Property Management Gone Wrong

A few years back I took over management of a single residence home. I remember the owner reluctantly describing to me the damage done to the home by the recently vacated resident. I agreed to meet the owner at the property for a walk through and inspection. The condition of the home turned out to be worse than he realized. The junk furniture left behind was the least of this owner’s distress. Broken windows from an obvious break in, garbage piled on the side of the home, bags of rotten food thrown into the garage and what appeared to be the leftovers of an illegal marijuana grow operation including 25 large containers of wet dirt and marijuana plants stacked against the siding behind the home. Although I’ve seen this scenario with self-managed properties this rental was “professionally managed”.

Almost every rental property owner has their horror stories about bad residents, damaged properties and the difficult process of trying to evict bad residents and recoup losses. Here are five things that may alert you to the fact that your management company is not doing what they are being paid to do and it may be time to look for a new property manager.

If they stop communicating with you

Your property manager should know about any potential issues before you do. They should be on top of things at your property, and they should be reporting to you regularly. You shouldn’t have to ask them about your property and you shouldn’t have to spend time managing the property manager.

A good property manager will have regularly scheduled times to call or email you. If you are noticing a lack of communication it might suggest there is something your property manager is avoiding talking to you about. It may also be an indicator that it may be time to look for a new property manager.

Inspections are not being done

Property managers typically conduct a yearly inspection inside the property and a monthly inspection of the exterior. Regular inspections are necessary to ensure your property stays in good shape. You should receive a report that lets you know what sort of repairs are needed, whether there are any code violations, if your residents are taking care of the property and anything else you would need to know about your property. 

It is probably not a good sign if the neighbors are calling you to report that the grass is three feet high and the garbage hasn’t been picked up for months. If your property is not being inspected regularly it may be time to look for a new property manager.

Maintenance issues are not being addressed

Not making needed repairs will strain the best landlord-tenant relationship. Not to mention if the repair is major enough to make the place uninhabitable, your tenant might have grounds to break the lease.

If a tenant needs something repaired your property manager should let you know immediately and then arrange for the job to get done in a timely manner. If your tenant contacts you because they can’t get any help from your property manager, it may be time to look for a new property manager.

You are not receiving monthly reports

Every month, your property manager should send you a report of your income and expenses related to your property. The report should list how much rent was collected, how much was deducted in property management fees, how much was taken out for maintenance, etc. Other reports such as a rent roll, a delinquency report and periodic market surveys are also essential. If you or your accountant are not receiving the needed reports monthly it may be time to look for a new property manager.

You are consistently getting bad tenants

Properly screening potential residents is critical for reducing risk to your property, avoiding legal issues and preventing vacancy loss. Happy, long term residents will also cut down on turnover costs. Your property manager should be responsible for screening applicants. If they are moving in tenants that do not pay on time, damage your property and generally cause you grief it may indicate they were not properly screened. If this happening it may be time to look for a new property manager.

At Kinetic Properties, we are always looking to improve and welcome your suggestions. We’d be delighted to work with you.

Phone: 503-305-7204
Fax: 503-303-5809
Email: info@kineticpropertiesllc.com
16650 SE McLoughlin Blvd Milwaukie OR 97267

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Who wants a sushi restaurant in Oregon City? We do!

Featured Property - Sushi Restaurant in Oregon City

We are looking for someone to open a Sushi restaurant in Oregon City and we have just the spot! It is a perfect high traffic location with awesome street visibility. Downtown Oregon City has been growing and thriving lately with a lot of emphasis on new business. This particular location has hardwood floors, a rear entrance, two ADA restrooms, large retail windows, an alarm system and an office in the back of the space. This space would work well for a restaurant, retail clothing shop, shoe store or any other retail.

Do you live or work in Oregon City or West Linn? Wouldn’t it be awesome to just go grab some Sushi with friends or coworkers for lunch or dinner in downtown Oregon City. We advocate supporting local small businesses so give us a call if you are in the market or just considering a new or additional retail location.

