Property Manager in south King County / Federal Way?

Question

Does anyone have recommendations for good property managers in the Federal Way area?

Has anyone ever used Renter's Warehouse (renterswarehouse.com)?

Ruth Bayang · Answer

@Alex Chin, @Ben Lukes, I have an accountant (local) who is also a real estate investor, so he understands your needs. Also very happy with my property management company in Tacoma.PM me if you want the names, contact info.Hi @Enrique Jevons, @Troy Fisher :)

Enrique Jevons · Answer

For Quickbooks:  Set up each tenant as a "Customer" and each owner as a "Vendor".  Enable and use "Classes".  One class for each property.   Use an IRS Schedule E Form as a guideline for a Chart of Accounts.  If you match up your Chart of Accounts to the exact same Income and Expense names that the IRS uses, it will make filing your tax return much cleaner and easier.

Ben Lukes · Answer

Tom G. Thanks for the recommendation Tom.  I'll definitely give them a call if my offer goes through.

Ben Lukes · Answer

@Enrique Jevons I missed your response 4 months ago...this is very helpful, thank you!

Ben Lukes · Answer

@Enrique Jevons I'd love advice and setting up Quickbooks...a sample COA would be really helpful.  I imagine when working with an accountant I would do the actual bookkeeping and they would do the true accounting.

By the way, if any of your owners are looking to off-load a 2-4 unit property I am all ears.

Ben Lukes · Answer

@Troy Fisher I'm guessing you must be referring to yourself for the home inspector?  Do you inspect small multifamily properties?  What would an inspection for a quadraplex run?

Are you going to manage the Spokane property yourself?

Tom G. · Answer

Integrity Property Management. They manage 70 doors for me and I'm at 100% occupancy, I'm very satisfied after trying a couple other companies that did not work out

Alex Chin · Answer

Hello @Ben Lukes. I am actively searching for an accountant myself, so I'll have to join the club there.

As for the other issues, I self-manage my Tacoma property, and have used Tim Pierick to take a look at a few small-multifamily units.

Enrique Jevons · Answer

Hello Ben,

I'm sorry I don't go as far south as Federal Way, but I would be able to help you out with the accounting portion.  I'd be happy to answer any questions or simply give some advice on setting up Quickbooks, AppFolio, etc.  I currently manage over 620 units in both King County and Yakima County.

Troy Fisher · Answer

@Enrique Jevons is a Pretty Awesome Property Manager, I'm not sure he is down in Federal Way.

I don't invest locally but local accountants is a topic that is asked frequently at some of the meetups that I host, maybe some of our Buy and Hold people like @Alex Chin, or @Albert Bui, or @Jiri Vetyska might have some suggestions?

Also, I know an inspector.

Property Manager in south King County / Federal Way?

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