In so many ways, the Rogue Valley attracts’ the interest of many people from around the world, and there are days when it seems they all want to live here!
As a property owner, one of the most basic concerns expressed is, who wants to live in my house, and will it be ok?
This is just one of the many areas where a property manager can help!
Licensing is required in Oregon for about any activity someone does for you if you own rental property, collecting rent, showing, and many acts someone would do for you as the owner.. so consider carefully.. the exposure in having someone say or do the wrong thing in representing you!
So be sure to ask to see an Oregon property management license.
The complete operation of residential, real estate is what a residential property manager does.
Handling the needed people, systems and processes to manage properties which would include the control, accountability, maintenance, disposition and utilization of it is some of what this profession and activity entails.
The roles undertaken in property management include operating on the landlord’s behalf
( a fiduciary responsibility under Oregon law) and acting as liaison between landlord and tenant.
Classic provides among it’s services:
"Personal services to owners and tenants":
As a one person practice, I have first name contact with both clients and residents throughout each month.
Satisfying, yes... and interesting.. now if I could just figure out how to be 2 places at once... !!
For the property owner, ‘Personal services’ means among many things, a firm that can take care of most aspects of their property including deposits to your account, and on a one on one basis...
I’m the guy who answers the phone... and does the screening and the myriad of other things that are necessary and required by government, that most home owners don’t or cannot do..
For the resident, 'Personal services' means an approach to the rental relationship that encourages a sense of home, not us vs them.. As the owner it is your house... but you have given the resident a home..
Communication:
Being a sole proprietor, communication is essential. I maintain a 24-hour telephone, of course email and a website. When I am out, messages are forwarded, for a response to you as distance and time allows.
Marketing and advise:
Many of my clients have an emotional connection with the house, perhaps it is the family home, or where the ‘kids’ grew up. Having your 'home' for rent is also a business, it certainly should give you a return on investment, in some fashion.
Marketing, using both traditional and nontraditional methods, when it is available to rent, means a wider array of folks who may be interested in your home, as you were when you bought it!
Who may be the best choice as a tenant and less turn over in tenants, both of these are the results of good marketing in addition, extensive interviewing and screening, thus giving a better perspective on that choice.
Marketing advise also comes from long associations in this business, local, statewide and national, primarily thru professional associations, business, contacts, and with council. Additionally practical experience adds to what advise may be the best. While not legal advice, it may be shared with owner and tenant alike, just as in any business, communication is a key.
Management services also market your property and do thorough screenings on prospective tenants to mitigate the chances of a tenant being a problem in the future as just one of the functions of management.
This is especially ideal for those who indulge in investment in real estate since they would have someone else to keep up with the myriad laws in city to the Federal level.
Repairs and Maintenance:
Timely and cost effective maintenance as well as preventive maintenance considerations are another key factor.
I use locally owned firms who guarantee their work.
Legal advisory:
As the laws change and courts decisions affect those laws, our agreements, forms, documents, and procedures, are reviewed and updated. This is an ongoing process attempting to protect all parties and reducing liabilities to them as well. I use several firms specializing in Oregon and Federal 'Landlord & Tenant' law, as council.
Issues with regards to litigation may also involve the property manager, with a specialized attorney as associated with the property manager, in many instances, who has expertise in land use and landlord tenant law in Oregon.
This is why property managers normally have attorneys associated with them and since property managers most often deal with legal issues that would most commonly include contract law, non-payment, harassment, evictions, and other such occurrences that are commonplace in property management.
Property management services handle the real estate and typically minimize your exposure or liability and maximize your return through a number of methods.
Associations:
Income property associations are one of the essential links in keeping current on legislation's, both pending and changing, trends for demographics and continuing education and management skills as well.
Classic Property Management is also a member of the Ashland Chamber of Commerce.
My hope is that this brief description has been of help and I invite you to call or contact me so we may discuss your property.
With my best regards Ev