Fri, May 18, 2012

Renting

Mirror Mirror on the Wall … As a Residential Real Estate Investor, Am I Going to Make Money This Year?

UPDATED 14-MAR-2012

The answer to that question centers on how many tenants are in the marketplace and do they have a job to pay the rent?

Jobs Outlook
It looks like the unemployment rate in Oregon is dropping…[...]

Cliff Hockley Quoted in The Oregonian

UPDATED 26-AUG-2011

Cliff Hockley, President, Bluestone & Hockley Real Estate Services was recently quoted in the article titled Apartments hard to come by in Portland, and a little relief on the way by Elliot Njus….[...]

Scammers Targeting Portland Area Renters

UPDATED 5-AUGUST-2011

Portland’s rental market is flourishing, with vacancies among the lowest in the country. Property management companies warn, the rental boom means big business for scammers. In some cases, scammers are using Craigslist rental postings to lure in their victims.

Bonnie Williams of Oregon City says one such scam almost cost her $500. On Monday, she saw a Craigslist post for a house in Oregon City. “It had three bedrooms and a nice yard kids could pay in,” said Williams. The description of the house sounded like just what she was looking for and the price seemed unreal, $700. “I saw $700 and emailed them,” she recalled…[...]

Pets as Tenants, What is happening in Oregon?

UPDATED: 05-May-2010

In 2009 Oregon legislative session tenant advocates were able to limit the number and extent of fees that are charged by landlords. These fee modifications took effect on the 1st of January 2010…[...]

Are you wearing your crash helmet? Forecasting the real estate market

UPDATED: 03-Dec-2009

The recession is far from over. The biggest indicator of our economic health is how many people are unemployed…[...]

It is all in numbers

UPDATED: 05-OCT-2009

“The biggest mistake many investors make is to ignore the numbers generated by their properties.”…[...]

As a Landlord you cannot afford to ignore the internet

UPDATED: 03-AUG-2009

The world has changed.

There was a time when a landlord rented a vacancy by placing an advertisement in the local newspaper and waited for the phone to ring, or tenants to visit. The classified sections of the local newspapers were packed with ads. You had to be very creative to leap out of the pack of ads.[...]

Commercial Tenant Screening: A Must, Not a Maybe.

UPDATED: 01-MAY-2008

“I am sick and tired of having tenants fail” yelled Mulroney at his property manager. “You need to do a better job screening those tenants” he exploded as he slammed the phone down.”[...]

Apartment Owners Caught Sleeping?

UPDATED: 01-MAR-2008

In February of 2008, the Oregon Legislature overwhelmingly passed SB1080, a bill that prevents illegal immigrants from obtaining an Oregon driver’s license. The Governor signed the bill into law on the 19th of February. This bill was passed to prevent driver’s license fraud, as well as to comply with the first steps necessary for homeland security regulations.[...]

Why You Should Not Rent To Peple You Know — Or Their Kids

UPDATED: 01-APR-2007

Tony and His Hole in the Floor
It was move out time. Tony, who was the son of my father-in-law’s best friend, had rented one a one bedroom unit with a garage in our 3-plex. We had rented it to him because his father had begged, and because his father was a good friend.
[...]

Domestic Violence, Current Housing Laws & Regulations that Apply

UPDATED: 01-FEB-2007

This article summarizes Oregon and Federal laws that apply to victims of domestic violence, dating violence and stalking.[...]

Tenant Retention

UPDATED: 01-JAN-2007

I received a card today congratulating me on my purchase of a vehicle. This was a follow up from a company that bent over backward to help me. I went through the hands of three people and all of them treated me with respect, dignity and gave me the feeling that I was their only customer. I felt like a king.[...]

How do tenants choose apartments?

UPDATED: 01-FEB-2006

Jolene rummaged in her pocketbook. She was looking for a pen. She had the Sunday newspaper on her dining room table as she was looking for a new apartment. Max had agreed to move in with her. Actually, Max had suggested it; he was hopelessly in love with Jolene. She had agreed with the caveat that they would both move into a bigger place. Max currently rented a studio and Jolene lived in a one-bedroom. His baby grand piano was not going to fit into her small apartment, so they had agreed on a budget, and here they were looking in the paper and online. [...]

Do You Have Enough Power Available for Your Tenants?

UPDATED: 01-DEC-2009

Ellen had just graduated from high school and was moving out of her home. So she packed up her computer, her hair dryer, her stereo, TV, DVD, her microwave and her fan to move into her new apartment. [...]

Meth Lab Blues

UPDATED: 01-JAN-2004

Mrs. Darcy Smith owned a small rental house in the suburbs of her Oregon town. She had inherited the house from her parents and had successfully been renting it for 20 years. Usually the previous tenant would find a new tenant, so it was almost never vacant. Rent came in like clockwork, and the tenants never called her for repairs. As a matter of fact, it had been three years since she had stopped by the property for a visual inspection. Her current tenant was the daughter of a friend of who was working at the local motel as a housekeeper. [...]

The Magic of Setting Rental Rates

UPDATED: 01-MAY-2001

Have you ever wondered if the rents you are charging for your rental units are in line with the marketplace? Does it take a long time to rent up your property or does it rent in a day? If you have more phone calls than you can handle, you may have priced the property too low. If you have no phone calls, maybe you are priced too high. [...]

Security is a priority for Successful Apartments

UPDATED: 01-DEC-2000

It was raining as Melissa drove up the road to her apartment. It had been a long day at work and she was ready to be home. She pulled in her parking space at Murray Place Apartments and walked into her apartment. As she pulled on the door the handle felt loose, as if the door was not fully engaged. As the door swung open Melissa looked in. Everything looked okay[...]

Appreciate Your Tenants

UPDATED: 01-FEB-2001

Do you appreciate your tenants? I mean really appreciate them. Most tenants don’t expect much. A clean and safe place to live, without too much interference from the neighbors. Most landlords can do this, but can you do more? Do you have to do more?[...]

Pet Policies – Can They Work?

UPDATED: 01-MAR-2001

Dear David,

We are reminding you that your dog, Basenji, may visit you at the Autumn West Apartments. With this letter we would like to define your visitation rights. [...]

Screening Tenants: critical to rental success

UPDATED: 01-JAN-2002

Zeke had been waiting a long time for this day. His Aunt Millie finally had decided that he could help her manage her investment properties. She owned three apartment properties and about ten houses, a small rental empire she had built with her husband. The income from the properties had sent Zeke through college. [...]

In the short term, renovation is the name of the game for apartment developers

UPDATED: 01-MAR-2002

Liberal pundits and city managers have been concerned over the cost of growth. They rightfully claim that urban growth places heavy demands on urban infrastructure and they have trouble financing that growth through the existing tax base. This is especially true in the current [...]

A clearly written lease proposal can make you wealthy

UPDATED: 01-MAY-2002

Allen owned a local restaurant chain and was looking for a new location for another restaurant. He always worked with Sheryl Smith because she was so organized and his lease negotiations were so easy. Everyone wants easy negotiations, [...]


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