Are there any requirements to becoming a Washington state property manager?
The answer to this question is yes.
An individual or company that wants to become established as a property management company in Washington state must have a real estate brokerage license because, in Washington State a property management company is also considered to be a real estate brokerage especially if they want to perform the functions, or services, of a property management company in the state including things like administrative, financial, physical maintenance, renting, leasing, compensation or other normal functions that are expected of a property manager.
Are There Requirements to Become a Real Estate Broker in Washington?
As with other states like California; Washington state does have specific requirements that individuals must meet if they want to become a licensed real estate broker.
These requirements include the following:
- Individuals must be at least 18 years old
- Graduated high school, passed the GED or equivalent test
- Completed at least 90 hours of real estate education as specified by The Real Estate Commission. All courses must be completed within 2 years of applying for the broker's exam in the state of Washington.
- Last of all but most important, real estate brokers in the state of Washington must pass the real estate broker's exam.
Why Being a Licensed Real Estate Broker in Washington Is Important
Becoming a licensed Real Estate Broker in Washington is important because it will give clients and or tenants confidence in knowing that their best interests are being professionally represented regardless if they plan on renting or have a company professionally manage their rental properties for them.
What About Property Management Company Employees?
Individuals employed by managing brokers in Washington State are not required to have a real estate broker's license especially if they are not optioning, exchanging, purchasing, renting, promoting or engaging in any other normal function of a property manager.
What Can You Expect From a Washington State Property Manager?
Hiring a Washington State property management company to professionally manage your portfolio of rental properties is one of the best things that you can do if you own one or more rental properties because not only will a property manager save you the time, money and hassle of managing a rental property yourself, we will also do the following:
- Tenant Selection – We will select and place only the most qualified tenants to live in your rental properties.
- Customer Service – Instead of calling you when they have questions comments or concerns regarding their rental property, renters will call us. This will save you time on the phone and the hassle of dealing with renters yourself.
- Maintenance – Another way we become an asset to you is maintenance. You can count on us to properly maintain your rental property including dealing with issues before they become huge problems. This will save you tens of thousands of dollars in maintenance costs in the long run.
- Rent Collection – By far the most important way that we help you is rent collection. You can count on us to collect the rent on time from your tenants every month and deposit the rent into your account. This will also eliminate the hassle for you of collecting rent yourself and having to deal with excuses from renters like “the check is in the mail”.
- Financial Management – Besides sending you monthly deposits for positive cash flow each month you can also count on us to establish a separate trust account for managing your “owner” money, handling repair billing, producing monthly financial reports and so much more!
Get Property Management Here
For professional Washington State, property management contact Jevons Property Management today by email to owners@jevonsproperties.com
