Property Management Blog

What to know before you buy a rental property

While my standard advice is to buy real estate, it is important to buy right.  In other words you need to do your due diligence before purchasing your next rental property.  Some of the primary things to consider about the physical property are the location, unit mix, differed maintenance issues and repairs that might be needed now or in the near future.  An insp... read more >>

How much does it cost for a handyman to do repairs on a rental property in Albany, OR

Repairs and maintenance issues on your rental property can be one of your most expensive line items. 

Simple repairs that can be done in just an hour or two can end up costing several hundreds of dollars with many of the local handyman service companies or a local contractor.  Throughout the Mid-Willamette Valle... read more >>

How should I handle landscaping at my rental property?

Landscaping issues tend to be a hot topic, especially with owners of rental homes.  The conversation usually begins by the homeowner asking us if we can find a tenant that will take care of all the landscaping.  We generally respond with, “we can sure try”.  We always want to do our best for our owners.  However, time has taught us many lessons especially in the department of landscape upkeep.  Generally speaking, tenants do not take ... read more >>

Avoiding risk with your rental property.

With risk comes reward, however unnecessary risk brings liability that can cost you everything.  One of the biggest risks in rental property is in regards to negligence.  An owner or landlord of rental property can be negligent if they should have been aware of an issue and failed to address and resolve the problem.  This can take many forms but often we see it in regards to safety issues at the rental property.  For instance, a loose handrail that... read more >>

An Interesting Dilemma

The definition of a “dilemma” is:  A situation in which a difficult choice has to be made between two or more alternatives, esp. equally undesirable ones.

Well, there are plenty of dilemmas in property management.  One of the common dilemmas we deal with on a daily basis is that Owners generally do not want a lot of maintenance done on their property and yet the #1 reason tenants move out is that maintenance issues are not being dealt with.  Coupled with the fact that ... read more >>

Investing in Real Estate in Salem, Oregon and the Mid-Willamette Valley

Investing in rental property or investment real estate is a great idea.  In fact as the old saying goes, “don’t wait to buy real estate, buy real estate and wait”.  Or in similar fashion, if the best time to buy real estate is 20 years ago, the next best time to buy is today.  However, “where you buy” is very important.  As everyone knows the oft repeated cliché in real estate circ... read more >>

In this month’s Blog I would like to showcase a property that is in the process of being repositioned.  This property was purchased in December of 2013 by a local investor and client.  Centurion was involved in the pre-purchase evaluation process and was entrusted with the oversight and management of the property.  Here are the details of the deal…