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Property Management Blog

Monday, September 2, 2019

Making Your Property More Attractive to Baby Boomers
One of the latest trends that illume Property Management has tracked is the growing need for properties to attract the Baby Boomer generation, which accounted for 58.6% of the net increase in renter households from 2006-2016. A Trulia study showed nearly an even split among the 55-and-older crowd between those wanting to downsize and want...

Monday, August 19, 2019

Top 6 Amenities to make your Multi-Family Rental Property More Appealing
  The Portland rental market is very competitive – adding some amenities will go a long way to enhancing your property’s marketability:Bike storage: Cater to tenants who are part of the bicycle revolution by providing bike stations for parking and storage.Common areas: Tenants want to get to know their neighbors...

Thursday, August 15, 2019

Baby Boomers are Simplifying Their Life and Downsizing and This Effects their Housing Choices
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 apartment rentals by 2023.The expert property managers at ill...

Friday, May 10, 2019

Attracting Millennial Renters Requires New Tactics
Appealing to millennial renters’ tastes challenges even the best property managers. Needless to say, the old method of staging, designing, or promoting your property no longer works with this unique demographic.More and more, illume Property Management finds that renters seek simplicity and functionality across the board, complement...

Friday, May 3, 2019

Timely Maintenance Surveys Save You Time and Money
One of the biggest expenses that property owners face annually is maintaining their property. Having to fix issues that crop up over the year can take up valuable time and money that otherwise can be spent investing on your business.Performing timely maintenance surveys and fixing issues before they become major headaches can save you bo...

Monday, January 7, 2019

The Six Top Amenities you should add to your Rental Property to Make it More Attractive to Renters.
You’re thinking about making some upgrades to your multifamily rental property to enhance its marketability in the competitive Portland market.illume Property Management is up on the trends regarding which amenities provide the biggest bang for your investment buck. Here are some upgrades to consider for your multifamily complex.Bik...

Monday, December 10, 2018

Tenant Screening: It’s more complex than you might think!
Tenant Screening: It’s more complex than you might think!There are a multitude of tenant screening services to choose from with varying levels of accuracy. Some tout “Instant Credit Reports” which can provide with “false positives” (i.e. information on an entirely different person with the same name) which ma...

Monday, November 26, 2018

Taking the Guesswork out of how Much to Charge for your Rental.
When it comes to managing your property, determining what rent to charge can make or break your investment.Fortunately, Illume Property Management takes the guesswork out of this task. We’ve introduced a free rental analysis calculator on our website that takes these factors into account to determine the ideal rent to charge for you...

Monday, November 12, 2018

Residential Property Management Corner: Baby Boomers are Simplifying Their Life and Downsizing.
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 apartment rentals by 2023.The expert property managers at illu...

Monday, October 29, 2018

Five Benefits of Hiring a Professional Property Management Firm
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 you to relax and enjoy these benefits: Sleep easy: Your t...

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