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

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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

multifamily

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

portland

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

4 Affordable Ways To Improve Your Portland Rental Property’s Curb Appeal

Are you thinking about improving the curb appeal of your Portland Rental Property but you don’t know how to get started? If so, you’ve come to the right place! Even though your rental property landscaping may look tired and outdated, you can easily get it back in shape by following these tips. Tip #1 – Power Wash The Sidewalks And Driveway One of the best things that you can do to clean up the curb appeal of your property is to power wash the driveway and sidewalk in front of your property. Doing this will remove years of dirt and

Portland Property Management Rentals

What Is More Cost Effective? Renewals Or Renting To New Tenants?

If you own rental properties in Portland Oregon, you know that they are an excellent way to build wealth while establishing monthly cash flow. There’s no denying that the cash flow can be great but, the big question is it more cost effective to have tenants renew their leases, or to rent to new tenants? In this article, we will answer this question and provide you with insight into which is the better choice for landlords. Rental Properties – Lease Renewals vs. New Tenants Even though there are plenty of opinions in the real estate investing world on the topic

emotional support animals

Emotional Support Animals – Do all animals qualify?

Emotional support animals have been in the news a lot in recent years as it’s not been uncommon to see people with every conceivable emotional support animal from dogs, snakes, and cats, to small horses. The big question is what exactly is an emotional support animal, and do all animals qualify? In this article, we will answer this question and offer you several tips that you can use for understanding emotional support animals, and how to know to respond to one of your tenants if they want to have one live in their unit, or rental property. What Are Emotional

SE Portland Homes

7 Reasons Why Rental Properties Are The Best Investment

Are you thinking about investing in rental properties in Portland Oregon but you’re not sure if investment properties are a better investment than stocks, bonds, mutual funds, or Bitcoin? Even though there are a wide variety of investment options available in today’s world, rental properties continue to be the best investment, especially for these reasons. Reason #1 – Consistent Cash Flow From Rental Properties When you invest in properties, the number one thing you can expect is consistent cash flow because people always need a place to live. Reason #2 – Demand Over the last 20 years, the demand for

apartment

How Is A Multifamily Property Market Analysis Done?

Are you planning on investing in a Portland Oregon Multifamily Property but you’re also wondering how a market analysis is done for multifamily properties? If so, you’ve come to the right place! At Rent Portland Homes, we have decades of combined property management experience and can provide you with excellent property management services so that you can have confidence that the units in your multifamily property are renting for top dollar. In this article we will offer you several insights into how we do a market analysis for multifamily properties in Portland Oregon. Multifamily Market Analysis Explained When doing a

portland rental properties

What Are the Advantages of Owning Rental Real Estate In Portland Oregon?

Are you planning on investing in rental real estate in Portland Oregon but you don’t know if now is the right time for you to invest or not? If so, you’ve come to the right place! In this article, we will share with you some of the advantages that come from investing in Portland Oregon rental real estate so that you can have confidence in knowing that right now is the best time for you to invest. Advantage #1 – You Will Have Fixed Expenses With any other business that you could start there’s always going to be expenses and

affordable rental portland oregon

What’s Happening With The Portland Oregon Single Family Rental Market?

Are you thinking about investing in Portland Oregon Single Family rental properties but you are not if that’s the right decision to make or not due to Covid-19? In this article we will break down what’s happening with the local single family rental market and offer you some tips for investing in single family homes in 2021. Portland Oregon Single Family Rental Market 2021 Investors know that single family rental properties are always in demand in the PDX area because renters like to have more space without being connected to walls. Even though the Pandemic has taken a toll on

rental property

Seven Improvements You Can Make To Your Rental Property For Under $500 Each

  Are you planning on updating your Portland area rental property in 2021, but you don’t know where to start? In this article, we will share with you 12 improvements that you can make to your PDX rental property for under $500 each. Tip #1 – New Paint If you’ve painted your rental property before, you know that it’s not always possible to paint the entire property for under $500 but you can use your budget to paint several rooms inside your property. Instead of sticking with white, consider investing in other neutral paint colors, this will help your property

property management

Tips For Listing Your Rental Property Online In 2021

Are you planning on listing your rental property online in 2021? If so, you’ve come to the right place! Even though it looks easy, renting property online takes and work, especially if you’re committed to finding the most qualified tenants for your property possible. In this article, we will share with you several tips for renting your Portland rental property online like a pro. Tip #1 – Deep Clean Your Rental Property Before moving forward to renting your property, the first thing that you should do is have it deep cleaned by a professional. Deep cleaning is important because you

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

landlords

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