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Tag: investment properties

Property Management and Tenant Placement

What are the best ways to add value to a rental property in 2024?

Investing in rental properties can be a highly profitable venture, but it’s not just about buying a property and finding tenants. To truly maximize your return on investment, it’s crucial to add value to your rental property. By enhancing its appeal, functionality, and desirability, you can attract high-quality tenants, increase rental income, and significantly boost…
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rental properties

Unlocking Hidden Profit Centers in Rental Properties

Investing in rental properties has long been a favored avenue for generating passive income. While the primary revenue stream comes from tenant rent, savvy landlords know that there are additional profit centers within rental properties waiting to be tapped into. These hidden profit centers not only enhance cash flow but also maximize the return on…
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rental property

How to reduce risk when buying a rental property

Reducing risk when buying a rental property involves thorough research, careful planning, and strategic decision-making. Here are some key steps to help you minimize risks: Market Research: Location Analysis: Choose a location with a strong rental demand, low vacancy rates, and potential for property value appreciation. Economic Indicators: Consider the local economic stability, job market,…
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rental properties

Are rental properties still a smart investment?

Are you thinking about buying rental properties in Portland, or the surrounding area but you’re also wondering if they still are a smart investment? If so, you’ve come to the right place! With a changing economy it’s easy to see why investors are wondering if they should consider investing in rental properties or other assets…
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rental property problems

Navigating Rental Property Problems: Key Issues to Watch Out for When Investing

When considering rental property investments, it is crucial to have a comprehensive understanding of the potential rental property problems that may arise. By recognizing these challenges and being prepared to address them, investors can navigate through the complexities of the rental property market with confidence. One of the most common challenges that rental property investors…
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Tips for getting your rental property ready for 2024

As 2024 approaches, it’s essential to proactively prepare your rental property to meet the evolving needs and expectations of tenants. Conduct a comprehensive property inspection to identify any maintenance or upgrade needs. Enhancing the property’s curb appeal, modernizing interior features, and incorporating energy-efficient elements can significantly enhance its desirability and value. Consider incorporating smart home…
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rental properties

The Future of Residential Rental Properties: A Closer Look at the Market’s Viability

The commercial rental market has seen a steep decline since Covid-19 and the big question that investors want to know is are we going to see a decline in residential rental properties as well? This is an understandable question to ask because investors are nervous about having their residential rental properties sitting vacant in cities…
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property manager

The Benefits of Hiring a Property Manager: Is it the Right Move for You?

As a property owner, managing your rental properties can be a time-consuming and overwhelming task. From finding tenants to handling maintenance and repairs, there are numerous responsibilities that come with being a landlord. However, hiring a property manager can alleviate the stress and streamline the process of managing your rental properties. The Role of a…
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long term tenants

Retaining Long Term Tenants – Tips For Successful Long Term Rental Strategy

One of the keys to success with owning rental properties in Portland Oregon, or elsewhere nationwide is acquiring and retaining long term tenants. Having a long term tenant saves the owner time, money and the hassle of looking for a new tenant every 12 months and they are worth their weight in gold, especially in…
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real estate investing

The Role of Technology in Modern Real Estate Investing

Are you planning on investing in rental properties in Portland Oregon, or elsewhere in the United States? The good news is that technology has simplified modern real estate investing because it’s now easier than ever before to invest in rental properties thanks to the tools that every investor has access to. Yes, technology has revolutionized…
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How to Make Your Rental Property EV-Friendly: Installing Electric Vehicle Parking Spaces

For landlords and property managers, the challenge of meeting the needs of tenants is ever-present. With the rise of electric vehicles (EVs) and their growing popularity, landlords need to consider how to make their rental properties EV-friendly. One of the ways to do this is by installing EV parking spaces on the property. By having…
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eviction

Are Pandemic Eviction Protections Finished In Oregon? Yes And No

The State of Oregon faces one common problem that can be found in California and many other states nationwide, a pending eviction tsunami due to expiring Pandemic era eviction protections. There’s no denying that the eviction crisis in Oregon is dire, therefore renters and tenant advocates recently met to urge Oregon lawmakers to revive eviction…
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Average Rent in Portland Oregon - October - 2022

Discover the Top 2023 Landlord-Tenant Rules to Keep You in the Know!

As a landlord or tenant in Portland Oregon, it’s important to stay on top of the latest landlord-tenant rules. With ever-changing laws and regulations, it can be difficult to keep up with the changes. That’s why I’ve put together this comprehensive guide to the top 2023 landlord-tenant rules in Portland Oregon. Whether you’re a tenant…
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security deposit

What Are the Benefits of Collecting a Security Deposit?

