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This blog features Portland Property Management news, tips, information and education.

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Portland Oregon Investment Property

Tips For Increasing The Value Of Your Portland Oregon Investment Property

Are you searching for the most effective tips for increasing the value of your Portland Oregon Investment property in 2021? If so, you’ve come to the right place! At Rent Portland Homes, we specialize in local property management for the Portland Oregon area and over the years we’ve compiled a list of effective things that owners can do to increase the value of their rental properties. In this post, we will share with you some of those tips and provide you our most effective tips that you should consider using to increase the value of your Portland Oregon Investment Property

Portland Oregon Tenant Law Changes

Portland Oregon Tenant Law Changes – Learn More About Changes For 2021

2021 is officially here and with the start of the new year comes changes to Portland Oregon Tenant Laws. In this article, we will break down the latest changes and provide you with information on how they will affect the rental market this year. Oregon Eviction Moratorium Extended Until June 30th The first big news that affects both landlords and tenants is that the eviction moratorium has been extended until June 30th. Unlike previous extensions of the eviction moratorium, tenants must fill out a declaration of financial hardship and submit that form to their landlords for the eviction moratorium protections

What Are The Best Ways To Communicate With Your Tenants?

Besides tenant screening, communicating with your tenants is one of the keys to earning passive income from your rental properties. Sadly, many landlords fail at tenant communication and they find themselves frustrated with their at some point during a tenant’s 12-month lease. Thankfully, tenant communication is a lot easier than most landlords think, especially if they follow these tips for communicating with their renters.  Best Ways To Communicate With Your Tenants Tip #1 – Texting  Even though most landlords have answering services that they use to communicate with their tenants, the reality is that even with an answering service, it’s

landlord

Tips For Being A Fantastic Landlord

Are you thinking about becoming a landlord when you invest in Portland Oregon rental properties for the first time? If so, you’ve come to the right place! Although many people have said that owning rental properties is easy, the reality is that rental properties are investments that you must be prepared to own. This article, will share with you several things that you must consider before investing in your first rental properties. #1 – Use Due Diligence Before Purchasing New Properties Even though you may be excited about investing in your first single-family or multi-family property, the most important thing

Rent Portland Homes

Tips For Defining a Successful Return in Real Estate Investing

Real estate will likely be one of the largest investments in your portfolio. High risk can lead to high reward, but only if you put in the time and research to understand your market and the numbers behind your investment. Good investments require analysis, and you should have a solid understanding going into any real estate deal of what you can expect from your investment’s return. How to Start Building Wealth With Real Estate Setting unrealistic expectations for your return on investment (ROI) can set you up for failure and hurt your profit. Most real estate investment strategies tie up large chunks of

Myths About Out-of-State Real Estate Investing Debunked

Are you planning on investing in rental properties in Portland Oregon but you live in California, Idaho or elsewhere in the United States? Thanks to the Internet, and tools like Zoom and Facetime, it’s never been easier to invest in rental properties even if you don’t live in the same state where the property is located. 5 Myths About Out Of State Real Estate Investing – Debunked Myth #1 – Investing out-of-state is risky and shouldn’t be done. When I first learned about long-distance real estate investing, I thought it was crazy. Taking out a loan for a property outside

property

Real Estate Investing 101: What You Need to Know Before Year-End

The end of the year is almost here, and for Portland Oregon real estate investors, this means getting ready to close out the 2020 tax year while preparing to take advantage of end of year opportunities to add new rental properties to your investment portfolio. Tips For Closing Out The 2020 Real Estate Tax Year Verify vendor and contractor information Touch base with each vendor or contractor you’ve worked with throughout the year. Make sure you have the correct federal tax I.D. number and mailing address. If you are a property manager, this includes reaching out to each of your

Portland Oregon Rental Properties

What Are your 2021 Goals For Your Portland Oregon Rental Properties?

If you own Portland Oregon Rental Properties, now is the perfect time to start looking ahead to 2021 and setting up goals for the new year, especially goals that you hope to accomplish for your rental properties in Portland OR. In this article, we will layout some goals you should hope to accomplish in 2021 that will help you to grow your portfolio of Portland Oregon rental properties. Goal #1 – Invest In Quality Rental Property Marketing Quality rental property marketing is the key to success in attracting the best tenants to your rental property because posting old pictures and

passive income

Are Your Rental Properties Generating Passive Income Or Active Income?

