Property Management Blog

Tuesday, March 17, 2020

Pro Forma
Speaker 1:So this is a pro forma from 68th that we did. I don't know exactly what version it is, but just quickly go over. We cut this down to a five-year projection, which is why this is highlighted. Ultimately the way the deal ended up working out, we had to do two pro formas, one for the first year before we refinance, and then one...

Monday, March 9, 2020

Portland Tenant Screening and Security Deposit Laws
Chris: Okay. We were talking about the new City of Portland rules. These were just passed on March 1st and there are two pieces to it; one is tenant screening and the other is security deposits. The security deposits are going to affect us the most. Chris: So the new security deposit requirements require that you charge no more than 1x th...

Sunday, February 9, 2020

Optimizing your rental price for maximum income
Optimizing your rental price for maximum income
Optimizing your rental price for maximum incomeAre you asking the absolute best price for rent? Or, are you asking for a price that is too high and causing unwarranted vacancy? Most everyone’s goal with their income-producing rental property is to earn the most income possible. This is a fantastic goal. However, there is a...

Wednesday, February 5, 2020

Will My Investment Property Cashflow?
Will My Investment Property Cashflow?
Will My Investment Property Cashflow?When you invest in real estate, you make your money when you buy. The buy and hold strategy of real estate investing is a basic concept. Buy a property, rent it out for more than your monthly expenses, and collect cash. The biggest factors to this strategy are: buying properties for a good price in a g...

Tuesday, January 7, 2020

Uptown Properties' Recent Syndication Acquisition
Uptown Properties' Recent Syndication Acquisition
Uptown Properties recently completed its first syndication acquisition.  There is still a long way to go on the value addition but I was reflecting while on vacation on the purchase and wanted to share some of the items that I believe that we've learned along the way. Financing is hard.  I should probably say that again. &nb...

Friday, January 3, 2020

I Just Signed a Management Agreement, What's Next?
I Just Signed a Management Agreement, What's Next?
First off, we would like to welcome you to Uptown Properties! Congratulations on taking that first step to a smooth rental. After signing that contract, there are just a few more things to get you up to speed. One is to fill out an Owner Intake Form. This form will provide us all the information we need in order to onboard and market your...

Monday, December 9, 2019

What Makes My Property Rent Ready?
What Makes My Property Rent Ready?
What makes my property rent ready? I have conducted hundreds of move out inspections for clients before putting their homes up for sale or for rent. I find it is incredibly important to have a 3rd party provide their honest opinion of the condition of the home, especially if it was your primary residence. The move out inspection is d...

Friday, December 6, 2019

Why Should Someone Attend WIN and What is it?
Why Should Someone Attend WIN and What is it?
Do you want the tools to make your real estate investment career a piece of cake? The Westside Investor Network is a group of property owners and property managers who have been there, done it – and gotten a T-shirt. Their aim is to equip those who are ambitious enough to invest in themselves, so they can turn around and invest for ...

Tuesday, December 3, 2019

How Long Should My Property Be Vacant?
How Long Should My Property Be Vacant?
So, how long should your rental stay vacant? It really is an important question with more than a couple variables. For starters, contrary to popular belief, vacancy is the most crucial determinant in establishing profitability for your rental asset. This is why the formal practice of setting parameters for ‘acceptable’ periods...

Tuesday, November 19, 2019

Selling a Tenant Occupied Property
Selling a Tenant Occupied Property
Selling a Tenant Occupied PropertyMy investment property is rented out but I want to sell it. Selling an occupied investment property is similar to any other real estate sale with a few additional steps to be aware of. Timeline:Marketing the property: Potential buyers want to see as much of the property as possible, and the best way ...

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