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Tag: property management

Property Management and Tenant Placement

tenant screening

Is outsourcing your tenant screening process a good idea?

Are you planning on outsourcing your tenant screening process but you’re not sure if it’s the best investment for your business or not? Outsourcing your tenant screening process can have both advantages and disadvantages, and whether it’s a good idea depends on various factors, including your specific needs, resources, and preferences. Here are some pros…
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rental property

Is now the right time to buy a rental property?

Are you planning on buying a rental property but you’re not sure if it’s a smart investment to make in 2024? If so, you’ve come to the right place! In this article we will break down the reasons why you should invest in rental properties in 2024 and beyond. Reasons To Invest In Rental Properties …
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EV charging station

Are EV charging stations a good investment for rental properties?

In 2024, it’s not uncommon to know at least one person who owns an electric vehicle and since more people are renting than ever, more tenants are asking their landlords each year for electric vehicle charging stations at their rental properties. Is an EV charging station a good investment? In this article we will provide…
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Tips For Stopping Crime At Your Rental Property

Preventing and addressing crime at a rental property is crucial for the safety and well-being of tenants and the overall community. Here are some tips to help stop crime at a rental property: Screen Tenants Thoroughly: Conduct thorough background checks on potential tenants, including criminal history, credit checks, and rental history. Verify references to ensure…
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Rental Listing Scams

How Landlords Can Protect Themselves From Rental Listing Scams in 2024?

If you’ve owned rental properties in Portland Oregon for some time, you know that rental listing scams are always a possibility because criminals are constantly looking for ways to break the law. Thankfully, rental listing scams can be avoided, especially if a landlord knows what steps to take during the tenant screening process. In this…
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How does inflation affect the rental market?

Inflation can have various effects on the rental market, influencing both landlords and tenants. Here are some ways in which inflation can impact the rental market: Rising Costs for Landlords: Inflation can lead to an increase in the cost of living, which includes property maintenance, repairs, and utilities. As these costs rise, landlords may be…
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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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What forces will shape the rental market in 2024?

Are you planing on investing in rental properties in 2024? If so, like most investors, you’re probably wondering what forces may shape the rental market, especially considering that it’s going to be an election year. In this article, we will answer this question by providing you insight into what forces will have the most impact…
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landlord-tenant disputes

Tips for handling landlord-tenant disputes in 2024

Dealing with landlord-tenant disputes can be challenging, but effective communication and a proactive approach can often help resolve issues amicably. Here are some tips for managing landlord-tenant disputes: Understand the Lease Agreement: Review the lease agreement thoroughly to understand the rights and responsibilities of both parties. This document serves as the foundation for resolving disputes.…
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corporate market research

Can you use corporate market research to find the right rental markets? Yes!

If you are new to real estate investing, one of the most common buzz words in real estate is the “Starbucks Effect”. This phrase has become well-known over the years as studies have shown that properties located near Starbucks locations often increase in value when compared to areas where a Starbucks hasn’t been placed yet.…
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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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rental property

Location Matters: How to Make the Right Choice for Your Rental Property

As a property investor, one of the most crucial decisions you will make is choosing the right location for your rental property. The location plays a significant role in determining the success and profitability of your investment. Whether you are a seasoned investor or a beginner, understanding the importance of location and considering several factors…
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rental property

Mastering the Art of Setting the Perfect Rental Rate for Your Rental Property

Setting the perfect rental rate for your rental property is a crucial aspect of being a successful landlord. It can make or break your investment property. If you set the rent too high, you may struggle to find tenants, resulting in longer vacancies and lost income. On the other hand, if you set the rent…
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portland property management

The Key Role of Service in Property Management: Why it Matters for Success

Property management plays a crucial role in the real estate industry, serving as the bridge between property owners and tenants. Whether it’s residential, commercial, or industrial properties, effective property management ensures the smooth operation, maintenance, and profitability of real estate assets. From screening tenants and collecting rent to resolving maintenance issues and enforcing lease agreements,…
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rental properties

Unveiling the Top 5 Reasons Why Renters Choose to Stay in a Rental Properties

Are you planning on investing in rental properties in Portland Oregon but you’re not sure if owning rental property is a smart, long term investment?  Unlike stocks, or other traditional investments, rental-properties continue to be in demand because of one simple reason, everyone needs a place to live and there’s no better position for an…
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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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rental properties

