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SPONSORED BY
multifamilynw.org
landlordology.com
cozy.co
SPEAKER
Lucas Hall
• Landlord, ~10 yrs
• Founder, Landlordology
• Chief Landlordologist
and Community Manager
@CozyCo
• 4 Properties / 17 Tenants
AGENDA
1. Essential Tips for Being a
Successful Landlord
2. OR & PDX Rental Laws
3. Guides & Resources
4. Q&A
#landlordologist
BY LUCAS HALL
ESSENTIAL TIPS
FOR BEING A
SUCCESSFUL LANDLORD
LISTINGS / SHOWINGS
1. Craigslist & Postlets are still #1
2. Pictures… Ohhh, Pretty!
3. Host a “Landlord’s Open House”
APPLICATIONS
1. Use online applications
2. SSN#, not required
3. Collect applications from all
adult occupants
SCREENING TENANTS
1. Able and willing to pay rent?
2. Ask; “would you rent to them again?”
3. Race, Color, Religion, Sex, National
Origin, Familial Status, Disability
4. Sex Offender is not a protected
class; www.nsopw.gov
DEPOSITS
1. Collect a deposit before a lease
2. Compensation for damages;
material or financial
3. Don’t commingle funds
LEASES
1. Use a rock-solid lease, stick to it
2. Every adult occupant signs the
lease with joint & several liability
3. Review entire lease w/
applicants & use e-signature
tools
MOVE-IN
1. Specify move-in/move-out times
2. Keys; no earlier than Day 1 of lease
3. Allow tenant to document condition
and perform inspection
4. $10 welcome gift w/ Day 1
essential items
COLLECTING RENT
1. Mandate online and automatic rent
payments
2. Charge hefty late fees
3. Set up an operating bank account
4. Don’t collect last month’s rent upfront
REPAIRS
1. Acknowledge requests within hours
2. “Call anytime”; be available via SMS
3. Give proper notice every time
4. Use a lockbox for trusted contractors
RENEWAL / MOVE-OUT
1. Require 60 day notice of non-renewal
on fixed-term leases
2. Don’t always raise the rent
3. Host showings 4-6 weeks out
4. Provide a “cleaning list”
RENTAL LAWS
OREGON RENTAL LAWS
1. Deposit Max: No Statute
2. Return Deposit: 31 days after move-out
& lease termination; w/ itemized receipts
Or. Rev. Stat. § 90.300 (13)
3. Wrongful Withholding: 2x amount
Or. Rev. Stat. § 90.300 (16)
4. Non-Refundable Fees: Prohibited
Or. Rev. Stat. § 90.302
OREGON RENTAL LAWS
5. Rent Grace Period: 4 days
Or. Rev. Stat. § 90.260 (1)
6. Late Fee: “Reasonable” one-time fee;
w/ daily fee no more than 6% of fee, OR
5% of rent every 5 days after the 5th.
Or. Rev. Stat. § 90.260 (1)(2)
7. Notice to Enter: 24 Hours
Or. Rev. Stat. § 90.322
OREGON RENTAL LAWS
8. Non-Payment: Cure or Quit within 144
hours after 5 days, 72 hours after 8 days
Or. Rev. Stat. § 90.394 (2)
9. Lease Violation: Cure or Quit within 30
days, 10 if pre-offender in last 6 months
Or. Rev. Stat. § 90.392
10.Discrimination: Oregon: Marital Status,
Sexual Orientation, Source of Income. PDX:
Age.
PORTLAND
1. Heating: At least 68 degrees
2. Basements & Attics: Need permits,
and 2 exits for each bdrm
3. Smoke Detectors: In each bdrm,
CO detectors within 15 ft of bdrm
4. Nuisance: Trash, Noise, Weeds
RESOURCES
GUIDES & RESOURCES
1. Oregon Landlord Tenant Laws
http://www.landlordology.com/oregon-landlord-tenant-laws/
2. The Landlord Guides
http://www.landlordology.com/landlord-guides
3. Portland Landlord Guide (pdf)
http://www.portlandoregon.gov/bds/article/96790
4. Portland Landlord Training
http://www.portlandoregon.gov/bds/28397
QUESTIONS?
landlordology.com/ask-lucas
!
© 2012-2014 Cozy Services Ltd. All rights reserved.
