Mercer Island Property Management

Expert Management for Your Mercer Island Rental Home

Partner with Our Mercer Island Property Management Experts for Better Results!

We provide full-service property management for residential rental homes throughout Mercer Island, WA.

At GPS Renting, we understand the value of high-end properties and the care required to manage them effectively. Whether you own a luxury waterfront estate or a modern investment home, we bring professionalism, discretion, and precision to every property we manage.

From premium marketing and thorough tenant screening to proactive maintenance and legal compliance, our team handles every detail with the attention it deserves. With deep local knowledge of the Mercer Island rental market and a commitment to clear communication, we help maximize your rental income while protecting your investment.

Whether you’re a local homeowner, executive landlord, or out-of-state investor, GPS Renting is your trusted partner for elite, stress-free property management.

Let us manage your Mercer Island rental, so you can enjoy peace of mind and lasting returns.

Our service is guided by our Core Principles:

Relationships Over Being Right

Live Intentionally

We Do Hard Things

Uncomfortable Transparency

Thinking Is Hard Work

Shared Responsibility in Tough Times

These principles are at the heart of everything we do, ensuring a seamless and trustworthy experience for our clients and residents.

Our Seven Guarantees

Rent Payment Guarantee

If the tenant doesn’t pay their rent as agreed, you don’t pay us our management fee. We are only paid when you are.

Price Match Guarantee

If you can find a lower fee to manage your property in writing, we will match it. As long as the other firm is a licensed property management firm and does not charge fees in addition to their base management fee percentage.

Prompt Service Guarantee

If we don’t mail or wire your monthly proceeds within 10 business days of receipt of the rent, we will waive that month’s management fee.

Response Guarantee

If an owner calls, texts, or emails us, we will respond within 48 hours, or we credit $25 towards the month’s management fee.

Satisfaction Guarantee

For newly onboard clients, if you are not satisfied with our service, you can cancel our contract at any time within the first 60 days of service.
If the tenant is placed, the owner needs to reimburse the company tenant placement fee of one month rent.

Eviction Protection Guarantee

If we place a tenant in your property and have to later evict, we will cover up to $1000 of the costs of an eviction presided over by a judge.
This guarantee can be availed by enrolling in our Owner Benefit Package (OBP).

Rent Loss Protection Guarantee

If we place a tenant in your property and have to later evict for nonpayment of rent, we will write a check for the next 30 days worth of rent.
This guarantee can be availed by enrolling in our Owner Benefit Package (OBP).

Mercer Island Property Management Services

At GPS Renting, we’re more than just property managers—we’re your dedicated partners. From finding the right tenants to handling maintenance and maximizing your rental income, we’re here to support you every step of the way.

Marketing

We create eye-catching listings with high-quality photos and markets your rental on 30+ sites, including Zillow and HotPads.

Tenant Screening

We carefully screen tenants—checking credit, income, background, and rental history—to ensure reliable renters for your home.

Property Showings

We manage all tenant inquiries and schedules showings. We also use ShowMojo to maximize viewing opportunities.

Inspections

We create eye-catching listings with high-quality photos and markets your rental on 30+ sites, including Zillow and HotPads.

Rent Collection

Owner rent payments are sent between the 8th and 10th each month, with email updates. Owners can log in anytime to view financial statements.

Maintenance

Our 24/7 maintenance team quickly resolves tenant issues. For complex repairs, we gather at least three bids from local vendors to ensure owners get the best deal.

Tax Return

We work with local accountants to help overseas investors with tax returns and provide cash flow statements and year-end 1099 for easy tracking.

Communications

We prioritize streamlined communication for a hassle-free experience, with a commitment to fast, reliable, and professional responses within 48 hours.

Maximize Your Real Estate Investment

Get a Free Rental Analysis Today!

