Things That Kill Your Profits As A Real Estate Investor

Rental properties continue to be an excellent hedge against inflation but, several things can effectively kill your profits as a Beaverton Oregon Real Estate Investor.

In this article, we will break down some of the things that you should not be doing in your rental property business.

Tip #1 – Not Turning Over Your Vacant Units Quickly

One of the first mistakes that many owners make is taking their time to turn over their vacant units.

Moving quickly when you have a vacant unit is essential because, the longer it’s not occupied, the more you will have to face-covering your mortgage, insurance, and other costs out of pocket.

From the moment that your tenant alerts you that they are going to be moving, you should move forward with getting the property ready for your next tenant. Getting the property ready, marketing, and advertising all takes time and it’s better to start early instead of waiting too long to get that done.

Tip #2 – Not Screening Tenants Effectively

Let’s face it, tenant screening is one of the keys to success with owning rental properties that produce consistent profits because, if you screen tenants improperly, you may rent to tenants who make your life difficult.

To avoid renting to the wrong tenants, it’s important to invest the time in thoroughly screening tenants correctly each time, including asking the right questions because, investing the time in tenant screening will produce long-term, consistent rental income for you.

Tip #3 – Handling Maintenance Issues Poorly

Rental property maintenance is something that every owner should outsource immediately because, it’s easy to think that you can handle the maintenance yourself but the reality is that when maintenance is mishandled, it can be very costly.

From your first month of owning a rental property, you should focus on building a vendor matrix. Doing this will help you to effectively know who to call when you have maintenance needs at your property.

Contact Rent Portland Homes – Professionals

Ultimately, hiring a property manager is the smartest decision you can make as a landlord because it saves you the time and hassle of managing your property yourself.

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

RENT BEAVERTON HOMES
Tips For Effective Rent Collection      

Rent collection is the nuts and bolts of every rental property business because if your tenants don’t pay their rents on time, you won’t have the income that you need to cover your mortgage payment and other expenses.

Thankfully, even though you may have had a problem with rent collection in the past, you can get back on track with your tenants by following these tips.

Tip #1 – Create A Rent Collection Policy

One of the most important things to do when renting property to tenants is to have a rent collection policy. This means that you must state in writing how, when, and where you expect to be paid rent.

Breaking it down, your rent collection policy must include the following:

  • When rent is due
  • How much must be paid
  • Grace periods
  • Late fees
  • How tenants can pay

Creating a ‘rock solid’ rent collection policy will eliminate any guesswork about Oregon rent collection and ensure that your tenants are on the same page as you regarding their responsibilities.

Tip #2 – Don’t Ignore Tenants Who Pay Late

Once you encounter a tenant who pays late, don’t ignore their late payment.

Dealing with tenants who pay late is a vital part of owning rental properties because, once you ignore those tenants who pay late, there’s a strong possibility that they will pay late again in the future. After all, you let their last late payment slide.

Tip #3 – Offer Multiple Ways For Tenants To Pay Their Rent

Since we live in the internet age, it’s more important than ever before for landlords to offer their tenants more than one way to pay their rent.

This means that you should allow payment by debit, credit, ACH, check, etc. because, it’s an effective way to eliminate the age-old excuse from tenants that ‘the check is in the mail’.

Tip #4 – Hire A Property Manager

Last of all, but most important, hiring a property manager is the best way to ensure that rent is paid on time each month because a property management company will ensure that rent is paid on time each month and you won’t have to do any work yourself.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we save tired owners the time, money, and hassle of managing rental properties themselves.

Besides rent collection, our team also specializes in accounting, maintenance, collections, property marketing, and more.

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

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.

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.

Can You Avoid Eviction While Still Getting A Tenant To Move Out? Yes

Do you have a tenant living in your Beaverton rental property that you want to evict but you’re wondering if there are other alternatives to eviction that will get them out? If so, you’ve come to the right place.

Let’s face it, no landlord (or tenant) likes eviction because an average eviction can between 1-2 months and be very costly.

Thankfully, landlords don’t always have to choose eviction as their only alternative for getting a problem tenant out, especially if they follow these tips.

THINKING OF RENTING YOUR HOME

Offer Cash For Keys

Cash for keys is one of the oldest eviction alternatives out there today because there’s nothing simpler than offering your tenant a certain amount of cash if, they are willing to move out by a set date.

The key to success with a cash-for keys agreement is to make sure that you’re in full agreement with your tenant on the money that they are willing to accept and the terms of the agreement then it must be in writing.

Once the agreement is signed, you should do everything possible to make the situation work for your tenant, even renting them a U-Haul for the day, so they can move out with as little hassle to you as possible.

