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Being a landlord is a great way to make a passive income, but it’s not without its financial and legal obligations.

One of the most important aspects of being a landlord is understanding the tax implications of renting out property.

Knowing the basics of filing taxes as a landlord can help you maximize your earnings while staying in compliance with the law.

In this article, we’ll discuss 9 tax tips every landlord should know. From understanding the different types of income you’ll need to report to claiming deductions, we’ll cover the essentials of tax planning for landlords. With these tips in hand, you’ll be able to reduce your tax burden and keep more of your rental profits.

Understanding Your Landlord Tax Obligations

As a landlord, you have two main types of taxable income to report. The first is self-employment income and the second is rental income.

Self-employment income is the money you make from renting out your property that isn’t subject to payroll taxes. Rental income is the money you make from leasing out your property that is subject to payroll taxes. Depending on how you file your taxes, your obligations as a landlord will change. If you’re filing as an individual and you’re the only one renting out your property, you’ll be responsible for the self-employment taxes. If you’re filing jointly and others are renting out your property, then you’ll report the rental income.

How to Report Rental Income

If you’re renting out property on a long-term basis or have a significant amount of annual income from short-term rentals, you will most likely be required to file Form 1040. To report rental income, you’ll need to tally the amount of money you received from the property, the amount of money you paid out for property expenses, and the amount you paid in taxes.

The first two totals will go toward your gross income, while the taxes will go toward your net income. Next, you’ll list the amount of money you made from other sources, as well as the amount of money you paid in taxes on that income. Then, you’ll subtract the two totals, which will give you a net-income amount that you can then use to report your rental income.

Claiming Expenses and Deductions

Listing your rental-related expenses can help you maximize your deductions. This means you’ll end up paying less in taxes. Most of the deductions you can claim as a landlord are standard expenses such as property taxes and insurance.

Other expenses you may be able to claim include maintenance or repair expenses, utilities, security deposits, and cleaning services. You can’t claim all of these expenses, but it’s always a good idea to keep track of them in case you run into an audit. If you’re audited, you’ll want to be ready to back up your claims. If you’re unsure whether you can claim certain expenses, you can talk to the IRS about them.

Deducting Home Office Expenses

If you rent out part of your home and use it as an office, you may be able to claim some of the expenses that go along with it. You can deduct the expenses that are directly related to the space. This means you can only deduct the expenses that would have gone towards the house even if you weren’t renting out the office space.

You can’t deduct the office expenses if you rent out the entire house. When calculating your home-office expenses, you can use the simplified method. The simplified method is a simpler way of calculating the expenses since you don’t need to keep track of every penny spent. You can deduct 9% of the gross income you receive from the office space.

Applying for a Tax ID Number

If you’re renting out a significant amount of property, you may want to apply for a Tax ID Number. A Tax ID Number is also known as an Employer Identification Number. This will help you track all the money you’ve made from your properties and help you avoid getting audited. If you’re renting out a significant amount of properties, you will be required to report your rental income on Schedule E. If you have significant net rental income or have rental expenses that exceed certain thresholds, you may have to use Schedule E-file.

Taking Advantage of Tax Breaks and Credits

You can take advantage of certain tax breaks and credits as a landlord. This can help you optimize your rental income and reduce your taxes. You can take advantage of these breaks and credits by filing your taxes as a business. Being treated as a business will allow you to claim deductions that you may not have been able to claim as an individual.

It will also help you avoid paying taxes on the amount of money you make from renting out your property.

– The Residential Energy Credit is a tax credit you can claim for energy-efficient improvements that you’ve made to your home. With this credit, you can save up to 10% on your taxes.

– The Mortgage Interest Credit is a tax credit you can claim if you’ve made a mortgage payment during the year. With this credit, you can save up to 25% on your taxes.

– The Capital Gains Tax Rate is the rate you pay on the capital gains from renting out your property. This rate is 15% for long-term capital gains.

– The Home Office Deduction is a deduction you can claim for office space in your home.

This deduction can help you reduce your taxes by up to $1,000.

Keeping Track of Your Rental Income

The best way to keep track of your rental income is to create a detailed spreadsheet of your properties with the dates the leases are set to expire and the amount you get from each. That way, you can easily keep track of when your leases are coming up for renewal and how much money you’ve received from each rental.

