Are you leaving the area, but not yet ready to sell your property?
Are you an owner who wants to keep a rental after the purchase of a new home?
Perhaps you’ve found a great investment property that you would like to rent or lease?
Our standard management agreement includes emergency service consent as well as authorization of non-emergency repairs up to $350 dollars. For non-emergency repairs estimated to exceed this threshold, no work is initiated without your approval. However, we need to keep in mind that WA State Landlord Tenant Law provides us with specific timelines on repairs being done, so time is of the essence when dealing with repairs at your property.
A Professional Property Manager Does!
Yes, we have a licensed Real Estate Broker in the office. There is no specific Property Management License in Washington, but professional property managers must have a WA state real estate license in order to manage property for multiple owners.
When a tenant reports a repair or we discover a repair need during an inspection we first determine the possible cause. From there we determine which party is responsible. If damage was caused by the tenant then they will be billed for the cost to repair automatically. If there is a repair need due to normal wear and tear then we will coordinate the repair and pay for it out of the owners account. The owner Portal will have copies of all paid invoices for any given owner.
If you are not currently under contract with another property management or real estate company, we can begin right away. If you are currently under contract, you will need to terminate their services according to your agreement with them. We are happy to pick up keys, obtain the security deposits and necessary documents from the discontinued company, or we can do it for you if you so choose. If not, once you have completed all necessary forms and returned those to us, we will get started.
Tenant screening is done by a company named Alliance 2020, out of Renton. They do a thorough credit check, national background check, and employment and residence verification for every adult who will be living in the house. Their report on the applicant is used to make our final decision.
WC utilizes a large network of licensed and bonded local contractors, most of which have been doing work for us for many years. We are experts in finding you a competitive bid for the job, and all of our third party vendors strive for the highest level of professionalism and quality.
At the beginning of each new tenancy, a several page move-in inspection is completed which provides White Clover Properties and tenants with a detailed summary of the condition of your home. Throughout the tenancy our team will conduct general exterior inspections. Upon vacating, the same initial report is used to record the condition that the property was left in. Any discrepancies that do not fall under normal wear and tear are rectified at the tenants’ expense.
Answering this question is like trying to predict the stock market. We’ve seen the same home rent in several days during one vacancy and then take several weeks during the next. Many factors come into play including location, time of year, price, quality of the applicants, and just being in the right place at the right time. We hate vacant properties but have found that patience wins out over panic every time. Finding a tenant is easy but finding the right tenant is an exercise in persistence and sticking to sound principles.
There are many good property management firms (just as there are many bad ones) and we’re not necessarily recommending that you change. However, if you have differences in personality, investment philosophy, or performance expectations with your current property manager you may want to consider a switch. If this is uncomfortable or just a hassle; White Clover Properties can handle the whole process for you.
Our primary focus is managing residential property. In the event you have made the decision to sell, we have strategic partnerships with local real estate agents and will refer one to you. Please email, fax or call us for further information.
Federal, state, and local Fair Housing regulations classify children under the protective class of “familial status”. It is unlawful to discriminate against children in any way.
Depending on your personal tax situation, the cost of property management services can be deductible, just like your mortgage interest, property taxes and the cost of repairs.
(See your tax advisor for details.)
Statistics indicate that 75% of renters own pets. Restricting pets reduces the number of available, qualified tenants. Pets will be screened and pet references checked out. In general, a well behaved cat or dog causes little wear and tear on a home and yard. An additional pet deposit is always required for cleaning/misc costs.
Our Property Management service area includes King County, Snohomish County, and Pierce County. We do not generally go past these boundaries as we have found it too far to go to efficiently manage your property.
We have found that the better a property shows the faster we can rent it. Paint should be in good shape with any marred areas or large nail holes repaired and touched up. Carpets need to be professionally cleaned, appliances need to be in good working order, and a thorough professional deep cleaning gets the property ready to show. Septic tanks should have been pumped within the last year, and all chimneys need to have been cleaned and inspected within the last year. We have a network of people who can help you out with any of these things if you need.
We follow a strict procedure which includes legal notice of contract breach, personal contact with the tenant in an effort to work things out and ultimately a court hearing, judgment and eviction if necessary. We take all steps possible to resolve any rent payment issues without legal action. If it becomes clear that the tenant is unable or unwilling to pay any more rent, you will be notified to discuss options for removing them from your property.
All security deposits are placed in a separate trust account at a FDIC insured banking institution where they remain until the tenant moves out. Deposits minus any damage noted are refunded within 14 days of the end of the tenancy as required by Washington State Landlord Tenant Law.
Most rental agreements are set for a one year term. At the end of the lease term the owner can decide to renew to the tenant (if the tenant wishes to remain), vacate the tenant, or allow the tenant to remain on a month-to-month term.
White Clover charges between 50% and 100% of one full month’s rent if we are placing the tenant, and then 10% of one full month’s rent every month thereon. If the property already has tenants, then there is no placement fee charged. We pay for everything upfront – advertising, marketing, showings, paperwork – you pay nothing until the property is rented.
White Clover is a full service property management company. We handle everything pertaining to your rental property. We assess rent amounts, we coordinate repairs, place ads, meet and screen prospective tenants, place a tenant in the home, provide a monthly statement and surplus check to the owner, annual tax statements and maintenance inspections. We also provide emergency repair service and internet advertising including interior and exterior pictures of your rental home.
We specialize in residential homes and multi-family housing throughout The Greater Puget Sound Region.
Rents are due in our office on the first of each month. Our leases specify that if rent is not received by the fifth of the month, a late fee is assessed. In order to avoid violating trust accounting laws, we need to wait until rent checks clear before we can send payment to you.
Owner disbursement checks are mailed or deposited on or before the 15th of the month. We post owner statements to the Owner Portals that day as well. You will receive an email with a copy of your statement, as well as any paid invoices.
White Clover Properties collects all rental payments from tenants, and then uses these funds to manage the monthly operations of your property. Any residual income remaining is dispersed to your account.
We can make any or all recurring payments for you such as your HOA fee, lawn maintenance contract, pest control contract, etc. During a vacancy we will pay utility bills. However, we do not make mortgage or insurance payments.
The Benefits of Hiring a Professional Property Manager:
You don’t have to worry about the property or be shocked by its condition when you hire a Professional Property Manager. Professional Property Managers are dedicated to selecting quality tenants and keeping your investment in good repair with minimal cost. We want your real estate investment to be a success, not a failure. One last benefit – your leasing and management fees are usually a tax deduction.
No. As a full service management firm White Clover handles all communications concerning your property. In the event that someone tracks you down – refer them to us and we’ll take it from there.
No. That is unless your neighbor, brother or friend is licensed, bonded and insured in the State of Washington. The potential for liability is just too large for us to consider, and honestly, what would you prefer? To pay a few bucks more to get a job done by a professional, who is insured in case he inadvertently burns down the house, or to get sued by a tenant because their jewelry went missing when your brother happened to be at the house – regardless of whether he took it or not – do you want that liability?