JANUARY 2018 UPDATE NEWSLETTER

January 2018

A monthly newsletter published by the Rental Housing Alliance Oregon

rha est. 1927

www.rhaoregon.org

In this issue:

Dinner Meeting … … page 3 RHA Mark Your Calendar … ………… page 5 Class Descriptions…

page 6

Winterization………… page 8 Management Tips… … page 9 Roommates… ……… page 10 Happy Hour… ……… page 11 Electrical Safety……… page 12 Vendor Guide………… page 18

FIND EVICTIONS STRESSFUL?

503-­‐242-­‐2312

Full FED Service First Appearances evict@landlord-­‐solutions.com Small Claims

Dinner Meeting

Wednesday, January 17, 2018 Speaker:

Kelley Day a homegrown Oregonian who grew up in the Portland area and anchored news locally, in Arizona, Idaho, and Utah. Kelley will speak on how to use media coverage as part of your marketing plan. After 23 years as a news writer, reporter and anchor she is sharing the secrets of the media world with us. Come join RHA as we learn how to craft a pitch and write a press release, create a Newshook, become ‘go to’ guests or experts, master the interview, speak in soundbites, prepare for negative press before it happens, and handle a media crisis. In addition discover the inner workings of news cycles and newsrooms.

When:

Wednesday, January 17, 2018 at 6:00pm Location:

The Monarch Hotel 12566 SE 93rd Ave

Clackamas, OR 97015

Price:

$35.00 per attendee if registered by close of business Friday January 12, 2018. $45.00 per attendee if registered after close of business Friday January 12, 2018.

Menu:

Choice of

Farmed fillet of salmon with lemon-butter

accompanied by rice pilaf

or

London broil with demi-glace accompanied by

roasted garlic mashed potatoes

And

Tossed greens with cucumber and tomatoes served with ranch dressing

Fresh seasonal vegetables

Rolls and butter

Chef’s coice of dessert

Coffee, Tea, Decaf, and Iced Tea www.rhaoregon.org

Table of Contents Dinner Meeting | page 3 President’s Message | page 4 RHA Mark Your Calendar | page 5 Class Descriptions | page 6 Breaking the Ice: 10 Property Winterization Tips | page 8 Management Tips from Mr Landlord | page 9 Renting to Roommates | page 10 Happy Hour| page 11 Electrical Safety | page 12 Winter Maintenance Checklist | page 13 Beware of Prepayment Penalty | page 14 Volunteer Opportunities | page 17 The Vendor Guide | page 18

You must register to attend Call 503-254-4723 to register or visit the website at: rhaoregon.org/store/category/ events.

If you register for a dinner meeting and do not show or do not cancel by the Friday before the dinner meeting you will be charged the full price.

RENTAL ALLIANCE UPDATE JANUARY 2018

3

President’s Message

Watching all of the New Year’s Eve celebrations around the world on TV this month made me reflect on two things: First, that the optimism of a new year is a world wide celebration with no social, political, or religious boundaries, President limitations or qualifications. It’s truly a globally unifying RHA Oregon Ron Garcia event!

Secondly, I realized that I’m home watching TV on that night when the rest of the world is out having a great time. Ugh. I suppose that’s the trouble with optimism - it tends to set up the cynical “yeah, but…” side of the issue.

So to get back on track, I ask myself – Do I have a 2018 New Year’s resolution?

Well, let me state that I do have a great deal of enthusiasm for this coming year as President of The Rental Housing Alliance Oregon. And yes, I am optimistic about who we are and what we do. So let’s consider: • Since 1927 RHA Oregon has set the standard for community participation by landlords providing Affordable, Quality and Fair housing.

• Our Board of Directors is 18 people strong and committed to serving our nearly 2,000 members.

• Our monthly education classes are taught by industry leaders on topics beginning with Fair Housing and Landlording 101 to protecting the property, understanding the tenant relationship, and one-on-one mentoring to help members become quality rental housing providers.

• Our monthly dinner meetings provide a forum for speakers that have included the Secretary of State, the Secretary of Labor and Industry, Mayoral candidates, top tier legal panels, recognized economists and tax specialists, as well as vendors and services that run the gambit from fire prevention and plumbing problems, to bed bugs, energy savings, handyman tips and even exit strategies for those who have spent their lives as rental property owners and facing retirement.

RHA Oregon BOARD MEMBERS President Ron Garcia, PH. (503)595-4747 President Elect Mark Passannante, PH. (503)294-0910 Vice President Phil Owen, PH. (503)244-7986 Treasurer Sandra Landis, PH. (503)659-8803 Secretary Lynne Whitney, PH. (503)284-5522 Past President John Sage, PH. (503)667-7971 RHA Oregon DIRECTORS Alan Carpenter, PH. (360)772-2197 Elizabeth Carpenter, PH. (503)314-6498 Tamara Collins, PH. (503)932-9388 Jerad Goughnour, PH. (503)303-8545 Jim Herman, PH. (503)645-8287 Charles Kovas, PH. (503)255-8795 Katie Poole-Hussa, PH. (971)352-6760 Mihyun Pratt, PH. (503)969-5412 Rita Robinson, PH. (503)702-0255 Ken Schriver, PH. (503)410-1782 Ami Stevens, PH. (503)407-3663 AJ Shepard, PH. (360)772-6355

RHAOregon OFFICE Monday - Friday 9:00am - 5:00pm PH: (503)254-4723 Fax: (503)254-4821 10520 NE Weidler St. Portland, OR 97220

• Our state lobbying efforts have won praise and respect from both sides of the aisle and from other housing and trade associations. RHA Oregon has participated in crafting housing policies and laws for decades. Nothing could be more important going into 2018 than building on the integrity of these years of efforts to help promote the rights of individual property owners.

• Our Owner Services include rental housing forms and tenant screening.

These are accessible on line and used throughout the State of Oregon.

• Our building is owned by the membership and open from 9 to 5 Monday through Friday. We have a large conference room used to house classes and meetings and it is available to rent out for private business events. (continued on page 7)

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RENTAL ALLIANCE UPDATE JANUARY 2018

RHAOregon is committed to educating members to fair housing practices and policies. www.rhaoregon.org

RHA Mark Your Calendar LOCATION

TIME

DATE

EVENT

1/1

New Year’s Day

1/10

Board Meeting

RHA Conference Annex

5:30pm

1/17

Dinner Meeting

Monarch Hotel

6:00pm

1/20

New Member & Mentor Meeting

RHA Conference Annex

11:00am

2/14

Board Meeting

RHA Conference Annex

5:30pm

2/21

Dinner Meeting

TBA

6:00pm

2/22

New Member & Mentor Meeting

RHA Conference Annex

6:00pm

INFORMATION

RHA Office Closed SEE page 3

SEE February Update

If you register and DO NOT SHOW or DO NOT CANCEL by the Friday before the dinner meeting you will be charged the FULL price of the dinner.

