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AJ Shepard | How to Invest in US Real Estate as a Foreign Inves Blog

Thursday, August 6, 2020   /   by AJ Shepard

Navigating Property Management

Nicole Corwin:
So we're going to talk about navigating property management. The key topics we're going to be discussing are, well, why use a property management company, the benefits and the highlights of a property management contract.
Nicole Corwin:
Okay. So key aspects of using a property management company. Four main parts, tenant placement. So instead of a homeowner just posting on Craigslist, a property management company is an expert at finding and screening tenants for the property. We have a four part screening process, and we really try and get the best tenants possible for the properties.
Nicole Corwin:
Maintenance requests. Instead of a tenant calling the home owner and saying, "Hey, come and fix our light bulb or our leaky toilet," those property owners can rest easy knowing that we have an on-staff crew that's able to quickly take care of the issues. All of our maintenance requests are done via AppFolio. And so we have written record of all of that as well, whi ...

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Thursday, July 2, 2020   /   by AJ Shepard

Westside Investors Network: Navigating Negotiations

Join the Westside Investors Network as Matt Williams presents his view on the art of Navigating Negotiations. 
Matt served as the 2015 National Association of Residential Property Managers’ (NARPM®), Portland-Chapter President and earned his Residential Management Professional (RMP®) designation through this national association. Matt also earned his Certified Apartment Manager (CAM®) designation in 2015 through the National Apartment Association (NAA®). He also served as the Legislative Chair for NARPM’s Portland chapter in 2016 and 2017. 
He speaks to groups within the industry on topics such as business development, professionalism, marketing, and industry differentiation. Matt also teaches classes and seminars on Oregon Landlord/Tenant Law and market conditions to cooperating Realtors, Brokerages and the public. 
Being the real estate specialist in the industry has proven extremely valuable for Matt’s clients. There ar ...

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Friday, June 26, 2020   /   by AJ Shepard

PMAR Forms

Speaker 1:
Sounds good. All right, so as you guys know, I took the PMAR class, it's about an hour and a half long, on the new forms. By new forms, I mean the changes to the old forms. There are some pretty significant changes, and then there are just, kind of, terminology changes. This is the samples of the new forms that are coming out officially tomorrow. So this is the residential sale agreement. Not a ton of changes in the first couple of pages, but going down, there's... Under fire representation regarding financing, it now says, "Buyer shall request the ordering of the lender's appraisal no later than expiration with the inspection period". That's just a minor change, but it is fairly significant. Just a little bit more strict on, you have to get that requested by the end of the inspection period. It used to say, "shall make a good faith effort to secure." And that's just a little bit more specific.
I'm scrolling through here. The changes are highlighted in yellow, so we ...

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Monday, June 15, 2020   /   by AJ Shepard

PM Bootcamp Ep. 3: Leasing Process

Chris:
Okay. This is Property Management Bootcamp, episode number three. Today we are talking about the leasing process and I've got Taylor here and we are going to talk about what happens right before, during and after we market a property for rent and the things that we need to be aware of.
Taylor:
Yeah. Well, the leasing process starts when we receive a rent-ready or almost rent-ready unit, property, townhouse, et cetera. The next step is to communicate with the owner, find out what their goals are going forward. This is going to impact how we develop marketing, how we write some of the marketing copy. The very next step, in culmination at the same time, is to schedule professional photos of the property. This will also help document the property and its state.
Chris:
The professional photos, this touches on one of the most important aspects of the leasing process, which is the prospective tenants first impression. Generally, the first impression that a prospective te ...

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Friday, June 12, 2020   /   by AJ Shepard

The Short Term Rental Market In Portland

Fritz:
All right. I'm here to talk to you guys about the short term rentals market in Portland. They've recently done some stuff that has made it a little more difficult for short-term hosts to lease their property. They're starting to crack down some stuff, so let's take a look. Go to the next slide, please.

So Portland, they are now requiring all short-term rentals to acquire a mandatory permit for people who rent out their homes for less than 30 days. It's considered a short-term rental if you are leasing it for less than 30 days. And they originally had tried to pass this permit law in 2014, which we'll take a look at. It didn't work out.

Why are they trying to make the permit necessary? There's an affordable housing deficit in Portland. Basically, I'll get into this later, but short-term housing is... You can get a lot higher rates. It's a lot less maintenance, less property management. Why wouldn't you do that as opposed to just leasing? Why would you rent out your h ...

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Uptown Properties
Chris Shepard
3526 SW Troy
Portland, OR 97219
503-941-0276
Fairway Independent Mortgage Corporation
Mike Maier
5410 SW Macadam Ave, Ste 100
Portland, OR 97239
503-545-9879

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