As an investment property owner, it’s tempting to go it alone when renting out your property to avoid extra financial outlay. You’re already working hard to get the home ready to rent, paying for upgrades, repairs, insurance, and more. Especially in Portland, where right now the rental market is super red hot, it’s easy to think that with so many tenants to choose from, it will be a breeze to find good ones.
Tenant eviction is an unfortunate, but sometimes necessary fact of investment property management. The process of evicting a tenant can fire up emotions for both the tenant and the landlord, assuredly causing stress and potentially bad feelings on both sides.
Landlords, are you wondering why you’re property isn’t getting interest? You’ve spruced it up and put it on the market, but the clock is ticking. Every second that goes by without a renter is one where you are losing money. In this article, we’re going to answer your question: My rental property is not renting, what am I doing wrong?
The incentive for retaining renters in your investment property is clear and easy: it’s less expensive to keep current renters instead of finding new ones. Reducing turnover goes hand in hand with less loss of revenue, and that goal is achieved by the work of many within a property management company. But so much more ties into creating a home that your renters are reluctant to leave, that a good property management team can stay on top of, and deliver.
The argument for and against the healthy environment of a home and the presence of carpet is a hotly debated topic. Who knew?
We don’t need to tell you that the rental market in Portland is sizzling right now. As summer fades, demand for housing is still as hot as those Portland summer days we have left behind. If you plan on moving to Portland, or upgrading your current rental situation, it’s best to start preparing to apply for a new rental now by doing the following...
The local and national news has been abuzz in the past few weeks about “the Big One” in the Pacific Northwest, the earthquake that some say the area has been long “overdue” in experiencing.