preview_property_management

The Growing Need for Professional Property Management

Wed, 19 Feb 2025 14:43:15 GMT

As the real estate market continues to evolve, the demand for professional property management services is on the rise. Whether you’re a seasoned real estate investor or a first-time landlord, managing rental properties can be time-consuming and complex. From screening tenants and handling maintenance requests to ensuring compliance with local rental laws, there’s a lot to keep track of. That’s where Preview Rentals comes in.

Why Is Property Management More Important Than Ever?

The rental market is more competitive than ever, and property owners need to stay ahead to maximize their investment. Here are a few key reasons why property management is crucial in today’s market:

Tenant Expectations Are Higher – Renters today expect prompt responses, well-maintained properties, and seamless communication with landlords. Professional property management ensures that tenants receive top-tier service, leading to higher satisfaction and retention rates.
Legal and Compliance Challenges – Landlord-tenant laws are constantly changing, and staying compliant can be overwhelming. Our experienced team stays up to date with regulations to protect your investment and avoid costly legal issues.
Maintenance and Repairs – Routine maintenance and emergency repairs can be stressful for property owners. We handle everything from minor fixes to major renovations, ensuring your property remains in top condition while reducing your stress.

Why Choose Preview Rentals?

Preview Rentals specializes in providing property owners with comprehensive and hassle-free property management solutions. Here’s what sets us apart:

Experienced Local Experts – With deep knowledge of the rental market, including in Skagit and Whatcom County, we understand what it takes to keep your property profitable.
Comprehensive Services – From marketing and tenant placement to rent collection and maintenance coordination, we handle every aspect of property management so you don’t have to.
Proven Track Record – Our satisfied clients trust us to manage their properties efficiently, ensuring steady rental income and property value appreciation.

Partner with Preview Rentals Today

If you’re looking for a property management company that prioritizes your success, Preview Rentals is the right choice. We take the stress out of property ownership while maximizing your returns. Contact us today to learn how we can help you manage your rental properties with confidence!

Spring Moving Tips

Tue, 15 Mar 2022 19:00:03 GMT

It’s finally spring, and the new year brings new hopes and goals, some resolutions and promises, and perhaps a new place to call home too! Moving can be very exciting but exhausting too. No matter what time of year or season you move, it can be a tedious process any which way.

Be mindful of these spring moving tips, so you can have a worry-free and seamless move — and settle in at your new apartment in no time.

Plan Ahead

Spring is one of the most hectic seasons of the year in the real estate industry. If you plan on moving in the spring, make sure that you plan ahead and book your movers in advance. Prices of moving rates may hit high ceiling marks by mid-May, and the availability of vendors and moving companies may become limited.

Prepare for Unpredictable Weather

Spring weather can be very unpredictable. Weather forecasts can only be reliable for a few days at best; you wake up with sunny and warm weather one morning, and the day may end with you getting soaked in pouring rain. Schedule the arrival of your movers a day or two before your actual move to give them ample time to travel just in case they are delayed by extreme weather changes. If you’re traveling quite a distance — and it will take a few hours — give yourself a whole day for the trip, so you are not extremely rushed and pressured. It is best to have furniture covers on hand to protect your stuff when taking them out or back in. Upon arrival at your new apartment, park your moving truck as close to your unit as possible, so you don’t tire yourself out going back and forth.

Protect Yourself Against Pollen

Spring brings plenty of blooming flowers, but pollen also comes with the pretty blossoms. It can get scattered all over your new place if you are not careful. Make sure to seal all boxes and cover furniture when you take them out, and take off your shoes when going inside.

Purge Before Moving

Give yourself a head start and clean out your rooms and closets before you move into your new apartment. This results in less stuff to pack, and you won’t be bringing in unwanted and unnecessary stuff to your new apartment.

Pause and Take Breaks

Moving can get pretty toxic with so many things that need to be done. You may have a tendency to skip meals in your determination to finish everything on time. However, you will need energy to power through the day and accomplish more. It can get warm during spring, and you may need to hydrate often. Have quick, protein-packed snacks and regular sips of water to keep your energy levels up.

Moving to a new home can be very tiring. In choosing your new place of residence, Skagit County offers extensive options for you — from rentals to owned properties. You would need to coordinate everything properly before you move. Engaging closely with the property management company can make your transfer smoother and worry-free. They can even connect you with reliable movers and other vendors you may need in your move.

Follow these tips closely, settle in at your apartment, socialize and make new friends, and enjoy your new neighborhood.

Skagit Kid Insider: Your Guide to Local Events for Families and Kids

Tue, 08 Mar 2022 20:00:04 GMT

A concern families have when moving to a new home in Skagit County is engaging with the community. You may spend weeks or months trying to grasp how everything works and missing out on fun activities. The solution is Skagit Kid Insider . It is a website that collects information about all events in the county related to kids.

