Hey all,
This blog is to answer any landlord questions in the state of Oregon. We participate in a free forum for landlords monthly. Questions can be answered here as well as topics for future Landlord Study Hall sessions can be posted here as well. Thanks for posting.
I am a landlord with 8.5 total properties in Oregon and I am working on my first development project. I will probably not be able to retain ownership of any of the units (it will be condo's), but I am going to try to if I can. If I can do so I will keep 1 or 2 units on the ground level and keep them retail storefront.
About Me
- Landlord Study Hall Moderator
- Kathryn King, Realtor & Landlord Oregon & Washington I hold a bachelor degree in both Communications and Psychology from Portland State University. I have been in business since 1998, and am a full service listing and selling Realtor. I have advanced expertise in buying and selling homes, being a landlord, landlord tenant law, and the building of solid real estate portfolios. I own single family residences, duplexes, and small commercial properties in Portland and Prineville. My company hosts the popular "Landlord Study Hall," a community forum that helps landlords be more effective and lawful. The group has a loyal and growing following. I am available to speak to groups of 10 or more on various real estate topics. Please contact me directly for a professional vitae at kathryn@kjkproperties.com. Office: 503.772.8825 Cell: 503.997.9035 Fax: 503.772.0351 Email: kathryn@kjkproperties.com Efax:425-955-9035
3 comments:
Last week we had legislative updates to the landlord tenant law in Oregon as a topic. 58 people attended, that is our biggest ever.
Vacancy rate has been dropping. That has been a very welcome thing for property owners. We are hearing less complaints from the members of the group about tenants.
Next month our topic is tax strategies for lowering what you owe Uncle Sam! I am a fan of that.
Thursday we had our first every "Your Money and Your Life Community Wealth Management Forum." It was really insightful. I enjoyed the speaker, who talked about the "why" behind our investments and how we spend our money. The rest of the year we will dive in to the "how." I am excited to hear some of the speakers and learn some effective money tools for my own life.
Oh I have a correction.
February 14th Your Money and Your Life will feature Michael Davidson from A & E Tax Service talking about taxation.
February 13th Landlord Study Hall will have a panel of 4 experts, 2 attorneys and two private firms, talking about Evictions.
The group meets locally in Portland Oregon, email me for info.
I have been listening to the state of the nation's economic climate on the radio and news, and it is stressing to me. I was in the stock market when it took a dive back in early 2000 and am in it again now as I watch the values drop. The interesting thing is that the real estate market gets looped in to this on a national level in the media, yet when I am out shopping for my clients I cannot find the same houses in the same neighborhoods at the same prices of even a year and a half ago here. It makes me wonder what is going on in the media at least here locally. I used to be able to get clients good houses in decent neighborhoods for around $275,000 or less and now I am lucky if I can get them the same house in a worse neighborhood and they are having to put down a much larger down payment.
I have tried to move clients into more creative investments like houses that have lots that can be partitioned. There isn't that much comfort level there for the average starter investor, and yet there is far less reward on the money by buying the standard rental here any longer.
I have seen some sellers in desperate situations here, and a significant amount of negotiation happening by Portland standards.
For myself, I am going to put money aside for another real estate investment of some sort. It has paid me back far better than the stock market ever did. It is easier to learn and easier to keep an eye on in an investment sense. I might look over in Washington to see if there are good bargains there, they have more houses to sell.
What do you think about the economy, the stock market, the real estate market? How are you investing, or are you?
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