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

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Property Management Tips – 4 Things Portland Landlords Must Do In 2022

Owning a rental property is a great way to build passive income while generating wealth but there are 4 critical things that landlords must do, especially in 2022. #1 – Improve Tenant Screening Let’s face it, tenant screening is the ‘life blood’ of every rental business because if the wrong tenants are chosen, it’s possible that the landlord’s life will be crazy for the next 12 months. Thankfully, it’s thank ever before for landlord to screen their tenants, especially if they use online tenant screening and background check services like Rently. Besides using online services, landlords should also do their due

Property Management

Top Reasons To Fire Your Current Property Management Company

Are you thinking of firing your current Portland Oregon property management company but you’re not sure if this is the right decision to make or not? If so, you’ve come to the right place. There’s no denying that firing a company is never easy, but you can have peace of mind knowing that it’s time to let that property manager go, especially for these reasons. Reason #1 – Communication Is Not A Priority For Them Let’s face it, communication is essential, especially in the property management world because, one missed call, text, or email could lead to very costly problems.

landlords

Does A Move-In Walkthrough Benefit Landlords?

In today’s world, it’s not uncommon for some rental property landlords to do everything online and not physically see their tenants in person. Sadly, even though renting a property over the internet is convenient, the reality is that landlords are missing out by not having a rental property walkthrough. Even though owners want to utilize technology to market, screen, and place the most qualified tenants, the reality is that they shouldn’t neglect the rental property walkthrough, especially for these reasons. Reason #1 – Builds Trust With The Tenant The first reason why landlords should have a rental property walkthrough is

Should You Add A Raised Garden Bed To Your Portland Rental Property?

One important thing you must do as a landlord is always be looking for ways to get more ROI from your PDX rental property, and adding a raised garden bed is one way to do that. Raised garden beds are important because will attract renters who want to have outside space and those renters will most likely renew their lease because, tenants who feel more ‘connected’ to the property will be more inclined to stay, especially if they’ve grown plants or vegetables in the garden. What Does It Cost To Add A Raised Garden Bed? Thankfully, you can add a

rental property

Tips For Reducing The Wear And Tear On Your Rental Property

Wear and tear on a rental property is something that every landlord has to deal with because of the simple fact that it’s part of life. Thankfully, even though wear and tear can be a pain, landlords can reduce the wear and tear on their properties by following these tips. Tip #1 – Choose Durable Materials One of the best ways to limit wear and tear at a rental property is to choose durable materials. Investing in the best paint, flooring and other materials means that your property will be able to withstand more foot traffic and hold up over

property manager

Top Ways Property Managers Save You Money

Are you thinking about hiring a Portland property manager but you’re not sure if hiring someone to manage your properties will be worth the investment? Even though a property manager is going to cost you money, the reality is that a property management company also saves you money, especially in these areas. Better Technology In today’s world, property management companies work with the best technology possible, this means that we will screen and place the most qualified tenants for your property, collect rent, keep your property maintenance on track and so much more. High-Quality Contractors Let’s face it, you’re going

tenant

8 Traits of a Top-Tier Tenant—And How to Spot Them

Tenant screening is a vital part of being a landlord but during this process it’s also possible to approve the wrong people, especially if you don’t know which traits you should be looking for in a tenant. Thankfully, it’s easier than ever before to know what to look for in a tenant especially if you follow these tips. Not litigious Yes, landlords can and should minimize the odds of getting sued by being model landlords. But landlords can also avoid lawsuits by screening out litigious tenants. Some people love the idea of scoring easy money from a lawsuit. Even if a tenant doesn’t come

Tenant Screening: Why Checking a Tenant’s Rental History Report Matters

Tenant screening is one key to success when it comes to successfully owning rental properties in Portland Oregon, or elsewhere in the United States. Sadly, even though tenant screening should be easy for most landlords, it’s not uncommon for some landlords to make tenant screening mmistakes including not checking a tenants rental history. What is a rental history report? A rental history report is a report that contains information on a tenant’s current and prior housing. This may include the current address and the contact information for the landlord or property owner. The report should also contain two or three previous

