Rental Housing Journal Valley
February 2017
2. Examining the National Boom in Market 4. Pockets of Affordable Housing Exist Demand for Luxury Apartments Within the Most Expensive Markets 3. Jobs For Property Managers Pay Higher Than the Average U.S. Salary
8. Are Urban Areas Running Out of Millennial Renters?
5. Dear Maintenance Men – Caulk, Plumbing, Doors and Curtains
EUGENE · SALEM ·ALBANY · CORVALLIS WWW.RENTALHOUSINGJOURNAL.COM • PROFESSIONAL PUBLISHING, INC
Portland Proposes Landlords Pay to Move Evicted Tenants
Home Buyers in Expensive Markets See a Longer Wait to Break Even It takes at least 1.5 years longer to break even on buying a home in the Bay Area than it did a year ago
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ome value appreciation is expected to slow in some of the nation’s most expensive markets, and as a result, it now takes longer to break even on a home in those markets compared to renting it. Nationally, buying a home becomes a better financial decision than renting it in just under two years, according to the Q4 2016 Zillow® Breakeven Horizoni. When home values grow quickly, home equity also accumulates faster, helping to offset and eventually recoup the large upfront costs of buying a home more quickly. But home value appreciation is slowing down in some places, especially expensive areas like Silicon Valley and the San
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new housing proposal from the City of Portland would require landlords who raise rent more than 10 percent, to pay tenant moving costs, including costs for evicted tenants, according to several reports. The proposed ordinance would require landlords to pay renters moving costs within 14 days of sending them an eviction notice. Landlords would also have to provide relocation assistance to tenants if they raise their rent by 10 percent or more in one year, according to Oregonlive.com. The relocation assistance requirement is part of the new Portland City Council’ss first two housing proposals, submitted by Commissioner Chloe Eudaly and Mayor Ted Wheeler. Landlords would have to pay renters between $2,900 and $4,500, depending on the number of bedrooms. Commissioner Eudaly, who campaigned on promises to better protect Portland renters, has drafted the ordinance—and has the support of Mayor Wheeler, according to reports. Willamette Week first reported the new proposed ordinance. “We thought we needed to take swift action to protect renters in our housing emergency,” Eudaly told the newspaper. “This is intended to protect tenants, not take rights way from landlords.”
Landlords say city attempting to engage in rent control John DiLorenzo, a landlord lobbyist and attorney, told Willamette Week the ordi-
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Handling Employee Evictions
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any communities require their employees to live on-site, and the often include an apartment as part of their compensation. As in any business, management must sometimes terminate employees. This article will examine the acceptable grounds for termination and the procedures to require terminated workers to vacate the premises. Most employees are “at will.” This means they work at the pleasure of the employer. The law presumes every employment contract for an indefinite term to be terminable at will. As an “at will” employee, his or her employment is for an indefinite term at sufferance. Either party could terminate employment at will for no cause or any cause. Another term for this is the employment-at-will doctrine.
continued on page 7 PRSRT STD US Postage PAID Portland, OR Permit #5460
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