Alright, folks! If you've ever thought about becoming a landlord, you might want to tune in, because Eric G is serving up some serious wisdom on what to consider before you dive headfirst into buying that rental property. Picture this: you’re at a carnival, excited for the rides, but first, you have to navigate through a maze of rules and regulations that could make even the most seasoned rollercoaster enthusiast dizzy. Eric starts this midweek episode with a story that ties the local sports scene to the rental market, setting the stage for a deep dive into the complexities of being a landlord. He doesn’t hold back when discussing the challenges of rental regulations, especially in a city like Portland where the rules can feel like a game of chess—only the pieces keep changing. From the headaches of lease terminations that could cost you thousands to the nuances of rent increases that are more complicated than they seem, Eric lays it all out in a way that’s both engaging and relatable. He paints a vivid picture of the rental landscape, where landlords are often left holding the bag while trying to keep their properties profitable amidst a sea of red tape. But it’s not all doom and gloom! Eric wraps up this insightful chat by encouraging potential landlords to do their due diligence. He underscores the importance of understanding local laws and preparing for the unexpected, all while keeping a light-hearted tone. With a mix of humor and practical advice, he reassures us that while the rental market can be a wild ride, it can also be a lucrative venture if you play your cards right. So, if you’re considering stepping into the rental arena, make sure to check out Eric’s tips and tricks to set yourself up for success!
Takeaways:
- Before jumping into the rental game, it's crucial to understand local laws and regulations that could affect your potential profits.
- In many cities, rent caps can make it tricky to increase rents later, so set your initial prices wisely from the get-go.
- The math is simple: if you're a landlord in a capped market, expect to price in risks to cover future costs you can't control.
- When considering rental investments, be mindful of potential costs and liabilities, including tenant issues and property maintenance.
Links referenced in this episode:
Companies mentioned in this episode:
- Moda Center
- RIP City Management
- Blazers
- Portland Tribune
- Consumer Product Safety Commission
- Panasonic
- Conair
- Cuisinart
- Greenworks
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Information given on the Around the House Show should not be considered construction or design advice for your specific project, nor is it intended to replace consulting at your home or jobsite by a building professional. The views and opinions expressed by those interviewed on the podcast are those of the guests and do not necessarily reflect the views and opinions of the Around the House Show.
Mentioned in this episode:
Episode 2241 — Real Design Starts with American-Made Tile: Inside Daltile | Made in America 250
Great design starts with great materials. In this episode of our Made in America 250 campaign, Eric G digs into what makes American-made tile the right choice for your next project — and why Daltile has been a go-to for designers and pros for decades.
As a Certified Kitchen Designer with 35+ years in the industry, Eric uses Daltile in his own projects, and in this conversation he breaks down how the right tile elevates a design, what to look for in quality and selection, and why manufacturing here in America matters for the products going into your home.
If you haven't experienced Daltile, you need to check them out — from kitchens to baths to outdoor living, they've got the surfaces to bring real design home. Learn more at daltile.com. https://player.captivate.fm/episode/07a8c105-8e88-40eb-b8f1-a5340d6a3518/
In this episode:
How American-made tile elevates your next design project
What separates quality tile from the bargain-bin stuff
Why Daltile's selection gives designers and homeowners more to work with
Daltile is a featured brand in the Around the House Made in America 250 campaign, celebrating the American manufacturers shaping real design.
Daltile
Evolve Stone
We tell the story of Evolve Stone and how they are made in the USA. To listen to the complete episode: https://player.captivate.fm/episode/ef96f15d-b960-44a8-9522-1c3fa56c7cb7/
To find out more and order your free samples with promo code ATH26 head to EvolveStone.com
Evolve Stone
