Rental Owners
Leasing Site Traffic on the Rise in Oregon
COVID-19 has impacted the Property Management industry since the pandemic and closures took place nationally. Across the nation, my peers and I through social media groups, local and national trade conversations and direct interaction sought out ways to maintain business continuity. Although there are undoubtedly more changes and innovation to come there is progress and…
Read MoreReal Estate Market Conditions Portland Area for May 2020
May Residential Highlights New real estate listings (3,419) decreased 30.3% from the 4,902 listed in May 2019, and increased 20.1% from the 2,847 listed in April 2020. Pending sales (3,112) decreased 5.5% from the 3,292 offers accepted in May 2019, and increased 52.5% from the 2,041 offers accepted in April 2020. Closed sales (1,963) decreased…
Read MoreCOVID-19 Property Management Update March 23, 2020
Oregon Update Governor Kate Brown issues a 90 day moratorium on residential evictions. Details will be provided as the executive order becomes available. Forbearance for Multi-Family Mortgages The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac, the Enterprises will offer mortgage forbearance for multifamily property owners, under the condition that…
Read MoreCOVID-19 Property Management Update March 19, 2020
State of Oregon On March 8, 2020 Governor Brown declared a state of emergency due to COVID-19 The Oregon Judicial Department issued an order imposing “Level 3” restrictions on all court operations through March 27, 2020 with the possibility of extensions. The order addresses all FED proceedings in the following ways: All first appearances for…
Read MoreCOVID-19 Property Management Updates
Blue Roof Property Management We have initiated protocols to protect our residents, our vendors and ourselves from exposure. Our office is virtually capable and we are operating with limited disruption to service. With guidance from the CDC, Oregon Health Authority, our Housing Associations and peers should help to alleviate exposure and the spread of COVID-19.…
Read MoreHow the Housing Market Benefits with Uncertainty in the World
It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains,…
Read More5 Ways To Help Retain Renters and Reduce Turnover
Begin with a positive experience. Start out on a positive note by making sure everything is transparent and communicated to all new tenants. Encourage tenants to communicate with you and your and staff. Make sure the tenant has all the appropriate contact information and knows to contact you with any problems or concerns. Complete maintenance…
Read More$60 Per-Unit Fee proposed to fund City of Portland Rental Housing Programs
On July 17th the Portland Housing Bureau unveiled a plan to assess a $6 per-unit annual fee to fund the city’s rental housing initiatives that it has failed to pay for. It’s anticipated that this $60 per-unit fee proposal will be presented to Portland City Council on Wednesday, July 31st. This is a CALL TO…
Read MoreWhat you need to know about Assistance and Emotional Support Animals
Assistance Animals, also known as Service Animals are protected under the American Disabilities Act. These animals provide a much needed service to the disabled party to make their life easier. Another type of support animal is an Emotional Support Animal. These animals do not necessarily assist with the owner with a task. They help individuals…
Read More5 ways to reduce risk associated with Managing your Investment Real Estate in Portland and Salem Oregon
Being an investor in Real Estate around the greater Portland and Salem area requires Risk Assessment and Protections. It’s your personal tolerance that drives decisions appropriate for your situation. This video will address 5 key areas to reduce risks associated with post Real Estate acquisition. We at Blue Roof Property Management pay special attention to…
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