To purchase event tickets online visit: http://www.rhaoregon.org/store/category/events DATE

CLASSES

LOCATION

TIME

INFORMATION

1/9

Screening Class

RHA Conference Annex

11:00am

1/11

Creating the Tenancy

RHA Conference Annex

6:30pm

1/12

Screening Class

Webex

11:00am

1/18

Cured in Place Pipes

RHA Conference Annex

11:30am

Taught by Karen Johnson with Apollo Drain

1/23

Landlording 102

Standard TV & Appliance

6:30pm

Taught by an attorney with Warren Allen

1/26

Screening Class

Webex

7:00pm

2/6

Screening Class

RHA Conference Annex

11:00am

2/8

Managing the Tenancy

RHA Conference Annex

6:30pm

2/9

Screening Class

Webex

11:00am

2/15

PDX Rules and Ordinances

RHA Conference Annex

11:30am

Taught by Christian Bryant from IRC Property Management

2/20

Cured in Place Pipes

Standard TV & Appliance

6:30pm

Taught by Karen Johnson with Apollo Drain

2/23

Screening Class

Webex

7:00pm

2/27

Screening Class

Webex

7:00pm

Taught by Katie Poole-Hussa with Acorn Property Management

Taught by Katie Poole-Hussa from Acorn Property Management

See page 6 for class descriptions Class Policy

Those with prior registration to the class will be seated first. Walk-ins will only be accommodated once the class has started if space is available. Registered attendees who arrive 15 minutes after the start be aware that your chair may be filled. If you register for a class and then do not cancel at least 48hrs in advance, you will be charged for the class. www.rhaoregon.org

RENTAL ALLIANCE UPDATE JANUARY 2018

5

UPCOMING RHA OREGON CLASSES Creating the Tenancy Taught by: Katie Poole-Hussa from Acorn Property Management Thursday January 11, 2018 6:30pm at RHA Oregon Conference Annex 10530 NE Weidler, Portland, OR 97220 You’ve approved an application, now what? Please join us as we go step-by-step on how to execute a rental agreement.

We’ll talk about everything from security deposit amounts, allowable fees, which forms to use and how, as well as the pro’s and con’s of a month-to-month versus a lease agreement...plus lots, lots more! It’s immensely important to your rental business to begin new-tenant relationships with proper forms and process. Before you hand over posession of your property, get started on the right foot by joining us!

Members $25.00 Non-Members $35.00 Register by close of business January 8th to save $5

Three-Class Series Katie Poole-Hussa of Acorn Property Management will be teaching a three-class series in the RHA Conference Annex Creating the Tenancy Thursday January 11th 6:30pm-8:00pm Managing the Tenancy Thursday February 8th 6:30pm-8:00pm My Tenant is Moving Out, Now What? Thursday March 8th 6:30pm-8:00pm Member $50, Non-Member $80 Register by close of business Monday January 8th to receive the series discount. Classes must be paid for at the time of registration to receive discount. Classes will be priced individually after close of business January 8th.

Landlording 102 Taught by: Attorney with Warren Allen LLP Tuesday January 23, 2018 6:30pm at Standard TV & Appliance 3600 SW Hall Blvd, Beaverton, OR 97005 A landlord attorney with Warren Allen LLP will take you through the coming changes to the Oregon Residential Landlord Tenant Act, give a retrospective of the last 2 years, and up-to-the-minute insights into new cases. Along the way you will learn how to avoid costly legal mistakes and help improve your landlord skills.

Members $35.00 Non-Members $45.00 Register by close of business January 19th to save $5 6

RENTAL ALLIANCE UPDATE JANUARY 2018

www.rhaoregon.org

President’s Message CONTINUED FROM PAGE 4

• Our Vendor Services platform is crucial to our success and it is an expanding asset that allows our members to stay ahead of the curve and learn from the industry itself. Meeting the owners, operators, technicians and executives of services that cater to the needs of rental properties and investors is a specialty benefit that cannot easily be duplicated through any other venue.

So what is my New Year’s resolution for 2018? It’s this: If you find yourself at home, reading my message while on the couch and watching TV when we are all engaged in meaningful activities that support our association, industry and community at large, I resolve to meet you at our next meeting and invite you to join us to get more involved.

• Our Community Involvement has raised literally We need you this year more than ever! See you then. thousands of dollars to help put homeless families into safe housing, clothe and feed thousands of individuals, Ron Garcia, provide Christmas gifts to children around the state, RHA Oregon President and assist Veterans in need. Service is a core value of The Rental Housing Alliance of Oregon.

• Our annual picnics and “Starry Night Celebrations” and our holiday parties and Happy Hours are all times when we get a chance to meet one another and have special moments to enjoy ourselves in welcoming environments. They are never dull and always fun.

www.rhaoregon.org

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RENTAL ALLIANCE UPDATE JANUARY 2018

7

Breaking the Ice: 10 Property Winterization Tips

by Laura McNulty

As winter approaches, this checklist of important preparation measures will keep you ahead of the storm.

The winter months have nearly arrived, and as last year’s harsh season showed, even the typically warmer climates aren’t immune to snow and ice.

Many cities had a rude awakening last year, as unexpected winter storms revealed a lack of preparation. These 10 tips can help make sure your property is ready to withstand the cold.

1. Stock up on ice melt and secure contracts for heavy snow clearing equipment/personnel in advance of a storm forecast. When in doubt, err on the side of caution and act early. Waiting until bad weather is imminent (or worse, has already arrived) could leave you in a bind.

2. Make sure all furnaces and boilers are in good working order to ensure you don’t experience a system failure when it’s most dangerous. Clean units and replace parts and filters as needed; emergency repair services will be much more costly than preventive measures.

3. Clear gutters of any built-up leaves or debris so they drain properly throughout the winter. Neglecting your gutters could lead to leaks or a dangerous accumulation of snow and ice.

4. Fully inspect the building exteriors, including the roof, walls, and door and window frames. Repair or caulk any damaged, leaking or drafty spots to keep weather out and heat in.

5. Wrap pipes in common areas, especially those in exterior walls or in colder parts of the building. There are many inexpensive products you can use, from selfsealing foam tubes to insulative tape, that are available at any home improvement store.

7. Check for and remove any damaged trees or weak branches that may not survive the high winds, icy freezes, or snow accumulation of a winter storm.

Fallen or blown tree limbs could damage property or cause injury.

8. Up the insulation in your common areas, especially around windows and doors. Heat-shrinking plastic wrap may not have the most attractive look, but it can be very useful for reducing heat loss through windows.

9. Insulated shades and thermal drapes are an elegant option for clubrooms or community kitchens. Install weather stripping and a door sweep on exterior doors for a cheap and easy guard against the elements.

10. If you have any wood-burning fireplaces on the property, it’s best to have them inspected and cleaned by a professional chimney sweep. Make sure the flue damper is operating correctly, the chimney is clear of any obstructions, and there’s no damage where the chimney adjoins with the roof.

11. Don’t try to do all of the work yourself. Your residents are an important part of your property, so keep them informed. Encourage renters to report any maintenance issues promptly, and keep an emergency kit on hand should any power outages occur.

Laura McNulty Laura McNulty is senior managing editor for Remodeling and ProSales magazines. She formerly served as an associate editor for Hanley Wood’s residential construction group. Contact her at lmcnulty@ hanleywood.com.

6. For your outdoor irrigation system, winterization will depend on the location. In a more temperate climate, this may simply mean checking that the freeze sensor is working and turning off the water supply as needed. In a colder area, you’ll need to completely drain the pipes to ensure they don’t freeze; a professional should help “blow out” your sprinkler system.

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RENTAL ALLIANCE UPDATE JANUARY 2018

www.rhaoregon.org

Management Tips from MRLANDLORD.com

by Jeffrey Taylor, “Mr. Landlord”

It’s recommended that landlords conduct an in-home visit of rental applicants as part of their screening process. One landlord was intrigued by this idea and asked the following questions: “I have been thinking about implementing in-home visits. How do you go about doing this? Is there anything written about it in your application? How much notice do you give them (to clean up)? What are you looking for in an in-home visit? Do you just go in the front door or do you ask to see the kitchen and bathroom? I am looking for how you include this in your normal screening process. I have been hesitant because it just seems odd for me to say before I can approve an application I need to inspect your current home. Maybe I should just get over it?”

Here is the response by one landlord to these questions: Most important-don’t be timid. Who has the most to lose here? YOU! I copy Mike Butler’s teaching on thisit’s like a crystal ball to see what YOUR home will look like in three months. A drive by MIGHT be enough to deny, but most likely you need to step inside and see for yourself.

• When they move out are YOU willing to clean up their mess?

• If they made a sandwich on the kitchen counter would you eat it?

• We take a photo of the animals. Cats: check the litter box. I pay a helper to go do this within 24 hours. She calls and makes an appointment. Dirty people do not clean even when they know you are coming. Clean people say, “My house is a mess. I get off work at 4:00.

