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Should You Add A Coin-Op Laundry Machine To Your Multifamily Rental Property?

Do you own multifamily rental property in Beaverton? If so, like most owners you may be thinking about the best ways to generate additional revenue streams from that property.

Coin-op laundry machines are a time-tested way to add value to a property while generating passive income and you will enjoy these benefits when you choose to add these machines to your property:

Reasons To Add A Coin-Op Laundry Machine To

  • Marketability – Let’s face it, most tenants are looking for multifamily properties that offer on-site laundry and if your property offers this amenity, it will stand out to prospective tenants.
  • Higher Rents – In most markets, it’s not uncommon for owners to rent their properties that have coin-op laundry for up to 20% more than comparable rentals.
  • Return On Investment – Since your coin-op machines are providing a valuable service, you can count on a good return on investment from those machines.

Potential Drawbacks From Adding Coin-Op Laundry Machines

As with any investment, there will always be potential drawbacks to consider before adding that amenity to your business.

  • Maintenance – With any mechanical device that you may own, it’s going to require quarterly or annual maintenance. The good news is that you can outsource and schedule that maintenance so that your coin-op laundry machines are always running smoothly.
  • Potential Damage – Even though it’s unlikely, another thing that you could face from adding coin-op laundry machines to your property is potential damage from those machines should a water line burst or one of your coin-op machines catch fire.  

Ultimately, the decision to add coin-op laundry machines to your Beaverton Rental Property is up to you, but when you consider the benefits that come from this decision, it’s easy to see that adding coin-op laundry is a smart long-term investment for any owner.

Contact Rent Beaverton Homes

For more property management tips, or to speak with us about the property management services that we can offer you, contact us today by calling (503) 447-7735 or click here!              

Beaverton Oregon Property Management – The Best Way To Earn Passive Income From Your Rental Property In Beaverton Oregon

Are you searching for more information on the best way to earn passive income from your rental property in 2022? If so, the solution is to hire a Beaverton Oregon Property Management company.

Once you hire a property manager to professionally manage your rental property, you will have confidence and peace of mind in knowing that every aspect of property management will be professionally managed for you.

THINKING OF RENTING YOUR HOME

What Will A Beaverton Oregon Property Management Company Do For You?

Tenant Screening – A property manager in Beaverton Oregon will screen and place the most qualified tenants in your rental property.

Our team won’t hesitate to use the most comprehensive Washington County Property Management services and solutions so that the very best tenants will be chosen for your rental.

Maintenance – When it comes time to do everything from basic maintenance like landscaping to more common maintenance projects, our Hillsboro Property Management team can handle it all, giving you peace of mind in knowing that should your property need maintenance, it will be handled immediately.

Accounting – One of the most complicated parts of owning a Oregon rental property is accounting. Thankfully, you can also count on us to take care of all your accounting needs with our Vancouver Washington Property Management services so that your books will always be well managed and you can rely on us for accurate reporting at all times.

Property Marketing – When it comes time to market your rental property, you can also rely on our Holland Rental Properties property management services to market your property for rent on all of the top rental property websites so that it will attract interest from the most tenants possible.

When people search for group homes for rent or single-family homes for rent Portland Oregon homes, they find your rental properties and our company will provide you with comprehensive property management services from the start to the finish.

Comparable to property management companies in Washington County, Rent Portland Homes – Professionals, is a long-time property management company in Beaverton Oregon.

Owned by Fred Marlow, a long time Beaverton area property manager, our company has the skills and experience that you need to effectively manage your investment property.

Contact Rent Portland Homes – Professionals

To learn more about our Beaverton Oregon Property Management services that we can offer you, contact us today by calling (503) 646-9664 or click here to connect with us online.

Rent Portland Home Professionals
Should You Rent Your Single-Family Beaverton Home?

Are you thinking about renting your single-family Beaverton home, but you’re not sure if that’s the right decision for you to make or not? If so, you’ve come to the right place.

Rental income is a great way to generate steady and consistent cash flow in the 2020s, but the reality is that there are several things that you have to do first to ensure that you can earn a consistent income from your property.

#1 – Screen And Place The Most Qualified Tenants

The key to success when it comes to renting your single-family Beaverton Home is to screen and place the most qualified tenants.

To do this, you will need to do a complete background check on applicants, be willing to call their references, and pull their credit reports, to ensure that they are working full time and earning at least three times the rent that you’re charging for your property.

