Archives 2022

Thanks to a recent report by CNBC, we know that Bruce Campbell, a local Hillsboro man, is currently living in airplane house, a converted airplane that he bought from a salvage yard for $100K.

An engineer by trade, Campbell wanted to live in an airplane since childhood and his dream finally came true in the late 1990’s when he contacted a Oregon salvage company and was able to purchase a retired Boeing 727 that was once owned by Greek shipping magnate Aristotle Onasis.

The plane is 1,066 square feet in length, and it had to be towed through the streets of downtown Hillsboro to his land where Bruce Campbell lives in it to this day.

Airplane House – Boyhood Dream Come True

Since watching a TV show as a child about airplane graveyards, Campbell knew that he wanted to live on a plane when he was older, and his plane continues to draw the interest of locals to this day.

Campbell paid $100,000 for it, and the plane was flown from Greece to Oregon to prepare it for him to take ownership. Once the aircraft was ready, it was towed to Campbell’s land through the streets of downtown Hillsboro. That process included removing the engines and other elements that make it so the plane can never fly again. It cost a total of $120,000.

“When you live in a structure like this, you feel a little more fulfilled with your life,” he said. “And if you’re an engineer, scientist, or anyone who appreciates the elegance and beauty of aerospace technology, it’s just a happier place to live.”

How He Turned His Plane into A Home

Campbell added a makeshift shower, a temporary sink, a portable washing machine, a refrigerator, and a food service cart from another plane that serves as his pantry.

In place of a stove, Campbell has a microwave and a toaster oven, which he barely uses. “I’m a nerd. I don’t cook, so it’s a minimal kitchen area,” he said.

Next to the kitchen area, Campbell has his futon sofa, which doubles as his sleeping area, and his workbench.

His monthly expenses for his airplane house are $370 a month, which includes $220 a month in property taxes and between $100 to $250 a month in electricity.

Could More Airplanes Be Converted to Housing?

Campbells love of living on a retired airliner does draw attention to the possibilities of converting airplanes into modular homes to house the homeless in Oregon and across the United States.

Could it work? If it’s worked for Bruce Campbell, it can work for anyone, but the reality is that converting an airplane to a home may be more costly in the long run than turning a shipping container into a house.

“I have no regrets about pursuing this vision. In my experience with my guests, I believe that humanity will embrace this vision wholeheartedly in enough proportion that we can utilize every jetliner which retires from service,” he says.

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Contact Us

At Rent Portland Homes – Professionals, we specialize in local property management for Beaverton, Portland, and the surrounding areas.

If you own rental properties in the area, let us help you start the year off right, learn more about our property management services by calling us at (503) 791- 4610 or click here.

Are you looking to generate a passive income? Real estate investing may be the answer. With the right strategy and a little bit of know-how, you can create a steady stream of income from rental properties, flipping houses, or other real estate investments.

This ultimate guide to generating passive income through real estate investing will help you get started. It will provide you with the essential information you need to understand the basics of real estate investing, as well as tips and strategies for making the most of your investments. With this guide, you’ll be well on your way to creating a steady passive income from real estate investments.

Advantages of Real Estate Investing

There are many advantages of real estate investing, but the primary reason people choose this investment is for its passive income potential. The key to generating a passive income from real estate is to find an investment that produces enough cash flow to cover the expense of the investment itself. If an investment generates enough cash flow, it is considered a “passive income” investment because you don’t have to actively work for the income.

You just sit back and let the cash flow pour in. There are other advantages to real estate investing as well, including: – Security – Real estate is a relatively stable investment, especially in comparison to the stock market. You’re also able to control your own risk in real estate investments to some extent. – Liquidity – While you don’t want to sell your investment unless you must, real estate is one of the most liquid assets you can own. You can usually find a buyer at any time, and you can sell it in parts (i.e., one house at a time). – Growth potential – Real estate is also a growing field.

There is always an increasing demand for rental properties as well as for properties in general. As technology and demographics shift, the need for these types of properties will increase as well.

Types of Real Estate Investments

There are many types of real estate investments you can make, but there are some general categories the investments will fall under, including:

– Rental properties – These are properties that you rent out to tenants. They are a popular form of investment because they offer a steady cash flow.

– Commercial real estate – Commercial real estate is a significant investment, but it may also provide significant returns.

– Foreclosures – You can also make real estate investments by purchasing properties that are “in default” (i.e., the previous owner owes money on the mortgage).

– Partnerships – You can also team up with other investors or a company to purchase a large property or several properties at once. This type of investment is called a “partnership” because you are technically a partner in the investment.

– Fix and flip – This is when you buy a house that needs repairs and then resell it.

Tips for Choosing Real Estate Investments

Before you jump into real estate investments, you’ll want to make sure you’re making a smart choice. That means identifying your goals, learning about the market, and evaluating the potential risks involved. These tips will help you pick the best real estate investments: – Understand your goals – Before you choose your real estate investments, you’ll want to understand your goals for the investment. Are you looking for a steady cash flow? Do you want to diversify your portfolio? Are you trying to build up equity? These are all goals you can achieve through real estate investing. – Learn about the market – The real estate market is different in every area, so before you invest, you’ll want to learn about the market where you plan to invest.

You can do this by talking to real estate agents in the area, reading market research, and talking with other real estate investors in the area. – Evaluate the risks – While real estate investing may seem like a solid way to build a passive income, it does have some risks. You’ll want to understand these risks before you invest. One way to evaluate the risks is to look at the return on investment (ROI) for each type of real estate investment. The higher the ROI, the higher the risk.

How to Calculate Real Estate Investment Returns

To find the return on investment for your real estate investment, you need to know what your investment was, what it’ll cost you to get it, and what you plan to make off it. Once you know these three pieces of information, you can calculate your return on investment.

For example, say you buy a rental property for $50,000 and it costs you $10,000 to get it, and you plan to charge $1,000 per month in rent. You can calculate your return on investment by plugging those numbers into this formula: Return on Investment = [Monthly Rent – Debt Service – Property Taxes and Insurance] / Investment Generally, you want a return on investment of over 12% for real estate investments. If you get a lower return on investment, it may not be worth it. That depends on your other expenses, as well as your risk tolerance.

Strategies for Generating Passive Income

Once you’ve chosen your real estate investments, it’s time to start generating passive income. There are a few things you can do to help ensure your investments are successful. – Research the market – The real estate market is different in every area, so you’ll want to make sure the market is right for your investment.

You can do this by talking to real estate agents in the area, reading market research, and talking with other real estate investors in the area.

– Choose the right property – Before you buy the property, you’ll want to make sure it’s the right fit for your investment goals. You can do this by understanding the ARV (after repair value), comparables, and cash flow. ARV is how much the house is worth after its fixed up. Comparables are comparable houses in the area.