Now parents don’t have to worry about missing events or finding opportunities for their young ones. They can find new friends, connect with people in the community, and have an easier time adjusting to a new place.

Special and Seasonal Events

Whether indoor or outdoor, you’ll find activities that the kids will enjoy. You’ll find the latest entertainment venues like theaters and museums. You’ll also know where to go if you’re looking for a play area near your location.

Skagit Kid Insider also has information on outdoor venues. You can search for parks and playgrounds. You can also use the website to look for activities like hiking or biking. If you want more sports activities for your kid, you can go through teams in the area or visit the public pools.

The main page also lists the nearest upcoming events. There are also a few articles, so you know what you can do here.

Guides

A section of the website has guides on where kids can celebrate special occasions. You can also find information on schools and care facilities that can care for your children. If you’re looking for activities during occasions, the website also has them. You can find details on summer events, Halloween guides, and even Disneyland.

You can find information on all schools on the website. It is what you need if you’re looking for a place for your child to learn. There are also short-term events there, from camps to specialized classes.

All You Need in One Place

Skagit Kid Insider is the anchor that helps you find your way in the community. It can help connect your children to others, making friends along the way. You’ll also find that these events are where families can also get to know each other. With the website frequently updated, you can come back at any time to check what’s new in the county.

End of the Eviction Moratorium

Tue, 04 Jan 2022 20:00:19 GMT

Evictions are starting to become the norm again as Washington state begins its steady recovery following the pandemic. Previously, landlords were unable to impose any payments on tenants or evict them due to the difficulties of the past year and a half.

Now, people are returning to work and settling into normalcy despite the virus. The state government deemed that evictions could return.

It has led to a mixed reception from both tenants and landlords. Landlords can begin their business once again after losing over a years’ worth of rent. And while many have recovered financially, others are still struggling. However, the government believes that the economy will be affected significantly if this moratorium goes on any longer.

Statewide Does Not Mean Nationwide

While the moratorium officially ended in November 2021, some cities opted to push it to the following year. Several areas have decided to extend it for their cities at the start of 2022.

Even though the moratorium was ongoing for quite a while, there was uncertainty with its timeline. This meant that there was very little time to prepare once the official announcements rolled out. Because of this, some cities decided to extend their moratorium. These include:

Seattle
Burien
Kenmore

The Renter's Struggle

While most of the population has returned to normalcy, some people have not gotten back on their feet. People who have lost their jobs are struggling to find new opportunities, make end’s meet, and ensure they don’t get behind on rent. The estimate is that around 8% of renters in Washington are late in payments in some form. Some have even resorted to payment plans to pay their accumulated rent but put themselves into even more debt.

The pandemic only heightened what was already a prevalent problem in Washington. A part of the population was having trouble with low wages, and the rising rental prices isn’t helping them. While landlords can evict, several agencies believe it is still the last resort. Some landlords are offering different payment options to help with their tenants.

Not all of them will have the same luxury. Many landlords also have to find means and earnings. They cannot risk their property staying free for a long time without paying back their investment.

The Effects

With hundreds of thousands unsure of their future status, we may see a shift in the housing markets. The removal of the eviction moratorium will likely leave many rental properties open in the coming months. Some government officials believe that an extension is still necessary. They say that the government has failed to provide ample financial support to those in need, and many of the renters affected negatively are in agreement.

However, the effects of the pandemic on the U.S. financial system will also likely show in the coming years. Considering the extent of government aid initiatives, many economists anticipate hyperinflation that could raise prices and create financial strain on tenants regardless.

Normal or Not?

The end of the eviction moratorium may be a sign that the U.S. is aiming to move past COVID-19. While there are still threats of variants, vaccination has been a positive development in various parts of the globe. However, one cannot say that its effects have not been significant. Many people lost jobs, businesses went under, and renters suffered consequences.

In light of these changing conditions, it pays to have a property management company on your side to collect rent payments and more. Contact Preview Rentals today to find out more about our property management services.

Sources:

Helpful Tips When Moving to Skagit County In Winter

Wed, 29 Dec 2021 17:51:04 GMT

Are you moving to Skagit County, WA in December or January? Are you a little worried about what will happen to you or your family when moving during the cold winter month of December or January?

Moving to Skagit can be a fun and adventurous transition, especially if you are a first-time here. But moving in the winter can be quite a bit more challenging than it is during other months of the year. Planning as much as you can is key. This means having a plan for your new residence.

Grab your coffee and keep reading for some tips for a smooth winter rental hunt!

