Season 9 Episode #2 Property Management Mastery with Corey Brewer: Washington's Rent Control Laws & Building Profitable Agent Partnerships

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Windermere Ask A Coach, Real Talk, Real Results

Michael Fanning "Windermere Coaching"

101 episodes

1 week ago

Transform your real estate career and reclaim your life with "Windermere Ask A Coach." Industry veterans reveal the systems, mindsets, and strategies that create exceptional results with less stress. Stop grinding 24/7! Our coaches share battle-tested approaches to generate consistent leads, close more deals, and build wealth while maintaining work-life harmony. Each episode delivers immediately applicable tactics from top-producing agents who've mastered the art of working smarter, not harder. Ready to build a thriving business that serves your life instead of consuming it?

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Season 9 Episode #2 Property Management Mastery with Corey Brewer: Washington's Rent Control Laws & Building Profitable Agent Partnerships

Windermere Ask A Coach, Real Talk, Real Results

38 minutes 9 seconds

3 months ago

Season 9 Episode #2 Property Management Mastery with Corey Brewer: Washington's Rent Control Laws & Building Profitable Agent Partnerships

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

Corey 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 9.7% (7% + 2.7% 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

Corey Brewer
Wind Property Management, Lori Gill and Associates
Cell: (425) 623-1330
Office: (425) 455-5515
Email: coryb@windermere.com
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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