TMG Property Management Services NW, helmed by owner and founder Carmen Villarma, is named one of the Top Women-Owned Businesses in Oregon and Clark County, per the Portland Business Journal’s 2020 Ranking based on number of employees. TMG moves into the Top 5 spot this year, up from its 7th spot in 2019, as it …
TMG Property Management Services NW, one of Portland Metro Area’s top property management firms, was awarded the management contract of Blanton Commons, the first Portland market multifamily acquisition of San Diego-based real estate investor and operator, Vanamor Inc. Blanton Commons is a 4-story midrise apartment property with 32 units located in the sought-after Beaverton neighborhood …
Introduction On September 1, 2020, the Department of Health and Human Services (HHS) Centers for Disease Control and Prevention (CDC) issued an Agency Order halting residential evictions through December 31, 2020. The Order is replete with legalese and is therefore a bit complex. The purpose of this lecture handout is to translate much of the …
City of Portland FAIR Ordinance On March 1, 2020, the FAIR Ordinance passed in the City of Portland. The ordinance is divided into two sections: Evaluation of Applicants for Dwelling Units Security Deposits, Pre-Paid Rent The effect of the Evaluation of Applicants for Dwelling Units portion is stricter rules about how Landlords screen and evaluate …
Everything you need to know about Portland’s Fair Ordinance and Tenant Screening Read More »
Residential Rental Units within the City of Portland Limits Relocation Assistance applies to residential rental units within Portland city limits, which can be managed by an owner, a sublessor, or property management company. The units can have either month-to-month rental agreements or fixed-term tenancies, such as 6-month or 1-year leases. Renters in Portland who are …
Everything you need to know about Portland’s Relocation Ordinance, EO 20-13 & HB 4213 Read More »
(This Eviction Moratorium has since been updated last September 1, 2020. Read the Federal Update.) In the wake of the COVID-19 pandemic, state governments throughout the country have enacted emergency measures imposing moratoria on evictions. The following is a summary of emergency orders and proclamations issued in Washington and Oregon affecting evictions and lease …
As a real estate investor, you have 2 options for managing your properties. One option is to be a DIY landlord, and the other option is to hire a professional property manager. If you’re asking yourself “should I hire a property management company, or should I self-manage?”, there is no right or wrong answer. However, …
You may have seen the Netflix hit “Tidying Up” with Marie Kondo. Her decluttering and organizing methods have inspired the world. We’re sharing some of her greatest tips below. If you’re getting ready to move, this advice can really help with your packing process as well. Tackle categories instead of rooms. Organizing room-by-room …
We’re all feeling it. As the stay-at-home weeks drag on, we’re anxious to get back to life as we knew it before Coronavirus. We’re ready to have a meal in a restaurant with friends and family, go to a concert, go shopping, go to church, and so on. You might be dealing with extra stress, …
Tax time is approaching quickly. Here’s a brief introduction to what property investors need to know about types of taxes on rental real property. What Tax Form Do I Use to Report Rental Income? Rental income is reported on your tax return using Form 1040, Schedule E. You’ll list your rental income, expenses, and depreciation. …
Rental Properties and Taxes: What You Need to Know Read More »
We all know that investing in rental real estate is one the best things you can do for your portfolio. But, as you may have already experienced, it is a large time commitment and requires a lot of knowledge and effort. Whether you are thinking about becoming a landlord for the first time, or the …
What are the responsibilities of a property management company? Why might property owners and real estate investors choose to hire a property management company? In a previous blog post, we went into some detail regarding what a property management company does. You can find that post here. For this blog post, we thought we’d delve …
Property Management Responsibilities: The Management Group Read More »