Apartment Location

Location is a very important thing to consider when looking for an apartment in any place. It can be the difference between having a great apartment and a terrible one. You may want to live downtown near all of the different activities, or you might want to live on the outskirts of town.

The location of your apartment should have a direct impact on how much rent you can expect to pay as well.

In addition, the location might also affect the amount you pay for your rental.

Rental Fee

In the U.S. spring and summer are usually the hottest times of year for home sales and rentals. But if you’re flexible and looking to rent, shifting your search to a few months on either side of the seasonal norm can help you score a deal.

When it comes to apartment hunting, timing is everything — and there’s no time like that of year when the temperature plunges. You could actually save hundreds of dollars by getting your apartment just before the winter season ends.

Apartment Necessities

When it comes to buying the perfect new apartment, you don’t want to move into a new place that is totally empty. That way, if you are a student, you can live comfortably and not just someplace that lacks all the basic things you need.

Since you’re moving in wintertime, make sure the apartment has the essentials for keeping you warm, like heaters or space heaters.

Amenities

Amenities are the features of an apartment that make living in it more enjoyable — especially for longer periods of time. They can be things like a gym, storage unit, a BBQ area, or even a community car wash.

If you’re lucky, you’ll find an apartment with complete amenities at an affordable price or rent.

Environment

The neighborhood of your apartment can have a big impact on your quality of life. So you might want to know more about your prospective neighborhood before you move in.

Consider visiting the area at different times of the day and night to get a feel for the usual activity and noise level.

Tips for Moving During the Fall Season

Tue, 21 Sep 2021 17:57:31 GMT

Fall is arguably one of the best seasons to move. It comes right after summer and the expensive rental costs that come with the season, with most people settled in after trying to beat the back-to-school rush.

Fall has better temperatures and more available movers. However, there are still a few challenges you need to prepare for during this season. Adequate preparation is important, and these moving tips will help provide a smooth experience.

Clear Your Pathways

As nice as the temperatures can be, moving during the fall can be made awkward by the presence of leaves and water on the ground. While they may seem inconsequential at first, these things can get annoying once it’s time to start lifting items during the move. Puddles can even lead to slip-and-fall accidents if you’re not careful. Make sure to clean all outdoor paths and place cardboard on areas that get slippery during the season.

Move Your Utilities in Advance

Temperature drops during the fall can be surprising and can make it harder to move. Make sure electricity and gas are ready at the new home. If you’re transferring services, it can take several days for them to take effect. You want to have a warm and cozy place to move to, especially when you’re setting things up after you’ve completed the move.

Know When School Starts

Each district has changes with how they deal with school, especially concerning schedules. It’s the reason most people scramble to make their move during the summer for ample time to prepare. However, you are moving during the fall to take advantage of better conditions. One thing to note is that some regions have schools that start either early August or late August. Learning the school schedule in advance helps students not miss any lessons.

Consider Your Moving Options

For those moving during the fall, you have the option of flexibility that the summer season usually doesn’t have. You’ll want to take your time to make sure you save the most money, especially if you’re on a student budget. Since more people move during early September, you can wait until later in the month before moving to a new place.

As you’re choosing to move at a later date, you can handle other things that are equally as important in the meantime, such as discarding items you no longer need or selling things that may be hard to move. It may also be time to prepare your boxes and storage, especially for bulkier items.

Start the Move Early in the Day

One thing that many people seem to forget is that you have less daylight during the fall. As winter nears, days are shorter and nights are longer. It can get dark as early as 5 PM during the latter part of the fall. Make sure you start the move as early as possible — at the first sign of daylight if you can.

Fall Provides Many Advantages

Those who wait for the fall season get rewarded with more options, better prices, and the best weather. While moving in the winter can be cheaper, it comes with unpredictable weather conditions that can only hamper your move and your spirits. Meanwhile, a summer move is more expensive, matched with high temperatures that make every task seem much more tedious.

With that said, follow these moving tips to ensure that you lessen any surprises and unwanted costs. Maximize the fall season and make your move as easy as possible.

Sources:

Smart move: 12 tips for moving during the fall, https://dolly.com/blog/smart-move-12-tips-moving-fall/

9 things to remember about moving in the fall, https://www.apartmentguide.com/blog/things-to-remember-about-moving-in-fall/

6 fall moving tips for a stress free move, https://www.firemenmovers.com/6-fall-moving-tips-stress-free-move/

4 reasons autumn is the most flexible time to move, https://www.mymove.com/moving/guides/moving-in-fall/

Moving in the Summer? Here Are Five Handy Tips

Fri, 16 Jul 2021 17:26:39 GMT

Summer is often the season when many people choose to move as they find themselves with more time on their hands. After all, it is convenient to move when there’s no school to worry about and schedules are generally lighter for everyone. However, one of the biggest challenges of moving in the summer is the draining heat that comes with the season.

