3 bedroom in Triple Ridge

New, spacious 3 bedroom, 2.5 bath, two level house in Redmond off SW Coyote. Close to Ridgeview High school and easy access to the highway. Has gas fireplace, washer dryer hookups, two car garage, and large yard.
Access to Triple Ridge pool and amenities included with rent.
Property is pet-friendly, references required and 35 lb weight limit.
Tenant pays utilities.  

Senate Bill 608

Senate Bill 608

The ramifications for landlords

 

If you have been paying attention to the current legislative session that has been happening in Salem you have most likely heard about the passing of SB 608, the 24 page document that is changing the face of land-lording in the state of Oregon. Having read through the bill,  I as a landlord, personally do not find it to be as devastating as many in my industry have made it out to be and here is why.

 

First, let’s start with a handful of things that were originally proposed by advocacy groups:

  • Rent control, limiting the amount rent could be raised by 2% per year
  • The elimination of “No Cause Notices”
  • Vacancy Control, limiting the amount rent could be raised to 2% even if a tenant moves out
  • Relocation costs up to $5,000 paid by the landlord to the tenant prior to move out
  • Elimination of leases allowing tenants to leave whenever they so choose, but if a landlord asks the tenant to leave they would be responsible for relocation costs

 

Thankfully, none of these came to fruition, though there are a some changes to the landscape that I will be going over, and hopefully allow you to prepare for the change in the investment landscape.

 

For Cause Evictions

For causes evictions thankfully have not been touched, allowing landlords to deal with problem tenants just as they have before but there have been some additional changes to comply with some of the new regulations that have been put in place. Landlords can still evict for tenant based causes such as non-payment of rent, violation of the rental agreement and outrageous conduct as well as other issues that may arise over the course of a tenancy.

There is a new provision that is being added that is a “landlord based” for cause eviction, the four reasons are

  • the home is either being sold and will be owner occupied,
  • the landlord needs to repair or renovate the home  
  • the home is being demolished and will no longer be habitable  
  • it is being removed from residential use.

If the landlord is exercising any of these four options they will have to give a minimum 90 day notice and will have to pay a relocation fee equal to one month’s rent.

Exceptions to this law are landlords with 4 our fewer units not having to pay relocation costs and owners that live on site with two units or fewer can still use no cause notices to remove a tenant.

 

Month to Month Tenancies

 

Month to month tenancies have not changed very much, landlords can still use a No Cause eviction to remove a tenant as long as it is accompanied by a minimum 30 day notice. After the first 12 months of occupancy the landlord may only terminate for cause stating a tenant based reason or, one of the four landlord based reasons.

 

Fixed Term Tenancies

 

Fixed term tenancies have a few more wrinkles that are being thrown in, the biggest being an automatic renewal of lease on a month to month basis after the first 12 months have passed. In regards to termination of the lease a landlord can still issue a no cause notice for termination in the first 12 months of the lease as long as it is accompanied by a minimum 90 day notice. After the first 12 months the fixed term lease will automatically turn to a month to month and termination will only be able to be completed through a for cause eviction.

The exception to the automatic renewal is if the tenant has violated the terms of the lease three separate times during a 12 month period, but it must be accompanied by written warnings given with each violation.

 

Rent Increases

 

This is the part of the bill that was called the rent control aspect but frankly isn’t too detrimental as a landlord if you keep on top of your rents. Under this bill landlords can raise their rents up to 7% PLUS Consumer Price Index West (CPI-W) in a given 12 month period. The current CPI-W is sitting at 3.2% allowing a 10.2% rate increase annually, nothing to be alarmed about. Rent increases will only be allowed after the first 12 months of occupancy and must be accompanied by a minimum 90 day notice of increase as per the current laws.

The exceptions to this are buildings that have been built within the last 15 years and new tenancies, in these cases the rent may be raised over the 7% plus CPI-W, unless the previous tenant received a no cause eviction or the lease was not allowed to roll over, then the landlord could only raise rent 7% plus CPI-W

 

My Take

 

My take on this new bill is that it is setting the unprofessional property manager up for failure. If you are a manager who has quality paperwork, documenting, and screening processes as well as scheduled rent increases you should be fine. Also, as this is most likely going to be pushed through in the next couple months and signed into law through emergency action now is the time to remove any tenants that are not quality as it will become much more difficult as well as costly. Personally, I find that this is the time to get a good property manager if you have fallen behind on rent and are dealing with difficult tenants because as time goes on it will be much more difficult to correct bad behavior without having to resort to detrimental means for tenants.

