By Coty Thurman, June 3, 2024
5 Things to Know About Renting in Portland
As a landlord in Portland, navigating the rental market can be both rewarding and challenging. Here are three essential things to know about Local Rental Laws and Regulations:
- Notice Periods: Tenants are entitled to substantial notice periods for rent increases and lease terminations. For example, you typically need to provide 90 days’ notice for a rent increase. Tenants are also provided a minimum of 10-days notice for non-payment of rent, a notice that can be issued no earlier than the 8th of the month.
- Security Deposits: The city has specific rules on how to handle security deposits, including how much a tenant can be charged, their timeline for paying deposits, timelines for returning them and itemizing any deductions. Utilize the City of Portland Guide to Security Deposits for more information.
- Relocation Assistance: In certain situations, landlords must provide financial relocation assistance to tenants when a lease is terminated without cause. Landlords can apply for relocation exemptions but it’s important to do so before signing a lease with a new tenant. For details on Portland’s Relocation Assistance and landlord exemptions visit the Portland Housing Bureau’s website.
- Rental Registration: Landlords are required to register their rental properties with the Portland Housing Bureau. This helps the city track rental properties and ensures compliance with local laws. Use this link to learn more about registering your rental property.
- Tenant Screening Criteria Disclosure: Landlords must provide written notice of their tenant screening criteria and the process they use to evaluate applications to all potential applicants before they apply for the rental property. This ensures transparency and fairness in the selection process. Use this link to access more details on Portland FAIR – Applications & Screening rules.
Living Room Property Management specializes in long-term, residential rentals: single-family homes, 2-4 unit plexs, privately owned condos and ADUs. Are you interested in learning more about Living Room’s property management services? Click here to request a rental quote and schedule a time to connect.
Coty Thurman
President & Licensed Principal Broker of Property Management
She/Her
As of January 2024, I am thrilled to announce that I have assumed the role of President at Living Room Property Management, marking another milestone in my journey within the real estate industry.
With over two decades of experience in real estate, my career trajectory has been one of continual growth and learning. From my early days as a leasing agent to eventually becoming a Property Manager and Regional Trainer, I have honed my skills and expertise in property management. My experience overseeing multi-million dollar multi-family communities across various locations, including the Portland Metro area, the Bay Area in California, and Boulder, Colorado, has equipped me with invaluable insights into the intricacies of this field.
I am deeply passionate about the nuances of property management—the problem-solving, organization, and implementation of systems necessary for success. I am committed to leading an ethical, trustworthy, and knowledgeable team to effectively manage our rental portfolio. Whether it's navigating the complexities of Oregon landlord-tenant laws or optimizing our client's investment portfolio, I am always eager to tackle new challenges head-on.
Diversity and inclusion lie at the heart of my leadership philosophy. As a biracial woman who has experienced firsthand the importance of representation and inclusivity, I am committed to fostering environments where individuals from all backgrounds feel valued and empowered. By actively seeking out and supporting diverse talent, I aim to create a workplace that celebrates the unique perspectives and contributions of each team member.
My roots run deep in Portland, having grown up in the Montavilla neighborhood and attended Marshall High School. Alongside my high school sweetheart turned husband, I am raising two wonderful children and a beloved dog in the eastern suburb of Fairview. Surrounded by supportive family and friends, I am grateful for the community that has helped shape both my personal and professional journey.
Outside of work, you can often find me enjoying quality time with my family on our back porch, attending live comedy and theater with friends, exploring the city's vibrant culinary scene, or immersing myself in the music and culture at outdoor concerts. Whether cheering on my kids at their sporting events or belting out tunes from the Hamilton soundtrack during a scenic drive, I cherish every moment spent embracing life's adventures.
Read More
- T: 503-781-6055
- coty@livingroomre.com
