June 2018 RHA Update Newsletter by Cari Pierce

June 2018

A monthly newsletter published by the Rental Housing Alliance Oregon

rha est. 1927

www.rhaoregon.org

In this issue:

Dinner Meeting … … page 3 RHA Mark Your Calendar … ………… page 5 From the Office Mgr… page 6 Downpayments … … page 7 Professional Listing…

page 9

Summer Checklist …… page 10 Starry Night… ……… page 12 Annual Picnic … …… page 13 Maintenance Men… … page 14

FIND EVICTIONS STRESSFUL?

503-‐242-‐2312

Full FED Service First Appearances evict@landlord-‐solutions.com Small Claims

Dinner Meeting

Wednesday, June 20, 2018 Speaker: William J. Edgar is a partner in the Litigation practice group at Greenspoon Marder. His experience is almost entirely focused on civil litigation with an emphasis on landlord tenant disputes and habitability claims, including mold and other toxic tort related cases. He is experienced in insurance coverage related to these issues and routinely advises client on insurance coverage. He has represented clients ranging from Fortune 500 companies to small businesses and individuals at trial, arbitration and mediation. He is licensed to practice law in Oregon, Washington and California.

Topic: Bill will be talking about habitability issues in rentals When: Wednesday, June 20, 2018 at 6:00pm Location: The Grand Hotel Bridgeport 7265 SW Hazel Fern Rd Tigard, OR 97224

You must register to attend

To qualify for the early bird registration rate you must have your registration into the $30.00 per attendee if registered by close of RHA office no later than 4:59pm the Fribusiness Friday June 15, 2018. day prior to the scheduled dinner meeting. $40.00 per attendee if registered after close of Deadline for refund/credit or cancellation business Friday June 15, 2018. of registration is 4:59pm the Friday prior to the scheduled dinner meeting. If a regisBuffet Menu: tered guest/member does not cancel and/ or does not show to the scheduled dinner Caprese Salad, Italian Roasted Vegetables, Four Cheese meeting then the registered guest/member Lasagna, Pesto Chicken Tortelini, Garlic Bread, Tiramisu, will be required to pay the full amount of the dinner meeting. All registrations are nontransferable. Our venues do have a limited Coffee, Iced Tea capacity, therefore at times registration to Cash Only Bar an event may close prior to the event. Price:

www.rhaoregon.org

RENTAL ALLIANCE UPDATE JUNE 2018

President’s Message

RHA Oregon BOARD MEMBERS

By the time you read this I’ll be back. Today, I’m packing for my overseas trip to Jerusalem. My wife and I will be gone 2 weeks and of course I am worried that my absence will come at a crucial time. The primary elections. Collecting late rent. Sending 72 hour notices. RHA Oregon President Ron Garcia Probably be a broken pipe somewhere in the middle of the night. Getting out our payroll. The NBA playoffs. You name it and I know I will be sorely missed and needed. Sure, I could look at my email and texts… but seriously, from the steps at the Church of the Holy Sepulchre? The point of this trip is for Belinda and I to reaffirm to each other our understanding that life is about things much bigger than the day to day worries that never seem to leave us. When did that day arrive when we got up and finally worried more about changing the oil in our cars than changing the world with our hearts? It seems like this year has sped by. It’s already half gone and nothing I have done has helped the cause. Our local and statewide politicians have not come to their senses over housing policies. Commissions and board meetings, lobbying and writing letters, shaking your hands and shaking my head and shaking the trees for more donations has produced a lot of attention, but little traction yet. I would love to say that our combined voices could make a difference to find truly equitable solutions to housing issues that have been caused by so many factors over such a long time. Homelessness is a symptom of everything from an opioid crisis and a lack of mental health care to a broken justice system that does nothing to help repeat offenders reform, or keep them off the streets. Ironically rent increases are a symptom of a healthy economy while housing shortages are a result of poor planning policies. And very little data (if any) actually supports the notion that a 10% rent increase forces people onto the streets. The once decent messaging from well intended tenant advocacy groups seeking to improve tenant/landlord law has devolved into a cacophony of socialist group soundbites. Organizations like Portland Tenants United and others now seem to advocate for the redistribution of wealth. They say simply that Tenants are Victims and Landlords are Predators. They say that government must pass laws that require people who collect rent and pay mortgages and property taxes must pay people who rent and need to move thousands of dollars or face retribution (even if that payment needs to come from their Visa cards). This is not an argument against government assistance. This is a question of why individual taxpayers are being forced to pay for the cure to social problems that were created by local governments who made (and make) failed long term policy decisions, that have instigated those very problems in the first place? It’s got me worked up and I know that I am not alone. It’s sort of disheartening to learn that we property owners are not a protected

(continued on page 8)

RENTAL ALLIANCE UPDATE JUNE 2018

President Ron Garcia, PH. (503)595-4747 President Elect Mark Passannante, PH. (503)294-0910 Vice President Phil Owen, PH. (503)244-7986 Treasurer Sandra Landis, PH. (503)659-8803 Secretary Lynne Whitney, PH. (503)284-5522 Past President John Sage, PH. (503)667-7971 RHA Oregon DIRECTORS Alan Carpenter, PH. (360)772-2197 Elizabeth Carpenter, PH. (503)314-6498 Tamara Collins, PH. (503)932-9388 Jerad Goughnour, PH. (503)303-8545 Jim Herman, PH. (503)645-8287 Charles Kovas, PH. (503)255-8795 Katie Poole-Hussa, PH. (971)352-6760 Mihyun Pratt, PH. (503)969-5412 Rita Robinson, PH. (503)702-0255 Ken Schriver, PH. (503)410-1782 Ami Stevens, PH. (503)407-3663 AJ Shepard, PH. (360)772-6355 RHA Oregon OFFICE Monday - Friday 9:00am - 5:00pm Phone: (503)254-4723 Fax: (503)254-4821 10520 NE Weidler St. Portland, OR 97220 facebook.com/RHAOregon

RHAOregon is committed to educating members to fair housing practices and policies. www.rhaoregon.org

RHA Mark Your Calendar DATE

EVENT

LOCATION

TIME

6/13

Board Meeting

RHA Conference Annex

5:30pm

6/20

Dinner Meeting

Grand Hotel Bridgeport

6:00pm

6/28

New Member & Mentor Meeting

RHA Conference Annex

6:00pm

7/11

Board Meeting

RHA Conference Annex

5:30pm

7/18

Under A Starry Night Event

RHA Patio

6:00pm

INFORMATION

SEE Page 3

SEE Page 12

If you register and DO NOT SHOW or DO NOT CANCEL by the Friday before the dinner meeting you will be charged the FULL price of the dinner. To purchase event tickets online visit: http://www.rhaoregon.org/store/category/events DATE

CLASSES

LOCATION

TIME

6/5

Screening Class

RHA Conference Annex

11:00am

6/7

Renewals, Rent Hikes, and Relo

RHA Conference Annex

6:30pm

6/8

Screening Class

Webex

11:00am

6/26

Screening Class

Webex

7:00pm

6/28

Screening Class

Webex

7:00pm

7/10

Screening Class

RHA Conference Annex

11:00am

7/12

Screening Class

Webex

11:00am

7/24

Screening Class

Webex

7:00pm

7/26

Screening Class

Webex

7:00pm

Renewals, Rent Hikes, and ReloThe New Way to manage Properties in Portland

INFORMATION

Taught by Ron Garcia of the Garcia Group

Registration/Cancellation Policy:

