property management benefits
How Do Oregon Real Estate Investors Benefit From Property Management?

One of the most common questions that Oregon Real Estate Investors have is how will they benefit from property management, when they can easily manage their rental properties themselves?

This is understandable, especially since the consensus among many investors is that DIY management is a ‘good thing’ for newbie real estate investors when in reality, property management is always better.

Why Do Oregon Real Estate Investors Need Property Management?

Let’s face it, time is money, and when an Oregon Real Estate investor hires a property manager, they will save the time, money, and hassle of managing their rental properties themselves.

Yes, an investor can manage their rental property but, the reality is that it’s always better to hire a property manager because an investor must be prepared to do everything including:

  • Property Marketing
  • Tenant Selection and Placement
  • Accounting
  • Customer Service
  • Rent Collection
  • Maintenance

Besides all of these individual aspects of property management, Oregon Real Estate Investors must be prepared to give up their time to manage their property and most investors don’t want to do that.

Thankfully, a property frees up an investor’s time so they can focus on growing their portfolio of investment properties in Oregon while also enjoying passive income from their property.

Benefits Of Hiring An Oregon Property Manager

Hiring a property manager in Beaverton Oregon will save an investor time and money but what are the other benefits that bring ROI?

  • Better ROI from rental property – A property manager will professionally manage an investor’s rental property so that they get the most ROI possible.
  • Increased property value – Investors who have to hire professional property managers often experience increased property value because the property has been professionally managed.
  • Improved tenant retention – Last of all, a property management company will also ensure that tenants stay longer than 12 months and tenant retention is a good thing because it means more long-term ROI from the property.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we specialize in local property management for single-family and multifamily properties in the PDX area.

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

fire pit
Should You Add A Fire Pit At Your Rental Property?

Are you thinking about adding a fire pit to your Beaverton Rental Property? If so, you’ve come to the right place!

Adding a fire pit is a smart investment to make, especially during the summer months, when people tend to spend more time outside.

In this article, we will cover everything you need to know about fire pits so that you can choose the best one for your rental property.

Gas Fire Pits

Gas fire pits are ideal because of the simple fact that once the gas is turned on, the fire pit will produce an instant flame.

Installing a gas fire pit may be more costly than a traditional wood fire pit, and they may require more maintenance during the year, but these fire pits also offer the following benefits:

  • Adds A Sense Of Style to Your Outdoor Living Area
  • Extends The Outdoor Season For Your Tenants
  • They Turn On and Off Easily
  • Gas fire pits hold Up Well to the Elements

Traditional Fire Pits

Before installing a tradition fire pit on your property, make sure that you are choosing a location that’s no less than 15 feet away from your rental property, and ten feet away from power lines. This is important because you want to have peace of mind that no sparks or embers will catch your property or nearby structures on fire.

It’s also best to study the prevailing wind direction online so that you can best determine how the wind will blow once the fire is lit.

The fire pit must by at least 44 inches wide and 14 inches high. These dimensions ensure that people will be able to sit comfortably at the end of the fire pit.

Regardless of the style of fire pit that you choose, it’s also best to add a fire extinguisher next to the fire pit, so that tenants can easily put out fires should they begin to get out of control.

Tenants should also be instructed about fire pit safety when they move in, including basic tips like the following:

  • Don’t use flammable fluids (gasoline, lighter fluid, etc.) to light or relight fires.
  • Don’t wear flammable clothing (like nylon) or any loose-fitting clothing.
  • Keep children and pets at least three feet away from the fire.
  • Avoid using soft woods like pine or cedar, because they can pop and throw sparks.
  • Keep a fire extinguisher, garden hose or bucket of water nearby.

More

Contact Rent Portland Homes – Professionals

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

property manager
What Is Your Beaverton Home Worth In The Rental Market?

Are you thinking about renting your Beaverton Home but you’re not sure what it’s worth in the current rental market? If so, you’ve come to the right place.

There’s no denying that the rental market is even more competitive than ever before but, the good news is that you can determine what your property should rent for when you follow these tips.

beaverton rental home

Tip #1 – Review Your Property Age And Condition

Your home may be a much-loved family home but, if it’s not been painted or renovated in some time, the age and condition of the property will affect what you can rent that property for.

Take the time to think like a renter and critically analyze your property from the front door to the back door because, this will help you to determine if your Beaverton home is ready to be rented or not.

