JCON Property Management, views property inspections as a valuable part of managing your real estate investment or rental property.
Property inspections should be priority when trying to preserve your Portland rental property.
How closely do you monitor your stock portfolio or how often do you review your retirement account? Why not do the same for your Investment property?
Surprisingly enough, routine property inspections are not a common practice even though making this small, periodic investment can positively impact the long-term condition and value of your portland, beaverton, tualatin rental property. Regularly recurring inspections can mitigate some of the financial risk by the early identification of damages. Property inspections provide information about each property’s overall interior and exterior condition, noting such things as the presence of any potential hazards and or current damages.
JCON Properties does a 90 day inspection for all of their managed properties. JCON property management feel that 90 days gives a tenant sufficient time to settle into their living habits, allowing JCON property management to see how the tenant is taking care of the unit. If the portland rental property is showing damage beyond normal wear and tear, this can be addressed and further damage can be prevented. Other than the 90 day property inspection JCON Property management recommend at least two additional inspections per year. Contact JCON Properties today for your portland real-estate management needs.
Thank you, JCON Properties
Renters’ Insurance
Allthough the purchasing of renters’ insurance is ultimately your tenants’ responsibility, as a landlord it’s important that you have an understanding of what it is any why it is important, both for your well being and for your tenants’.
Make your tenants aware.
Tenants need to understand that in case of a destructive event at your property, existing home owners insurance will only protect the home and not tenants personal property.
Your benefit
Some property managers build a clause into their lease stating that renters are obligated to purchase renters’ insurance for the duration of their occupancy. As a benefit, the tenant has liability protection for causing damage to owners property unintentionally. Also it will give them protection if someone is personally injured at the resident.
Tenants’ Responsibility
If you choose not to include renters’ insurance as a lease requirement, you should still make a point of informing renters that they are responsible for insuring their own personal belongings, both verbally upon lease signing and in the actual lease text.
Renters insurance is not something, we at JCON Properties, let a tenant occupy one of our units without. It is a cheap monthly expense that a tenant will have to pay but will be priceless if they need to use it. Renters insurance cost are usually around $7.00-$12.00 monthly.
JCON Properties , portland property management, Hillsboro property management, Tualatin property management. Jerry Condray, Cameron Condray, Christina George.
Portland Oregon houses for rent: Rent our homes.net Portland, Oregon property management: JCONProperties.com
Wear and tear vs damages of your portland rental property.
Security deposits are for repairs beyond ”normal wear and tear.” The difference between the two may no be so clear at times. For example, say the draw-strings on a set of blinds has broken off-your first thought may seem like it is damage caused by the tenant. But if the blinds are old, it may fall under the definition of normal wear and tear.
The following are some examples to help you better understand the difference between normal wear and tear vs. damage.
Holes left in the wall from a former tenant’s pictures, shelves, and other wall hangings will most likely qualify as normal wear and tear. Holes all over the unit and large holes fall under damage. These would give you reason to dip in to tenants security deposit for repair.
Paint policies are often subject to specific lease terms however, even if your tenant as left a nice new paint job behind, it still classifies as damage if the color is significantly different from the original color of the unit and was not pre-approved.
Outside landscape can also have its normal wear and tear vs. damage issues also. This cab be harder to distinguish sometimes but should not be overlooked. For example a 15 year old fence that is rotted and falls over when your tenants dog jumps on it, would not be a cost that the tenants security deposit would cover. However, outside siding that is ripped off due to a tennt mounting something to it and causing the siding to be damaged, repair cost would come from your tenants deposit.
Disputes over wear and tear vs. damage can be avoided. Document, document, document. Having a move in and move out checklist allows both parties tenant and landlord, to understand what is expected of them. Move in and out checklists put tenants on notice that the owner or landlord is serious about keeping their property in good condition and will not hesitate to use the security deposit to put the property back into its pre-rented condition.
email. jconproperties@gmail.com
Web. jconproperties.com
JCON Properties, LLC your Porltand property management company.
Carbon Monoxide Detectors need to be installed.