To qualify for the early bird registration rate you must have your registration into the RHA office no later than 4:59pm on the listed early registration date in the advertising for Taught by Ron Garcia from The Garcia Group the event. Deadline for refund/credit or cancellation of registration We remember the 3 R’s from our basic schooling: is up until 48 hours prior to the date and time of the class/ Reading, Riting, and Rithmetic. As landlords we’ve seminar, up until 48 hours prior you will be refunded 100% learned our basic R’s too: Rent, Residents, and Repairs. of the cost to attend. If a registered guest/member does not cancel and/or does In today’s new market, the City of Portland wants to not show to the scheduled class/seminar then the registered teach us their 3 NEW R’s: Rate Increases, Renewal guest/member will be required to pay the full amount of the Strategies, and Relocation Assistance. These 3 are class/seminar. harder to say and even harder to understand. Ron All registrations are not transferable. Garcia will give you his best ideas on how to continue Those with prior registrations to the class/seminar will be to remain successful as the new class of landlords. seated first. Walk-ins will only be accommodated once the class has started and only if space is available. Registered attendees who arrive 15 minutes after the start of the class/ 1 continuing education credit seminar be aware that your chair may be filled. Members $25.00, Non-Members $35.00 Our venues do have a limited capacity therefore at times Register by close of business June 4 to save $5 registration to an event may close prior to the event. www.rhaoregon.org

RENTAL ALLIANCE UPDATE JUNE 2018

From the desk of RHA Oregon’s Office Manager by Cari Pierce, RHA Oregon Office Manager

Thank you to everyone who has attended our dinner meetings and educational classes as of lately, the turnout has been incredible. It is always great to the have the opportunity to meet & speak to you , placing a face to the many names of our membership. Did you know that as a member of RHA you can refer someone to RHA and if they become an active member you can receive a FREE dinner meeting coupon? This dinner meeting coupon can be used anytime between the months of September through June and is good for one full year & pays for one meal at one of our dinner meetings. Also as a new member to RHA, you receive a FREE DINNER meeting coupon and we would greatly encourage you to get involved and come and see what we are all about. RHA has some great dinner meeting venues, with knowledgeable speakers who are active in the rental housing industry. In order to continue to bring you the very best events and speakers and satisfy the largest amount of our members we need to provide adequate space and exceptional service. In order to ensure this we need an accurate headcount to give our venues. Our venues do have a limited capacity and at times registration to an event may close prior to the event. I would like to take this opportunity to share our registration/cancellation policies for our general membership meetings (i.e dinner meetings) and educational classes: Dinner meeting (general membership meetings) registration/cancellation policy: • To register for an RHA Oregon Dinner Meeting you must be a member in good standing. • Special guests may register when referred by a member in good standing but must pay at the time of registering. • A member in good standing may register an invited guest. • To qualify for the early bird registration rate you must have your registration into the RHA office no later than 4:59pm the Friday prior to the scheduled dinner meeting. • Deadline for refund/credit or cancellation of registration is 4:59pm the Friday prior to the scheduled dinner meeting. • If a registered guest/member does not cancel or does not show up to the scheduled dinner meeting then the registered guest/member will be required to pay the full amount of the dinner meeting. • All registrations are non-transferrable. • No admission without prior registration. • Our venues do have a limited capacity therefore at times registration to an event may close prior to the event. Educational classes registration/cancellation policy: • All educational classes/seminars are open to members in good standing and the general public. • A member in good standing may register and pay for an invited guest at the member rate for the educational class. • General public must pay at the time of registration and at the non-member rate. • To qualify for the early bird registration rate you must have your registration into the RHA office no later than 4:59pm on the listed early registration date in the advertising for the event. • Deadline for refund/credit or cancellation of registration is up until 48 hours prior to the date and start time of the class/seminar. Up until 48 hours prior you will be refunded 100% of the cost to attend. • If a registered guest/member does not cancel (see bullet point above) or does not show up to the scheduled class/seminar then the registered guest/member will be required to pay the full amount of the class/seminar. • All registrations are non-transferrable. • Those with prior registrations to the class/seminar will be seated first. • Walk-ins will only be accommodated once the class has started and only if space is available. • Registered attendees who arrive 15 minutes after the start of the class/seminar be aware that your chair may be (continued on page 8) filled. 6

RENTAL ALLIANCE UPDATE JUNE 2018

www.rhaoregon.org

How Much Down Payment is Needed in a Real Estate Transaction? by Cliff Hockley, President Bluestone and Hockley Real Estate Services

How does an investor decide how much down payment is needed? There are many answers to this question – but most importantly a real estate investor needs to balance their investment strategies, risk management, financial institution lending requirements, and cash in the bank to decide on the appropriate amount of leverage in a deal. Investment Strategies and Risk management Individual real estate investors typically want to use the least amount of their cash to buy an asset (20– 30%) and borrow the rest from a financial institution like a bank, savings and loan, credit union, insurance company or a hard money lender. Experienced investors with significant cash and real estate holdings may put 40–50% down on a deal to ensure that they can resist future economic downturns. Often as investors mature and reach their financial goals, they typically become more risk averse and will tend to invest in deals that may require a higher down payment to protect them from potential risk. Some investors buy with 100% cash, (like REIT Pension funds or insurance companies) because they have the cash and they don’t want to deal with paying interest to a financial institution. This may seem a very conservative stance, yet if you have the money and want to reduce your risk, it’s a strategy that works and increases your return. Investors must understand the local market they are buying in before they make the decision to purchase an investment – bearing in mind that some markets enjoy sustained economic growth, and some do not. In some states, counties, or cities there is no economic momentum, and the value of the real estate may not grow exponentially over time -like a town with one factory that drives 50% of the local economy. In that case, financial institutions may require a higher down payment, a faster amortization, or possibly a higher interest rate to account for the risk they are taking. Even though there might be a greater risk, an investor may choose a risky third or fourth tier market, because the CAP rates (return) in those markets may be higher, and therefore drive a greater cash flow to their pockets. Cash Down Payment The vast majority of real estate investors in the United www.rhaoregon.org

States are limited by the amount of cash they have to bring to the table to close a deal. They look for help in raising money to buy a real estate asset in a variety of ways: 1. They save money until they have enough for a down payment 2. They invest with partners that bring money to the table 3. They sell an asset and using the funds from the deal (with or without a 1031 exchange) as down payment 4. They refinance an existing asset (business or real estate) to raise the money 5. Mom, Dad, or the grandparents lend the investor money for the down payment 6. Other: You fill in x, y, z, or see a list of possible options on this website retipster.com/8-creative-waysto-get-funding-for-your-next-real-estate-deal/ The amount of cash an investor can raise typically will equal the down payment, reserves, due diligence and closing costs that will be necessary to close a deal. The benefit of sharing a deal with other investors is that you do not have to bring as much money to the deal up front, and when the time comes to sell you can either trade up to another investment together, or you can exit in your own LLC to buy your next property (call your CPA and Attorney at least one year ahead to structure potential exit options). Financial Institutions Financial institutions tend to set standards ranging from 20–30% down with debt coverage ratios in the 1.20 to 1.35 range. They also set standards for investor global net worth and stress test deals at higher interest and debt coverage rates to ensure they aren’t at risk as interest rates increase. It is not unusual for a financial institution to quote one rate to get you to the table and adjust the deal to increase the amount of down payment you must pay from say 30% to 35%-40%. As a sophisticated real estate investor, you will want to align yourself with a Mortgage Banker that brings you multiple financing offers and gives you a chance to review and choose the best deal for your particular situation. In a recent transaction one bank offered the following terms: Property Value: $8,600,000 (continued on page 16) RENTAL ALLIANCE UPDATE JUNE 2018

If you are interested in donating raffle or auction items for the July Under a Starry Night event scheduled for July 18th, please contact Lynne Whitney at (503)407-3300 or email lynne@realestateroofing.com All proceeds for this event go to the Community Relations fund which supports housing agencies in the community. 2018’s donation will be made to Snow Cap Community Charities. For more information or questions please contact RHA Oregon Office Manager, Cari Pierce at (503)254-4723.

