Dear Monty

  • Richard Montgomery gives no-nonsense real estate advice to readers’ most pressing questions. He is a real estate industry veteran who has championed industry reform for more than a quarter of a century. Send him questions at www.DearMonty.com.

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How to know whether we can raise rents?

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Reader Question: Hello, Monty! We are mom and pop investors. We have a duplex and a town home in Portland, Oregon. My partner and I are not sure whether we should raise rents at this time. Expenses have gone up about 5% since January 2013, in line with inflation in the ...
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If the tenant skips out, do I still have to pay the agent’s full fee?

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By Richard Montgomery Question: A real estate agent did not screen a tenant for rental and collected 6% of one years rent payments. The tenant only paid one month and a partial security deposit. Is the real estate agent entitled to keep the 6% that was pre-paid to her for ...