While owning an investment rental property can be financially rewarding, it also entails a great amount of time, effort and knowledge. There are a number of benefits to hiring a property management company, whether you live close to your property or out of state. A professional property manager can help with critical tasks such as screening applicants, emergency maintenance issues and understanding the complicated and ever-changing landlord-tenant laws in Portland. 

1. Determining the Right Rental Rates. As a property management company, we will conduct a thorough market study to set a rental price for your property that will both maximize monthly income while maintaining a low vacancy rate. We are locally owned and operated with extensive knowledge of rental market trends to help rental property owners make decisions on rates for the short and long term. 

2. Marketing Vacant Properties. Portland Rental Properties utilizes the most comprehensive market distribution software available. Property managers know how to create compelling advertisements for vacancies to quickly find tenants. We understand the Portland area rental market and what appeals to prospective tenants.

3. Screening and Managing Tenants. Portland Rental Properties is able to perform thorough background checks on prospective tenants, including credit, criminal and eviction history, proof of income and references to determine the likelihood that tenants will fulfill the terms of the rental agreement. Once tenants have moved into your rental property, we will handle all aspects of the tenant-landlord relationship. Property management will oversee routine and emergency maintenance, perform routine property inspections, collect deposits and rent and provide skilled mediation if conflicts arise. 

4. Managing Vendors and Handling Maintenance. Portland Rental Properties has relationships with a variety of maintenance workers and contractors, so you will get the best work for the best price. We will oversee routine maintenance as well has larger remodel projects and hold vendors accountable for their work. Additionally, as a professional property management company, we have a 24 hour emergency maintenance line. 

5. Ensuring Compliance with Landlord-Tenant Laws. In Oregon, and especially Portland, rental properties are highly regulated, with ordinances and laws regularly being added and revised. At Portland Rental Properties, we stay current on all landlord-tenant laws, ensuring your rental properties is in compliance.

Please contact Portland Rental Properties for a free market analysis of your rental property at 503-288-8330 or Reed@PortlandRentalProperties.com