As an investor, one of the most important things that you need to ask yourself is if your rental properties in Portland Oregon are generating passive income or active income. Sadly, in today’s world, most investors often confuse the differences between passive income and active income because, in this day and age. It’s not uncommon for people to have multiple side hustles but, a side hustle should never be considered to be passive income because it’s work that you have to do yourself. If you’re spending more than 4 hours per month managing your Portland Oregon rental property, that investment

investment

How To Find Real Estate Investment Deals In Portland Oregon

Are you planning on investing in Portland Oregon Rental Properties? If so, now is the perfect time to add more rentals to your portfolio of investment properties because, thanks to historically low mortgage interest rates, and demand for rental properties in Portland, it’s an ideal time to add more rental properties to your Investment Portfolio. In this article, we will share with you several tips that you can use for finding real estate investment deals in the Portland Oregon area. Tips For Finding Real Estate Investment Deals In Portland Tip #1 – Connect With A Local Realtor – The first

Rent Portland Homes

Tips For Building A Strong Real Estate Portfolio

Are you interested in building a strong real estate portfolio? If so, you’ve come to the right place! This article will provide you with a wide variety of tips that you can use for building a strong real estate portfolio that will last for generations to come. Tip #1 – Treat Your Real Estate Portfolio Like A Business The first thing that you want to do to build a strong real estate portfolio is to treat real estate as a business. This is imperative because many investors treat it as a ‘hobby’, and their real estate portfolios never really get

Single-Family Properties

Fall Maintenance Checklist For Single-Family Properties

Fall 2020 is here, and that only means one thing, winter is around the corner in Portland. With the start of winter, we can expect more rain and also snow. This is why fall is also a great time for owners to start focusing on routine maintenance at their single family properties.  In this article, we will provide you with a checklist of the most important items that you should focus on maintaining at your rental property this fall. Exterior Clean Up For Single Family Properties  The first thing to do this fall once all of the leaves have stopped

working from home

Portland Oregon Is A Great City For Working From Home

2020 has been a tough year due to COVID-19 and the impact that it’s had on our local economy including lockdowns and business closures but, despite the challenges that we’ve faced from the virus, the good news is that more people have been working from home than ever before in Portland Oregon. Why Is Portland A Great City For Working From Home? Portland Oregon is a great City for working from home because the area offers 24 high-speed internet service providers. This means that PDX locals have the opportunity to choose from the best internet services in the area that

property

7 Rental Property Improvements That You Can Make For Under $500 Each

Are you planning on making improvements to your Portland Oregon rental property in 2020? If so, you’ve come to the right place! With the arrival of fall, now is the perfect time to make improvements to your rental property, especially since the weather has cooled down and there still are a few weeks left until we see the arrival of snow in the Portland area. In this article, we will share with you 7 rental property Improvement tips that you can make for under $500 each. These rental property improvements will help to increase the value of your property while

Tips For Buying Single Family Rental Properties In Portland Oregon

Are you planning on buying single family rental properties in Oregon? If so, you’ve come to the right place. Now is a great time to add single family rentals to your portfolio of income properties because single mortgage interest rates are historically low and this makes it a great time to buy. In this article we will share with you several tips that you can use for buying single family rentals in Portland to add to your investment portfolio. Tip #1 – Do Your Due Diligence The first thing to do before buying a new rental property in Portland, or

rental listing scams

Rental Listing Scams Are On The Rise In Portland – Learn How To Protect Your Rental Property

Rental listing scams are on the rise in the Portland Oregon area and many owners are unaware that their rental properties have become part of the scams. Thankfully, the police have been able to help stop many of these scams from occurring but there are some that do fall through the cracks and the end result is either the landlord or the tenant loses money. How Do Rental Listing Scams Work? Rental listing scams are most often found on Craigslist because that’s where most landlords list their rental properties. These listing will look exactly like a normal rental listing and

landlord insurance

Landlord Insurance? Is Your Property Covered?