Does the property need?

  • New flooring
  • Paint
  • Furnishings
  • Light fixtures

If the property has been well-maintained over the years, you may be able to invest in minimal repairs/upgrades before listing it for rent but, if your Oregon property needs major repairs, like a new roof, you should commit to making those repairs now before renting it out.

Tip #2 – Do A Comparable Analysis

After getting your property ready for rent, you should do a comparable analysis to determine what other similar properties in the Beaverton area are renting for.

During your comparable analysis, you will also be able to determine if adding additional amenities like onsite storage, dog run, patio or an RV pad will help to improve the value of your property and help you to rent it for more money.

rental property

Tip #3 – Hire A Property Management Company

Even though you could manage your rental property yourself, hiring a property management company is the best way to earn the most ROI from your property possible.

A property management company will save you the time/money and hassle of managing that property yourself, so you can focus on enjoying your life while earning passive income from that rental.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we offer local property management services for both single-family and multifamily properties in the Beaverton area.

To learn more about the services that we can offer you, contact us today by clicking here or call us at (503) 447-7735.

Rental Property Upgrades That Are Not Worth The Money

Are you planning on making upgrades to your Beaverton rental property?

Upgrading your rental property will help increase the value of your property, and keep your tenant happy, but some upgrades are not worth the money.

In this article, we will break down upgrades that you should not make to your Beaverton rental property.

THINKING OF RENTING YOUR HOME

Upgrades That Are Not Worth The Money

Granite Counter Tops – Yes, even though granite countertops are a favorite feature that many home design show gurus add to their rental properties, the reality is that these countertops are not worth the best investment for a rental property.

Granite countertops are not worth the investment because they are more costly than other solid surface countertop types and they can also be difficult to keep clean.

Elaborate Landscaping – When it comes to your Oregon rental property landscaping, all you need is a clean look in the front yard and a suitable backyard that also offers room for play.

What you don’t want to do is get elaborate with landscaping and add plants that require more time and maintenance because most tenants don’t want to spend time maintaining landscaping.

Wood Flooring – Every landlord wants to add the best features to their homes but wood flooring isn’t always the best option because it can be hard to clean/maintain and many tenants won’t have the time to invest in keeping the flooring clean.

For best results, use carpeting in the bedroom and dining areas, then use laminate or another type of high-use flooring that can easily be cleaned when needed.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we specialize in property management for single-family and multifamily properties in the PDX area.

Our team can help with you our full suite of property management services which include rent collection, maintenance, customer service, accounting, and more

For a property management quote, contact us today by calling (503) 447-7735 or click here to connect with us online.

How To Future Proof Your Beaverton Rental Property

Are you planning on turning your single-family home into a Beaverton Rental property? If so, like most owners you’re probably concerned about wear and tear at your rental property.

Wear and tear are a fact of life when you own a rental propert, but the good news is that you can easily prepare that property for wear when you ‘future proof’ it by following these simple tips.

Tip #1 – Choose Durable Materials Vs. Trendy Materials

Even though you may be tempted to install granite countertops and a stylish backsplash in your kitchen, the reality is that those features will cost more than durable materials and they may not last as long.

Focus on choosing durable materials each time you plan on investing in upgrades for your property and you will find that those materials cost less and last longer than trendy materials.

Tip #2 – Choose Neutral Floor And Wall Colors

Another way to ‘future proof’ your Beaverton rental property is to choose neutral floor and wall colors.

This tip is effective because it will save you the hassle of having to search for specific custom colors each time you have to repaint and most of all, your rental property will have a timeless appeal.

Also, when it comes to installing flooring, you should install hard surfaces next to entryways on the property. Doing this will help your tenants to keep the carpet clean and ensure that it will last longer.

Tip #3 – Choose Quality Light Fixtures And Bulbs

Last of all, but most important, another effective way to ‘future proof’ your property is to choose good quality light fixtures and bulbs.

Light fixtures can easily last 10-20 years so it’s best to invest in good quality fixtures that will last.

When choosing light fixtures for the bedrooms in your property, consider adding ceiling fans. Doing this will make it easy for your tenants to cool the rooms in the rental property without having to run the air conditioner.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we specialize in property management for single-family and multifamily properties in Beaverton and across Portland.

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