Blog
Planning to sell your company?
When planning to sell your company: be flexible, be willing to sell, and have a plan of what you will be doing after the company sells.
Portland’s taxes could get even higher with the passage of Measure 118
Measure 118 is an aggressive tax that automatically increases the cost of doing business in Oregon. The effects of the newest taxes in Multnomah County for businesses and individuals encourage them to flee to other states, including significant tax flight to Vancouver, Washington. Read more about this now!
12 Ways to build and control a successful property management company.
Growing a property management company is built on the skills of its leaders, managers and employees, and on solid property management and accounting software with built in control systems.
Section 8 Vouchers; Can Oregon Landlords continue to participate?
There are many variables that need to be considered when renting to Choice Voucher Tenants.... As a result, we may have an opportunity for property owners to develop processes and procedures to create a potential win-win for both Tenants and Landlords.
Multifamily buildings built in the 60s and 70s are beginning to wear out
Use the following concepts as a plan to know how to plan for affected components of an aging apartment building...
Property Inspections as part of due diligence and ownership of your real estate investment
Property Inspections take a lot of time and can be costly but will protect you from expensive mistakes. Here is a handy Due Diligence checklist you can use as you buy a property…
Who is going to run your company or care for your investments if you die or become incapacitated? Have you planned ahead?
Without clear instructions, it’s not clear who would fill your spot should something happen to you. This could create a number of conflicts…
Overview of Portland Oregon Industrial Marketplace 2024
Demand for e-commerce sales has flattened. This reduction in demand, coupled with increased interest rates and inflationary challenges, have dampened market demand enough to create a level of uncertainty that has reduced the demand for industrial space in the Portland Metro Marketplace.
How to improve your real estate investment results by tracking key pieces of information like an asset manager does
Many investors think that budgeting isn't a critical part of managing or operating a property. But in fact, you can't run a property without a budget…
Care for your staff like you would want them to care about you.
What does a caring work environment look and feel like? You cannot offer as much pay as your competitors, what can you offer?
Working on your business is as critical as working in your business.
Business growth is not a surefire way to become rich, because as you grow your marketing, equipment and employment expenses seem to increase as well and chew up the new cash flow. That is where my mantra comes in…
It’s a complicated time to own Apartments in The Portland, Oregon Metro area.
Faced with over building, Apartment owners throughout the Portland Metro and Salem metro are forced to find creative ways to attract tenants. It does not help that the population has been decreasing…
Twenty (20) things you can do today, to save the planet!
Embarking on a journey to save our planet requires both individual commitment and collective action. Inspired by a powerful message witnessed on a Qatar flight to the Middle East, I've compiled a list of actionable steps we can take to reduce our environmental footprint and improve our health. From minimizing plastic usage to embracing sustainable practices in our daily lives, each suggestion aims to make a tangible difference. Let's dive into these practical solutions together and pave the way for a healthier planet and future generations.
Screening thoughtfully to make a successful hire. Part II of ”Finding the right talent to help you grow your company”.
Navigating the hiring process is complex, but investing time to recruit the best talent is crucial for meeting company goals. In a diverse marketplace, it's essential to look beyond similarities and prioritize qualities like positivity, innovation, experience, and determination. Success hinges on assembling a team with the right skills and attitude to implement your company's vision effectively.
Finding the right talent to help you grow your company. Part I
Do you have a dream to own or run a company? To Implement your dream, you gain experience in another company, buy an existing business, or build one from scratch. As you work to implement your dream of independence you realize that you can’t possibly wear all the operational hats by yourself. It’s difficult to be the accountant, chief information officer, CEO, chief operating officer and still find time to make and sell your product.
How Many Properties Should You Put Into An LLC?
As real estate investors expand their portfolios, the decision to use a single LLC for multiple properties or separate LLCs for each property hinges on various factors. An LLC provides liability protection by acting as a separate entity, and forming one involves tasks such as creating an operating agreement, obtaining an EIN, and registering with the state. While there's no specific limit to the number of properties within an LLC, potential legal claims can target all properties. Considerations such as property values, equity, and location influence the decision on the number of LLCs. Tax-wise, LLCs are recognized by states, not the IRS, and their structure affects filing requirements. There's no one-size-fits-all answer, and periodic consultation with legal and financial advisors is crucial as portfolios evolve.
Reach out if you have any thoughts or questions - Cliff Hockley Consulting LLC
Why Apartments Don't Rent and What to Do About It
Navigating the challenge of high apartment vacancy rates involves deciphering the complexities behind oversupply. Reasons such as overbuilding, high rents, emigration, death rates, and low birth rates contribute to this puzzle. Property owners and managers must identify specific causes and adapt marketing strategies accordingly, employing rental adjustments and incentives as needed. Addressing this intricate issue requires a thoughtful and adaptable approach, often involving testing different strategies until an effective solution is found.
Building a successful commercial brokerage and management company
My wife and I sold our company Bluestone and Hockley Real Estate Services in November of 2021 to a local competitor. We were happy with the success of our company, but we made mistakes, and hope you learn from them. This is our story. My wife and I bought our small property management/real estate brokerage company over 35 years ago…
Due diligence on a property purchase is always critical — you never know what you will find
This is the true story of a 42-unit multifamily sale. Our experienced sales team creates due diligence checklists for every transaction. The checklist process helps us with our consistency and helps our “buyer” clients get better results. Most of the time, as we work our way through the “due diligence” process…
2023 Oregon Legislative Round-Up
Oregon's annual legislative session ended June 25, 2023. There were 2,976 bills, memorials, and resolutions introduced during the 2023 session. Of those, the Legislature passed 653. We have attached bills below that might be of interest to those who invest in real estate in Oregon…
Successful Real Estate Investing: Invest Wisely, Avoid Costly Mistakes and Make Money
This book by Cliff Hockley, is a guide that includes everything one needs to know about investing in real estate. Successful Real Estate Investing was written to help investors of any experience level.
Real estate investing is a common conversation topic for good reason as it can be very lucrative when done correctly. However, many investors have lost thousands or even millions of dollars on devastating mistakes that could have been avoided. Cliff Hockley, a property management and commercial brokerage expert, wrote Successful Real Estate Investing to help people avoid these mistakes and make as much money as possible from their real estate investments.
Experience is a very effective teacher, and therefore Successful Real Estate Investing allows investors to learn from others’ experiences. Successful Real Estate contains thirty- four stories of different real estate investors, emphasizing exactly where these people went wrong, or what they did correctly. These stories include a wide variety of investors and investment types to offer knowledge that is applicable for any investor.
Successful Real Estate Investing: Invest Wisely, Avoid Costly Mistakes and Make Money was released by Morgan James Publishing on May 21, 2019. It is widely available on the internet in paperback and e-reader and kindle format.