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…
Read MoreRent 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…
Read MoreRental 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…
Read MoreGoing 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…
Read MoreSetting 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…
Read MoreThe 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…
Read MorePets Should Landlords Allow or Not Allow Them
“Do you accept pets?” is one of the most common questions a landlord will face. These four little words can instill fear in the hearts and minds of most landlords. Pets can cause damage to your rental property that most tenants would never be able to do on their own. We’re not talking about a…
Read MoreReady to Show your Oregon Rental Property to Prospective Tenants?
Exciting news! It’s time to show your Oregon rental property and find a tenant to move in and pay rent. You’re about ready to start making money on your investment and if you’ve spent weeks or even months preparing your home to rent, you should be really excited you’ve made it to this point. While…
Read MoreBackground Screening Potential Tenants For Your Oregon Rental Property
Looks Can Be Deceiving – The Importance of Applicant Background Screening If you own a rental property, chances are you fall into one of two groups – experienced investor or “unexpected landlord”. Right now, let’s focus on the latter – the “unexpected landlord.” What exactly does that mean? Unexpected landlords are those who aren’t in…
Read MoreFailure to Pay Rent on Time– Eviction Isn’t Always the First Answer
As a landlord you count on your tenants to pay rent on time. Many landlords count on rent to pay mortgages or bills. It is all part of their cash flow. But what happens when a tenant fails to pay rent? Not all failure to pay rent situations are malicious. There are several legitimate reasons…
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