All Forum Posts by: Kurt Lane

@Vishu Anekonda Welcome and congrats on developing your plans for your house hack. Feel free to message me if you're interested in referrals to a few real estate agents. I'd be happy to connect you with people. Also, as you get further along, we provide complimentary rental analysis info so if you're wanting details on potential rents and broader market conditions don't hesitate to reach out.

Good luck!

Hey @Shan Randall, I’d recommend Bridgetown Electric, Westside Electric, and Rose City Electric. Bridgetown is our main vendor and they’re great, but we use all of them and I highly recommend each. Good luck!

Hey @Taylor Rhodes, the Wall Street Journal Complete Real-Estate Investing Guidebook by David Crook is a good primer.

Great to meet you Steven!

Hey @Neal Coppola, I'd recommend America's Perfect Home (https://www.americasperfecthome.com/) or Precision Painting & Construction (https://www.precisionpnw.com/). Edward's the contact for APH and Andrey's the contract for Precision. We work with them both regularly and they do great work. Feel free to mention you were referred by Chroma Property Management if you'd like.

Good luck!

Hi @Jay Lam, we always require all owners to sign the property management agreement, so I'd recommend going back to you PM and enabling you both to sign.

Best of luck!

Hey Raja,

Assuming your property is in Portland the tenants would be eligible to receive Mandatory Rental Relocation Assistance (https://www.portland.gov/phb/rental-services/renter-relocati...) if 1) you choose to not extend their lease, or 2) you decide to sell the property and have an accepted offer for purchase. In Oregon (not just in Portland) you can't preemptively issue a no-cause eviction due to a property sale unless you have an accepted offer.

If you are going to make an offer to the tenants to move out early or prior to your property going up for sale that offer can't be for less than what they would be eligible to automatically receive via Rental Relocation Assistance. If they do agree to a Cash For Keys arrangement like this I would highly recommend working with an attorney who specializes in landlord/tenant law in Portland to draft the agreement and have all parties sign.

Best of luck!

Hi Keenan,

I'd be happy to set-up a time to speak if you're interested in learning more about our company - Chroma Property Management. Feel free to message me via Bigger Pockets or you can find my contact info via our website.

Thanks!

Hi everyone,

I know I'm a bit late to this thread, but wanted to mention to all of the Portland folks that I'd recommend checking out Investor Lab - https://investorlab.com/. It's a local group started by Rarebird Real Estate and they have monthly meet-ups geared toward newer investors. Their next meeting is actually tonight and they'll be discussing Commercial opportunities. It's a great group of people and a good resource.

If anyone ever has any property management-specific questions don't hesitate to reach out. We manage SFHs, condos, and apartment buildings up to around 20 units throughout the Metro area and I'm always happy to answer any questions for people getting started.

Thanks!

Hi @Dustin Le,

The regulation that you'll want to review is HB 2001, which passed earlier this year. It updated the timeline for rent termination notices and the process for filing evictions. I'd recommend using Multifamily NW forms if you're going to be handling this notice yourself - https://www.multifamilynw.org/order-forms. 

Sorry to hear you're having issues with your tenant and best of luck!