President’s Message CONTINUED FROM PAGE 4

From the Desk of RHA Oregon’s Office Manager CONTINUED FROM PAGE 6

class. For all of you that have written letters, showed up to testify and signed checks, thank you. For those of you who have volunteered at Rental Housing Alliance Oregon, a huge thank you. And you can see by my mood, that it may not seem like a lot is happening all at once. But sometimes I wonder what options I’d have if I didn’t show up…

• Our venues do have a limited capacity therefore at times registration to an event may close prior to the event.

“I’m gonna take two weeks, gonna have a fine vacation I’m gonna take my problem to the United Nations Well, I called my congressman and he said ‘whoa!’ ‘I’d like to help you son but you’re too young to vote’ Sometimes I wonder what I’m a gonna do But there ain’t no cure for the summertime blues”

It is important for RHA Oregon to have these policies in place in order to serve all our members with the opportunity to plan and enjoy the many events that RHA hosts.

It is up to the sole discretion of the RHA Oregon Board of Directors for a waiver of the registration/ cancellation policy. Any appeal to the policies will be brought to the Board of Directors at the next board As I type this I am listening to music - an oldies song meeting for discussion and decision. Once a decision station called “Classic Vinyl”. (It sums me up, right?) is reached the member appealing will be notified and Anyway, on comes this song: “Summertime Blues” (The all decisions of appeal made by the Board of Directors are final. Who’s version). Great timing.

Sincerely, Ron Garcia President, RHA Oregon 8

RENTAL ALLIANCE UPDATE JUNE 2018

Thanks you for your time, involvement and membership, RHA Oregon Office Manager Cari Pierce www.rhaoregon.org

5 Tips for Creating a Professional Rental Listing by Christian Bryant, President of IRCEnterprises.com

The rental market is much more volatile than most people assume, the reason being that ONLY the currently vacant units determine the market. In real estate sales, the sales price of the house down the street, the one that sold last month, determines your property value. The rental market has no such system. Tenants are only comparing your rental to other properties being advertised at the same time. At any time, your market area could become competitive. That’s why the quality of your advertisement becomes very important. Follow these five tips to help you create a competitive listing: 1. Take detailed notes about the features of your unit 1. Take the time to walk through the property with a checklist and notepad—the more details, the better. 2. At a minimum you should have notes about the 1. kitchen 2. appliances 3. bathrooms 4. flooring 5. bonus rooms 6. backyard 7. parking 8. nearby parks 9. energy efficiency upgrades 10. average utility costs 11. public and private schools, etc. 2. Pictures matter. Don’t skimp on the number you take or on their quality 1. First, is your unit “camera ready”? Assuming your turnover repairs & cleaning are complete, there are just a few things to do before you start snapping pictures. 2. Turn on all the lights and open all window coverings for natural light. 3. Close all toilet lids and turn on any gas fireplaces. 4. Remove all debris and keep your things (keys, purse, notepad) out of the shots. 5. Put some thought into your pictures and try different angles and brightness. 6. Don’t forget to take pictures of the neighborhood, parks, nature areas, and www.rhaoregon.org

anything else nearby that tenants might be interested in. 7. When you post your best pictures on your listing, put them in the same order as you would walk through the unit. You should have at least one to two pictures of every room.

3. Don’t assume you know the market rent; do a market analysis every time 1. It’s not as technical or difficult as you may think. Essentially, you just act like you’re a tenant looking for a unit like yours in your area. You should try to find at least three comparable rental units. 2. Create a table to list all the important information about your unit like the square footage, bed/bath count, quality of finishes, utilities included in rent, etc. 3. Then, next to that column, list all the same attributes from your comparable units. You may need to make some adjustments if any properties have better or worse attributes. You should be able to get an average dollar amount per square foot per month from all the comparable properties or at least see a small range of rent amounts. Then you can decide where to price your unit based on how competitive you want to be. 4. If you aren’t seeing the activity you want, try refreshing your market analysis with new comparables. After a week or two, the available units you are competing with may be completely different. 4. Choose your words wisely 1. When it comes to fair housing and discrimination, a landlord can accidentally get in trouble. Violations can lead to fines and lawsuits in the tens of thousands of dollars. The main rule when wording a rental advertisement is to focus on describing the property and the facts about it. 2. Don’t describe how it is ideal for a type of tenant. For instance, if you want to highlight the nearby grade school, don’t say something like, “Ideal for families with young children because it is two blocks away from XYZ elementary.” Instead, say something like, “Two

(continued on page 10)

RENTAL ALLIANCE UPDATE JUNE 2018

5 Tips for Creating a Professional Rental Listing CONTINUED FROM PAGE 9

blocks away from XYZ school that ranked in the top 10 percent of area elementary schools.” 3. The first way says who the property is ideal for. The second way lets the tenants come to their own conclusion. Stick to the facts and let the tenants decide if it is good or bad for them. 4. There are way more terms to avoid than I can list here, but here are some examples of potentially problematic language: families, children, mother-in-law suite, no students, adults only, traditional couple, mature, empty nesters, etc.

5. Get it published 1. It sounds obvious, but this last step also deserves some thought and possibly even a little money. Five years ago, 75 percent of the tenant leads my management company (www.IRCEnterprises.com) received came from free sites like www.craigslist.com. In the last couple of years though, we have seen a shift towards rental listing sites like zillow.com, rent.com, etc. Now we receive about 65 percent of our tenant leads from

these sites and only 20 percent come from free sites like Craigslist. 2. You may want to consider listing your units on sites like these even if it costs you a little. The more tenants that see your listing, the faster it will rent. It’s worth it to look at premium listing services too, as some sites will automatically post your listing on other partner sites, giving you even more exposure.

Marketing your property is something that really pays dividends if you take it seriously. No matter what kind of market you are in, creating more demand for your unit through marketing will shorten your vacancy times and increase your market rents. The last tip I will leave you with is to update your pictures, description, and market analysis every time a unit turns over. The more recent and accurate your advertising is, the better. Christian Bryant www.IRCEnterprises.com Info@IRCEnterprises.com

Summer Maintenance Checklist by Katie Poole-Hussa from Acorn Property Management

In summer, complete the following projects to keep the rental property landscape lush and the home cool for your tenants. Outdoor Tasks: 10

-Walk around the property’s exterior and open or uncover foundation vents. -Uncover central air conditioner and install window air conditioners. -Pressure wash siding and fences. -Pressure wash sidewalks and patios. Repair and seal cracks in walkways, driveways, patios, etc. -Touch up peeling or damaged paint. -Check exterior caulking and apply caulk as needed. -Wash exterior windows. -Remove lint from dryer exhaust vent with a long, flexible brush. -Clean the swimming pool or spa. Fix cracked tiles and any safety or structural concerns. Ensure any fence around the pool is secure and the gate has a working latch or lock. -Turn on the sprinkler system and check for leaks. -Open or remove storm windows. RENTAL ALLIANCE UPDATE JUNE 2018

www.rhaoregon.org

RENTAL ALLIANCE UPDATE JUNE 2018

Under A S

h g i t n y r r A t UNDER A STARRY NIGHT JULY 18, 2018 6PM

RENTAL HOUSING ALLIANCE OREGON

Come enjoy the outdoors with a Great Patio BBQ Dinner Complementary Wine & Craft Beer Silent & Oral Auction Raffle Prize drawings and more. $24.00 per person

This event Supports the Community Relations Committee supporting housing agencies in our community RSVP at info@rhaoregon.org

