Key Takeaways
- Renting out your Seattle home can bring in steady income, property appreciation, and tax benefits.
- Success starts with knowing the right rental rate, finding qualified tenants, and following landlord-tenant laws.
- Preparing your property with updates, cleaning, and solid marketing helps attract the right residents.
- A property manager like Keyrenter West Seattle can handle everything from leasing to compliance, making ownership more rewarding.
If you are looking to relocate to another city or state, you may want to consider renting out your old home! Renting it out can provide you with a myriad of benefits. From an extra income source, to continued property appreciation, to tax deduction opportunities, and everything in between.
But here is the thing: renting out your Seattle rental property may not be easy. In fact, it may become more trouble than it’s worth. More so, if you fail to make certain considerations. Luckily for you, this blog from Keyrenter West Seattle goes through everything you need to succeed as a landlord in Seattle, WA.
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Ask Yourself Some Important Questions
Don’t go into the world of landlording blind! That can be a recipe for disaster. So, to know what is involved, ask yourself the following questions.
- How am I going to determine the right rental rate?
- What will I do to find responsible tenants for my rental property?
- How will I respond to repairs, including emergencies?
- How will I draft a rental agreement?
- Am I familiar with state and local landlord-tenant laws?
Luckily for you, you don’t have to be an experienced landlord to enjoy the benefits of renting out a property. You can outsource the management to a professional property manager.
A good manager will help handle everything for you, from marketing to screening prospective tenants to determining the perfect rental rate and everything in between.
Familiarize Yourself with Washington Landlord-Tenant Laws
Being a landlord comes with a smorgasbord of legal responsibilities. So, if you’re going to manage the property yourself, the following are some of the laws you’ll want to have at your fingertips.
- Habitability law. This requires landlords to rent out habitable homes. Among other things, the home should be pest-free, mold-free, and have working electrical and plumbing facilities.
- Security deposit rules. Landlords who collect security deposits are required to observe certain rules. For example, in Washington, landlords must return security deposits within 30 days of the tenant moving out. If you fail to do so, you may be liable to certain penalties.
- Fair housing laws. This requires landlords to treat residents fairly regardless of certain protected classes. Some of the protected classes include age, marital status, sex, color, race, and nationality.
- Eviction laws. You can only evict a resident in Washington if they have committed a lease violation. For instance, failed to pay rent or violated the lease. You must then proceed with the eviction process following the state’s step-by-step process.
Again, if you’re not intending to manage the property yourself, you can leave such responsibilities to the property manager.
Prepare the Home for Residents
Please note that you can only rent out a habitable home to residents. As such, have the home thoroughly inspected before you begin marketing it for rent. Otherwise, if you rent an uninhabitable home, you may be liable to significant penalties for code violation should the tenant report you to the relevant authorities.
You can prepare the home for occupation by prospective residents by doing the following.
- Thoroughly clean the home.
- Address any habitability concerns on the property. This can mean fixing dripping faucets, squeaky doors, cracked tiles, or even major issues like a leaky roof or broken windows.
- Change locks.
- Refresh the look of walls by painting them with a fresh coat of paint.
- Replace outdated appliances with new, energy-efficient ones.
Market the Home
Now you should be ready to accept a resident into the home. As such, begin marketing the property to prospective tenants. Make sure the marketing is geared towards attracting a large pool of prospective tenants.
Therefore, use a combination of both online and offline strategies. This can include marketing on social media, community bulletin boards, using flyers and posters, yard signs, and on rental listing sites.
To help make the process easier, draft an attractive rental ad to help boost click-through rates. This is especially true when it comes to online marketing platforms.
Choose Tenants Carefully
Be very, very careful when deciding on the resident you want to sign a lease with. After all, this is the person you’ll depend on to pay rent on time, care for the unit, report issues, and abide by all terms of the lease.
To screen prospective tenants thoroughly, make sure to require prospective tenants to meet strict selection criteria. The criteria should examine things like the tenants’:
- Credit rating.
- Employment status.
- Income level.
- Rental background.
- Criminal status.
After finding a great tenant, make sure to ask them for a security deposit as part of the initial move-in costs. This should help provide you with an added financial cushion against possible issues that can occur during the tenancy.
Conclusion
Renting out a house in Seattle can be financially rewarding for savvy landlords. You’d only need to treat the investment as a business and implement the aforementioned strategies to a fault.
For expert help in managing the rental unit, look no further than Keyrenter West Seattle. You can count on us for top-notch property management services in Seattle, WA. Get in touch to learn more!



