Freezing Weather Event and Water Pipes in Oregon 01/12/2024

As you are likely aware, an Artic event is approaching with potential snow. Here are a few things to protect your water source from freezing, or worse burst pipes. We want to be sure you maintain water through this and other weather events. Below are some instructions and tips to keep your water flowing. Please…

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Oregon Senate Bill 599 Family Child Care and Rental Homes

Oregon Senate Bill 599 takes affect on January 1, 2024. The bill makes an attempt to add additional child care options for Oregon families. With limited exceptions landlords will be required to allow child care in their rental properties. Oregon is experiencing a shortage of child care options available to families in need of before/after…

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7 Tips To Market and Rent Your Oregon Rental Property

1. Take Great Photos. Take photos of every room so prospective tenants can get an idea of the space and layout. In addition, take a quick video walking through the home as you would if you were giving an in-person tour. Pro Tip: Create a 360 degree walk through tour. Photo/prep tips:  By giving people a…

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DO YOU INSPECT YOUR PROPERTIES?

Regular Interior Inspections are very important for many reasons. None more important than to find safety violations. Today during a yearly interior inspection our team member found a burnt GFI outlet. We questioned the resident and they didn’t know it was a problem. They just noticed some plugs didn’t work and they had to reset…

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Biden Administration – Tenant’s Bill of Rights

This is the latest update from our Association the National Apartment Association. Last night, the National Apartment Association (NAA) participated in a White House call previewing the Administration’s blueprint for advancing “a Renters Bill of Rights,” an explicit campaign promise from President Biden. This call followed months of engagement between NAA and the White House, alongside other…

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Rent Rates Retracting in Portland Metro Service Area

Based on recent headlines and data it appears rental supply is increasing and will continue to as the sales market slows. Our Portland Metro Service Area has experienced rent rate declines slightly during the last 3 month period of Sept-Nov 2022. As Airbnb rental vacancies increase many are expected to filter into the long term…

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Rental Housing Detached Units Declined 30 Percent in Portland

Not unexpected by those in the Rental Industry, Rent Control hurts those it intends to help. The Oregon Association of Realtors and Multi Family NW retained ECONorthwest to conduct an independent study. The study determined that rental housing declined 30 percent in the City of Portland from 2015 through 2020. Summary The number of single…

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Going From Homeowner To Real Estate Investor

Many homes we manage were previously occupied by the owners. Maybe you lived there five years or perhaps twenty. Maybe it’s where you raised your children that are now grown and have moved out. The house may have been the backdrop for a lot of memories but once you move and turn it into a…

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Setting Market Rent in Oregon and What You Need to Know

The most common question among investment property owners is “how much can I rent my house for”? You cannot set your rent arbitrarily. Too high and you run the risk of longer vacancies. Too low and you’re losing potential income. Especially when your setting market rent in Oregon. There are many things that must be…

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The Most Common Property Maintenance Issues People Overlook

If you own property, then you must make sure that you take care of it appropriately. Particularly if you are renting your property out to someone else, you must take steps to reduce your overhead expenses. One of the best ways to do exactly that is to take care of each individual part of your…

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