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.

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Rental Property Maintenance Tips For Making The Carpet In Your Rental Last

Searching for rental property maintenance tips? If so, you’ve come to the right place!

Flooring can be one of the most expensive investments that a landlord can make in their rental property and if the landlord doesn’t screen and place the most qualified tenant, they could find themselves replacing the carpet in their property every 12 months.

If you don’t want to replace the carpeting in your rental property every 12 months, make sure you follow these simple tips.

Tip #1 – When Laying Flooring, Add A Hard Surface Area At All Entry Points

During the process of laying flowing at your property, you should always add a hard surface area at all of the entry points at your property.

Doing this will encourage your tenants, and their guests, to wipe their feet before entering the property and this one simple tip will greatly reduce the spread of dirt on the carpets inside your property.

Tip #2 – Get The Carpets Professionally Cleaned Once A Year

It doesn’t matter if you just invested in new rental property carpeting 12 months ago, you should have those carpets cleaned at least once a year.

An annual carpet cleaning will stop dirt and filth from becoming fully embedded into the carpet pad and will help to preserve the lifespan of the carpeting as a whole.

Tip #3 – Give Your New Tenant A Good Vacuum Cleaner

One of the best things you can do for new tenants is to give them a new vacuum cleaner when they first move in.

This simple gesture will encourage them to vacuum more often and ensure that they will have the tool that they need to keep the carpet inside your Oregon rental property clean.

Contact Rent Portland Homes – Professionals

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

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.

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How To Price Your Rental Property In A Competitive Market

Are you planning on listing your Beaverton home as a rental property for the first time but you don’t know what to rent it for?

One of the keys to success with owning a rental property is setting the correct rent because you can miss out on profits if you set it too low and you may have a difficult time keeping tenants if you set the rent too high.

In this article, we will offer you several tips on how to price your rental property correctly.

Comparable Research

The first thing to do when determining the correct rent for your Beaverton rental property is comparable research.

This means investigating similar rental properties in Beaverton Oregon to determine what stand-out features those properties have and desirable amenities that your property may not have.

Some of the most desirable amenities tenants are searching for include a washer/dryer, upgraded appliances, good parking, a finished basement, and an excellent location.

If your home doesn’t compare to similar properties in the area, consider investing in curb appeal upgrades, adding smart appliances, and allowing pets.

image credit beavertonoregon.gov

Learn More About The Rental Market

Another thing to do that will help you determine the correct rent for your property is to learn more about the local rental market.

Keep in mind that if demand is high, and supply is low, prices will typically increase but if demand is low and supply is high, landlords will start lowering their rents while in some cases offering concessions to tenants.

Do The Numbers

Once you learn more about the local rental market, the next thing to do is the numbers; this means coming up with the exact number that you should ask for your property every month.

How do you do this? Ideally, the amount of rent that you charge should be up to 1.1% of your home’s value.

Example: Let’s say that your home is valued at $400,000, this would mean that you should charge between $3,500 and $4,000 per month for rent.

Remember to set the correct rent based on what similar properties in the Beaverton area are renting for because if you set it too high, your property may be unaffordable for most renters.

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 that we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.