rental property

Tips For Ensuring That Your Rental Property Is A Safe Place To Live

Did you invest in a Portland Oregon rental property recently but you’re concerned about the safety of that property? Rental property safety should be the #1 issue that landlords are concerned with because one accident or injury at your rental property could lead to a lawsuit and that property sitting vacant for months at a time. Thankfully, you can easily ensure that your rental property is safe by following these simple tips: Improve Stairs And Railings One of the most common areas of a rental property that often gets less attention than it should be stairs and railings. These areas

vacancies

How To Lower Vacancies And Increase Renewals In 2022

It doesn’t matter if you own rental properties in Portland Oregon, or elsewhere in the United States, vacancies can hurt your income because if the property is not occupied, it’s not earning income. Thankfully, staying on top of vacancies doesn’t have to be difficult, especially when you follow these tips. Tip #1 – Start The Renewal Process Early To Limit Vacancies When you’re at lease 3 months out from another renewal, you should contact the tenant to see what their long-term plans are and find out if they are interested in renewing their leases for another year. Contacting your tenant

rental property

Three Easy Updates To Make To Your Portland Rental Property

Are you planning on updating your Portland Oregon Rental Property in 2022 but you don’t have a lot of time? Thankfully, updating a rental property doesn’t always have to take a lot of time, or money, especially when you make one of the following updates. 1 – Update The Outlets In Your Property Let’s face it, outlets are typically one of the last things to get updated on a property because they are often forgotten about. Even though it’s easy to forget about electrical outlets, they are more important than ever before because we live in a world where people

self showing technology

Should You Use Self Showing Technology For Your Rental Property?

Are you thinking about using self-showing technology for your rental property in Portland Oregon? If so, you’re not alone. More landlords in Portland Oregon have been using self-showing technology in recent years, especially since the start of the Pandemic because this technology makes it possible for prospective tenants to tour rental properties themselves. The big question is self-showing technology right for you? In this article, we will break down the pros and cons of self-showing technology so that you will know what to expect if you choose this option for your rental property. What Are The Pros Of Using Self-Showing

rental

Should You Add More Storage To Your Rental Property In 2022?

Are you thinking about adding self storage to your rental property? This is a smart decision to make becaus the global self-storage market was valued at $48.02 billion in 2020 and it continues to grow. This statistic continues to climb each year as more people continue to store their items away from home, rather than sell the excess items that they can’t part with. If you’ve been thinking about adding more storage to your property, this is a smart decision to make because you can increase the ROI from your rental property while offering your tenants more value from their

rental property

Costly Mistakes That Will Kill Rental Property Profits

Owning rental property is an excellent way to build wealth while generating passive monthly cash flow but there are some things that landlords do that can kill their rental property profitability. In this article, we will break down several things that can impact rental property profitability so that both new and experienced landlords can avoid making these mistakes moving forward. Mistake #1 – Not Renting Vacant Units Quickly One of the costliest mistakes that a landlord can make is not turning over (renting) vacant units quickly. Some landlords are fond of waiting until after a tenant has moved out until

Mobile Home Vs. Multifamily – Which One Is Better In 2022?

Are you planning on investing in mobile home, or rental properties in 2022 but you’re not sure if you should invest in mobile homes or multifamily properties? There’s no denying that both real estate investments are ideal but the reality is that few blogs talk about the pros and cons of either investment. In this article, we will break down mobile home vs. multifamily and offer you our insights into which option is better. Mobile Home Vs. Multifamily Mobile Homes – With rents rapidly in the Portland area, mobile homes are becoming more appealing to renters because they are often

tenants

What Are The Best Ways To Keep Tenants Happy In 2022?

Owning rental properties is a smart investment but the reality is that if you don’t keep your tenants happy you risk losing them Thankfully, tenant happiness isn’t as difficult as it seems especially if you follow these simple tips. Tip #1 – Be Accessible To Your Tenants  When renting to new tenants it’s best to give them multiple ways to contact you so that they know how to reach you especially if their furnace needs to be repaired, or if they have another issue that has to be resolved immediately. You don’t want your tenants calling you 24-7 so it’s

rental property

How To Prevent Tenants From Damaging Your Rental Property

Owning rental property is a great way to build positive monthly cashflow but one of the biggest things that can hurt cashflow from a rental property is tenant damage. Thankfully, tenant damage can be prevented if a landlord knows how to address this issue with their tenant from the very start of the landlord-tenant relationship. In this article we will offer you several tips you can use for preventing damage at your Portland Oregon Rental Property. Tips For Preventing Damage At Your Rental Property Screen and place qualified tenants – One of the best ways for preventing damage at your

