Three Protips for Multifamily Housing Owners

Pacific Crest Real Estate • April 22, 2015

Admittedly, these three protips for investment success aren’t new but they are worth repeating:

Document, document, document

When property owners first began renting space in their buildings everything was handwritten. But now with the endless possibilities that the Internet presents and a cell phone in everyone’s hand, it’s all too easy to handle business on the run. To avoid miscommunication, be sure to follow up all calls — or even texts — with an email summary. This one ‘best practice’ will provide backup if controversy arises, and it will also establish clear expectations for everyone involved.

Under-promise, over-deliver

This success-tip will never go out of fashion. Be careful about promising more than you can deliver since a failure to meet expectations could lead directly to negative reviews online from disgruntled residents. In order for your property to function effectively and efficiently you must be straightforward with everyone involved, from the landscapers to the penthouse. Certainly you want to meet your tenants expectations, but also exceed them when you’re able with extras like building perks, rental incentives and more to remind them that their patronage is appreciated.

Provide adequate risk management

“Always be prepared” is sage advice for anyone managing a multifamily property. Do that by obtaining building insurance and requiring renter’s insurance. Not only will adequate insurance help should disaster strike, the reassurance proper risk management can provide is priceless. Make insurance a high priority, and establish restrictions and requirements upon move-in so that everyone properly covered.

Be sure to watch this space for more property management tips.

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A favorite Seattle Blog – A Million Cool Things to do in Seattle

By Pacific Crest Real Estate • March 16, 2016

There are a Million Cool Things to do in Seattle! We love Seattle, we really do, but we’re not the only ones. The blog “A Million Cool Things to do in Seattle” is one of our favorite when scoping out fun activities for the weekend whether for families, couples, or out-of-town guests. It’s sponsored by Findwell, a fellow real estate company based right here in the Emerald City. In addition to sharing information about upcoming events, the blog also includes a Seattle guide and neighborhood guides and a frequently updated events page. And you can search for things to do in Seattle by category — the site lists everything from scenic viewpoints to sporting events and hiking opportunities. Stay in touch with what’s happening by signing up for the “A Million Cool Things to do in Seattle” email newsletter and by following the blog’s social media accounts on Facebook, Twitter, Instagram, and Pinterest. On a Similar Mission As you can tell, we’re big fans of the “A Million Cool Things to do in Seattle” blog. That’s in large part because we feel they’re on the same mission as us, so we feel good about encouraging you to tune into what they’re up to because, like us, they are aiming to build strong and vibrant communities … like yours! Share your ideas! If you’ve got some more ideas about cool things to see or do in Seattle, we’d love to hear from you. You can reach us via social media, too. Connect with us on Facebook, Google Plus, Twitter, and Instagram. We’ll be on the look out for your suggestions and will happily re-share your suggestions with our followers. In the meantime, have fun in this beautiful city we call home! Seattle rocks … but you already knew that.

How to Succeed as a Property Manager

By Pacific Crest Real Estate • February 17, 2016

Whether you’re changing careers and are new to property management or you’re looking to sharpen your skills, we thought you might appreciate a few tips and resources to help you succeed as a property manager.

Happy Thanksgiving!

By Pacific Crest Real Estate • November 18, 2015

Wishing you and yours a Happy Thanksgiving Wow, what a year! And what a great time to pause and reflect on all that we’re thankful for, a list that begins with you. Happy Thanksgiving from all of us at Pacific Crest Real Estate. We hope you have nothing but luck and safety during your holiday travels, that your cornucopia is indeed full, that you have a time and place to relax and enjoy the holiday, and that you, too, have a lot of things and people to be thankful for this year. We Can’t Do it Without You We don’t need a special time of year to be thankful for all of the hard work our office staff and asset managers put in every day, for the dedication and consistent efforts exhibited our property and resident managers, for the stellar collaborations between our investors and developers, and the loyalty our residents offer, many of whom have called our properties home for years. We know it’s all of you who truly make us a successful company, able to live our mission: We have a dual mission at Pacific Crest Real Estate. We endeavor to provide valuable, expert guidance for property owners to help them reach their goals. We also aim to build strong and vibrant communities by providing quality living space for residents and supporting the community they live in. Thank you today, and every day, for being part of our team. Holiday Hours Our offices will be closed on Thursday, November 26, and Friday, November 27, so our staff can spend the holidays with their families. Office hours at our 80+ properties in the Puget Sound area may vary, so check with your property manager. You can still access our online services to view your account via our Tenant Portal, pay your rent, or submit a maintenance request. And, you can always send us a non-urgent message via email.