Property Management Blog

Tuesday, June 9, 2020

PM Bootcamp Ep. 2:
Chris:Hello, this is our Property Management Bootcamp second episode and today we are talking about the turnover process. We've got Ronnie again and Taylor this time, our turnover team, to discuss what they do when we have to turn over a unit. Now, most of the time, the turnover process begins either when we receive notice from a tena...

Monday, June 1, 2020

PM Bootcamp Ep. 1: The Work Order Process
Dale:All right. Here is episode one of our Property Management Bootcamp. We are going to talk about the work order process today, and the idea is that once a tenant who is already existing, they're already on a lease, they're already living in one of our units and we've made it past the move-in period where we're trying to...

Tuesday, April 21, 2020

Working with Potential Tenants to Rent Your Property
Working with Potential Tenants to Rent Your Property
In every business industry, there is always a supply and demand that ultimately drives the industry. In Real Estate related terms, there are always people looking to buy a home, as well as people trying to sell their home. This also applies to the rental market, in which there are always renters and always landlords looking for their next...

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...

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