Many investors think that budgeting isn't a critical part of managing or operating a property. But in fact, you can't run a property without a budget…

What does a caring work environment look and feel like? You cannot offer as much pay as your competitors, what can you offer?

Business growth is not a surefire way to become rich, because as you grow your marketing, equipment and employment expenses seem to increase as well and chew up the new cash flow. That is where my mantra comes in…

Faced with over building, Apartment owners throughout the Portland Metro and Salem metro are forced to find creative ways to attract tenants. It does not help that the population has been decreasing…

Embarking on a journey to save our planet requires both individual commitment and collective action. Inspired by a powerful message witnessed on a Qatar flight to the Middle East, I've compiled a list of actionable steps we can take to reduce our environmental footprint and improve our health. From minimizing plastic usage to embracing sustainable practices in our daily lives, each suggestion aims to make a tangible difference. Let's dive into these practical solutions together and pave the way for a healthier planet and future generations.

Navigating the hiring process is complex, but investing time to recruit the best talent is crucial for meeting company goals. In a diverse marketplace, it's essential to look beyond similarities and prioritize qualities like positivity, innovation, experience, and determination. Success hinges on assembling a team with the right skills and attitude to implement your company's vision effectively.

Do you have a dream to own or run a company? To Implement your dream, you gain experience in another company, buy an existing business, or build one from scratch. As you work to implement your dream of independence you realize that you can’t possibly wear all the operational hats by yourself. It’s difficult to be the accountant, chief information officer, CEO, chief operating officer and still find time to make and sell your product.

As real estate investors expand their portfolios, the decision to use a single LLC for multiple properties or separate LLCs for each property hinges on various factors. An LLC provides liability protection by acting as a separate entity, and forming one involves tasks such as creating an operating agreement, obtaining an EIN, and registering with the state. While there's no specific limit to the number of properties within an LLC, potential legal claims can target all properties. Considerations such as property values, equity, and location influence the decision on the number of LLCs. Tax-wise, LLCs are recognized by states, not the IRS, and their structure affects filing requirements. There's no one-size-fits-all answer, and periodic consultation with legal and financial advisors is crucial as portfolios evolve.

Reach out if you have any thoughts or questions - Cliff Hockley Consulting LLC

Navigating the challenge of high apartment vacancy rates involves deciphering the complexities behind oversupply. Reasons such as overbuilding, high rents, emigration, death rates, and low birth rates contribute to this puzzle. Property owners and managers must identify specific causes and adapt marketing strategies accordingly, employing rental adjustments and incentives as needed. Addressing this intricate issue requires a thoughtful and adaptable approach, often involving testing different strategies until an effective solution is found.

My wife and I sold our company Bluestone and Hockley Real Estate Services in November of 2021 to a local competitor. We were happy with the success of our company, but we made mistakes, and hope you learn from them. This is our story. My wife and I bought our small property management/real estate brokerage company over 35 years ago…

This is the true story of a 42-unit multifamily sale. Our experienced sales team creates due diligence checklists for every transaction. The checklist process helps us with our consistency and helps our “buyer” clients get better results. Most of the time, as we work our way through the “due diligence” process…

Oregon's annual legislative session ended June 25, 2023. There were 2,976 bills, memorials, and resolutions introduced during the 2023 session. Of those, the Legislature passed 653. We have attached bills below that might be of interest to those who invest in real estate in Oregon…

My grandparents left me three buildings in a trust when they passed. I was thirty years old at the time and had barely paid attention to all the things they told me about real estate. They kept talking about building net worth and dragged me out to empty apartments to clean and paint them between tenants. My job was to sweep clean, empty the trash, and reach…

In the ever-hectic race to increase the corporate bottom line, the mergers and acquisitions strategy for corporate growth has always looked like a bright shiny diamond. Once embraced, this strategy will allow you to keep growing profitably, and with luck, allow you to harvest operational efficiencies that can…

I have been working with investors for over 35 years. Often, it’s a small group of people who invest together, a Mom and a Dad and their kids, or business associates that invest together. A typical investment group may inherit some real estate or will have the income that generates enough cash to allow…

As we near the mid-point of 2023, the Portland apartment market has shifted dramatically from 2022 which was a record-breaking year. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. Let’s lay some groundwork. Oregon’s total nonfarm payroll employment…

In my lifetime, the LIBOR rate adjustments were an accepted rate in many commercial lending documents. This is now coming to an end and banks are scuttling about adapting other indexes. The London Interbank Offered Rate (LIBOR) was born out of a need for an interest rate to charge Iran for…

Every day, individuals and businesses are faced with legal issues that require the assistance of a competent attorney. Finding an attorney who can give you legal interpretations you can trust is crucial. You may even need to choose more than one attorney to help you manage your personal, business, or estate issues…

Every so often, business partners need to go their separate ways. Most of the time they do it voluntarily, but in unusual instances, for example, when there is no written agreement, an involuntary dissolution of the partnership needs to be put in place. This is called a “Partition.” This could be the dissolution of…

To Whom It May Concern, I’ve known Cliff Hockley for about 15 years, but in advance of that I’d heard of his CRE firm in the Portland area. We met via the Oregon/SW Washington CCIM Chapter. After getting to know Cliff, our family has sought out his advice as a Trusted Advisor. We’ve vetted a number of…