Tacoma vs Nearby Cities
While Tacoma is located in the Puget Sound region of Washington, it offers more affordable real estate prices than you will find further north. The city of Auburn is less than 15 miles to the northeast, but there is a significant difference in prices between the two cities. The median listing price in Tacoma tends to stay under $250,000 while the median listing price in Auburn is often around $350,000. The median rental price in Tacoma tends to stay around $1,500 per month, but it is often around $2,000 in Auburn. Cities closer to Tacoma like Puyallup and Lakewood offer a middle ground with median listing prices around $300,000.
Tacoma Property Managers
An experienced property manager can handle all matters of lease enforcement as well as overseeing maintenance, repairs and renovations. They can collect rent and balance the books while ensuring that tenants receive timely responses to questions and requests for property repair. In the case of an emergency, the manager is often the first one on the scene.
Tacoma Property Management Company Fees
While there are some property management companies that charge a flat fee per month, most base their rate on the amount of rent collected at the property. This fee is often under 10 percent, but it can go higher if a property owner requests additional services.
Washington Landlord/Tenant Laws
- When a landlord neglects to make timely repairs that are important to a tenant’s quality of life, the tenant may pay for the repairs out of pocket and deduct the expense from their rental payment.
- If a tenant fails to pay rent, the landlord cannot start the eviction process before delivering a notice that gives the tenant three days to move out.