Portland Landlord Information

Researched report Portland landlords need to know.

how to sell home with tenant

How to Sell a Home with a Tenant Inside in 2021

April 14, 2021

Selling a tenant occupied home has never been trickier. A landlord must be aware of constantly changing local regulations, whether it be state, county, or city and at the same time keep an eye on federal emergency regulations. All of the above governmental agencies can override any existing lease between the homeowner and tenant. Selling a Home with a National Eviction Mandatorium in Place Right now we are still in a Federal national eviction mandatory that lasts until June 30th, 2021, and could be extended further. In effect, no homeowner in all 50 states can simply let their contract with the tenant expire or remove a tenant for issues like non-payment. If a homeowner evicts a tenant under Federal protections...

portland investment property

Buying Portland Investment Property: 5 Things to Know in 2021

December 14, 2020

From market conditions to zoning rules and rental restrictions, here are five essential facts for potential Portland investors.  1. Real estate investment is not for everyone At its most basic level, the idea of becoming a landlord and receiving, on average, a 9% return on your investment, seems like a no-brainer. However, successful real estate investors take the job pretty seriously. They calculate how much the property is going to cost them (up front and ongoing), versus how much they’re going to earn on the rental, before they even make an offer. They also take personal stock of their skills in management, home-maintenance (there’s going to be a lot of that), and legal processes. Do your research, read a book...

portland rental law landlords

Portland Rental Law: What Landlords should Know in 2021

September 18, 2020

The Portland real estate rental market was pretty eventful for rental owners in Portland in 2020. For long-term rental/investment property owners, the contentious FAIR ordinance went into effect city-wide in March, but was soon overshadowed by COVID and the subsequent ban on evictions. Short-term property owners saw a dip in bookings as well, but the situation resolved itself more quickly. Let’s review what the changes were for rental owners in the Portland real estate market this year, and what you need to do to be a successful rental owner in Portland in 2021 and beyond. Before we get started, we should say that we are not lawyers and that this blog post is not intended to be a complete guide...

sell a vacant home or occupied

What Sells a Home: Vacant, Seller, or Tenant Occupied?

September 1, 2020

2020 Real Estate Market Update. You’re getting ready to sell your home and you wonder, should I move out and vacate the property for the real estate market, or should I stay and not worry about it? Or let’s say you’re getting ready to sell your investment property with tenant inside. Should you wait until they leave to put it on the real estate market, or is it better to sell with a tenant inside? A lot of articles we write might have a 10% – 15% impact on selling a home, such as picking the right time of year to buy or sell. Even a 10% difference in being able to sell a home is huge. But occupancy, who...

portland rental laws

Portland Rental Laws: 2020 Game-Changers

October 18, 2019

Right around $2,000/month: That’s what the median renter pays in the Portland metro area, according to Zillow. For those looking to buy an investment property, that might sound like a pretty nice number. Of course, those who do their research on renting out a home in Portland will soon find that it’s not as simple as it first seems. From property taxes to maintenance, owning a Portland rental can be costly. Then there are the Portland laws governing landlord-tenant relationships, which in 2019 are more complex than ever.  As real estate agents, we do encourage anyone interested in purchasing an investment property — or purchasing a primary home and renting out a bedroom, basement or Accessory Dwelling Unit — to...

What Sells Better: Vacant, Seller, or Tenant Occupied Homes? – 2019 Update

May 10, 2019

Any good real estate agent in Portland will tell you vacant homes sell best (staged or not), followed by seller occupied, and then in last place – tenant occupied homes. But the numbers are so drastic, especially from first to third place, it might surprise you. When you look at these numbers year over year it also gives key insight into the entire Portland real estate market as a whole. Process used: I’m researching this element of the Portland real estate market using data from our local MLS, the RMLS, looking at sold homes from 6 months ago to the writing of this article 5/9/19. My target area is the city of Portland proper and the homes I’m using are...

portland homes sell better vacant

What Sells Better: Vacant, Seller, or Tenant Occupied Homes? 2018 Update

April 23, 2018

As an experienced Portland real estate agent I can tell you that vacant properties (staged or not) sell better than any other status of residential homes in the Portland Metro area. This is followed by seller occupied homes, and dead last is tenant occupied homes. I’m going to give you the full Portland real estate market statistics in this article with some explanation. Numbers are from RMLS, Regional Multiple Listing Service, using all detached residential homes listed for sale in the last six month prior to 4-23-2018. Vacant Portland Homes In the last six months in the Portland real estate market, 2839 vacant homes were listed for sale. Of those, 2221 sold. This means 78% of these properties sold, and...