We all know Oregon is the best state to live in, but did you know we’ve become part of a national renting trend? According to rent.com, young people are relocating to places outside of the major metropolises of New York, Los Angeles and Chicago. In fact, smaller cities are seeing some of the largest influxes in millennial populations. An analysis of census data from 2011 and 2012 shows that cities like Denver, Portland, Houston and Austin saw some of the largest influx of 20-somethings. Of the top 15 most popular cities for millennials, New York, Los Angeles and Chicago are nowhere to be found. According to the Portland Business Journal, the Portland-area vacancy rate was just 3.5 percent. That’s the lowest level recorded in the spring since 2008.
One of the values the Rental Housing Alliance Oregon provides is keeping our members up to date with rental housing market trends like populations shifts, real estate value growth, and changes in national law that could affect us here at home. Most of our over 1,800 members are small business landlords with fewer than five units. It’s important to the RHA to keep an eye on market trends while our members are focused on the day-to-day work of providing housing. There is a reason why Oregon rental housing is hot and RHA members are right in the heart of it.
As your advocate, let me remind you of a change coming our way in a few weeks. Starting July 1, the Section 8 law takes effect and everyone will have to accept applications from section 8 clients.
This month the RHA is offering a class to our members called “Understanding your decision point” as well as our usual online tenant screening class. Education, outreach, and hands on help is what have made the first half of 2014 fly by.
Our dinner meetings are growing and have been a tremendous amount of fun. Thank you to all the volunteers and RHA business members who make these events a success. This month, the RHA dinner meeting will feature Clackamas County Fire District #1 Deputy Fire Marshal Kari Shanklin. Kari’s experience and knowledge with the Fire Prevention Division will make this dinner meeting one not to miss. June 18th, the RHA dinner meeting will be at the Monarch Hotel.
While you’ve got your calendar out, save July 16 for a very special, very fun social at the RHA office. It involves fine food, funny hats, and our partners in housing, J.O.I.N. And don’t forget to save August 13th for our annual picnic at Oaks Park.
As always, the RHA is here to serve. The coffee is always on and our team is the best. Feel free to give us a call.
Have a great start to your summer.
Liz Carpenter, Rental Housing Alliance Oregon President
Since 1927, the Rental Housing Alliance Oregon has set the standard for community participation by landlords providing affordable and quality housing.