Tips For Checking A Tenants Rental History

Tenant screening is one of the keys to success with owning rental properties in Portland Oregon but even though it’s important, many landlords fail at checking a tenant’s rental history. Thanks to technology, it’s easier than ever before for someone to fake their rental history and completely false use references. The good news is that it’s easier than ever before for landlords to understand a tenant’s rental history if they know what to look for. How To Determine A Tenants Rental History Start the rental history report using pre-screening questions. The rental verification process starts when you first speak to

apartment building

Tips For Increasing The Value Of Your Apartment Building

Do you own an apartment building in Portland Oregon? If so, you know that it’s an excellent way to earn passive income but one of the keys to success with owning that property is increasing its value. Thankfully, increasing the value of your apartment building is easy, especially if you follow these simple tips: Resolve problems quickly – If a tenant has an issue with neighbors, other tenants, or maintenance, those issues must be resolved immediately or else the tenant may become dissatisfied and immediately look for another rental when their lease expires. Make improvements – Don’t wait until things

tenant screening

Tenant Screening Tips – Learn More About What Makes A Good Tenant

Tenant screening is one of the keys to success when it comes to owning rental properties in Portland Oregon, or elsewhere nationwide. What most new landlords don’t know is that screening can be a simple and effective process if the following steps are followed. Develop A Tenant Screening Process And Stick With It Screening isn’t that difficult once you get started but the key is to follow the same process with each tenant because doing so will help you to avoid being accused of discrimination or possibly sued by a prospective tenant if you choose to not rent to them.

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Investor Tips – When To Buy Your First Rental Property

Are you planning on investing in rental property in Portland Oregon, or elsewhere nationwide but you’re wondering when you should purchase your first property? Buying rental property is still a smart investment in the 2020s because people need housing and as long as you own a rental, you’re going to own an asset that’s in demand. When Should You Buy Your First Rental? Let’s face it, now is a great time to buy a rental property because more people nationwide are renting than ever before but before you submit an offer on a property, you should ask yourself these questions.

tenant

How To Analyze Portland Oregon Rental Properties

Portland Oregon Rental Properties continue to be smart investments because as the stock market fluctuates, income from rentals remains steady because people always need a place to live. If you’re thinking about buying your first rental property in the PDX area, this article will share with you several tips that you can sue for analyzing Portland Oregon rentals. Tips For Analyzing Portland Rental Properties Single-family homes Market “comps” determine the value of single-family homes, investment or not. These comps—or “comparables”—are nearby properties with similar characteristics. They share variables like floorplan, number of bedrooms and bathrooms, garage size, and amenities. A

rental property

What Are The Top Things That Portland Landlords Should Be Doing Each Year For Their Properties?

Owning a rental property in Portland, or elsewhere in the United States is smart investment but there are several things that landlords should be doing if they want to continue earning consistent ROI on a monthly basis from their properties. In this article we will break down some of the things that landlords should be doing, so that if you are a new or experienced landlord you may want to add these tasks to your schedule. Renew leases Unless you purposefully rent month to month, it’s wise to re-up your tenants to a year-long lease agreement. In most states, an

emotional support animal

Emotional Support Animal 101 – How to know if an emotional support letter is legitimate

Emotional support animals are more popular than ever before, and many people have them living with them in their rental properties but the BIG question is how do you know if an emotional support animal is legitimate or not? One step to confirming the legitimcy of an emotional support animal is a tenant must provide an emotional support letter from their doctor which proves that their animal is needed because the tenant deals with panic attacks, or another issue that requires them to live with that animal. If you’ve never received an emotional support letter before, this article will provide

landlord

What are the things landlords should be doing every year, but don’t do?

Rental properties continue to be an excellent investment in the 2020’s because more people are renting than ever before but if you’re a landlord, the reality is that there are wide variety of things that some landlords are not doing. Thankfully, in this post, we will offer you several tips of the things that most landlords are not doing, so that you can add these tasks to your calendar or to do list. Things Every Landlord Should Be Doing 1. Renew leases Unless you purposefully rent month to month, it’s wise to re-up your tenants to a year-long lease agreement.

property maangement

Property Management VS. DIY Management – Which Option Is Better?

