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Property Management Blog

Legislative Update Part 2 – June 2013 – SB 91A

Web Admin - Monday, June 24, 2013

Recently the Oregon legislature passed a bill known as SB 91A. This bill will be effective 1/1/2014. This bill has allowed landlords to require renters insurance, expand non-compliance fees and has made changes to screening guidelines involving background checks. If you would like to learn more about this bill I have listed a link below.

Should I Buy A Home Warranty For My Rental House?

Web Admin - Saturday, June 22, 2013

At first a home warranty my sounds like a good idea. But what many landlords fail to think about is how the warranty works in application. Does the warranty save you money in the long run, what are the benefits and what are the drawbacks? In this short video you will learn if a home warranty is the right choice for you.

Nicholas Cook – Published in Residential Resource June 2013 Issue

Web Admin - Wednesday, June 12, 2013

Nicholas Cook’s article “Competition Is Your Friend” was featured on the June 2013 cover of Residential Resource, a national publication by the National Association of Residential Property Managers (NARPM).

Protect Yourself and Your Investment Property By…

Web Admin - Thursday, April 11, 2013

Learn one simple way to protect you and your rental property.

Being in the landlord business can be scary at times, especially if you’re new to the industry.

After all, in many cases you’ve spent your life saving a down payment just so that you can be the proud owner of a rental house. While in other cases, you never meant for the house you bought to be a rental.

In this video I discuss one strategy that will help reduce some of your exposure to the everyday risks of being a landlord.

Lease V.S. Month-to-Month

Web Admin - Monday, March 25, 2013

Is it best to rent your home month-to-month or on a lease? Find out what we recommend.

Deciding to rent your home month-to-month or on a lease is a function of your goals. For example, if you like the idea of security and steady cash flow then a lease is the best way to go. But, if flexibility is more important to you because you’re thinking of selling your home or you want to see how well the tenant follows the lease without a lot commitment, then a month-to-month agreement is probably the best choice for you.

Remember though, your in the rental business and in business, choices are more often defined by the customer. This means you will need to take into consideration other factors such as what is normal for your marketplace as well as the type of property.

If you would like to learn more about leases or would like our help, give us a call at 503.919.0471 and we will happily assist you.

Good luck!

Should You Rent to Section 8 Residents

Web Admin - Saturday, March 02, 2013

Should You Rent to Section 8 Residents?

When it comes to deciding if you should rent to section 8 tenants the answer is, it depends.

Let’s look at the benefits. The benefit of renting to a section 8 resident is that you are getting a guaranteed income stream from the government.

Next you want to evaluate the cons of renting to section 8 resident. When renting to a section 8 resident you have to comply with an additional lease agreement, periodic inspections, additional paperwork when sending out notices and the rental amount is limited to a formula used by the housing authority.

For some, the additional leg work is worth the guaranteed income, for others it is not.

Another important factor to consider is the potential attitude of the resident. First it is important to realize that their isn’t any proven correlation between a section 8 resident and their attitude, however some people have concerns that someone who is receiving government assistance doesn’t have any skin in the game and therefore is less likely to care for the property. This could be true, but it could also be untrue. Most of the time participants in the program strive to be excellent residents so that they can stay in the program.

My advice is to ask local landlords about their experience with the program as experiences may vary from region to region.

If you have any additional question or if you would like to hear about our experience please feel free to contact at 503.919.0471.

Thank you!

Should My Property Be Pet Friendly

Web Admin - Friday, February 15, 2013

Owners often want to know if they should allow pets in their rental property or if they should avoid it all together. In my video I answer this important question.

Property Management Fees For Residential Rental Property

Web Admin - Friday, February 01, 2013

I am often asked, how much do property managers charge for their services? Fees vary depending region, property type, property size, age, condition and the needs of the owner. Give us a call today to discuss our fees (503) 919-0471.

Tenant Screening

Web Admin - Tuesday, January 29, 2013

How We Protect You, Your Property and Your Neighbors (Tenant Screening)

Nicholas Cook Qualified Instructor Teachs Class at Ticor Title

Web Admin - Friday, January 25, 2013

On Thursday, January 24, 2013, Nicholas Cook, owner and operator of Sleep Sound Property Management, Inc. presented a continuing education class to room of 40+ agents regarding landlord tenant law and property management at Ticor Title.

The class was filled with positive feedback and Nicholas Cook was asked to teach the same course at all of Ticor’s other locations.

The next class time and date is TBA. If you would like to attend the next class please contact Sleep Sound Property Management, Inc. at 503.919.0471.

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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