Talk With The Tenant

Many times, simple communication with a tenant is the key to success when it comes to turning a problem tenant into a good paying tenant once again.

If your tenant is behind on their rent, it’s best to reach out to them and find out what you can about their situation then do everything possible to resolve it.

They may be able to catch up on the back rent, if you agree to a payment arrangement, then once paid your tenant could likely return to the same attitude and responsible behavior that they had before.

Avoid These Mistakes When Trying to Get Tenants to Move Out

When you find yourself desperate to remove tenants from your properties, you may consider some more extreme measures. Some landlords make the mistake of attempting to rid themselves of their tenants without respecting lease agreements. Others use self-help eviction methods where they retake possession of a property without using the eviction process. Avoid using any of the following methods to force a tenant to leave your rental property:

Example of Illegal Self-help Evictions

  • Changing the locks while the tenant still lives on the property
  • Removing the tenant’s property
  • Failing to pay included utilities like water, cutting them off
  • Threats of any kind
  • Direct orders to leave

Landlord Consequences of a “Self-help” Eviction

If you do use any of these methods above, you could easily find yourself in hot water. A lawsuit is the last thing anyone in business should want to deal with, and any of these could be offenses that could lead to your tenant rightfully suing you and damaging your business.

Every state has rules that all landlords must follow when removing a tenant from their property. Below we compare four different areas to demonstrate the potential consequences landlords face for taking the law into their own hands.

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Contact Rent Portland Homes – Professionals

At Rent Portland Homes Professionals, we have decades of experience managing local rental properties.

Our team is experienced at all aspects of property management so you can move on from DIY property management and enjoy the passive income from your rental property.

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.

security-deposit
2022 Guide To Understanding Security Deposits And Deductions

Are you planning on renting a rental property in Beaverton Oregon, and have questions about security deposits or deductions?

A security deposit is a set amount of money that a landlord will ask you to pay in advance because that money will be held by the landlord throughout your tenancy, and it will only be used if repairs are needed if you move out, or if you left any unpaid bills.

Before signing your rental agreement, you should read through your entire lease so that you have an understanding of the security deposit amount, including your landlords’ expectations for maintenance at the property during your tenancy.

What Are The Common Reasons For Security Deposit Deductions?

Besides maintenance or unpaid bills at the rental property, some of the other common reasons for security deposit deductions include:

  • Breaking the lease early
  • Non-payment of rent
  • Unpaid utility bills
  • Major cleaning costs

Your landlord must provide you with a complete breakdown of how your security deposit was used just so you can move on to your next Oregon property without having to wonder if the money was used correctly or not.

Best Ways To Get Your Security Deposit Back

Let’s face it, in today’s world, no tenant likes having to pay thousands of dollars for a security deposit, this is understandable because rents are only continuing to increase each year.

Thankfully, there are a variety of things that you can do to get your security deposit back including the following:

Take care of your rental property – Regardless of whether you’re moving into a single-family home or apartment, you should take care of that rental because it will mean less maintenance for your landlord after you move out.

Clean before you move – Although some tenants don’t care about cleaning their rental property before they move, cleaning is important because if you live the property in ‘move-in ready condition’, it will be easier for your landlord to rent the unit and give you your full security deposit back.

Give proper notice before moving – Last of all, don’t hesitate to give your landlord proper notice before you move out.

This tip is very important because your landlord can work with you to inspect the property before you move, giving you time to clean or fix any issues, eliminating the need for them to deduct money from your security deposit.

Contact Rent Portland Homes – Professionals

To search for a rental property in Beaverton Oregon, or to speak with us about our property management services, click here or call (503) 447-7735 or click here to connect with us online.

RENT BEAVERTON HOMES
Tips For Lowering Vacancy Rates And Increasing Renewals

Vacancies are something that no landlord looks forward to because they mean that one of their properties is unoccupied and not producing income.

Thankfully, it’s easier than ever before for Oregon landlords to lower vacancy rates and increase their renewals by following these simple tips.

Tip #1 – Make The Landlord-Tenant Relationship A Priority

Let’s face it, landlords and tenants need each other because the landlord needs to have an occupied rental property while the tenant needs a place to live.

This is why the landlord and tenant should prioritize their relationship with the tenant and make a point of having a presence in their tenant’s life so that they know that the landlord doesn’t view them as more than a source of revenue.

Some of the things that landlords can do to improve their relationship with their tenants include:

  • Provide the tenant with multiple ways to reach the landlord.
  • Respond to tenant complaints or maintenance issues immediately.
  • Keep promises to the tenant.
  • Remembering the tenants’ birthdays and having a least one special event per year to interact with the tenants.

