☀️ Portland’s Summer Rental Market Update ☀️
What Is Leasing & How Are We Helping Landlords Thrive In The Season Of Sun? The Summer rental market is as hot as the 90-degree temperatures! Prospective tenants we’ve talked to in the first few weeks of July 2024 are exhausted by the single-family home competition. Classic 3-4 bedroom homes with 2 or more bathrooms, […]
Balancing Turnover and Market Rates: Maximizing Rental Property Success
At Living Room Property Management, the average renter stays in their rental home for 2.13 years. This means that, approximately every 25-26 months, the home experiences some level of vacancy as we prepare it for the next tenant. As a market-rate housing provider with average rents exceeding the City’s, this duration is influenced by several […]
Keys to Successfully Renting Your ADU to Long-Term Tenants
Accessory Dwelling Units (ADUs) offer numerous benefits for property owners. One of the most significant advantages is the potential for income generation. The additional rental income from an ADU can significantly offset the costs of owning a home, helping to cover mortgage payments, property taxes, and maintenance expenses. Beyond financial benefits, renting out your ADU […]
Managing Single-Family Homes in Portland: A Labor of Love
Managing single-family homes in Portland is more than just a job for me; it’s a deeply personal commitment to a city I love and believe in. Portland has faced its share of challenges, but I am incredibly proud of how resilient and dedicated our community is to making positive changes. As I write this, midway […]
Maximizing Your Property’s Potential: Should You Sell or Rent Out Your Home?
Deciding whether to sell your house or rent it out is a significant decision, especially when planning to purchase another home. In this blog post, we’ll explore the benefits and challenges of each option, helping you make an informed choice. Here is the video if you prefer to watch as well! Pros of Renting Out Your Home […]
10 Requirements for Screening Tenants in the City of Portland
When screening rental applications in Portland, Oregon, landlords must adhere to specific guidelines set by HUD and the Portland Housing Bureau to ensure fair and legal practices. Here are key points for landlords to consider in order to save themselves from fines and messy lawsuits: 1. Application and Screening Criteria 2. Public Advertising 3. Notice of Right […]