The Ultimate Guide to Generating Passive Income: Strategies for Success with Rental Properties

Owning rental properties is certainly a great way to earn passive income and enjoy financial freedom. Imagine earning money while you sleep, without having to trade your time for a paycheck. One of the most effective ways to achieve passive income is through rental properties. In this ultimate guide, we will explore the strategies for…
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Portland Ranks Among Top 20 Cities For Working Parents

Thinking about relocating to Portland Oregon? Thanks to a recent study, we know that Portland has been ranked as a top city for working parents in the United States. Yes, Portland is a great place to be if you’re a working parent because the PDX area makes it possible for parents to have a work-life…
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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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rental property vs stocks

Unveiling the Pros and Cons: Evaluating the Financial Potential of Rental Properties versus Stocks

Searching for information on rental property vs stocks? Investing is a crucial aspect of financial planning, and there are various options available in the market. Two popular investment options are rental properties and stocks. Rental properties involve purchasing properties with the intent of generating rental income, while stocks refer to buying shares of companies in…
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rental properties

Unlocking the Secrets to a Profitable Investment Property: A Step-by-Step Guide

Owing a profitable investment property has always been an attractive option for those seeking financial stability and long-term wealth. The good news is that owning rental properties doesn’t have to be difficult, especially if you follow a proven plan that you can use for investing in investment properties. In this comprehensive guide, we will explore…
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Rental Property Bathroom Renovation

Rental Property Bathroom Renovation: A Comprehensive Guide

As a landlord, it’s important to keep your rental property in a good condition to attract good tenants. One area that can easily become outdated and unappealing is the bathroom. A bathroom renovation can be a daunting task, but with proper planning and execution, it can significantly increase the value of your property. In this…
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tenant screening

Building Stronger Bonds: How to Boost Tenant Retention in Your Rental Property

As a property owner, one of your primary goals is to ensure that your rental property remains occupied and using tenant retention strategies can help you with this. In this article, we will share with you tenant retention tips that you can use to keep the most qualified tenants living in your PDX area rental…
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amenities

The Must-Have Amenities to Attract and Retain Tenants in Your Rental Property

When it comes to rental properties, amenities play a crucial role in attracting and retaining tenants. In today’s competitive market, tenants are not just looking for a roof over their heads; they want a place that offers convenience, comfort, and a high quality of life. This is where amenities come into play. By providing desirable…
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rental property ROI

Rental Property ROI: How to Calculate and Boost Your Investment Returns

  As a rental property investor, one of the most important things you need to understand is your return on investment (ROI). This metric measures how much profit you’re making on your investment relative to the amount of money you’ve put in. Calculating ROI is crucial for evaluating the performance of your rental properties and…
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property management

The Future of Property Management: Exploring the Hottest Trends

As the world evolves, so does the property management industry. In recent years, we have witnessed significant changes in the way properties are managed, thanks to technology and innovation. The future of property management is an exciting topic that is gaining more attention every day. Property managers are always on the lookout for the latest…
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eviction

Proven strategies that help landlords avoid evictions

Eviction is one of the one thing that every landlord wants to avoid but the sad thing is that in the 2020’s, more landlords are having to deal with evictions than ever before, especially since Covid-19 and the end of eviction protections in Oregon. Thankfully, despite the challenges in the rental market, eviction can be…
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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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The Hidden Costs of a Vacant Rental Property: Why Keeping Your Property Occupied is Key

Vacancies can have a significant impact on your rental property investments. When your property is vacant, you’re not earning any rental income, which can have a big impact on your bottom line. In addition to lost rental income, there are other expenses associated with a vacant rental property that can add up quickly. For example,…
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Hidden Costs of Charging Below Market Rent

The Hidden Costs of Charging Below Market Rent: Why It’s Time to Reevaluate Your Rental Rates

Are you concerned about the hidden costs of charging below-market rent? If so, you’ve come to the right place! However, what many landlords fail to consider are the hidden costs associated with charging below-market rent. From lost revenue to increased maintenance costs, there are many factors to take into account when determining your rental rates.…
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