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1.    Steady Income: Renting out property can provide a steady stream of income, especially if you have reliable tenants who pay their rent on time.

2.    Property Appreciation: Oregon has experienced steady property appreciation in many areas over the years, which can increase the value of your investment.

3.    Tax Deductions: Landlords can take advantage of various tax deductions, including mortgage interest, property taxes, insurance premiums, maintenance costs, and depreciation.

4.    Control Over Property: As a landlord, you have control over your property, including the ability to make improvements, set rental rates, and decide on tenant selection.

5.    Long-Term Investment: Real estate investment in Oregon can be a long-term strategy, providing financial security and potential retirement income.

6.    Asset Diversification: Owning rental property can diversify your investment portfolio, reducing risk compared to investing solely in stocks or bonds.

7.    Potential for Passive Income: With proper management and a reliable property management system in place, rental properties can generate passive income, allowing landlords to earn money without active involvement.

8.    Housing Market Stability: Oregon's housing market has historically shown resilience, with relatively stable demand even during economic downturns.

9.    Control Over Tenancy: Landlords in Oregon have the ability to screen tenants, set lease terms, and enforce rules to maintain the property's condition and ensure a positive rental experience.

10. Equity Build-Up: Through mortgage payments and asset appreciation, landlords build equity in their properties over time, which can be leveraged for future investments or used as a retirement asset and income.

Here are some common myths about renters insurance:

Myth:  My belongings aren't worth insuring. 

Reality:  Take a quick inventory...you may be surprised at what your belongings are worth.  Imagine having to replace your entire wardrove, your TV and DVD player, your stereo system, and more.

Myth:  My landlord's insurance covers me.

Reality:  Your landlord's insurance typically only covers the dwelling-not your personal belongings.

Myth:  I hear renters insurance is expensive.

Reality:  If you can afford a DVD a month, you can afford renters insurance.  And if you have auto insurance with State Farm, or if your apartment has a security system, your premiums could be even lower.

Myth:  I don't need liability insurance.

Reality:  Your landlord's policy may not cover your liability for a loss that occurs at your residence.

Information above obtained from Joe A. Lochner, agent with State Farm Insurance in Redmond.  He can be reached at 541-548-6023.