Real estate continues to be one of the BEST investments in the 2020’s simply because of the fact that it’s an asset that’s more in demand than ever before but the big question is should you hire a property management company, or focus on DIY management, if you plan on investing in rental properties for yourself? In this article we will answer that question and provide you with insight into DIY management vs. property management, so that you know which option is the best for you. DIY Management – Read This Before Managing A Rental Property Yourself Even though some

passive income

Can You Still Earn Passive Income From Real Estate During A Recession?

If you’re thinking about getting started with Portland real estate investing, you may be wondering if it’s possible for you to earn passive income from real estate investing during a recession? This is a natural question to ask because anyone who follows the news can see that the economy is in recession that’s going to continue for the near future. Thankfully, it’s still possible to earn passive income from real estate investing especially if you diversify your real estate investments. In this article I will share with you several tips on what are the best real estate investments that will

inherited tenants

What to do about inherited tenants?

During the process of buying a multi-family, or single family, investment property you may realize that the property that you want to purchase is going to come with inherited tenants already in place. Once the deal closes, these tenants will officially become “your tenants” so you need to know how to deal with them professionally. In this article, we will share with you several tips for dealing with inherited tenants just that you have the right strategy for building a successful landlord-tenant relationship with them. Things To Know About Inherited Tenants Let’s face it, inherited tenants are without a doubt beneficial because

portland oregon rental propety

Should You Furnish Your Portland Oregon Rental Property?

Are you planning on investing in a new Portland Oregon Rental Property but you’re not sure if you should furnish it, or not furnish it? Even though many landlords typically don’t furnish their properties, the reality is that offering a furnished rental property to your tenants does offer the following advantages: Rent Your Property For Higher Rates – The first reason to furnish your PDX rental property is the fact that you can rent it for higher rates. This is because your property will attract tenants who are relocating to the Portland area, or moving without furniture, and want to

vacancies

Multifamily 2021-2022 – Here’s What To Look For

Are you planning on getting started with investing in multifamily but you’re also wondering what makes a multifamily property? There’s no doubt that real estate is an excellent way to earn passive income every month while building wealth but it may also be confusing for some investors who haven’t invested in multifamily properties before. The good news is that multifamily properties are not a complicated real estate investment, they are in reality one of the best cash-producing real estate assets on the market today. In this article, I’ll break down what makes a multifamily property, and offer you several tips

rental property

Rental Property Vs. Stocks – Which Option Is Better For 2021?

Are you thinking about investing in rental property vs. stock but you’re not sure which is the right decision to make? Even though this blog is devoted to investing in multifamily rental property, the reality is that both investments have an equal amount of benefits that investors should consider. This is why in this article; I’ll break down real estate vs. stocks and provide you with insight into which option you should consider investing in. Understanding The Differences Between Rental Property Vs. Stocks The first reason why you should consider investing in rental property is that for most investors, it’s

apartment

How to Increase Your Apartment Complex Revenue

Are you searching for ways to increase your passive income apartment complex revenue? If so, you’ve come to the right place. There’s no doubt that the last couple of years have been tough for many landlords across the United States, especially in states where rent control is now a reality. Coronavirus has made it more difficult for some landlords to make money than ever before since many people who were employed are now unemployed and this has of course cut into profits of landlords across the United States. Thankfully, there are a wide variety of ways that landlords can increase

Tips For Investing In Apartment Complexes

In 2021, more investors are interested in investing in apartment complexes than ever before. The reason why apartment complexes have risen in popularity over single-family homes is because more people are renting than ever before and they want to have the freedom/flexibility that comes from living in an apartment.  In this article, I will share with you several tips that you can use for investing in apartment complexes. Tip #1 – Make Sure Investing In Apartment Complexes Is Right For You One of the first things that you need to do before you get started with investing in apartment complexes

Are Landlords Required To Provide Air Conditioners In Portland Oregon Rental Properties?