There are several ways you can free yourself from a sweaty and tiring situation. Here are some moving tips you can follow to have an easier time with your move:

Plan Your Move

Summer is notorious for price increases across all fronts because of how many people move during this season. It’s a busy time for moving companies, and you may have a hard time getting a price you like because of the spike in demand. You can avoid this by scheduling with a moving company at least six weeks ahead of your schedule. It is also advisable to take some time to find the best rates among the movers in your area.

While preparing for the big move, you should also plan the number of boxes and other packing materials you’ll need so you don’t run out. Organize things well and be as detailed as possible. Being specific becomes a blessing once you begin unpacking items in your new home.

Have a Lot of Water Ready

Even with a good ventilation system and air conditioning at the ready, there’s no escaping the heat as you move in and out of your place. Constantly moving around will have you sweating a lot, and you’ll find yourself feeling thirsty more often than not. If you ignore your need for hydration, you could end up drained too soon or worse. Having access to water throughout the move will be a life-saver.

Stock up on water bottles at both your new and old home. It’s also a good idea to offer some water to the movers assisting you.

Start the Move Early in the Morning

Starting early in the morning allows you to beat the heat. Ideally, you want your movers at your home at the first sign of light. It keeps everyone cool for longer, and you can begin moving everything before noon when the heat is at its peak.

Remember to wear lighter clothing. Keep food and water at the ready as you’ll be lifting boxes yourself.

Do It on a Weekday

The weekends have more people going out and about. They’re also busier times for movers, making moving truck rentals expensive. It is especially true when you happen to hit a summer holiday weekend. Traffic in the blazing heat may become irritating. Here are some holiday weekends you should avoid:

Labor Day
Memorial Day
Fourth of July

Be Mindful Of Your Packing

You should separate delicate and sensitive items. Invest in packaging materials by having bubble wrap at the ready or even extra boxes for double boxing your fragile items. The following items can break during the move if you’re not careful:

Electronics
Appliances
Collectibles
Antiques
Tableware
Glass items

Turn on the AC once you reach the new home. Heat can affect some of these items if you’re not careful, damaging or warping them. Once you adjust the temperature, you won’t have to scramble trying to unpack things that have lost their original shape.

Preparation Is Your Friend

Planning and preparing for the move ahead of time will lessen the hassle, save you some money, and even make it an enjoyable experience. Keep everyone hydrated and protected from the sun. By doing any of these moving tips, you lessen the chance of experiencing any setbacks during the move.

Sources:

Tips for moving in summer, https://blog.unpakt.com/tips-for-moving-in-summer/

6 Important tips when moving in the summer, https://www.norhart.com/blog/2020/07/14/6-important-tips-when-moving-in-the-summer/

The do’s and don’t s of moving in the summer, https://www.moving.com/tips/the-dos-and-donts-of-moving-in-the-summer/

The Incredible Pace of the Skagit County Housing Market

Thu, 07 Jan 2021 20:08:22 GMT

With a less than two percent rental vacancy rate and a blazing housing market, Skagit County continues to see low inventory and high competition.

Home prices rose in 2020 throughout western Washington, with some areas achieving record highs. Seattle properties are selling three percent higher than this time last year. In Skagit County, prices increased ten percent since November 2019.

Some people might be surprised at the pace of real estate during a pandemic, but housing is essential. Most of the paperwork can be done remotely.

A few factors contribute to the Skagit County real estate market’s pace, including low interest rates, an increase in remote jobs, and less inventory than demand.

Low Interest Rates

Mortgage rates achieved a historic low when they dropped below three percent in 2020. In the 30 years, FreddieMac has tracked mortgage rates, and this is the first time they’ve been under three percent. Exact percentages vary with lenders and programs, but the Fed’s 15-year rate is 2.37 percent .

On a $400,000 home, a one percent interest rate increase costs $477 a month. Lower interest rates help buyers afford bigger and more expensive homes than they could at higher rates.

City Dwellers Continue to Move North

Washington boasts natural beauty up and down the coastline, but Skagit County offers a charming community in a picturesque setting known for blue herons and bald eagles.

Residents have a short drive to Seattle or the Canadian border. Cafes, restaurants, galleries, and shops serve the local community. It’s an easy drive to outdoor activities, from hiking, boating, and kayaking in the summer to skiing in the winter. For many, it’s an ideal location.

As more of the workforce is remote, people are looking for a higher quality of life , and some find it in Skagit County. Compared to an average Seattle home price of over $800,000, the median list price in Skagit County of $430,000 is attractive to buyers.