Could you come at 5:00 so I have a chance to pick up the house?” That’s a great answer! You found someone who CARES about their housekeeping!

Your tone of voice and confidence makes a big difference- for example: “Hi Mrs. Smith, your application to rent with ABC Property Management is partially approved. The next step is for me to stop by with a paper for you to sign and check your current home. I need to take a photo of your cat fluffy. Would 6 o’clock be convenient?” I’m not concerned with clutter, toys, or laundry. I’m looking for stink, garbage, damage, and vicious animals.

Just do it. It’s not rocket science. Hire a Realtor if you www.rhaoregon.org

want. But it’s up to YOU to protect your investment.

Stop Expecting Stuff Simply Because You have a Legal Right!

“The renter refuses to let me or the manager show the property.” I see landlords expressing this frustration often on the MrLandlord Q & A Forum. And yes, you may have the legal right to show the home to a prospective resident if you give the current renter proper notice. But so what! If the resident refuses to give you permission, it would not be to your advantage to try and enforce your legal right for many reasons.

To really be able to enforce your legal right would take far longer than it would be practically helpful to you. And even if your resident did show it after being forced, do not expect the place to look inviting to the prospect and any words or attitude communicated by your current resident to the prospect would probably do far more negative than good.

So what is a landlord supposed to do? Simply resign to the fact that you have a non-cooperative resident and wait until they move out before you can do anything?

That sure is not the answer, because that means you will probably lose at least a month’s worth of rent before getting another renter. Several reasons can contribute to the delay.

If you don’t get inside the home to see it before they move out, obviously you won’t be able to make any needed repairs before move-out, which means additional delay in getting the property ready and available for showing. I am a firm believer in making needed repairs while the resident is still living in the home and charging him for needed repairs BEFORE he moves. Ideally, a check on the property should be done two to three months PRIOR to the resident’s anniversary date.

As far as the resident being cooperative and allowing you to show a property, most often that can be accomplished by simply letting the resident know that he will be rewarded with $50 or $100 on top of an expedited return of their deposit if you can get the property rented by their last day of occupancy.

You will be amazed at what this monetary “carrot” can do in terms of generating cooperation from your current renter. They will be much more likely to allow you to show the place, and have the place in good

(continued on page 16)

RENTAL ALLIANCE UPDATE JANUARY 2018

9

Renting to Roommates

Reprinted with permission from Rental Housing Journal Recently it seems I have seen an increase in the number of problems involving roommate tenants. Most of their complications could have been avoided had the landlord made the rental agreement and addenda clear up front.

Some roommate situations involve the landlord renting the entire unit to multiple parties in a joint tenancy. Others involve the landlord renting out individual rooms in a unit to two or more parties. Both approaches require different attention in the contract and the former should always start with a roommate addenda that explains from day one what will happen with the deposit. This is necessary because roommates frequently move out and/or get switched to a new party. Many landlords fail to anticipate and plan for the musical roommate events.

In the case of the joint tenancy situation the addenda, such as the one offered by WLA, can contain several options to choose from regarding how to disposition the deposit (Note from RHA, see form 220 Add or Remove Roommate addendum). It may be that the tenants have split the deposit or they may not have.

The landlord should insure this does not become a problem for the landlord should one or more leave and one or more remain. I recommend the landlord use the addenda option that makes it clear that the entire deposit stays with the landlord until the last tenant vacates and surrender possession. I also recommend that the landlord specify that any refund will be written to all tenants collectively and not make it possible to get into a position between multiple former tenants arguing over how the refund should be split. The landlord should further consider what happens if one or more roommate gets replaced at some point with another. Did the new tenant(s) contribute anything to the deposit when coming in? In most cases not, so make it clear in an addenda that the deposit goes back to the original tenants at the end should there be a refund. If the landlord does allow a part of the deposit to be returned to tenants departing early then have a contract or addenda that gives the landlord the right to demand the rest of the deposit be replaced by remaining tenant(s).

Another aspect to consider is what damages an early departing roommate may be responsible for. If the landlord is going to hold the entire deposit until 10

RENTAL ALLIANCE UPDATE JANUARY 2018

the last roommate finally vacates then having the departing roommate(s) replaced by one or more new roommates could create an additional problem that can be resolved up front in the rental agreement and addenda. Is the landlord going to do a mid-tenancy walk through to document what damage exists at the time the roommate departs? If so the landlord may then have to determine what portion of any charges or refund goes to the departing tenant(s) at that time.

This could get messy but not doing so can also leave a tenant that departed early responsible for damages done by the remaining or replacement roommates in the landlords eyes but it is not likely that the tenants that departed early are going to agree with or appreciate that. The landlord might consider a requirement that a walk through and damage disposition be done at the time of departure and then require the remaining and/ or replacement roommates tender a new deposit with that new walk through functioning as both the final walk through for the departing tenants and also the initial walk through for those remaining.

The landlord should be aware that if an eviction becomes necessary in a joint tenancy there will be problems evicting less than all of the roommate tenants. While it is not difficult to do so in legal proceedings it is not likely that the sheriff will be comfortable actually executing the eviction because there is potential liability if the sheriff gets into a position where they pick what personal property stays and what gets put out on the street. Because of this it is not, in my opinion, a good idea to allow joint tenant roommates to be responsible for a proportional share of the rents. Be diligent about requiring all of the rent from all roommates as a group jointly and severally.

Renting separate rooms presents a different set of considerations. For the most part just providing for a separate rental contract and separate deposit for each roommate can take care of most of those considerations but I often see landlords fail to do so.

The other thing a landlord should insure is that each of those rental agreements carefully and completely describes which areas in the unit are exclusive access areas to that roommate and what areas are common areas. For example if one roommate is renting the top floor and another is renting the bottom floor except for a common kitchen then that should be (continued on page 15) www.rhaoregon.org

www.rhaoregon.org

RENTAL ALLIANCE UPDATE JANUARY 2018

11

Electrical Safety

January

Check your electrical appliances and wiring before using.

Monthly FireMonthly Safety Tip Safety Tip For Multi-Family Housing

Never overload an outlet by plugging too many items into it.

If needed, use surge protectors to add outlets.

They will provide additional protection.

Avoid chaining multiple extension cords and surge protectors together.

Keep wires out in the open, don’t cover them up. Make sure extension cords are not running across doorways or under carpets. Extension cords are intended for temporary use.

Heat-producing appliances such as a coffee maker, toaster, and space heater should be monitored when used and plugged directly into an outlet.

Frayed wires can cause fires! Immediately replace all worn, old, or damaged appliance cords.

Never leave bathroom fans on for an extended period of time – turn them off when not in use and replace them when they start making noise.

Keep electrical appliances away from wet floors and counters. Pay special care to electrical appliances in the bathroom and kitchen.

When buying electrical appliances, look for products that meet the (UL) standard for safety.

Keep clothes, curtains, and other items that can burn at least three feet from all heaters.

Immediately unplug, then professionally replace, wall outlets that are warm to the touch, discolored, or starting to melt.

Use safety closures to "child-proof" electrical outlets.

Tualatin Valley Fire & Rescue

For more fire safety tips, visit www.tvfr.com

503.649.8577

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RENTAL ALLIANCE UPDATE JANUARY 2018

www.rhaoregon.org

Winter Maintenance Checklist

by Katie Poole-Hussa from Acorn Property Management

In winter, your tenants can enjoy energy-efficient warmth and the fruits of your maintenance labors while you take a few precautionary measures on the outside.

Outdoor Tasks:

- Walk around the property’s exterior and make sure the foundation vents are closed or covered.

- Protect the central air conditioning unit with a cover. Remove and store window air conditioners.

- Winterize sprinkler systems.

- Rake last of leaves and remove storm debris as needed.

- Check gutters and downspouts and clean them out if needed.

