State News

Rental Housing Journal is the business journal for the Colorado rental housing and multi-family property management industry.

More Introspection Is Needed for Long-Term Business Success, 
Says Former Naval Officer and Business Leader

The entrepreneurial spirit may be taking a hit these days. Studies show members of the Millennial generation appear less interested than previous generations in starting their own businesses, preferring instead to find work with established companies. In 1989, 11.6 percent of households headed by someone younger than 30 held a stake in or owned a private enterprise; today that percentage is 3.6 percent, according to a recent Wall Street Journal report. Randy H. Nelson finds that troubling, but perhaps understandable.

By Cliff Hockley and Heather Hill,
Bluestone & Hockley Real Estate Services

Property security is an aspect of property management operations often overlooked and not budgeted for.   Properties typically need security for: transient removal, trespassing, illegal dumping, vandalism, theft, alarm response, illegal camping, and criminal issues on site (like drug dealing for example). Property owners and managers can choose to implement a variety of strategies to improve property security.

Real Estate Grows In Popularity Proponents Say 1031 Exchanges Are Good For The Economy, But Congress Eyes Repeal

– According To Latest Buy Vs. Rent Index

– Corporate Development Expert Says CEOs & Entrepreneurs Shouldn’t Sell Their Vision Short

Variety in business is generally good, but when it comes to profit and revenue, an entrepreneur’s expectations should be fairly singular – go big.
That’s according to business development expert Cameron Herold, who drove 1-800-GOT-JUNK’s growth from $2 million to $106 million in a handful of years. Otherwise, he says, you’re probably selling yourself short.

“If you’re a CEO or entrepreneur and you do not plan on doubling your profit and revenue within the next three years, you may be lacking focus,” says Herold, author of “Double Double” (www.DoubleDoubleBook.com).
“It’s within your grasp to increase your business drastically within a few years, but you need to make several smaller goals in order to do so. It all starts with a vivid vision.”

Whenever a landlord has to go to court against a resident, one factor crucial in winning is to have the correct documentation. Cases can be won or lost depending upon your notices, letters, repair invoices, photographs and other written evidence. This article will provide a general overview of written evidence as it relates to landlord and tenant issues.

Testing, Testing, 1-2-3!
Ever been tested by the Fair Housing Council of Oregon (FHCO)? If you abide by best practices and an awareness of protected classes under Fair Housing law, you may never know; violate Fair Housing law with a tester and you will most definitely know. Hopefully, your violation is minor and you will be warned for the future, but violators can be financially penalized, and the fines start at $16,000. Protected classes include, Federal: race, color, national origin, religion, gender, familial status (families with children), and disability; State of Oregon: marital status, source of income (now including housing subsidies like Section 8), sexual orientation, and gender identity; City of Eugene: type of occupation, ethnicity and domestic partnership. Active duty military and victims of domestic violence have additional protections under landlord-tenant law.