holland

What to Look for in a Property Management Company

Mon, 01 Jul 2024 18:25:52 GMT

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.

503-533-2121

main@hollandprop.com

5 key benefits of hiring a property management company

sales@hollandprop.com (Holland Properties) — Mon, 12 Feb 2024 21:35:01 GMT

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.

3. Maintenance and Repair Coordination

Maintaining a property can be both time-consuming and costly. Property management companies have established relationships with trusted vendors and contractors to ensure that maintenance and repairs are handled promptly and efficiently. This not only helps in maintaining and potentially increasing your property's value but also ensures tenant satisfaction. With Holland Properties, Inc., you can rest assured that your property is maintained to a high standard, with the team managing all aspects of property upkeep and emergency repairs as needed.

4. Streamlined Rent Collection and Financial Reporting

Ensuring consistent cash flow is essential for property investors. A property management company streamlines the rent collection process and enforces lease policies if payments are late. This helps maintain consistent revenue from your investment. Furthermore, companies like Holland Properties, Inc. provide detailed financial reporting, giving you a clear overview of your property's financial performance, which is essential for strategic planning and tax preparation.

5. Risk Mitigation

Property management companies are well-versed in the laws and regulations affecting rental properties, including landlord-tenant laws, fair housing, and maintenance standards. By adhering to these legal requirements, they help mitigate the risks associated with property ownership, including potential lawsuits. Holland Properties, Inc. prioritizes staying up-to-date on all legal aspects of property management, providing peace of mind that your investment is in good hands.

HOLLAND PROPERTIES INC

Hiring a property management company like Holland Properties, Inc. offers tangible benefits for property investors in Oregon. From leveraging local market expertise to efficient tenant management, maintenance coordination, streamlined financial processes, and risk mitigation, the value added to your investment is substantial. If you're looking to maximize your rental property's potential while minimizing the day-to-day operational hassles, partnering with Holland Properties, Inc. could be the strategic decision that propels your investment forward.

503 5332121

main@hollanprop.com

MAINTENANCE TIPS TO KEEP PROPERTY IN BEST CONDITION

Tue, 06 Feb 2024 16:27:20 GMT

Are you ready to elevate your property's condition and maximize its value? Essential maintenance tips to help you maintain your property in top-notch condition.

Stay ahead of maintenance issues by conducting routine property reviews. Identifying small problems early can prevent costly repairs down the road. Schedule reviews at least once a year to keep your property in top condition.

Tip #1: Don't Ignore Plumbing Problems - Leaky faucets or clogged drains may seem minor, but they can lead to significant water damage if left unchecked. Address plumbing issues promptly to avoid costly repairs and potential property damage.

Tip #2: Maintain HVAC Systems Regularly - Proper maintenance of heating, ventilation, and air conditioning (HVAC) systems is essential for energy efficiency and indoor comfort. Schedule seasonal reviews and filter changes to ensure optimal performance and prolong the lifespan of your HVAC equipment.

Tip #3: Stay on Top of Repairs and Maintenance - Don't procrastinate when it comes to property repairs. Whether it's fixing a leaky roof, repairing damaged flooring, or addressing electrical issues, timely maintenance can prevent small problems from escalating into major headaches.

Tip #4: Invest in Exterior Maintenance - Don't forget about the exterior of your property! Regularly check and maintain outdoor spaces, including landscaping, siding, and roofing. Curb appeal matters, and proper exterior maintenance can enhance the value and attractiveness of your property.

Holland Properties Inc is a premium property management company in the Portland Oregon metro area dedicated to keeping your property in pristine condition. We prioritize preventive maintenance to avoid emergencies and ensure your property remains in its best possible state. Our team of experts is committed to delivering top-notch services to all our esteemed clients. We invite you to partner with us and experience our exceptional process. Kindly contact us to learn more about our amazing services.

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

Holland Properties, Inc

main@hollandprop.com

503 533 21 21

WHY SHOULD I ALLOW PETS ON MY PROPERTY

sales@hollandprop.com (Holland Properties) — Thu, 02 Feb 2023 17:34:03 GMT

We understand that allowing pets at your investment is a tough decision. We totally get it, but after reading this blog you might feel more comfortable knowing what to do in order for that to be an option.

One of the most frequently asked questions from owners is “should I allow pets on my property?”. This is 100% up to you in most situations, but we want you to consider the advantages that come with pet-friendly homes and ways to reduce the risk .

