Property Management Blog

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,...

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 documentation of rent and security deposit receipts from the resident...

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 on or after April 14, 2016.  If a notice has been sent p...

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, particularly as tenant candidates express their preference t...

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 a lot from Ryan, and we wanted to share his answers to our...