Commercial Property Resource’s Rental Policy Ensures Great Tenants

With over 30 years’ experience in real estate, Paul Kerley is the president and owner of Commercial Property Resources (CPR). From his office in Salem, Oregon, Paul Kerley oversees the company’s real estate investments and residential units.

CPR’s rental policy is designed to match tenants with their desired homes and ensure a good owner/tenant relationship.

Potential tenants 18 years of age and up can begin the application process by completing a rental application. Once completed and signed, this form will be submitted to CPR’s office in Salem, Oregon, with a copy of a current government-issued form of identification and a $40 application fee.

Applicants should also provide verification of their income. CPR policy requires that an applicant’s income be three times the rent of his or her desired home. A recent paystub is accepted as proof of income only if it includes year-to-date earnings. Applicants who cannot easily satisfy the income criteria can have a reliable person co-sign their application.

CPR requires that tenants have good rental history for the past two years and no eviction proceedings in the past five years. Multiple eviction notices and rental histories featuring unpaid rent will result in outright denial.

A criminal background will constitute additional grounds for denial. Applicants should have no recorded felonies for the last five years before the application. For applicants with felonies on record beyond the past five years, they should have had no misdemeanor charges filed against them since that time.                            

An Overview of the Property Manager License Process

As the owner and president of Salem, Oregon-based Commercial Property Resources, Inc., and a licensed property manager, Paul Kerley manages 1,000-plus residential units throughout the region. Paul Kerley also owns several limited liability companies that purchase properties around Salem. One of his companies recently purchased all of the rental properties in the unincorporated community of Grand Ronde.

As established by the Oregon State Legislature, someone applying for a property manager license must be at least 18 years of age and have a high school degree or equivalent. After applying for the license, potential real estate managers must complete a 60-hour, pre-license-education course at an approved school. Covering the basics of property management, the course does not qualify the applicant for the license by itself, but it lays the foundation to take the state Real Estate Agency exam.

Proctored by PSI Services, LLC, the property manager exam covers topics ranging from state license and agency laws to tenant relations and fair housing laws, as well as important risk management and maintenance topics. The test’s sections are designed to ensure that the potential real estate manager has the knowledge he or she needs to take care of the property and its tenants in a safe, responsible manner.

Grande Ronde, Oregon - A Small Community with Investment Potential

Paul Kerley, president of Commercial Property Resources, Inc., in Salem, Oregon, has drawn on his more than three decades of experience as a real estate broker, owner, and property manager to conclude some of the most successful transactions in the region. His acquisition of a large portion of property nearby in the unincorporated community of Grand Ronde enabled him and his team to incorporate Grande Ronde Village, LLC, toward the close of 2015.

The site Paul Kerley chose for his significant investment in this small community consists of more than 40 single-family homes, most of which offer garage or storage space, utility hookups, and fenced yards. The purchase provides housing for households of modest means.

The greater Grande Ronde community, in the northwest part of Oregon near Salem, is home to the Native American population of the Confederated Tribes of Grande Ronde, which maintains tribal culture through the Chachalu Museum. In fact, people with tribal heritage make up about one-fifth of the area’s population.

In the Grande Ronde community, the median home value is approximately $170,000, and the median income is about $40,000. Most residents are in their 50s and 60s.

The Challenge and Investment in Renovating Commercial Properties

Paul Kerley of Salem, Oregon, has built up more than 30 years of practical experience in the real estate brokerage and property management fields. Before he established Commercial Property Resources, Inc., in the early 1980s, he concluded the successful sale of about half of the 500 apartment units he owned and managed. Paul Kerley’s activities in the field include the acquisition and major renovation of multifamily residential complexes such as the Salem, Oregon, area Albany Meadows property, which he renamed in 2007.

The run-down Albany Meadows site initially presented a number of challenges, including mold and extensive wear and damage to paint, carpeting, and fixtures. The Commercial Property Resources team repaired and upgraded the property to a high contemporary standard.

Any investor interested in purchasing a commercial property in poor condition with the aim of renovating it will want to do his or her due diligence by studying financial data on the local market, including the sub-market to which the property in question belongs. In addition, it will be necessary to compute the cost of purchase and renovation against a realistic final selling price.

