Blog

Residential Property Management Corner: Baby Boomers are Simplifying Their Life and Downsizing.

By Erlin Taylor Monday, November 12, 2018

One of the most recent trends in multi-family rental property management sees couples downsizing from their family home. For example, the National Multifamily Housing Council recently released a report indicating that baby boomers will be responsible for 60% of the increase in ap...

Five Benefits of Hiring a Professional Property Management Firm

By Erlin Taylor Monday, October 29, 2018

You just purchased a rental property. Congratulations! Now, you’re wondering whether hiring a property manager to handle your rental makes sense. Entrusting your property to an experienced manager means letting them take the day-to-day stress off your shoulders, allowing yo...

What Happens if there is an Emergency at my Rental Home?

By Erlin Taylor Thursday, August 18, 2016

If an emergency happens at the home or apartment you are renting, the first thing to do is make sure to get you and your family to safety! The safety and security of the residents in the home is our number one concern when dealing with an emergency situation.If the emergency situ...

Should You Professionally Stage a Residential Rental Property – Part Two

By Erlin Taylor Thursday, August 11, 2016

We started a conversation with Amy Troute of Inspired Interior Design last month about whether you should stage a residential rental property. Her advice was a resounding “yes” … click here to read that article. What other recommendations does Amy have to spruc...

Should You Professionally Stage a Residential Rental Property – Part One

By Erlin Taylor Monday, August 1, 2016

We hear a lot of talk about staging a property before it is put on the market for sale. Why? For the same reason sellers strive to improve curb appeal: it puts a special shine on the property, helping to put the proverbial best foot forward when a buyer crosses the threshold and...

Selling Your Investment Property: What You Should Know

By Erlin Taylor Wednesday, July 13, 2016

You’ve owned a nicely performing residential investment property for some time now: your resident tenants are stable, rent checks are delivered on time, and overall the property is physically in good shape. When you first adopted this investment strategy, did yo...

Residential Lease Security Deposits &Trust Accounts

By Erlin Taylor Thursday, June 16, 2016

Illume Property Management takes pride in serving as a trusted liaison between property owner and residents in all residential lease transactions. One way we achieve this is by preparing and tracking all required paperwork as well as the timely collection and documenta...

Portland Rental Rate Increase Rules: April 2016

By Erlin Taylor Friday, May 27, 2016

Increases in rental rates is on the minds of both landlords and residents here in Portland Oregon. The legal team at Illume Property Management has studied the rules carefully, and we wanted to share with everyone the language in effect for any increases in rent occurring o...

Pets & Smoking in a Rental Property: When to Allow

By Erlin Taylor Monday, May 16, 2016

Property owners are sometimes hesitant or confused about whether to allow pets or smoking in their home or apartment rentals. While their apprehension is definitely understandable, Illume Property Management does have advice to guide landlords in making these critical decisions, ...

Landlord & Residents: Answers to Top 6 Insurance Questions

By Erlin Taylor Tuesday, April 26, 2016

Recently, we sat down with Ryan Coffman of Farmer’s Insurance, one of our preferred insurance vendor partners here in Portland, Oregon to talk about the distinctions between insurance products available to both landlords and tenants on rental properties. We learned...