Carbon Monoxide Detector Reminder
As of July 1, 2010 For all New Tenancies. If a rental dwelling unit that is subject to ORS chapter 90 has a carbon monoxide source or is located within a structure having a carbon monoxide source, the landlord shall ensure that the dwelling unit has one or more carbon monoxide alarms installed in compliance with State Fire Marshal rules and the state building code. The landlord shall provide the tenant of the dwelling unit with a written notice containing instructions for testing of the alarms. The landlord shall provide the written notice to the tenant no later than at the time that the tenant first takes possession of the premises As of April 1, 2011 For all Active Tenancies.
If a rental dwelling unit that is subject to ORS chapter 90 has a carbon monoxide source or is located within a structure having a carbon monoxide source, the landlord shall ensure that the dwelling unit has one or more carbon monoxide alarms installed in compliance with State Fire Marshal rules and the state building code.
AND
If the landlord receives written notice from the tenant of a deficiency in a carbon monoxide alarm, other than dead batteries, the landlord shall repair or replace the alarm. Supplying and maintaining a carbon monoxide alarm required under this section is a habitable condition requirement under ORS 90.320
Thanks JCON Properties, LLC your Portland Property management company. Beaverton, Hillsboro.
Keeping your Tenants.
Keeping your tenants may not always be easy, but in the long run it is almost always cheaper to retain good tenants than to find new ones. The following are some simple ideas that may help you retain your tenants.
Give incentives to stay. A small incentive to keep your current tenant could be a smart move on your part. Sometimes just leaving the rent at the current price is enough to get your tenant to sign another lease. If you have a tenant that is paying a price that the market will not currently bare, if you were to try and re-rent, you may need to adjust the price to get the tenant to stay and sign another lease. However, don’t avoid rental increases if it is possible. Be able to explain the rental increase to your tenant by first doing your homework, such as verifying and noting that the current rent values have increased in the area that your tenant is leasing.
Invest in the property.Small improvement will go a long way toward keeping your tenant happy. Whether it is repairing or replacing a broken light or repainting a few walls. Tenants today have dealt with a lot of bad landlords. Many tenants are weary of an independent landlord, due to the fact of them not taking care of their rental unit problems when they arise.
Get some feedback.It is a simple concept the best way to understand what your tenants are thinking is to communicate with them. Ask them how you are as a landlord and what you could improve on. Have them give you some ideas and suggestions. Be sure to acknowledge their feedback and let them know how you plan to take care of their ideas and suggestions. You do not have to do everything your tenant suggests but if you do decide to commit to one, make sure you follow through.
These may be things you don’t want to deal with as a landlord, but they are inevitable. JCON Properties deals with these issues on a daily basis and if we can assist you in any way please contact us.
Email: jconproperties@gmail.com
Thank you, JCON Properties, LLC Your Portland Property management company.
Tags. Jerry Condray, Cameron Condray, Christina George. Rent our homes
Preparing your Portland real-estate investment for re-rent.
For good or bad, preparing units for re-rent is part of every owner and or Portland property mangers job. There is good news to this, though. Just a few simple ideas can go a long way toward making the turnover process more efficient and cost effective.
Schedule your vendors in advance.Do your best to schedule any work that needs to be done as soon as your tenant gives you notice. This will give plenty of time to cover the basics, a pro-carpet clean, painting and any other necessary improvements. The simple task of getting your vendors lined out ASAP will allow you to get your investment property rented quickly.
Re-Key the Locks. It may be tempting to skip the re-keying process during a unit re-rent. This is a step that should not be overlooked even if it does seem like a hassle or unnecessary expense. This process will seem small and not that big of a deal compared to dealing with an issue resulting from an unauthorized access to your investment property by an unauthorized individual who entered through the front door with a key. Re-keying is an espense of the owner that should not be overlooked.
Keeping good records. Making sure to keep good records of your investment property expenses is a simple task that pays off big in the end. If you are tracking your expenses or having someone do this for you, you will understand exactly where you are at with you investment property and can avoid over-spending in scenarios that it is not necessary.
Today’s Portland Real-estate rental market is continuing to pick up but so are the expenses. Be sure to know where you stand with your investment property or rental property.
Thank you, JCON Properties. JCON PROPERTIES,
Tags: Jerry Condray, Cameron Condray, Christina George.
