
Hamid Bakhshi
Designated Broker & Founder
Washington Real Estate Designated Broker|Licensed in Florida, Texas and Washington|Florida Community Association Manager (CAM)|Foreign Real Estate Attorney since 1997

Serving all of Washington State
Palace Property Management is a fully Licensed WA State Real Estate Brokerage.
We provide a tech-enabled, flat-fee property management system for single-family homes, condos, and multi-family complexes.
Tell us about the property and we'll come back with what it costs to manage — and what you'd be paying a percentage-based manager instead.
Google Reviews ↗ · Read them on our profile
Licensed Washington brokerage · #23026838 · State Department of Licensing
From $109/month · Never a % of your rent
All of Washington State
Everything that keeps a tenanted property running, legally and quietly, without you having to think about it. Most of it is the monthly fee; the two that are priced separately say so.
See the full scope →Set up, monitored and chased when late — but the money lands in your account, never ours.
Background, credit, eviction and pet screening, plus a Washington lease with the addendums that protect you. $499, only at turnover.
24/7 intake and vetted local vendors. Nothing is spent without your approval, at any amount. Invoices at cost.
We calculate what you can raise rent to and serve the notice correctly for your city. $299, only when a tenant renews.
Deadlines tracked, deposits handled correctly, disclosures issued, and a paper trail that holds up in a dispute.
Itemized monthly statements and a clean annual summary your accountant will not send back.
A named person who knows your property, on the phone during business hours. Not a ticket number.
$109/mo per unit
Simple, transparent, and predictable. We provide property owners with the following ongoing benefits:
$499Flat Fee
Maximized revenue, minimized risk. A one-time fee to secure the perfect tenant:
Traditional property management companies often rely on unlicensed, hourly staff to handle property showings. Because they work standard Monday through Friday, 9 AM to 5 PM office hours, they frequently miss high-quality prospective tenants who want to view properties after work or on weekends. Your property sits vacant longer, and you lose money.
Our model fixes this inefficiency. By empowering you (or your designated representative) to host flexible showings on your own schedule, no high-quality lead is ever missed. You capture the best tenants faster, and we handle 100% of the complex screening and paperwork behind the scenes.
Maintain ultimate financial control while our licensed local firm handles the heavy lifting.
“Hamid was truly exceptional and the best person I could have asked for in my situation.
Relocating from another country comes with unique challenges, but Hamid was incredibly patient as I navigated the new processes. He communicated clearly and effectively …”
“Overall, I highly recommend “Palace Property Management Company” for anyone looking to manage their properties effectively. Their expertise, commitment to tenant satisfaction, and strong communication skills have made my experience as a property owner much …”
“I am very pleased with the work of the company's managers, most of all because they responded to messages FAST,
they were in touch with me 24/7,
when I had questions, they answered me at any time of the day
also the persons are very friendly in CHESNA)
I …”

Designated Broker & Founder
Washington Real Estate Designated Broker|Licensed in Florida, Texas and Washington|Florida Community Association Manager (CAM)|Foreign Real Estate Attorney since 1997

Director of Sales, Marketing & IT
An MBA and app developer who built the platform your rent, maintenance and statements run on. Usually your first point of contact when you inquire.
It means your property is managed through a highly secure, centralized digital hub. Rent processing, legal notices, and 24/7 maintenance coordination are all handled instantly through our cloud-based portal. We replaced outdated, paper-heavy office processes with high-tech automation. However, physical care is never compromised; when your property needs a repair, we dispatch trusted, licensed local professionals right to your door.
The whole running of the tenancy: rent collection, late-rent notices served correctly, 24/7 maintenance intake and vendor coordination, deposit accounting, statements, HOA and utility correspondence, and portal access for you and your tenant. Vendor invoices for actual repairs are passed to you at cost with no markup, and nothing is spent without your approval. Two things sit outside it and both are flat figures rather than percentages: Screening & Lease Execution at $499 when a unit turns over, and lease renewal at $299 when a tenant renews. An owner with a settled long-term tenant pays neither.
We utilize a Hybrid Leasing Model designed to save you thousands. You (or your representative) handle the local, physical showings—completely eliminating the traditional leasing fee of a full month's rent. We handle the critical administrative and financial heavy lifting: comprehensive background, credit, and eviction screening, pet/assistance animal verification, and preparing a strictly compliant Washington lease with all required addendums. This Screening & Lease Execution package is a flat $499, keeping your upfront costs low and your compliance standards high.
When rent stops, our administrative system immediately goes to work for you. While most self-managing landlords lose their cases early due to paperwork errors, we ensure strict compliance from day one. We meticulously prepare the exact, WA-compliant notices and coordinate the proper physical delivery (via a local process server or your representative) within the precise statutory timelines. If the situation requires legal action, we hand over a flawless, ready-to-file documentation packet to your attorney. We manage the entire administrative crisis, ensuring your case is airtight.
No, and that is one of our biggest advantages for investors. Your tenant’s rent goes straight into your own account. We act as your rigorous back-office: we track the payments, update your portal, and aggressively chase any late payments. Because rent never passes through our company accounts, there are zero banking delays. While most traditional managers hold your rent for weeks, our model ensures you have immediate access to your cash flow without the middleman delay.
We provide statewide coverage through our digital infrastructure, with hyper-focused administrative expertise in King, Snohomish, and Pierce counties. Investors choose us because we understand that Washington rental laws are intensely local. We offer:
Tell us the address and the current rent. We'll send back what Palace would charge, what a percentage-based manager would charge, and the difference over five years. No obligation, no sales call unless you ask for one.