Real Property Associates

Real Property Associates Real Property Associates is a professional property management company located in Seattle, Washington. We have been providing exceptional and comprehensive management services for residential, multifamily and commercial real estate owners and investors for over three decades.
Request a Free Quote Offices in multiple locations

About Real Property Associates

Real Property Associates is a professional property management company located in Seattle, Washington. We have been providing exceptional and comprehensive management services for residential,  multifamily and commercial real estate owners and investors for over three decades.

Real Property Associates is still owned and operated by Gordon Stephenson and Jay Young, the same team that founded the company in 1991. At Real Property Associates, we offer an unbeatable blend of knowledge, experience, and commitment to the community we serve, and we strive towards a vision of continued excellence in service and ever-innovative solutions.

We specialize in serving the needs of small to mid-size investors and homeowners in the Greater Seattle, Bellevue, Everett, and Tacoma areas.

Our property management department currently manages over 4,500 residential and commercial rental units. With 40 professionals on our staff to serve you, we are confident we can meet the needs of the investors and homeowners we work hard to serve. Our number one commitment is to be the best in property management when it comes to your investment. You worked hard to obtain it—and we will work hard to maximize its potential.

Why Hire a Property Manager?


Renter-Landlord laws are rapidly changing—not just in Seattle, but throughout the state of Washington. Government funding and educational awareness of developing regulations trend heavily towards favoring residents—not investors. At Real Property Associates, we continue to stay in step with the latest legislation to make sure our owners are protected and their interests represented.


As a company with nearly 30 years of management under our belts, Real Property Associates has seen a lot—and if we haven’t seen it before, we’ll help to figure it out! With a highly-experienced property management team, we work together to share information to serve our clients and help resolve the challenges that arise for rental property owners.


Exclusive to our owners only, we offer quick, responsive maintenance services to keep resident satisfaction at its peak—and keep your portfolio profitable. Initially developed to help our owners avoid costly minimum service charges, the maintenance we offer is second to none! Our well-stocked service team addresses your rental maintenance needs in a timely manner.


Our decades of experience in serving the Seattle and the Puget Sound region have helped us develop a strong network of vendors and service providers—and pass these savings along to you! At Real Property Associates, we have thoroughly vetted vendors and providers to find the most reliable, reasonable, and responsive services in Seattle.


At Real Property Associates, our maintenance team also acts as a 24-hour emergency hotline for every resident we serve. In the event of a major emergency, our renters can live comfortably knowing they have someone to call.


In addition to staying current with the changing legal landscape of the Seattle area, Real Property Associates works hard to keep in sync with the latest in rental technology. The modern renter has certain views about what they should receive from a rental; we strive to not only speak their language—but also to provide service that exceeds their expectations. Whether it’s through our tenant and owner portals which offer immediate access to reports and records or our scheduling apps, We are your access point for staying relevant in today’s rental market.


Real Property Associates makes utilities part of our business! Whether your utilities are straightforward or involve a little more calculating, we have the methods and experience to fairly and efficiently manage utility bills with your residents.


Through tools like protective leases, property inspections, and excellent communication, Real Property Associates works with your residents to set them up for success! We educate our renters on common rental issues and try to prevent problems before they happen. A proactive approach to management keeps your properties consistently profitable and performing at their peak.


Even with hands-on management and expert maintenance, sometimes, things fall apart. When they do, Real Property Associates stands by our landlords and devotes our resources to finding the best solution to protect you and your properties. In most cases, RPA property managers can work with renters to get things back on track. When communication breaks down, we are prepared to work on behalf of the owner with collections, evictions, or even small claims court. At Real Property Associates, we put you first!


Step away from the hassle of property management and turn it over to the Seattle professionals who treat your property as if it were our own. Many of our property managers are small-scale landlords themselves! Our inside perspective on management helps us to make educated, fair, and financially efficient choices to help maximize returns for our owners.

If this level of service sounds like what you’ve been missing when it comes to your portfolio, consider our experience at your disposal! While we believe every landlord is skilled at wearing many hats in the course of owning holdings, it only takes one troubled property to realize the benefits of having a professional on your side! Let us handle the fine details so that you can get back to working on the big picture.

Quick Facts

  • In business under this name: 33 years
  • Company size: 20 to 50 employees (full time)
  • We manage the following property types:
    • Single Home or Condo (valued under $250k)
    • Single Home or Condo ($250 to $500k)
    • Single Home or Condo ($500k to $1 Mil.)
    • Single Home or Condo (Over $1 Mil.)
    • Multi-Family (2-4 units)
    • Multi-Family (5-19 units)
    • Multi-Family (20-99 units)
    • Multi-Family (over 100 units)
  • We manage properties in: