How to Compare Property Management Fees: Part 1 – Why Do Property Manager’s Fees Vary So Much?
How to Compare Property Management Fees: Part 1 – Why Do Property Manager’s 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 […]
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 […]
