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Passadore Properties Welcomes Darren Davidson!

Passadore Properties is pleased to welcome Darren Davidson to the team in his role as Chief Operating Officer. Darren’s wealth of knowledge as the Internal Operations Manager at Home Preservation Services and as Vice President at Mortgage Trust allows him to approach our business, our clients and our future growth from a unique perspective. “Passadore Properties continues to grow and evolve,” says President Eddie Passadore. “Adding Darren is the latest step in that evolution. We couldn’t be happier to have him on board.”

One of the reasons Darren was drawn to our company is the excellent customer service that we provide. In fact, online ratings from sites like Google and Yelp give Passadore Properties the highest ratings among property management companies in the Portland area. “I’ve talked in depth with the company’s clients and vendors,” Darren says. “It’s not often that people are so quick to sing a company’s praises. In addition, the team believes in the work we do to help homeowners in a simple, straightforward way. That makes a big difference.”

Darren will lead the team as it looks to some busy months ahead. The rental market has never been more attractive to homeowners, and clients who work with Passadore Properties can expect more prospective tenants than ever before as the rental market tightens. “We invite homeowners who are curious about the rental market to choose us,” Darren says. “Our no-obligation contract means you won’t pay any costs until a tenant moves into your home.”

To learn more about Darren, and the rest of the team, please visit our website or call 503.292.8595. We look forward to talking with you soon!

It comes as no surprise to anyone searching for a rental home or apartment in the Portland area that a new survey has found Portland is tied for the second-tightest rental market in the country.

The survey, from the National Association of Realtors, found that apartment vacancy rate is at just 2.5%. That puts it in a tie with Minneapolis, and just behind New York at 1.8%.

Learn more about the survey, and what it means for the Portland rental market, here.

A new report out this week shows Portland vacancy rates are on their way down even lower – even as rents climb.

That’s according to Real Estate investment services firm Marcus & Millichap. It cites the amount of time it takes to bring a new rental to market as part of the reason for the trend. Eddie Passadore, president of Passadore Properties, says smaller investors can take advantage – and fast. “Bringing a single home or condo to market is as simple as successfully closing on a number of short sales and foreclosures at historic lows. And those are the kinds of homes Passadore Properties manages.”

Find out more about the report – and what’s driving the trend here.

We wanted to pass along motivational words from Mike Brewer with “M Brewer Group” — about growing your businesses and the year ahead. There’s even a shout-out to Passadore Properties – thanks Mike!

From all of us at Passadore Properties, we want to wish the owners, tenants, vendors and customers who’ve helped us grow in 2011 the Merriest of Christmases, and Happiest of New Years!