What happened with Portland’s single-family, condo, ADU & small plex rentals in August 2024?
August 2024 kept our Living Room property management team on their toes with 20 tenant move-ins across the portfolio. Days on market ticked up for most rentals, except for ADUs. We learned, after a rough first half of the year, ADU pricing reductions and concessions are key to moving them more quickly. They’re leasing faster […]
How to Compare Property Management Fees: Why Do Property Manager’s Fees Vary So Much?
How to Compare Property Management Fees: Part 1 – Why Do Property Managers’ Fees Vary So Much? When it comes to property management, understanding fees can feel like navigating a maze. At Living Room, we’re here to help you cut through the confusion and determine what truly adds value to your investment. While some fees […]
Landlord Life Hacks: Simplifying Rental Property Management
Managing rental properties can be challenging, but with a few smart hacks, you can streamline your processes, protect your investments, and build better relationships with your tenants. Here’s a roundup of essential landlord hacks to help you stay on top of your game. 1. Smart Key Management Losing keys is a nightmare for both landlords […]
What to Look for in a Good Landlord Insurance Policy
Unsure if you’re getting the coverage you need for your rental property? Our guide outlines several key factors to consider. Reading through a landlord insurance policy to figure out whether you have appropriate coverage is tricky, especially if you’re a new rental property owner. Which areas of your property have coverage? Are you protected if […]
☀️ 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 […]
