The city of Portland is currently considering new policies that would immediately impact multifamily owners and managers. In their current form, these ordinances would dramatically increase the regulation of the tenant screening process, security deposits and other aspects of renting.
View the full text of the proposed ordinances here:
If passed in to law, these new requirements will further increase the importance of working with a well-qualified third-party tenant screening agency in order to remain fully compliant with new and existing laws governing the tenant screening process.
The City Council will deliberate and vote on these measures at 3:00 PM on May 23rd.
IMG Northwest Advisors are committed to helping Portland landlords and apartment owners reach their long-term investment goals. For more information on local and state policy updates and their current/potential impact to your property, call us at (971) 888-4010.