Blog
Single-Family vs. Multifamily Real Estate
You are ready to invest in a rental, and the first fork in the road is whether to buy a single-family home or a multifamily property. Both can help build long-term wealth, but they behave very differently as investments. Single-family rentals are generally simpler and...
How to Evaluate a Property Management Company
Choosing a property management company is one of the most important decisions a rental property owner can make. The right company can help protect your investment, attract qualified tenants, maintain the property, collect rent consistently, and give you a clearer...
How Much Does Property Management Cost in Redmond, Oregon?
You own a rental in Redmond and you are weighing whether a property manager is worth the fee. Fair question, and the answer starts with understanding what you actually pay for and how the pricing works. Here is a plain breakdown of property management costs for...
Short-Term vs Long-Term Rental Investment: Profit, Risk, Stability, and ROI
Short-term rentals (STRs) can deliver higher revenue upside because nightly rates adjust with demand, but they usually come with more volatility, more hands-on management, and higher operating costs. Long-term rentals (LTRs) typically produce steadier monthly cash...
How to Limit the Risk of Investing in Real Estate
"No risk, no reward." That phrase has been applied to everything from play calling in sports to starting a business to investing in real estate. It suggests that if risk is not taken then there will be no reward. That may be true but it does not mean that we have...
Should I Sell Or Rent My Home?
Your current home is the first home you ever purchased but you are ready to move up to something a little more "comfortable" and now you wonder, "Should I sell my home or rent it?" Here are some things to consider when searching for an answer to this question....
Tight Rental Market in Bend, Oregon Leads to Rising Rents and Few Vacancies
Over the last three years the Bend rental market has shifted dramatically from one with an ample supply of rentals and moderate demand to one with a shrinking supply of rental units and a growing demand for those units. Over that time the vacancy rate in Bend went...
Home Buyers: Don't Sabotage Your Deal
Buyer beware! We have all heard that phrase so many times that it has become second nature to be wary of someone selling something. It is good advice for sure but home buyers should also beware of ways they can sabotage their purchase of a house. It is easier than...
HOA's and Rental Properties, What Investors Should Know
Often real estate investors get caught up in whether or not a house being purchased as a rental will make money. How much will it rent for? What are the expenses associated with this property? Necessary repairs will cost how much? While Home Owners Association...
What Is a Good Cash-on-Cash Return for Rental Property Investments?
When evaluating a rental property, purchase price and monthly rent only tell part of the story. Real estate investors need to know how much income an investment generates compared with the actual cash they put into the deal. That is where cash-on-cash return, often...
Vacation Rentals vs Long Term Rentals Bend
Vacation rentals vs. long term rentals in Bend? That is the question real estate investors are faced with. Because Bend is well known as a vacation destination, investors can turn their properties into vacation rentals. A good vacation rental in Central...
Investor Friendly Realtors: How to Find Them
Real estate investors are a different breed of home buyer and as such they need a different breed of Realtor®. There are many factors that go into the purchase of an investment property that the buyer of a primary residence and her agent wouldn't even think of...
Mistakes Borrowers Make After Applying for a Mortgage
Getting approved for a mortgage is no small feat these days. At times it can feel like you have to jump through one hoop after another, chasing down bank statements, pay stubs, tax returns and even copies of deposited checks. All that paperwork is vital to getting...
Real Estate Investing: Is Location Important?
Location, location, location! That familiar real estate phrase referring to the three most important factors in real estate. We have all heard it and many of us have even repeated it but it often doesn't get the consideration it should from real estate investors....
Tips for Buying a Great Rental Property
Finding a great rental property to buy isn't molecular biology but it shouldn't be taken lightly either. There are a lot of factors that can come together to create a snowball effect that determines whether or not you make money on your investment. Here...
Mistakes Renters Make
We all make mistakes from time to time. Some mistakes don't cost us anything while others can mean losing thousands of dollars. For tenants, mistakes often fall into the losing money category. Whether you are new to being a tenant or just haven't...
Even More Tips for First Time Home Buyers
In step one you selected the real estate agent and mortgage lender you thought were the best fit for you. In step two you set reasonable expectations for your home search. Now that you are ready to begin looking at houses it is time to...
Pros and Cons of Single Family Rental Properties
Fidelity Investments research consultant Peter Lynch famously coined the phrase, "Invest in what you know." For most real estate investors, especially those just getting started, what they know is single family homes. Although there may be a level of comfort with...
More Tips for First Time Home Buyers
You started the process of buying your first home by choosing a real estate agent and mortgage lender that meet your qualifications and feel like a good fit. Before you take off, excited to find the perfect home, step back and set some expectations for your home...
Is a Fixer Upper Right for You?
Whether you are a handy home owner looking to "buy up" at a discount, an investor looking for a flip or rental, or a first time home buyer looking for an affordable house you can make your own, a house that needs some repairs can present you with a good opportunity to...
How to Evaluate Online Reviews for Real Estate Agents and Realty Companies
Online reviews are a common part of the process when you are shopping for just about any service or product. That includes buying or selling a home. Reviews help you create a list of prospective real estate professionals for your mission, yet you should know that not...
Tips for First Time Home Buyers
This is the first installment of multiple posts aimed at helping first time home buyers. Buying your first home is a big deal and it is one you should be prepared for. It is easy to get caught up in the excitement of shopping for your first house and overlook some...
What You Should Know About a Home Before You Buy It
There are some very important things that every buyer should know about a home before signing on the dotted line. Most people, real estate agents included, think a professional inspection and an appraisal will uncover everything you need to know about a house. While...
Listing With An Assumable Mortgage
We specialize in helping our clients find Bend, Oregon homes for sale with an assumable mortgage! Call Becky at (541) 797-9575 or email her at becky@prbend.com When listing your house for sale, the real estate agents at Preferred Residential try to think of every...
Mistakes to Avoid When Purchasing an Investment Property
You have determined why you are investing in real estate and what type of property can best help you reach your goals. Now it is time to take the next step toward making money - purchase an investment property. Hold on though, while this is an exciting step...
Real Estate Investing: The First Property
So you have some extra cash and have decided you want to invest in real estate. Before you take the plunge and buy that first investment property you should consider what you hope to accomplish by investing in real estate. Is it to make a quick buck? To save...
Is it Time to Hire a Property Management Company?
Owning rental properties is a great way to make money but it can also be a great way to run yourself into the ground. Especially if managing your properties isn't your only job. If you own rentals in Bend, here are a few indicators that might mean it is time...
Best Public Golf Courses in Bend
Central Oregon has long been known as a destination for great golf. In fact, Golf Digest has named Central Oregon one of the Top 25 Golf Destinations in the world. They continued to pile on the praise this year when three of the more than 24 courses here...
St. Charles Medical Center Ranked by U.S. News & World Report
A big question for a lot of people when moving to a new city is, "how is the health care?" It ranks right up there with, "How are the schools?" Thankfully, we now have a solid answer from a well respected third party: U.S. News & World Report. While it may not...
Top 7 Reasons You Should Invest in Bend OR Real Estate
You have been thinking about investing in real estate for a while now but you don't know where you should invest. Should you buy a rental in your home town? A college town? Why not invest in Bend real estate? Why not indeed? Here are our...