Property Management – The Key To Scaling From Single Family, To Multifamily

Do you own single-family rental properties in the Beaverton area and do you want to scale to multifamily properties?

Most landlords want to scale to multifamily because they know that owning multifamily properties is the key to earning more passive income.

Even though you may be managing your single-family rentals yourself, the key to success with scaling to multifamily properties is hiring a property manager.

Why Hire A Property Management Company?

Saves Time – Hiring a property manager will save you the time and money of managing your multifamily property yourself, so you can focus on scaling your portfolio of investment properties.

Quality Management – Once you hire a manager, you can have peace of mind in knowing that your tenants will receive a superior level of property management.

Excellent ROI – After you hire a superior property management company in Beaverton, you can have peace of mind that your multifamily property will produce superior ROI that you can depend on.

No Headaches – Let’s face it, the rental market has changed since the pandemic. Thankfully, once you hire a property manager, you can have peace of mind in knowing that they will stay on top of changes to the laws so you don’t have to.

Maintenance Experts – You may be a pro at maintenance but you can’t do everything yourself, all the time. The good news is that with a property manager servicing your rental property, you can have peace of mind in knowing that maintenance will always be professionally handled so that you don’t have to do anything yourself.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we’re experts at managing multifamily properties in the PDX area.

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

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!