Palace Property ManagementLicensed in Washington

About us

A father, a son, and a mission to maximize your cash flow

Palace is a family-owned, tech-enabled brokerage built on a simple premise: landlords deserve maximum cash flow, bulletproof legal protection, and transparent pricing.

Over the years we have built a rock-solid reputation and earned the trust of landlords across Washington State. Our foundation has always been elite service, rigorous legal compliance and uncompromising standards. But as the economic landscape shifted, it became clear our clients needed more than great management — they needed a smarter financial strategy.

In today's climate, and particularly in the Greater Seattle area, the rising cost of living, inflation and increasing property expenses are squeezing investors' margins. Real estate owners are actively looking for ways to protect their cash flow.

We recognized that the industry standard of charging a 10% to 12% management fee is outdated and misaligned with an investor's goals. Managing a $4,000 rental does not require twice the effort of managing a $2,000 one, yet traditional companies continue to take a substantial cut of your hard-earned equity for it.

So we modernized. We transformed our operations into a highly efficient, tech-enabled, cloud-based coordination model. By eliminating the heavy overhead of a traditional brick-and-mortar office, we streamlined our processes around what actually matters: strictly enforcing your lease, protecting your asset, and handling the complex paperwork.

The result is that we deliver the same elite-tier compliance, financial and day-to-day management for a flat, transparent $109 per unit, per month — never a percentage of what your tenant pays.

We didn't lower our standards. We eliminated the inefficiencies — and passed the savings directly to you.

The expertise behind the technology

A tech platform is only as strong as the experts running it. Palace is led by a combination of decades of international real estate law and current business technology — and it is two people, not a queue, a rotation, or a ticket number that gets reassigned.

Hamid Bakhshi

Hamid Bakhshi

Designated Broker & Founder

Hamid brings a rare level of legal and real estate expertise to property management. He has operated as a Foreign Real Estate Attorney since 1997 and was certified by the State Bar of California as a Foreign Legal Consultant from 2005 to 2018, building a portfolio of experience across the eastern, western and central United States, and internationally with established footprints in Dubai and Yerevan.

  • Washington Designated Broker
  • Florida Real Estate Broker
  • Florida Community Association Manager (CAM)
  • Texas Real Estate Agent

He holds the license everything at Palace runs under, and every lease, addendum and compliance notice we draft goes out under his standard.

Amir Bakhshi

Amir Bakhshi

Director of Sales, Marketing & IT

Amir is the architect behind Palace’s digital experience. He holds an MBA from the University of Washington and is an experienced app developer and technology strategist.

  • MBA, University of Washington
  • App developer & technology strategist

He keeps the platforms running and integrates the property management technology that gives landlords, tenants and vendors a streamlined, round-the-clock experience. Usually your first point of contact when you inquire.

Our core values

Four commitments. Each of them is checkable against something else on this site rather than being a statement about how we feel.

Absolute transparency

No hidden costs, no maintenance markups, and no percentage-based fees. Three flat figures, published: $109 a month to manage, $499 to place a tenant, $299 to renew a lease. The monthly fee stops while a unit is vacant, and the other two are quoted before any work begins.

Bulletproof asset protection

Backed by decades of international legal and real estate experience, we treat every lease, addendum and notice as a shield for your investment rather than a formality.

Tech-driven efficiency

Cloud-based software throughout, giving owners and tenants round-the-clock access to the things that actually matter — payments, requests, records and statements.

Total owner control

You always retain the final say. We handle the logistics and the compliance, but no repair is initiated without your explicit consent — at any amount.

Still a Washington company

Going virtual did not mean going somewhere else. The business is registered in Washington, the license is a Washington license, and the people handling your property live here. What changed is that we can now serve an owner in Spokane or Bellingham as easily as one in Bellevue — because the drive was never the valuable part.

Palace Property Management

1400 112th Ave SE, Ste 100
Bellevue, WA 98004

Mailing: P.O. Box 50123, Bellevue, WA 98015

206-580-3737

HB@ppmre.net

Monday – Friday, 7:00 AM – 3:00 PM PT

Secure digital portal access and 24/7 emergency maintenance reporting are always available.

5.0 ★ · 61 reviews on Google ↗

Find out what your property costs to manage

Tell us about the property and we'll come back with what Palace would charge, what a percentage-based manager would charge, and an honest view on whether switching is worth the effort. No card, no obligation.

You'll speak to one of two people
Hamid or Amir. Not a queue and not a ticket number.
We'll call you back within one business day
Monday – Friday, 7:00 AM – 3:00 PM PT
If we're not a fit, we'll say so
We don't advertise vacancies or attend showings, and we'd rather tell you that now than after you've signed.

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