This week on Oregon Rent Control Central, we’ve got you covered on how your multi-family properties are affected by the new laws and how their value might change with René Nelson and Zoe York. If those changes have you looking to switch property types, Rachel McLaughlin explains what a 1031 exchange is to help you do that. And lastly, if you’re wondering about how this affects what you need to do for your tenants, Brian Cox discusses restrictions on no-cause evictions and what happens with leases under a property ownership switch.
Zoe York, MAI Appraiser
Rent Control Oregon: Potential Value Implications on Your Multifamily Property – Pacwest Commercial Real Estate
With the passage of Oregon Rent Control SB 608 many multifamily property investors are wondering about the potential value implications of the new law. Zoe York, MAI Appraiser with Duncan & Brown, looks at the recent trends we’ve seen in rents and occupancy for multifamily in Eugene Springfield.
René Nelson, CCIM, CRE
Rent Control Oregon: How Does Recent Legislation Affect Your Multifamily Property? – Pacwest Commercial Real Estate
It’s gratifying to help investors make the most of their real estate investments and financial freedom. With the passage of Oregon Senate Bill 608, I have already received phone calls from investors wishing to transition out of their multifamily property investments. There also seems to be an effect on out-of-state investors.
Rachel McLaughlin, Exchange Facilitator
Rachel McLaughlin, Exchange Facilitator with Cascade Title Company, looks into the benefits of a doing a 1031 exchange. She explains the terminology involved to help you become a more informed investor. In light of Oregon Senate Bill 608, know your options even if you don’t plan on making any changes right now.
Brian Cox, Real Estate and Property Management Attorney
Rent Control Oregon: Senate Bill 608 Restrictions on No Cause Evictions – Pacwest Commercial Real Estate
With the passage of Senate Bill 608, Oregon is now restricting no-cause evictions. This is a major change for landlords in the state. Real estate and property management attorney Brian Cox discusses the ins and outs of the changes multifamily property owners need to understand as a result of the new law.
“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.