- Send freezing weather reminders to tenants.

- Insulate or wrap all exposed plumbing pipes.

Katie Poole–Hussa is a Licensed Property Manager, Continuing Education Provider, Chair of the Education Committee for the RHA Oregon, and a Property Manager at Acorn Property Management in Portland, OR. She can be reached with questions or comments at Katie@AcornPM.net

This year’s winning Fair Housing Council of Oregon Poster was drawn by Sophia Jordan and Hannah Dirsa, 5th graders at Duniway Elementary

www.fhco.org www.rhaoregon.org

RENTAL ALLIANCE UPDATE JANUARY 2018

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Beware of the Prepayment Penalty

by Cliff hockley, President of Bluestone & Hockley

I have been counseling clients for a long time to be careful of prepayment penalties that lurk everywhere in today’s mortgage environment. I don’t like prepayment penalties because they limit your flexibility as an investor (as both Buyer and Seller) in real estate, but they are hard to avoid, and my clients have had many run-ins with prepayment penalties.

• Most banks will not charge a penalty if the prepayment is less than 10% of the original principal. This obviously does not apply if you sell your property.

Three years ago, I had a client (a Buyer) that was about to close on a transaction when the Seller refused to close.

The Seller had not checked on his prepayment penalty, and at the last minute found out it was going to be $250,000. In the end, the Buyer assumed the existing CMBS financing with the Seller paying all assumption costs and agreeing to a price reduction, but it added tension to the deal, and it involved attorneys to sort it out. The Buyer was in a 1031 and had a huge amount of tax penalty at risk.

• Finally, some loans have no pre-payment penalties at all.

An Adjustable Rate Mortgage (ARM) might be free of any prepayment penalties.

In a similar situation, another client was recently bitten by the prepayment penalty snake. She refinanced a property, assuming that she was going to hold it for an additional five years. She intended to use the refinance funds to buy another property. Then, out of the blue - just six months after her refinance, another investment opportunity surfaced that needed her to come up with more cash.

Her prepayment penalty cost for that small project was $ 45,000 - that’s $45,000 that is no longer available to invest in another project. Using a 6 CAP she lost $750,000 in upside – a significant loss - but she had a better opportunity that needed the balance of the cash.

When does a prepayment penalty occur?

Some prepayment penalties (or inability to pay off a loan) typically occur in the following cases: • For some loans no prepayments are permitted, either partially or in full. This is often the case with large or securitized loans.

• It is not unusual with new financing or refinancing to be faced with prepayments for the first five or 10 years of a loan, or to be prohibited from paying off more than 20% of a loan in any one year.

• In other cases, the loan can be prepaid - but only if the new borrower either assumes the existing loan or pays a 1% prepayment penalty to assume the existing loan.

• Wrapping your loan around an existing loan is typically discouraged with major penalties, by the lender that is in first place.

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RENTAL ALLIANCE UPDATE JANUARY 2018

• The loan can be prepaid, but a penalty is charged, especially if the loan is being fully prepaid prior to maturity.

Prepayment penalties come in many flavors. For example: • A financial institution might charge a set fee like $2,000, this is assessed no matter what the remaining size or term of the loan. In most cases this is minor and primarily reimburses the bank for expenses related to the release of collateral on the loan and terminates the borrower’s obligation.

• A bank might also charge a set percentage like 1% of the loan amount, depending on the size of the loan.

• It is not unusual to see a stepped percentage formula for commercial loans that varies with time. For example, with a 10 year loan, you might see descending percentage penalties for each year of the loan. Such as: 10,9,8,7,6,5,4,3,2,1 or 5,4,3,2,1- 5,4,3,2,1 or on shorter term loans include 5-4-3-2-1 or 3-3-3-2-2-1, where in the first example 5% of the remaining balance is the penalty if the loan is prepaid during the first year of its life, 4% in the second year, 3% in the third year, etc. This recognizes that the longer the remaining term of the loan the more value it likely has to the bank.

• Commercial Mortgage Backed Securities – (CMBS) loans typically have yield maintenance clauses, these are very expensive and very hard to offset, though they can be assumed at a substantial cost and with huge attorney fees.

Since these loans are sold in tranches on the stock market (hence mortgage backed security) and a yield has been promised to the investors the yield must be maintained when a loan is assumed or replaced. Usually they offer two options to deal with an existing loan: 1. Defeasance involves the substitution of government securities for the mortgage collateral. A borrower wishing to obtain a release of his/her property from the trust may purchase and pledge to the trust a collection (continued on page 15) www.rhaoregon.org

Beware of the Prepayment Penalty CONTINUED FROM PAGE 14

of government securities that are specifically selected to generate sufficient cash to make all monthly payments due on the loan through and including any balloon payment due at maturity.

decisions of loan cost, cash flow, and interest rate consider the importance of the prepayment penalty in your decision-making. For the financial institutions the most important issue is the yield on the loan.

2. Prepayment penalties consist of the payment of a sum of money designed to compensate investors for the loss of yield (often referred to as ‘yield maintenance.’) Yield maintenance is a present value calculation that enables investors to reinvest the loan payoff proceeds at then current treasury yields through the original loan maturity and maintain the same yield as if the loan had not paid off early. https://precisionlender.com/blog/general/yieldmaintenance-on-commercial-loans/

Some banks will hold the loan in their own portfolio, or alternately sell the loan, but - if they sell the loan they have less flexibility to negotiate. A mortgage broker can help you compare your options carefully. In my experience, financial institutions may be willing to change the prepayment penalties if you agree to pay an extra eighth of a percentage point in interest rate. All you have to do is ask.

Conclusion As you choose your loan, and balance between the

Bottom line, do what you can to keep your prepayments small and keep your investment strategies flexible as you build your investment portfolio.

Renting to Roommates CONTINUED FROM PAGE 10

carefully explained. This will be important in the event of conflict between roommates over use and areas within the unit. It will also be very important if an eviction becomes necessary. Let’s just say for example you need to evict John Doe from the upstairs. If you only name John Doe in the lawsuit then you will have problems if John Doe has brought in his girlfriend or some other occupant and the eviction won’t result in restoring possession to the landlord.

If you name John Doe and all other occupants to prevent this problem then another problem because the sheriff will then remove everyone in the house. That includes all the roommates that you did not intend to evict. If, however, you can bring the eviction against John Doe and all other occupants of the upstairs only for example, you have solved all those problems. The oversights come from not planning ahead for all conceivable possible outcomes. There are many outcomes that are not necessarily obvious without a lot of forethought. Having the property forms available is not enough. Make sure you ask an experienced party about which forms are right to use. Remember you don’t know what you don’t know and what you don’t know can hurt you.

www.rhaoregon.org

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Management Tips from MRLANDLORD.com CONTINUED FROM PAGE 9

condition to view. The renter may even be ready to say something good about the property and the neighborhood, especially if you ask them specifically for cooperation in those three areas as you talk about the monetary reward. One of the main points I want to express to landlords is to stop expecting renters to do as you wish so that YOU can benefit, even if what you expect is within your legal right. Instead, look for ways that the resident can also benefit. If offering a small monetary reward will gain their cooperation, you still come out much further ahead. Rewarding the resident with $100 but getting a new resident without losing any days of occupancy is financially much better for them and you, rather than losing an entire month of rent because you had to wait until the resident moved out before you could prepare or show the rental. I’d rather give a little and have both parties be a winner than stand by my legal rights and both parties end up losing.

Suck it Up and Move Forward!

When a resident moves out without notice and leaves owing money for damages or trash, instead of feeling down in the dumps, take the following “tough love”

advice paraphrased from a fellow landlord: • Now suck-it-up. Inspect. Fix it up. Send detailed billing as required by law. Re-rent. Move forward and no whining!!

• Don’t hate. Learn from your mistakes and learn how to collect the judgment on all who do this, and you will be rewarded.