RHA Oregon Conference Annex and Patio, 10520 NE Weidler, Portland OR 97220

This yearâ&#x20AC;&#x2122;s winning Fair Housing Council of Oregon Poster was drawn by 6th grader

Mischa Larkins www.fhco.org 12

RENTAL ALLIANCE UPDATE JUNE 2018

www.rhaoregon.org

RENTAL ALLIANCE UPDATE JUNE 2018

Dear Maintenance Men by Jerry L’Ecuyer & Frank Alvarez

Dear Maintenance Men: By Jerry L’Ecuyer & Frank Alvarez Dear Maintenance Men: I have an opportunity to buy a small power snake for cleaning out kitchen & bathroom drains. At the rate my tenants block their drains it should pay for its self in no time. Is this a good idea? Dale Dear Dale: We understand that almost any excuse is a good reason to buy a power tool. However, most bathroom and kitchen drains can be cleared with a three-foot hand snake. The tub or shower will typically have a hair stoppage just past the tub shoe and the bathroom sink will have a toothpaste and hair stoppage in the trap before the wall. The kitchen sink will typically be stopped on the garbage disposal side because of improper usage of the disposer. If both sides of the kitchen sink are blocked, then it may be necessary to use the power snake. Power snakes can be very dangerous. Most operate with a ¼ to ½ horse motor, which packs quite a punch, especially if your finger or arm gets caught! If you buy this snake, we highly recommend that you get some training on your machine. Power drain cleaning is very much an “art” when done well. Knowing when you hit the stoppage and when the snake is snagged comes with experience. A broken snake cable in your drain system will be far more expensive than simply calling an experienced plumber when needed. Another thought is; most kitchen stoppages are caused by grease. Your snake will only temporarily clear the stoppage. Getting a company to “Hydro-Jet” your drains every year may help cure your chronic grease stoppages. Dear Maintenance Men: I just replaced a water heater and boy are they expensive! What are some tried and true ways to extend the life of a water heater or recommended preventive maintenance tips? Since I’m starting with a new heater I want to make this one last as long as I can. Fred Dear Fred: There are a number of things you can do to extend the life of a water heater, be it gas, electric, new or old. At least once a year, plan on flushing the tank to remove calcium deposits. First shut off the gas or breaker, let the water cool. Drain the tank and flush with a steady stream of water from the cold water inlet and let the water and debris 14

RENTAL ALLIANCE UPDATE JUNE 2018

drain from the drain valve until the water runs clear. If you have a 100 gallon or larger tank, use the clean out port to remove the calcium deposits. Removing the deposits keeps your water heater from working overtime. The more deposits in the tank, the harder the burner needs to work to keep the water hot. Equally important is checking the “Anode Rod”. The anode rod is a long sacrificial zinc or magnesium rod that protects the metal tank from corrosion. This rod should be checked yearly and replaced every 3 to 5 years. The rod can be found at the top of the tank and is held in place by a hex bolt head. To check the rod, turn off the water supply and let the water cool. With a wrench, turn the hex bolt at the top of the tank and lift the rod out. If the rod is smooth and white in color, it is fine and can be reinserted ready to be inspected again in a years’ time. If the rod is corroded, brown, or looks like a rusted nail or missing all together; it is time to replace it. (Actually, it is well past time to replace it.) A new anode rod can be found at any plumbing supply house. If you have a low ceiling above the water tank, ask for a flexible rod to ease the installation. Smear Teflon pipe thread sealant on the threads of the new rod before you install it. Don’t use tape, since it can reduce the effectiveness of the rod. Keep in mind that replacing the anode rod on a regular basis (every 3 to 5 years) could easily double the life of your water heater. Dear Maintenance Men: How do I get a fiberglass tub clean without scratching the surface? John Dear John: The nice thing about fiberglass tubs and showers is that no matter how dirty they get, they are fairly easy to clean up. Be careful not to use any abrasives on the fiberglass, such as scouring pads, steel wool or gritty cleaning solutions. “Soft Scrub” may be used sparingly on soap scum buildup. “Lime-Away” may be used for hard water mineral deposits, but read the directions and look for the fiberglass warning or approval statement. If you have very tough stains, moisten a cloth with clean Acetone solvent or nail polish remover. Do not let the Acetone pool as it may soften the fiberglass material. Acetone and many other cleaners have very strong vapors, so it is important to ventilate the area properly. After all the cleaning is done, the fiberglass surface may be dull. Use a fiberglass conditioner and glossing paste to bring the tub or shower back to its original condition. You can use a product called (continued on page 15) www.rhaoregon.org

Dear Maintenance Men CONTINUED FROM PAGE 14

“Gel Gloss” to bring back the shine. WE NEED Maintenance Questions!!! If you would like to see your maintenance question in the “Dear Maintenance Men:” column, please send in your questions to: DearMaintenanceMen@gmail.com Bio: If you need maintenance work or consultation for your building or project, please feel free to contact us. We are available throughout Southern California. For an appointment please call Buffalo Maintenance, Inc. at 714 956-8371 Frank Alvarez is licensed contractor and the Operations Director and co-owner of Buffalo Maintenance, Inc. He has been involved with apartment maintenance & construction for over 20 years. He is also a lecturer & educational instructor and Co-Chair of the Education Committee of the Apartment Association of Orange County as well as being Chairman of the Product Service Counsel. Frank can be reached at (714) 956-8371 Frankie@BuffaloMaintenance.com For more info please go to: www.BuffaloMaintenance.com Jerry L’Ecuyer is a licensed contractor & real estate broker. He is currently on the Board of Directors and Past President and past Chairman of the Education Committee of the Apartment Association of Orange County. Jerry has been involved with apartments as a professional since 1988.

Interested in knowing what is going on with Rental Housing Alliance Oregon? You are invited to attend our monthly board meetings. Please come and see what is happening! 2nd Wednesday of every month at 5:30pm. Call RHA at (503) 254-4723 to let us know you will be there

www.rhaoregon.org

RENTAL ALLIANCE UPDATE JUNE 2018

How Much Down Payment is Needed in a Real Estate Transaction? CONTINUED FROM PAGE 7

Loan Amount: $5,750,000 LTV: Up to 70% LTV of Appraised Value (Opus Bank ordered 3rd party appraisal) Amortization: 30 years (with a 30/360 day payment calculation) Term: 10 years (PPP terms for each product below) Rates: 3yr./Hybrid: 4.90% fixed for 3 years and then would adjust on a 6 month LIBOR thereafter with a margin of 2.45% for the remainder of the loan term; so a fully indexed rate today of about 5.00%. 4yr./Hybrid: 4.95% fixed for 5 years and then would adjust on a 6 month LIBOR thereafter with a margin of 2.45% for the remainder of the loan term; so a fully indexed rate today of about 5.00%. 5yr./Hybrid: 5.00% fixed for 5 years and then would adjust on a 6 month LIBOR thereafter with a margin of 2.45% for the remainder of the loan term; so a fully indexed rate today of about 5.00%. 7yr./Hybrid: 5.15% fixed for 7 years and then would adjust on a 6 month LIBOR thereafter with a margin of 2.45% for the remainder of the loan term; so a fully indexed rate today of about 5.00%. Interest-Only Option: 2 yrs. I/O is allowed with a 12.5bp increase to the rates quoted above, so long as we are at or under 65% LTV, if 66-70% LTV; then just 1 yr. I/O is allowed with just a 7.5bp increase to the rates above. Rate Floor/Ceiling: Start rate is the floor and ceiling is 9.50%. Underwriting Rate: There is a stress rate of 5.45% at 1.30 DS on most loan types. Recourse: This is recourse pricing quoted above; for non-recourse you can add 10bp to all pricing above, as well the reset margin after fixed period goes from 2.45% to 2.60%. Origination Fee: 0-100bp Pre-payment (PPP): 16