You might also want to keep track of who pays you, as this will help you stay on top of your taxes. Besides keeping a detailed spreadsheet, you should also keep track of who pays you each month. You can do this by writing down who signs the lease and keeping track of the money they pay you by writing down how much they pay each month. This will help you stay on top of your money and know when you need to file your taxes.

Understanding Tax Withholding

If you’re renting out several properties, you may want to start withholding taxes from your tenants. This will help you avoid paying a massive amount of taxes at the end of the year. You can withhold taxes for your tenants in two different ways. You can withhold based on the percentage method or the wages method. The percentage method is the most common method for landlords who have a lot of short-term tenants. You can withhold 10% of their monthly rental amount and claim it on your taxes as taxes withheld from tenants.

The wages method is most commonly used for long-term tenants. You can withhold taxes from their monthly paychecks and give them to the government for safekeeping. The government will then give it back to you when you file your taxes. This is a great way to save money because you don’t have to wait until the end of the year to pay your taxes.

Hiring a Tax Preparer or Accountant

If you’re unsure how to properly file your taxes as a landlord, you can use a tax preparer or accountant. Many tax preparers or accountants have experience preparing taxes for landlords. This means they will know all the deductions you can claim and will be able to properly file your taxes.

If you choose to hire a tax preparer or accountant, there are a few things you can do to make the process go smoothly. First, you can make sure to gather all the necessary documents and keep track of your rental income. Second, you can make sure to communicate with your tax preparer or accountant. If they ask you a question or request a document, make sure you respond as soon as possible.

At 4 Rent Local, we specialize in local property management for income properties in the PDX area. To learn more about our services, contact us today by calling (503) 447-7788 or clicking here.

Searching for more information on tenant move out? Moving out of a rental property can be a stressful experience for both landlords and tenants, as there are many different steps that need to be taken to make sure that the process is completed correctly and smoothly.

To make life a little easier for all involved, this comprehensive guide to the tenant move out process outlines all the necessary steps for landlords and tenants to follow, from giving notice to the landlord to returning the keys.

With this guide, landlords and tenants can be sure that they will have all the information they need to make the move out process smooth and hassle-free.

What to Consider Before Tenant Move Out

Before tenants decide to end their tenancy agreements, they should first consider the various factors that may impact their decision. Depending on the terms of a rental agreement, tenants may have a certain amount of time (usually 30-60 days) to terminate their tenancy. If a tenant moves out before the end of the tenancy agreement, they may be required to pay rent until the end of the term or they may be responsible for paying any fees associated with breaking the lease.

Additionally, tenants may also have to pay a penalty fee if they have signed a lease that has a penalty fee for breaking the contract. Before a tenant decides to move out, it is also important for them to consider the amount of time that the move out process will take and the steps that they will need to complete. The tenant move out process may involve scheduling and completing multiple appointments with various contractors, cleaning professionals, and utility providers. The amount of time that the move out process will take will largely depend on the amount of time that tenants must complete each step.

Giving Notice to the Landlord Before Tenant Move Out

Before tenants move out, they must give the appropriate amount of notice to the landlord. The amount of notice that tenants must provide to the landlord will depend on the terms of the tenancy agreement. In some cases, tenants may also be required to provide notice because they signed a lease that requires it. Many tenants assume that they are only required to give 30 days’ notice to the landlord, regardless of what is written in the tenancy agreement.

However, tenants who want to be sure that they are complying with the terms of their tenancy agreement and who want to avoid potential issues with the landlord should provide the amount of notice that is required in their tenancy agreement. As a best practice, tenants should also document all communication with the landlord and keep a copy of the notice and any other related communication in a safe place, such as in a digital file or folder.

Preparing the Property for Move Out

After tenants have decided to move out and have given notice to the landlord, the next step is to prepare the property for move out. This step is important because it will help tenants avoid incurring fees and fines from the landlord and will ensure that the move out process is as easy as possible for tenants. Before preparing the property for move out, tenants should gather all their belongings, such as furniture and appliances, as well as any tools, materials, and cleaning supplies that they will need to complete the move out process. Once tenants have gathered all the necessary belongings and items, they should store them in a safe and secure place. This will help tenants avoid incurring fines from the landlord and will make it easier for them to complete the move out process.

