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

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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

Tips for Getting A Better ROI from Your Rentals In 2020

2020 is here and if you’re like most owners nationwide, you’re mapping out your goals and thinking about ways that you can get more ROI from your rentals in the new year. The good news is that getting more ROI from your rentals is easy to do. In this article, we will provide you with a breakdown of some of the ways that you can increase the revenue from your rentals in the coming year. Add More Revenue Streams You’ve made the right choice by investing in real estate but did you know that you can get more ROI from

Rental Property Inspection – Tips For What You Should Review During The Inspection

One of the very best things that every landlord should do is schedule an inspection of their rental property quarterly, or every 6 months. This is important because an inspection will be an opportunity for the landlord to investigate the condition of the property and verify if their tenant has been following the rules of the lease or not. What To Look For During An Inspection It doesn’t matter if a tenant has been living in a property for 3 months or 6 months, there are a variety of things which every landlord should be reviewing during inspection including: 1.

2020 Goals – What Improvements Should You Make to Your Investment Properties Next Year?

The new year is literally around the corner and as many people are getting ready for Christmas, most real estate investors are planning for the new year including mapping out their 2020 goals. Some of our favorite books on goal setting include the 10X Rule, The Art of Setting Smart Goals, Your Best Year Ever, and Atomic Habits. If you’re getting ready for the new year and are thinking about making some upgrades to your investment property this year, this article will provide you with a list of improvements that you should consider making. Outdoor Improvements Obviously, even though your

Not Ready To Manage Your Own Investment Properties In 2020? Hire A Property Manager Instead

In the real estate investment world there’s always talk about things like “house hacking” or other solutions that investors can use to make money with real estate investing. Sadly, many of these solutions cost time and money when the real solution that an investor should choose is to hire a property manager instead. Benefits Of Hiring A Property Manager From the moment that you decide to hire a property management company you can rest easy in knowing that all of the day-to-day aspects of owning a rental property are being handled by professionals. Some of the many solutions that we

Getting to Know Commercial Real Estate Investing

Are you planning on investing in real estate? If so, you may be debating investing in residential vs. commercial real estate and are wondering if there’s a difference. The answer to this question is yes. In this article, we will break down commercial real estate investing and provide you with all of the information that you need before you make your first commercial real estate investment. What Is Commercial Real Estate? Commercial real estate is a property that’s been leased out for retail and business purposes. When it comes to multifamily properties, any property that has more than one unit

What Is The Eviction Process For Portland Oregon?

Are you a landlord who is looking for more information on Portland Oregon evictions? If so, you’ve come to the right place. In this article we will break down the eviction process for the PDX area and provide you with some tips on how to navigate the complex process of eviction in Portland, OR. Eviction For Month-To-Month Tenants Do you have a month-to-month tenant living in your Portland rental property? If so, even though they are on a month-to-month lease, the law states that you must provide your tenant with a 30-day notice. In some cases it’s possible to evict

Portland Sees the Lowest Rent Growth but Has the Most Apartment Construction

Over the last five years, the Portland Oregon rental market has experienced a problem that’s been felt by all renters, the problem of rent increases and too few rentals to choose from. One of the biggest reasons why we’ve had few rentals to choose from in the PDX area has to do with how housing construction slowed down following the 2008 financial crisis. Now that construction is picking up, it’s looking like rent growth is slowing and this combination of slow rent growth plus more housing inventory could be a win-win combination for renters. Portland Is Now More Affordable Than

Ways To Protect Yourself Before Buying Cheap Real Estate

There’s no doubt that one of the great things about the Internet is that you can search for investment properties anywhere in the world right from the comfort of your computer. During the process of searching for investment properties you may come across one or more cheap real estate deals. Even though the real estate may be cheap, you absolutely must restrain the desire to buy that cheap property sight unseen without first taking the time to verify that it indeed will make a great investment property for your portfolio. In this article we will provide you with several ways

Profitable Moves That You Can Make with Your Portland Oregon Rental Property

As someone who owns Portland Oregon Rental Property, you know that it’s not always possible to raise the rents to increase your profitability. This doesn’t mean that you should try to increase your profits though, there are a variety of other ways that you can increase the profits from your PDX rental simply by following these tips. Shop Around for the Best Deal on Insurance For Your Portland Oregon Rental Property  As a Portland houses for rent by owner, you know that insurance is a vital part of your business because landlord insurance protects you financially should something happen to

Tips for Dealing with Water Damage at Your Portland Oregon Rental Properties

If you own Portland Oregon Rental Properties, one of the biggest things that you have to be prepared for is water damage because the PDX area can get heavy rainfall and snow during the winter and spring which can easily cause water damage in a rental property fast. In this article, we will share with you several tips you can use to prepare for water damage before it occurs and steps you should follow for dealing with water damage in your Portland rental property. Tips for Preparing for Flooding Since time is of the essence when it comes to flooding

5 Tips for Cleaning Your Portland Rental Property While You’re Between Tenants

Do you own a Portland Oregon Rental Property that’s currently between tenants? If so, one of the things that you’re most likely doing right now is getting your property cleaned and ready for your future tenant. In this article, we will share with you 5 tips you can use for getting your PDX rental property cleaned and ready for the next tenant who will live in your property. Tip #1 – Replace Older Furnishings and Appliances in Your Portland Oregon Rental Property Does your rental property have older furnishings and appliances? If so, you can only clean them a certain