In 2018, about 57% of US households included at least one pet. The most recent Pet Ownership & Demographic Study (2018) by the AVMA shows that dogs are the most popular pets in the United States. ( To Keep reading more, click here…

https://www.pawlicy.com/blog/us-pet-ownership-statistics/ ) Taking those numbers into account, allowing pets will increase the pool of renters significantly, which will result in renting your property much faster!

A common concern is “But the pet owner won’t take full responsibility for the possible damage” Don’t worry! Here are some strategies to reduce your liability

When renting out the home, it is important to protect your investment property by including a pet screening process, clear marketing, creating specific lease agreement terms, and regular property reviews.

We strongly encourage you to utilize a pet screening program such as petscreening.com that will do the work for you in the pet evaluation. They can verify pet records, manage pet information, help you create a pet policy, and more. They are especially important for service and companion animal screening. Include clear pet marketing in your listing that lays out any pet deposit, monthly fee, and any pet restrictions such as size/weight, number of pets, cats only, etc….This will further reduce your risk by creating a pet policy plan, but still, increase your market visibility among people searching for pets.
It is vital to have a pet addendum stating the lease agreement terms such as but not limited to, pet deposit, monthly fee, liability for damage, pet behavior rules, pet waste, and management, etc…
Last but not least, make sure to have regular property reviews. This will help you detect issues early on and prevent future damage.

Please keep in mind, in Oregon, for tenants who have a companion or service animal letter verified by a third party, ANY fees or deposits are not allowed . Tenants are still liable for all damage, but you will have to collect from the regular security deposit or bill out to the tenant. For more information on service or companion animals please visit the HUD website here: https://www.hud.gov/program_offices/fair_housing_equal_opp/assistance_animals

Pets play such an important role in many people's lives. As a property investor, it’s worth considering pets if you have the right processes and procedures in place to reduce the risk. Having a pet-friendly home can open up more opportunities when it comes to finding tenants and generating income for your rental property.

At Holland Properties, we deal with many tenants who have pets, so if you are not 100% sure about how to proceed, give us a call, and we will be more than happy to assist you in this process.

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

Holland Properties, Inc

main@hollandprop.com

503-533-2121

ACCIDENTS CAN HAPPEN BUT ALSO BE PREVENTED WHEN RENTING A PROPERTY

sales@hollandprop.com (Holland Properties) — Tue, 27 Dec 2022 23:07:07 GMT

As a property management company, we want to keep the properties we manage in the best condition by helping you, our tenants with some home maintenance tips!

After all, we hope you will enjoy living there for many years to come!

Large or small accidents and unplanned disasters can happen in any home, but the good news is, you don’t have to risk your safety. There are proactive measures you can take to ensure you remain safe. Here we will look at how tenants of rental properties can make their homes safer through prevention, awareness of potential risks, scheduling maintenance properly, and having access to reliable support systems when an incident occurs. From making sure smoke detectors are properly installed and working correctly, to understanding fire escape routes and evacuation plans, there are many things to learn about becoming a safe tenant – so let’s get started!

Prevention

Periodic Property Reviews

Holland Properties provides periodic property reviews where we go over important checkpoints in order to keep it safe. If something needs to be fixed, we are responsible for contacting the owner and informing them about the situation. There might be some scenarios where you as a tenant would be responsible for the charge and if this is the case, you would hear from one of our team members. Remember that these reviews have the purpose to prevent emergencies from happening.

Preventative maintenance

Preventative maintenance is vital to keep the home safe and operating smoothly. Here are some items that may be applicable to you. Replacing furnace filters, replacing CO2 and smoke detector batteries, cleaning sliding door tracks, clearing dryer lint, cleaning your washing machine and leaving the door open after cycles, running fans to clear moisture build-up from showers, and greasing doors.

How to Schedule Maintenance

What happens when I need assistance with a maintenance item?

If something needs to be repaired or replaced, you would need to submit a maintenance request through our software Property MELD https://app.propertymeld.com/login/?next=/. This is essential so we can properly track all tenant requests and assign them to one of our maintenance techs or outside vendors.

Please be aware that if you have several maintenance issues, you only need to create ONE meld for all of them. These requests are resolved in the order they are received with major emergencies taking first priority.

Here is a tutorial video for you in case you need help submitting your first MELD.

https://youtu.be/DKOaU_gwFY4

Emergencies and More !