Retail Space - 716 Main Street, Oregon City, OR 97045

$2800 / month / 1900 Square Feet

Available NOW! Give Shauna a call to set up an appointment.

Phone: 503-305-7204
Fax: 503-303-5809
Email: info@kineticpropertiesllc.com
16570A SE McLoughlin Blvd., Milwaukie OR 97267

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PHENOMENAL Rental Opportunities in High-Visibility Outdoor Mall

It’s not often that space opens up in high-visibility and high-traffic locations in SE Portland. We’re excited to offer you four sites to choose from on SE McLoughlin Boulevard in Milwaukie.

If it’s office space you’re looking for, we’ve got it! 800 square feet at 16570B SE McLoughlin Boulevard. And there’s plenty of parking for your clients. Be as creative or as buttoned-down as you like in this space you’ll call your own. Fresh paint, nice carpet, and a private bathroom. The rent is $800/month and it’s available now. Please call Tobin at 503-548-7677 to make an appointment.

Full Listing

If you own a tanning salon and are looking to expand, or you’d like to open your first, or maybe a nail or beauty salon, we have the spot! The previous tenants left behind tanning beds that may be open for negotiation. Nice reception area and private bathroom, and 2400 square feet to work with. If that’s too large for you, it can be divided into two 1200 square feet spaces. How about a tattoo salon? Let your imagination run a little wild here. Your address will be 16650 SE McLoughlin Boulevard, and people driving by will see your business. There’s ample parking for everyone. The rent is $2400/month for the entire space, and $1200/month for each space if you divide it into two. Maybe you’d like to go into business with a friend? Please call Tobin at 503.548.7677 and take a look!

Full Listing

“Dance Moms” will have nothing on you if you rent the space at 16660 SE McLoughlin Boulevard and open a dance studio or yoga studio, or maybe Pilates? This 1200 square foot space has a reception area and two studios ready to go. There’s a private bathroom and plenty of parking. For only $1200/month you should almost see your profits come in as soon as you sign the lease. What are you waiting for? Please call Tobin at 503.548.7677. You don’t have to bring your tutu.

Full Listing

How about renting a parking lot? What a crazy and wonderful idea! 10,000 square feet of space for only $2000/month. If you get your permits in order you can put on swap meets, charity events, auto shows, food truck parties, and whatever else you can think of that’s legal, at 16550 SE McLoughlin Boulevard. There are no marked parking spaces, so you can imagine this as a blank canvas. Please call Tobin at 503.548.7677 to discuss the details. This really might be a once-in-a-lifetime opportunity. Don’t let it get away!

Full Listing

If there’s something here that appeals to you, please call to make your appointment. The rental market is heating up, as you know. We’ll do everything we can to make you happy in your new space. It’s what we do at Kinetic Properties. It’s what we pride ourselves on. We look forward to hearing from you.

All Commercial Listings

At Kinetic, we are always looking to improve and welcome your suggestions. Please give us a call if you’re looking for a property to own or rent or if you need a management company with your best interests in mind.

Phone: 503-305-7204
Fax: 503-303-5809
Email: info@kineticpropertiesllc.com
16570A SE McLoughlin Blvd., Milwaukie OR 97267

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Medical Office Space in Portland - PRICE DROP!!

Featured Property – Price Reduced! Don’t miss this great opportunity to rent 2520 square feet of medical office space. Spring is a time for new beginnings, so whether you’re opening your first medical practice or you’d like to move your existing practice, or you’re looking to expand your practice, this is where you want to be. A charming building with plenty of parking, you and your patients will be glad you made the move.

DON’T MISS this Sunny Medical Space for Rent

9900 SW Hall Boulevard, Suite #200, Portland, OR 97223

The first floor of this dedicated medical building is occupied by a well-established foot and ankle specialist and also has a physical therapy office. You will be upstairs with facilities that include a well-appointed reception area, examining rooms, and space for a lab and a storage area. There are two stairwell entrances, and elevator access.

