Guest: Cory Brewer, VP of Residential Operations, Wind Property Management, Lori Gill and Associates

Cory Brewer, with 14+ years in real estate and property management expertise in King and Snohomish Counties (Seattle area), shares insights on Washington State's new rent control laws, property management benefits, and strategic partnerships between real estate agents and property managers.

Legal Updates (0:00-15:00)• Washington State implemented rent control effective May 7th, 2025• Annual rent increases capped at 7% baseline + CPI (max 10%)• 2026 cap set at 9.683% (7% + 2.683% CPI)• New process service requirements for rent increases (being addressed legislatively)

Property Management Value Proposition (15:00-30:00)• $2,100 more annual rent generation per property• $1,380+ savings through faster leasing (reducing costly vacancy)• 33.8% market share demonstrates market leadership• Professional management pays for itself through reduced vacancy and optimized pricing

Agent Partnership Benefits (30:00-45:00)• Property managers as part of agent's professional team (like home inspectors)• Referral opportunities: 20-100 annual transactions depending on market• Market analysis and rental pricing consultation services• Buffer between landlord-tenant relationships

Current Market Conditions (45:00-55:00)• Inventory fluctuated from 34 listings (May) to 70+ (June)• Higher tenant renewal rates reducing turnover• Failed sale listings converting to rentals in fall months

Professional Management Advantages (55:00-End)• Legal compliance expertise (increasingly complex)• 400-500 vetted vendor network• Fair housing and tenant selection processes• Systematic procedures and market knowledge

Cory Brewer
Wind Property Management, Lori Gill and Associates
Desk: (425) 623-1330
Office: (425) 455-5515
Email: [email protected]
Website: http://www.wpmnorthwest.com

Corey offers team presentations with PowerPoint and Q&A for brokerages in King and Snohomish Counties

Bi-annual Market Reports Available - Six-month data compilation providing representative market statistics

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