, and some just keep getting better. So where do you spend your hard-earned money in the Seattle area? These property management tips should get you started on choosing the best places to purchase, own, or rent out a property.
Investing in Bellevue Rental Property
Bellevue was named the top 40 places to live in the United States by CNN when we last shared about Bellevue’s attraction as a place to consider when wanting to invest in Seattle’s Eastside rental property The small Seattle area town also has some of the best schools in the state, meaning that the area is attractive to families as well as students and workers. There are actually more people employed in the area than living there, but many of them would move to Bellevue if given the chance. Investing in higher-end apartment complexes, condos, and family homes are almost guaranteed to be profitable, so long as the property is acquired or built for a reasonable price.
Investing in Kirkland Rental Property
Kirkland is an attractive place to live for many Seattle area residents because it is just across the bridge from Seattle and is a very beautiful city that is also part of Lake Washington’s beachfront properties. With its own shopping center and a lot of very beautiful parks, the city has its own attractions but is very centrally located. Some of the benefits include that Kirkland is pretty much right on top of both Bellevue and Redmond. The area has plenty of jobs with the Microsoft headquarters located in neighboring Redmond, so there will almost always be tenants for housing rentals. Kirkland is also an attractive place for commercial property managers to move in because the locals love new stores that are located nearby.
Investing in Redmond Rental Property
Redmond actually made CNN’s list of the top five best places to live in the United States in 2012 which is definitely a great reason to invest in property there. With the Microsoft headquarters stationed right there, the property is very attractive to anyone who works for Microsoft meaning that family homes and condos are definitely in. Added to the fact that many high-end job positions are in the area, rent is high and rises frequently. Property investors can also look for commercial property as locals often frequent nearby shops and businesses rather than driving to Seattle.
Investing in Issaquah Rental Property
While not the most well-known city in the Seattle area, our Issaquah Property Managers know it is definitely one worth paying attention to. Forbes ranked Issaquah as the 89th fastest growing city in the United States and the 2nd fastest growing in Washington. That means more jobs, opportunities, and businesses are constantly sprouting up, which makes it very open to investment potential. An investment now could be much more valuable in ten years when the area has a stronger economy. For now, attractions include a zoo, local festivals, and various historical places that make Issaquah a culturally rich place to live.
Investing in Bothell Rental Property
Bothell and Lynnwood tie for the last spot but, because Bothell is a little closer to downtown Seattle, it takes the top spot. The city is located near Kenmore and Woodinville and does have a portion of Interstate 405 running through the area. However, with a median household income of $105,000 per year, the locals definitely have money to spend on their investments. Our Bothell Property Management team will help you have success with investing in property here.
Learn more about our Puget Sound property management services. SJA Property management is proud to provide some of our area’s most experienced property managers as well as our full menu of the premier, Seattle property management, Bellevue property management, Kirkland property management, Redmond property management, Issaquah property management, and Bothell property management services.