Are you searching for information on the average rent for Portland Oregon? If so, you’ve come to the right place!
As of December 2017, the average rent in Portland is: $1,591, this is a decrease of almost 2% from the same time last year when the average rent here was just over $1,600 per month. (Source – Rent Café)
Planning on renting a one bedroom apartment in Portland? If so, the average rent is $1,487 per month while a two bedroom apartment will cost you just over $1,800 per month.
What’s Next For The Portland Oregon Rental Market?
There’s no denying that lack of supply continues to be a major issue for the Portland Oregon Rental Market in spite of the best efforts of developers to build more housing over the last two years.
Thankfully, the City Council is doing something about this problem by discussing ideas for creating more affordable housing in Downtown Portland Oregon.
Some of Portland’s lowest earners could soon live steps from the city’s desirable Southwest waterfront.
The Portland City Council is slated to decide Wednesday whether to spend $21.6 million to subsidize the development of an apartment complex that would offer deeply discounted rents.
Mayor Ted Wheeler and Housing Director Kurt Creager say the council should spend urban renewal funds to build a 13-story building with 203 low- and super-low-rent apartments on Southwest River Parkway just north of the Marquam Bridge.
In 2015, the city selected Bridge Housing Corporation’s proposal to complete the project. The developer proposed building one tower of affordable housing and another with market rate housing on the property.
If approved, the affordable tower will include 90 units affordable to individuals and families making 30 percent or less than the median family income, or about $16,000 for a single person. The rest would be affordable to those making up to 60 percent of the median family income.
The project is expected to cost about $86 million, with federal tax credits and tax-exempt bonds accounting for more than $45 million.
It “is a significant commitment” to Portland’s lowest-income residents, including those recently homeless or at risk of becoming homeless, Creager said.
2018 Predictions
Although rent growth has slowed in some areas across Portland this year we can expect 2018 to be another strong year for the local rental market especially in communities just outside Portland like Gresham, Beaverton and Tigard.
What can make your job of owning Portland Oregon Rental Properties a lot easier? The answer is property management.
If you’ve been thinking about hiring a property management company but aren’t sure what a property manager does, here’s a breakdown of what you can expect if you choose to work with a company like property management systems.
The first way we help you with your home for rent in Portland Oregon is by finding the right tenants for your rental property and then maintaining a great relationship with that tenant so they will want to continue renting your single family home, condo or town home for years to come.
We Do More Than Collect Your Rent
Besides just collecting rent, we will also set the “correct” rent for your property for rent in Portland Oregon so you can earn the most rental income possible from your property. Once the rent is collected we will also deposit the funds into your account, or mail you a check in a timely fashion, so you don’t have to worry about dealing with tenants yourself.
Ongoing Maintenance
One of the most common “complaints” among owners is that they never have enough time for themselves or their families since they are always busy dealing with repairs or maintenance issues for their properties.
We simplify the process of owning a home, condo, town home or single family home for rent in Portland Oregon by handling all of the ongoing maintenance issues for you so you can focus on living your life without having to deal with the possibility of another call for help from your tenants again.
Owning rental property can be a great investment. But, as you can see, having a property manager can make your life so much easier. If you own rentals, but are feeling overwhelmed, do yourself a favor and look into getting a property manager to take some of the load off. You won’t regret it!
Don’t Self Manage Your Rental Properties In 2018
Many economists are predicting Portland to be one of the strongest cities for rent growth in the United States in 2018.
If you plan on expanding your portfolio of rental properties in the City of Roses one of the worst things you can do is self-manage those rental properties yourself.
Save time and earn more money from your rental properties by hiring an experienced property management company.
Here are more benefits that you will receive by hiring a professional property manager to manage your properties in the Portland Oregon Rental Market.
#1 – You Will Save More Money Each Month
How many hours per month do you spend on the phone with tenants or in the car traveling to your rentals?
You will save money each month by using a professional property management company for your Oregon Rental Properties because, we will be your team to handle all of the day-to-day issues which come from managing a property so you don’t have to
#2 – More Time in Your Schedule
With less time being spent managing your properties, taking care of tenant issues, or collecting rent, you will have MORE TIME to enjoy your life, family and also the benefits which come from owning rental property.
#3 – GROW Your Portfolio
Last of all, but most important, with more time and energy on your side each month you will be able to finally GROW your property portfolio and generate more income from your properties each month than you currently are.
Tenant issues, repairs and problems will be a thing of the past as you look to the future and generating more income by purchasing another property.
Get Property Management Here
For professional property management contact the team of experienced property managers at Property Management Systems by calling us at (503) 515-3170 or click here to connect with us online.