These are houses that are for sale in the area. Cash flow is how much the rental property is expected to make each month.

– Get the right financing – You’ll also want to get the right financing for your real estate investment. You can do this by finding a lender who specializes in real estate investing, or by going through a real estate crowdfunding website.

How to Manage Your Real Estate Investment Portfolio

Once you’ve chosen your real estate investments and generated passive income, it’s time to manage your portfolio. This means regularly reviewing your real estate investments to make sure they’re still a good fit for your portfolio.

You can do this by keeping track of your real estate investments, including: – The property you own – The value of the property – How much it’ll cost you to maintain the property – How much rent it’s expected to make each month – How much the property is worth – How much it’s expected to appreciate – How much profit you expect to make from the sale of the property You can track all of this information in a spreadsheet, a real estate portfolio tool, or on a real estate investment website.

Tax Implications of Real Estate Investing

If you make real estate investments, you may have to pay taxes on the profits you make from the sale of the property.

The amount you must pay depends on the amount of time you own the property. You’ll have to pay taxes on the profits if you sell the property after holding it for less than one year. If you own the property for a year or longer, you’ll have to pay taxes on the profits, but you’ll also have to pay taxes on the percentage of appreciation of the property.

One way to avoid paying taxes on the appreciation of the property is to buy real estate with all cash.

Another way is to use a 1031 Exchange. A 1031 Exchange is a type of real estate investment that allows you to defer taxes on the profit you make from the sale of one real estate investment for another real estate investment.

Real Estate Investing Tools and Resources

When you decide to get started with real estate investing, there are some tools and resources you’ll want to keep handy. Here are some to consider:

Real estate agent – An agent can help you find the right investment and get the best deal.

Real estate broker – A broker can help you find the best deal and negotiate the terms of the deal.

Credit score – Your credit score will determine what interest rates you get on your loans.

Credit report – This report will tell you what your

Hire A Property Manager

The most important thing you can do to earn passive income from your rental properties is to hire a property manager.

At Rent Portland Homes – Professionals, we specialize in property management for single family and multifamily properties in Beaverton and across the PDX area.

To learn more about the services we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.

Are you in search of a great Beaverton Oregon property manager? Do you want to make sure that your rental property is in good hands? If so, you’ve come to the right place! In this blog article, we’ll be discussing the advantages of hiring a Beaverton Oregon property manager, what to look for in a property manager in Beaverton, Oregon, and how to hire the right property manager in Beaverton, Oregon. Read on to learn more about Beaverton Oregon property management!

Introduction to Property Management in Beaverton, Oregon

Beaverton, Oregon is a city located in Washington County and is part of the Portland metropolitan area. It is the sixth-largest city in Oregon and is home to a large number of businesses, including tech giants like Nike, Intel, and Tektronix. With its close proximity to Portland, as well as its excellent schools and parks, Beaverton is a great place to live and work.

If you own a rental property in Beaverton, Oregon, you may be considering hiring a property manager. A property manager is a professional who oversees the day-to-day operations of rental properties, including tenant screening and rent collection. They can make life much easier for landlords, as they can handle a wide range of tasks that would normally take up a landlord’s time.

Advantages of Hiring a Property Manager in Beaverton, Oregon

Hiring a property manager in Beaverton, Oregon has a number of advantages for landlords. One of the most significant benefits of hiring a property manager is that they can save landlords time and money. A property manager can handle the day-to-day tasks associated with rental properties, including tenant screening, rent collection, and dealing with tenant issues. This can save landlords time, as they don’t have to handle these tasks themselves.

A property manager can also save landlords money in the long run. They can help to ensure that the rental property is well-maintained and that tenants are paying their rent on time, which can help to reduce the chances of rental income being lost due to tenant issues. Additionally, a property manager can help to ensure that the rental property is up to code with local regulations and laws, which can help to avoid costly fines.

Finally, a property manager can provide peace of mind to landlords. Knowing that your rental property is in good hands can help to reduce stress and free up time for landlords to focus on other tasks and activities.

What to Look for in a Beaverton, Oregon Property Manager

When searching for a property manager in Beaverton, Oregon, there are a few things that you should look for. First, you should make sure that the property manager is licensed and insured. This will ensure that the property manager is qualified to handle the tasks associated with rental properties, and it will also protect you from any potential legal issues that may arise.

You should also make sure that the property manager has experience managing rental properties in Beaverton, Oregon. This will ensure that they understand the local rental market and the specific laws and regulations that apply to rental properties in the area.

Finally, you should make sure that the property manager is reliable and trustworthy. You should ask for references from previous clients and make sure that the property manager has a good reputation.

Finding the Best Beaverton, Oregon Property Managers

Finding the best Beaverton, Oregon property managers can be a challenging task. One of the best ways to find a great property manager is to ask for recommendations from friends and family who own rental properties in the area.

You can also search online for property management companies in Beaverton, Oregon. There are a number of websites that allow you to search for property managers by location and specialty. This can be a great way to find a property manager who meets your specific needs.

Finally, you can attend local real estate events and meet-ups in Beaverton, Oregon. This can be a great way to network and meet potential property managers in person.

Questions to Ask Potential Property Managers in Beaverton, Oregon

When interviewing potential property managers in Beaverton, Oregon, there are a few questions that you should ask. First, you should ask about their experience managing rental properties in the area. You should also ask about their fees and what services they offer. Additionally, you should ask about their approach to tenant screening and rent collection.

It’s also important to ask about their availability and how they handle tenant issues. You should make sure that the property manager is available when you need them and that they have a plan in place for dealing with tenant issues. Finally, you should ask about their communication style and how often they will be in touch with you.

How to Hire the Right Property Manager in Beaverton, Oregon

Once you’ve narrowed down your list of potential property managers in Beaverton, Oregon, it’s time to make a decision. The best way to do this is to get in touch with each property manager and ask them questions about their experience and services. You should also ask for references from previous clients and make sure that the property manager is licensed and insured.

Once you’ve narrowed down your list even further, you should request a meeting with each property manager. This will allow you to get to know them and make sure that they are the right fit for your rental property.

Tips for Successfully Working with a Beaverton, Oregon Property Manager

Once you’ve hired a Beaverton, Oregon property manager, there are a few tips that you should keep in mind to ensure that your relationship is successful. First, you should make sure that you have a clear understanding of the services that the property manager is providing. You should also make sure that you are comfortable with their fees and that you understand the terms of the agreement.

