Eugene vs Nearby Cities
The real estate prices in western Oregon are rather consistent from city to city. The median home value and median listing price in Eugene are both around $300,000 most of the time, and the median price per square foot tends to stay around $200. These prices are slightly higher than those seen in most surrounding cities, including Springfield, Junction City and Veneta. All of these cities typically feature median listing prices around $250,000. It’s common for buyers to pay an average of $200 per square foot in all of these cities, though there are more affordable homes available throughout this region of Oregon.
Eugene Property Managers
Tenants are the primary concern for a property manager. The property owner trusts the manager to keep tenants happy by effectively maintaining all rental units and community spaces. This includes handling conflicts between tenants as well as initiating the eviction process when necessary. A manager may also take care of marketing and screening to attract great residents to the rental units.
Eugene Property Management Company Fees
On average, property managers charge around 10 percent of the rent collected from a property. This rate is negotiated according to the services that the manager is expected to perform as well as the size and condition of the property. Additional fees are often charged for advertising, screening and selecting new tenants.
Oregon Landlord/Tenant Laws
- Once a tenant vacates a rental unit, the landlord has 31 days to return their security deposit.
- The State of Oregon imposes no restrictions on the amount landlords may charge for the security deposit.
- Once a yearly rental agreement is signed, the landlord cannot increase the amount of the security deposit without the tenant’s agreement.