With much of the State of Oregon currently on fire, right now landlord insurance is more important for owners than ever before because fire can destroy a rental property in minutes. If you don’t have landlord insurance for your rental property, you should get coverage immediately because the unprecedented 2020 fire season could mean that we’re facing a fire season in Oregon that could last until November 2020 at the latest. What Does Landlord Insurance Cost? Thankfully, landlord insurance is affordable with most policies ranging from $822 to $1000 a year. The nominal cost of landlord insurance is certainly worth

portland oregon zoning laws

Portland Zoning Laws – How Will Recent Changes Help The Rental Market?

  Portland Zoning Laws were recently changed by the city council to make it easier for developers to build denser housing in the PDX area, especially on streets that were previously only zoned for single family homes. Will recent changes to the zoning laws help our rental market? The answer to this question is yes. Having more duplexes, triplexes and even fourplexes in the PDX rental market will of course create more housing and this is a good thing because housing still continues to be a ‘hot commodity’ in the Portland rental market, despite Covid-19. The recent changes to Portland

Property Management

DIY Management Vs. Property Management – Which Choice Is Better?

Are you thinking about investing in a Portland Oregon rental property but you’re trying to decide if you should manage the property yourself or hire a property management company? If you study real estate investment websites like Bigger Pockets, you’ll see that there is division among Real Estate Investors when it comes to DIY versus Property Management. Some investors will tell you that a new investor should manage their property themselves while others will promote the benefits of hiring a property manager. This is why in this article; we will break down both options to provide you with information on

Portland Metro Property Managemen

Reasons To Invest In Portland Oregon Rental Properties

Are you searching for information about real estate investing in Portland Oregon? If so, you’ve come to the right place! Even though 2020 has been a tough year for many people, Portland continues to be one of the best cities in the United States for real estate investing. In this article, we will share with you some of the reasons why you should consider investing in Portland Oregon real estate. Rents Here Are Still A Bargain The Portland rental market is still considered to be a bargain compared to other cities like Seattle and San Francisco. What’s even better is

property class

Real Estate Property Class – Learn More About Where You Should Invest In Portland

Are you planning on investing in a new multifamily rental property in the Portland area? If so, you’ve come to the right place! Learn more about property class types here. Before investing in just any multifamily property, you should think about the class of the rental property that you want to invest in. Understanding the multifamily rental class is important because, with the changes in the rental market, it’s more important than ever before for investors to be at the right place and the right time so that they can invest in rental properties where there’s a high demand for

walkthrough

Tenanted Property Walkthrough – Tips For What You Should Be Looking For

You may have a tenant under a 12-month lease but have you done a tenanted property walkthrough yet? This is by far one of the best ways to make sure that your rental property remains in good condition during the time that’s it’s being leased by a tenant but some landlords don’t like to do a tenanted property walkthrough because they don’t want to hassle their tenants. Thankfully, you can easily do a tenanted property walk through if you follow this checklist. Tenanted Property Walkthrough Tips  Inspect The Air Conditioner And Furnace Your tenant should have been instructed to change

Portland Oregon Landlords

Tips For New Portland Oregon Landlords

Are you searching for tips for Portland Oregon landlords because you just invested in your first rental property in the PDX area? If so, you’ve come to the right place. Owning rental property is a great way to build your net worth while generating passive income because, real estate has only continued to increase in value over the last 10 years, especially during the pandemic, because of the simple fact that people will always need a place to live. As the stock market has seen its ups and downs, owning rental properties makes sense because you can always earn stable

Checks Vs. Online Rent Payment – Which Option Is Better For Landlords?

If you’re just getting started with owning a Portland Oregon rental property, you may also be trying to decide between how you want your tenants to pay you. Some landlords are okay with checks while others want to stick with online payments. The big question is which payment option should you stick with? In this article, we will break down checks vs. online payments and provide you with insight on which option is right for you. Payments By Check Although there still are a few landlords that allow checks, the reality is that in the 21st Century rent payments by

rent

How To Set The Rent For Your Portland Rental Property

Are you searching for information on how to set the rent for your Portland Oregon rental property? If so, you come to the right place! Setting the rent for your property can be one of the most challenging aspects of being a landlord because of the simple fact that if you overprice your rental and ask too much, your property could sit on the rental market for a lot longer than you initially imagined until you have to lower the listed rent for the property to attract tenants. If you ask too little rent for your Portland Oregon rental property,

eviction moratorium

Oregon’s Eviction Moratorium Extended Until September 30th

As most states across the country continue to work hard to get back to some semblance of “normal”, it was only a matter of time until eviction moratoriums nationwide came up for renewal. The state of Oregon recently followed in the footsteps of California by renewing the state-wide ban on evictions until September 30th, although the eviction moratorium in Washington has only been extended through August 1st. There’s no denying that the initial eviction moratorium was a smart move for the state of Oregon to make because it kept unemployed tenants off the streets and stopped a wave of evictions