It’s also important to have clear and open communication with your property manager. You should make sure that you discuss any issues or concerns that you have in a timely manner. Additionally, you should make sure that you are clear about your expectations and that your property manager is aware of any changes that you would like to make.

Finally, you should make sure that you are respectful of your property manager and that you are willing to listen to their advice. A good relationship between the landlord and property manager is essential to the success of any rental property.

Property Management Companies in Beaverton, Oregon

If you’re in search of a great property management company in Beaverton, Oregon, there are a few that you should consider. One of the top-rated property management companies in Beaverton, Oregon is Compass Property Management. They offer a wide range of services, including tenant screening, rent collection, and maintenance.

Another great property management company in Beaverton, Oregon is Real Property Management. They specialize in residential property management and offer a wide range of services, including lease enforcement, tenant relations, and maintenance.

Finally, if you’re looking for a property management company that specializes in commercial properties, you should consider Property Solutions. They offer a wide range of services, including tenant screening, rent collection, and property management.

Conclusion

Finding a great Beaverton, Oregon property manager doesn’t have to be a challenge. By following the tips in this blog article, you can make sure that you find the right property manager for your rental property.

For a property management quote, contact us today by calling (503) 447-7735 or click here to connect with us online.

Are you a new landlord looking to make the best tenant selection decisions? If so, you’ve come to the right place.

Choosing the right tenant is essential to running a successful rental business.

In this article, we will explore the importance of tenant selection, tips for successful selection, process, criteria, tenant screening process, tenant background checks, mistakes to avoid, and software.

By the end of this article, you will have the knowledge and confidence you need to make the best  selection decisions for your rental properties.

What is tenant selection?

Tenant selection is the process of choosing the best tenant for your rental property. It is a crucial part of being a landlord.

Tenant selection is a multi-step process that involves evaluating potential tenants, screening applicants, and making a final decision. It is important to take your time and be thorough when making tenant selection decisions.

The goal of tenant selection is to choose a tenant who will pay rent on time, treat your property with respect, and be a great tenant overall. By making the right tenant selection decisions, you can avoid the headaches of dealing with bad tenants and protect your investment.

Benefits 

There are many benefits to tenant selection. The most obvious benefit is that it can help you find the best tenant for your rental property.

A well-selected tenant will be respectful of your property and pay rent on time. This can help protect your investment and save you money in the long run.

Tenant selection also helps you build trust with your tenants. It shows that you care about the quality of tenants you choose and that you are serious about protecting your Portland property.

This can help to create a positive relationship with your tenants and make them more likely to stay in your rental property for longer. Finally, tenant selection can help you create a safe and comfortable environment for your tenants.

By screening potential tenants, you can make sure that they meet your standards and that they will be a good fit for your rental property. This can help to create a safe and comfortable living environment for your tenants.

Tips for successful selection

Here are some tips to help you make successful tenant selection decisions:

1. Have a clear selection process: Before you start selecting tenants, it’s important to have a clear selection process in place. This should include a clear set of criteria for selecting tenants, as well as a timeline for when you will make your decision.
2. Stay organized: It’s important to stay organized throughout the tenant selection process. Make sure to keep track of all the applications you receive and the progress of your selection process.
3. Gather all the information you need: Make sure to gather all the information you need to make an informed decision. This should include a credit report and background check for each applicant.
4. Take your time: Don’t rush your tenant selection process. Take your time and be thorough when evaluating potential tenants.
5. Ask for references: Ask each applicant for references from previous landlords or employers. This can help you get a better idea of their rental history and work ethic.
6. Be consistent: Make sure to be consistent in your tenant selection process. Treat all tenants the same and don’t make any exceptions.
7. Trust your gut: Finally, trust your gut. If something doesn’t feel right about a particular applicant, don’t hesitate to turn them down.

Process

The tenant selection process should involve several steps. Here is an overview of the steps you should take when selecting tenants:

1. Define your criteria: First, you should define your criteria for selecting tenants. This should include both financial and behavioral criteria.
2. Collect applications: Next, you should collect applications from potential tenants. You can do this by advertising your rental property, or by reaching out to tenants directly.
3. Evaluate applications: Once you have collected applications, you should evaluate each one to determine which tenants meet your criteria.
4. Screen applicants: After evaluating applications, you should screen applicants to make sure they are a good fit. This can include a credit check, background check, and reference check.
5. Decide: Finally, you should decide about which tenant to select. This should be based on the information you have gathered about each applicant.

Criteria To Follow 

When selecting tenants, you should consider several criteria. Here are some factors to consider when evaluating tenants:

1. Credit score: A tenant’s credit score is a good indicator of their ability to pay rent on time. Look for tenants with a good credit score (above 600).
2. Income: You should also consider a tenant’s income. A tenant should be able to comfortably afford the rent of your rental property.
3. Rental history: Look for tenants with a good rental history. This can help you determine if they are likely to be a good tenant.
4. Employment stability: Consider the tenant’s employment stability. Look for tenants who have been employed at the same job for a long period of time.
5. References: Ask each applicant for references from previous landlords or employers. This can help you get a better idea of their rental history and work ethic.
6. Behavior: Finally, consider a tenant’s behavior. Look for tenants who are polite, respectful, and responsible.

Screening process

Once you have evaluated potential tenants, you should screen them to make sure they are a good fit. Here is an overview of the tenant screening process: 1. Credit check: A credit check is a good way to determine a tenant’s financial stability. Look for tenants with a good credit score (above 600). 2. Background check: You should also run a background check on each tenant. This will help you determine if they have any criminal history. 3. Reference check: Ask each applicant for references from previous landlords or employers. This can help you get a better idea of their rental history and work ethic. 4. Interview: Finally, you should conduct an interview with each applicant. This will help you get a better sense of their personality and behavior.

Tenant background checks

are an important part of the tenant selection process. By running a background check on each tenant, you can make sure that they meet your standards and that they will be a good fit for your rental property. Here are some tips for running background checks on tenants: 1. Use a reputable service: Make sure to use a reputable tenant screening service. This will ensure that the information you receive is accurate and up to date. 2. Check for red flags: Look for any red flags in the tenant’s background. These can include criminal records, eviction records, and bankruptcy filings. 3. Verify the information: Make sure to verify the information you receive from the tenant screening service. This will help you make sure that the information is accurate. 4. Follow the law: Finally, make sure to follow all applicable laws when running background checks on tenants. This includes the Fair Credit Reporting Act and state laws.

