September 2019
Misrepresenting a Pet as a Service Animal Will Soon Be a Crime in Alabama Beginning in September, anyone who attempts to pass off their pet as a service animal in the state could be facing misdemeanor charges. “Making false claims will be a Class C misdemeanor resulting in a $100 fine and 100 hours of community service to be performed with an organization that serves people with disabilities or one approved by the court,” AL.com reported on Wednesday. The new law will take effect on the first of next month and poses strict regulations to what types of animals count as service animals. Emotional support animals, for example, will not be classified as a service animal. The law is very explicit when delineating what constitutes a service animal, sating that “a service animal may not be a pet,” but must be trained to “do work or perform tasks that benefit a person with a disability.” The only animals that qualify as service animals are a dog (though the dog’s breed
is not restricted) or a miniature horse, the outlet said. Service animals may be “a guide dog for someone with visual impairments or an animal trained to provide help to someone with post traumatic stress disorder.” According to the law, signs posted in public will read: “Service animals are welcome. It is illegal for a person to misrepresent an animal in that person’s possession as a service animal. Alabama will be joining 24 other states in the US that make misrepresenting a pet as a service animal a crime, with all violations classified as “misdemeanor offenses or civil infractions,” according to Michigan State University’s Animal Legal and Historical Center. In California, violators can face up to six months of jail time and/or a fine of up to $1,000. Credit: People, Ashley Boucher, 15 August 2019, https://bit.ly/2UkhoBl
Get Your “Bachelor’s Degree” in Landlording this Saturday! This full-day class taught by Christian Bryant will teach you everything the average landlord needs to know to follow Oregon laws and to minimize your losses from “bad” tenants. The first half of the day includes everything from marketing, move-in, leasing paperwork, inspections, move-out, and final accounting. The second half goes through an in depth education on all possible tenant violations and what a landlord can do about each. Register at northwestreia.com. Cost: $100 for members; $150 for nonmembers | Date: Saturday, Sept. 7, 9 AM—4 PM | Location: DoubleTree Hotel, Lloyd Center
Main Meeting: Landlord/Tenant Law Update Thursday, Sept. 5, 6:30 PM Landlording Workshop Saturday, Sept. 7, 9:00 AM
The DoubleTree Hotel, 1000 NE Multnomah St., Portland Rental Property Investing Tuesday, Sept. 10, 6:30 PM Lake Oswego Adult Comm. Ctr 505 G. Avenue Lake Oswego Canceled: Financial Freedom for Women Sept. 11, 12—2:00 PM
Salem Round Table Thursday, Sept. 12, 6:00 PM
Salem First Baptist Church, Room 422, 395 Marion St. NE, Salem
Deal Analysis and Discussion Thursday, Sept. 19, 6:30 PM Round Table Pizza, 10070 SW Barbur Blvd., Portland Vancouver and North Metro Meeting Monday, Sept. 23, 6:30 PM 13009 NE Hwy 99 Vancouver, WA Pre/Post Foreclosure and Legal Discussion Tuesday, Sept. 24, 6:30 PM Round Table Pizza, 10070 SW Barbur Blvd., Portland Cashflow 101 Game Night Thursday, Sept. 26, 6:30 PM Round Table Pizza, 10150 SW Beaverton-Hillsdale Hwy, Beaverton Main Meeting and Workshop: Cash in a Flash Foreclosure Summit Thursday, Oct. 3, 6:30 PM Sat. & Sun., October 5-6 9 AM—5 PM The DoubleTree Hotel, 1000 NE Multnomah St., Portland
1
December September 20182019
Portland City Council OKs yearly $60 per unit landlord fee Portland’s mayor and commissioners on Wednesday adopted an annual $60 per unit fee for landlords, saying the charge is necessary to collect better data about the city’s rental market but igniting fears the cost would be passed down to tenants. The fee is to help fund the city’s renter services office, according to a government analysis. The office, stationed within the Portland Housing Bureau, enforces fair-housing laws, mediates landlordtenant disputes and maintains a registry of rental units. That registry is a key initiative that officials such as Mayor Ted Wheeler say is important to inform city housing policy. The cost of living in Portland has escalated in recent years, leading the Council to declare an emergency and pass “tenant protection” laws. The City Council first approved the registry last year, but there was no fee attached and landlords’ compliance by noting their rental units on tax documents was optional. More than 17,100 units have been registered under the voluntary scheme and thousands more registrations are pending, said Heather Hafer, a spokeswoman for the city Office of Management and Finance. Housing officials estimate there are at least 121,000 apartments and rental
Upgrade your FREE website to a Premium website!