Should You Add Smart Appliances To Your Rental Property?

  Are you planning on updating your Portland Oregon Rental Property? If so, you may be thinking about adding smart appliances because most people are used to using smart appliances in 2020 and even grandparents feel comfortable using smartphones and other technology daily. In this article, we will provide you insight into what smart appliances you should consider adding to your Portland investment property. Smart Doorbell Smart doorbells are without a doubt one of the most popular smart appliances in 2020 because just about everyone likes to see who is standing at their door before they open them. Besides security,

emotional support animal

Emotional Support Animal – Should You Allow Your Tenants to Have One In 2020?

Have you been wondering if you should allow your tenant to have an emotional support animal living in their rental property? This is an understandable question to ask because in 2020, more people than ever before have emotional support animals regardless if they have a real issue that requires them to have one or not. What Exactly Is an Emotional Support Animal? An emotional support animal isn’t classified as a regular pet, it’s more like a service dog than anything else because its specific purpose is to help the owner with their disability. When you look at a legitimate animal,

Tips for Successfully Owning Portland Oregon Rental Properties

Are you just getting started with owning Portland Oregon rental properties for the first time? If so, you’ve come to the right place! Owning investment properties is one of the smartest decisions that any investor can make because of the simple fact that rental properties provide a consistent return on investment compared to stocks or other investment vehicles. Even though owning rental properties are a smart investment, many people are clueless about how to get started with actually being a landlord and managing them successfully. Thankfully, this article will provide you with several tips that you can use for successfully

Portland Property Managers

Tips for Selecting the Most Qualified Renters

Finding qualified renters is the key to success with owning rental property because of the fact that once you find the right tenant, you can have confidence that they will successfully rent from you for 12 months or longer. Sadly, some landlords make the mistake of choosing an unqualified tenant solely because they didn’t take the time to focus on tenant screening, background checks or looking into the rental history of a prospective tenant. The good news is that choosing the most qualified tenants can be easy, especially when you follow these simple tips. Tip #1 – Always Price Your

rental property improvement

Rental Property Improvement – Learn How to Improve Your PDX Rental Even If You’re on A Budget

Are you planning on updating your Portland Oregon rental, or are you focusing on rental property improvement, but, you’re on a budget? If so, you’ve come to the right place.  There’s no doubt. It can be challenging to update a rental property when your finances are tight; the good news, though, is that there are a wide variety of affordable budget-friendly updates. In this article, we will provide you with a list of budget-friendly updates that you can easily do yourself. Rental Property Improvement – Repaint Your Rental Property  One of the first budget-friendly updates that you can make to

Portland Oregon Accessory Dwelling Unit

Should You Build a Portland Oregon Accessory Dwelling Unit?

Are you thinking about investing in a new rental property, but you can’t decide if you want to move forward with buying one now or not? If so, instead of investing in a new rental property, why not invest in building a Portland Oregon accessory dwelling unit on your property instead? If you’re unfamiliar with what an accessory dwelling unit is, this article will break down ADU’s and provide you with everything that you need to know about getting started with building one on your property in Portland, Oregon. What Is an Accessory Dwelling Unit? Although they are currently referred

Are Portland Oregon Rental Properties Recession-Proof?