NW Canyon

This 2 bedroom, 1 bath duplex is located on the north end of Redmond. New paint throughout. Large backyard with views of the Cascades and overlooking the dry canyon.
Tenant pays all utilities and is responsible for yard care.

228 11th

This 2 bedroom, 1 bath home is located in Redmond. Water, sewer and garbage included. Laundry on site. No garage.
Storage room on the deck.

Furnished Apt

This lovely furnished apartment is ready for move in, located in an ideal neighborhood with alley access and backing up to a park it has all the privacy one could need. Furnished with everything from bed to silverware it has everything that one would need to live very comfortably. Two parking spaces this unit will not be on the market long.
$1200 with $100 per month for utilities, wifi and cable included
Renters insurance required.

Country Club

This 3 bedroom, two bath home is located just south of Bend. Large lot with lots of room. Underground sprinklers. 

11th ADU

 

This one bedroom apartment is located in the heart of Bend, just off of 8th Street. Brand new unit with lots of natural lighting.
Modern look and feel. Solid surface flooring throughout. Washer and dryer hookups downstairs. Space for one car to park outside.

Kaci Lane

This lovely home on Kaci Ln is a real gem. Nestled on the East Side of Bend, this 3 bedroom 2.5 bath home with officeis in a quiet neighborhood, close to shopping as well as walking trails. This home has a gas range, furnace and fireplace. Sporting new paint as well as flooring, this will be a perfect home for anyone who is looking.
Large fenced backyard as well.
Pets considered with references.
Please read our screening criteria on our website prior to submitting an application.
Tenant pays all utilities.
Renters insurance is required.

 

Stacy Lane

This lovely 3 bedroom home has hardwood floors in an open floor plan with freestanding gas stove in the living room. The master bedroom is on one side of the living area and the 2 bedrooms are on the opposite side with a hall bath between. The vaulted ceilings give this a very roomy, open feeling with lots of natural light. The bedrooms are carpeted. The laundry room has a washer and dryer and laundry sink. There is a deck that runs across the back of the home with steps down to a grassy area that is not fenced.
Tenant is responsible for yard care. Renters insurance is required.

Canyon Duplex

This is a single level duplex on the canyon in NW Redmond. 2 bedroom, 1 bath. It has a large living room with woodstove and a slider to an enclosed patio. There is a detached single car garage. Washer dryer hookups are in the kitchen.
Yard care is included.
Renters insurance is required.

Jayhawk

This 4 bedroom, 3.5 bath, 2225 sq.ft home is located just east of town in Foxborough. Master bedroom on the main level with walk in closet. 1/2 bath on main level. Living room has a gas fireplace and cooking is gas. Hardwood floor in dining and kitchen.  There is a master bedroom on the 2nd floor along with 2 more bedrooms and a hall bath. There is a bonus room on the 2nd level. The double garage is entered from the alley and the back yard is fenced.  There is a 2 vehicle limit on this home and it has homeowner association rules.

35th St

This lovely home is located in Redmond off of Antler. At nearly 1600 sq ft this three bedroom house has plenty of space, not to mention a fenced side yard, office, walk in closet off of the master, RV parking, as well as a large three car garage. Gas heat and appliances. Rent $1750 per month, yard care included.
Renters insurance required. Dogs considered with references.
Please read our application criteria on our website prior to submitting an application.

Fresno ADU

This cozy one bedroom apartment is located in the heart of West Side Bend on Fresno. This brand new, never been lived in home is walking distance to restaurants and entertainment. Yard care included.  Washer dryer hookups, A/C.

Rent is $950. Renters insurance required.

Fresno

This two bedroom home is located in the heart of West Side Bend on Fresno. Walking distance to restaurants and entertainment. Yard care included. 

Rent is $1495. Renters insurance required. Small pets considered with references

Hood

This cozy 2 bedroom, 1 bath home is located on the Westside of Bend. Close to the river, Drake Park, and Galveston Ave.
Detached storage building. 

