Property Management Services
Bellingham Rental Properties
- If your currently looking for a home, condo or an apartment to rent in the Bellingham, WA area, please check out our list of available rentals below. You can also contact our rental manager at (360) 739-7779 for any further assistance. The following Bellingham property management companies would also be a great place to find available rental units in Whatcom County. Most of the property management companies can assit you in finding a rental property anywhere in the Bellingham WA area or other locations in Whatcom County. Thanks for visiting our property management pages here on BellinghamHomes.com
Bellingham WA - Whatcom County Property Management Companies
- Bayview Property Management - 1315 Girard St., Bellingham, WA. 360-734-5420 Bayview Property Management provides professional management, leasing and rental services for single-family homes, duplexes, triplexes, multi-unit apartment complexes, condominiums, commercial property, Condominium and Homeowners Associations in Bellingham, Washington and throughout all of Whatcom County. email@example.com
- Landmark Real Estate Management - 3800 Byron Ave., Bellingham, WA 360-738-1022 Landmark is one of the largest property management companies in the Bellingham, Washington area. They offer services in a variety of rentals including apartments, condominiums, houses, duplexes, triplexes, and fourplexes. firstname.lastname@example.org
More Whatcom County Property Management Companies
Apex Property Management, Inc. 2891 Meridian Street, Bellingham, WA 360-527-9829
Adams Property Management, 1334 King Street, Bellingham, WA 360-671-8470
Son-Rise Property Management,109 E. Chestnut, Bellingham, WA 360-738-3700
Sun-Mark Properties, 1200 Lakeway Drive Suite 1, Bellingham, WA 360-650-1010
Lakeway Realty Property Management, 3547 Lakeway Dr., Bellingham, WA 360-733-4024
Property Management Professionals, 818 Alabama St., Bellingham, WA 360-676-1880
Ballard Management 4152 Meridian Street, Suite 229, Bellingham, WA 360-647-1700
Probably your best bet in finding a rental home, condo, townhouse, etc is to try one of the Bellingham professional property management company's above. You might also try Craigslist which seems to be used by a lot of Bellingham property owners locally. The Bellingham Herald is another on-line site that might be useful as well in finding a Bellingham rental property. Bellingham, WA is a university town with Western Washington University, so summer time can be a challenge finding a place anywhere near WWU campus. There does appear to be an abundance of rentals currently so most individuals and families should have a nice selection to choose from.
Buying a Home vs Renting a Home
Buying a home in order to build equity is one of the main financial reasons prospective buyers jump into the market, but many people also yearn for the satisfaction of home ownership.
Painting your rental apartment walls mango or some other trendy color may put your security deposit in jeopardy. But taking that same sense of color style and applying it to a tired room in an old house you just purchased is called "sweat equity." That has a nice ring to it.
Reasons to Rent
There is definitely an upside to renting:
- Flexibility. Check out neighborhoods if you are new to town or are researching where you want to buy. By renting you can test an area without committing to it.
- Uncertainty in your career. If you think you might need to move in the near future, or are mulling job changes that span several areas of town or are located elsewhere in the country, you might want to rent, since buying ties you down to a greater extent.
- Uncertainty in income. If you expect a pay hike or pay cut in the near future, that can change your borrowing ability as well as impact your ability to pay a mortgage.
- Got bad credit? Creating a history of on-time rental payments can help you build the sort of credit you need to qualify for a mortgage.
- No maintenance. When the pipe leaks under the sink, you don't head to Home Depot, you head for the telephone and call the landlord.
- Incidental expenses. The landlord pays for many utilities such as water, sewer, garbage, and in some cases heat and hot water as well.
But there is a downside too: You may have no control over the fluctuation of your rent, a big budget item that can change often. Long-term budgeting becomes more difficult.
Reasons to Buy
There are upsides to buying a home:
- Equity. When you pay rent, you don't own anything. When you pay a mortgage, you increase your degree of ownership in your home with every payment. Also, you can borrow against your ownership (or equity) in the home to pay for major purchases, refinance your home at favorable rates, or, once you've paid the entire mortgage off, borrow to fund major purchases like a second home or your child's education.
- Tax deductions. You can deduct mortgage interest as well as your property taxes. Uncle Sam doesn't give renters this bonus. Not only that, but if you meet certain requirements the IRS won't apply a "capital gains" tax on your profits from the sale of your home. You can keep the first $250,000 in profit you make when selling the home if you're single, or the first $500,000 if married. In addition, those who work from home may be eligible to take deductions for their home office and portions of utilities.
- Creative control. So, you like dozens of pictures on the wall? Well, hammer away -- they are your walls now. Go ahead and paint them mango! Wish you had another room? Go ahead and add one.
- Maintenance choices. If you live in a house, you can decide how to approach maintenance, either doing it yourself or picking your own contractor. If you live in a condominium or homeowners' association, you may pay a monthly fee to have maintenance work covered by the association's contractors.
While a home is a good investment -- and let's face it, you have to live somewhere
-- many financial experts caution against purchasing a home simply as an investment. Historically, the real estate market increases have been slow and steady, not meteoric (until recently). The stock market, on the other hand, has generated returns of between 8 and 10 percent pretty steadily for decades.
Is Renting Cheaper?
That depends on your market and where you choose to live. And consider whether or not you like to do maintenance. Homes cost money. Appliances break, roofs leak, and you are the lucky soul who gets to pay the bill. If you are renting, landlords pay the plumber and water/sewer and garbage bill to go along with it.
But, of course, there is that tax break. Depending on your tax bracket, a first-time purchaser's 1040 tax deductions heavily subsidize housing expenses in the first few years. Since a 30 year mortgage requires high interest payments -- all deductible -- at the beginning of the loan, you deduct a larger share of the mortgage cost early in the life of the loan.
Jerry Campbell, Broker, CRS, e-PRO, GRI
Full Time Professional REALTOR®
The Muljat Group- Main Office
510 Lakeway Drive, Bellingham, Washington 98225
Business:(360) 739-7779 Fax: 671-4124
Email: Contact Jerry
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