Rental Owners
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 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 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…
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 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 More