Property Management Blog

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...

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...

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...

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...

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...

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...

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 situation is causing an immediate danger or threat, call 911. Ex...

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 spruce up your residential rental in Portland OR or anywhere in t...

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 imagines living in that space. Our question: should you sta...

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 you establish an exit plan for yourself?  In other words,...