Not only are Investors faced with increased operating expenses, but their Property Managers are increasing their fee structure which makes it even more difficult to make a profit cash flow. This article will give you some details…

When planning to sell your company: be flexible, be willing to sell, and have a plan of what you will be doing after the company sells.

Measure 118 is an aggressive tax that automatically increases the cost of doing business in Oregon. The effects of the newest taxes in Multnomah County for businesses and individuals encourage them to flee to other states, including significant tax flight to Vancouver, Washington. Read more about this now!

Growing a property management company is built on the skills of its leaders, managers and employees, and on solid property management and accounting software with built in control systems.

There are many variables that need to be considered when renting to Choice Voucher Tenants.... As a result, we may have an opportunity for property owners to develop processes and procedures to create a potential win-win for both Tenants and Landlords.

Use the following concepts as a plan to know how to plan for affected components of an aging apartment building...

Property Inspections take a lot of time and can be costly but will protect you from expensive mistakes. Here is a handy Due Diligence checklist you can use as you buy a property…

Without clear instructions, it’s not clear who would fill your spot should something happen to you. This could create a number of conflicts…

Demand for e-commerce sales has flattened. This reduction in demand, coupled with increased interest rates and inflationary challenges, have dampened market demand enough to create a level of uncertainty that has reduced the demand for industrial space in the Portland Metro Marketplace.

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…