It’s been a long, hot summer in Portland Oregon and for many people, hot days become all about survival, especially if they don’t have air conditioners in their rental properties. Under state law (ORS 90.320), landlords in Portland Oregon, and across the state, are not required to provide air conditioning in their rental properties. Landlords in the PDX area are required to make their rental properties habitable, this means that their rentals must meet basic conditions including being warm, dry, and pest-free. With Oregon summers only getting hotter, the big question is will more landlords start providing their tenants with

pool

Should Landlords Allow Tenants To Have Temporary Pools?

When it’s hot outside, it’s not uncommon for landlords in Portland OR, and across the United States, to get calls from their tenants about placing temporary pools in the yards of their rental properties. Everyone likes to cool off right? The big question is should landlords allow temporary pools? In this article, we will answer this question and provide tips for landlords on how to handle this situation. Huge Liability Concern Let’s face it, landlords invest in rental properties to earn cash flow, so why jeopardize that cash flow by allowing a tenant to place a plastic ‘kiddie pool’, or

Should You Rent Your Home Out In 2021?

Are you thinking about selling your home in 2021? But you’re also not sure if you should rent it out? This is an understandable question to have, because the real estate market is on fire, especially in Portland, where homes often sell for tens of thousands of dollars over their asking prices. In this article, we will provide you with insight into why you should rent your home, and the benefits that you will enjoy from being a landlord. Why Rent Your Home In 2021? Demand – The demand for rental properties in Portland, and other cities nationwide is only

accessory dwelling unit

Accessory Dwelling Unit – Should You Invest In One For Your Property?

  Portland Oregon, like many cities in the United States, has a shortage of rental properties, and this has led many owners to consider investing in an accessory dwelling unit for their homes. With an accessory dwelling unit (ADU), a homeowner can earn rental income from their property without having to build onto their home. In this article, we will break down what to expect when investing in an ADU so that you will know if this decision is right for you. Tips For Choosing The Right ADU Since the start of the rental crisis in Portland, ADU’s have gotten

house hacking

House Hacking Vs. Rental Property – Which Option Is Better?

Are you thinking about house hacking your Portland Oregon home but you’re not sure if it’s the right option for you? This is an understandable question to ask because many people are considering house hacking these days as a way to bring in extra income, but they aren’t prepared for the responsibilities that come with being a landlord. In this article, we will provide you with insight into house-hacking, and offering you tips on if you should try house hacking or rent your property out. What Is House Hacking? House hacking is the process of renting out one of the

portland oregon rental property

Should Your Sell Your Portland Oregon Home Or Rent It Out In 2021?

The Portland Oregon real estate market is literally on fire (like the rest of the United States) and it’s easy to see why any homeowner would want to sell their property but what if you don’t want to sell your home just yet? If you’re on the fence about selling your property, you may want to consider renting it out instead. Renting out your property offers you the flexibility and convenience of earning rental income from the property to pay for your mortgage while also being able to hold onto that property should you want to live in it again

Five Star Reviews – The Key To Success When You Own Rental Properties

Are you searching for the recipe for success when you own rental properties? The answer is five-star reviews. In today’s world, every tenant is going to look online first for reviews before renting and if a landlord has negative reviews, that landlord can expect their rental property to take a lot longer for them to rent. If you’re ready to grow your portfolio of investment properties, this article will provide you with a blueprint that you can use for getting more five-star reviews for your business. Tips For Getting More 5 Star Reviews Step 1 – Ask every new tenant

tenant cycle

Tips For Navigating The Tenant Cycle In Portland Oregon

One of the most important things to be prepared for as a landlord is the tenant cycle. Renting to tenants is much more than just finding a great tenant, screening and placing them in a rental property. Each part of the relationship with a tenant is part of the tenant cycle, and the cycle must be followed because eliminating one part of the tenant cycle could lead to less revenue than the landlord expects and potential problems for the landlord over time. In this article, we will break down the tenant cycle and offer you several tips for understanding how

Portland Oregon Home

Should you sell your Portland Oregon home or rent it out?

Are you thinking about selling your Portland Oregon Home but you’re not sure if you should wait, and rent it out? If so, you’ve come to the right place! The real estate market is on fire right now, as homes in Portland Oregon are selling for far about their list prices but the rental market is also hot as well, and many people don’t know if they should sell, or rent their homes out. In this article we will answer this question and offer you reasons why you should consider selling your home now vs. renting it out. Sell Vs.

