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Tag: property management

The Best Choice in Property Management

portland oregon's job market

Portland, Oregon’s Evolving Job Market: Trends and Opportunities in 2024

Portland, Oregon, renowned for its scenic landscapes, rich cultural heritage, and strong environmental values, has experienced significant changes in its job market over recent years. As the largest city in the state, Portland has historically been a hub for various industries such as technology, manufacturing, and healthcare. However, the effects of the COVID-19 pandemic, shifts…
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What are the best neighborhoods in Portland Oregon?

Searching for information on the best neighborhoods in Portland Oregon? Affectionately known as the “City of Roses,” is celebrated for its eclectic culture, lush green spaces, and strong sense of community. The city’s unique neighborhoods not only reflect Portland’s diverse residents but also foster a strong sense of community, offering something for everyone—from foodies and…
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Pros and Cons of Installing Hardwood Floors in Rental Properties

Choosing the right flooring for rental properties is a crucial decision that can impact both tenant satisfaction and property value over time. Hardwood flooring has long been favored for its durability and aesthetic appeal, making it a popular option among property owners. However, it’s important to carefully weigh the pros and cons of installing hardwood…
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turnkey rental properties

Are Turnkey Rental Properties a Good Investment?

Turnkey rental properties have become a go-to option for those seeking a more passive approach to real estate investing. However, the question remains: are turnkey rental properties indeed a good investment? In this article we will answer the question of if they are a good investment or not while offering you the pros, cons, and…
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What are the top Portland Oregon housing trends for 2024?

As the vibrant city of Portland, Oregon, continues to evolve, so do its rental housing trends. Whether you’re a tenant seeking a rental property for the first time or an experienced property owner navigating the market, staying informed about these trends is crucial. At Rent Portland Homes—Professionals, we take pride in keeping our finger on…
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rental property

Is now still the right time to buy a rental property?

It’s September 2024 and some investors are still asking if now is still the right time to buy a rental property, and the answer is yes! Rental properties continue to remain an excellent cash flowing asset for owners, especially during challenging or uncertain economic times. The good news is that in today’s real estate market,…
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landlord

5 Things a Landlord Cannot Do

Owning rental properties in Portland, Oregon, is an excellent way to generate passive income. However, being a landlord also comes with various responsibilities, including things a landlord should not do. If you’re a landlord in Portland, Oregon, here are five things you should avoid during your relationship with your tenants. Enter the Property Without Proper…
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landlords

Tips for Preparing a Rental Property for a New Tenant

Are you planning on renting your property for the first time? If so, the key to success is getting that rental property for your new tenant. Owning a rental property in Portland Oregon is an excellent way to generate consistent monthly cashflow and a healthy ROI but most owners/landlords don’t have a plan for how…
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rent

Record keeping Practices for Landlords & Legal Implications

There’s no denying that record keeping is an essential part of owning profitable rental properties because having clear and concise records will help you to stay organized, maximize profitability and resolve problems quickly. Sadly, most landlords who are DIY property managers fail at record keeping and they are consistently behind when it comes to ensuring…
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DIY property management

Tips for Landlords When Tenants Don’t Pay Rent on Time

Searching for more information on lease and rental agreements for landlords? If so, you’ve come to the right place! At Portland Rental Management we specify in local property management for Portland, Hillsboro, and surrounding areas. Our experienced property management team saves owners hundreds of hours per year and the hassle of managing rental properties themselves.…
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Portland OR Property Management: A Comprehensive Guide to Navigating the Real Estate Market

Searching for a property manager in Portland Oregon? If so, you’ve come to the right place! A property manager is one of the best investments that you will ever make because they will save you the time, money and hassle of managing your rental property yourself. In this article we will explore the nuances of…
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Setting Rules for Co-Tenants and Guests: A Guide for Landlords

As a landlord, maintaining a harmonious and safe environment in your rental property is essential for you and your tenants. This is especially important because it will also enable you to earn consistent ROI from your rental property for years to come. One of the most effective ways to achieve this is by setting clear…
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property manager

Reasons To Hire An Experienced Property Manager

Are you considering hiring an experienced property manager instead of doing it yourself? If so, you’ve come to the right place! Here are ten reasons to consider enlisting a seasoned professional to manage your real estate. Expertise in Market Trends and Rental Pricing: An experienced property manager deeply understands local market trends, rental rates, and…
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noisy neighbors

How landlords can deal with noisy tenants

Dealing with noisy tenants can be challenging for landlords. Noise complaints can strain relationships with other tenants, potentially harm the reputation of your property, and, if not handled properly, lead to legal issues such as breach of quiet enjoyment or nuisance claims. Below are tips and strategies landlords can use to address noisy tenants effectively.…
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abusive tenant

How To Handle an Abusive or Dangerous Tenant

As a landlord, renting out properties is generally a straightforward business transaction. However, it can sometimes lead to complex and dangerous situations, especially when a tenant becomes abusive or poses a risk to others. Handling an abusive or perilous tenant requires a careful balance of legal knowledge, practical steps, and, sometimes, personal safety measures. This…
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security deposit