Have you been thinking about investing in Portland Oregon Rental Properties but you’re not sure if they are recession-proof or not? Yes, long term rental properties can be considered to be recession-proof because of the simple fact that people will always need a place to live, so there will always be a demand for them. You can ensure that your rentals will always be occupied with great tenants if you follow these tips. Tip #1 – Write A Great Rental Ad The first way to ensure that your rental property is occupied with a stable tenant during a recession is

abandoned rental property

What to Do When A Tenant Abandons Their Rental Property

Coronavirus has changed the world in every way, including the rental market, because what once was a stable rental market is now filled with uncertainty, or abandoned rental property, since most tenants have been under lockdown for months now and may be unable to pay their rents. Sadly, another big decision that many renters have to make the following coronavirus is if they are going to continue living in their rental properties if they are no longer working or are unable to find work in the coming weeks. Historically, in the world of property management, it’s not uncommon for some

Portland Oregon Rents

Portland Oregon Rent – Most Tenants Paid In April 2020

There’s no doubt that Coronavirus has impacted the Portland Oregon Rent market and as we entered the month of April most landlords and owners were concerned that their tenants wouldn’t be able to pay their rents this month.  Thanks to data from local housing groups though, we know that the majority of renters in the PDX area were able to pay their rents for April. This is good news since the closure of non-essential businesses and the lockdown has kept most people at home so there is a hope that Portland will be able to bounce back fast economically once

Image credit - Dennison Capen Group Realty

Airbnb Portland – Will It Survive After Coronavirus?

With the end of coronavirus in sight, and the reopening of the economy in Washington, California and Oregon in the works, many people who own short-term rental properties in the Portland area like Airbnb’s, are wondering if Airbnb is going to survive coronavirus. This is an excellent question to have because Airbnb had such a great run over the last five years, but the reality is that the company’s success can largely be traced to the fact that United States has enjoyed a prolonged Bull Market run in the stock market and Airbnb was largely untested. One thing that we’ve

Tips For Adding Value To Your Portland Oregon Rental Properties

Are you searching for things that you can do to add value to your Portland Oregon Rental Properties? If so, you’ve come to the right place! With the end to the coronavirus lockdown now in sight, and that entire state of Oregon about to reopen within the next 30 days, now is the perfect time for owners to start making plans for all the things that they can do to add value to their properties following the coronavirus pandemic. In this article, we will provide you with list of several things that you can do to add value to your

Now Is the Right Time to Convert Your Airbnb To A Long-Term Rental

There’s no doubt that Coronavirus is changing the rental market, especially in the Portland Oregon area where many short-term rentals and Airbnb’s have sat vacant for the last month or longer. Thankfully, investors who own sort term rentals can get them back into profit again by converting them to regular rental properties.  The Right Time For Long Term Rental Properties From Portland OR, to Boston, the outlook for the short-term rental market is grim because stay at home orders and lockdowns nationwide are killing short term rental properties as most Airbnb’s and other short-term rental properties have sat vacant. Will

Single-Family vs. Multifamily Properties – Which Option Is Better?

Are you thinking about adding a new rental property to your portfolio of Portland Oregon income properties this year, but you are struggling with deciding upon if you should add a single-family home or multi-family investment property? If so, you’ve come to the right place! In this article we will share with you several reasons why you should invest in multifamily or single-family properties. Why Invest In Single Family Homes? One of the biggest reasons to invest in a single-family home for your next Portland Oregon rental property is the fact that most renters when they think of home, they

Portland Is One of The Top Cities for Connectivity and Speed in The United States

Thanks to recent data from Commercial Café, we know that Portland is one of the top cities in the United States for internet connectivity and speed. This is good news for anyone for the PDX area because the economy is changing due to coronavirus and more people are self-distancing to stop it’s spread in the United States. Working from home in the Portland area is no longer a “trend” that few people engaged in. As of March 2020, we may see more people working from home for the next 30 days or longer as Oregon and other states grapple with

Portland Oregon Rental Market – March 2020 Update

Are you searching for information on the Portland Oregon Rental Market? If so, you’ve come to the right place! In this article, we will offer you the latest information on what’s happening in the local rental market. Average Rent As of March 2020, the average rent in Portland Oregon is $1,453 per month. The average rent has decreased by about 12% since the same period last year when it was over $1,600 per month. Right now, a one-bedroom apartment is renting for about $1,400 per month while a two-bedroom apartment is renting for about $1,600 per month. The good news

Reasons Why Short-Term Rental Properties Are Overrated In 2020

Are you thinking about investing in a short-term rental property in the Portland Oregon area but you’re not sure if this is the right decision for you to make or not? If so, you’ve come to the right place! In this article, we will share with you several reasons why we feel that short term rentals are overrated in 2020 and any investor who is debating if they should invest in a short term rental should seriously consider their decision to invest in the short term rental vs. a long term rental property. Reason #1 – High Risk of Regulation

Do Portland Oregon Student Rentals Make A Good Real Estate Investment?