We understand that emergencies can occur and it’s essential for you to understand what is considered an emergency and proper protocol. A maintenance emergency is water damage, fire, loss of heat, or severe weather-related damage to the home. It is your responsibility to mitigate the damage as much as is practical by shutting off water and/or electricity or calling 911 if the situation warrants.

We welcome you to follow us on social media and visit our website here to learn more about maintenance including useful videos that can help you with common issues.

Your Holland Properties Team

503-533-2121

main@hollandprop.com

Best practices for your rental

sales@hollandprop.com (Holland Properties) — Thu, 29 Sep 2022 19:45:25 GMT

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

Why should I screen tenants?

sales@hollandprop.com (Holland Properties) — Wed, 31 Aug 2022 01:00:24 GMT

When owning a rental property, the first thing to be aware of is the fact that new tenants will be moving in, but how do you know which tenants are the correct ones?

Tenant screening is the process of verifying the history, credibility, and trustworthiness of a prospective renter. This can be done by asking tenants to provide certain documents, such as credit reports or public records, or doing it electronically with their authorization for a smoother overall process.

Going over all of this data is hard and vital work, and it must be done for every property on the market. However, the time invested in it will yield great results in the end. Why? Because you can make sure that you are placing the right tenants in the right property, this will save you time and money to handle unwanted situations or lower the odds to deal with emergencies.

When screening, we want to ensure that all necessary criteria are met as taking care of your investment involves placing individuals who have a track record of paying rent timely, taking good care of the property they are occupying, etc.

There is no guarantee of an issue-free tenant or overall lease term, nonetheless, performing a thorough screening increases the likelihood of finding a great tenant, and with them, peace of mind. At Holland Properties, we thoroughly screen all tenants before signing a lease. We ask them for all the required documentation and certify we find a great tenant for your property.

Here’s a shortlist of the criteria we evaluate:

Valid ID
Criminal Record
Income and employment verification
Credit Score
Rental References
Pet or Assistance Animal Screening

We are great team players! If you manage your own home or you are an investor, working with us will save you time to find the right person by screening them properly, and just creating a smooth transition to the new lease, periodic property reviews, and everything that is required.

Let us handle it and enjoy the peace and free time that we can provide you!

Give us a call and we will find the right tenant.

503-533-2121 ─ ext. 51

main@hollandprop.com

sales@hollandprop.com

What do property management companies do?

sales@hollandprop.com (Holland Properties) — Wed, 17 Aug 2022 18:36:59 GMT

Deciding to use a property management company is something that homeowners need to contemplate when they convert their home into an investment rental property.

After finishing reading this article you will be able to answer the following questions

What do property management companies do?
Do I need a property management company?
When should I hire a property manager?

Property Management companies help with all the details that arise when having a property for business. This means, they have updates on new laws, they help to determine how much money you should advertise your property for, how long a lease should be, as well as dealing with the difficult part of screening tenants, and solving maintenance issues, hopefully, all while keeping you satisfied with your monthly profit.

There are owners who start their business themselves but when they receive 10-12 applications they realize that they do not have any experience on how to screen them. This can take a lot of time and effort as well as introduce a ton of stress because they want the right people living at their house.

Dealing with emergencies can be very frustrating because you need the right vendor to go out and solve them, this is another thing that will be very time-consuming for one person.

Having Property Management might not be cheap, that is true. It is, however, certainly better to share 8% to 10% from a “safe” business than not generating any profit at all.

So, When should you consider hiring a property management company?

When you have a lot of properties or rental units

Rapid response is the key to this business and when you have a full team that is available to solve every tenant request, success is guaranteed.

When overseas

Having specialized people in the area will provide you with better results by renting your property faster, finding you great vendors with a sense of urgency, and helping you to collect rent.

Your time is limited

Managing a property can be hard, but managing 10 properties is a real challenge. If you do not have the time to learn new rules, get new leases signed, send violations, deal with HOAs, etc, then having a property manager is the best thing since they are responsible for all the things listed above saving you a huge amount of time.

When you have too many maintenance requests

Partnering up with a property management company guarantees you certified vendors who have proved they are effective and timely.

You want to be an investor and enjoy your time

When managing properties you have to be available at all times, this means holidays, special events, or dates. If you are not willing to give up on this, then you must have a property manager by your side.