RENTAL ALLIANCE UPDATE JUNE 2018

Term 3 Yr. fixed 4 Yr. fixed 5Yr. fixed 7 yr. fixed

PPP 3-2-1% 3-2-1-1% 3-2-1-1-0% 3-2-2-1-0%

Rate Locks: 60 day available for a 1% refundable deposit Processing Fee: .10% of the loan amount (Min. $1,500/ Max. $5,000) +appraisal and enviro—no other 3rd party reports generally are needed. Tax Returns: $2,500,000 need 2015 and 2016 personal tax returns for all sponsors + K-1’s-no LLC/Partnership returns. Documentation: The following are not required in most cases: legal opinion, tax/insurance impounds, reserves for capital improvement, engineering report, and seismic/PML report; earthquake insurance. As you can see from this summary they start at 70% loan to value rate and stress test at a debt coverage rate of 1.30. This demonstrates the desire for the bank to reduce their risk. This bank also limits itself to closing deals in metropolitan areas of at least 250,000 inhabitants – no small-town loans for this bank. Summary There is no one answer to how much down payment is needed to buy real estate. Every deal is different and every investor has different needs. A good place to start though is to investigate what market terms are being offered by financial institutions and use that as a starting place. Then you need to work backward to include the banking and due diligence costs, and finally have them clarify if they use a stress test and how they would apply it to your deal. Typically, you also will want to include some cash reserves in your deal, because not all real estate deals turn out the way you expect. The roof could be leaking, the foundation has slipped, your property is in a tsunami zone, or the tenants might not be credit worthy – or ultimately everything could work out perfectly. Bottom line: plan ahead so you will be ready with your down payment when the right deal comes along. www.rhaoregon.org

Opportunities Available GETTING INVOLVED IS IMPORTANT WHEN IT COMES TO MAKING A DIFFERENCE. RHA OREGON IS ALWAYS LOOKING FOR ACTIVE MEMBERS WHO WANT TO GET INVOLVED WITH AN EVER CHANGING ORGANIZATION AND INDUSTRY. THE FOLLOWING IS A LIST OF COMMITTEES THAT NEED YOUR INVOLVEMENT. CONTACT RHA OREGON AND GET INVOLVED

RHA Oregon LIST OF COMMITTEES Building

Chair: Phil Owen PH: 503-244-7986

RHA Oregon LOBBYIST Cindy Robert PH: 503-260-3431

Legislative

Community Relations/Donations

Chair: Phil Owen PH: 503-244-7986

Dinner/Program

Chair: Elizabeth Carpenter PH: 503-314-6498

Education

Chair: Phil Owen PH: 503-244-7986

Chair: Lynne Whitney PH: 503-284-5522 Chair: AJ Shepard PH: 360-772-6355

Chair: Katie Poole-Hussa PH: 541-968-1703

Forms

Chair: Mark Passannante PH: 503-294-0910

House

Chair: Lynne Whitney PH: 503-284-5522

www.rhaoregon.org

Membership Office

Government Relations Chair: Phil Owen PH: 503-244-7986

RHA Oregon OFFICE TEAM Cari Pierce, Office Manager Cari@rhaoregon.org

Menolly Walter, Member Services Rep. Menolly@rhaoregon.org Lynn Peterson, Bookkeeper Bookkeeper@rhaoregon.org Surekha Guzman, Member Services Asst. Memberservicesasst@rhaoregon.org Diana Lindemann, Special Projects Specialprojects@rhaoregon.org

Gresham Liaison Jim Herman PH: 503-645-8287

Marketing

Chair: Tamara Collins PH: 503-873-5650 RENTAL ALLIANCE UPDATE JUNE 2018

Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

1031 EXCHANGES / REITS TENANCY IN COMMON Beutler Exchange Group, LLC P. 503-748-1031, P. 844-414-1031 toija@beutlerexchangegroup.com www.BeutlerExchangeGroup.com Peregrine Private CapitalCorp P. 503-241-4949 5000 Meadows Rd. #230, Lake Oswego, OR 97035 rs@peregrineprivatecapital.com ACCOUNTING/BOOKKEEPING Balancing Point, Inc. Sandy Buhite-Landis P. 503-659-8803 C. 503-504-9466 8189 SE Clackamas Rd., Milwaukie 97267 info@balancingpt.com The Cobalt Group Accounting, tax, and business consulting 1100 NE 28th Ave., Ste 100, Portland, OR 97232 P. 503-239-8432 info@thecobaltgrp.com Portland Tax Co. Full Service Tax and Accounting P. 503-258-0700 F. 503-256-1527 ADVERTISING / MARKETING From Here 2 There Helping solve business challenges to reach your goals. Ami Stevens, P.503-407-3663 astevens@fromhere2there.com Rental Housing Journal P. 503-221-1260 News for Property Managers & Owners www.thelandlordtimes.com AIR DUCT CLEANING AdvantaClean Air Duct and Dryer Vent Cleaning P. 503-308-4688 www.advantaclean.com/vancouver-wa APPLICANT SCREENING Complete Screening Agency LLC Jacob Turner & Tiffany Webb P. 800-827-3130 www.complete-screen.com info@complete-screen.com

National Tenant Network Marcia Gohman P. 503-635-1118, F. 503-635-9392 P.O. Box 21027, Keizer, OR 97303 www.ntnonline.com ASPHALT PAVING Hal’s Construction, Inc. CCB#34434 Brian King, P. 503-656-4999 20666 S HWY 213, Oregon City, OR 97045 www.halsconstruction.com office@halsconstruction.com ASSOCIATIONS Metro Area Smoke Free Housing Project P. 503-718-6145 www.smokefreeoregon.com ATTORNEYS Broer & Passannante, P.S. Mark G Passannante, P. 503-294-0910 1001 SW Fifth Ave. Ste. 1220 Portland, OR 97204 Warren Allen LLP Jeff Bennett. P. 503-255-8795 850 NE 122nd Ave., Portland, OR 97230 Protecting landlords’ rights in Oregon and Washington for over 25 years Scott A. McKeown, P.C. Scott McKeown, P. 503-224-1937 8700 SW 26th Ave Ste S., Portland, OR 97219 scottmckeown@comcast.net BASEMENT WATERPROOFING John’s Waterproofing, CCB# 15830 Crawlspace Waterproofing P. 503-233-0825 Fully Staffed www.johnswaterproofing.com CABINETRY Angie Schierman Cabinetry Design Contract Furnishings Mart - Beaverton 6050 SW Arctic Dr., Beaverton, OR 97005 P. 503.207.5230 www.cfmfloors.com Nancy Duong Cabinetry Design Contract Furnishings Mart – Clackamas 15140 SE 82nd Dr. Ste.240, Clackamas, OR 97015 P. 503.656.5277 www.cfmfloors.com

Dan Hunt Cabinetry Design Contract Furnishings Mart – Gresham 3108 NE 181ST Ave., Gresham, OR 97230 P. 503-328-7260 www.cfmfloors.com Dan Cunningham Cabinetry Design Contract Furnishings Mart – Hillsboro 4865 NW 235th Ave., Hillsboro, OR 97124 P. 503-716-4848 www.cfmfloors.com Dan Hunt Cabinetry Design Contract Furnishings Mart – Portland 915 SE Sandy Blvd., Portland, OR 97214 P. 503-963-7812 www.cfmfloors.com Trisha Earle Cabinetry Design Contract Furnishings Mart – Tigard 14160 SW 72nd Ave. Suite 110, Tigard, OR 97224 P. 503-542-8921 www.cfmfloors.com Kevin Clark Cabinetry Design Contract Furnishings Mart – Vancouver 11806 NE 65th St., Vancouver, WA 98662 P. 360-989-2393 www.cfmfloors.com CARPET CLEANING Americlean Inc., Since 1972 We are very good at what we do Frank Porter, P. 503-771-0554 info@iloveamericlean.com www.iloveamericlean.com O’Meara Carpet Cleaning P. 503-538-1983 P. 503-620-5005 Cleaning, Pet Odor CARPET SALES Contract Furnishings Mart - Vancouver Jennifer Evans P. 360-896-6150, Toll free: 800-267-6150 11013 NE 39th St., Vancouver, WA 98682 jennifer.evans@cfmfloors.com www.cfmfloors.com