Demand Outstrips Inventory

Because there are fewer for buyers to choose from, homes are selling faster and for more money. Across western Washington, the number of days on the market before a property sells is down from this time last year.

D emand drives this seller’s market. Fewer people are choosing to sell their homes, and buyers are competing for the available properties for sale.

Inventory has been dwindling all year. In Skagit County in September of 2019, there were about twice as many homes for sale (400) as sold (200). In September of this year, more homes sold (213) than remained on the market (199).

Interest Rates and Inventory Drive Sales

With record-low interest rates and more buyers than houses for sale, the 2021 real estate market is starting strong. Sellers who price and market their property well are likely to receive multiple offers.

Buyers will need to compete for available property. However, with steady effort, there are opportunities available in every market.

If you have questions about buying , selling, or leasing your property, give our experts a call .

Low rental vacancy rate in Skagit County

Thu, 24 Dec 2020 23:44:27 GMT

Rentals are hard to find in many neighborhoods, from Anacortes to Mount Vernon to Sedro Woolley. If you’ve been looking and find it challenging, it’s not just you!

People are staying put, and competition is high for available units. Skagit County vacancy rates are rock-bottom, even when compared to the rest of Washington. They have been below two percent since 2018, which is considered an acute shortage of rentals . The average for the state is about five percent.

Holding Steady Through COVID

Vacancy numbers continued to drop during the pandemic, which did impact real estate in other areas. In parts of Seattle, vacancy rates increased and rents decreased in 2020. Some residents chose to relocate to less populated settings or bunk with family for the pandemic, particularly if they can work remotely. Most are predicted to return as businesses reopen.

Outside of Seattle, both to the north and south, including in Skagit County, vacancy rates have stayed low, and rents are steady or slowly increasing .

While low vacancy rates can be good news for property owners, people looking to rent a Skagit County home, condo, or apartment find few choices.

The Extension of the Eviction Freeze Should Have Little Impact

The pandemic has created unusual conditions in the rental market. Since March, an eviction freeze has protected people whose jobs and livelihood were impacted by COVID. Both state and federal protections were scheduled to expire at the end of the year, but have been extended through March 2021.

In the new year, landlords and affected renters are encouraged to negotiate a repayment plan where possible. In Washington, the largest counties will require mediation before allowing evictions to proceed (not Skagit County). The goal is to keep people in their homes and back on track.

Some people will need to relocate when the eviction freeze expires. However, since the vacancy rate is so extremely low and demand is high, any new inventory over 2021 is expected to be absorbed quickly.

Creative Ways to Find Rentals

Homebuyers, investors, and renters all face competition in finding the right home in their desired location. For Skagit County renters looking for a new place, this may mean taking a creative approach. Here are four ways to find rentals in a competitive market.

Contact Property Managers

At Preview Property Management, we lease homes, apartment buildings, and commercial properties across the valley. You can browse our current rental listings online or call the office to find out more.

Drive Target Neighborhoods

Some owners lease their properties. In a hot rental market, they may not bother to advertise in the paper or online. Instead, they grab their For Rent sign and put it up in the window.

To find these opportunities, regularly monitor your target neighborhoods. If you meet friendly neighbors, let them know you are looking.

Ask for Referrals

In our busy lives, we cannot cover every mile of territory, so getting a team of people on your side is helpful. Let people in your life know you are looking for a place to rent and that you would love to know if they see anything. Tell them in person, share on social media, and use any format to help mobilize your team.

When you view a rental that will not work for you, ask the owner or property manager if they have anything or will have anything that fits your criteria. It’s always worth asking!

Contact Airbnb Owners

Under normal circumstances, a well-location vacation rental listed on Airbnb, Vrbo, or Homeaway would be reserved for intermittent dates and not available for a monthly lease.

With the pandemic conditions, some vacation rentals are resting empty. Owners may be more amenable than usual to a six-month lease at a lower rate. That can be a win for the renter or homebuyer who needs something quickly and a win for the vacation rental owner who receives an income guarantee.

Skagit County is a Great Place to Live

A fertile valley between the coastline and the Cascade mountains, Skagit County’s natural beauty, and picturesque town centers are hard to beat. As people are willing to commute longer distances or work remotely, Skagit County will likely continue to attract new residents.

The trade-off of a competitive real estate market is a great place to live. If you have questions about buying, selling, or renting a property in Skagit County, please give us a call .

Pandemic-Era Home Sales Higher than Same Period Last Year

Tue, 20 Oct 2020 19:00:02 GMT

Demand for homes is outstripping supply in Skagit County and surrounding areas. Sales closing values exceeded last year’s, although fewer total homes changed hands. For most homes, the selling price remained very close to the initial asking price.

