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Updated almost 3 years ago on . Most recent reply
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In's and out of Single Family Home Rentals in Oregon
Hello all! I'm considering taking on some investment Single Family Home properties in Oregon - anyone here have experience in running rentals in Oregon? Is the regulatory enviroment challenging? Appreciate the feedback!
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Based on my experience, Multnomah County blazes the trail for legislation concerning landlord-tenant law. So, I would dive into their legislation to get an idea as to what's coming down the pipeline. @Kelly Asmus is correct, rents can only be increased at a 7% base plus CPI based on the previous year (2021 - 2.9%). So, rents can only be raised 9.9%, including increase charges of parking, utilities bill backs, etc.
I would recommend looking into Senate bill 608 as well as Senate bill 282.