Mistakes to avoid

When selecting tenants, it’s important to avoid making any mistakes. Here are some common tenant selection mistakes to avoid:

1. Not having a clear selection process: Make sure to have a clear selection process in place before you start selecting tenants. This should include a clear set of criteria for selecting tenants, as well as a timeline for when you will make your decision.
2. Not staying organized: It’s important to stay organized throughout the tenant selection process. Make sure to keep track of all the applications you receive and the progress of your selection process.
3. Not gathering all the information you need: Make sure to gather all the information you need to make an informed decision. This should include a credit report and background check for each applicant.
4. Rushing the process: Don’t rush your tenant selection process. Take your time and be thorough when evaluating potential tenants.
5. Not being consistent: Make sure to be consistent in your tenant selection process. Treat all tenants the same and don’t make any exceptions.
6. Not trusting your gut: Finally, trust your gut. If something doesn’t feel right about a particular applicant, don’t hesitate to turn them down.

Tenant selection software 

This type of software makes it easy to manage the tenant selection process. It can help you collect applications, evaluate applicants, and make decisions quickly and easily. can also help you stay organized.

It can help you keep track of all the applications you receive and the progress of your selection process.

This can save you time and make it easier to make informed decisions. Finally, tenant selection software can help you comply with tenant screening laws. It can help you make sure that you are following all applicable laws and regulations when screening tenants.

Conclusion 

Call Rent Portland Homes Professionals/4RentLocal.com at (503) 447-7735 to learn more about our tenant selection services or click here to connect with us online. 

As a landlord, you may have heard of emotional support animals and wondered what they are, how they differ from service animals, and what it means for you as a landlord.

The concept of emotional support animals can be confusing but understanding them is important for landlords. By learning the basics of emotional support animals, you can create a rental agreement that is fair for both you and your tenants.

This guide will help you understand the requirements for emotional support animals, how to determine what animals are allowed, and how to handle requests for emotional support animals. With this knowledge, you can create a rental agreement that allows for emotional support animals while still protecting your rental property from damage.

What are emotional support animals?

An emotional support animal is an animal that provides therapeutic benefits to an individual who has a mental or emotional disorder. An emotional support animal is not trained to perform tasks that assist with a physical condition.

Emotional support animals are not the same as service animals, which receive special training to help individuals with disabilities. Service animals are welcome in places that serve the public, such as restaurants, hotels, and stores, while emotional support animals are not recognized as a part of ADA law and have no special rights.

Some people who have no diagnosed mental or emotional disorders also have emotional support animals. Individuals who do not have diagnosed mental or emotional disorders may have an increased chance of being denied tenancy or having their animals removed from the property.

Persons who are diagnosed with a mental or emotional disorder and have a letter from a mental health provider confirming their need for an emotional support animal should not be denied tenancy or have their animal removed from the property.

What are the differences between support animals and service animals? 

The most important aspect to understand about the differences between emotional support animals and service animals is that only service animals are protected by the Americans with Disabilities Act. Service animals are specially trained animals that perform tasks for individuals with disabilities.

These animals are allowed in all public places and are protected by the ADA. Emotional support animals are animals that provide therapeutic benefits to an individual with a mental or emotional disorder. There is no special training for emotional support animals, and they are not legally allowed in public places.

To understand the differences between emotional support animals and service animals, it is helpful to understand the differences between emotional support and mental health conditions. Emotional support is when someone benefits from the companionship of an animal. Mental health conditions are diagnosed disorders that affect how a person thinks, acts, or feels.

Someone with a mental health condition benefits from an emotional support animal, in the same way, someone without a mental health condition benefits from a pet. People with mental health conditions may have a pet granted an exemption under the Fair Housing Act and may live with their animal in certain places that don’t allow pets.

Legal requirements for emotional support animals

There are no legal requirements for emotional support animals. There are specific legal requirements for service animals.

The only thing that you need to verify is whether the person requesting the emotional support animal has a mental or emotional disorder. If so, you can ask for a letter from a mental health provider confirming the diagnosis and need for emotional support. One important caveat to these legal requirements is the Fair Housing Act.

This act does not have specific requirements for what animals are allowed, but it does have specific protections for service animals. This means that individuals with mental health conditions who have documentation from a mental health provider allowing them to live with an emotional support animal do not need specific legal requirements but may fall under the Fair Housing Act.

How to determine what animals are allowed 

As a landlord, you can require the same type of documentation for emotional support animals that you would require for service animals.

This means that if your rental property allows service animals, it will also allow emotional support animals. If your rental property only allows service animals, then it won’t allow emotional support animals. You can also determine what animals are allowed by following the rule of reason.

The rule of reason means that you must act reasonably given the circumstances of the rental property. For example, if you have a rental property in a suburban area, you can allow dogs but not Great Danes, since they are too large for the space. If you have a rental property in an urban area, you might want to allow cats instead of dogs since cats are quieter and pose less of a threat to neighbors.

You can also consider the breed of the animal and its temperament. If you have a rental property in an urban area where there are children playing outside, you might want to choose a breed that is less likely to accidentally hurt the kids.

How to handle requests for these support animals

If a tenant or potential tenant asks to bring an emotional support animal to the rental property, you have a few options. First, you can simply allow the animal.

If the emotional support animal is a service animal, you will need to follow the same procedures as if the tenant had a disability. Second, you can ask the tenant to get documentation from a mental health provider explaining the need for the emotional support animal. Third, you can deny the request. If you deny the request, you will need to follow the same procedures as if you denied a request for a service animal. You can only deny the request if the animal would cause damage to the rental property or if the animal would pose a risk to other tenants.

Creating a rental agreement for emotional support animals

If you allow support animals in your rental property, you may want to include specific language in your rental agreement.

The most important thing to include is language about cleaning up after the animal. The emotional support animal does not have the same responsibilities as a service animal. One way to word this in your rental agreement is to say that “Tenants with an emotional-support animals are responsible for cleaning up after their animals.”

You can also specify that tenants with support animals are not allowed to have the animals on furniture. You may also want to consider requiring tenants with ESL’s to keep their animals in a cage or on a leash. This is especially important if you have a large rental property.

Protecting your rental property from damage

The most important thing to do to protect your rental property from damage is to verify that the person requesting the support animal has a mental or emotional disorder. You can also follow the rule of reason when considering whether an animal poses a risk to the rental property.

For example, if a person requests to bring a boa constrictor to their rental property, you can deny the request since the snake would pose a safety risk to the property. You can also consider including specific language in your rental agreement about the type, size, and cleanliness of animals allowed on the rental property. You can also require tenants with support animals to keep the animals in a cage or on a leash when outside.

Tips for creating a fair emotional support animal policy 

If you decide to allow these animals, there are a few important things to keep in mind. First, you can allow all animals, but you must be careful to apply all other terms and conditions of your rental agreement equally across the board.