We are a property management company based in Oregon. We specialize in homes, condominiums, townhomes, and small multi-family homes on the west side of the Portland Metro area including Hillsboro, Beaverton Cornelius, Tigard, Tualatin and others Since operating in Hillsboro for more than 2 decades; we are very familiar with the various neighborhoods.

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

-Holland Properties-

503-533-2121 ─ ext. 51 main@hollandprop.com sales@hollandprop.com

Why should I invest in real state?

sales@hollandprop.com (Holland Properties) — Fri, 13 May 2022 15:17:32 GMT

Schedule your call with our experts!

Home prices in our market continue to rise. Some experts think there may be a short term correction coming but most experts say that long term we are the next Seattle or Bay area. At the same time the stock market is taking some big hits.

Steve Deardorff at Holland Properties was a private client banker for J.P. Morgan Chase at one point in his career. He was a personal banker for very wealthy families and one thing that Steve observed was that most every client owned rental real estate and that it had a big influence on their level of wealth. This is part of what drove Steve to this industry and why he thinks it is so important to invest in real estate.

Have you spoken with your investment advisor or CPA about your investment portfolio? Is it balanced? What is a balanced portfolio? Are you stock heavy? Should you have more of your retirement in real property? Feel free to call Steve if you care to talk, 503-533-2121 x51

Mark Twain once said: “Buy land, they're not making it anymore.”

Why should I have a property management company by my side?... One of many reasons

sales@hollandprop.com (Holland Properties) — Tue, 22 Mar 2022 15:58:32 GMT

Property Management Done Right

Emergencies occur when we least expect them. However, as an owner of a property, it is a risk that you have to be prepared for. There will be moments when you will receive calls from tenants asking for some sort of maintenance assistance. Everything will get resolved smoothly if you have the time to handle the particular situation but, What if you are on vacation? What if you don't live close to your property? What if this is your first time owning property and don't know how to go about getting things fixed?

There are several ways to keep everything under control, but the best way is to hire a property management company.

As a company, it is their responsibility to prevent emergencies. That is one of the main reasons why they schedule property reviews and visit the properties. That way they will be sure that everything is fine and that tenants are following the rules they signed. But, of course, some issues can't be controlled and that is when emergencies do happen. It is another of the company's responsibilities to figure out a way to solve the problem.

Having a property management company by your side means that you will never walk alone. Your property will always be taken care of professionally, your tenant will have someone to rely on and you can rest assured knowing that your property will be looked after. You'll have more time to deal with other matters, feel confident and relaxed when on vacation, and you don't even need to live in the same neighborhood or area to be checking on your property.

We, as Holland Properties, take this role very seriously. First of all, we schedule regular property reviews and we take care of your property as if it were our own. Also, we work close to tenants and that is one of the main reasons why everyone feels happy to work with us. We fix issues and at the same time we build trust with the tenants because here at Holland Properties we know that with a strong relationship it is easier to have everything set up in case of an emergency.

So, if you want a property management company by your side, please visit our website: www.hollandprop.com

Piñata Rewards are here!

sales@hollandprop.com (Holland Properties) — Mon, 14 Jun 2021 21:53:36 GMT

Piñata exclusive marketplace brings discounts and cash back offers on national and local brands that you love.

Home Warranty or Not

sales@hollandprop.com (Holland Properties) — Fri, 30 Apr 2021 22:43:05 GMT

Are Home Warranties a good idea for your rental

Home warranties might make sense for homeowners that want an easy way to take care of problems including not having to have a list of contractors at the ready or maintenance techs to do the easy stuff or maintenance coordinators to put all the pieces together. You however are hiring a property manager and that is exactly what good property managers do for you. Home warranty companies are in business to make a profit, do not give away part of your residential property investment profit to make a home warranty company wealthier.

Home warranty companies are notoriously difficult to work with, often refuse claims and rarely get things taken care of within the legal timelines. Sometimes warranty companies can not repair or replace in a timely manner and we may need to use an alternate vendor. Frequently warranty repair people can only provide a time frame (for example noon to 4pm) for an arrival time. In this case if the tenant can not be home we will still need to send a maintenance tech to the property to wait for them and you will be billed for our handyman's time. Using our pre-screened contractors you wont have double charges like that.