homes citywide. Of those, at least 20,000 will be exempt from the new fee because they are government-owned or regulated affordable units. The remaining units are expected to generate as much as $3.9 million a year for the renter office. During a hearing last week, Wheeler said it was unusual that Portland did not already have a rental registration fee already and that the city was “behind the curve.” West Coast cities such as Seattle, San Diego and even Gresham have a similar fee, but instead of funding data collection it may also be put to use paying for building inspections of apartments and other functions. Portland’s fee will also hit big landlords differently than mom-and-pop operations. A 200-unit property in Seattle costs $575 per year to register under a $175 base charge plus $2 per unit. The same building will cost $12,000 a year to register in Portland.
Premium Websites Include: •
Multiple themes to choose from
•
Standard forms and reports
•
Listing properties
•
Five (5) lead credits
•
Customization
•
Management features
•
Custom side content
•
Add YouTube video
Add custom side content
Featured tools
Seller net sheet
Repair estimate worksheet
Offer Generator Wizard
Printable scope of work
During last week’s hearing, several landlords testified to the City Council that the fee would cause them to raise rents or forgo hiring maintenance employees.
•
On Wednesday, the Council voted 3-1 to approve the fee with Commissioner Amanda Fritz opposed and Commission-
Upgrade at https://bit.ly/2S7uK66
NO external ads See a sample HERE.
Northwest REIA Member Pricing: $397.00 set-up $29.95 monthly fee
2
September December2019 2018
Ty Rothenberger 503-319-2620 tyr@veristonemortgage.com Brandon McGraw—President bmcgraw@equitypropertysolutions.org Trevor Kitchen—VP of Operations tkitchen@equitypropertysolutions.org Donna McGraw—VP of Customer Relations dmcgraw@equitypropertysolutions.org
er Jo Ann Hardesty absent. Fritz said she supports the rental registry concept, but could not vote for it because of “additional regulations we’ve put on landlords,” hinting at policies enacted during Wheeler’s term that restrict how landlords vet tenants, require payment of tenant relocation costs in some cases and compel construction of affordable units in large developments. Also factoring into Fritz’s decision was the fact that the fee, which she called “regressive,” will not pay for inspections of all rentals and does not exempt very low-rent mobile home parks. Wheeler said he was “pleased” to adopt the fee, which he called “a priority of mine since I took office.” "Quality data is something that both landlords and developers and tenants’ rights organizations have requested,” the mayor said. “This is the way we help fund the program to do that.”
Credit: OregonLive, Mark Graves, 7 Aug. 2019, https://bit.ly/2ZDMlkY
The top 5 markets for multifamily rents The national average for cost of rent rose $3 in July from the prior month to $1,469 according to Yardi Matrix. That's a gain of 3.4% from a year earlier, the real estate data firm said. Yardi Matrix ranked the top five markets for multifamily rent growth, based on the percent change in rent growth. These metros have two things in common: a solid job market and steady population growth. No. 1 is Pensacola, Florida, with a whopping 9.1% change in rent from July 2018 to July 2019. According to Yardi Matrix, this metro has a healthy job sector, contributing to positive population growth. Developers are forecasted to complete more than 2,000 units this year. Rent increased to a record of $1,178 this July. Wilmington, North Carolina came in No. 2, another metro with a strong job market and population growth. This metro climbed three spots, as it was ranked No. 5 in the first quarter report.
Rent prices went up 8.1%. The third largest metro for rent growth is Las Vegas, Nevada, where the average price of rent went up 8%. The other large metro, Phoenix, Arizona, remains ranked No. 4 on this list, and is also one of the top markets for multifamily deliveries. Developers completed 5,355 apartments through July, with rents rising 7.1%. With average rent at $1,171, it still remains well below the national average, Yardi Matrix said. Boise, Idaho sits last at No. 5, with rents rising 7.1%. The average rent cost is $1,176, 19.9% lower than the national average.