As landlords, we need to stop trying to console ourselves when renters do not perform as expected and simply realize that landlording is a “Suck It Up and Move Forward Business”- yes, it’s a businessoften, with people who don’t pay their bills on time.

The above tips are shared by regular contributors to the popular MrLandlord.com Q & A forum, by real estate authors and by Jeffrey Taylor, Founder@Mrlandlord. com. To receive a free sample of Mr. Landlord newsletter, call 1-800-950-2250 or visit their informative Q & A Forum at LandlordingAdvice.com, where you can ask landlording questions and seek the advice of other rental owners 24 hours a day.

For Rent RENT Meeting Space Available

-Are you looking for a great place to have a meeting?

-Are you planning an event, but just not sure where to hold it?

935 square feet, audio and video available, small kitchen prep area.

Classroom/Banquet tables and chairs.

For more information contact: Ami Stevens at 503-407-3663 or RHA Oregon at 503-254-4723 16

RENTAL ALLIANCE UPDATE JANUARY 2018

www.rhaoregon.org

Opportunities Available GETTING INVOLVED IS IMPORTANT WHEN IT COMES TO MAKING A DIFFERENCE. RHA OREGON IS ALWAYS LOOKING FOR ACTIVE MEMBERS WHO WANT TO GET INVOLVED WITH AN EVER CHANGING ORGANIZATION AND INDUSTRY. THE FOLLOWING IS A LIST OF COMMITTEES THAT NEED YOUR INVOLVEMENT. CONTACT RHA OREGON AND GET INVOLVED

RHA Oregon LIST OF COMMITTEES Building

Chair: Phil Owen PH: 503-244-7986

RHA Oregon LOBBYIST Cindy Robert PH: 503-260-3431

Legislative

Community Relations/Donations

Chair: Phil Owen PH: 503-244-7986

Dinner/Program

Chair: Elizabeth Carpenter PH: 503-314-6498

Education

Chair: Phil Owen PH: 503-244-7986

Chair: Lynne Whitney PH: 503-284-5522 Chair: AJ Shepard PH: 360-772-6355

Chair: Katie Poole-Hussa PH: 541-968-1703

Forms

Chair: Mark Passannante PH: 503-294-0910

House

Chair: Lynne Whitney PH: 503-284-5522

www.rhaoregon.org

Membership Office

RHA Oregon OFFICE TEAM Cari Pierce, Office Manager Cari@rhaoregon.org

Menolly Walter, Member Services Rep. Menolly@rhaoregon.org Lynn Peterson, Bookeeper bookeeper@rhaoregon.org Diana Lindemann, Special Projects specialprojects@rhaoregon.org

Government Relations Chair: Phil Owen PH: 503-244-7986

Gresham Liaison Jim Herman PH: 503-645-8287

Marketing

Chair: Tamara Collins PH: 503-873-5650 RENTAL ALLIANCE UPDATE JANUARY 2018

17

Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

1031 EXCHANGES / REITS TENANCY IN COMMON Beutler Exchange Group, LLC P.503-748-1031, P.844-414-1031 Email: toija@beutlerexchangegroup.com www.BeutlerExchangeGroup.com

National Tenant Network Marcia Gohman P.503-635-1118, F.503-635-9392 P.O. Box 21027, Keizer 97303 www.ntnonline.com

Peregrine Private CapitalCorp P.503-241-4949 5000 Meadows Rd. #230, Lake Oswego, OR 97035 rs@peregrineprivatecapital.com

RHA Oregon P.503-254-4723, F.503-254-4821 Fast,affordable tenant screening www.rhaoregon.org Email: info@rhaoregon.org

ACCOUNTING/BOOKKEEPING Balancing Point, Inc., Sandy Buhite-Landis P.503-659-8803 C.503-504-9466 8189 SE Clackamas Rd., Milwaukie 97267 Email: info@balancingpt.com

ASPHALT PAVING Hal’s Construction, Inc. CCB#34434 Brian King, P.503-656-4999 20666 S HWY 213, Oregon City, OR 97045 www.halsconstruction.com Email: office@halsconstruction.com

The Cobalt Group Accounting and Business Consulting 1100 NE 28th Ave., Ste 100, Portland, OR 97232 P.503-239-8432 Email: info@thecobaltgrp.com

ASSOCIATIONS Metro Area Smoke Free Housing Project P.503-718-6145 www.smokefreeoregon.com

Portland Tax Co. Full Service Tax and Accounting P. 503-258-0700 F. 503-256-1527 ADVERTISING / MARKETING From Here 2 There Helping solve business challenges to reach your goals.

Ami Stevens, P.503-407-3663 Email: astevens@fromhere2there.com

ATTORNEYS Broer & Passannante, P.S. Mark G Passannante, P.503-294-0910 1001 SW Fifth Ave, Ste. 1220, Portland, OR 97204 Warren Allen LLP Jeff Bennett. P.503-255-8795 850 NE 122nd Ave. Portland, 97230 Protecting landlords’ rights in Oregon and Washington for over 25 years

Rental Housing Journal P.503-221-1260 News for Ppty Managers & Owners www.thelandlordtimes.com

Law Offices of Richard Schneider, LLC P.503-241-1215, www.rbsllc.com 2455 NW Marshall St #11 Portland 97210, Business formation - LLCs

APPLIANCE-SALES ONLY G&C Distributing Company Pat Jennings, P. 503-542-5132 Drew Beckley, P.503-288-0221 1205 NE 33rd, Portland, OR 97232

Scott A. McKeown, P.C. Scott McKeown, P.503-224-1937 8700 SW 26th Ave Ste S. Portland, 97219 Email: scottmckeown@comcast.net

APPLICANT SCREENING Complete Screening Agency LLC Jacob Turner & Tiffany Webb P.800-827-3130 www.complete-screen.com Email: info@complete-screen.com

BASEMENT WATERPROOFING John’s Waterproofing, CCB# 15830 Crawlspace Waterproofing P.503-233-0825 Fully Staffed www.johnswaterproofing.com

VISIT www.fhco.org FAIR HOUSING COUNCIL OF OREGON

CABINETRY Angie Schierman Cabinetry Design Contract Furnishings Mart - Beaverton 6050 SW Arctic Dr | Beaverton, OR 97005 503.207.5230 www.cfmfloors.com Nancy Duong Cabinetry Design Contract Furnishings Mart – Clackamas 15140 SE 82nd Dr, Ste.240 | Clackamas, OR 97015 503.656.5277 www.cfmfloors.com Dan Hunt Cabinetry Design Contract Furnishings Mart – Gresham 3108 NE 181ST Ave | Gresham, OR 97230 503.328.7260 www.cfmfloors.com Dan Cunningham Cabinetry Design Contract Furnishings Mart – Hillsboro 4865 NW 235th Ave | Hillsboro, OR 97124 503.716.4848 www.cfmfloors.com Steve Ballard Cabinetry Design Contract Furnishings Mart – Portland 915 SE Sandy Blvd | Portland, OR 97214 503.963.7812 www.cfmfloors.com Trisha Earle Cabinetry Design Contract Furnishings Mart – Tigard 14160 SW 72nd Ave, Suite 110 | Tigard, OR 97224 503.542.8921 www.cfmfloors.com Kevin Clark Cabinetry Design Contract Furnishings Mart – Vancouver 11806 NE 65th St | Vancouver, WA 98662 360.989.2393 www.cfmfloors.com CARPET CLEANING Americlean Inc., Since 1972 We are very good at what we do Frank Porter, P.503-771-0554 Email: info@iloveamericlean.com www.iloveamericlean.com

RENTAL HOUSING ALLIANCE OREGON SUPPORTS FAIR HOUSING

RHA values our Affiliates, the goods and services provided to our membership, their participation in our Association and their continued support. RHA does not, however, warrant or guarantee the quality of goods and/or services provided by Affiliates.

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Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

Certified Carpet Services CCB#184070 Mark Sandstrom P.503-313-7963 Cleaning, restretching,repairs and flood service.