Taking Pictures and Preparing Documentation

Before tenants move out, they should make sure to document the condition of the rental property. This will help tenants avoid incurring fines for damages to the property and will help speed up the landlord’s move out process. A good way to document the condition of the rental property is by taking pictures of all areas of the property. Pictures will help tenants keep track of all necessary documentation, including any stains, dents, and other damages to the property. Tenants can also prepare documentation that includes a detailed list of all belongings and items that they have in the rental property. This will help tenants keep track of all their belongings and will make it easier for them to complete the move out process, since they will already have a list of all items in the rental property.

Cleaning the Rental Property

Once tenants have gathered all their belongings and have prepared the rental property for move out, the next step is to clean the property. The first step in cleaning the rental property is to schedule a cleaning appointment with a cleaning or cleaning service. This will make it easier for tenants to clean the property and will ensure that they do not miss the move out cleaning deadline. After scheduling the cleaning appointment, tenants should start cleaning the property. Cleaning the rental property is an important step in the tenant move out process because it will help tenants avoid incurring fines from the landlord and will make it easier for them to pass the final walkthrough.

Returning the Keys

After tenants have cleaned the rental property, they should make sure to return the keys to the landlord. Before giving the keys to the landlord, tenants should make sure that they have a record of the keys. Tenants should also check the rental property to make sure that they do not leave any keys behind. As a best practice, tenants should return the keys in person and keep a record of when they gave the keys back to the landlord. This will help tenants avoid fines and make it easier for them to pass the final walkthrough.

Final Walkthrough

After tenants have cleaned the rental property and returned the keys, the next step is a final walkthrough of the property. A final walkthrough is an inspection of the rental property by the landlord and tenants. During the final walkthrough, tenants and the landlord will walk through the property and check for any damages or issues with the property. During the final walkthrough, tenants should be sure to point out any issues with the property and keep documentation of any damages they see in the rental property. This will help tenants avoid fines and make it easier for them to complete the move out process.

Security Deposits

If the rental property is covered by a security deposit, tenants have the option of either returning the deposit to the landlord or transferring it to the next tenant. If tenants decide to return the security deposit to the landlord, they should make sure to do so in a timely manner. If tenants decide to transfer the security deposit to the next tenant, they should make sure to document all necessary details, such as the amount of the security deposit, the name and contact information of the next tenant, and the due date for the transfer. This will help tenants avoid fines and make it easier for them to complete the move out process.

Setting Up Final Utilities

After tenants have completed the tenant move out process, they may be responsible for setting up final utilities, such as water and electricity. Before setting up final utilities, tenants should make sure to check with the relevant utility provider to find out what is required to set up utility service in their name. To avoid incurring fines from utility providers, tenants should make sure to set up utility service in their names as soon as possible after moving out of the rental property. This will help tenants avoid fines and make it easier for them to complete the move out process.

Terminating Lease Agreements

In many cases, tenants will sign a lease agreement that specifies the terms of their tenancy, including the end date. If this is the case, tenants should make sure to end their tenancy agreement according to the terms specified in the agreement. If tenants have a written lease that does not have an end date, they should end their tenancy as soon as possible.

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

Our team makes tenant move outs a breeze, saving owners the time, money and hassle of going through that themselves.

To learn more about the services we can offer you, contact us today by calling (503) 447-7788 or click here to connect with online.

One of the keys to success with managing a rental property is tenant screening because the quality of your screening will result in you renting to the most qualified tenants.

If you’re new to owning rental properties, or you’ve owned rentals for years, this article will offer you several tenant screening tips that you can use to screen and place the right tenants in your property.

Identify tenant needs and requirements

Before you begin screening applicants, you should first identify tenant needs and requirements. This can help you create a shortlist of ideal tenants based on their needs and requirements. For example, you can use tenant profiling to help you establish that you want to rent to a family with school-age children. By knowing exactly who you want to rent to, you can save time and reduce the chance of selecting the wrong tenant. It’s important to note that you can’t discriminate against a potential tenant based on protected class. This means that you can’t select a tenant based on their race, religion, sex, or national origin. You also can’t refuse a tenant based on their source of income, disabilities, and/or children, marital status, and/or sexual orientation.