All of this can be yours for only $3780 a month.  The property is available on April 1^st. You won’t find a value like this anywhere else. How do we know? Because we’re in the business of property management. Not much gets by us.

As a bonus, you’ll be close to Metzger Park, which is seven acres set in a forested environment. A perfect place for you and your staff to get outside and clear your heads if you’d like to. Or for your patients to take a stroll.

Don’t put this off. The rental market is heating up. Please call us to make an appointment to see this office space. We have a feeling that this is just what you’ve been looking for. And we’ll do everything we can to make you happy there. It’s what we do at Kinetic Properties. It’s what we pride ourselves on.

Available Now! Call Shauna at (503) 305-7204 | Full Listing | All listings

At Kinetic, we are always looking to improve and welcome your suggestions. Please give us a call if you’re looking for a property to own or rent or if you need a management company with your best interests in mind.

Phone: 503-305-7204
Fax: 503-303-5809
Email: info@kineticpropertiesllc.com
16570A SE McLoughlin Blvd., Milwaukie OR 97267

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Featured Property – 9900 SW Hall Boulevard, Suite #200, Portland, OR 97223

Sunny Medical Space for Rent

Whether you’re opening your first medical practice or you’d like to move your existing practice, or you’re looking to expand your practice, we have the perfect spot for you. A charming building with plenty of parking, this 1400 square foot layout could be just what you’re looking for.

The first floor of this dedicated medical building is occupied by a well-established foot and ankle specialist and also has a physical therapy office. You would be upstairs with facilities that include a well-appointed reception area, examining rooms, and space for a lab and a storage area. There are two stairwell entrances, and elevator access. 

All of this can be yours for $2800 a month. There is a security deposit of $2750, and an application fee of $50. The property is available on April 1^st.

This building itself is close to Metzger Park, which is seven acres set in a forested environment. A perfect place for you and your staff to get outside and clear your heads if you’d like to. Or for your patients to take a stroll.

Please call us to make an appointment to see this office space. We have a feeling that this is just what you’ve been looking for. And we’ll do everything we can to make you happy there. It’s what we do at Kinetic Properties. It’s what we pride ourselves on.

Available Now! Call Shauna at (503) 305-7204 | FullListing | All listings

At Kinetic, we are always looking to improve and welcome your suggestions. Please give us a call if you’re looking for a property to own or rent or if you need a management company with your best interests in mind.

Phone: 503-305-7204

Fax: 503-303-5809
Email: info@kineticpropertiesllc.com
16570A SE McLoughlin Blvd., Milwaukie OR 97267

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Featured Property – 716 A Main Street, Oregon City, OR 97045

Retail Space in the Heart of Downtown Oregon City

At Kinetic, we are committed to providing the best service possible to our owners and tenants. So, this week and every week we will be featuring a commercial or residential property, to put tenants with owners. We work with some of the best property owners in Portland or anywhere for that matter.

This week we have a great location in the beautiful historic downtown Oregon City.

716 A Main Street, Oregon City, OR 97045

This retail space has hardwood floors, a rear entrance, two ADA restrooms, large retail windows, an alarm system, one office in the back of the space. This space would work well for a retail clothing shop, shoe store, restaurant or any other retail. The space is located just one block south of the Clackamas County Courthouse, in a booming and changing downtown. There are several trendy restaurants and retail shops nearby giving this historic town a fresh, vibrant atmosphere. The City of Oregon City is actively seeking new businesses and development projects to help beautify and grow their downtown corridor.

1900 Sq. Ft. | Lease Type: Modified Gross | Rent: $3200 | Security Deposit: $3,200 | Application: $50

Available Now! Call Shauna at (503) 305-7204 | Full Listing | All listings

At Kinetic, we are always looking to improve and welcome your suggestions. Please give us a call if you’re looking for a property to own or rent or if you need a management company with your best interest in mind.