Emotional Support Animals – How Landlords Can Confirm If A Tenant Has A Real Support Animal or Not

There’s no doubt that times are changing for landlords in Portland Oregon and across the United States and one of the latest trends that we’ve seen rise in the last 10 years is the increased use of emotional support animals. What are emotional support animals? They are animals that are technically not classified as pets. ESA’s are prescribed by a doctor or mental health professional to someone who has a real mental issue and the presence of the animal helps their patient’s mental health. Emotional Support Animal Scams With the rise of emotional support animals in recent years, we’ve seen

How to Know When Someone Will Be A Great Tenant for Your Portland Oregon Rental Property

There’s no doubt that if you’re a Portland Oregon landlord, having tenants is the “lifeblood” for your business but the big question is how can you find someone who is going to be a great tenant? If you’ve owned Portland investment properties for a while, you know that tenants always come in different shapes, sizes, and from all walks of life. The good news is that there are a variety of indicators that you can use to determine when someone is going to be a fantastic tenant. In this article, we will provide you with a list of indicators to

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Why Hire Rent Portland Homes to Be Your Portland Oregon Property Management Company?

Are you thinking about hiring a Portland Oregon Property Management company? If so, there’s no doubt that you have a lot of choices out there but in the end, the company that you choose all boils down to hiring a company that you can trust. In this article, we will share with you more information about our company so you can have confidence in hiring us to be the company to assist you with Portland Oregon Property Management rentals. Why Rent Portland Homes? Unlike some corporate property management company, Rent Portland Homes was founded in the Portland area by people

Maintenance Costs Out of Control? It’s Time to Hire A Property Manager

Are your Portland Oregon Rental Property Maintenance costs upside down? If so, it’s time to hire a property manager. At Rent Portland Homes we specialize in full-service property management and we also have a dedicated maintenance department on staff that will professionally handle all issues that your rental property may have. Get Control of Maintenance Let’s face it, property management can indeed be a pain if you have to maintain your rental property yourself. Thankfully, when you hire Rent Portland Homes you can finally get control of maintenance costs while also eliminating the hassle of having to maintain your investment

Should You Ban Certain Dog Breeds from Your Rental Property? Yes!

It doesn’t matter if you own rental properties in Portland Oregon for one year, or 30 years, you’re going to come across prospective tenants who have dogs. As a landlord, you’re going to have to make a decision if you should ban all dogs or ban certain breeds from living in your rental property. If you’re not up to speed with which dog breeds you should ban, this article will provide you with tips on dog breeds that you should consider banning and which ones you should allow. Which Dog Breeds Should You Consider Banning? Rottweilers – Yes, it’s true

Portland Rental Market News for September 2019

After a few months of calm in the Portland Rental Market, rents are starting to climb once again and have in fact gone up by over 3% in the last year compared to one year ago when rents went up by roughly 1%. There was hope that the supply of new apartments across Portland, combined with new statewide rent control legislation, would stop the rent increases but we’re seeing them go up once again. Keep in mind that 3% is still a long way from the rent increases that we saw in 2015-2016 when rents increased by over 10% but

5 Tips for Staying Safe During the Eviction Process

Evictions are something that no landlord likes to think about but the reality of owning a rental property is that at some point in the future you may have one tenant that you have to evict. The good news is that you can protect yourself during the eviction process by following these tips:  Tip #1 – Stay Away from Non-Essential Communication with Your Tenant Non-essential communication may happen during the eviction process because your tenant is going to be upset about being evicted and may blame you. It’s best to avoid any communication that isn’t essential to the eviction because

Lease Enforcement – The Key to Consistent Investment Property ROI

If you ask any owner about what are the “keys to success” with owning investment properties they will tell you that it’s either Portland Oregon Property Management, tenant screening, consistent maintenance or all of the above. The reality is that there are many areas that will benefit you when you own investment properties but the real “key to success” when it comes to consistent ROI is lease enforcement. Lease enforcement is quite simply taking the time during the year to inspect your investment property and make sure that your tenant is following every rule of your lease while doing their

Tenant Screening Tips Every Landlord Should Know And Follow

It doesn’t matter if you’ve owned rental properties in Portland Oregon for years, or are just getting started, tenant screening is the “key to success” with finding the most qualified tenant. What exactly is tenant screening? It’s taking the time to fully investigate each tenant including their income, FICO score and employment history just so you will be able to have confidence that they can afford to pay the rent on time each month. When you screen a tenant, you literally have the ability to know everything there is to know about a potential tenant and save yourself the time,

Rent Portland Homes

Questions To Ask Before Investing In Your First Portland Oregon Rental Property

Are you planning on investing in a Portland Oregon rental property for the first time? If so, you’re making a smart choice! In 2019, owning rental properties in the Portland area continues to be a smart investment because interest rates continue to remain low while affordable properties are still out there. Before you invest in your first property though there are a variety of questions that you should ask including the following:   Do you really know what you’re getting into?There are many different types of opportunities for investment. Is investing in real estate really what’s best for you? It’s