We Take Care of Everything
From structural integrity to attractive landscaping, effective apartment management requires an eye for details as well as a strong sense of the “big picture.” Davis Property management handles it all, implementing industry best practices to enhance the value of properties while also assuring the safety and well-being of tenants.
Marketing & Leasing
Trust DPM to boost your success with inclusive sales and marketing analyses.
- Marketing Plans
- Marketing Surveys
- Sales and Marketing Campaigns
- Comprehensive Tenant Vetting
- Complete Leasing Service
When it comes to property management, DPM handles everything, all day, every day.
- Upkeep and Repairs
- Unit Inspections
- Offsite Management
- Onsite Management
- Individualized Maintenance Plans
- Rent Collection Services
DPM implements efficient practices that boost revenues and property values.
- Continuous Site Analysis
- Identification of Needed Property Improvements
- Market Rent Analysis
- Property Reporting
- Property Bill Payment Services
Davis Property Management’s decades of industry experience means out clients benefit from our highly efficient, individualized services that take into account each client’s needs. That means we work with you to create a plan that not only meets your needs, but also fits your budget.
We guide you through the rental and marketing process. With an aim to engage a great tenant and obtain the highest possible monthly rental payment, we use a variety of tools, including property analysis and artfully crafted marketing. A fiscally responsible yet thorough maintenance program creates a more attractive complex, and a well-run, optimally maintained and regularly updated building also means you retain more tenants for a longer period.
At the same time, we provide the knowledge and expertise needed to keep a building updated. We consider not only federal, state and local laws and code requirements, but also superior occupant amenities and efficient common area design. We even take into account a building’s exterior and landscaping. Our property audits and inspections identify all types of outstanding issues to keep you in compliance, fixing problems before they become a bigger issue. This leads to better appreciation of the property’s value as well as better revenue by avoiding fees or fines.
We value our clients, and see them as our partners in achieving success. We keep you in the loop with regular communications covering all aspects of your property’s condition and finances. We work with you to create the exact property management plan you need, and allow you to set limits on how involved (or detached) you want to be in running a complex.
Our reputation proves that we provide you with the ultimate in property management services. In Seattle, Bellevue, or beyond, we have the services you need to run a successful apartment complex.
Improvements and Inspections
Davis Property Management provides professional, comprehensive inspections that keep a property in top condition. Our inspections evaluate current conditions and identify ways to improve and enhance any unit or building. Because a thorough inspection reveals so much important information, we always complete initial inspections within 60 days of taking on management of your property. We let you know our findings and help determine the plan of action that will lead to higher revenues and property value appreciation.
When it comes to renovations and repairs, the DPM process includes:
- Comprehensive inspection and evaluation
- In-depth analysis of the most efficient, practical and economical approaches
- Through comparisons of cost outlays against potential value increases
- Oversight of contractor and vendor selection
We pride ourselves on providing clear communication of project progress on a regular basis to our clients.
Accurate and Reliable Rent Value Analysis
Ask for too much in monthly rent and you will not attract potential tenants. Ask for too little, and you will rob yourself of revenue. Davis Property Management regularly undertakes sophisticated and comprehensive rental analyses to determine optimal rents that provide owners with dependable revenue and attract a great pool of applicants.
Property Marketing Analysis
Rather than throwing money at random marketing ideas, Davis Property Management first works with owners to discern their expectations and desires, helping them take achieve a realistic and profitable goal. Our marketing starts by creating a profile of the model tenant for the property.
From there, we consider the best platforms for marketing the property to potential tenants. Our team creates the right advertising placed in the proper locations to reach the best possible tenants. We use numerous marketing opportunities, such as:
- The Davis Property Management website
- Craig’s List
- The Multi Listing Service (MLS)
- Chamber of Commerce membership
- On-site marketing of available units
Our methods draw in interested parties and we carry through by thoroughly vetting every applicant using a professional screening service that takes into account many different factors from criminal history to credit ratings.
Fully Optimized Property Web Pages
Today’s consumer heavily relies on the internet for many things, including apartment searches. Davis Property Management creates an individualized, eye catching property web page within our own website that fills rental vacancies quickly and provides a wealth of information to potential tenants:
- Square footage
- Floor plans
- Description of common areas
- Community amenities
- Unit descriptions.