VISIT www.fhco.org FAIR HOUSING COUNCIL OF OREGON

RENTAL HOUSING ALLIANCE OREGON SUPPORTS FAIR HOUSING RHA values our Affiliates, the goods and services provided to our membership, their participation in our Association and their continued support. RHA does not, however, warrant or guarantee the quality of goods and/or services provided by Affiliates. 18

RENTAL ALLIANCE UPDATE JUNE 2018

www.rhaoregon.org

Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

Contract Furnishings Mart - Portland Roger Harms P. 503-230-1250, Toll free: 800-275-6722 915 SE Sandy Blvd., Portland, OR 97214 roger.harms@cfmfloors.com www.cfmfloors.com

DOORS Goose Hollow Window Co Inc. CCB# 53631 Mary D. Mann, P. 503-620-0898 marymann@goosehwc.com Goosehwc.com Energy Trust Trade Ally

Contract Furnishings Mart - Hillsboro Rebecca O’Neill P. 503-716-4848, Toll Free: 866-498-9850 4865 NW 235th Ave., Hillsboro, OR 97124 rebecca.oneill@cfmfloors.com www.cfmfloors.com

DUCTLESS HEATING & COOLING Oregon Ductless, Inc. CCB#204219 Aaron McNally, P. 503-410-1309 Sales and installation of ductless heat pumps Serving all Portland Metro areas info@oregonductless.com www.oregonductless.com

Contract Furnishings Mart - Tigard Jim Plath P. 503-542-8900, Toll Free: 800-935-1250 14190 SW 72nd Ave. #110, Tigard, OR 97224 jim.path@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Clackamas Patrick VonPegert P. 503-656-5277, Toll Free: 877-656-5232 15140 SE 82nd Dr., Clackamas, OR 97015 patrick.vonpegert@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Beaverton Nicole Dehaan P. 503- 207-5230, Toll Free: 844-214-4220 6050 SW Arctic Dr., Beaverton, OR 97005 nicole.dehaan@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Gresham Ross Williams P. 503-328-7260, Toll Free: 877-824-4236 3108 NE 181st Ave., Gresham, OR 97230 ross.williams@cfmfloors.com www.cfmfloors.com The Floor Store Joe Billarreal, P.503-408-6488 5628 SE Woodstock Blvd., Portland, OR 97206 joe@floorstoreportland.com COIN-OP LAUNDRY Wash Laundry Coin/Credit/Debit Laundry Equipment & Service Ed Coon P. 971-808-7828 ecoon@washlaundry.com www.washlaundry.com COLLECTION AGENCIES Anderson & Associates Credit Services, LLC P. 503-293-5400, F. 503-813-2159 P.O. Box 230286, Portland, OR 97281 andersoncollectionagency@gmail.com CONCRETE Hal’s Construction, Inc. CCB# 34434 Brian King, P. 503-656-4999 20666 S HWY 213, Oregon City, OR 97045 www.halsconstruction.com office@halsconstruction.com DISCOUNT APPLIANCE SALES Kaady Appliance 12404 NE Halsey St., Portland, OR P. 503-253-3850 11564 SW Pacific Hwy Tigard, OR P. 503-244-3649 office@kaadyappliance.com

ELECTRIC Rental Housing Maint Service CCB# 163427 Gary Indra, P. 503-678-2136 Fully Licensed to do it all garyindra@rentalrepairs.com Squires Electric Joe Squires, P. 503-252-1609 657 SE Yamhill St., Portland, OR 97214 www.SquiresElectric.com EMERGENCY WATER DAMAGE WaterBear Cleaning & Restoration Water Removal, Dryout Mold/Sewage clean up P. 503-554-0417 ENERGY EFFICIENCY Energy Trust of Oregon Existing Multi Family 421 SW Oak St. Suite 300, Portland, OR 97204 P. 1-877-510-2130 www.energytrust.org/multifamily ESTATE PLANNING Northwestern Mutual Financial & Retirement Planning Charlene Quaresma, P. 503-421-5058 www.charlenequaresma.nm.com charlene.quaresma@nm.com EVICTIONS Action Services Wally Lemke, P. 503-244-1226 15 82nd Dr. #20, Gladstone, OR 97027 Your Eviction & Process Service Specialist IRC Property Management 50% discount for new property management clients P. 503-999-0477 info@ircenterprises Landlord Solutions P. 503-242-2312, F. 503-242-1881 P.O. Box 7087, Portland, OR 97007 Online Evictions & First Appearance www.landlord-solutions.com FINANCIAL SERVICES American Commercial Mortgage Network Al Williams, P. 206-264-1325 1366 91st Ave. NE Clyde Hill, WA 98004 Chase Commercial Term Lending Tom Barbour, P. 503-598-3657 Steve Mozinski, P. 503-598-3661 steve.mozinski@chase.com

Mike Maier Mortgage Team mike.maier@fairwaymc.com P. 503-545-9879 I believe in the value of relationships. Call for trusted advice about mortgage options. Investor Property Loans Mortgage Loans Northwest Call Jeff McCarter at 503-349-5799 www.mccarterloans.com Northwestern Mutual Financial & Retirement Planning Charlene Quaresma, P. 503-421-5058 www.charlenequaresma.nm.com charlene.quaresma@nm.com Vince Kingston Mortgage Loan Officer NMLS #291740 Eagle Home Mortgage P. 971-221-8525 direct vince@vincekingston.com FIRE / WATER DAMAGE RESTORATION AdvantaClean Serving the Portland/Vancouver metro area P. 503-308-4688 www.advantaclean.com/vancouver-wa Kennedy Restoration Restoring Lives...Rebuilding Properties Since 1950 P. 503-234-0509 PDX, OR, 360-693-5288 VAN, WA www.kennedyres.com Servpro NW Portland Serving the entire state of Oregon P. 503-283-3658 F. 503-444-7130 www.servpronwportland.com FIRE SAFETY Tualatin Valley Fire & Rescue Eric T. McMullen, P. 503-612-7000 7401 SW Washo Ct. Ste 101, Tualatin, OR 97062 eric.mcmullen@tvfr.com FLOOR COVERING Contract Furnishings Mart - Vancouver Jennifer Evans P. 360-896-6150, Toll free: 800-267-6150 11013 NE 39th St., Vancouver, WA 98682 jennifer.evans@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Portland Roger Harms P. 503-230-1250, Toll free: 800-275-6722 915 SE Sandy Blvd., Portland, OR 97214 roger.harms@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Hillsboro Rebecca O’Neill P. 503-716-4848, Toll Free: 866-498-9850 4865 NW 235th Ave., Hillsboro, OR 97124 rebecca.oneill@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Tigard Jim Plath P. 503-542-8900, Toll Free: 800-935-1250 14190 SW 72nd Ave. #110, Tigard, OR 97224 jim.path@cfmfloors.com www.cfmfloors.com

RHA values our Affiliates, the goods and services provided to our membership, their participation in our Association and their continued support. RHA does not, however, warrant or guarantee the quality of goods and/or services provided by Affiliates. www.rhaoregon.org