Rental Property In Portland Oregon

Rental Property In Portland Oregon – Essential Items To Add To Your Lease

Having a ‘rock solid’ lease is one of the keys to success with owning a rental property in Portland Oregon, or elsewhere across the United States because a lease defines what a tenant can and cannot do when they live in the rental property. Although a lease is essential, the reality is that not every landlord takes the time to create a lease that provides their tenant with the framework that they need to have a successful landlord-tenant relationship. In this article, we will provide more information on the terms that every lease should define so that regardless if you

tenant

How To Protect Yourself From Portland Rental Housing Scams In 2021

Rental housing scams in Portland are on the rise again as scammers from Nigeria and other parts of the country have been targeting unsuspecting renters with rentals that are priced below market rates. Sadly, most people who have been scammed don’t realize that they’ve fallen for a rental scam until it’s too late. Thankfully, there are several things that renters can do to avoid Portland Rental Housing Scams including the following: Always Talk With A Landlord, Or Property Manager, Before Viewing A Rental Property Even though rental property tours can be booked virtually in 2021, you should always talk with

cash for keys

Cash For Keys Vs. Eviction – Which Option Is Better?

As we rapidly approach the end of the CDC Eviction Moratorium, most landlords in Portland, and across the United States, will be looking at the date when they can finally move forward with residential evictions once again. Even though evictions may seem like the only option for some tenants, the reality is that it’s not, because, cash for keys is also an option that landlords should be willing to consider as well. Understanding Cash For Keys Vs. Eviction When it comes to cash for keys, it’s quite simple as easy as it sounds, the landlord is going to give their

Investing Vs. Speculating – How To Find The Right Portland Oregon Rental Property

If you’re thinking about buying a Portland Oregon Rental Property, one of the most important things that you must do as an investor is to determine if that rental is going to be a great investment or not. Many investors are in the business of speculating, and they don’t take the time to determine if a property will be right for them or not. Don’t let this happen to you! Take the time to thoroughly investigate a rental property in Portland, or elsewhere nationwide, before you invest your hard-earned money in it. Tips For Finding The Right Portland Oregon Rental

investors

How Will Changes From The Biden Administration Affect Investors?

2021 is shaping up to be a year of changes for everyone, especially for real estate investors in Portland Oregon, and across the United States, because the Biden Administration is set to make several changes which could affect investors. In this article we will cover several of the big changes that real estate investors could face, and we will offer you tips on how to navigate those changes ahead. The Benefits Of The 1031 Exchange May Be Ending For Most Investors It doesn’t matter if you own rental properties in Portland Oregon, or elsewhere nationwide, it’s more than likely that

Portland Metro Property Managemen

5 Reasons Why Rental Properties In Portland Make An Excellent Investment

Are you thinking about investing but you’re not sure if you should invest in rental properties in Portland Oregon or Stocks? Even though the stock market and Bitcoin are both irresistible investments right now, the reality is that Portland Oregon rental properties are also an excellent investment, especially for these reasons. Reason #1 – Stable And Predictable Throughout the ups, and downs, of the economy, and the stock market, rental properties have continued to remain fairly stable and predictable because they are an asset that people must have so single-family rentals, apartments, townhomes, and condos rentals will always be in

landlords

Tips For New Portland Oregon Landlords

In 2021, rental properties continue to be one of the best investments in the United States for landlords, but becoming a landlord is another story. The road to becoming a profitable landlord can be filled with ups and downs especially if you don’t know “how to be” a landlord if you’ve never owned a rental property before. Thankfully, there are thousands of landlords that have come before you how have successfully owned rental properties. This is why in this article we’re going to share with you our tips for New Portland Oregon Landlords. Tip #1 – Treat Your Rental Property

What Is The Outlook For Urban Multifamily Properties In 2021?

Multifamily properties are an excellent investment because they enable investors to earn passive income while building wealth but the big question is what about urban multifamily properties? Do they offer the same income potential as other multifamily properties nationwide? In this article, we will break down urban multifamily properties and provide you with our outlook for them in 2021 and beyond. What Is The Outlook For Urban Multifamily Properties? Thanks to EY’s 2020 Global Alternative Fund Survey, we know that the outlook for urban multifamily properties is strong in 2021. Yes, Covid-19 affected urban multifamily properties in 2020 as many