AA Green Acres

 

This lovely home is located on 10 acres just outside of Bend. 1000 square feet, 1 bedroom, with full kitchen. Fold out couch with a full size memory foam mattress. Queen size Aerobed available on request. Air conditioning and gas heat. Towels and linens provided as well as shampoo, soap and blow dryer. Kitchen comes stocked with a keurig coffee maker with coffee provided. Pots and pans and all dish ware as well.

Call for availability and pricing.

Available for short term rental starting in September thru to the end of April. Call to discuss terms and monthly pricing.

Green Acres

 

Available for longer rental term. January 5, 2019 through May 2019. $1600 per month includes utilities.

This lovely 1 bedroom, 1000 square foot home is located approximately 10 minutes from downtown Bend Oregon. It is located on a private 10 acres, with a very secluded feeling, and yet close to everything. Horses roam the property, and hiking is available behind the property with access to BLM. Dogs are welcome for an additional $25 cleaning fee. They must be well behaved and not chase livestock.

The living room has a nice open feeling and the couch is also a queen size sleeper bed, with memory foam mattress. The kitchen comes equipped with a small refrigerator, keurig coffee maker, toaster over, hot plate, and electric frying pan. Full size bathroom comes with your shampoos and other essential items. Extra linens and towels are provided.

Give us a call at 541.241.2150 for pricing and availability.

Freedom Is Hiding in Your Back Yard

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The price of housing in Central Oregon is going up. Rents are increasing, the Urban Growth Boundary isn’t expanding and developmental codes aren’t changing to accommodate the demand for smaller homes. This is an issue that is causing a stir locally, luckily, there is new a housing product that is being embraced around the area and starting to spread like wildfire.
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Brand new 3 bedroom duplex

This brand new 3 bdroom, 2 bath, 1500 s duplex is centrally located in Redmond.  Gas forced air heat and air conditioning. LVT flooring though out.
Fenced back yard. Nice large garage. Available now.  Tenant pays all utilities.

Westside house

 

This 2 bedroom, 2.5 bath home is located on the desirable westside of Bend. Close to shopping and entertainment. Nice open floor plan. The bedrooms are upstairs.
The master bedroom has its own attached bathroom, and there is a second bath in the hallway.
Nice large garage that is accessed from the alley.
Tenant pays for their own utilities. Mowing is included.
Renters insurance is required.

Deschutes Market

This 1 bedroom 1 bath with an office is located just outside of Bend on Deschutes Market Road. The office is accessed through the bedroom and can be used as a bedroom. The apartment is attached to the exterior of a large garage. The tenant will not have use of the garage. Water, sewer, garbage, basic cable and internet are included in the price. Tenant pays for their own electricity.

Renters insurance required

Negus Place

This home is located at the end of a cul de sac in the heart of Redmond. Three bedroom plus office. Fenced yard with storage shed. Additional parking next to the house for your RV or other toys.
Ignore the carpet in the picture, and this will be replaced soon. Tenant pays for own utilities.
Renters insurance required before move in.

Wickiup duplex

This 2 bedroom, 2 bath duplex is centrally located just off of Canal Blvd. Close to shopping and easy access to Hwy 97.
All new paint and carpet. Fenced yard. Gas heat. Yard care is included in the rent. Tenant pays own utilities.

Renters insurance required.

Small studio

This studio apartment overlooks the canyon in Redmond. Small refrigerator. No cooking appliances. Full shower.
Available 10/13/17

11th Place

This 2 bedroom plus office single level home is located close to Hollingshead Park. Just off of Jones Road, it is centrally located. Detached double car garage. Gas fireplace.

 

Kayak

This 3 bedroom, 2.5 bath home is located just north of Bend off of Boyd Acres Road. Nice small easy to maintain yard. Attached garage. Tenant pays their own utilities. Yard care included

Renters insurance required.

461

 

This 2 bedroom, 1 bath second floor unit is located in midtown Bend. Just off of 3rd street, it is conveniently located close to Juniper Fitness, shopping and the Old Mill. Brand new construction. Washer and dryer included. Very large kitchen. Storage unit available. No Pets.

Renters insurance required

Park Drive

This 2 bedroom, 1 bath home is located next to the Lapine State Recreation Area in Lapine just off of State Rec Road. It is convenient to Lapine or Sunriver. Lots of space. Attached single car garage. Home is on a well and septic system. Iron filter for the well that needs to be monitored.

Renters insurance required.