Blog

Rental Property Owners: Pros and Cons of Portland’s New Rental Security Deposit Rules

By Erlin Taylor Wednesday, July 29, 2020

The City of Portland recently passed the FAIR (Fair Access in Renting) Act, which included revisions to rental security deposit rules on rentals within the city limits. The new ordinance governs how much landlords can collect for tenant security deposits and how those f...

Reassess Rent Rates to Account for COVID-19 Impact

By Erlin Taylor Wednesday, July 15, 2020

With the Portland rental market in flux thanks to new city ordinances and the impact of the COVID-19 pandemic, now may not seem like the right time to reassess how much rent to charge on your rental property investment. However, with unemployment in Oregon reaching a record 14.2%...

How to Proceed with Violations and Evictions During COVID-19 Crisis

By Erlin Taylor Friday, June 12, 2020

The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. The rental property investment industry has gone through unpre...

Keep your rental property in its best shape with these 4 tips

By Erlin Taylor Monday, February 24, 2020

A rental property is a great investment because it both appreciates in value and generates monthly revenue. However, that’s not to say that owning a rental property isn’t a lot of work. Without the right maintenance and upkeep, you’ll find that repair costs eat ...

Here are the 5 most cost-effective ways to increase your rental’s value

By Erlin Taylor Monday, February 10, 2020

If you own a rental property, you should take a serious look at investing in it this year. By putting some of your revenue back into the property, you can both boost its value and make it more attractive to prospective renters at a higher rent. In this article, we’ll discus...

Mitigate Your Landlord Liability Issues

By Erlin Taylor Monday, September 30, 2019

Landlord liability issues come with the territory of property ownership. We at illume Property Management stay up to date with real estate and rental law to minimize your risks so that you can concentrate on reaping the rewards. Here are some common landlord liability issues that...

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...