Phone: 503-305-7204
Fax: 503-303-5809
Email: info@kineticpropertiesllc.com
16570A SE McLoughlin Blvd Milwaukie OR 97267

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5 Things Every Real Estate Investor Needs to Know!

Every real estate investor is an idealist in the beginning. While the prospect of large profits and huge income streams is always appealing, possessing a working knowledge of what you are getting yourself into is essential to success. Even if you are a seasoned real estate investor it is unrealistic to assume you know everything. Due diligence and continuing education are critical to making money as a real estate investor. Here are five basics that every new investor should consider:

1. 9 to 5 Does not apply: Investing in real estate requires putting in the time. You may need to knock on doors, attend after hours networking meetings and do some reading to educate yourself. You will need to call, email, direct mail, network, follow leads and be ready to act when an opportunity presents itself. It will require consistent effort to be successful. Often, deals will go to whoever is willing to outwork everyone else. You should expect to work nights and weekends just to keep up with your competition. As simple as being an investor is at times, it takes persistence and hard work to be successful.
2. Wrap Your Head Around the Process: No one can be an expert in every area of real estate investing, but you must possess an understanding of the process. While an understanding of the process is crucial for the offer and purchase, it is equally important for what your plans are after the deal is done. If you are looking to flip a property, you will need a thorough inspection to know what the rehab costs will be, have a reliable contractor, correctly assess resale value etc. If you want to add rental properties to your portfolio you will need to know what’s happening in the current rental market, what is required as a landlord and what the current tenant, landlord laws are in your area. It may save you money in the long run to hire industry professionals such as a real estate agent or real estate manager to assist you. The better you understand the process, the better investor you will be.
3. Find Your Comfort Zone: While large income streams and huge profits are entirely possible, it takes time to learn the industry. Finding traction may mean taking smaller deals at the start. Working on smaller deals may lower your risk while giving you an opportunity to learn the business and still make a profit. In most cases, you will not be able to retire off the income from your first investment. You may need to temper your expectations at the beginning. Making less money to get a deal done is not a bad thing when you are just starting out. Focusing on smaller deals inside a geographic area you’re comfortable with is one of the easiest ways to get your feet wet and learn the business.
4. Only Take on What You Can Handle: It may not be realistic to go from zero to hero overnight. Even seasoned real estate professionals find handling multiple projects a challenge. Growing too fast can be as detrimental to your business as not growing at all. Taking on a deal that you aren’t prepared for increases risk and could potentially cost you money. There is a big difference between following leads and closing deals. It can take months or even years to get the hang of real estate investing. In growing too quickly, you can damage your business in a way that may be difficult to recover from especially if you do not have large cash reserves. If the speed of your growth exceeds your ability to perform due diligence or effectively assess the risk of potential investments, you’re growing too fast.
5. Be a realist: If you have been bitten by the real estate bug you will always be on the lookout for more deals. Successful investors make decisions based on the facts and strive to not allow their emotions to get in the way. This requires a system to provide you with an accurate picture of the costs, risks and financial benefits of a property before you close. Manipulating the data to convince yourself that a property can make money when it can’t won’t be a good business practice. Enough negative cash flow will eventually destroy your business. True numbers do not lie. A cash flow analysis will be a great help in determining the potential profitability of a prospective property. Once you own the property you will need to have a system to evaluate key metrics to ensure sustainable property performance.

In my 18 years as a property manager, I’ve seen these concepts, as simple as they may be, make or break many neophyte real estate investors. Though this list is far from exhaustive it may provide the new investor with some “food for thought” and a starting place for further discovery.

At Kinetic, we are always looking to improve and welcome your suggestions. Please give us a call if you’re looking for a property to own or rent or if you need a management company with your best interest in mind.

Phone: 503-305-7204
Fax: 503-303-5809
Email: info@kineticpropertiesllc.com

16570A SE McLoughlin Blvd - Milwaukie, OR 97267

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