For example, if your rental agreement says that all pets must be kept indoors, you must require all tenants with these types of animals to keep their animals in the house. You cannot selectively apply different rules to different tenants. Second, you must be consistent in your enforcement. You cannot selectively enforce the terms and conditions of your rental agreement for tenants with emotional support animals.

Resources for landlords regarding support animals 

The best resource for landlords is the Fair Housing Act. This act outlines the rules and regulations for service animals and the rights of tenants with disabilities. The other resource for landlords is the American Veterinary Medical Association.

This organization has information for landlords about what animals are considered service animals and what documentation tenants with disabilities may be required to provide. They also have information for tenants about bringing a service animal to a rental property and what documentation they may be required to provide.

There are also a few websites that provide general guidelines for landlords regarding emotional support animals. One website, called the Sherpa, has a checklist with general guidelines for landlords and tenants. The National Health Law Program also has a guide for landlords regarding emotional support animals.

Final thoughts on emotional-support animals

The concept of emotional support animals can seem confusing, especially when compared with service animals.

One important thing to remember is that service animals are trained to help people with disabilities. In many cases, they are legally allowed in public places where other animals are not allowed, like restaurants and hotels. 

Contact Us

At Rent Portland Homes – Professionals, we specialize in property management for the Portland Oregon Area.

To learn more about the property management services we can offer you, contact us today by calling (503) 646-9664 or click here to connect with us online. 

Are you planning on investing in rental property? Like most investors, you’re probably interested in learning more about landlord-tenant law in Oregon for 2022-2023.

This is understandable because the rental market has changed in the last two years and landlords have fewer rights than before.

Thankfully, we’ve compiled an updated resource on landlord rights in Oregon so that you know what to expect before investing in a rental property here.

Landlord-Tenant Law 2022-2023

Under Oregon law, landlords must disclose specific information to tenants (usually in the lease or rental agreement). The list of required disclosures is long and includes information on topics such as:

• who is the owner and manager of the property, and who is authorized to receive notices such as service of process (Or. Rev. Stat. Ann. § 90.305)
• pending legal actions (Or. Rev. Stat. Ann. § 90.310)
• responsibility for paying utility bills (Or. Rev. Stat. Ann. § 90.315)
• recycling (Or. Rev. Stat. Ann. § 90.318)
• smoking policies (Or. Rev. Stat. Ann. § 90.220)
• carbon monoxide alarms (Or. Rev. Stat. Ann. §§ 90.316, 90.317)
• smoke alarms and detectors (Or. Rev. Stat. Ann. § 479.270)
• flood zones (Or. Rev. Stat. Ann. § 90.228)
• renters’ insurance (Or. Rev. Stat. Ann. § 90.367), and
• payments for homeowner assessments (Or. Rev. Stat. Ann. § 90.302)

Federal law might require additional landlord disclosures. Nolo’s chart of State Rules on Required Landlord Disclosures contains a complete list of each state’s landlord disclosure statutes

Oregon landlords can require tenants to pay a security deposit. Under Oregon law, a last month’s rent deposit is considered to be a security deposit. Landlords must provide tenants with a receipt when they receive the deposit. Written rental agreements must include the amount of the security deposit. A security deposit can’t be increased within the first year of the tenancy. Landlords have 31 days after the tenant delivers possession to return the deposit and provide an accounting of any amount applied towards rent or damages. See Oregon Revised Statute section 90.300 for all the rules regarding security deposits.

Small Claims Lawsuits in Oregon

Tenants can sue landlords in small claims court for the return of their deposit and other damages, up to a dollar amount of $10,000. (Or. Rev. Stat. Ann. § 46.405.)

Oregon Tenant Fees

Oregon landlords may not charge nonrefundable fees (Or. Rev. Stat. Ann. § 90.302). Oregon landlords may only charge fees for specified events as they arise. For example, landlords may charge fees for acts such as:

• paying rent late
• paying utility bills late
• bouncing checks
• failure to clean up garbage and trash, including pet waste
• violating parking and vehicle rules
• violating smoking rules
• damaging property, and
• tampering with smoke detectors.

Complete information about fees Oregon landlords can charge is found in Oregon Revised Statute section 90.302.

Oregon Rent Rules

Oregon has a statewide rent control law that limits the amount of rent increases, bars landlords from raising rent more than once in any 12-month period, and requires landlords to give tenants proper notice before raising rent.

During any 12-month period, landlords cannot raise the rent more than 7% plus the consumer price index above the existing rent—no matter how long the tenancy. Every September 30, the Oregon Office of Economic Analysis will publish the maximum annual rent increase percentage for the following year.

For week-to-week tenancies, landlords can raise the rent after giving seven days’ written notice. For all other tenancies, landlords cannot raise rent within the first year of a tenancy. After the first year of a tenancy, landlords must give 90 days’ written notice before raising the rent.

Landlords who illegally increase rent must pay tenants an amount equal to three months’ rent, plus any damages the tenants suffered from the increase (such as interest on money they borrowed to cover rent). (Or. Rev. Stat. Ann. § 90.323.)

Tenant Rights to Withhold Rent in Oregon

When landlords fail to comply with a term of the lease or rental agreement, or fail to maintain the premises in a habitable condition, tenants may notify their landlord of the breach and give a 30-day notice to terminate if the landlord doesn’t fix the condition within a certain amount of time. (Or. Rev. Stat. Ann. § 90.360.) Tenants also may withhold rent for some minor defects that can be reasonably repaired for not more than $300—but must follow the statute’s rules regarding notice (Or. Rev. Stat. Ann. § 90.368).

Oregon Termination and Eviction Rules

The rules on how and when landlords can terminate depend on the type of tenancy. Oregon’s laws address week-to-week, month-to-month, and fixed-term tenancies (as well as tenancies located within a landlord’s primary residence). To learn the rules that apply to your tenancy, review the full text of Oregon Revised Statute section 90.427.

Month-to-Month Tenancies

Landlords may terminate a tenancy without cause for month-to-month tenants, but only during the first year of occupancy. After that, landlords must have a reason, or “just cause,” as enumerated in the law (such as demolishing the building, moving immediate family members into the unit, or the tenant’s violation of a lease term).

Tenants With Leases

Tenants with a one-year (or shorter) lease may not have their tenancies terminated during the first year of occupancy unless the tenant has failed to pay the rent or violated another material term of the tenancy (such as having a pet in violation of a no-pet rule). Landlords may decide to not renew or extend a one-year tenant’s (or shorter) lease by giving a 30-day “termination” notice prior to the lease’s expiration date. If the landlord does not terminate and the tenant stays, the tenant has become a month-to-month tenant, but one who has the protections of “just cause” eviction rules on account of the tenant’s occupancy for more than one year (see above).

