Blog Stories Investing in Portland

Investing in Portland

By Living Room Realty, March 6, 2021

The key to a successful rental in focusing on the details. When a longtime client called to say she was ready to purchase another rental property I was excited to hear what she had in mind. She has created the perfect formula for success in the Portland rental market. With Portland home prices skyrocketing and landlord restrictions making managing a rental more challenging a lot of local investors have decided to cash out their investments. Not this woman!

She loves creating nice homes for her tenants and curating sweet spaces for to short term rentals. During COVID things have been a bit more complicated but she is undeterred. According to her the secret to a successful rental is in the details. Small details make a huge impact. Such minor updates as changing the house numbers and porch light can take a home from ordinary to sophisticated. Over the years I have watched her take properties in all levels of construction and disarray and create meaningful, welcoming homes for many people.

The relationship between a landlord and tenant can be tense at times but she believes respect and compassion are the foundation for a good relationship. She is fair (never raises the rent on a tenant) and in turn finds that the tenants to take extremely good care of the homes and treat them as their own.

Ultimately we found a great house for her newest venture. It has a full 3 bedroom ADU downstairs and large family home upstairs. It has great bones and loads of potential. I can’t wait to see her take this basic home to the next level!

Living Room Realty

...
Read More
  • T: 503-719-5588
  • welcome@livingroomre.com

You might also enjoy

Just Listed! Classic Charm Meets Modern Updates in the Heart of Overlook!

Jenson Sarr

1615 N. Webster St. Portland, Oregon, 97217 This home blends the beauty of original features—like hardwood...

When Waters Rise, So Should We: A Closing Day Reflection

Zoë Spring

When Waters Rise, So Should We: A Closing Day Reflection— by Zoë Spring Tomorrow, I’ll place...

Just Sold: West Linn Tri-Level

Mel Dorman

2940 ASCOT CIR West Linn, OR 97068 The Perfect Tri-Level – with a View! Recent updates...

What’s happening in the Portland Real Estate Market?

Lily Ray Wyss

What we discuss: • There being a good amount of inventory. • The high levels of...