Oregon Security Deposits 101 – What You Need to Know
If you are a first-time renter, you may be scratching your head and wondering what in the world is a security deposit. Most (if not all) leases require a tenant to pay a security deposit at the time of signing. It is important that you understand what a security deposit is, your rights when it…
Read MoreHigh Tenant Turnover and How to Avoid it
The return on investment, or ROI on a vacant rental is less than nothing. That is not exactly good news. High tenant turnover can be costly and time consuming. Not only do you probably count on rent payments to pay your own mortgage or bills, you also will find yourself in the position of frequent…
Read MoreEverything You Need to Know When a Tenant Requests an Early Termination in Oregon
You have a great tenant who pays rent on time. They take care of your property as if it were their own. Everything is going along fine and then boom! They request an early termination. “They can’t do that,” you say. “They’ve signed a legal document binding them to the terms!” While leases serve to…
Read MoreAmericans with Disabilities Act (ADA)and Rental Property What you need to know
In 1990, Congress passed The Americans with Disabilities Act (ADA). This legislation “prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation and all public and private places that are open to the general public.” Housing is also included under the ADA, so as a landlord you need to…
Read More6 Reasons You Need A Property Manager To Maximize Your ROI In Oregon
If you have a property that generates income, you probably want to maximize your profits without too much wear and tear on the property itself. Finding the right tenants and keeping the property occupied and well-maintained can help you produce more income over a longer period of time.However, if you have a full-time day job,…
Read MoreIt’s Hot Out There Here Is a DIY Air Conditioner Hack
With the the heat expected to reach 110 degrees or more in the Portland area this weekend, this Air Conditioner hack could help make a room bearable for you. Watch this video all the way through as TKOR tests different design improvements. His final design around the nine minute mark results in a cooling temperature…
Read MoreFederal Fair Housing Act – Know the Basics
Owning and leasing properties is a two-way street. Both landlords and tenants have rights and responsibilities. Understanding the laws, both at the state and federal levels, and establishing a transparent line of communication is the first step to a positive relationship. Let us start with the Fair Housing Act established back in 1968. What is The…
Read MoreAre Home Warranties a Good Option for Investors
Home warranties are frequently misunderstood because they are often confused with insurance policies. Warranties are a service contract designed to cover certain types of repairs, but usually reserved for items such as major kitchen appliances, along with electric, plumbing, and HVAC systems. These policies do not cover most problems that insurance policies cover. Home warranty…
Read More6 Tips for Effective Landlord-Tenant Communication
Embarking on a relationship with a new tenant is like starting a new friendship. Communication that is transparent, honest, and respectful is key to developing professionalism and trust. Communication is a two-way street and starting off by laying the ground rules and expectations can make a big difference in the landlord/tenant relationship. When landlords build positive relationships…
Read MoreLooking For A Rental Why your Credit Score Matters
Searching for the ideal rental is an exciting time, but it is important to understand potential hurdles. Landlords and/or property managers will be carefully vetting potential tenants and, as a part of this process, they will be checking applicants’ credit score and perhaps a full credit report. Property owners want to be certain you will…
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