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Property Management Blog

Monday, January 7, 2019

The Six Top Amenities you should add to your Rental Property to Make it More Attractive to Renters.
Property Management Blog
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!
Property Management Blog
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.
Property Management Blog
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.
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...

Monday, October 29, 2018

Five Benefits of Hiring a Professional Property Management Firm
Property Management Blog
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...

Thursday, August 18, 2016

What Happens if there is an Emergency at my Rental Home?
Property Management Blog
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...

Thursday, August 11, 2016

Should You Professionally Stage a Residential Rental Property – Part Two
Property Management Blog
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...

Monday, August 1, 2016

Should You Professionally Stage a Residential Rental Property – Part One
Property Management Blog
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...

Wednesday, July 13, 2016

Selling Your Investment Property: What You Should Know
Property Management Blog
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,...

Thursday, June 16, 2016

Residential Lease Security Deposits &Trust Accounts
Property Management Blog
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...

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