Email: marksandstrom321@comcast.net O’Meara Carpet Cleaning P.503-538-1983, 503-620-5005 Cleaning, Pet Odor CARPET SALES Certified Carpet Services CCB#184070 Mark Sandstrom P.503-313-7963 Cleaning, restretching,repairs and flood service.

Email: marksandstrom321@comcast.net Contract Furnishings Mart - Vancouver Jennifer Evans P.360-896-6150, Toll free: 800-267-6150 11013 NE 39th St., Vancouver, WA 98682 Email: jennifer.evans@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Portland Roger Harms P.503-230-1250, Toll free: 800-275-6722 915 SE Sandy Blvd., Portland, OR 97214 Email: roger.harms@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Hillsboro Rebecca O’Neill P.503-716-4848, Toll Free: 866-498-9850 4865 NW 235th Ave., Hillsboro, OR 97124 Email: rebecca.oneill@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Tigard Jim Plath P.503-542-8900, Toll Free: 800-935-1250 14190 SW 72nd Ave. #110, Tigard, OR 97224 Email: jim.path@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Clackamas Patrick VonPegert P.503-656-5277, Toll Free: 877-656-5232 15140 SE 82nd Dr., Clackamas, OR 97015 Email: patrick.vonpegert@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Beaverton Nicole Dehaan P. 503- 207-5230, Toll Free: 844-214-4220 6050 SW Arctic Dr., Beaverton, OR 97005 Email: nicole.dehaan@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Gresham Ross Williams P. 503-328-7260, Toll Free: 877-824-4236 3108 NE 181st Ave., Gresham, OR 97230 Email: ross.williams@cfmfloors.com www.cfmfloors.com The Floor Store Joe Billarreal, P.503-408-6488 5628 SE Woodstock Blvd, Portland, OR 97206 Email: joe@floorstoreportland.com COIN-OP LAUNDRY Wash Laundry Coin/Credit/Debit Laundry Equipment & Service Ed Coon P.971-808-7828 ecoon@washlaundry.com Email: www.washlaundry.com

COLLECTION AGENCIES Anderson & Associates Credit Services, LLC P.503-293-5400, F.503-813-2159 P.O. Box 230286, Portland, 97281 Email: andersoncollectionagency@gmail.com CONCRETE Hal’s Construction, Inc. CCB# 34434 Brian King, P.503-656-4999 20666 S HWY 213, Oregon City, OR 97045 www.halsconstruction.com Email: office@halsconstruction.com Metro Sidewalk Repair P. 503-875-7900 Concrete Water Proofing, Maintenance & repair and new structure installation DOORS Goose Hollow Window Co Inc. CCB# 53631 Mary D. Mann, P.503-620-0898 Email: marymann@goosehwc.com Goosehwc.com Energy Trust Trade Ally DUCTLESS HEATING & COOLING Oregon Ductless, Inc. CCB#204219 Aaron McNally, P. 503-410-1309 Sales and installation of ductless heat pumps Serving all Portland Metro areas Email: info@oregonductless.com www.oregonductless.com ELECTRIC On Electric P.503-288-2211 14865 SW 74th Ave., #170 Tigard, OR 97224

EVICTIONS Action Services Wally Lemke, P.503-244-1226 15 82nd Dr., #20 Gladstone, OR 97027 Your eviction & process Service Specialist IRC Property Management 50% discount for new property management clients P. 503-999-0477 Email: info@ricenterprises Landlord Solutions P.503-242-2312, F.503-242-1881 P.O. Box 7087, Portland, OR 97007 Online evictions & First Appearance www.landlord-solutions.com FINANCIAL SERVICES American Commercial Mortgage Network Al Williams, P.206-264-1325 1366 91st Ave. NE Clyde Hill, WA 98004 Chase Commercial Term Lending Tom Barbour, P.503-598-3657 Steve Mozinski, P.503-598-3661 Email: steve.mozinski@chase.com Northwestern Mutual Financial & Retirement Planning Charlene Quaresma, P.503-421-5058 www.charlenequaresma.nm.com Email: charlene.quaresma@nm.com Vince Kingston Mortgage Loan Officer NMLS #291740 Eagle Home Mortgage P. 971-221-8525 direct Email: vince@vincekingston.com

Rental Housing Maint Service CCB# 163427 Gary Indra, P.503-678-2136 Fully Licensed to do it all Email: garyindra@rentalrepairs.com

FIRE / WATER DAMAGE RESTORATION Kennedy Restoration Restoring Lives...Rebuilding Properties Since 1950 P. 503-234-0509 PDX, OR 360-693-5288 VAN, WA www.kennedyres.com

Squires Electric Joe Squires, P. 503-252-1609 657 SE Yamhill St., Portland, OR 97214 www.SquiresElectric.com

Servpro NW Portland Serving the entire state of Oregon P. 503-283-3658 F. 503-444-7130 www.servpronwportland.com

EMERGENCY WATER DAMAGE WaterBear Cleaning & Restoration Water Removal, Dryout Mold/Sewage clean up P.503-554-0417

FIRE SAFETY Tualatin Valley Fire & Rescue Eric T. McMullen, P.503-612-7000 7401 SW Washo Ct. Ste 101, Tualatin, OR 97062 Email: eric.mcmullen@tvfr.com

ENERGY EFFICIENCY Energy Trust of Oregon Existing Multi Family 421 SW Oak St., Suite 300, Portland, OR 97204 P. 1-877-510-2130 www.energytrust.org/multifamily

FLOOR COVERING Contract Furnishings Mart - Vancouver Jennifer Evans P.360-896-6150, Toll free: 800-267-6150 11013 NE 39th St., Vancouver, WA 98682 Email: jennifer.evans@cfmfloors.com www.cfmfloors.com

ESTATE PLANNING Law Offices of Richard Schneider, LLC P.503-241-1215 2455 NW Marshall St #11 Portland, OR 97210 www.rbsllc.com Northwestern Mutual Financial & Retirement Planning Charlene Quaresma, P.503-421-5058 www.charlenequaresma.nm.com Email: charlene.quaresma@nm.com

Contract Furnishings Mart - Portland Roger Harms P.503-230-1250, Toll free: 800-275-6722 915 SE Sandy Blvd., Portland, OR 97214 Email: roger.harms@cfmfloors.com www.cfmfloors.com

RHA values our Affiliates, the goods and services provided to our membership, their participation in our Association and their continued support. RHA does not, however, warrant or guarantee the quality of goods and/or services provided by Affiliates. www.rhaoregon.org

RENTAL ALLIANCE UPDATE JANUARY 2018

19

Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

Contract Furnishings Mart - Hillsboro Rebecca O’Neill P.503-716-4848, Toll Free: 866-498-9850 4865 NW 235th Ave., Hillsboro, OR 97124 Email: rebecca.oneill@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Tigard Jim Plath P.503-542-8900, Toll Free: 800-935-1250 14190 SW 72nd Ave. #110, Tigard, OR 97224 Email: jim.path@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Clackamas Patrick VonPegert P.503-656-5277, Toll Free: 877-656-5232 15140 SE 82nd Dr., Clackamas, OR 97015 Email: patrick.vonpegert@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Beaverton Nicole Dehaan P. 503- 207-5230, Toll Free: 844-214-4220 6050 SW Arctic Dr., Beaverton, OR 97005 Email: nicole.dehaan@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Gresham Ross Williams P. 503-328-7260, Toll Free: 877-824-4236 3108 NE 181st Ave., Gresham, OR 97230 Email: ross.williams@cfmfloors.com www.cfmfloors.com J & B Hardwood Floors, Inc Jim Cripps, P.503-519-4920 Email: jandbhardwoodfloors@gmail.com

Certified Services CCB# 184070 Full service repairs and Maintenance Mark Sandstrom, P.503-313-7963 Email: mpsandstrom@comcast.net Clear Water Construction Services Providing all types of repairs & maintenance P. 503-974-6654 www.cwcsnw.com Rental Housing Maint. Svcs. CCB# 163427 Gary Indra, P.503-678-2136 Fully Licensed to do it all

American Family Insurance Auto/Home/ Life/ Commerical Larry Thompson Agency P.503-924-2200, F.503-924-2202 15573 SE Bangy Rd., Ste. 220, Lake Oswego, OR 97035

Wieder Works - Darren J Wiederhold Residential Property Maintenance CCB#164323 P. 503-260-2133 ~ F. 503-669-5133 Email: d.wiederworks@yahoo.com I do a little bit of almost everything!