You will also need to evaluate the neighborhood: An investment in a less-advantaged area could prove a wise one if the quality of local community infrastructure is beginning to rise. However, a purchase in a run-down area without such prospects may prove to be a losing battle.

Real Estate Administrative Action Plan

 

Paul Kerley, the owner and president of Commercial Property Resources, Inc., pursues real estate ownership and management transactions for his company in Salem, Oregon. Paul Kerley prefers dealing with properties that he is geographically close. This allows him and his co-owner, John Kerley, to personally handle property dealings near their home base in Salem, Oregon.

Mr. Kerley and his team continue to promote an administrative action plan that they developed to deal with real estate ventures for their company. The administrative action plan includes detailed steps that they believe are important in securing properties that satisfy their buyers.
First, they perform background and credit checks when needed. After that, they assess the area’s demographics and set rent levels to match the community’s needs. They then evaluate their lease agreements and update where necessary. Lastly, they make sure all units are empty, cleaned and inspected before leasing. If any repairs are needed, they make sure everything is up to a proper standard before leasing.

Their plan allows them to maintain the property in order to avoid further damage that occurs from not addressing the unit’s issues early on. Apart from that, they also establish policies for pets, furnishings, security, and utilities. Once the unit is ready, they advertise the available space to establish an ongoing waiting list for quick replacement of tenants.

Oregon Apartment Villas Purchased Under Commercial Property Resources

Paul Kerley is the owner and president of Commercial Property Resources, Inc. His company is based in Salem, Oregon. The company sells property from all over the country. Although he is based in Salem, Oregon, Paul Kerley also Is one of Lowes biggest customer in a twelve western state region.

Mr. Kerley recently sold a 28-unit apartment community in Hillsboro, Oregon. The community is called The Park Villa Apartments and is located at 2520-2668 NE Parkwood Street. The property was sold for $2.5 million, with the help of apartment broker, Gabe Johansen, under SMI Commercial Real Estate, LLC. The buyer is Mike Osborn and was represented by Dennis Salomon of Commercial Real Estate Services, LLC.

Aside from the Park Villa Community, Mr. Kerley also purchased an apartment complex with ten units at 1555-1573 Broadway in Salem, Oregon. He also purchased eight units at 110-118 Sunset Avenue N in Keizer, Oregon. Both properties cost $960,000 and were bought from Bill and Bernadine Ruark of Dayton, Oregon.

Willamette Valley Helps Produce Oregon’s Best Wine

Oregon-based property manager Paul Kerley is the owner and president of Commercial Property Resources, Inc. Located in the state capital of Salem, Paul Kerley owns over 1,000 residential properties in Oregon. Located in the Willamette valley, Salem, Oregon is an area perfectly suited to wine lovers and connoisseurs, with over 500 wineries.

Nicknamed, “Oregon Wine Country,” the Willamette valley is home to nearly 20,000 acres of vineyard. A whopping 14,027 acres of that is for the area’s main variety, pinot noir. The valley is dotted with vineyards and wineries, many of which offer wine tastings to thirsty travelers. For those who prefer guided tours, multiple touring companies throughout the valley offer the experience and knowledge of local connoisseurs to help you get the most out of your wine tasting trip.


April 1, 2017 will mark the second annual Willamette Valley Pinot Noir Barrel Auction. Wineries from all over the valley come together to present hand-crafted wines to a trade-only audience. This year’s auction welcomed over 400 guests who helped raise $476,000. All proceeds benefit the Willamette Valley Wineries Association, helping them further spread the word about the state’s wonderful wines.

Fun Near Grand Ronde, Oregon - Drift Creek Falls

Based in Oregon’s state capitol, Salem property manager Paul Kerley owns nearly 1,000 residential properties throughout the Beaver State. Through his company Grand Ronde Village, LLC, Paul Kerley has purchased 42 single-family homes in the unincorporated community known as Grand Ronde. Part of the Salem metropolitan statistical area, this small community in Polk and Yamhill counties had a population of just 271 in the 2000 census.