Are you thinking of investing in a Portland Oregon rental property? If so, one of the most important things that you’ll need to do is collect a security deposit. Sadly, few people in today’s rental market understand the importance of the security deposit, and this is one of the major reasons why landlords and tenants…
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multifamily

Common Multifamily Rental Repairs That Every Landlord Should Be Prepared For

Multifamily properties continue to be an excellent investment because they produce consistent passive income for owners but, as with single-family properties, there will be common repairs that every owner should be prepared for. In this article, we’ll list some of the most common repairs at multifamily properties, and what landlords should do to prepare for…
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portland property manager

When Is It Time to Outsource to A Portland Property Manager?

At some point, every owner must ask the question if it’s time for them to outsource the management of their local rental properties to a Portland property manager. Some owners may come to this point sooner, rather than later but, every owner needs to take the time to analyze their rental property and ask themselves…
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Tips For Writing A Good Property Listing

One of the keys to success with owning rental property is being able to write a good property listing because, if renters can’t find your property, you will get fewer applicants than you expected. Thankfully, writing a rental property is easier than you think, especially if you follow these simple tips. Tip #1 – Your…
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portland oregon property management company

How To Increase Your Portland Rental Income Without Raising Rent

There’s no denying that most landlords want to increase their Portland Rental Income but, that’s not always possible due to rent control. Thankfully, landlords can accomplish the goal of increasing the income earned from their PDX rental property when they follow these simple tips. Tip #1 – Reduce Costs One of the very best ways…
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welcome packet

What Should You Include In Your Tenant Welcome Packet?

The tenant welcome packet is one of the most important things to have ready for a tenant when they first move in because it gives you the ability to offer them valuable information while also offering them something that shows their business means something to you. If you’ve never given a welcome packet to your…
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inflation

How Will Inflation Affect The Cost Of Maintenance For Rental Property Owners

Inflation is here and although many economists say that it’s currently at 7.5 percent, the reality is that in some cases, inflation seems to be much higher. The big question is how will inflation affect rental property owners in Portland Oregon and the United States? In this article, we will answer this question and offer…
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landlord

How To Have An Efficient Tenant Screening Process

Tenant screening is an essential part of owning rental properties because this means that the landlord is one step closer to filling a vacancy. Even though tenant screening is important, the reality is that many landlords have a difficult time with it, and this can lead to problems in their businesses, especially if they don’t…
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Fair Housing 2022 – Best Practices For Staying Compliant

Fair Housing Laws are important for tenants because they ensure that each tenant is treated fairly by landlords regardless of their national origin, religion, race, color, or gender. Even though these laws are important, it is easy for some landlords to violate fair housing laws because they get too busy and place less importance on…
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payment

Online Rent Payments Continue To Dominate After The Pandemic

As the country continues to return to normal following the Pandemic, one thing that will remain long after the days of face masks and lockdowns is online rent payments. Online rent payments continue to be the preferred method of paying rent for tenants of all ages because of the simple fact that it’s easier for…
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rental property

Should You Buy Rental Property Next To A School?

Rental property is an excellent way to build wealth during unsteady economic times but what if the rental property that you want to buy is located next to a school? In this article, we will offer you several pros and cons about buying rental property next to a school so that you will know if…
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tenant

Tips For Handling A Tenant Death And Deceased Tenants Belongings

One of the most difficult situations that a landlord can encounter is the death of a tenant because it’s the landlord’s responsibility to make sure that the rental is secure, the belongings are sent to the tenants surviving relatives and the property is made rent-ready for the next tenant. Thankfully, landlords can prepare for this…
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appliances

What Are The Top 5 Rental Property Appliances For 2022?

Are you planning on updating your Portland Oregon rental property in 2022? If so, there are several key appliances that you should purchase that will add value to your property while attracting great tenants. In this article, we will break down what those appliances are and offer you tips on some of the other things…
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pet owner

What Are The Pros And Cons Of Renting Your Property To Pet Owners?

Are you planning on renting your property but you’re not sure if you should rent to pet owners? This is understandable because many landlords have had negative experiences renting to pet owners and this is why some owners will say no to all pets, while some will approve pets but with specific conditions. In this…
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portland oregon

3 Updates To Make To Your Portland Oregon Rental Property In 2022

The new year is almost here and if you’re like most rental property owners in the Portland Oregon area, you’re thinking about updates that you should make to your property in the coming year. In this article, we will share with you 3 updates that you should make to your PDX rental property in 2022…
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back rent

When Is The Deadline To Pay Back Rent In Oregon?

Since March 2020, the COVID-19 Pandemic has radically changed the rental market in Oregon because many tenants across the state were able to utilize Federal and Statewide eviction moratoriums to avoid paying rent from April 2020 through June 2021. Now that the eviction moratoriums are officially ended, back rent is due, but the big question…
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housing

Multifamily Real Estate Investing – Is It The Best Way To Make Passive Income?

Are you thinking about getting started with multifamily real estate investing but you’re not sure if it’s the best way to make passive income? If so, you come to the right place. The reality is that multifamily real estate investing is one of the best ways to make passive income in 2021 because of the…
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