Oregon Rent Cap for 2021

Every year in September Oregon sets the rent cap for the following year. Senate Bill 608 (2019) tasked the Oregon Office of Economic Analysis to set and publish the Oregon rent cap which is based upon 7% plus Consumer Price Index (CPI). Earlier in the week, the Oregon Office of Economic Analysis at 9.2% for…

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Why Real Estate is a Fantastic Investment

If you’ve found yourself on this site, you’re likely probably already convinced of the value of real estate investing, but perhaps you’re still learning why real estate over other investment vehicles. I’m anxious to relay to you an article written by Brandon Turner, founder of Bigger Pockets, entitled 12 Reasons Rentals Are Simply the Best…

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When It’s Time to Hire a Property Manager

I came across this article recently by Sabine Ghali titled 6 Signs It’s Time To Hire A Property Management Company, I think it’s worth your time to read. I’ve always been a proponent of people managing their own properties. However, you have to see your rental as a business, because that is what it is.…

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What Should I Do If My Tenant Can’t Pay Rent?

The COVID-19 pandemic and the resulting government-mandated shelter-in-place orders have caused approximately 30 million people in the United States to become unemployed. Unemployment is difficult at anytime, but the pandemic complicated things even more with states unemployment offices being overwhelmed by the influx of unemployment claims. In the end, it leaves many people out of…

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The Value of Hiring a Property Manager

I came across this really well written article over at roofstock that is worth your read. Many landlords self-manage their own rental properties. We think this is great we are here to help self-managing landlords. If the landlord has the time and the attention to detail to manage their own rentals in a legal, effective…

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Best Practices in Leasing under Oregon Rent Control Laws

  Recent law changes in Oregon have given tenants certain rights they did not previously have. The disruption to landlord practices is not the rent cap laws, but the restrictions to no-cause evictions. These laws have necessitated that landlords conform their practices to position themselves in the best possible position in dealing with tenants in…

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Screening Applicants with Frozen Credit

When screening applicants you should always do a background and credit check. You should never place a tenant without first completing this step. Occasionally, when preforming a credit check on an applicant, the credit check will come back “NA”. Usually, this happens because the applicant hasn’t built up credit yet. This is typical with college…

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Quick Tip for Lease Term Length

One of the factors to consider when choosing the term length for your lease and you sign your next tenant is the calendar. When you lease term ends is (obviously) the most likely time your tenant will move out. Therefore, it decreases vacancy (often, the most costly expense) to have your lease end during peak…

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