RENTAL ALLIANCE UPDATE JUNE 2018

Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

Contract Furnishings Mart - Clackamas Patrick VonPegert P. 503-656-5277, Toll Free: 877-656-5232 15140 SE 82nd Dr., Clackamas, OR 97015 patrick.vonpegert@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Beaverton Nicole Dehaan P. 503- 207-5230, Toll Free: 844-214-4220 6050 SW Arctic Dr., Beaverton, OR 97005 nicole.dehaan@cfmfloors.com www.cfmfloors.com Contract Furnishings Mart - Gresham Ross Williams P. 503-328-7260, Toll Free: 877-824-4236 3108 NE 181st Ave., Gresham, OR 97230 ross.williams@cfmfloors.com www.cfmfloors.com J & B Hardwood Floors, Inc Jim Cripps P. 503-519-4920 jandbhardwoodfloors@gmail.com Rental Housing Maint Svcs CCB# 163427 Gary Indra P. 503-678-2136 Vinyl, VCT, Ceramic, Hardwood The Floor Store Joe Billarreal, P. 503-408-6488 5628 SE Woodstock Blvd., Portland, OR 97206 joe@floorstoreportland.com FORMS RHA Oregon Attorney drawn, Up-to-Date Rental Forms P. 503-254-4723 F. 503-254-4821 www.rhaoregon.org GENERAL CONTRACTORS Clear Water Construction Services - CCB# 194703 Both Residential & Commercial Service P. 503-974-6654, F. 503-217-0308 daleh@cwcsnw.com www.cwcsnw.com Servpro NW Portland Serving the entire state of Oregon P. 503-283-3658 F. 503-444-7130 www.servpronwportland.com Uptown Properties CCB# 198205 AJ Shepard P. 360-772-6355 Full Service General Contractor, Licensed & Bonded www.uptownpm.com HANDYMAN Bluestone & Hockley Real Estate Services Chuck Hodges, P. 503-222-3800 9320 SW Barbur Blvd. Ste 300, Portland, OR 97219 main@bluestonehockley.com Certified Services CCB# 184070 Full service repairs and Maintenance Mark Sandstrom, P. 503-313-7963 marksandstrom321@gmail.com Clear Water Construction Services Providing all types of repairs & maintenance P. 503-974-6654 www.cwcsnw.com

Rental Housing Maint. Svcs. CCB# 163427 Gary Indra P. 503-678-2136 Fully Licensed to do it all

Robinson Financial Group Rita J. Robinson P. 503-557-4997 Group & Indiv. Health Insurance

HAULING Junk Away Hauling CCB# 177966 P. 503-517-9027 Licensed bonded insured trash outs joejunkaway@gmail.com

State Farm Insurance Paul Toole P. 503-655-2206 6105 W ‘A’ St. #B, West Linn, OR 97068

HEATING & COOLING Midway Heating Co. CCB# 24044 P. 503-252-4003 12625 SE Sherman St. Portland, OR 97233

Stegmann Agency Farmers Insurance John Sage, Insurance Specialist Insuring Property Owners for 25 years P. 503-667-7971, F. 503-666-8110 202 SE 181st Ave. #201, Portland, OR 97233 john.lstegmann@farmersagency.com

Oregon Ductless, Inc. CCB#204219 Aaron McNally, P. 503-410-1309 Sales and installation of ductless heat pumps Serving all Portland Metro areas info@oregonductless.com www.oregonductless.com

Wolter Van Doorninck,CPCU Elliot, Powell, Baden & Baker P. 503-227-1771, F. 503-274-7644 1521 SW Salmon, Portland, OR 97205 www.epbb.com wvandoorninck@epbb.com

Pyramid Heating & Cooling CCB#59382 P. 503-786-9522 Serving the Portland Metro area info@pyramidheating.com

INVESTMENT SERVICES Peregrine Private Capital Corp P. 503-241-4949 5000 Meadows Rd. #230, Lake Oswego, OR 97070 rs@peregrineprivatecapital.com

Willamette HVAC - CCB#56951 P. 503-259-3200 www.willamettehvac.com Residential, Commercial and Oil Service HEATING OIL TANK Soil Solutions Environmental Services, Tank Locating, Sampling, Decommissioning and DEQ , Certified Clean-ups P. 503-234-2118 info@soilsolutions-environmental.com www.soilsolutions-environmental.com HOUSING AUTHORITIES Housing Authority of Portland Jill Smith P. 503-802-8565 135 SW Ash St., Portland, OR 97204 INSULATION Goose Hollow Window Co inc CCB#53631 Mary D. Mann, P. 503-620-0898 Energy Trust Trade Ally www.goosehwc.com marymann@goosehwc.com INSURANCE AAA Oregon Insurance Agency Home-Auto-Comerical-Life Antoinette (Toni) Bradfield P. 503-219-6260 600 SW Market St., Portland, OR 97201 toni.bradfield@aaaoregon.com

RareBird Investor Network Education & networking for Ptld real estate investors P. 503-451-0545 rarebirdinvestors.com LANDSCAPE MAINTENANCE Layna’s Cleaning Services Mow, trim, haul, install P. 503-545-0130 Free bids! Habla Español, Insured LOCKSMITH Mr. Rekey rekey.com P. 888-677-3539 MASON CONTRACTORS D&R Masonry Restoration Inc. CCB# 99196 Ray Elkins, P: 503-353-1650 8890 SE McLoughlin Blvd., Milwaukie, OR 97222 www.drmasonry.com MOLD AdvantaClean CCB#210974 Free Inspections, Testing, and Remediation Larry Wetzel P. 503-308-4688 www.advantaclean.com/vancouver-wa Good Affordable Roofing Services LLC CCB # 208939 For all things mold we do it Good & Affordable P. 971-312-7767 goodaffordableroofingservices@gmail.com www.goodaffordableroofingservice.com

American Family Insurance Auto/Home/ Life/ Commerical Larry Thompson Agency Real Estate Mold Solutions P. 503-924-2200, F. 503-924-2202 Lynne Whitney, P. 503-232-6653 15573 SE Bangy Rd. Ste. 220, Lake Oswego, OR 97035 Free inspections, Testing and Remediation www.realestatemoldsolutions.com Northwestern Mutual Financial & Retirement Planning MOVERS-HOUSE Charlene Quaresma, P. 503-421-5058 Emmert Development Co www.charlenequaresma.nm.com Terry Emmert, P. 503-655-9933 charlene.quaresma@nm.com 11811 SE Hwy 212 Clackamas, OR 97015

RENTAL ALLIANCE UPDATE JUNE 2018

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Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

PAINT / PAINTING Rental Housing Maint. Svcs. CCB# 163427 Gary Indra, P. 503-678-2136 Prof. Interior & Exterior painting garyindra@rentalrepairs.com Richard Hallman Painting CCB# 142467 Rick Hallman P. 503-819-1210 Quality Interior Painting Since 1992 PAINT REMOVAL Timby’s Dipstrip Tim P. 503-240-9841 We Get The Lead Out www.dipstrip.com PEST CONTROL Frost Integrated Pest Management P. 503-863-0973 Residential.Commercial.Multi Family www.frostpestfreezone.com NW Pest Control Bruce Beswick P. 503-253-5325 9108 NE Sandy Blvd., Portland, OR 97220 www.northwestpest.com nwpestcontrol@aol.com Orkin Pest Control Dan Wolcott, Account Manager & Inspector P. 503-384-8384 dwolcott@orkin.com PLUMBING / DRAIN CLEANING Apollo Drain P. 503-822-6805 www.apollodrain.com facebook.com/apollodrain 24 hour emergency service We gladly quote prices over the phone