Tip #2 – Stay Open To Feedback

Most tenants hate moving, especially after they’ve found a rental property that seemingly offers them everything they’ve been searching for.

Some tenants will think about moving if they feel that the landlord isn’t receptive to their feedback, especially when it concerns things that can be done to improve the rental property.

Landlords should always encourage feedback and let their tenants know that they are listening, especially if the tenant offers feedback for things that can be done to help the tenant to have a more enjoyable experience while living at the property.

Tip #3 – Offer The Tenant Renewal Incentives

Last of all, but most important, landlords shouldn’t hesitate to offer renewal incentives to their tenants, especially if those incentives may lead some tenants to renew their leases a month or two early.

Some of the renewal incentives that landlords should consider offering include gift cards, cash, parking benefits, discounts on their rent, or possibly a new television.

These are just a few practical ideas that landlords can utilize to increase renewal rates and keep good tenants for years to come.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we specialize in managing single-family and multifamily properties across the Beaverton area.

If you need property management for your rental properties, or you’re searching for a more experienced property manager, who will offer you the level of service that your rental deserves, we encourage you to contact us today.

Call our property management team at (503) 447-7735 or click here to connect with us online.

property management
Is now the right time for you to hire a Beaverton property management company? Yes!

If you’re like most investors, you’re devoting the first couple of weeks of the year to optimizing your business and looking for the best Solutions which will help you to earn a better return on investment.

One of the best things that you can do to earn a better return on investment from your rental properties is hiring a property manager.

A property manager, will save you the time, money and hassle of managing your rental properties yourself so you could focus on growth.

This means that instead of going out to tackle routine maintenance like pulling toilets, landscaping, painting or other minor repairs, your property management team will handle all those issues for you so that you can focus on adding additional passive income streams to your portfolio of investment properties.

Stop The DIY

Now’s the right time for you to stop managing your Beaverton rental properties yourself. Our property management team will provide you with all of the services that you need so that you can finally earn the passive income that you’ve been dreaming about from your Oregon property.

We’ll Rent Your Home in 2 Steps

Step #1: We Get You the Best Price

“How much will my home rent for?” Our Professional Portland Oregon, rental management team of Portfolio Managers will crunch the numbers to find the sweet spot that brings you maximum value without letting your rental property sit on the market too long. We Typically Rent Homes For 20%  More than Self  Managed.

Step #2: We Find You the Right Tenants

You don’t want just anyone renting your home. Our exclusive marketing system goes to work marketing your rental property to find the perfect tenant. We find you the very best qualified candidates!

Get A Property Management Quote Today

Don’t spend another year managing your Portland area rental properties yourself! Learn how it is to work with a property manager by contacting us today at or click here to connect with us online.

 Once you get in touch with us, we are in tea that will amaze you with our customer service and support So that you’ll never want to go back to managing your own rental properties yourself again!

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image credit beavertonoregon.gov
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.

Property Management Beaverton Portland
Property Management Beaverton Portland

Are you searching for property management Beaverton Portland because you own rental properties locally and you need someone who specializes in both the Beaverton and PDX area? If so, you’ve come to the right place!

At Rent Portland Homes – Professionals, we specialize in local property management that will save you the hassle of managing rental properties yourself.

Property management is essential for investors becase it’s what will enable you to earn passive income from your rental properties, without becoming overburdened with the day-to-day aspects of management.

Real Property Management Beaverton Portland

Unlike some companies that only say that they offer property management in Beaverton or Portland, we have decades of experience, and references from happy clients who have relied on us for all of their property management needs for years.

Our Property Management Beaverton Portland company offers a full suite of property management services including:

  • Property Marketing
  • Tenant Screening / Placement
  • Rent Collection
  • Maintenance
  • Customer Service

Imagine never having to answer your phone at night, weekends or during holidays knowing that you may have to deal with a problem tenant. Our Oregon team will do all of the work for your Beaverton rental property, or PDX rental, so you don’t have to!

Get More ROI From Your Rental Property

If you’re frustrated with the ROI that you’ve earned from your rental property in Portland Oregon over the last year, we can help you get that property back on the right track with the quality property management services that we can offer you.

Our team can also help you grow your portfolio as well because we know the local real estate market and can assist you with finding more properties to add to your portfolio of PDX investment properties.

Now is the right time to hire a property management Beaverton Portland company, learn more about the services that we can offer you by calling us at (503) 646-9664 or click here to connect with us online.