In this week’s roundup from Oregon Rent Control Central, we delve into the potential impact of Oregon’s new rent control and eviction laws and how they might affect investors and their decisions. René Nelson discusses the steps multifamily property owners should take in advance of a 1031 exchange, and Rachel McLaughlin provides information about the three property identification rules for 1031 exchanges. Zoe York, MAI appraiser, looks at the history of market trends and explores gross rent multipliers (GRMs). Finally, real estate and property management attorney Brian Cox delivers some insight into managing troublesome tenants and handling rent increases in light of Oregon’s new rent control law. Consider Oregon Rent Control Central your most reliable source for information about how Oregon Senate Bill 608 will impact multifamily property owners.
Zoe York, MAI Appraiser
Many multifamily property investors are wondering how Oregon Rent Control SB 608 may impact the value of their properties. Zoe York, MAI Appraiser with Duncan & Brown, looks at the history of market trends with multifamily properties in Eugene, Lane County, Oregon. Looking at gross rent multipliers (GRMs) is the way appraisers look things.
René Nelson, CCIM, CRE
Rent Control Oregon: Steps Every Multifamily Property Owner Should Take Before a 1031 Exchange – Pacwest Commercial Real Estate
If you’re starting to think about moving from multifamily properties into commercial real estate investment, it’s good to think ahead and understand the process in front of you. Understand your potential tax consequences, the value of pursuing a 1031 exchange, and the steps involved in preparing to list your multifamily property.
Rachel McLaughlin, Exchange Facilitator
Rachel McLaughlin, exchange facilitator with Cascade Title Company, looks at three property identification rules for a 1031 exchange. If you are considering selling your multifamily properties due to Oregon Senate Bill 608, discover what you need to know about 1031 exchanges. You do not have to follow all three rules; you choose the one that best fits your situation.
Brian Cox, Real Estate and Property Management Attorney
Rent Control Oregon: Senate Bill 608 Troublesome Tenants and Rent Increases – Pacwest Commercial Real Estate
Since there have been landlords, there have been troublesome tenants. It’s just a part of things. The new Oregon Rent Control Senate Bill 608 has an impact on how multifamily property owners can deal with these tenants.
Real estate and property management attorney Brian Cox discusses strategies for tenant screening, handling troublesome tenants, raising rent, and protecting yourself in light of the new Oregon Rent Control Senate Bill 608. Considering the strict guidelines for no-cause evictions and for rent increases, landlords have to carefully strategize to remain compliant and watch out for their own interests.
“No investor should have to roll the dice on their financial freedom!™” When you are considering your options, get an expert on your team: René Nelson, CCIM, (541) 912-6583.
If you want more information about Oregon Rent Control SB 608, visit Pacwest Commercial Real Estate’s Oregon Rent Control Central for the latest information.
Due to the complex nature of these changes, Landlords should contact an attorney with any questions or clarification of Oregon Rent Control SB 608.