Comprehensive Tenant Screening
A bad tenant easily becomes a property owner’s worst nightmare. Taking the right steps at the beginning of the rental process prevents future headaches by ensuring that only well-qualified applicants enter into leases. At Davis Property Management, we take vetting potential tenants seriously. We go beyond a cursory credit check by also looking into applicants’ rental and work histories, criminal background records and personal references.
Signing a lease with a new tenant should be the beginning of a great working relationship. We provide the tools that make this possible by finding highly qualified tenants who will treat your property as their home. Our services help foster those relationships. The result is a lower turnover rate and retaining renters who remain invested in keeping their unit in great condition.
Security Deposit Services
No matter how great a renter looks on paper, property owners must protect their interests with security deposits for every leased property. Should a unit be damaged during a tenant’s residency, security deposits cover repair costs. We not only handle the security deposit process; we also help determine a suitable deposit amount.
Davis Property Management understands the importance of properly handling security deposits. We collect refundable and non-refundable deposits at the time of signing a lease, and ensure the renter understands the nature and purpose of the deposits. We place refundable deposits into a designated trust account ensuring full accountability for funds.
In accordance with state law, we distribute refundable security deposits within 14 days of a tenant vacating a property, less any charges for property damage. We offer inspection services for thorough review of the condition of the unit, done with the tenant present. If needed, we retain a portion of the deposit necessary to repair any damages caused by the tenant, and provide documentation of damages to avoid disputes. In cases where the costs of repairing property damages exceeds the security deposit, Davis Property Management gives former tenants 30 days to pay the balance, after which we refer the matter to a collection agency.
Managing Tenant Moves
Managing a multiunit building requires a standardized process for handling the arrival of new tenants as well as overseeing the departure of renters. We provide every tenant with clear instructions on the move-in and move-out processes. The mainstay of our system is the Davis Property Management Inspection Sheet, which is used in conjunction with the thorough, in-depth inspection undertaken with every arriving tenant and departing tenant. Keeping tenants involved in the complete process reduces future disputes over un-refunded security money.
Rent and Fee Payments
Rents are the core of investment property ownership. That is why Davis Property Management developed efficient payment systems that work for both owners and renters. We require rent payments by the fifth of the month and promptly deposit the money in a bank (within the next business day).
Delinquent payments are handled professionally. Any notices regarding unpaid rent are handled according to the lease for the property, as are cases of checks “bouncing” due to nonsufficient funds. We understand the importance of collecting rent in a timely manner, and keep you fully informed of delinquencies, as well as any resulting legal actions.
Making a profit requires precise and dependable accounting. Our accurate and understandable client reports convey a true picture of cash flow, revenues and expenditures.
Davis Property Management utilizes a state of the art computerized accounting system that deftly manages information. This means we can immediately provide timely and reliable data on any property for any time interval. Because we want to keep you fully apprised of the properties you own, every month, we provide a detailed property statement that includes profits and losses for the month and the year to date. Receiving regular reports helps you better understand issues requiring attention and enables us to work in partnership with you.
Preventive Maintenance and Repairs
Davis Property Management recognizes that maintenance work can be costly, diminish rental fees, and negatively affect tenants if it is not approached in a timely and conservative manner. Davis Property Management has the expertise needed to recognize maintenance issues and the experience needed to handle the tenants impacted by the problem and/or required repairs. Furthermore, we understand the need to evaluate each problem individually, looking for the solution that achieves the greatest payout for the least expenditure, and always consult with owners about the best approaches.
From major renovations to smaller quick fixes, we manage costs by repairing things correctly the first time, using our network of professional contractors as well as our own maintenance staff. Our longstanding relationships with many quality repair providers mean we receive a substantial discount (up to 25 percent) on normal rates. The result is the paragon of maintenance services at the best available price.
We take pride in the enduring relationships we establish with our clients. We understand that saving money and increasing revenues is a big matter when it comes to managing a property, but we never discount the importance of communicating with our clients. Call us today, and get started on a new path to profitable rental properties.