Portland Rental Market Update Early October 2024
The rental market is at a crossroads, and the divide between institutional investors and mom-and-pop landlords has never been clearer. In this market update, Living Room Property Management’s principal broker Coty Thurman breaks down what the Fed’s latest moves mean for property owners, why investors are suddenly less worried about vacancies, and the stark reality […]
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, […]