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Are you searching for information on how to find the best property management company? If so, you’ve come to the right place.

Searching for the most experienced property manager is understandable simply because a property management company will save you the time, money, and hassle of managing your rental property yourself.

In today’s world, there are a wide variety of property management companies out there, but few are experienced or could be classified as a great property management company.

Thankfully, finding the most experienced property manager is easier than you think, especially when you follow these tips.

How To Choose The Best Property Management Company

Even though some property management companies have a nationwide footprint, the reality is that few of those companies know the local area where they have offices.

Choosing a property manager that has local market experience is important because, they will know the rental market better than anyone, and have a tight vendor matrix of maintenance professionals, contractors, and service companies that they can turn to at a moment’s notice.

Tip #2 – Look for Experience

Another thing to be on the lookout for while searching for the property management company is a property manager with verifiable experience.

The property management company that you decide to work with should have been in business for at least five years and have verifiable references that can easily be found on websites like Google My Business, Facebook, Yelp, and other local business directories.

If the company cannot be found online, or if no customer reviews exist, this should lead to you questioning the legitimacy of this company and wondering if they truly have the experience that they had claimed to have.

Every service-based company currently should have reviews online, regardless of if they are good or bad, simply because this is one common trait that comes from doing business in the computer age.

By reading management reviews, you’ll be able to get a good understanding of the services that the company has to offer and you’re going to have Peace of Mind in knowing that they are the most qualified company to provide you with the services that you need.

Tip #3 – Make Sure They Have a Team

As the old saying goes, teamwork makes the dream work, and the same can be said about hiring a property management company.

One of your top goals during your search for the property management company should be to hire a company that has an actual team that manages their clients’ rental properties.

Yes, having a team does mean that they should have at least one person who specializes in each of the individual services that you need for your rental property including customer service, rent collection, maintenance, accounting and marketing.

Choosing to work with one person who does everything will only lead to failure because, that one individual may have property management experience but, once they get busy, the quality of their work, and the time that they’re able to invest in managing your rental property will only begin to fail.

It’s best to thoroughly analyze the property management company before you hire them and to confirm that they do have a team that manages their rental properties so that you could have confidence that your investment property will be professionally managed by caring professionals who will offer your tenants the best service possible.

#4 – Verify Their Licenses

You may have thought that you found the property management company but, one more thing to look for during your search is to verify that they are licensed in the State of Oregon.

Every property management company in the State of Oregon should have a license to manage rental properties, if a property management company is not licensed, this should make you think twice about hiring them to manage your rental property.

Choosing to work with a licensed property manager shows you that they are fully committed to their business and willing to go the extra mile to ensure that they get the training and skills that they need to professionally manage their clients’ rental properties.

#5 – How Mane Properties Do They Manage?

While searching for a property management company in Portland Oregon, or elsewhere in the United States, you should also be willing to ask the company how many rental properties they currently manage.

A professional property management company should be willing to tell you upfront how many properties they currently manage in their portfolio and where those properties are located.

Yes, you won’t be able to inspect those properties in person but, you should be able to drive by each property to get a bird’s eye view of how that property looks on the outside.

If the property looks well maintained, clean, and has tenants, this should be able to provide you with confidence and Peace of Mind and knowing that you’re going to be working with a property management company that will apply the same standards when managing your rental property.

#6 – What Is Their Vacancy Rate?

Last of all, another key question to ask during your search for a property management company is what is their vacancy rate?

In 2022, the state of Oregon currently has one of the lowest vacancy rates in the United States, especially in the Portland area, where vacancy rates have dropped to record lows in recent years.

An experienced property management company should be able to quickly and efficiently rent their client’s properties so that there are no more than 30 days between the vacant property and its next tenant.

#7 – Thoroughly Analyze Every Company

Since the start of the real estate market boom, there are more property management companies out there than ever before but there are also many companies out there who lack the experience that they need to professionally manage their clients’ rental properties.

The Internet can also make it more difficult when comes to finding the property management company because it’s easy for any company to establish an online presence so they look legitimate when the truth about that company could be far different.