PROPERTY MANAGERS Acorn Property Management, LLC - PDX Katie Poole-Hussa, Property Manager O. 971-352-6760 C. 541-968-1703 www.acornpm.net Action Management Wendi Samperi P. 503-710-0732 Bluestone & Hockley Real Estate Service Cliff Hockley P. 503-222-3800 9320 SW Barbur Blvd. Ste 300, Portland, OR 97219 Fox Management, Inc. Tressa L Rossi, P. 503-280-0241 C. 503-750-8124 F. 503-280-0242 2316 NE Glisan St., Portland, OR 97232 tressa@foxmanagementinc.com Gateway Property Mgmt P. 503-303-8545 www.gatewaypdx.com Property Management Done Right IRC Property Management Full Service & Hands-On Management Residential & Commercial P. 503-999-0477 / info@ircenterprises.com Micro Property Mgmt. We focus on the small details P. 503-473-3742 jeannie@micropropertymgmt.com PropM, Inc Michelle Wrege, P. 888-780-2938 Finding Home Owners Qualified Tenants www.propmhomes.com

MJ’s Plumbing CCB#36338 Michael LeFever P. 503-261-9155 1045 NE 79th, Portland, OR 97213

RareBird Property Management P. 503-926-6214 info@rarebirdproperties.com www.rarebirdproperties.com

ProDrain & Rooter Svcs Inc West P. 503-533-0430 East P. 503-239-3750 Drain Cleaning/Plumbing www.prodrainpdx.com

Tangent Property Management, Inc. Ann-Marie Lundberg P. 503-594-2101 www.tangentpm.com

Rental Housing Maint. Svcs CCB# 163427 Gary Indra P. 503-678-2136 Fully Licensed to do it all garyindra@rentalrepairs.com Soil Solutions Environmental Services Sewer inspection and repair P. 503-234-2118 info@soilsolutionsenvironmental.com www.soilsolutionsenvironmental.com PRINTING & PROMOTIONAL PRODUCTS Inkberry Print & Promotional Logo’d Promotional Products, Signs & More Pamela Maio, P. 503-706-7711 inkberryprinting@comcast.net www.inkberryprinting.com

The Alpine Group Tiffany Laviolette, P. 503-641-4620 4800 SW Griffith Dr., #209, Beaverton, OR 97005 www.alpinepdx.com The Garcia Group Ron Garcia, P. 503-595-4747 5331 SW Macadam Ave. Suite 361 Portland, OR 97239 www.garciagrp.com Uptown Properties Chris Shepard, P. 520-204-6727 2830 NW 29th, Portland, OR 97210 www.uptownpm.com Voss Property Management Richard Voss P. 503-546-7902 6110 N Lombard St., Portland, OR 97203

RADON Soil Solutions Environmental Services Radon Testing and Mitigation P. 503-234-2118 info@soilsolutions-environmental.com www.soilsolutions-environmental.com REAL ESTATE SALES Bluestone & Hockley Real Estate Service Cliff Hockley P. 503-222-3800 9320 SW Barbur Blvd. Ste. 300, Portland, OR 97219 Denise L. Goding Keller Williams Realty - Portland Central C. 503-799-2970 www.denisegoding.com Elizabeth Carpenter, CRIS LizC Real Estate Investments, LLC C. 503-314-6498 F. 503-882-8680 liz@lizcrei.com Engel & V ölkers - Portland - Lake Oswego Chris Cataldo P. 503-449-9502 Residential & Commercial Real Estate www.OregonInvestmentInRealEstate.com Norm Rice, Realtor First Class Properties www.1stCP.com Howard Greenfield, P. 503-936-6723 Principal Broker, Specializing in multi-family properties at Living Room Realty workspacepdx@gmail.com IRC Real Estate Specializing in Investment Property P. 503-999-0477 info@ircenterprises.com Liz Dauw, LizC Real Estate Investments, LLC P. 503-880-5561 Specializing in 1-4 Units, Oregon & Washington liz@lizdrealtor.com www.facebook.com/LizdRealEstate HFO Investment Real Estate Greg Frick, P. 503-241-5541 2424 SE 11th Ave., Portland, OR 97214 www.hfore.com RareBird Real Estate P. 503-451-0545 info@rarebirdrealestate.com www.rarebirdrealestate.com The Garcia Group Ron Garcia, P. 503-595-4747 5331 SW Macadam Ave. Suite 361 Portland, OR 97239 www.garciagrp.com RESTORATION / RECONSTRUCTION Clear Water Construction Services CCB#194703 Turnovers, Rehabs & Everything Else P. 503-974-6654 F. 503-217-0308 daleh@cwcsnw.com www.cwcsnw.com

RENTAL ALLIANCE UPDATE JUNE 2018

Let the advertiser know that you received their contact information through the Rental Housing Alliance Oregon

Kennedy Restoration Restoring Lives...Rebuilding Properties Since 1950 P. 503-234-0509 PDX, OR, 360-693-5288 VAN, WA www.kennedyres.com Rental Housing Maint Svcs CCB# 163427 Gary Indra,P. 503-678-2136 Fully Licensed to do it all Garyindra@rentalrepairs.com www.roofpdx.com Servpro NW Portland Serving the entire state of Oregon P. 503-283-3658 F. 503-444-7130 www.servpronwportland.com ROOFING Good Affordable Roofing Services LLC CCB # 208939 For all things roofs we do it Good & Affordable P. 971-312-7767 goodaffordableroofingservices@gmail.com www.goodaffordableroofingservice.com Real Estate Roofing Service CCB# 149575 Lynne Whitney, P. 503-284-5522 Free Inspections ReRoof and Repairs www.realestateroofing.com SEAL COATING Hal’s Construction Inc. CCB# 34434 Brian King, P. 503-656-4999 20666 S HWY 213, Oregon City, OR 97045 www.halsconstruction.com halspave@easystreet.net

SEWER Soil Solutions Environmental Services Sewer inspection and repair P. 503-234-2118 info@soilsolutionsenvironmental.com www.soilsolutionsenvironmental.com STRIPING Seal Coat Specialties, LLC-OR CCB#197991 WA Seal CSL 882m3 Asphalt maintenance Chuck Jordan, P. 503-914-9837 sealcoatspecialties@hotmail.com TAXES The Cobalt Group Accounting, tax, and business consulting 1100 NE 28th Ave., Ste 100, Portland, OR 97232 P. 503-239-8432 info@thecobaltgrp.com WATERPROOFING / CONCRETE REPAIR D&R Waterproofing, Inc. Ray Elkins, P. 503-353-1650 8890 SE McLoughlin Blvd., Milwaukie, OR 97222 www.drmasonry.com WINDOWS / STORM WINDOWS Goose Hollow Window Co Inc CCB# 53631 Mary D. Mann, P. 503-620-0898 Energy Trust Trade Ally marymann@goosehwc.com www.goosehwc.com

Seal Coat Specialties, LLC-OR CCB#197991 WA Seal CSL 882m3 Asphalt maintenance Chuck Jordan, P. 503-914-9837 sealcoatspecialties@hotmail.com

EMBERSHIP AND ENTOR MEETING

RHA Oregon Member and Mentor meetings will take a break in July and August and will resume in September

• • • • •

OUR MEMBERS MATTER!

Even numbered months: 4th Thursday at 6pm Odd numbered months: 3rd Saturday at 11am Open to the public Mentoring for new and established members Learn more about RHA Oregon and what membership benefits are offered • Refreshments provided

RHA Conference Annex- 10530 NE Weidler, Portland OR, 97220 22

RENTAL ALLIANCE UPDATE JUNE 2018

www.rhaoregon.org

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rental housing alliance oregon 10520 NE Weidler Portland, OR 97220

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