Even with added COVID-19 precautions, homebuyers are taking advantage of historically affordable interest rates. Lower density areas like Anacortes and Skagit County continue to see an influx from the Seattle and Portland metropolitan areas.

Buyers appreciate the larger lots and higher quality of life available in Skagit County. Beyond the ocean, forests, and parks, people are attracted to the sense of community.

Low Supply and High Demand in Housing Sales

Competition among buyers for homes is robust. Realtor.com reports the median sales price for homes in Skagit County for July 2020 was $390,000. That is almost 14 percent higher than in July of 2019.

To apply that number to your Skagit County home, the median listing price per square foot was $245. Most properties sell in less than two months.

Skagit County's median sales price is higher than the United States average , which is about $324,000, with the number of homes sold up over seven percent.

Almost thirty percent of listed homes attract multiple offers and sell for more than the listing price. Only 13 percent of homes drop their price before selling, which is down from last year.

The Skagit County Rental Market

With vacancy rates around one percent, rentals are in demand. Some renters find themselves paying more than they had intended, or rooming with friends or family for a short period while they find the right place to rent. COVID-19 and related precautions can make these arrangements more difficult.

The discussion of how to best increase affordable housing options in a way that maintains the character of Skagit County continues. In the meantime, prospective renters are encouraged to be consistent and proactive in their approach. Excellent new rental options become available every month.

6 Reasons to Rent a Home Rather than Buy

Tue, 06 Oct 2020 19:40:45 GMT

Historically, real estate is an outstanding investment. Over time, buying and holding property can multiply a person's net worth by several times. During a sharp upswing in real estate prices, investors can gain more equity than they earned at their profession that year. However, for all of its advantages, there are circumstances in which it is smarter to rent than to buy.

Here are six compelling reasons you may want to rent a home.

1. Target a School District

Parents with school-age kids may want the best public schools in the area. To- rated schools are often in higher-priced areas.

U sually, it is less per month to rent in a neighborhood than to purchase that same property. If a family cannot yet afford to buy in their target school district, they may choose to rent instead.

2. Maintain Flexibility

Long-term real estate is a tried-and-true investment. Buying and selling too quickly can be costly. If the market is relatively flat or declining, the transaction fees and interest payments can leave you with less cash for a down payment than before.

Buyers who are trying out an area gain a great deal of flexibility by renting. Renting gives them time to get to know the neighborhoods, explore the community, and enjoy some stability in their jobs before finding the right house to purchase.

Some people buy a house or condominium to live in short-term but keep it as a rental after moving. They either manage it themselves or enlist the care of a property manager.

3. Maintenance Done for You

As a homeowner, if the roof leaks or an appliance dies, you are responsible for fixing or replacing it. When you rent, the property owner or manager takes care of the upkeep. They hire contractors and pay for the repairs.

A reasonable annual budget for maintenance and repairs when you own is one to three percent of the purchase price. On a $300,000 home, that is $3000 to $9000 per year on top of mortgage, taxes, and insurance. A homeowner with the same monthly payment as a renter will pay several hundred or thousands a month to maintain property ownership.

A s a renter, you are responsible for your monthly rent payment and utilities. Renters insurance is less per month than homeowner's insurance.

4. Lower Entry Costs

Buying a property requires both a down payment and a financial reserve. Even with a first-time buyer's five percent down loan, the money needed to purchase a $300,000 property would be $15,000, closing costs, loan fees, and three months of a reserve to cover loan payments.

T he security deposit for a rental is often one to two month's rent or less. For a $1000 monthly rental, the money needed to move-in would be the first month's rent plus security deposit, or $2000 to $3000.

5. Improve Credit Rating to Buy

A buyer may have adequate down payment, but a low credit score limits their lending options.

Over the life of a large loan, a few interest rate points can translate into hundreds of thousands of dollars. It can be strategic to improve your credit score before proceeding with a purchase.

Rental owners care about your credit score, but cash savings and a stable job reassure them about your reliability. Explain your goals and outline your plan.

6. Share with Roommates

If an unmarried couple or group of friends wants to live together, renting can mean less hassle and expense. People live together for the company, to build a relationship, to save money, or to afford a more luxurious property than they could on their own.

Friends who buy a home together may conflict about settling their shares when one or two want to relocate. If one person owns the property and rents to the others, it can change or strain the relationship as the property owner is ultimately responsible, and his or her friends are renters.

S haring a rental is more flexible and less responsibility.

Timing Makes a Difference

Many people dream of homeownership. It can be both a day-to-day comfort and an investment in long-term financial security. However, buying in the wrong place, at the wrong time, or for ill-conceived reasons can be unnecessarily expensive.

