Renting your property privately can sound like an attractive option. No agency fees, more control over your property’s layout and one on one interaction with your tenants; all of these factors can lead to you taking on the responsibility of being a private landlord. But before settling on a decision, it’s important to consider the extra work this decision will entail. With Opulent Real Estate, we take care of everything, giving you more time to focus on the important things in life.

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At Phoenix Property Management, we advertise your property on the most established and widely read property rental sites. We ensure your property is viewed by the most prospective tenants as possible, meaning your property will be inhabited faster.

Complete tenant background checks

The trained team of property professionals at Phoenix Property Management will run all the background checks you need to know the tenants inhabiting your property are trustworthy and reliable. We run credit checks, check all references, run prior conviction checks and check their job history. This means you can rest easy knowing your property is in the best of hands, with no room made for error. We lease your property as if it was our own, taking the utmost care in our selection of tenants.

Regular property reports

Leasing your property is just one Service Phoenix Property Management provides. As soon as your property is inhabited, we strive to ensure the highest standards are upheld. We regularly check in with your tenants, checking up on both the welfare of the flat and its inhabitants to guarantee a smooth tenancy. We give you regular updates and ensure any issues with your property are resolved quickly and efficiently, with minimum fuss to you and the tenants.

Quick, efficient repairs & maintenance

eeOur dedicated team of maintenance technicians will work around the clock to resolve any problems experienced by your tenants. At Phoenix Property Management, we employ, supervise and take charge of all repairs, maintenance and repairs. This means you can relax safe in the knowledge that your tenants are content with the property while the property itself is being maintained at the best prices by the most qualified technicians in the area.

We deal with all complaints and issues

Should you or the tenants experience any issues with the property, we are on hand to provide all the assistance necessary. Property Management Phoenix can also deal with any late payments, taking the appropriate steps to ensure you receive your monthly payments on time, whenever possible. Phoenix Property Management can also deal with unruly tenants, ensuring all steps are taken to limit damage to your property and maintain your regular monthly cash flow.

As a Property Management agency, one question keeps coming up with estate investors wondering if they should invest in single-family homes, apartments, or plex. The question is what you will get in the Portland market.

Single Family Homes

Property Management PortlandThere are different types of properties available in Portland. When it comes to single-family homes, they are smaller than your typical home. When deciding on rentals a three bedroom, two bathroom home is about 1,500 square feet and normally the rent is ±$1, 900. These rentals are more popular and affordable. When buying this type of home you will have to expect putting a bit more down. These types of properties are not easy to control compared to other types of properties.

Plex Homes

Being a Portland management Company, we have quite a few plex tenants. These types of homes are usually duplex, triplex or quadruplex and the majority of renters looking for these homes are looking for privacy. If you are considering investing in a plex look for properties that have extra space and private yards, as the majority of tenants are looking for an upgrade from living in apartments. There is a little bit of an advantage when buying a plex, even if one sides vacant the chance is great that the others rented and you should have a starting income.

Multi-Family Homes

Property Management PortlandIf you are going to buy an apartment, we recommend that you do not buy the lowest building or the highest building and as we say, you want the bread and butter properties. These Multi-Family homes normally are the middle of the road apartment building. They appeal to a variety of tenants. Investing in housing is always a good and safe investment. In Property Management Portland, we know that all people need a roof over their heads and the middle of the road apartment is usually the easiest. Buy yourself an apartment in the best location as they rent out quicker than apartments found in the least favorite parts of town.

Growth Area

When considering these options, make sure that you are buying in an area with growth. Portland has become a booming rental market – so always buy in areas where the demands for rentals are strong. When considering buying single-family homes, look for parks and schools that close to the homes in the area.

Always think with your head and not your heart. Never get attached to a property or house, as you want the property to produce cash flow.

Most important Budget

Property investors need to know the importance regarding cash flow of property’s before buying. You need to budget and make sure that the property you are buying will provide you with revenue for ongoing expenses. Never underestimate the important factors that need consideration when it comes to maintenance, capital improvements, and preventative maintenance. When a renter decides suddenly to move out you need to make sure there is enough money to cover for lost rent and turnover costs as well as paying the mortgage plus insurance.

At Porter Brauen Real Estate & Property Management Services, we are here to guide and direct you to the best area of town providing you with the best competitive analysis. Call us today and our professional property managers will be glad to help you.