Apartment Building Investors beware: Important changes coming to Oregon landlord-tenant laws.

Cliff Hockley over at Bluestone & Hockley has the details on upcoming changes that apartment building investors should be aware of regarding their Oregon properties. A few bullet points, changes affect:

  • Screening of Section 8 and Section 42 tenants.
  • The establishment of a fund to offset damages caused by Section 8 tenancies.
  • Renter’s insurance can be required but…
  • Limits on tenant screening for evictions and arrest records.
  • Timing of notice periods.
  • Temporary occupancy.
  • Abandonment.
  • Plus: a good definition of ‘Person Crimes.’

Portland Oregon Apartments

See Cliff’s whole report here: A Review of the Legislative Changes to the Oregon Landlord Tenant Act and to Section 8 Tenancies

Continue reading Apartment Building Investors beware: Important changes coming to Oregon landlord-tenant laws.

Portland unemployment drops to lowest in 3 yrs. Good for #Multifamily Via @hfo_apt_brokers

The Oregonian reports data from the state employment department about the Portland-area’s unemployment level falling to 8.6 percent, its lowest in three years.

Meanwhile, most people are still unaware of a report issued last month by the Oregon Employment Department forecasting an 18 percent increase in employment statewide in the coming decade. See the post here: http://bit.ly/yxMb1y

Thanks to Greg Frick at HFO in PDX