Landlords
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…
Read MoreThe 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…
Read MoreShould You Use a Property Management Company for Your Rental Property?
This article over on the QuickenLoans site has some great items to consider when deciding whether to use a Property Management Company or self-managing your rental property. The key is to remember that having a rental property is like having a business. You wouldn’t buy a business and expect it to preform well unless you…
Read MoreBest 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…
Read MoreScreening 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…
Read MoreBest Practices for Landlording with Oregon Rent Control
As of February 28, 2019 rent control laws in Oregon have been enacted. Maybe you’ve read through the Senate Bill text, but find yourself more confused than when you started. We’ve tried to make an easy-to-understand summary of the changes, as listed below. Please keep in mind this is a summary and there are more…
Read MoreQuick 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…
Read MoreNew bill would band landlords from discriminating against people who receive rent help
A news article from November 14 caught my eye from Think Progress headlined “New bill would ban landlords from discriminating against people who receive rental help.” This potential bill might be good news for tenants who rely upon rent assistance in order to find a place to live. For landlords, it might be bad news…
Read MoreProperty Inspections
One of the most important aspects of protecting your investment is doing regular property inspections. You have to get in the property on a routine basis to make sure there is no property damage and to make sure the lease is being followed. How often you do your inspections is up to you a landlord.…
Read MoreThe Importance of High Quality Listing Photos
Having good pictures for your rental listings is very important because the vast majority of tenants are finding their rentals online. Having high quality photos for your rental listing creates interest about your property over the many listings out there. The sooner interested tenants call you, the sooner you can get your unit rented out.…
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