#2 – Develop Standards And Stick With Them

Besides screening and placing the most qualified tenants, you also must be willing to develop standards/rules and stick with them.

This means that you will have rules that your tenants must know that they have to follow or they will face fines and possible eviction from the property, if broken,

Victoria Haffner

#3 – Create A Vendor Matrix

Once you’ve rented your Beaverton home, the next thing you must do is create a vendor matrix of trusted companies that you can call at a moment’s notice to assist you with things like plumbing and routine maintenance, to more advanced maintenance issues.

Having a vendor matric is essential because the last thing that you want to do is to perform maintenance on your property yourself because at that point, the income stream becomes an active income stream, instead of a passive income stream.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we specialize in local property management for the PDX area.

Our team will save you the time, money, and hassle of managing your Beaverton home yourself, so that you can enjoy passive income that comes from your property.]

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

Beaverton Property Management Tips For Success

Searching for Beaverton Property Management tips? If so, you’ve come to the right place!

Owning rental properties in Beaverton Oregon is a smart investment, but in today’s world as the rental market changes it’s more important than ever before to be prepared for those changes as you manage your Beaverton rental properties.

Thankfully, if you follow the tips in this article, you will be able to manage your rental property efficiently and earn excellent ROI from those rentals.

Bella and Sarah

Beaverton Property Management Tips For Success.

Tip #1 – Set Standards And Remain Consistent

One of the most important things to do when managing rental properties in Beaverton, or elsewhere across the PDX area, is to set standards and remain consistent with your tenants.

This means that you should have rules available for every tenant before placing them in their rentals and those standards must be followed/enforced because lack of consistency will show tenants that they can get away with anything.

Tip #2 – Hire A Bookkeeper

Another important Beaverton Property Management tip is to hire a qualified bookkeeper because this essential move will free up your time to focus on other areas of your business so that you don’t get ‘bogged down’ with the financial aspects of managing your rental property.

Tip #3 – Schedule And Perform Routine Inspections

Last of all, but most important, another vital Beaverton Property Management tip is to schedule and perform routine inspections at your investment property.

Some of the things that you should have regularly inspected at your rental property include:

  • Smoke alarms
  • HVAC systems
  • Windows
  • Decks
  • Water lines

Hire A Beaverton Property Management Team

The tips above are just a few of the things needed to successfully manage a rental property in Beaverton.

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

To learn more about our property management team or the services that we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.

RBH
What’s The Average Rental For A Beaverton Rental Property?

Are you searching for more information on what is the average rent for a Beaverton Rental Property? If so, you’ve come to the right place.

As of November 30, 2021, the average rent for a rental property in Beaverton is $1,590 for an 868 square foot apartment, the most common size apartment for rental properties in the area.

Right now, studio apartments in Beaverton are the most affordable, but Beaverton does have a good supply of one 1-, 2- and 3-bedroom apartments available, including single-family homes for rent as well.

What are the most affordable neighborhoods in Beaverton?

The most affordable neighborhoods in Beaverton are Downtown Beaverton, where the average rent goes for $1,294/month, Denny, where renters pay $1,330/mo on average, and Royal Woodland, where the average rent goes for $1,361/mo. If you’re looking for other great deals, check out the listings from Greenway ($1,374), Highland Hills ($1,374), and Sorrento Ridge ($1,374), where the asking prices are below the average Beaverton rent of $1,590/mo.

What are the most expensive neighborhoods in Beaverton?

The most expensive neighborhoods in Beaverton are Five Oaks ($1,469), Tanasbourne East ($1,469) and Triple Creek ($1,469).

AVAILABLE HOMES

What are the most popular neighborhoods in Beaverton?

The most popular neighborhood in Beaverton is Downtown Beaverton, where there are 10 verified RENTCafé listings with an average rent of $1,294. Next up is Murray Hill – Neighbors Southwest, where apartments go for $1,396/month, followed by Tanasbourne East with $1,469 If you’re looking to rent in Beaverton’s most popular neighborhoods, make sure to also check out Royal Woodland, where renters pay $1,361 on average, and Twin Cedars, where the average monthly rent is $1,396.

More On Rent Café

Bella and Sarah

Get Property Management In Beaverton Oregon

Do you need property management for your Beaverton Rental Property? Rent Portland Homes – Professionals can help!

Our company is a long-time property manager in the PDX area and we know this rental market better than anyone.

You can count on us to provide you with a full suite of property management services including rent collection, maintenance, customer service, accounting, and more!

Stop managing your rental properties yourself, to learn more about the services that we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.