Review applications and rent price

Once you begin to receive applications, you’ll need to review each application and rent price. You can use this as an opportunity to screen for risk. For example, if the application has a credit score of 650 or less, you can consider rejecting the application. If the application is from a source of income that is not verified, you can also consider rejecting the application. Always review the rental price. You don’t want to select a tenant that expects to pay less than the price listed on your rental application. This could be a sign that they may not stay in the property for an extended period of time. You also want to make sure that the rent price is reasonable. You don’t want to price your rental out of the market.

Check credit and background

Once you’ve narrowed down your list of applicants, you’ll want to conduct a full credit and background check on each applicant. This will help you to identify any red flags and potential issues. Always make sure to get permission from the tenant before conducting any type of background check. You may also want to consider using a tenant screening company to conduct background checks. This can help to ensure that you’re complying with fair housing laws. Make sure you also check the credit report to help you identify any red flags. Make sure to check the credit report of all adults listed on the application. You don’t want to select a tenant that has a low credit score or has had issues with their credit in the past. You also want to make sure that they have enough credit available to cover the rental payment.

Contact references

Once you’ve conducted a credit and background check, you should also contact references. This will help you to confirm that the information you’ve gathered about your tenant is accurate. Always give your tenant notice before contacting their references. This will help you to avoid any potential confusion. Always contact at least two references. You can contact the current landlord if the tenant is currently renting. You can also contact a previous landlord or employer if the tenant is not currently renting. It’s also a good idea to ask your tenant for additional references. This will help to confirm that their current references are legitimate.

Verify employment and income

You want to make sure that your tenant can afford the rental payment. This will help to protect you from a potential eviction. You also don’t want to select a tenant that might not be able to stay in the rental for an extended period of time. This will help you to avoid going through the renting process again and again. Always verify employment and income. This can help to protect you from a potential scam. You don’t want to select a tenant that isn’t employed or has a low or inconsistent income. This will increase your risk of losing money on your rental. You also want to make sure that the employment and income information is consistent with the information on the application. This can help you to avoid a false application.

Check rental history

You want to make sure that your tenant has a rental history. This will help you to avoid selecting a tenant that is new to renting. It will also help you to avoid selecting a tenant that has recently evicted from another rental property. This can be helpful for protecting you from a potential eviction. You can check rental history with a rental history report or rental verification service. This can help you to identify any issues with past rentals. Make sure to check all addresses associated with the tenant. You also want to make sure that the tenant has listed the correct information. This can help to avoid confusion.

Conduct a tenant interview

After you’ve conducted a full background check, you should conduct a tenant interview. This can help you to identify any red flags and come to a more informed decision on which tenant to select. This is also a good time to discuss expectations, terms, and conditions. Always conduct a thorough tenant interview. This will help to reveal any potential issues and help you to select the right tenant. It’s important to remain objective during the interview. Avoid sharing too much information. This can help you to avoid disclosing any sensitive information.

Run a tenant screening report

Once you’ve conducted a credit and background check, you should run a tenant screening report. You can use this report to identify any potential issues. Make sure to run a full report rather than a standard report. This will allow you to view all available information. You can also run a criminal history report to help you identify any potential issues. This will help you to avoid selecting a tenant that has a criminal record. Make sure to run a full report rather than a standard report. This will allow you to view all available information.

Take photos and document the property

Once you’ve selected a tenant, you should take photos and document the property. This will help you to record the condition of the property and any existing damages before the tenant moves in. It will also help you to quickly document any existing damages if your tenant is unable to repair them. This can help you to reduce maintenance expenses. Always document the property before your tenant moves in. This can help you to avoid any miscommunications or misunderstandings between you and your tenant. It can also help you to avoid any potential disputes with your tenant down the line.

Sign a rental agreement

Once you’ve selected a tenant, you should sign a rental agreement. This will help to protect both you and your tenant. It will also help you to set expectations and outline potential terms and conditions. Always make sure to create a standard rental agreement. This can help you to protect yourself from any potential issues. It’s also important to consider how your tenant screening process may change over time. This can help you to stay up-to-date on new services and best practices. You may also want to make changes to your tenant screening process as your rental property changes. This can help you to ensure that you’re selecting the right tenant for your property.

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At Rent Portland Homes – Professionals, our team specializes in local property management for Beaverton and the surrounding area.

To learn more about the services we can offer you, contact us today by calling (503) 477-7788 or click here to connect with us online. 

Real estate investing is an attractive option for those looking to diversify their portfolios and build wealth regardless if you’re planning on investing in multifamily vs. single family properties. 

