The Surprising Truth Of Being A Landlord In OR

Do you own a rental property in OR? Make sure you know the surprising truth of being a landlord in Eugene because it’s not always what you think it’s going to be…

truth about being a landlordOwning a rental property seems like a great idea. You buy it cheap, you find a tenant, and then you profit from the rental income while you manage the property… how hard could it be?

Problem is, it’s often much harder than people realize and you may find (as many landlords do) the surprising truth of being a landlord in OR: You give up your personal life – no more private time, no more vacations, no more weekend getaways… all because you’re so busy as a landlord. Add in regulation like SB 608 and now you have more issues to deal with. What do you do if you discover your tenants growing pot and cooking meth in your house!

There’s the work required

Owning a rental will keep you busy. There’s the work required to find the property, then to fix it up, then to find a tenant, then to answer the phone from them every time they call. Even if they call late at night because the toilet is overflowing, you have to take their call and deal with it. That means: no more vacations, either, because what will happen if the toilet overflows while you’re in a different country?

There’s the time

Some landlords try to own a rental property while they have another job but many discover that it’s just as time-consuming… it’s like having a second full-time job! Between chasing down your tenants to fixing things around the house, it’s one thing after another and you may simply not have time to work at your other job… and that’s with ONE rental property. Landlords who own two or more are even busier.

There’s the cost

Rental properties aren’t cheap. Sure you get some rental income from the tenant but you also have to take care of the property, fix it up, make upgrades, and repair it if the tenants trash it when they leave. In other words, the costs add up and the financial rewards of owning a rental property may not be there for you.

There’s the regulation

Senate Bill 608 was recently voted in to law first part of 2019. In short this law regulates what a landlord can charge for rental increases. We can go into this complicated topic at a later date but what you already know is it’s adding a ton of frustration and liability to the landlord. This is causing many to just give up and cash out. While this may be a viable option I urge you to think creatively and explore the options available to you.

There’s the stress

When you add up all of those things so far, it equals STRESS! You’ve got so much to juggle with the rental property, and you worry about it constantly, and perhaps you even fear opening the mail because you may find bad news in the next envelope. That’s no way to live.

If you own a rental property and want to get rid of it, we can help. Let’s explore the options you have because you might believe that listing with an agent is your only choice. Nothing could be further from the truth. We specifically specialize in creative exit options. We buy properties in very creative ways (even frustrating rental properties that have damage or bad tenants you can’t get rid of). Can we make you an offer on yours?

Click here now and fill out the form or call our office at 541-780-2424 and we’ll make you a fair offer today.

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