But do not just take our word for it do your own searches or check out these articles

https://www.investopedia.com/articles/mortgages-real-estate/11/home-warranty-worth-it.asp This one is from investopedia.

https://www.biggerpockets.com/forums/52/topics/715632-property-manager-home-warranty Steve Rozenberg's comments are extremely accurate.

Read the 4th comment on this page (as well as the rest of it) as this biggerpockets.com employee hit the nail on the head https://www.biggerpockets.com/forums/52/topics/477675-home-warranty-plans-yay-or-nay

We no longer work with home warranty companies for new properties and will phase out working with home warranty companies by the end of 2021 (now 2022 to give more time to cancel current contracts). Take the money you are paying or considering paying a home warranty company and put it in an emergency fund acct. In most every case you will come out ahead in the end...that's the bet the warranty companies are making too.

Our recognition as a veteran led company By Google

Fri, 30 Apr 2021 22:14:01 GMT

Google has become one of our main technology partners and recently we have been recognized as a veteran-led business with a special edition challenge coin.

Military challenge coins have been used since WWI and were issued to service men and women as symbols of recognition or unity.

We really appreciate the service of all veterans, especially to our director Sean for all the things he has done for the nation.

If you want to find out more of our partners and technology go in to our website and read more about them.

My home while COVID is here

sales@hollandprop.com (Holland Properties) — Tue, 06 Apr 2021 18:08:17 GMT

We used to have a place called “home”, it used to be our safe and comfortable place where we would hang out for the weekends and used it to sleep. This last year we have learned that our house is not just a 4 wall place it is more than that...it is a yard for bbq with our closest friends, it is a small cinema room to share popcorn and movies with our kids, it is a restaurant where the new chefs can learn new recipes, it is our office where a lot of new deals get closed and if you ask your kids, they might tell you that their home is a castle full of dreams.

It has been rough but also has been amazing because we have had the chance to enjoy family time, we have had the opportunity to see our plants grow, to enjoy the garden and all this is one of the main reasons why we should have everything in our home in great condition. If you are not sure whether it is time to do some maintenance or not, we can help you out! Use your mobile app to take a picture and report any problem areas that we can fix for you. We can be the perfect team; tenants and maintenance department, so the only thing you would have to do is sit back, enjoy the view and relax!

Find us on our web page: hollandprop.com

Turkey Baskets and Opportunity

Mon, 09 Nov 2020 22:01:51 GMT

Thanksgiving Basket update - we have had an amazing response from our investment property owners! You are a wonderfully generous group of people and we are appreciative that so many have jumped at this chance to partner with us to fill the need for a happy Thanksgiving for our tenants. We have started the list of tenant requests for help and will be able to help each and every one so far.

With change and challenge comes opportunity! If you are thinking about expanding your investment portfolio check out the list of properties currently available. You can find the link in under the owner tab titled current managed properties on the market. We know and like these properties and give them our endorsement as great choices for purchase.

Reminder that every month on or about the 15th you get 2 emails from us. The first tells you how much is deposited and the second has the link to your owner’s portal. If the deposit amount is not what you expected, don't call right away. Wait for the second email then click the link, sign in and you will be able to see the accounting for how the deposit amount was calculated.

From all of us at Holland Properties and Innovative Property Management thank you!!

Should I Rent or Sell

Thu, 08 Oct 2020 18:40:04 GMT

This is a common question when speaking to potential new clients. Everyone’s situation is different but I will start off by sharing one of my personal experiences. Years ago I worked as a private client banker for JPMorgan Chase, my clients were wealthy people. There was one common item among most of them and that is that they owned some sort of investment property; commercial, retail, farmland, industrial and mostly residential. That experience convinced me that the best way for a family to establish financial freedom is to own rental property.

If you do a quick search on the internet about renting vs selling residential property or reasons to rent vs sell or any number of search terms there are thousands of articles about the subject. A great place to start might be these three from renterswarehouse rockethomes and zillow .

Don't forget to talk to your tax professional as they will have valuable insight about your particular situation. As you do your research also consider that some markets will offer better cash flow (rent income vs asset cost) and some markets will offer better long term appreciation in exchange for lower cash flow. The Portland metro area is in the latter category. Renting a home here will typically give you great long term results at the expense of short term cash flow. Perfect if you are in your prime earning years now.

In summary my opinion is that long term wealth can be created with real estate investment. Rather than incurring expensive real estate transaction costs by constantly buying and selling homes, keep the home you already own. Eventually your home is paid off, rents have risen and you retire with all that extra income and the ability to sell a highly appreciated asset. We are experts at managing residential real estate and would like to be your partner in success.