Less than an hour drive from Grand Ronde, you’ll find one of Oregon’s most breathtaking natural attractions, Drift Creek Falls. This massive free-falling waterfall drops 75 feet to the forest below. Visitors can view the waterfall from the 240-foot suspension bridge, which puts you right above the fall itself.

After completing the scenic hike beginning at the Drift Creek Falls Trailhead, the breathtaking view of the waterfall is well worth the effort. The 2.6 mile hike is safe for kids and novice hikers, alike is open year round and trailhead parking is affordable at only $5 for the entire day. Drift Creek Falls is one of the many family-friendly activities you’ll find in the Grand Ronde area of North-Western Oregon, and it perfectly showcases the state’s natural beauty.

Lowe’s Building Supplies for Business

Seasoned real estate professional Paul Kerley operates as the president of Commercial Property Resources, a real estate management company that he established in Salem, Oregon. Focused on property management on account of his large portfolio of properties, Paul Kerley does a high volume of business with Lowe’s in the Salem, Oregon, area, which has made him one of the company’s largest customers in the Western United States.

Property management entails ongoing maintenance, and one nationwide option for materials is Lowe’s. Established in 1946 and traded publicly since 1961, the chain offers a wide variety of building and home improvement supplies. In addition to its brick-and-mortar stores, Lowe’s maintains an online store and multiple call centers.

Professional customers constitute approximately 30 percent of Lowe’s total business. This includes the construction industry and maintenance and repair operations. Headquartered in Mooresville, North Carolina, the company did over $56 billion in revenue in 2014.

The Background, Features, and Rental of Whitman Park Apartments

Paul Kerley, a real estate professional serving Salem, Oregon, leads Commercial Property Resources, Inc., and Kerley Properties, LLC. Among the properties owned by Paul Kerley are the Whitman Park Apartments, situated at 1873-1901 Highway Avenue NE, Salem, Oregon 97301.

The Whitman Park Apartments sold for $4.35 million cash, with financing from the Hunt Mortgage Group. Bradley Willson of the Marcus & Millichap Capital Corporation served as the mortgage broker, and Anita Risberg from Salem advised on the transaction.

The two-story, multifamily property contains 92 units. Floor plans begin at 788 square feet and reach a size of 1,096 square feet. One- and three-bedroom units make up approximately a fourth of the apartments. The majority are two-bedroom homes. Each unit features wood flooring, and some offer carpet. A dishwasher and a washer-dryer hookup is included, as well as amenities such as wood-burning fireplaces and a community pool.

Tenants must pay a deposit upon signing a lease. Going forward, they are responsible for paying rent monthly. Pets are admissible as long as they do not display aggressive behavior. A pet deposit and rent is required for each.

The Marketing and Advertising Responsibilities of a Property Manager

Having acquired numerous properties over the span of three decades, Salem, Oregon, real estate investor Paul Kerley possesses a wealth of experience in commercial property management. Paul Kerley oversees the management of approximately 1,000 residential units he owns in and around Salem, Oregon, and elsewhere.

A proficient property manager is key to the success of a real estate investment in a multifamily property. His or her primary task is to ensure that rental units do not go unoccupied, and he or she has a responsibility to market and advertise vacancies promptly. The property manager must first prepare the apartments for showing by coordinating the efforts of the maintenance staff, who not only clean open units but also maintain the exterior to increase curb appeal. In addition, a property manager collaborates with realtors and leasing agents to communicate the availability of a unit and creates collateral material, ranging from signs to print ads, to garner interest from prospective tenants.

In the same capacity, a property manager makes him- or herself available to address questions as needed. To reduce the number of calls he or she has to take regarding common questions, the manager may set up a recorded, 24-hour hotline that provides details about the property.

Three Tips for Improving Time-Management Skills

The owner of Commercial Property Resources, Inc., in Salem, Oregon, Paul Kerley also leads Kerley Properties, LLC. Through both companies, Paul Kerley manages a number of residential properties in and around Salem, Oregon.

Time management is an important skill when overseeing multiple properties or managing several tasks simultaneously. The following tips may enhance your efficiency.

