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Top Reasons Spokane Owners Hire Property Managers:
Based on recent data in Buildium's annual report for 2025, here are the leading reasons why rental owners seek professional property management:
Distance (54%): A majority of owners hire a property manager because they don't live near their rental property. Managing a property from a distance presents unique challenges, and a local property manager can be a crucial resource for maintaining the property and handling tenant issues effectively.
Residents (53%): Attracting and retaining quality tenants is essential for any rental property. Over half of owners hire a property management company to handle tenant management, including marketing vacant properties, screening applicants, managing leases, and addressing tenant concerns. These tasks can be time-consuming and require expertise, which a property manager is equipped to provide.
Maintenance (47%): Property maintenance is a critical responsibility for owners, and nearly half of owners hire a manager for help with emergency repairs and preventative maintenance. This includes routine inspections, coordinating repairs, and ensuring the property is well-maintained, contributing to both tenant satisfaction and property value.
Regulations (30%): Navigating the ever-changing landscape of rental laws and regulations can be challenging. Thirty percent of owners seek professional help to keep their properties compliant with local and federal regulations. Property managers stay up-to-date on these changes, ensuring owners avoid potential legal issues.
Accounting (27%): Financial management is a crucial part of owning rental property. Over a quarter of owners need assistance with accounting and bookkeeping, including tracking income and expenses, generating financial reports, and managing tax documents. Property managers are often equipped to handle these tasks efficiently and accurately.
Profitability (24%): Maximizing the revenue generated by rental properties is a top priority for owners. Nearly a quarter of owners seek an expert to assist in this goal. Property managers can implement strategies to optimize rental rates, minimize vacancies, and reduce expenses, all of which can increase profitability.
How We Help Spokane Rental Owners:
We provide comprehensive services designed to address each of these needs, allowing you to enjoy the benefits of rental property ownership without the stress.
Our services include:
Local property oversight for owners who live out of the Spokane area.
Full tenant management to attract and retain great tenants.
Timely and reliable property maintenance to keep your investment in great shape.
Expert guidance on local and federal regulations.
Professional accounting and bookkeeping practices.
Strategies to maximize your property’s revenue and profitability.
If you're a rental owner in Spokane, WA, and looking for help with your property, we encourage you to reach out and learn how our services can benefit you.
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