See graphic on following page... 3
December September 2018 2019
Continued from “The top 5 markets…”
Eric Larson | President Northwest Private Lending
eric@nwprivatelending.com 503-459-7736
Patrick Hurley Rain City Capital
patrick@raincitycapital.com www.raincitycapital.com 4
September 2019 December 2018
How to Become an Ideal Leader By Bill Twyford Just because you want to be a successful real estate investor, it doesn’t mean that you are cut out for it. Many people fail at investing because they fail to realize that this is a BUSINESS, that you will be selfemployed, and that you will lead others as you build your business. If this is your first business venture take some time to learn how to be a good leader, how to inspire others, and how to let others help you become wealthy. When you are at work, do you get frustrated because things don't seem to be happening the way they’re supposed to be? You see people milling around but nothing gets accomplished. In the daily hustle and bustle, do you feel that your goals remain just that – goals. Then maybe it’s time for you to stand up and do something about it. Most people are content just to stand around listening for orders. With these people it isn't unusual for them to adopt a follow-the-leader mentality. However, somewhere inside of you, you feel the desire to make things happen – to be the head, not the tail. Maybe leadership just suits you fine. Some people believe that great leaders are made, not born. Yes, it may be true that some people are born with natural talents. However, without practice, without drive, without enthusiasm, and without experience, there can be no true development in leadership.
You must also remember that good leaders are continually working and studying to improve their natural skills. This takes a commitment to constantly improve in whatever endeavor a person chooses. First of all, let's define leadership: To be a leader, one must be able to influence others to accomplish a goal or an objective. The leader contributes to the organization and cohesion of a group. Contrary to what most people believe, leadership is not about power. It is not about harassing people or driving them using fear. It is about encouraging others towards the goal of the organization. It is putting everyone on the same page and helping them see the big picture of the organization. You must be a leader not a boss. Second, you have to get people to follow you. How is this accomplished? People follow others when they see a clear sense of purpose. People will only follow you if they see that you know where you are going. Remember that bumper sticker? The one that says, “Don't follow me, I'm lost, too?” The same holds true for leadership. If you yourself do not know where you're headed, chances are people will not follow you at all. You yourself must know the vision of the organization. Having a clear sense of the vision, knowing who the bosses are, who to talk to, the organization's goals and objectives, and how the organization works is the only way to show others you know what you are doing. Being a leader is not about what you make others do. It's about who you are,
what you know, and what you do. You are a reflection of what you're subordinates must be. Studies have shown that one other bases of good leadership is the trust and confidence your subordinates have of you. If they trust you they will go through hell and high water for you and for the organization. Trust and confidence is built on good relationships, trustworthiness, and high ethics. The way you deal with your people and the relationships you build will lay the foundation for the strength of your group. The stronger your relationship, the stronger their trust and confidence is in your capabilities. You must attend my presentation as I will share many of the traits that have made me a successful real estate investor, a leader in my community, a TV and Radio personality, and how you can do it, too!
Bill and Dwan Twyford will be holding their workshop “Cash in a Flash Foreclosure Summit” at Northwest REIA next month. Register today for the two-day class held on Saturday, October 5 and Sunday, October 6. Go to northwestreia.com. Bill and Dwan Twyford are the Nation’s leading foreclosure experts. In fact, Bill and Dwan are considered the Nation’s #1 experts in Short Sales®, Foreclosures, Flipping, and Negotiating! 5
September 2019
Ingrid Chavez Bob Thomas | 503-828-4340 bthomas@merchantsmtg.com
281-492-3434
Paul Rossano paul@fynanc.com
Bijan Tavazoie | bijan.tavazoie@civicfs.com Toby Newhouse | toby.newhouse@civicfs.com Property management Eviction services Residential and commercial real estate sales Contact Christian Bryant: Christian@ircenterprises.com, 503-999-0477
WHY JOIN NORTHWEST REIA? •
Attend all Main Meetings for FREE
•
Attend all Satellite Meetings for FREE
•
Receive discounts to workshops and seminars
•
Receive your own FREE professional real estate website
•
List your properties on our forums, website and your own personal website
c
ommunicate with Northwest REIA
Pres@NorthwestREIA.com Members@NorthwestREIA.com or call: 503-482-6955 15532 SW Pacific HWY C1B, PMB 312 Tigard, OR 97224
Join online at northwestreia.com! 6