Landlord Access to Rental Property, Tenant Protection Against Retaliation, and Other State Laws in Oregon

Several other landlord-tenant laws in Oregon affect both property owners and renters, including:

• restrictions on landlord’s right to access rental property (Oregon landlords must provide 24 hours’ notice of entry in non-emergency situations) (Or. Rev. Stat. Ann. § 90.322)
• tenant protections against landlord retaliation for tenant exercising a legal right, such as complaining about an unsafe living condition (Or. Rev. Stat. Ann. § 90.385)
• special protections for tenants who are victims of domestic violence (Or. Rev. Stat. Ann. §§ 90.449, 90.453, 90.456, and 90.459)
• procedures for how landlords must handle abandoned property left behind by tenants (Or. Rev. Stat. Ann. §§ 90.425, 105.165) , and
• fair housing rights (discrimination is also prohibited by federal and, often, local law—see the Housing Discrimination section of the Nolo site for details).

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Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, our team specializes in Oregon property management. This means you can count on us to be on top of the latest landlord-tenant laws so you don’t have to.

If you’re ready to invest in a rental property in Beaverton, Portland or the surrounding area, but you don’t want to manage that property yourself, contact us today by calling (503) 447-7735 or click here to connect with us online.

As a landlord, one of the most important things to have in place if you plan on allowing pets is a pet policy.

The right pet policy can help you get the right tenants who want to live with their pets instead of those who might be less reliable with a pet living under the same roof as them. Here’s what you need to know about landlord pet policies and how they can impact your tenancy agreement before signing on any new tenants.

What is a Pet Policy?

A landlord pet policy is a set of rules that you create to help you determine if you will allow pets in your rental property. These rules can then be included in your rental agreement, letting you know upfront if a prospective tenant has a pet. A good pet policy can help you filter out potential tenants who don’t have pets, letting you focus on those who have a more serious commitment to their animals and helping you avoid potential issues later.

A landlord pet policy can be as simple as “no pets allowed” or it can be as detailed as specifying how many pets you will allow, what types of animals are allowed, and what kind of care and upkeep the pets will require. A landlord pet policy can also be a list of questions you ask potential tenants to help you determine if they have a pet.

This can be especially helpful if you don’t want to outright ask if they have a pet, perhaps because you’re worried about discrimination, or you have a quiet building where barking dogs might be disruptive.

Instead, you can ask questions designed to rule out potential tenants who have pets and encourage those who don’t to apply to live in your rental property. A landlord pet policy can be designed to work for you on both levels, letting you create rules that help you find the right tenants while also helping you avoid unnecessary hassles with tenants who have pets.

Why Are Landlord Pet Policies Important?

Landlord pet policies are important because they can help you filter out prospective tenants who don’t have pets and determine whether your rental property is pet friendly. While many landlords who rent to tenants with pets will simply require a security deposit for the damage their pets might cause, a pet policy can help you decide how many pets you want to allow and what kinds of animals.

It can also help you avoid discrimination suits since you can simply ask questions about pets without outright saying that you don’t want tenants who own pets. A pet policy can also help you avoid having to evict a tenant who has pets. If you have a strict no-pets policy but a tenant breaks the rules, you may have to evict the tenant even if they are otherwise a good fit for your rental property. If you can be more flexible with a pet policy, you may be able to avoid this situation.

A landlord pet policy can also let you charge less for your rental units since you can describe your rental property as a more attractive place to live with an allowance for pets. If you don’t charge less, you may have to deal with complaints about pets, which can be time-consuming to address without a pet policy in place.

What to Include in Your Landlord Pet Policy

There are a few things you should include in your landlord’s pet policy to keep it fair and help you manage your rental property. First, you should specify what kinds of animals are allowed as tenants. This can help you avoid an expensive and messy eviction if a tenant breaks the rules and has a pet that isn’t allowed.

You may want to consider restricting certain types of animals and setting limits on the number of pets allowed per household. You might also want to include a provision about responsible pet ownership. This can help you avoid problems with tenants who aren’t prepared to take care of their pets properly. You may also want to include a rule about keeping pets confined, particularly if you have a quiet building.

This can help you avoid problems with barking dogs and other disruptions that can disrupt your other tenants. You may also want to include a rule about keeping pets out of common areas, such as putting a rule in the lease that pets are not allowed in the laundry room or on the front porch.

Questions to Ask Prospective Tenants Before Including a Pet Clause

There are a few questions you should ask prospective tenants if you want to craft a landlord pet policy before deciding on a pet clause in your rental agreement. First, you may want to ask if the tenant has any pets.

You may also want to ask how many pets the tenant has, what type of animals they are, and how the tenant cares for them. You may want to ask if the pets are declawed or if the tenant has a dog that is trained not to bark. Finally, you may want to ask if the tenant has ever had any issues with animals in the past, such as complaints from neighbors about noise or damage.

These questions can help you select tenants who are more likely to follow the rules of your pet policy and less likely to have problems with their pets. They can also help you avoid potential discrimination suits since you can simply ask questions about pets instead of outright saying that you don’t want tenants who own pets.

When You Should Require a Security Deposit for Pets

You can usually require a security deposit from tenants who have pets, but there are some rules you should follow if you want to avoid legal trouble. You should make sure that you clearly state the rules about pet ownership in your rental agreement, including any rules about the number of pets allowed and where the pets are allowed to be.

You should also make sure that you are consistent about collecting the deposit from all tenants who have pets. You should also make sure that you have a pet addendum when accepting the security deposit from pet-owning tenants. This should clarify the amount of the deposit and the damage that the tenant is covering, as well as the deductions that will be applied if there is damage to the rental property.

When You Should Not Accept Pets as Tenants

There are some situations where you should not accept pets as tenants. If you have had problems with pets in your rental properties in the past, you should make sure that you only accept tenants without pets.

This is especially important if you have had vermin or noise issues with previous pets. You should also not accept pet-owning tenants if your building is not pet-friendly. You may also want to consider avoiding pet-owning tenants if you live in a very quiet building since even the most well-behaved pets can disrupt your neighbors. It is also a good idea to reject pet-owning tenants if you don’t want to deal with cleaning up after their animals.

Conclusion

A landlord pet policy can help you choose the right tenants, whether you want to be stricter about pet ownership or more lenient. It can also help you charge less for your rental units while attracting more tenants while helping you avoid the costs and problems inherent in evicting tenants who break the rules.

When designing your pet policy, make sure that you clearly state any rules about the number, type, and care of pets as well as where they are allowed. You can also ask questions designed to help you weed out pet-owning tenants while generating more interest in your rental property.

Contact Us

At Rent Portland Homes – Professionals, we specialize in property management for single-family and multifamily properties across the PDX area.

