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Office: 503.919.0471
Leasing: 503.660.8483

PORTLAND PROPERTY MANAGEMENT

Providing residential and commercial leasing and property management services for the Portland metro area.

At Sleep Sound Property Management, Inc. we provide leasing and property management services for residential and commercial property. Unlike other firms, we focus solely on management. This allows our company to concentrate on the most important thing, protecting your investment property.

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"Even with problem tenants Nick Cook made having renters something we could handle. Id use Sleep Sound again and recommend it, no problem. Great company with great service. We werent sure about paying the fees for a property manager, but in the end it really turned out to have been a very smart move."
~ Robert Wynia

News & Events

What You Need to Know About Portland's Renter Relocation Fee

Web Admin - Wednesday, February 08, 2017

On February 2, 2017 the city council met to discuss Chloe Eudaly's proposed ordinance that would require landlords to pay a relocation fee to tenants if they asked the resident to move or if the rent was increased 10% or more and the resident decided to move due to the increase.

The ordinance did not consider using a means test so that renters who were well off would be excluded, instead the entire burden was shifted to the landlord.

There are a lot of unintended consequences that will go along with the passage of this ordinance. Below are a few examples.

  1. Small landlords who own plexes will sell.
  2. Rents that may have risen less than 9.99% or not at all will now rise regularly to help owners pay for the added cost.
  3. Communities will be trapped with problem tenants that the owner or there residents cannot prove are violating the lease or where the owner cannot afford the legal expense.
  4. Some investors will buy outside of Portland.
  5. Safety issues will increase as bad tenants will remain at the property longer if not indefinitely.

EXEMPT FROM THIS ORDINANCE

  • Properties outside of Portland, Oregon.
  • Small landlords who own 1 rental unit.
  • Owners who rent their primary residence that plan to return in the next 3 years.

PENALTIES FOR FAILURE TO COMPLY

  • Relocation fees plus 3X the rent.

If you would like to read the ordinance directly please visit the link below.

https://www.portlandoregon.gov/eudaly/article/625341

For a summary from Bittner & Hahs P.C. please see the link below

http://files.constantcontact.com/50731f45101/ca97583e-7781-41fe-8ad4-0e16f2aee998.pdf

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Sleep Sound Property Management, Inc.
4415 NE Sandy Blvd, Suite 201
Portland, OR 97213

Office: 503.919.0471
Leasing: 503.660.8483