Complete one task at a time.
Despite your desire to multitask, focus on one item at a time. According to the website Rentprep.com, concentrating on one task with the intent to finish it makes you work more efficiently. You are also less likely to make errors that would normally occur when switching between tasks.

Create a list.
A list helps you understand what needs to be done to keep your properties operational. A good practice is to write out what tasks need daily attention. Ideally, this is completed in the morning, so you can refer to it throughout the day. Arrange your list based on priorities, such as managing maintenance first thing and then following up with simpler administrative tasks, such as returning phone calls. If possible, group similar items together to maximize time and effort.

Limit interruptions.
A drawn-out conversation with a coworker or time spent handling a personal matter can derail a day’s worth of work. Create an environment that minimizes interruptions. Keeping your office door closed, for instance, will reduce opportunities for conversation, thus giving you time to focus on your work.                          

Just How Do Real Estate Brokers Facilitate Property Sales?

Paul Kerley of Salem, Oregon, is the owner and president of Commercial Property Resources Inc. A real estate ownership and management firm of repute, Paul Kerley’s Salem firm works with several real estate brokers to facilitate property transactions in Oregon.

Real estate brokers play a crucial role in buy and sell property transactions. Essentially, a real estate broker is an intermediary between the seller and the buyer. The broker matches sellers who want to sell their homes to buyers who want to buy homes, taking into consideration the financial muscle of the buyers together with their preferred location of residence. Brokers must obtain licensure by the appropriate state authorities to practice.

Real estate brokers play additional roles in facilitating real transactions. First, they offer promotional services such as distributing flyers and placing advertisements to quicken the sale of the house. They also provide Multiple Listing Services (MLS), listing the homes across various platforms. They screen potential buyers to accelerate the matching process and once a seller-buyer match has been found, they assist in transaction negotiations, including price recommendations and paperwork.

Real estate brokers’ relationships with the principal buyer or seller are primarily fiduciary. For this reason, their interactions with the principal are subject to heightened regulation. In the event that brokers misrepresent facts to a principal or act fraudulently, dishonestly, or incompetently, they are subject to having their licenses revoked.

Broadway in Portland Offers Seasonal Subscription Packages

With over three decades of real estate experience, Paul Kerley leads Commercial Property Resources, Inc., and maintains an active involvement in the Salem, Oregon real estate market. Outside of his professional obligations, Paul Kerley enjoys attending regional theatrical productions, including Broadway Across America’s Broadway in Portland.

Broadway in Portland offers a seasonal subscription, which provides tickets for all productions presented during the upcoming season, and a variety of other benefits, such as email updates and special offers from restaurants and hotel partners. Subscription prices depend on which seats the subscriber chooses.

Additionally, subscribers may choose between traditional and premium packages that offer different levels of rewards. A traditional package includes priority access to seats, restaurant discounts, free lost ticket replacements, and free ticket exchanges. The premium packages provides subscribers with access to box level and orchestra center seating, in addition to the use of an exclusive entrance.

Both package levels offer an interest-free payment plan that separates the total cost into two payments. Subscribers can also purchase additional tickets and upgrade their packages at any time.

For additional information on becoming a season ticket holder, visit portland.broadway.com/season.                            

Paul Kerley Acquires Grand Ronde Rental Properties

Oregon-based Paul Kerley has over 30 years of experience in the real estate business and has owned and managed Commercial Property Resources, Inc. since 1983. The company owns and manages about 1,000 residential rental properties in the Salem area and frequently expands its holdings. Recently, Mr. Kerley’s solely owned limited liability company Grand Ronde Village, LLC, purchased more than 40 residential rentals in Grand Ronde, Oregon.

Grand Ronde is a census-designated place in western Oregon. It had a population of 1,661 in the 2010 census, and rentals accounted for 42.9 percent of its occupied housing. Grand Ronde also hosts the state’s largest casino and top tourist attraction, Spirit Mountain Casino. The Bunn Family Limited Partnership formerly owned the units purchased by Grand Ronde Village. Most of the units possess fenced yards as well as garages or storage sheds and are equipped with washer/dryer hookups. The properties are located at 8625 Grand Ronde Road.