If you’re a real estate investor, you may be wondering if Portland Oregon student rentals make a good real estate investment? The answer to this question is yes! Portland Oregon is without a doubt one of the top college towns in the United States thanks the University of Portland, Concordia University, Portland State University and of course Lewis and Clark College. People come to Portland every single year for the specific purpose of going to college here so one of the things that they will of course need is a place to live. What To Look For When Investing In

Step by Step Guide For What To Do When Your Tenant Leaves Things Behind

There’s no doubt that owning rental properties in Portland Oregon is a great way to build wealth and consistent cash flow on a monthly basis but it can also be a headache at times, especially if your tenant leave stuff behind after they move out. The good news is that dealing with tenants who leave things behind after they move out doesn’t have to be a hassle, especially if you follow these tips. Tip #1 – Confirm That Your Tenant Has Moved Out The first step to totally clearing out your PDX rental property is to verify that your tenant

Portland Homes For Rent

Tips for Renting Your Portland Oregon Rental Property for Top Dollar In 2020

Do you own a Portland Oregon Rental property? If so, your goal should be to rent your property for top dollar, but the reality is that it’s possible that you are renting your property for less than what you could be renting it for. The good news is that it’s still possible to turn things around and start renting your property for what it’s really worth, especially when you follow these tips. Do A Comparable Analysis Of Other Rentals In The Area The first step to renting your property for top dollar is to do some research online to find

Are Storage Units Worth The Investment For Your Portland Oregon Rental Property?

Are you searching for ways to add more value to your Portland Oregon rental property? If so, you come to the right place! In 2020, there are a wide variety of ways that you can add value to your investment property and one of the very best options is to consider is adding a storage unit to your property. Storage Units Are Easy To Install And Offer Your Tenants ROI The good news about adding extra storage space is that if you own a single-family home, duplex, or a small apartment building in the Portland area, you can easily purchase

Portland Metro Property Managemen

Portland Among Top Cities That Saw Highest Increases In Rent Nationwide

There’s no denying that Portland Oregon was one of the top cities in the United States that saw the highest increases in rent from 2010 through 2019. Thanks to a recent study by Property Club, we know that Portland recorded a 40% growth and went from boasting a median rent of $1,182 in 2010 to $1,657 in 2019, making it the city with the 7th highest jump in rent prices in the past 10 years.   What Made Rents Go Up? What made rents increase so dramatically over the years? Some of the things that were contributing factors to rent

Cash For Keys

2020 Economic Outlook – What Can Portland Oregon Landlords Expect?

If you’re a landlord in the Portland Oregon area, you may be concerned about what to expect this year in terms of the economic outlook because it’s also an election year and there is a lot of talk about financial reform among the Presidential candidates. In this article, we will share with you several predictions for the economic outlook you can expect in 2020. Jobs Market As of January 2020, the Portland jobs market remains steady and most economists predict that the PDX area will add the same amount of jobs as it did in 2019. The good news is

How to Get Rid of Mold from Your Portland Oregon Rental Property

One of the worst calls that you can get as an owner is from one of your tenants who tells you that they think there may be mold in your Portland Oregon Rental Property. If left untreated, mold can be a very expensive problem to deal with because, given the right environment, mold can grow fast. Sadly, winter is often one of the best times of the year for mold to grow in any home because it’s not uncommon for people to leave their homes, especially in the PDX area. If it’s snowing, a homeowner or renter will close up

rent

What Is Failure to Cure? How Should Owners Deal with It?

During the years that you own your investment property, you may encounter a troublesome tenant who has violated their lease in some way or has been late paying their rent. When these situations occur, you will send your tenant a notice which gives them a set period of time to “cure” the problem or they will face eviction. Depending on the lease violation, you will give your tenant the option to do the following: Pay their rent or leave. Stop breaking the rules, “cure” the violation or leave. An unconditional notice to move out of the rental property. Remember that