Our team saves owners the time, money, and hassle of managing rentals themselves.

To learn more about the services we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.

With the slowdown of home sales in the real estate market, more homeowners are stuck with homes that they thought would sell and they are now considering renting those homes to tenants.

This is to be expected because many homeowners have already moved on to bigger and better properties even though their first homes didn’t sell.

Thankfully, even though the real estate market has slowed, the good news is that homeowners work through this difficult situation by renting out their properties until the real estate market picks up again.

Keep It Simple

You might think that renting your property to tenants is risky and stressful. But if done right, it can be a source of additional income as well to filter out the right tenants without being directly responsible for maintenance and repairs.

You may not want to hear it, but being a landlord isn’t easy. It involves taking on responsibilities that you probably don’t want or expect to deal with. However, with the right preparation and management, you can do so while avoiding some of the risks inherent in renting your home to strangers. With this guide, you’ll learn everything you need to know about renting your home as an investor and what you need to consider before signing on the dotted line.

Find The Right Tenants 

After deciding what type of tenant, you’re looking for, you should do some research on the local rental market.

This will help you to create a profile of the kind of tenant you want to attract and give you a better idea of what your rental property will be worth in the open market. – Where to look for information. The best way to research the rental market in your area is to get your hands dirty. This means looking at rental listings on websites like Craigslist, Zillow, and Trulia.

You should also attend local real estate investor clubs, visit rental property management companies, and talk to property managers in your area. – What to look for. When researching the rental market, you should pay special attention to the following factors: – The average rent in your area. – The average vacancy rates. – The average length of time that a unit is on the market. – The average cost of repairs. – The average rental yield in your area.

Step 2: Know Your Rights as a Landlord

When renting out your property, you are essentially putting your money into a partnership with your tenants.

But the law doesn’t treat you as a partner—instead, you get almost none of the benefits of a partnership. So, before you even sign a rental contract, you should know what your rights are as a landlord and what your tenants’ rights are as renters. – Liability for injuries and damage. As a landlord, you are liable for injuries that your tenants sustain on your property, and you are responsible for all damage. This applies whether the tenant is at fault or not. If a tenant breaks something, you are responsible for repairing or replacing it. If someone gets hurt on your property, you are responsible for their medical bills. This can lead to lawsuits, fines, and even imprisonment. – Your right to enter the property.

As a landlord, you have the right to enter your property to conduct repairs, inspect the property, and/or show it to prospective buyers. However, you must let your tenants know that you’re coming and provide them with a reasonable amount of time to get their things out of the way. You can’t enter a rental property without a legitimate reason or without the tenant’s consent.

Step 3: Advertise Your Property and Select Tenants

You have done the legwork to find a great tenant and are now ready to start looking for a place to rent. But before you sign a lease, you need to put yourself in your prospective tenant’s shoes. What kinds of questions will they have?

What do they need to know before committing to rent your property? – The right way to advertise your property. The best way to advertise your property is by posting an online listing on a site like Craigslist or Zillow, and then following up with phone calls and emails to interested parties. You should include the following in your listing: – When you’re ready to sign a lease.

When you’re ready to sign a lease, you should meet with your prospective tenants and hammer out all the important details so that everyone is on the same page. You should discuss the following: – Written rental agreement. You should sign a written rental agreement with each tenant. Your rental agreement should include:

Step 4: Set the Right Terms for Your Contract

You’ve found the tenant of your dreams and have signed a rental agreement. But you aren’t quite done yet. You need to make sure that you have everything covered in the rental agreement so that nothing goes wrong, and your tenant is happy.

Security deposit – A security deposit serves two functions: it’s a partial payment of the final rent and its insurance for you (the landlord). A security deposit is a money that you take from a tenant at the beginning of a rental agreement. If your tenant breaks their contract (for example, they don’t pay the rent) then you can keep their security deposit. At the same time, you must deposit 10% of the security deposit in a state-approved escrow account.

The terms of the lease – The terms of the lease are especially important because they set the stage for the relationship between you and your tenant.

Your lease should also include terms for when rent is due, how it should be paid and when it’s considered to be late. This is by far one of the most important parts of your lease because tenants must know that they are expected to pay rent on time each month.

Step 5: After Finding Excellent Tenants

Congratulations! You’ve found wonderful tenants who have agreed to rent your property and you have signed the lease.

Now it’s time to kick back and relax, right? Nah. You still have a lot of work to do.

Stay in contact – While you don’t want to be a nagging landlord, you want to stay in contact with your tenants so that you can look out for their best interests and vice versa.

Send them a friendly text or email every few months to check in and let them know that you’re available if they need anything.

Be a good landlord – Being a landlord isn’t easy. But it is rewarding when you find good tenants and they treat your property with respect.

Step 6: Hire A Property Manager

If your goal is to keep living your life without the hassle of owning a rental property, then the best decision you can make is to hire a property management company like Rent Portland Homes – Professionals.

Our property management team will save you the time and money of managing your property yourself so you can continue living your life while leaving the property management to us.

To learn more about the property management services we can offer you, contact us today by calling (503) 447-735 or click here to connect with us online.

Real estate investing can be a great way to build wealth over time. When you invest in real estate, you don’t just get a second home that you can visit on the weekends or a beautiful space to throw parties; you also get an asset that can generate cash flow.

If your goal is to build long-term wealth through real estate investing, buying properties that will generate income from rent is essential.

In this article, we’ll explain what it means to buy a property that will earn you rent and give you pointers on where to find properties like these and how much you should pay for them. Let’s dive in!

What Does It Mean to Buy a Property That Will Earn You Rent?

If you buy a property that you can rent out, you’re essentially operating as a landlord. If you’ve ever been a landlord, you know it can be a full-time job, but it’s worth it if you can find the right tenants and charge a fair price for the rent.

And if you’re buying a property that will be rented out and generating your income, you want to make sure to buy a property that will give you a good chance of having great tenants, paying rent reliably on time, and having a low vacancy rate.

How to Find Properties That Earn You Rent

Before you start looking for properties that will earn you rent, you need to have a specific type of property in mind.

If you don’t know what kind of property you’re looking for, you’ll have a much harder time finding the right one. Here are a few things to think about when choosing a property:

Location – This may sound obvious, but it’s one of the most important factors when picking a property to buy.

You want to make sure your property is in a neighborhood that will appeal to tenants.

When picking a neighborhood, consider factors like crime rates, local schools, job growth, public transportation, and walkability.

You should also make sure the neighborhood has a below-average vacancy rate.

Property type – You’ll want to choose a tenant-friendly property type, such as a single-family home, a duplex, or an apartment building.

