Today I’m happy to share an interview I did with my friend Mitchell, who's been in the property management business for a long time. He is the owner of Gateway Property Management, now a 10-year-old company. As you know, we at Core Group regularly put out videos to help educate others on realty topics and address frequently asked questions; lately, we’ve been getting a ton of questions about tenants and spotting potential problems early on. If bad tenants have already moved in, how do you get them out?
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
0:00: Introduction to today’s topic
2:25: The importance of having solid, objective screening criteria for all potential tenants.
3:11: Making sure you design the screening criteria around the jurisdictional laws in which you operate (the city of Portland is exploring new ordinances).
4:11: Great legal resources for those interested in becoming landlords.
4:50: How to safely remove a bad tenant without putting your asset at risk.
5:40: Preparing for a legal challenge ahead of time—knowledge is power.
7:20: Avoiding the courts, in general, should always be the play.
8:27: If you’re managing properties long enough, you’ll inevitably deal with messy situations and bad tenants.
9:15: What exactly Gateway Property Management does to help local property owners.
10:30: The costs associated with no-cause evictions in the state of Oregon.
12:10: The importance of knowing your exit strategy as a landlord.
13:50: Wrapping up today’s message.
Feel free to reach out to Gateway Property Management by phone or email if you’re seriously considering becoming a landlord or have any questions. We would love to help you.