What to look for when shopping for a rental

Fri, 25 Sep 2020 00:04:58 GMT

Some detail on the Portland Metro Area

There is a lot to look at when purchasing a property and trying to decide which home makes a great rental. The most simple piece of advice is to ask yourself "If I were a young family with kids where would I want to live?" 3 bedrooms 2 baths near a park and decent schools, maybe some public transportation and shopping nearby. But don’t limit yourself either.

The Portland metro area has about 750,000 housing units and about ⅓ of them, over 130,000 are rentals of all types; studios, apartments, townhomes, condos, single family etc. Currently there is a slight housing shortage in the area so there is a tenant for every home and every home will rent for the right price. So how do you determine price?

There are some companies that have a great deal of data, you have heard of them, Google, Facebook, Amazon but another is Zillow. Zillow has data on pretty much every home in the country. Practically every home for rent or sale is listed on Zillow, they know location, size, configuration, utilities, appliances, walk scores, school data and of course the asking price, therefore Zillow rent estimates are very accurate. But the moment the house is put on the market if there are 3 other similar houses in the neighborhood available for $150 less then that directly affects the price. Trust your Zillow rent estimate within a few hundred dollars one way or the other.

But...how long will it take to rent? Current vacancy rates in Portland Metro hover around 5% which is difficult to get below since there will always be some time between tenants; prepping, advertising, showing, and renting the property. If you have an attractive property priced right it will rent with a minimum amount of vacancy time. Usually once summer break is over the rental market is slower but this year (2020) with Covid-19 the market delayed moves and we are as busy as ever heading into October. 5% is an average though, condos in downtown Portland are staying vacant longer while there has been a flow of tenants to the suburbs during Covid-19 and the transition to work from home situations.

Another common question has to do with maintenance costs. As with anything you purchase, in most cases the newer the property the fewer problems and costs you will incur. If you purchase a 50 year old home you can expect much higher repair costs than if you bought brand new with a builder’s warranty. Of course if you limit what you are responsible for that will reduce your costs too. If you purchase a condo you won't have to worry about the cost of roofing or exterior painting or pressure washing sidewalks but you will instead have consistent HOA fees that cover those expenses. The choice is yours and depends solely on your risk tolerance. The West side of the Portland metro area has a wide choice of age and HOA properties to choose from.

Focus on the West side of town. Beaverton, Hillsboro and Cornelius are growing fast, there are great employment opportunities and plenty of wonderful investment homes. Happy shopping!

Our first Blog

Mon, 09 Mar 2020 21:59:48 GMT

This is our first try at creating amonthly blog cause we rock!

This is where all our awesome content will go

and more awesome content

and even more and more...

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What to Look for in a Property Management Company

5 key benefits of hiring a property management company

1. Local Market Expertise

2. Efficient Tenant Placement and Management

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3. Maintenance and Repair Coordination

4. Streamlined Rent Collection and Financial Reporting

5. Risk Mitigation

HOLLAND PROPERTIES INC

MAINTENANCE TIPS TO KEEP PROPERTY IN BEST CONDITION

Are you ready to elevate your property's condition and maximize its value? Essential maintenance tips to help you maintain your property in top-notch condition.

WHY SHOULD I ALLOW PETS ON MY PROPERTY

We understand that allowing pets at your investment is a tough decision. We totally get it, but after reading this blog you might feel more comfortable knowing what to do in order for that to be an option.

ACCIDENTS CAN HAPPEN BUT ALSO BE PREVENTED WHEN RENTING A PROPERTY

Best practices for your rental

Why should I screen tenants?

When owning a rental property, the first thing to be aware of is the fact that new tenants will be moving in, but how do you know which tenants are the correct ones?

What do property management companies do?

Why should I invest in real state?

Schedule your call with our experts!

Why should I have a property management company by my side?... One of many reasons

Property Management Done Right

Piñata Rewards are here!

Home Warranty or Not

Are Home Warranties a good idea for your rental

Our recognition as a veteran led company By Google

My home while COVID is here

Turkey Baskets and Opportunity

Should I Rent or Sell

What to look for when shopping for a rental

Some detail on the Portland Metro Area

Our first Blog

This is our first try at creating amonthly blog cause we rock!