All Forum Posts by: Justin Hymas

@Steve Milford Thanks for the informative response. Looks like I have some research to do on the Landlord-Tenant laws in my area. I also use apartments.com and like how easy it is to use.

@Ben Nelson As I understand it, Oregon is one of the most difficult states to own residential real estate in. I would love to use a professional property manager but haven't been able to find one that I like yet. Many of the ones I have looked at don't seem motivated to keep rents at appropriate market rates; they are always low. That can be especially problematic here with the rent control that is in place.

Hi!

I was recently a part of a conversation in which a few more experienced landlords alluded to being nervous about marketing their rentals publicly due to potential litigation issues. We all live in Oregon (not Portland) so I searched for updates on state laws governing landlord-tenant relations and advertising. Is there any reason I can't publicly market my rental when it is open and ready to be moved in to? Is there anything I should be careful about if I do?

Thanks!

Hi @Brad Hammond! Thanks for your response!

What are your thoughts on having the tenants move out as a contingency of the offer? I really don't want to displace anyone out of their home, but at the current rates that they are paying I will lose money each and every month. 

The other factor to consider is that the units both are in need of upgrades to get them to their highest potential rates. Ideally, I could do the outside right away then work on the inside of one unit at a time. 

What would you do? Thanks for your input!

I am working to purchase a small multifamily in the Rogue Valley of Southern Oregon. I looked at a property with rents that were way under market (50%). My realtor said that there might be temporary rent control in place in Oregon. Does any one know anything about this? Any help would be much appreciated! I sure don't want to get stuck with super low rents that I can't change fast enough to create some cash flow.