Blog Stories Managing Single-Family Homes in Portland: A Labor of Love

Managing Single-Family Homes in Portland: A Labor of Love

By Coty Thurman, June 24, 2024

Managing single-family homes in Portland is more than just a job for me; it’s a deeply personal commitment to a city I love and believe in. Portland has faced its share of challenges, but I am incredibly proud of how resilient and dedicated our community is to making positive changes. As I write this, midway through 2024, our collective efforts to clean up our city, pivot drug laws, oversee encampments, and support small businesses are already yielding remarkable results. All things that make living and working in this beautiful city worthwhile. The dedication of those working tirelessly to bring about these improvements is truly inspiring. Here are some of my favorite parts of my role as a residential, Portland property manager.

Collaborating with Mom-and-Pop Landlords

One of the aspects of my work that I cherish most is collaborating with mom-and-pop landlords who understand their critical role as housing providers. These landlords entrust us with managing homes that we would be proud to live in ourselves, ensuring that every property we manage meets the highest standards of comfort and safety. The diversity of Portland’s housing—from swanky condos and creatively built ADUs to quirky, character-filled homes—adds to the unique charm of our city. Each Portland neighborhood offers something special, and I often find myself daydreaming about the different lives one could lead moving from a NW Pearl District penthouse to a tree-shaded ranch in the SW Bridlemile neighborhood.

Embracing Inclusivity and Diversity

Portland stands out as a beacon of inclusivity, particularly for our LGBTQ+ community, with a strong emphasis on the Trans community. Seeing our rentals becoming safe havens where individuals can find a sense of belonging and acceptance is heartening. Understanding the nuances of our tenants’ lives, such as recognizing that the name on the rental application might not match the name used when calling in a service request, is a small but significant part of what makes our work meaningful.

Elevating Property Management

Managing properties in Portland requires a professional approach. The conversations, the strategy, the education, and the access to tools have all been elevated. This makes me proud of the work I do, as it begins to eliminate the grimy landlord stereotype we’ve grown up with in the movies. Here in Portland, a property manager must comprehend the intricate overlap of state and local landlord laws. You need to understand how to communicate with people and, if you’re really good at it, how to build a relationship of trust with your clients (landlords) and your customers (tenants).

It’s particularly satisfying when I hear property managers from outside our city remark on how challenging it seems to manage rentals in such a highly regulated environment. I always remind them that regulations are not daunting when you understand the rules of the game. It’s like mastering a complex game—once you know the rules, navigating becomes much easier. I love that being a landlord in Portland means that I am held to a higher standard.

Building a Better Community

With the support of some legislative nudging, Portland landlords have been required to educate their tenants over the past few years. We’ve made significant strides in educating tenants about their rights and responsibilities through added disclosures and transparency. This empowerment can be intimidating, but ultimately, it raises the standard for landlords as well. As property owners, managers, and landlords, we are being held to the same high standards we expect from our tenants.

Property management is my full-time job, and I dedicate myself to understanding the details and developing effective strategies. I want property owners to come to me with their investment goals so we can explore their options thoroughly before placing a tenant in the home. Sometimes, converting a family home to a rental makes perfect sense; other times, it might not be the best decision. Through thoughtful planning and a deep understanding of Portland’s unique housing landscape, we can make informed decisions that ditch the power dynamics of the past and benefit both property owners and tenants.

In the end, managing single-family homes in Portland is not just about maintaining properties—it’s about building a community where everyone can thrive. This is why I am so passionate about my work and so proud to work in the great City of Portland.

Are you looking to build a relationship with a Portland property manager to support you in your investment goals? Check out our website and request a quote from our website, www.livingroomrentals.com.

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.
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  • T: 503-781-6055
  • coty@livingroomre.com

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