Investors who live out of the country are drawn to the Portland real estate market because of its outstanding opportunities and reliable tenant pool. The investment properties in this market are more affordable than in other west coast cities, and more people are moving into Portland, contributing to economic growth and a high quality of life.
At Performance Properties, we work with a lot of investors who are living outside of the country. We understand the unique needs of these investors and the importance of consistent systems and high quality communication.
Here are some of the reasons you’ll want to hire a Portland property management company as an investor who is out of the country.
Strategic Marketing and Leasing Avoids Vacancy
Long vacancies are expensive. It’s important to rent your property quickly, for the highest possible rent and to the most qualified tenant. This is easy for a local management company that understands the market. With our strategic online advertising and showing system, we can attract a lot of attention for your property, and make sure your vacancy days are limited.
Investors who live outside of the country often aren’t sure about what the current Portland rental market demands in terms of rental values. We will price your property competitively and take care of showing it to prospective tenants. Our leasing experience is efficient and hassle-free. The tenants we place are reliable, responsible, and can provide outstanding references from former landlords. We screen for tenants who pay rent on time and they take care of your home.
Our team collects the move-in funds, conducts a thorough inspection to effectively document the condition of your home, and executes the lease. Investors who are out of the country can easily access the signed lease agreement and review the inspection report and photos through our online portal.
State, Local and Federal Laws You Need to Know
It’s easy to make a legal mistake when you’re renting out property, and that risk is even higher when you’re renting out a home from another country. Investors outside of the country can’t be expected to keep up with all the local fair housing laws, eviction requirements, and security deposit standards. We take care of keeping your property in compliance and staying on top of the constantly changing laws.
Maintaining Your Portland Rental Investment
There’s not much you can do for a tenant who calls to report a problem in the middle of the night when you’re living halfway around the world. You need a responsive and accessible local management team.
We are available to your tenants 24 hours a day, and we respond to emergencies promptly. Our immediate response provides you and your tenants with peace of mind. We work hard with our team of outstanding local vendors to get the problem taken care of right away, thus mitigating any further damage to your investment.
Communication and Technology for Owners Out of the Country
We invest in great technology, which allows us to make communication a priority. You’ll be able to reach us through your online portal no matter what time it is in your country. You can send messages, review accounting statements, and ask questions about reports and invoices.
We are here to make the investment process as stress-free as possible for all of our investors living outside of the country. To learn more, contact us at Performance Properties.