beaverton oregon property management

Top 5 Benefits of Hiring a Beaverton Oregon Property Management Company

Beaverton, Oregon is a vibrant city with a thriving real estate market. As a property owner in Beaverton, you have the opportunity to earn a steady income through rental properties. However, managing these properties can be a time-consuming and challenging task. This is where hiring a professional property management company in Beaverton can make a significant difference. In this article, we will explore the top five benefits of hiring a Beaverton Oregon property management company and how it can help you maximize your rental income.

Benefits of hiring a property management company in Beaverton Oregon

Time and stress savings with a property management company

Owning rental properties comes with a plethora of responsibilities. From advertising vacancies to screening potential tenants, to handling maintenance requests and ensuring rent is collected on time, the list goes on. By hiring a property management company in Beaverton, Oregon you can save a significant amount of time and alleviate the stress associated with these tasks. The property management company will take care of all the day-to-day operations, allowing you to focus on other aspects of your life or business.

Tenant screening and management by a property management company

One of the most crucial aspects of property management is finding reliable and responsible tenants. A property management company in Beaverton has the experience and expertise to thoroughly screen potential tenants, including conducting background checks, verifying employment history, and checking references. This meticulous screening process helps to minimize the risk of renting to problematic tenants, reducing the likelihood of late payments, property damage, or eviction. Additionally, the property management company will handle all tenant communication, including lease agreements, rent collection, and addressing any concerns or complaints.

Maintenance and repairs handled by a property management company

Maintenance and repairs are inevitable when you own rental properties. From minor repairs to major emergencies, these issues can arise at any time. By hiring a property management company in Beaverton, you no longer have to worry about being on call 24/7 or managing contractors. The property management company will have a network of trusted vendors and contractors who can promptly address maintenance and repair issues. This ensures that your properties are well-maintained, minimizing the risk of costly damages and preserving their value.

Legal knowledge and expertise of a property management company

Navigating the legalities of rental property management can be daunting, especially if you are not familiar with the local laws and regulations in Beaverton, Oregon. A property management company in Beaverton will have a thorough understanding of the landlord-tenant laws and will ensure that your rental properties are in compliance. They will handle legal matters such as drafting lease agreements, handling evictions if necessary, and staying up to date with any changes in the local laws. This expertise provides peace of mind and protects you from potential legal issues or disputes.

property manager

Maximizing rental income with a property management company

One of the primary goals of owning rental properties is to generate income. A property management company in Beaverton can help you maximize your rental income in several ways. Firstly, they will conduct thorough market research to determine the optimal rental rates for your properties, ensuring that you are charging a competitive yet profitable amount. Additionally, they will implement effective marketing strategies to attract high-quality tenants promptly. With their experience and knowledge of the local market, they can also suggest property improvements or upgrades that can increase the rental value and attract more desirable tenants.

Finding the right property management company in Beaverton Oregon

Now that you understand the benefits of hiring a property management company in Beaverton, it’s essential to find the right one for your needs. Start by researching and compiling a list of reputable property management companies in the area. Read online reviews and testimonials from their clients to gauge their reputation and level of satisfaction. It is also crucial to interview potential property management companies to assess their experience, qualifications, and communication skills. Make sure to ask about their fees and the services they provide to ensure they align with your expectations and budget. By finding the right property management company, you can enjoy a stress-free and profitable rental property investment.

Case study: Success story of a property owner with a Beaverton Oregon property management company

To illustrate the effectiveness of hiring a property management company in Beaverton, let’s take a look at a real-life success story. Jane Doe, a property owner in Beaverton, was struggling to manage her multiple rental properties while balancing a full-time job. She decided to hire a property management company to alleviate the burden. The property management company took over the day-to-day operations, including tenant screening, maintenance requests, and rent collection. As a result, Jane experienced a significant reduction in stress and was able to focus on her career while still earning a consistent rental income. The property management company’s expertise and attention to detail also resulted in higher-quality tenants and minimal vacancies. Jane’s success story highlights the value and benefits of hiring a property management company in Beaverton, Oregon.

Conclusion: The value of hiring a property management company in Beaverton Oregon

In conclusion, hiring a property management company in Beaverton, Oregon, offers numerous benefits for property owners. From saving time and reducing stress, to expert tenant screening and management, efficient maintenance and repairs, legal knowledge, and maximizing rental income, the advantages are undeniable. By delegating the responsibilities to a professional property management company, you can enjoy the rewards of rental property ownership without the headaches. So, if you own rental properties in Beaverton, consider hiring a property management company today and experience the peace of mind and financial success it can bring.

