PORTLAND, Ore. – Are you looking to make changes in how you manage your rental properties in 2017? If so, make 2017 the year that you resolve to hire Portland Oregon Property Management to manage one or all of your rental properties for you. Here’s why:
Portland Oregon Property Management Saves Time
It doesn’t matter if you have one, or many Portland Oregon Rental Properties, if you’re managing them yourself you’re spending too much time taking care of your tenants when you could be focusing on growing your portfolio of rental properties.
Our Portland Oregon Property Management team will save you the hassle of doing things like driving out to your rental property to unlock doors for tenants who may have been locked out, making repairs to your rentals yourself, meeting with contractors and dealing with tenant complaints.
Think about what how having an additional time every month will help your business to grow; you can finally have confidence that your rentals are being managed by a team of caring professionals so and your team can start focusing on growing your business.
Portland Oregon Property Management Offers More Value
Besides saving you time, property management also offers your tenants more value because they can have confidence that their needs or concerns will be addressed immediately instead of getting forgotten about if you have other problems to attend to.
Tenants who feel like their needs are being properly cared for will be more likely to renew their leases compared to tenants who have dealt with landlords who have made one too many promises that they can’t keep.
Portland Oregon Property Management Saves Money
Another great reason to hire Portland Oregon Property Management is the money you will save by having an experienced property manager to tend to all of the needs of your tenants so you don’t have to like rent collection and customer service.
Frequently Asked Questions About Portland Oregon Property Management
What will need to be done to my home before it is ready for rent?
The better condition your home is in, the better-quality tenant it will attract. Your home must be left in professionally cleaned condition. Your Property Manager will prefer to arrange this cleaning to ensure that the cleaning guidelines are strictly followed but you may do your own cleaning as long as you follow our cleaning guidelines. The carpets must be professionally cleaned (please provide a receipt from the carpet cleaner) and all debris and personal belongings removed from the house. It is not necessary to paint, but you should consider painting any room that has dirty or marred walls. A neutral color is best. Your Property Manager will be happy to discuss any necessary repairs or painting with you. Neutral window coverings such as blinds should be left, preferably not curtains. Tenants moving into a rental property do expect some sort of window coverings to be provided for privacy and safety. The tenants are required to maintain the yard in the condition it is provided to them. Therefore, the yard should be freshly mowed, weeded, trimmed and the leaves and debris removed.
How will tenants for my house be found? How long will it take?
Your property will be advertised on our website, as well as several other national third party websites. It will also be posted on craigslist regularly. A Property Information Sheet will be prepared for your property with all the necessary information and pictures. This information is given to anyone who sees the property and is often sent to people who have indicated an interest. We are in frequent contact with our network of real estate brokers in the Portland metro area as well as the relocation offices of major corporations. The average time to rent a home is typically less than 30 days, although it may take longer during the winter months. A property is activated on our website and marketing network as soon as we receive notice from the existing tenant and permission from the owner to release the home.
Do you collect first and last month’s rent?
Commonly move-in costs in the Portland area are approximately two months’ rent. We collect a pro-rated rent at move in plus a refundable security deposit which is based on the credit report. The security deposit is intended to cover damages and any necessary cleaning at move out. The Security Deposit is held in a Clients Trust Account, as mandated by the Oregon Real Estate Agency.
Can I say that I do not want any pets or smokers in the house?
Pet owners make up 75% of the people in the market for a rental house! Being open to allowing pets will make your property available to more potential renters. Additional deposits for pets generally run $250.00 to $500.00. However, if you feel strongly about this issue, we will agree not to show your property to prospective tenants with pets. All of our properties prohibit smoking, in the interest of protecting your investment.
How does Fair Housing impact me?
Fair housing laws were enacted to protect against illegal housing discrimination based on “protected class status. The intention of federal, state, and local fair housing laws is to require that all individuals be given the same treatment, the same services and offered an equal opportunity to live in a home of their choice. The only “special rights” are those provided to individuals with disabilities in order to establish equal opportunity. Federally Protected Classes are race, color, national origin, religion, gender, familial status, and disability. State and Local Protected Classes: Oregon’s fair housing laws include the following protected classes: marital status, legal sources of income, and sexual orientation/gender identity, in addition, Oregon effectively created another protected class for domestic violence survivors.
What happens if the tenant does not pay rent on time?
The rent is due on the first of each month and considered late after 5:00 PM on the 4th. If not paid by the eighth of the month, we will take the first step in the eviction process, which is to send a “72 Hour Notice” to pay the rent or vacate. If they have not paid by the end of the notice period, we would notify the owner to file at the courthouse for a FED (eviction) hearing. If an attorney is necessary for a contested FED, you will be responsible for any legal fees Unless you have chosen our optional FED (eviction insurance).
When do I get my money each month?
The rental funds must have cleared the banks before we can begin disbursing funds. We begin the payment of bills and owner statements (along with disbursement of funds) on the fifth and try to have all payment scheduled to go out between the 10th and 12th of each month.
Get Portland Oregon Property Management Here
For the most experienced and affordable Portland Oregon Property Management Contact Property Management Systems by calling us at (503) 515-3170 or click here to connect with us online.