Before you take the last step and choose to work with a property manager, you should also thoroughly analyze that company and use your best instincts before choosing them.

You must realize that if a property management company excels in one area, but you find them lacking in other areas, ultimately, it’s going to be the areas that they are lacking in which could ultimately hurt your ability to continue earning passive income from that property.

Contact Us

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

Our team will save you the time and hassle of DIY property management so that you can focus on enjoying the passive income that comes from your rental property.

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

Since the end of the pandemic, evictions have been on the rise in Portland, and across the entire state of Oregon.

Even though eviction is something that every landlord must deal with at some point, the reality is that it’s entirely possible for landlords to avoid evicting tenants if they use the right strategies to help avoid eviction.

In this article, we will share with you several strategies that landlords can use to help the costly eviction process.

Steps For Avoiding Eviction

One of the best ways you can avoid the eviction process with a tenant is to make sure that your lease is very clear about rent, and the consequences for paying rent late.

Some key points that your lease should include area:

• When rent is due
• What your grace period is
• When rent is considered late
• Late fees
• When the eviction process starts

Having clear language in the lease regarding rent is not enough, you must also be willing to enforce the rules because, if you let your tenant get by with paying the rent late, that tenant will take advantage of your generosity and be willing to do that again anytime in the future.

Worse yet, tenants who pay their rent late won’t hesitate to tell their friends, family members, or other renters that they’ve paid rent late and that those tenants can do the same should they encounter similar circumstances where they must pay late in the future if they are renting from you.

Encourage Communication When If Your Tenant Has Financial Problems

Another important thing that you can do to help avoid the eviction process with your tenant is to be willing to communicate with them when they experience financial problems.

Since the start of the pandemic, it’s not uncommon for many tenants to have lost jobs, changed jobs, or industries, so it’s best to encourage your tenants to be very upfront and communicate with you if they are experiencing financial problems.

It’s always best to be willing to work out payment arrangements with tenants, especially if you know the money is coming because good tenants are worth their weight in gold.

It’s better to work with them rather than just take that tenant through the eviction process and start all over again with finding a new tenant for your property.

Connect Tenants with Local Social Support Services

Another important thing to do once your tenant reaches out to you regarding a job loss that will cause them to be late paying their rent is for you to connect them with local social support services.

Tenants must be made aware that help is available to them if they’re unable to pay their rent on time or if there’s faced with not being able to buy food for the month, they should know that support programs are out there that they can tap into to help cover the gaps until they get back on track financially.

Offer Them Cash for Keys

Let’s be clear, the absolute last thing that a tenant wants is to have been an eviction on their rental record, the same is true for the landlord, every landlord wants to avoid eviction with their tenant, therefore offering them an arrangement like cash for keys is ideal.

Cash for keys is one of the most time-tested ways to avoid eviction because, instead of taking the delinquent tenant through the eviction process, the landlord offers them a viable cash payment for them to move out within a set period.

Even though cash for keys is an ideal way to avoid eviction, this agreement must also be in writing and the tenant must be made aware that if they violate the agreement, they will immediately face eviction.

Inform Your Tenants That You Will Report the Eviction to The Credit Bureaus

Last of all, but most important, if an eviction with a tenant is moving forward, you should also inform the tenant that you will be reporting the eviction to the credit bureaus.

This is important to mention because, in today’s world a credit score is priceless, and nobody wants to have an eviction on their Portland credit report which could hinder their ability to successfully apply for a mortgage loan.

It’s best to lay out all the consequences of the eviction to the tenant right from the very beginning so that they’re aware that there’s more than one consequence that could affect them financially in the years to come.

Contact Rent Portland Homes – Professionals

At 4RentLocal.com/Rent Portland Homes – Professionals, we specialize in local property management services for the Portland Oregon area.

Our property management team saves owners the time, money, and hassle of managing their rental properties themselves so that they could focus on earning passive income and passive cash flow from those rental properties.

If you need help with property management services, including evictions, contact us today by calling (503) 447-7735 or clicking here to connect with us online.