Portland Rental Property Owner FAQs

If you’re looking for additional reasons to work with us, or answers to the most frequently asked questions we hear from Portland rental property owners, you’ve come to the right place. If you don’t see your question answered – reach out to us. We’re always happy to help.

Why Work with Performance Properties, Inc.?

10 reasons why you need to use Performance Properties for your property management needs:

  1. So you don’t have to show the property to potential tenants.
  2. So you don’t have to do background or credit checks and tell the applicant they’ve been denied.
  3. So you don’t have to collect the rent every month.
  4. So you don’t have to handle any evictions.
  5. So you don’t have to be the referee between two tenant neighbors who are fighting.
  6. So you aren’t woken up in the middle of the night with an emergency call.
  7. So you don’t have to do walk throughs (we do annual inspections).
  8. So you don’t have to know all the current real estate laws and stay on top of all the changes.
  9. Because you need to find something to do with the extra time and money you’re going to save. Like acquiring new properties – not managing them.

Frequently Asked Questions

Q: What kinds of properties make good monthly rentals?

A: Most requests are for homes that have between 2 and 4 bedrooms. We also have a lot of requests for two to three bedroom units in small plexes that have a garage.

Q: What kind of vacancy time can I expect?

A: It really depends on the competitive price of the rental, the location, and the market. The average vacancy factor in Portland for a single-family home is usually 5 to 6 percent.

Q: How long does it take to rent a home?

A: It really depends on the time of year as well as price, location, and market. We usually tell our clients to expect it to take 6 to 8 weeks to find a tenant in the winter months and 2 to 4 weeks in the summer months.

Q: How do we set a rental price for the home?

A: We compare your home with others we have in our inventory with the same amenities. We also look at what homes are available now which are comparable to yours and we look at market conditions to determine a rental price.

Q: When do we receive our rental proceeds?

A: We deposit or mail your rental proceeds so that you receive them no later than the 25th of each month.

Q: How much security deposit does PPI collect?

A: We collect one months rent in most cases. However, if the home is in the city of Portland, security deposit could vary. Please call us for additional information.

Q: What is PPIs pet policy?

A: That depends on the owner’s wishes. Most of our properties do allow pets as about 70-80% of the population owns a pet. We take additional pet rent for dogs and cats. We take liability into consideration and do not allow certain breeds of dogs that could potentially be vicious. If you do not wish to allow a pet, we do want you to be aware that your vacancy time will increase by several weeks. However, it is important to note that pets with the “service animal” designation must be accepted without a security deposit.

Q: Who does the maintenance on my property? Can I use my own contractor?

A: Our tenants contact us to report any repairs that are needed. We have a staff of skilled maintenance technicians who can handle most of the repairs necessary on a home. However, if the repair is outside our scope of capability, we have a list of vendors who specialize in different maintenance areas whom we can call for repairs. You can certainly choose to use your own contractor if you are more comfortable with that.

Q: What happens if you have to evict a tenant?

A: We use a service that files our paperwork with the courts and makes our first court appearance. After the first court appearance we handle the follow through with removal of the tenant if necessary.

Q: What to Expect When You're New

Locations

Areas We Serve

COUNTIES:

Clackamas County, Multnomah County, Washington County.

CITIES:

Portland, West Linn, Lake Oswego, Wilsonville, Milwaukie, Oregon City, Clackamas, Tualatin, Tigard, Beaverton, Aloha, Sherwood, St. Johns, Hillsboro, Gresham, Troutdale, Sandy, Canby, Estacada, Newberg, Damascus, Aurora, Hubbard, Woodburn, Gervais, Mulin, Molalla, Colton, Needy, and Salem.

Read What Our Clients Are Saying About Us

4.8/5
4.8 /5
192 Reviews

Google
5.0/5
Nov 22, 2021
Google Performance Properties, Inc. Gerald
PPI has been managing my rental properties since 2012. They are professional, Good accounting and statements monthly, Good customer Service for my renters, prompt repairs and replacement prices are good, Maintenance is fair, prompt leasing and keeps rents up to market, and current on Oregon Rental law.
Google
5.0/5
Nov 12, 2021
Google Performance Properties, Inc. Summer
Performance Properties, Inc. is one of the best management companies I have rented from. Specifically, PM Erica Leonard, went above and beyond for us at all times. I believe this company and Ms. Leonard to be highly communicative; everyone I have spoken to even in the beginning application process was so helpful. Just hands down great job for the last 1.5 years. The only reason we don't get to use their service is our duplex was sold! When it is time to move, I will definitely be looking for properties to rent from Performance Properties because I know what I am getting. And if PM Erica Leonard is who you get, you will be so happy and have no worries. Thanks Performance Properties! Summer
Google
5.0/5
Nov 5, 2021
Google Performance Properties, Inc. Janelle
First of all...I LOVE Sonja because whenever I have to call to discuss anything, she's always right there and helpful! She takes GREAT care of the tenants. Everyone who works on this staff is very friendly and always so helpful. They are responsive and communicate great too. I've lived in my building since 2015 and since Performance Properties Inc has taken over, Zach...the whole team...has been AWESOME!!! They truly got rid of all the tenants that were super sketchy and now, every tenant that lives in my building, on each of the 3 floors are such great tenants. I feel very safe now living in this building. Thank you Performance Properties! -Janelle
Google
5.0/5
Oct 23, 2021
Google Performance Properties, Inc. Nikki
In a time when customer service can be a lost art I have to say that Performance properties has been nothing short of amazing! They are ,quick, efficient professional and kind . They create a great experience for any renter. Thank you performance properties!
Google
5.0/5
Oct 9, 2021
Google Performance Properties, Inc. Tracy
Erica was wonderful to work with.