Northwestern Mutual Financial & Retirement Planning Charlene Quaresma, P.503-421-5058 www.charlenequaresma.nm.com Email: charlene.quaresma@nm.com

HAULING Junk Away Hauling CCB# 177966 P. 503-517-9027 Licensed bonded insured trash outs Email: joejunkaway@gmail.com

Robinson Financial Group Rita J. Robinson, P. 503-557-4997 Group & Indiv. Health Insurance

HEATING & COOLING Midway Heating Co. CCB# 24044 P.503-252-4003 12625 SE Sherman St., Portland, OR 97233 Oregon Ductless, Inc. CCB#204219 Aaron McNally, P. 503-410-1309 Sales and installation of ductless heat pumps Serving all Portland Metro areas Email: info@oregonductless.com www.oregonductless.com

Rental Housing Maint Svcs CCB# 163427 Gary Indra, P.503-678-2136 Vinyl, VCT, Ceramic, Hardwood

Pyramid Heating & Cooling CCB#59382 P.503-786-9522 Serving the Portland Metro area Email: info@pyramidheating.com

The Floor Store Joe Billarreal, P.503-408-6488 5628 SE Woodstock Blvd., Portland, OR 97206 Email: joe@floorstoreportland.com

Willamette HVAC - CCB#56951 P. 503-259-3200 www.willamettehvac.com Residential, Commercial and oil Service

FORMS RHA Oregon Attorney drawn, Up-to-date Rental Forms P.503-254-4723 F.503-254-4821 www.rhaoregon.org

HEATING OIL Midway Heating Co. CCB# 24044 P.503-252-4003 12625 SE Sherman St. Portland, OR 97233

GENERAL CONTRACTORS Clear Water Construction Services - CCB# 194703 Both Residential & Commercial Service P. 503-974-6654, F. 503-217-0308 Email: daleh@cwcsnw.com Web Site: www.cwcsnw.com

HEATING OIL TANK Soil Solutions Environmental Services Tank Locating, Sampling, Decommissioning and DEQ Certified Clean-ups P. 503-234-2118 Email: info@soilsolutions-environmental.com www.soilsolutions-environmental.com

Servpro NW Portland Serving the entire state of Oregon P. 503-283-3658 F. 503-444-7130 www.servpronwportland.com Uptown Properties CCB# 198205 AJ Shepard P. 360-772-6355 Full Service General Contractor, Licensed & Bonded www.uptownpm.com HANDYMAN Bluestone & Hockley Real Estate Services Chuck Hodges, P.503-222-3800 9320 SW Barbur Blvd. Ste 300, Portland, OR 97219 Email: main@bluestonehockley.com

INSURANCE AAA Oregon Insurance Agency Home-Auto-Comerical-Life Antoinette (Toni) Bradfield P. 503-219-6260 600 SW Market St., Portland, OR 97201 E-mail: toni.bradfield@aaaoregon.com

HOUSING AUTHORITIES Housing Authority of Portland Jill Smith, P.503-802-8565 135 SW Ash St., Portland, OR 97204 INSULATION Goose Hollow Window Co inc CCB#53631 Mary D. Mann, P.503-620-0898 Energy Trust Trade Ally www.goosehwc.com Email: marymann@goosehwc.com

State Farm Insurance Paul Toole, P.503-655-2206 6105 W ‘A’ St. #B, West Linn, OR 97068 Stegmann Agency Farmers Insurance John Sage, Insurance Specialist Insuring Property Owners for 25 years P.503-667-7971, F.503-666-8110 202 SE 181st Ave. #201, Portland, OR 97233 Email: john.lstegmann@farmersagency.com Wolter Van Doorninck,CPCU Elliot, Powell, Baden & Baker P.503-227-1771, F.503-274-7644 1521 SW Salmon, Portland, OR 97205 www.epbb.com Email: wvandoorninck@epbb.com INVESTMENT SERVICES Peregrine Private Capital Corp P.503-241-4949 5000 Meadows Rd., #230, Lake Oswego, OR 97070 Email: rs@peregrineprivatecapital.com RareBird Investor Network Education & networking for Ptld real estate investors P. 503-451-0545 rarebirdinvestors.com LANDSCAPE MAINTENANCE Layna’s Cleaning Services Mow, trim, haul, install P. 503-545-0130 Free bids!

Habla Español, Insured MASON CONTRACTORS D&R Masonry Restoration Inc. CCB# 99196 Ray Elkins, P.503-353-1650 8890 SE McLoughlin Blvd, Milwaukie, OR 97222 www.drmasonry.com MOLD Good Affordable Roofing Services LLC CCB # 208939 For all things mold we do it Good & Affordable Call today 971-312-7767 Email: goodaffordableroofingservices@gmail.com www.goodaffordableroofingservice.com

RHA values our Affiliates, the goods and services provided to our membership, their participation in our Association and their continued support. RHA does not, however, warrant or guarantee the quality of goods and/or services provided by Affiliates.

20

RENTAL ALLIANCE UPDATE JANUARY 2018

www.rhaoregon.org

Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

Real Estate Mold Solutions Lynne Whitney, P.503-232-6653 Free inspections, Testing and Remediation www.realestatemoldsolutions.com MOVERS-HOUSE Emmert Development Co Terry Emmert, P.503-655-9933 11811 SE Hwy 212, Clackamas, OR 97015 PAINT / PAINTING Rental Housing Maint. Svcs. CCB# 163427 Gary Indra, P.503-678-2136 Prof. Interior & Exterior painting Email: garyindra@rentalrepairs.com Richard Hallman Painting CCB# 142467 Rick Hallman, P.503-819-1210 Quality Interior Painting Since 1992 PAINT REMOVAL Timby’s Dipstrip Tim P. 503-240-9841 We Get The Lead Out www.dipstrip.com PEST CONTROL Frost Integrated Pest Mgmt P.503-863-0973 Residential.Commercial.Multi Family www.frostpestfreezone.com NW Pest Control Bruce Beswick, P.503-253-5325 9108 NE Sandy Blvd., Portland, OR 97220 www.northwestpest.com Email: nwpestcontrol@aol.com

PRINTING & PROMOTIONAL PRODUCTS Inkberry Print & Promotional Logo’d Promotional Products, Signs & More Pamela Maio, P. 503-706-7711 Email: inkberryprinting@comcast.net www.inkberryprinting.com PROPERTY MANAGERS Acorn Property Management, LLC - PDX Katie Poole-Hussa, Property Manager Office: 971-352-6760 Cell: 541-968-1703 www.acornpm.net Action Management Wendi Samperi P.503-710-0732 Alpine Property Mgmt & Maintenance Tiffany Laviolette, P.503-641-4620 4800 SW Griffith Dr., #209, Beaverton, OR 97005 www.alpinepdx.com Bluestone & Hockley Real Estate Service Cliff Hockley, P.503-222-3800 9320 SW Barbur Blvd. Ste 300, Portland, OR 97219 Fox Management, Inc. Tressa L Rossi, P.503-280-0241 C.503-750-8124 F.503-280-0242 2316 NE Glisan St., Portland, OR 97232 Email: tressa@foxmanagementinc.com Gateway Property Mgmt P.503-303-8545 www.gatewaypdx.com Property Management Done Right