What is the security deposit? Learn more about what it covers

One of the most significant financial considerations for landlords and tenants when entering into a rental agreement is the security deposit. This upfront payment serves as a safety net for landlords while providing tenants with clear expectations. Understanding the appropriate amount for a security deposit and what it covers is essential for a smooth and…
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rental property - Rent Portland Homes Professionals

Top 7 Time Wasters When Managing a Rental Property

Many tasks, from tenant interactions to maintenance issues, to management tasks can drain your time if not managed properly. Here’s a breakdown of the top seven time wasters when managing a rental property and how to mitigate them. Inefficient Tenant Screening Process Tenant screening is vital. However, it can become a significant time sink if…
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landlords right of entry

The Landlord’s Right of Entry: An In-Depth Explanation

The relationship between landlords and tenants is a balancing act between the landlord’s ownership rights and the tenant’s right to privacy and peaceful enjoyment of their rented property. One key aspect of this relationship is the landlord’s right of entry—an issue that can sometimes lead to disputes if not adequately understood or handled. This article…
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property management

How Property Management Can Protect Your Investment

Are you thinking about hiring a property manager but wondering if it’s the right choice to make? This article will share several great reasons to hire a property management company. Tenant Screening and Retention One of the most critical aspects of property management is tenant screening. This meticulous screening process ensures that you get responsible…
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abusive tenant

Reasons why you don’t want to fire your property manager just to save money.

While firing your property manager to save money may seem like a cost-effective decision, it’s vital to consider the long-term consequences of this move. These could include legal issues, tenant disputes, and property damage that may arise due to a lack of professional oversight. Here are several reasons why retaining your property manager can be…
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nightmare tenants

3 Things Realtors Do Wrong When They Manage Their Clients Properties Themselves

When realtors manage properties themselves, they often encounter unique challenges that can lead to missteps. Here are three common mistakes they make: Neglecting Proper Tenant Screening: One of the most critical aspects of property management is tenant screening. It’s a process that should always take time. Realtors often feel the pressure to fill vacancies quickly,…
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commuter friendly city

Is Portland Oregon a Commuter Friendly City?

Portland, Oregon, is known for its vibrant culture, eco-friendly initiatives, stunning natural surroundings and being a commuter friendly city. It is often hailed as a progressive and livable city. But when it comes to commuting, how does Portland measure up? Is it truly a commuter-friendly city? Let’s delve into the various facets that make Portland…
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rent

Essential Tips for First-Time Landlords in Portland, Oregon

Becoming a first time landlord in Portland, Oregon, can be a rewarding venture but comes with challenges and responsibilities. Whether renting out a single-family home or a multi-unit property, being well-prepared is crucial to your success. Here are some essential tips for first-time landlords in Portland. Before diving into the landlord business, it’s crucial to…
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maintenance requests

Tips for handling maintenance requests quickly and efficiently

Efficiently handling maintenance requests is not just a task, it’s a strategy that brings multiple benefits. It ensures tenant satisfaction, prolongs the life of property assets, and minimizes costs. By implementing these key Portland strategies, you can streamline the process, address maintenance requests promptly and effectively, and reap these benefits. Implement a Robust Maintenance Request…
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rent

How to Screen and Place Reliable and Long-Term Renters

Finding reliable and long tenant is the cornerstone of successful property management. It ensures steady rental income, reduces turnover frequency, and maintains the property’s condition. By implementing these critical strategies for effectively screening and placing trustworthy tenants, you can feel confident in your decision-making process, knowing that you are taking the necessary steps to secure…
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nightmare tenants

How to avoid renting to nightmare tenants

Nightmare tenants can be the worst possible headache to deal with when you own rental properties but the reality is that they can be avoided! To mitigate these risks, landlords must take proactive steps during tenant screening. Here are some essential tips to help landlords avoid renting to problematic tenants. Conduct Thorough Background Checks A…
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DIY property management

Reasons why DIY property management is not the best choice for investors

Managing rental properties can be a complex and time-consuming endeavor. While the allure of saving money by managing properties can be strong, DIY property management often presents challenges that can outweigh the perceived benefits. Here are several reasons why most property owners may choose professional property management over DIY property management. Time-Consuming Responsibilities Managing a…
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Enhance Your Rental Property: Top Paint Colors to Elevate Its Appeal

Are you researching paint colors online because you’re planning on painting your Portland Oregon area rental property after your tenant moves out but you’re not sure what colors to paint the walls? Choosing the right paint colors for the walls inside your rental property because of one simple reason, the paint colors are what help…
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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 Property Management - Rent Portland Homes Professionals

Single family homes vs. townhomes – Which investment is better in 2024?

Whether a single-family home or a townhome is the best investment depends on various factors, including your financial goals, location, market conditions, and personal preferences. Here are some considerations for each: Single-Family Homes: Privacy: Single-family homes typically offer more privacy since they are standalone properties with no shared walls. Outdoor Space: They often come with…
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