Contact Us 

If you’re a property owner in Beaverton, Oregon, looking to maximize your rental income and reduce the stress of property management, contact our professional property management team today. We have the expertise and experience to handle all aspects of your rental properties, ensuring your investment thrives. Don’t wait any longer – let us take care of your properties while you reap the rewards.

To get a quote, contact us today by calling (503) 447-7788 or click here to connect with us online.

tenants

Questions To Ask Your Tenants Before Renting To Them

Are you planning on renting your Beaverton home for the first time? If so, there are a variety of questions that you should ask applicants that will help you to choose the most qualified tenant for your rental property.

Asking the right questions during tenant screening is important because an applicant’s answers to those questions will offer you insight into the type of tenant that they could become.

In this article, we will offer you the top 10 questions that you should ask during the tenant screening process.

When do you plan on moving in?

A good first question for a potential renter is knowing when they plan to move. Maybe they have time left on their current lease and can’t move immediately. In this case, it may be best to find a tenant who can move in immediately to reduce vacancy time.

On the other hand, suppose the current tenant has given two months’ notice, and you have started advertising early. In that case, someone who wants to move immediately wouldn’t be a good match.

How long have you lived at your current address?

A basic tenant screening question is knowing how long they’ve lived at their current place. Their answer can give an idea of their stability as a long-term tenant. For example, have they lived there for less than a year? In that case, it’s good to find out why. It may be because of relocating with work or another legitimate reason. 

A tenant who is constantly on the move may be a sign of a problem tenant, and there’s a risk they won’t stay for the entire lease agreement term. 

Why are you moving?

Moving can be expensive, not to mention stressful. So, it’s worth asking a prospective tenant their reasons for moving. Maybe their current place no longer matches their needs. Or, they may need to live closer to work or family. Was it an increase in rent prices? Regardless of their reason, always do your due diligence during the screening process. 

It’s always a red flag if the tenant lies about their reason for moving. For instance, they say they need to downsize, but you learn from references that they are getting evicted or regularly miss rent payments.

Do you have pets?

If you don’t allow pets in your rental unit, then you must find out about any animals they have. However, even if you have a pet policy allowing animals, you may have restrictions on the size and breed. So, it’s best to find out before signing the rental agreement. Additionally, you can discuss your policy on paying a pet deposit and any additional fees. 

If you allow pet owners to rent, always carry out pet screening beforehand. 

Pro tip: Remember that a service animal isn’t classified as a pet, and you can’t deny housing to someone who has one. You should also check that the emotional support animal letter is genuine.

How many people will be living with you?

Rental laws restrict the number of people per bedroom in a rental unit. If you have a multi-tenancy unit, asking this simple question is essential. In any case, anyone living in the apartment permanently should be named on the lease agreement. 

Are you or anyone who will be living in the apartment smokers?

A vital rental screening question to ask a tenant is if they smoke. Typically, a rental agreement should state your smoking policy and outline the consequences for violating the lease. However, asking if they smoke allows you to assess their reaction. 

eviction

What’s your current income?

It’s not impolite to ask a straightforward question about how much a prospective tenant earns. After all, you must know if they can afford the monthly rent or not. Typically, a tenant can afford rent if they spend no more than 30% of their income on housing. According to a Harvard study, the 30% rule “remains a reliable indicator of affordability both over time and across markets.”

If their pay stubs or bank statements reveal a lower amount, you should be extra cautious about renting.

It’s worth noting that reports indicate that nonpayment of rent is the most common reason for evictions. 

Have you ever been evicted?

Asking about previous evictions may reveal why they were forcibly removed from a previous rental unit. Of course, if they were evicted, it’s good to be cautious. But were there extenuating circumstances? Or has enough time passed, and the tenant now has a good credit history for a previous eviction not to be an issue? Again, it’s good to find out. 

Do you have current or previous convictions?

Before asking about a criminal record, it’s crucial to know if any local laws prevent you from inquiring too deeply into this. There’s also grey area surrounding the Fair Housing Act, and if it’s truly legal to ask this question, as it may turn out to be discriminatory. However, if you can inquire about convictions, it’s good to do so. In addition, their criminal history and type of punishment could indicate if they are a suitable candidate for renting. 

Be very careful not to ask about arrests. It’s generally illegal to ask about previous arrests when conducting a screening interview. Arrests don’t always lead to convictions. 

Can you pay the security deposit and one month’s rent at the lease signing?

The last question is to ensure that the tenant can pay the upfront costs of renting. At the same time, you can ask if the potential tenant has any questions for you.

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Contact Us

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

Our company saves owners the time, money, and hassle of managing their rental properties themselves.

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