!
www.cozy.co
Essential Tips for Being a Successful Landlord - Portland - Oregon

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Essential Tips for Being a Successful Landlord - Portland - Oregon

  • 1.
  • 3. SPEAKER Lucas Hall • Landlord, ~10 yrs • Founder, Landlordology • Chief Landlordologist and Community Manager @CozyCo • 4 Properties / 17 Tenants
  • 4. AGENDA 1. Essential Tips for Being a Successful Landlord 2. OR & PDX Rental Laws 3. Guides & Resources 4. Q&A
  • 6. BY LUCAS HALL ESSENTIAL TIPS FOR BEING A SUCCESSFUL LANDLORD
  • 7. LISTINGS / SHOWINGS 1. Craigslist & Postlets are still #1 2. Pictures… Ohhh, Pretty! 3. Host a “Landlord’s Open House”
  • 8. APPLICATIONS 1. Use online applications 2. SSN#, not required 3. Collect applications from all adult occupants
  • 9. SCREENING TENANTS 1. Able and willing to pay rent? 2. Ask; “would you rent to them again?” 3. Race, Color, Religion, Sex, National Origin, Familial Status, Disability 4. Sex Offender is not a protected class; www.nsopw.gov
  • 10. DEPOSITS 1. Collect a deposit before a lease 2. Compensation for damages; material or financial 3. Don’t commingle funds
  • 11. LEASES 1. Use a rock-solid lease, stick to it 2. Every adult occupant signs the lease with joint & several liability 3. Review entire lease w/ applicants & use e-signature tools
  • 12. MOVE-IN 1. Specify move-in/move-out times 2. Keys; no earlier than Day 1 of lease 3. Allow tenant to document condition and perform inspection 4. $10 welcome gift w/ Day 1 essential items
  • 13. COLLECTING RENT 1. Mandate online and automatic rent payments 2. Charge hefty late fees 3. Set up an operating bank account 4. Don’t collect last month’s rent upfront
  • 14. REPAIRS 1. Acknowledge requests within hours 2. “Call anytime”; be available via SMS 3. Give proper notice every time 4. Use a lockbox for trusted contractors
  • 15. RENEWAL / MOVE-OUT 1. Require 60 day notice of non-renewal on fixed-term leases 2. Don’t always raise the rent 3. Host showings 4-6 weeks out 4. Provide a “cleaning list”
  • 17. OREGON RENTAL LAWS 1. Deposit Max: No Statute 2. Return Deposit: 31 days after move-out & lease termination; w/ itemized receipts Or. Rev. Stat. § 90.300 (13) 3. Wrongful Withholding: 2x amount Or. Rev. Stat. § 90.300 (16) 4. Non-Refundable Fees: Prohibited Or. Rev. Stat. § 90.302
  • 18. OREGON RENTAL LAWS 5. Rent Grace Period: 4 days Or. Rev. Stat. § 90.260 (1) 6. Late Fee: “Reasonable” one-time fee; w/ daily fee no more than 6% of fee, OR 5% of rent every 5 days after the 5th. Or. Rev. Stat. § 90.260 (1)(2) 7. Notice to Enter: 24 Hours Or. Rev. Stat. § 90.322
  • 19. OREGON RENTAL LAWS 8. Non-Payment: Cure or Quit within 144 hours after 5 days, 72 hours after 8 days Or. Rev. Stat. § 90.394 (2) 9. Lease Violation: Cure or Quit within 30 days, 10 if pre-offender in last 6 months Or. Rev. Stat. § 90.392 10.Discrimination: Oregon: Marital Status, Sexual Orientation, Source of Income. PDX: Age.
  • 20. PORTLAND 1. Heating: At least 68 degrees 2. Basements & Attics: Need permits, and 2 exits for each bdrm 3. Smoke Detectors: In each bdrm, CO detectors within 15 ft of bdrm 4. Nuisance: Trash, Noise, Weeds
  • 22. GUIDES & RESOURCES 1. Oregon Landlord Tenant Laws http://www.landlordology.com/oregon-landlord-tenant-laws/ 2. The Landlord Guides http://www.landlordology.com/landlord-guides 3. Portland Landlord Guide (pdf) http://www.portlandoregon.gov/bds/article/96790 4. Portland Landlord Training http://www.portlandoregon.gov/bds/28397
  • 24. ! © 2012-2014 Cozy Services Ltd. All rights reserved. ! www.cozy.co