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Eugene City Council Proposes Phase II Renter Protections: What You Need to Know

The Eugene City Council has scheduled a work session on its Phase II Renter Protections Draft Ordinance for Monday, June 26, at 5:30 pm. The ordinance calls for: Limiting security deposits to 2x monthly rent. (including security, cleaning, and last month's rent). This would not include pet deposits. Displacement Prevention Assistance (relocation...

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U.S. Census Bureau: Portland and Seattle Q1 Year-Over-Year Vacancies Improve

Both Seattle and Portland have rental vacancy rates lower than Q1 of 2022 and below the national average of 6.47% Of the top 75 metro areas, Portland-Vancouver-Hillsboro's vacancy rate was 5.6%, down from 6.1% in 2021. Seattle-Tacoma-Bellevue tied for 11th lowest among the top U.S. metro areas, with a 3.3% vacancy rate, down from 5.7% a year...

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Portland Mayor Calls for One-Year Freeze on City Taxes and Fees

Portland Mayor Ted Wheeler announced last week his intention to propose a one-year freeze on nearly all city tax, fee, and utility rate increases in an attempt to aid recovery from economic hardship. The only exception might be a rise in water bills, required to cover the debt for the city's new, federally mandated water treatment plant. This...

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Multnomah County Voters Decisively Reject Controversial Eviction Measure

Multnomah County voters overwhelmingly rejected Measure 26-238, known as the Eviction Representation for All Measure. The measure sought to provide legal representation for those facing eviction after pandemic-related restrictions were lifted. With 82.37% of voters opposing the measure, it faced significant opposition, including concerns about...

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What is a Cap Rate?

A cap rate, short for capitalization rate, is a real estate metric used to evaluate the profitability of an investment property by measuring the rate of return on an investment property. It is calculated by dividing the property's net operating income (NOI) (before any debt service) by the price. For instance, if the Net Operating Income (NOI) is...

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