Tag property management tips

4 Rent Local is proud to announce the opening of their brand-new office located at 10260 SW Greenburg Road in Tigard.

The company looks forward to serving the Tigard, and Great Portland area, with its comprehensive property management services.

Owned by Fred Marlow Sr, a long-time property management professional in the Portland area, 4 Rent Local has decades of combined experience in property management and looms forward to helping homeowners who are renting their properties.

Tigard Property Management

Unlike some property management corporations that have a satellite office in the PDX area, this company is owned and operated by local property management professionals who know the Portland area and are committed to getting owners the most ROI for their properties.

Now is a great time for homeowners to rent their Portland properties because the demand for rental properties in Tigard and the greater PDX area has never been higher.

With an experienced property management team like 4 Rent Local serving them, owners can count on all their property management needs to be served including property marketing, rent collection, maintenance, customer service and more.

Property Management Professionals

Hiring a property manager is the best way for owners to earn passive income from their rental properties because an experienced property management professional like 4 Rent will handle all day-to-day property management tasks involved with the rental property so the owner can earn passive income.

Having a property management team on their side will provide owners with the peace of mind in knowing that they can enjoy passive income from their property without having to do any of the management work themselves.

Contact 4 Rent Local

To learn more about 4 Rent Local, and the property management services we can offer you, contact them today by calling (503) 447-7788 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.

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

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

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

Fewer People Buying, More People Selling

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

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

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

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

Is A Housing Crash Coming?

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

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

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

More

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

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

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

Also, A Great Opportunity for First Time Investors

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

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

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

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

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

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

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

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

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

Contact Rent Portland Homes – Professionals

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

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

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

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.

Are you searching for the latest Oregon landlord-tenant information for 2022-2023? If so, you’ve come to the right place!

In this article, we will share with you the most up-to-date landlord-tenant information that you can use for growing your rental property business in all the local cities and neighborhoods in the Portland Metro area.

Oregon Landlord Tenant  – Rights and Duties of Landlords

From the moment that you rent your property to a tenant; you enter a landlord-tenant relationship with them. This means that the tenant has a variety of rights that are recognized under the law, and they must be respected.

One of the most common rights that every tenant in Oregon landlord-tenant has is the right to be notified at least 24 hours in advance that the landlord is going to enter their rental property.

This notice should be placed on the door of the rental property so that the tenant knows that they have ample time to prepare for the landlord’s arrival. If the tenant is not notified, failure to comply with this rule is one of the most common reasons why landlords and tenants end up in court.

Habitability:

It is your responsibility to provide a home that is habitable and to make repairs when needed.

You must equip the residence with a properly working smoke and carbon monoxide detector and provide the initial set of batteries if it is battery operated.

By renting your property to the tenant, you give that tenant the right to possess and use your property, free from interference.

You may not enter frequently, at odd hours or without a legitimate reason or without notice

You cannot lock a tenant out:

The only exception to the no lockout rule is when a tenant who can demonstrate they have been the victim of domestic violence, stalking, or sexual assault asks to have the perpetrator tenant locked out of the unit where the victim of the crime continues to live.

As a Oregon landlord tenant, you are also responsible for observing federal, state, and local fair housing laws.

Discrimination:

You cannot discriminate against a tenant for having children, because of their disability, or because of their religion, race, sex, ethnic background, sexual orientation, or gender identity.

When a tenant is applying to rent, you also cannot consider a tenant’s past eviction case that they successfully defended.

You cannot discriminate against a tenant because they were a victim of a domestic violence, sexual assault, or stalking crime.

For more information about your fair housing duties, visit the Fair Housing Council of Oregon.

It is also illegal to retaliate against a tenant by raising the rent, shutting off utilities, or trying to evict the tenant because they complained to you or a public agency about habitability conditions, discrimination, or other violations of the law, or because the tenant joined or formed a tenant’s organization.

Security Deposit Return:

You must account for or refund to the tenant any security deposits after the tenant moves out. You must give the tenant a written accounting that states specifically why you kept a portion or all the deposit within 31 days of the rental agreement. If you do not comply with this requirement, the tenant can sue you for twice the amount of the deposit.

Notices to Terminate the Tenancy

To end a month-to-month tenancy during the first year of the tenancy, you must give your tenant a 30-day written notice, unless the rental unit is in the city of Portland, where 90 days’ notice and payment of relocation costs is required for no-cause terminations. The tenant may also terminate the tenancy with a 30-day written notice. A week-to-week rental period requires a 10-day notice.

If your tenant has lived in the dwelling for more than a year, you cannot terminate the tenancy for no cause unless you have a “qualifying landlord reason.” Qualifying landlord reasons are:

• You intend to demolish the dwelling unit or convert it to non-residential use, or
• You intend to do repairs or renovations which would render the unit unsafe, or
• You intend to move yourself or a close family member into the unit, or
• You have accepted an offer to purchase the dwelling unit from a person who intends to occupy it.

A fixed-term tenancy of less than one year will automatically convert to a month-to-month tenancy after the expiration of the fixed term unless the landlord has given a notice of termination at least 30 days prior to the end date stated in the rental agreement.

In Portland, Oregon landlord tenant must still give at least 90 days’ notice of intent not to renew a fixed-term tenancy. You cannot end a fixed-term tenancy early unless you have cause to end it, such as a violation of the lease by the tenant.

If a tenant (or someone in the tenant’s control) threatens to or inflicts substantial personal injury to a person on the property or neighbor, intentionally inflicts substantial damage to the property, or commits an act that is outrageous in the extreme, you may give the tenant a 24-hour notice to leave

The notice must be in writing in a special legal form.

The notice must explain the reason for termination, and it must be delivered personally to the tenant or mailed to the tenant by first class mail only. If a notice is mailed, you must add three days to the notice time. (The additional three days does not include the date of mailing.)

The legal form of the notice must be correct in all details to be enforced in court.

More

Oregon Landlord Tenant – Rights And Duties of Tenants

When you rent a house or an apartment, you enter a legal contract with someone. With this contract begins what is known as a landlord-tenant relationship. As a tenant, you have certain rights and responsibilities. First, you have the right of exclusive possession, which means that even though the landlord owns the property, you generally have the right to your privacy. No one may invade your “home” without legal authority. As such, your landlord must give you at least 24 hours notice before entering the property unless there is an emergency, unless you have requested repairs or maintenance (without designating certain dates and times), or unless the contract permits the landlord to enter the grounds (but not the dwelling unit) for yard maintenance.

Your landlord may enter the property after advance notice to make inspections, make necessary repairs, supply necessary services, or to show the property to prospective buyers or work people. If reasonable, you may deny your oregon landlord tenant permission to enter; however, you must act reasonably. Just as the landlord cannot abuse the right of access to harass you or enter at unreasonable times, you cannot withhold your permission to enter to hinder or interfere with the landlord’s exercise of his or her rights and responsibilities.’

More

Contact Rent Portland Homes – Professionals

At 4RentLocal.com/Rent Portland Homes – Professionals, we specialize in managing single-family and multifamily properties across the entire Portland Metro Area.

Owning local rental properties has only gotten more complicated since COVID-19. Thankfully, having an experienced property manager managing your investment property will save you the time and hassle of DIY management while ensuring that your property is rented for top dollar.

To learn more about the property management services we can offer you, or for a property management quote, contact us today by clicking here or calling (503) 447-7735.