R enting offers flexibility, lower entry costs, and less responsibility. It may give you access to the location of your dreams or give your kids a better education. The wisest choice is the one that supports your circumstances, goals, and family.

7 Reasons to Hire a Property Manager

Tue, 22 Sep 2020 19:45:04 GMT

Whether you lease out your old house or accumulated a block of properties, you have likely discovered that property management comes with surprises and challenges.

At first glance, it may seem like the do-it-yourself approach will deliver the best return. For a handy person with a fair amount of time and a few properties, this can be true. However, for most owners hiring an experienced property manager can pay for itself in several ways. Here are seven reasons to hire a property manager.

1. Well-Screened Tenants

A quality tenant pays like clockwork, stays for an extended time, and causes minimal wear-and-tear during their stay.

As a managing owner, you can run credit and background checks, verify employment and check each applicant's references. However, a property manager sees hundreds of applicants every month and can catch red flags homeowners can miss.

A t Preview Rentals, we maintain a database of interested tenants and advertise your property listing channels both online and offline. The more applicants we have, the more likely we are to get a highly qualified and reliable candidate.

2. Avoid Emergency Interruptions

Every property owner has experienced an emergency call from a frantic tenant, either just as you sit down to dinner or right after you've gone to bed. Some problems cannot wait until morning.

Occasionally there are conflicts among tenants, or between tenants in your property and the neighbors. Even though you are not causing the conflict, your property and relationships can be damaged. You may find yourself uncomfortably in the middle.

A property manager has systems in place to address emergencies, no matter when they arise. We are familiar with tenant and property laws and can address conflicts.

3. Get Market Rent

Sometimes it is hard for a long-time owner to believe the rent they can charge for their home or apartment. Market rents tend to rise over time, and property managers stay abreast of the rise.

Y ou can get a lot of good rental information by looking through the classifieds, but small differences in location, condition, yard size, appliances, amenities, school district, or something else can make notable differences in the price. You may be leaving money on the table without realizing, or trying to overcharge and missing out on financially savvy applicants.

4. Dedicated Marketing Services

Are you getting the maximum reach with your rental ads?

From a renter's point of view, the best opportunity is an owner-operator who puts a sign in the window and doesn't advertise anywhere else. Why? Fewer renters are competing to apply and possible under-market rent.

The owner, on the other hand, should want his lease listing seen by as many people as possible. This puts him or her in a position to screen applicants carefully and pick a stable candidate.

Many owners don't bother with this step because they are happy to get the place rented and see marketing, answering calls, showing the property, and screening applicants as a hassle.

A property management team's dedicated marketing services make your rental easy for seekers to find online and offline.

5. Experienced Maintenance Team

Maintenance can be time-consuming and costly, but doing it well can save a property owner tens of thousands of dollars. Problems that are caught and handled early cost less than repairs done after the damage has accelerated or spread.

A professional property manager has a database of carefully screened maintenance experts who they know well and work with regularly. We can also help you set up a regular maintenance schedule designed to minimize serious damage.

6. Direct Deposit of Rents & Online Portal

A property manager collects the rents for you and deposits the net directly into your account. You have access to all income and expense data in real-time through an online portal.

One of the biggest headaches as a property owner can start when a tenant fails to pay. The longer you wait to respond with the correct paperwork, the longer an eviction process will take. Tenants can stay for months without paying if they were not given legal notice.

I n the case of non-payment, your property manager will automatically begin the required notification process. The tenant has time after the first notice to pay their rent and stay in the property. However, in the rare case an eviction is necessary, it proceeds in a timely manner.

7. Professional Move-In and Move-Out Procedures

In addition to regular inspections, a property management company provides a thorough move-in and move-out inspection process. Setting clear rules and expectations at the start helps us stay ahead of common tenant questions and issues.

W hen a tenant moves out, we use the detailed move-in checklist signed at the start of the lease to assess any damage or deductions. We return the old tenant's deposit, refresh, rekey, and prepare the property, market it, find you a new great tenant, qualify them, and take care of their maintenance needs during their stay – all as efficiently as possible.

Get Your Life Back

A property management company relieves the hassle of property ownership. Our expertise and economies of scale can increase your net, even considering management fees.

A property manager takes the weight of day-to-day operations off your shoulders. You can take a vacation without worry, or relax on Sunday morning assured there will be no frantic call.

Cutting-edge property management software and our online portal mean you can see a snapshot of how your property is doing anytime, and from anywhere in the world.

Contact our office today to find out what Preview Rentals can do for you.