Property condition – You’ll want to make sure the property you buy is in good condition. If repairs need to be made, make sure to factor that into the price you pay for the property.

Real Estate Investing Tips for Finding a Property to Buy that Will Earn You Rent

Start looking for properties that earn you rent sooner rather than later – The earlier you start looking, the more time you’ll have to find the right deal, which will make your investing process easier.

Be open to different neighborhoods – Be sure to look in all different kinds of neighborhoods because you might find a great deal in a neighborhood that isn’t super desirable right now. Be flexible with your budget – You might find a great deal on a property that’s outside your budget. It’s important to be flexible with your budget because you don’t want to pass up a great deal just because it’s out of your price range.

Find a great realtor – A great realtor can help you find properties that earn you rent, walk you through the process of buying a property, and help you get a good price for the property you’re selling. A realtor can be an invaluable resource for any real estate investor.

3 Types of Properties that Will Earn You Cash Flow

When you buy a property that will earn you rent, you want to make sure it’ll give you a steady stream of income over time. If you buy a property that only brings in a few thousand dollars in rent, you may not have enough income to make the investment worth it.

To make sure you buy a property that will earn you cash flow over time, you’ll want to choose a rental property that has a high rental yield, below-average vacancy rates, and low maintenance costs.

These three factors help ensure that your rental property will continue to be a reliable source of income for years to come.

Apartment building – An apartment building is a great property to buy if you want to earn cash flow from the get-go. It’s one of the most expensive properties to buy, but it’s also one of the most reliable sources of income since you’ll have a long-term tenant at one location.

Single-family home – A single-family home is a great property to buy if you want a blend of both long-term and short-term tenants. It generally takes longer to find tenants for a single-family home than for an apartment building, but once you do, the tenants tend to stay for a long time.

Duplex – A duplex is a good choice if you’re looking for a lower-maintenance property and you don’t mind doing some work to keep both halves of the building in good condition. The lower maintenance costs are one of the biggest advantages of buying a duplex, but they also come with the disadvantage of a smaller profit margin compared to a single-family home or apartment building.

Wrapping up

Buying a property that will earn you rent is a great way to start your real estate investing journey. When you buy a property that will earn you rent, you’re buying an asset that will continue to bring in steady income for years to come.

When you’re picking a property to buy, be sure to find one that is in good condition, in a desirable neighborhood, costs less than $350,000, and has a high rental yield. Once you’ve found the right property, make sure to put in the work to make sure it stays in good condition, and you’ll have a reliable source of income for years to come.

Contact Us

At Rent Portland Homes – Professionals, we specialize in local property management for Beaverton and surrounding areas.

Our team has decades of combined property management experience and looks forward to the opportunity of earning your business.

Contact us today for a quote at (503) 447-7735 or click here to connect with us online.

As the United States enters a recession, the U.S. housing market is officially in a downturn that could potentially last for 12 months or longer.

The big question that most investors want to know is if a housing market downturn will help the rental market, or hurt it.

Thankfully, whenever the housing market faces a downturn, real estate investors can look for opportunities where economists expect defeat because real estate investors typically benefit the most when home prices fall.

Fewer People Buying, More People Selling

The housing market has been a nonstop boom for the last five to 10 years, especially in Portland Oregon, where home prices have gone through the roof, and in many cases, it’s made it next to impossible for people who earn under $100,000 a year to buy homes.

When it comes to investors, with fewer people buying, and more people selling, this means more properties are available than ever on the market for them to choose from.

Opportunities like this don’t come around very often, the last time that we saw market conditions like this was after the 2008 “Great Recession” when home prices tanked and stayed at record lows for several years.

The current recession is only just beginning, and even though some economists are saying that it’s not going to last very long, it’s likely that we could see this recession last for 12 months or longer.

Is A Housing Crash Coming?

Housing recession usually stems from “speculations.” What does speculation entail? This activity occurs when investors buy houses to make huge profits from them when they make a sale in the future. Speculation creates high demand, invariably skyrocketing the prices of homes. 

With more speculators joining in on the party, an ultimate crash is imminent. When there’s a downturn in the economy, those who took mortgages and loans will find it difficult to clear their debts as interest rates increase. Most investors will seek to sell their properties for lower rates to stay afloat, giving room for lower prices.  

Although a housing recession can negatively impact a country regardless of its economic prowess, it’s vital to understand that these events are usually short-term, meaning that economic recovery is achievable within a short period. Nonetheless, select occurrences can make this recession form last for long periods.

More

Ultimately, many economists have said that the state of the 2022 housing market is a lot different than what we saw in 2008 because the lending fundamentals are different than back then.

With the market built on stronger fundamentals, it’s likely that the current housing market downturn may not last for as long, or have as great an impact on the economy as some have predicted.

While investors wait for the housing market downturn to end, there’s still going to be a fair number of deals out there including multifamily and single-family homes for sale in Portland, and the greater PDX area.

Also, A Great Opportunity for First Time Investors

Besides being a great opportunity for longtime real estate investors, the current real estate market is also presenting ample opportunities for new real estate investors who are moving from stocks to real estate

Rental real estate presents a “steady Oasis” in any recession because of the simple fact that rental properties continue to earn passive monthly cash flow while most other well-known investments are tanking.

Once they add rental properties to their investment portfolios, some new real estate investors may choose to manage their rental properties themselves, getting first-hand experience in working with tenants, plus overall property management.

Yes, rental properties can be managed by any DIY investor, but the reality is that for passive income, it’s always a better decision for an investor to choose an experienced property manager like rent Portland Homes – Professionals.

When investors choose property managers to manage their rental they could have peace of mind in knowing that all aspects of property management will be handled from start to finish including property marketing, tenant selection, rent collection, maintenance, customer service and so much more.

Besides the ease and convenience of working with a property management company, another benefit is that owners can live anywhere in the United States while having confidence that their rental property is effectively being cared for and maintained by a company property manager.

New investors can take heart that rental real estate will continue to be a steady source of cash flow for them for years to come including good real estate markets, and bad.

What’s also most important to know about the state of the rental market is that with homes still out of reach for many buyers nationwide, rental real estate will continue to be in high demand in the years to come.

Why? People will always need a place to live and search for rental properties in Portland or surrounding areas nationwide.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals/4RentLocal.com, we specialize in property management for Beaverton, Portland, and surrounding areas.

Founded by Fred Marlow, our company has decades of combined property management experience in the PDX area. This means that regardless of if you are a new or inexperienced investor, you can have Peace of Mind in knowing that the best property management team in Portland is managing your rental property.

For a property management quote, or to learn more about the services that we can offer you, contact us today by calling or clicking here to connect with us online.