Rental Owners
High 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 More10 Ways Renters Insurance Protects Oregon Landlords
Residents may not consider renters insurance a top priority in this current economy when every penny counts. Landlords may think that this insurance is only for the benefit of the residents, so if the renter balks at carrying this coverage, the rental property owner may not require it. There are many reasons landlords or property…
Read MorePros and Cons of Buying a Rental with Tenants in Place in Oregon
Purchasing a rental property can be a terrific investment. Especially one that already has a demonstrated history of maintaining steady occupancy. Before taking the plunge into this investment area, it is important to not assume the property is vacant. Acquiring an investment property with already established tenants has its pros and cons, here is what you…
Read MoreI Oppose Oregon Senate Bill 282
Property rights are under attack [again] in Oregon. This proposed Senate Bill simply goes too far and extends the madness we have been dealing with for another year. I urge you to provide your own testimony. There is no time to waste, the hearing is scheduled for March 4, 2021 at 1:00 pm PST. Here…
Read MoreUpdate to the Oregon Landlord Compensation Fund from Oregon Housing and Community Services
February 22, 2021 OREGON LANDLORD COMPENSATION FUND PROGRAM Oregon Housing and Community Services (OHCS) received a tremendous response to the first round opening of The Landlord Compensation Fund. Thank you to all those who continue to express interest in the program and provide feedback. The enthusiastic response to the program opening is outpacing our staff capacity to respond…
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