What Renters Need to Know as Washington Reopens

Tue, 14 Jul 2020 19:30:29 GMT

Whatcom and Skagit Counties are officially in Phase 2 of reopening! Businesses and individuals across the northwest are adapting as life changes once again.

At Preview Rentals, our community's health and safety remain our top priority. We are carefully minimizing risk to our employees and clients by following the Governor's workplace and job site guidelines.

Phase 2 is a Gradual Opening

As we all work together to reopen the economy, high-risk populations are still encouraged to stay home and stay healthy.

Small gatherings of five and fewer people are permitted. Outdoor recreation areas are opening. Salons, restaurants, construction, and retail are all ramping up at 50 percent capacity and following clear safety procedures.

If you are a renter with Preview Rentals and your apartment requires repairs, our technicians are educated in COVID-19 prevention and practice safety protocols including:

· Handwashing with soap often and for at least 20 seconds.

· Regular use of an alcohol-based hand sanitizer when soap and water are not available.

· Maintaining social distancing of six feet.

· Use of personal protective equipment, like masks and gloves.

· Disinfecting frequently touched surfaces.

· Follow guidelines set by the CDC to deep clean and sanitize .

Y ou can rely on our team for professional service.

Eviction Moratorium Extended through August 1.

For individuals severely impacted by the COVID-19 pandemic, the Governor extended the moratorium for most evictions through August 1. It is important for affected renters to understand this is not a rent forgiveness program.

If you know someone who has been unable to pay their rent during this period, encourage them to proactively develop a pre-payment plan with their property manager before the moratorium expires. Doing this will protect their rental rights and credit score moving forward.

Let Us Know How Preview Rentals Can Help

Now is a good time to call our office to schedule service – particularly if you've been putting off repairs inside your apartment. Our office adheres to the safety protocols for construction outlined by the Governor.

These have been strange and uncertain times for everyone. At Preview Rentals, we want to say thanks for renting through us! As one of our clients, we strive to make your rental life as smooth as possible.

preview_property_management

The Growing Need for Professional Property Management

Why Is Property Management More Important Than Ever?

Why Choose Preview Rentals?

Partner with Preview Rentals Today

Spring Moving Tips

Plan Ahead

Prepare for Unpredictable Weather

Protect Yourself Against Pollen

Purge Before Moving

Pause and Take Breaks

Skagit Kid Insider: Your Guide to Local Events for Families and Kids

Special and Seasonal Events

Guides

All You Need in One Place

End of the Eviction Moratorium

Statewide Does Not Mean Nationwide

The Renter's Struggle

The Effects

Normal or Not?

Helpful Tips When Moving to Skagit County In Winter

Apartment Location

Rental Fee

Apartment Necessities

Amenities

Environment

More Questions? Call Preview Rentals

Tips for Moving During the Fall Season

Clear Your Pathways

Move Your Utilities in Advance

Know When School Starts

Consider Your Moving Options

Start the Move Early in the Day

Fall Provides Many Advantages

Moving in the Summer? Here Are Five Handy Tips

Plan Your Move

Have a Lot of Water Ready

Start the Move Early in the Morning

Do It on a Weekday

Be Mindful Of Your Packing

Preparation Is Your Friend

The Incredible Pace of the Skagit County Housing Market

Low Interest Rates

City Dwellers Continue to Move North

Demand Outstrips Inventory ﻿

Interest Rates and Inventory Drive Sales ﻿

Low rental vacancy rate in Skagit County

Holding Steady Through COVID

The Extension of the Eviction Freeze Should Have Little Impact

Creative Ways to Find Rentals

Contact Property Managers

Drive Target Neighborhoods

Ask for Referrals

Contact Airbnb Owners

Skagit County is a Great Place to Live

Pandemic-Era Home Sales Higher than Same Period Last Year

Low Supply and High Demand in Housing Sales

The Skagit County Rental Market

6 Reasons to Rent a Home Rather than Buy

1. Target a School District

2. Maintain Flexibility

3. Maintenance Done for You

4. Lower Entry Costs

5. Improve Credit Rating to Buy

6. Share with Roommates

Timing Makes a Difference

7 Reasons to Hire a Property Manager

1. Well-Screened Tenants

2. Avoid Emergency Interruptions

3. Get Market Rent

4. Dedicated Marketing Services

5. Experienced Maintenance Team

6. Direct Deposit of Rents & Online Portal

7. Professional Move-In and Move-Out Procedures

Get Your Life Back

What Renters Need to Know as Washington Reopens

Phase 2 is a Gradual Opening

Eviction Moratorium Extended through August 1.

Let Us Know How Preview Rentals Can Help

Demand Outstrips Inventory

Interest Rates and Inventory Drive Sales