Anyone can own property in Oregon, but not everyone can manage it! Managing a property isn’t an easy walk in the park.
To have a successful rental business, you need a property manager that has the experience, skills, and industry knowledge.
The rental property business is competitive mainly because renters have such a wide range of options to choose from. For your property to stand out, you need to choose someone who understands the ins-and-outs of the business.
If you’re reading this, you probably already know what a property manager does. The next step is the find the right one to manage your rental property.
There are so many property managers out there, how do you improve your odds of landing the right one? Well, you do that by asking the right set of questions.
In today’s blog, we are going to take you through some of the best questions to ask a property manager when considering hiring them. (more…)
When it comes to single-family homes, Oregon is a prime destination for real estate investors. And rightfully so, the state is home to several vibrant cities.
Oregon is also home to breathtaking mountains, refreshing rivers, and some of the world’s most beautiful parks. All these features drive thousands of potential renters and single-family home buyers to the Beaver State every year.
Currently, Oregon’s growth rate ranks in the top 10 in the nation. With the annual rate of growth approaching 1.3%, the population is expected to reach 4.6 million in 2025. It’s worth noting that the national population growth is 0.7%.
Oregon also enjoys a strong and stable economy. The coastal state is home to technology giants in the Silicon Forest. Other key industries in Oregon include green technology, outdoor gear & apparel, food & beverages, forestry & wood products, business services, and manufacturing.
These factors along with numerous leisure opportunities, great educational facilities, and quality healthcare all contribute to making Oregon a smart call for people looking to invest in the state’s real estate sector.
The more detailed your Oregon lease agreement is, the better it is for all parties of the lease. With a properly detailed Oregon lease or rental agreement, you can avoid an abundance of conflicts and misunderstandings throughout a tenancy.
One of the most common mistakes landlords make is failing to set clear tenancy rules. Having a detailed lease agreement will help set a clear expectation for your tenants which will minimize misunderstandings and issues.
As a landlord, the following are the key items you should include in your lease or rental agreement. Having these in your rental contract will help ensure the tenancy runs as smooth as possible. (more…)