Orkin Pest Control Dan Wolcott, Account Manager & Inspector P.503-384-8384 Email: dwolcott@orkin.com

IRC Property Management Full Service & Hands-On Management Residential & Commercial P. 503-999-0477 / info@ircenterprises.com

PLUMBING / DRAIN CLEANING Apollo Drain P.503-822-6805 www.apollo-drain.com facebook.com/apollodrain 24 hour emergency service We gladly quote prices over the phone

Kinetic Properties HONESTY, INTEGRITY, TRANSPARENCY P. 503-305-7204 or 503-305-7365 PO Box 903, Canby, OR 97013 www.kineticpropertiesllc.com

MJ’s Plumbing CCB#36338 Michael LeFever, P. 503.261.9155 1045 NE 79th, Portland, OR 97213 ProDrain & Rooter Svcs Inc West 503.533.0430 East 503.239.3750 Drain Cleaning/Plumbing www.prodrainpdx.com Rental Housing Maint. Svcs CCB# 163427 Gary Indra, P.503-678-2136 Fully Licensed to do it all Email: garyindra@rentalrepairs.com Soil Solutions Environmental Services Sewer inspection and repair P. 503-234-2118 Email: info@soilsolutionsenvironmental.com www.soilsolutionsenvironmental.com

RareBird Property Management P. 503-926-6214 info@rarebirdproperties.com www. rarebirdproperties.com Tangent Property Management, Inc. Ann-Marie Lundberg P. 503-594-2101 www.tangentpm.com The Cobalt Group Accounting and Business Consulting 1100 NE 28th Ave., Ste 100, Portland, OR 97232 P. 503-239-8432 Email: info@thecobaltgrp.com The Garcia Group Ron Garcia, P. 503-595-4747 5331 SW Macadam Ave. Suite 361, Portland, OR 97239 www.garciagrp.com Uptown Properties Chris Shepard, P.520-204-6727 2830 NW 29th, Portland, OR 97210 www.uptownpm.com Voss Property Management Richard Voss, P.503-546-7902 6110 N Lombard St. Portland, OR 97203 RADON Soil Solutions Environmental Services Radon Testing and Mitigation P. 503-234-2118 Email: info@soilsolutions-environmental.com www.soilsolutions-environmental.com REAL ESTATE SALES Bluestone & Hockley Real Estate Service Cliff Hockley, P.503-222-3800 9320 SW Barbur Blvd. Ste. 300, Portland, OR 97219 Denise L. Goding Keller Williams realty P.503-336-6378 C. 503-799-2970 www.denisegoding.com

Micro Property Mgmt.

We focus on the small details P.503-473-3742 Email: jeannie@micropropertymgmt.com

Elizabeth Carpenter, CRIS LizC Real Estate Investments, LLC C.503-314-6498, F.503-882-8680 Email: liz@lizcrei.com

MLK Property Management & Support Services LLC Management & Consulting Oregon License #200308196 Affordable & Conventional Compliance, Consulting, Staffing & Training Services P. 503-760-0088 2410 SE 121st, Suite 102, Portland, OR 97216

Engel & V ölkers - Portland - Lake Oswego Chris Cataldo 503-449-9502 Residential & Commercial Real Estate www.OregonInvestmentInRealEstate.com

Osmundson & Sons Onsite property management & maintenance 17 years of experience P. 503-960-8761 PropM, Inc Michelle Wrege, P.888-780-2938 Finding Home Owners Qualified Tenants www.propmhomes.com

Norm Rice, Realtor First Class Properties www.1stCP.com Howard Greenfield, P.503-936-6723 Principal Broker, Specializing in multi-family properties at Living Room Realty HowardTheRealtor@gmail.com IRC Real Estate Specializing in Investment Property P. 503-999-0477 Email: info@ircenterprises.com

RHA values our Affiliates, the goods and services provided to our membership, their participation in our Association and their continued support. RHA does not, however, warrant or guarantee the quality of goods and/or services provided by Affiliates. www.rhaoregon.org

RENTAL ALLIANCE UPDATE JANUARY 2018

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Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

Liz Dauw, Summa Realty, Realty Pro Phone: (503) 880-5561 Specializing in 1-4 Units, Oregon & Washington E-mail: liz@lizdrealtor.com Blog: www.facebook.com/LizdRealEstate HFO Investment Real Estate Greg Frick, P.503-241-5541 2424 SE 11th Ave., Portland, OR 97214 www.hfore.com RareBird Real Estate P. 503-451-0545 Email: info@rarebirdrealestate.com www.rarebirdrealestate.com The Garcia Group Ron Garcia, P. 503-595-4747 5331 SW Macadam Ave Suite 361 Portland, OR 97239 www.garciagrp.com RESTORATION / RECONSTRUCTION Clear Water Construction Services CCB#194703 Turnovers, Rehabs & Everything Else P. 503-974-6654 ~ F. 503-217-0308 Email: daleh@cwcsnw.com www.cwcsnw.com Kennedy Restoration Restoring Lives...Rebuilding Properties Since 1950 P. 503-234-0509 PDX, OR 360-693-5288 VAN, WA www.kennedyres.com Rental Housing Maint Svcs CCB# 163427 Gary Indra,P.503-678-2136 Fully Licensed to do it all Email: Garyindra@rentalrepairs.com www.roofpdx.com Servpro NW Portland Serving the entire state of Oregon P. 503-283-3658 F. 503-444-7130 www.servpronwportland.com

ROOFING Good Affordable Roofing Services LLC CCB # 208939 For all things roofs we do it Good & Affordable Call today 971-312-7767 Email: goodaffordableroofingservices@gmail.com www.goodaffordableroofingservice.com Real Estate Roofing Service CCB# 149575 Lynne Whitney, P.503-284-5522 Free Inspections.

ReRoof and Repairs. www.realestateroofing.com

WATERPROOFING / CONCRETE REPAIR D&R Waterproofing, Inc. Ray Elkins, P.503-353-1650 8890 SE McLoughlin Blvd., Milwaukie, OR 97222 www.drmasonry.com WINDOWS / STORM WINDOWS Goose Hollow Window Co Inc CCB# 53631 Mary D. Mann, P.503-620-0898 Energy Trust Trade Ally Email: marymann@goosehwc.com www.goosehwc.com

SEAL COATING Hal’s Construction Inc. CCB# 34434 Brian King, P.503-656-4999 20666 S HWY 213, Oregon City, OR 97045 www.halsconstruction.com Email: halspave@easystreet.net Seal Coat Specialties, LLC-OR CCB#197991 WA Seal CSL 882m3 Asphalt maintenance Chuck Jordan, P.503-914-9837 Email: sealcoatspecialties@hotmail.com SEWER Soil Solutions Environmental Services Sewer inspection and repair P. 503-234-2118 Email: info@soilsolutionsenvironmental.com www.soilsolutionsenvironmental.com STRIPING Seal Coat Specialties, LLC-OR CCB#197991 WA Seal CSL 882m3 Asphalt maintenance Chuck Jordan, P. 503-914-9837 Email: sealcoatspecialties@hotmail.com

RHA values our Affiliates, the goods and services provided to our membership, their participation in our Association and their continued support. RHA does not, however, warrant or guarantee the quality of goods and/or services provided

by Affiliates.

EMBERSHIP AND ENTOR MEETING

• • • • •

OUR MEMBERS MATTER!

Even numbered months: 4th Thursday at 6pm Odd numbered months: 3rd Saturday at 11am Open to the public Mentoring for new and established members Learn more about RHA Oregon and what membership benefits are offered • Refreshments provided

RHA Conference Annex- 10530 NE Weidler, Portland OR, 97220 22

RENTAL ALLIANCE UPDATE JANUARY 2018

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rental housing alliance oregon 10520 NE Weidler Portland, OR 97220

PRSRT STD US POSTAGE PAID PORTLAND, OR PERMIT NO. 655