Best practices for your rental

Holland Properties • September 29, 2022

Whether it is your first house and you are turning it into a rental property or if you already have several residential properties as an investment, these tips will help you be more successful and stress-free!


Landlord Insurance Policy

Make sure you have a landlord insurance policy. Besides a bunch of other important items, homeowner policies cover your personal possessions while a landlord policy covers loss of rents in the case of a claim.  Work with your insurance agent to find the best policy that fits your needs and level of protection.


HOA Rules and Regulations

If you have an HOA, take into consideration that there may be limits on how many properties are allowed to be rentals in that community. Make sure to read your HOA bylaws and request approval for your rental property prior to renting it out. Some HOA’s have move-in or move-out fees or require tenant information, so make sure you review their process. 


Optimizing Property Condition

Keeping your property in the best shape possible will attract quality tenants and be much easier to rent. You may need to have repairs and/or upgrades done to your property to accomplish this. The best thing to do is to make sure it’s exceptionally clean and freshly painted with neutral colors.


Understanding Fair Housing Laws

Read the Fair Housing Laws for Landlords. It is very important you thoroughly screen applicants equally and without any discrimination to prevent a lawsuit. It is best to have a third-party expert screen your applicants to reduce liability. 


Managing a rental property can be overwhelming and challenging.  Hiring a property management company to take care of it for you will save you the headache! From screening applicants, coordinating repairs, fielding tenant issues, and staying up to date with all legal requirements we make your life better.  In addition, since property managers are paid a percentage of the rent they usually do a much better job than private landlords of keeping up with the market ultimately making you more money. 


Holland Properties is here for you. 


Give yourself a break, it is time to work with a great team !


If you invested in residential property in Oregon but then got relocated, or if your family grew and you are looking for a bigger space, or you want to start growing your wealth and want your home to be an investment, consider hiring a property management company to step in to help you. 

 

Holland Properties

503-533-2121 ─ ext. 51

main@hollandprop.com 

sales@hollandprop.com 


Property management companies
By Holland Properties July 1, 2024
When choosing a property management company, there are several key factors to consider to ensure your investment yields steady income and maintains its value. The right property management company can significantly impact your returns, tenant satisfaction, and overall property condition. Here’s what to look for: 1. Local Knowledge and Expertise Understanding the real estate market requires extensive local knowledge. A top-tier property management company should have a thorough understanding of the distinct characteristics of the local area. 2. Optimizing Revenue Innovative marketing techniques to minimize vacancies and ensure properties are leased swiftly are essential. This includes professional photography, virtual tours, and targeted online advertising to attract a broad pool of potential tenants. 3. Comprehensive Property Care Maintaining your property in excellent condition is vital for preserving its value and attractiveness. Look for a property management company that oversees all aspects of property upkeep, from regular property reviews to urgent repairs. This proactive approach helps identify and address minor issues before they become major problems, saving you money in the long run. 4. Legal Expertise and Compliance This includes everything from fair housing regulations and lease agreements to health and safety standards. By managing all legal matters, the property management company safeguards your investment and provides reassurance. This expertise is crucial in avoiding legal pitfalls that can result in costly fines or litigation, ensuring that your property operations run smoothly and within the bounds of the law. 5. Clear and Effective Communication Effective communication is essential for successful property management. A reputable company will keep you informed about your property's performance and any maintenance concerns. Regular financial reports and availability to address your questions give you confidence that your investment is well-managed. 6. Technology-Driven Approach Advanced software solutions streamline everything from tenant screening to maintenance requests, ensuring efficient and effective management. Using technology to serve you and provide better access to the information you need to know keeps you informed and involved every step of the way. 7. Commitment to Success and Integrity A commitment to your success and integrity in property management should be at the core of any company you choose. Transparency is crucial; you need a team that keeps you fully informed and owns the outcome of their actions. Look for a property management company that prioritizes honest communication, accountability, and a dedication to maintaining the highest standards in all their dealings. 8. Solid Guarantees Solid guarantees are a testament to a property management company's confidence in their services and their commitment to your success. Look for companies that offer clear and robust guarantees to provide peace of mind and assurance that your investment is in capable hands. These guarantees might include rent collection guarantees, maintenance response time guarantees, and tenant placement guarantees. Such assurances demonstrate the company's dedication to delivering consistent, high-quality service and their confidence in meeting your expectations. Why Holland Properties, Inc? At Holland Properties, Inc., we exemplify all these qualities and more. Serving the desirable Portland metro area, including Hillsboro, Beaverton, Aloha, and Tigard, we are the highest-ranked property management company in the region thanks to our unmatched local expertise and comprehensive services. Our leaders are investors themselves, ensuring a deep understanding of your needs. Our commitment to success, integrity, and transparency ensures your investments are competitive and well-maintained. Contact us today to discover how we can help you achieve your real estate investment goals. 503-533-2121 main@hollandprop.com
By Holland Properties February 12, 2024
When considering the management of rental properties in Oregon, especially for property investors who might not have the time or expertise to manage properties themselves, hiring a property management company can provide several key benefits. Here are five significant advantages tailored specifically for property investors: 1. Local Market Expertise A property management company based in Oregon, particularly one familiar with the greater Portland area including Beaverton and Hillsboro, brings invaluable local market expertise. This knowledge is crucial for setting competitive rental rates, understanding local laws and regulations, and effectively marketing your property. Holland Properties, Inc., with its deep understanding of the local market dynamics, can help you maximize your investment's profitability while ensuring compliance with all local ordinances and state laws. 2. Efficient Tenant Placement and Management Finding the right tenants is fundamental to the success of your rental investment. A reputable property management company has the resources and processes in place to screen tenants thoroughly, ensuring you have reliable tenants who pay on time, take care of your property, and generally cause fewer problems. Holland Properties, Inc. offers comprehensive tenant management services, including rigorous screening processes, lease negotiations, and tenant communications, which can save you time and reduce the risk of rental income loss. 
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