Blog

5 Tips for Retaining Your Best Residents

By Erlin Taylor Monday, September 23, 2019

Resident retention is an important component of successful property management. The cost of replacing quality residents can run up to five times (or more) the cost of keeping them – think advertising, cleaning, and lost revenue from an empty unit – and a long-time re...

How Much Should You Charge for your Rental?

By Erlin Taylor Monday, September 16, 2019

Tenant Screening: It’s more complex than you might think!

By Erlin Taylor Monday, September 9, 2019

There are a multitude of tenant screening services to choose from with varying levels of accuracy. Some tout “Instant Credit Reports” which can provide you with “false positives”. For example, information on an entirely different person with the same name...

Making Your Property More Attractive to Baby Boomers

By Erlin Taylor Monday, September 2, 2019

One of the latest trends that illume Property Management has tracked is the growing need for properties to attract the Baby Boomer generation, which accounted for 58.6% of the net increase in renter households from 2006-2016. A Trulia study showed nearly an even split among the 5...

Top 6 Amenities to make your Multi-Family Rental Property More Appealing

By Erlin Taylor Monday, August 19, 2019

The Portland rental market is very competitive – adding some amenities will go a long way to enhancing your property’s marketability:Bike storage: Cater to tenants who are part of the bicycle revolution by providing bike stations for parking and storage.Co...

Baby Boomers are Simplifying Their Life and Downsizing and This Effects their Housing Choices

By Erlin Taylor Thursday, August 15, 2019

One of the most recent trends in multi-family rental property management sees couples downsizing from their family home. For example, the National Multifamily Housing Council recently released a report indicating that baby boomers will be responsible for 60% of the increase in a...

Attracting Millennial Renters Requires New Tactics

By Erlin Taylor Friday, May 10, 2019

Appealing to millennial renters’ tastes challenges even the best property managers. Needless to say, the old method of staging, designing, or promoting your property no longer works with this unique demographic.More and more, illume Property Management finds that renters se...

Timely Maintenance Surveys Save You Time and Money

By Erlin Taylor Friday, May 3, 2019

One of the biggest expenses that property owners face annually is maintaining their property. Having to fix issues that crop up over the year can take up valuable time and money that otherwise can be spent investing on your business.Performing timely maintenance surveys and fixi...

The Six Top Amenities you should add to your Rental Property to Make it More Attractive to Renters.

By Erlin Taylor Monday, January 7, 2019

You’re thinking about making some upgrades to your multifamily rental property to enhance its marketability in the competitive Portland market.illume Property Management is up on the trends regarding which amenities provide the biggest bang for your investment buck. Here ar...

Taking the Guesswork out of how Much to Charge for your Rental.

By Erlin Taylor Monday, November 26, 2018

When it comes to managing your property, determining what rent to charge can make or break your investment.Fortunately, Illume Property Management takes the guesswork out of this task. We’ve introduced a free rental analysis calculator on our website that takes these factor...