All Forum Posts by: Taylor Rhodes

Hello,

I am looking for book recommendations on asset management.

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.

@Kobey Heberling On an initial phone call with a prospective tenant, be very honest. Tell them the criteria and then stop talking - they will tell you how they measure up to your criteria (ei. credit score, tenant history,  gross income). 

Sympathize with them but don't empathize.

If they don't give an immediate impression of qualification, have suggestions or give directions to resources that can help them improve their situation. 

Hey Casey, I think what you outlined is a good option.

Does your mom want to keep it out of sentimentality, or is she truly trying to use this home as an investment vehicle?

If she is using this property as an investment vehicle - selling could be a more desirable option as she could put the money to work in a slightly better investment property (for return purposes) while at the same time, getting her brother out. 

@Tom Dieringer Right on!

I am connected with a cost seg business. I will reach out to you now. 

@Jeff S. reminds me of a term that I became aware of by Nassim Taleb - Iatragenics. Which essentially means, harm caused by the healer. 

@Jeff S. , I am curious to know more when you say, "I had a huge runup due to the city (Portland) implementing that population strategy but now they act as if they regret it."

I think @Daniel Smyth is on point when he says,

"So, my rule is that I put blinds up in some rentals when it suits me. Sometimes the blinds are left by the previous tenant.

I also stipulate in the lease that window coverings are the responsibility of the tenant.

I have no problem replacing a blinds or two to get a place filled, but I do so if it will make the sale."

With the key being that he stipulates in the lease that the window coverings are a tenant responsibility.

Hey Robert! I would love to have a conversation with you and aid you on your journey!