Areas We Serve

ARLINGTON

AUBURN

BEAUX ARTS

BELLEVUE

BOTHELL

BURIEN

CAMANO ISLAND

COVINGTON

EDMONDS

EVERETT

ISSAQUAH

KENMORE

LYNNWOOD

MAPLE VALLEY

MARYSVILLE

MERCER ISLAND

MILL CREEK

MUKILTEO

NEWCASTLE

REDMOND

RENTON

SAMMAMISH

SNOQUALMIE

STANWOOD

TULALIP

WOODINVILLE

Mercer Island Area Information

Mercer Island at a Glance

Located in the center of Lake Washington, Mercer Island is one of the most prestigious residential communities in the Pacific Northwest. It combines natural beauty with quick access to both Seattle and Bellevue via I-90, making it a favorite for executives, tech professionals, and high-net-worth families seeking privacy and proximity.

The island is known for its luxury real estate, high-performing schools, and stunning waterfront homes—offering an ideal blend of tranquility and convenience.

A Brief History

Mercer Island was originally used as a summer retreat in the early 1900s before developing into a permanent residential community mid-century. With the opening of the I-90 floating bridge, the island became highly accessible and evolved into one of the region’s most exclusive and stable housing markets.

Today’s Mercer Island

Home to over 25,000 residents, Mercer Island offers a mix of upscale neighborhoods, excellent public amenities, and a highly desirable quality of life. The city is served by the Mercer Island School District, consistently ranked among the top in Washington.

Real estate ranges from mid-century homes to new luxury constructions and lakefront estates. The island features boutique shopping, parks, and direct access to I-90 transit, including a new light rail station opening soon.

Real Estate & Rental Market Overview

Mercer Island’s real estate is among the most stable and valuable in the region. While rentals are limited, demand is consistently strong—particularly among executives, relocating professionals, and international renters.

Home Price Trends

2013: ~$850,000
2018: ~$1.6M
2022 Peak: ~$3.1M
2023–2024: ~$2.6M–$3.2M; stable with strong appreciation over time

Rental Rate Trends

2015: ~$3,500/month average for high-end homes
2020: ~$5,000/month
2023–2024: $6,000–$10,000+/month depending on home size, location, and lake access

Key Economic Drivers

Prime location between Seattle and Bellevue—minutes to Amazon, Microsoft, and downtown
Mercer Island School District and community parks draw families
Popular with executives and global professionals
Limited inventory enhances exclusivity and value retention
Light rail extension to Mercer Island (East Link) will further increase accessibility and demand

Vacancy & Cap Rates

Vacancy: Extremely low (<3%)—many rentals are filled through referrals or private networks
Cap Rates: 3.0%–4.2%; properties typically emphasize long-term appreciation and tenant quality over short-term cash flow

Our Mercer Island Team

As our Marketing Manager, Hoabang is responsible for the brand management, network marketing, and customer consultation of GPS renting property management and GPS Real Estate, and fully demonstrates GPS Renting’s services and advantages to our customers.

As a former entrepreneur and salesman, Govind has developed markets and closed sales numerous companies, including selling copiers, and helping B2B SaaS companies find market fit. He’s excited to represent GPS Renting because of the values driven mission and supportive culture. His purpose is to share the company brand and vision with prospects and partners in the Seattle area.

Property manager and Real Estate Broker licensed in WA. Mom of two young boys. Although I’ve had my formal degrees in software engineering my passion pulls me towards customer service and people oriented work. I am a dedicated employee and mom and love multitasking. I also love watching movies and shows with my family.

Cris is one of our international teammate and serves as a Resident Services Ambassador. He supports both residents and property owners by handling rental applications, lease renewals, move-outs, and day-to-day inquiries, helping ensure a smooth and positive experience for all. Outside of work, Cris is a dedicated family man. He enjoys spending time with his children—whether it’s mall strolls, park days, or riding the Vikings ride, he values every moment and loves making memories together.

Mary is one of our internation teammates and serves as a Maintenance Coordinator. Along with other MCs, she is responsible for managing property repairs, coordinating with vendors, scheduling inspections, and ensuring maintenance issues are resolved efficiently to keep operations running smoothly. Outside of work, Mary finds joy in spending quality time with her son. They love going on nature walks, watching the sunrise and sunset together, and bonding over home-cooked meals in the kitchen.

Dari is one of our international teammates and serves as a Maintenance Coordinator. He specializes in maintenance support-assisting tenants and owners with their service requests, gathering estimates, and scheduling with the vendors. Outside of work, Dari is into playing football and loves to do camping with his family.