There are many different types of investments, including multifamily and single family properties. When deciding which type to invest in, it is important to weigh the pros and cons of each.

Multifamily properties offer advantages such as increased cash flow and potential economies of scale, while single family properties provide the opportunity to customize and renovate. Both types of properties come with their own unique set of risks and rewards, and understanding the differences between them is key to making an informed decision.

In this article, we will explore the pros and cons of investing in multifamily vs single family properties.

What is a Multifamily Property?

A multifamily property is a residential rental property that is designed to house multiple tenants. There are a number of different types of multifamily properties, including manufactured homes, townhouses, and apartment buildings. The number of tenants living in a multifamily property will vary depending on the type of property. For example, manufactured home parks are generally designed for groups of people to live together, whereas an apartment building may have only one tenant per unit. The majority of multifamily properties are either apartment buildings or townhouses. They are often referred to as “rental properties” or “rental real estate” because they generate rental income for their owners. While the majority of single family rental properties are also rented out, they are referred to as “rental properties” when they are part of a multifamily portfolio.

What is a Single Family Property?

A single family property is designed to house one family. Single family properties include detached homes, semi-detached homes, and row houses. Single family rental properties are less common than multifamily properties, but they do exist. Single family rental properties are generally large detached homes that are rented out to tenants who do not wish to live in a more urban environment. Single family properties are generally referred to as “owner-occupied” properties because the owner lives in the home. Single family properties are also referred to as “residential” properties. Residential properties are often combined with other residential properties to form larger developments, such as condominium complexes, planned unit developments (PUDs), and mixed-use developments. Residential properties are also referred to as “single family” properties.

Advantages and Disadvantages of Investing in Multifamily Properties

Greater potential for cash flow – In general, multifamily properties have higher potential for cash flow compared to single family properties. This is especially true for larger apartment buildings, where average monthly rents can be in the thousands. In smaller apartment buildings, average monthly rents may be in the hundreds, but it depends on the market and the type of unit. – Economies of scale – Multifamily properties are often easier to manage when compared to single family properties. This is especially true for larger buildings that have more than 10 units. A larger building can have one rooftop unit, a master HVAC system, and a single HOA, which can lead to greater economies of scale. – Higher rental rate per unit – Multifamily properties generally have higher rental rates per unit, which reduces the cash necessary to obtain the property. In addition, larger buildings are often easier to rent out, which can lead to quicker cash flow. – Potential tax advantages – Depending on the type of multifamily property you invest in, you might be able to deduct some of your expenses as a landlord. For example, if you own an apartment building, you might be able to deduct your mortgage interest, real estate taxes, and operating expenses. These deductions can reduce the taxes you owe each year, which is an important consideration when deciding which type of property to invest in.

Advantages and Disadvantages of Investing in Single Family Properties

Ability to customize – The single family rental property can be customized to better suit the needs of the tenants. For example, a single family home can be customized to include an accessible bathroom or space for a child’s playroom. Single family properties are also great for those who wish to rent to families with young children. – Ability to renovate – Single family properties can be renovated to increase their value. Renovations can include improving the curb appeal, installing new appliances, adding new flooring, and more. Renovations can be expensive, but they can also increase the value of the property. – Lower acquisition costs – Single family rental properties generally have lower acquisition costs when compared to multifamily properties. Single family properties are often easier to find and close on because of the smaller pool of potential buyers. In addition, single family homes are often less expensive to purchase because they do not require as much cash for the down payment.

Which Type of Property is Right for You?

Before investing in a multifamily or single family property, you should consider your long-term financial goals. If you are looking to obtain quick cash flow, then a multifamily property may be the right choice. On the other hand, if you wish to renovate and increase the value of a property, a single family rental property may be right for you. It is also important to consider your risk tolerance when deciding which type of property to invest in. While multifamily properties generally have lower acquisition costs, single family properties may have greater potential for appreciation over time. The decision on which type of property to invest in will likely depend on your specific goals and risk tolerance.

Real estate is a great way to build wealth and achieve financial freedom. The type of real estate you invest in will depend on your long-term financial goals. If you are looking to obtain quick cash flow, then a multifamily property may be the right choice. If you wish to renovate and increase the value of a property, a single family rental property may be right for you. It is important to understand the pros and cons of each type of real estate before making a decision.

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

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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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).

More

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.