Top Tips When Buying Investment Property in Redmond

Key Takeaways

• As more people move to Central Oregon, Redmond has emerged as a practical, livable alternative to Bend with consistent residential rental demand.
• Success depends on choosing consistent areas and running conservative financial projections based on current rents.
• Central Oregon’s hot summers and cold winters make insulation, roofing, heating systems, and seasonal upkeep essential to protect returns.
• Redmond performs best as a long-term rental market, so durability, everyday functionality, and strict adherence to Oregon landlord-tenant laws are key to sustainable performance.

Redmond has grown steadily over the past decade as more people look toward Central Oregon for space, outdoor access, and a more manageable pace of life. 

While Bend often gets most of the attention, Redmond has developed its own identity as a practical, livable alternative with expanding residential neighborhoods and strong rental demand.

The city benefits from proximity to Bend, access to outdoor recreation, regional employment hubs, and a mix of long-term residents and new arrivals. 

At the same time, it is still a market where careful planning matters. Redmond is not speculative. It rewards steady, well-informed investment decisions.

In this article High Desert Property Management will go over our top tips for buying property in Redmond!

What Is the Redmond Real Estate Market Like?

Redmond sits in Deschutes County and serves as a growing residential hub in Central Oregon.

Rental demand is primarily long-term residential. This is not a short-term vacation-driven market.

Tenants are typically looking for stable housing. Neighborhood consistency and livability matter more than trend-driven features.

Redmond’s growth has led to new housing developments alongside older established neighborhoods. Investors need to evaluate both carefully, as performance can vary depending on location and tenant profile.

Top Tips for Real Estate Investments in Redmond

Pay Attention to Neighborhood Stability

Not all parts of Redmond perform equally. Some neighborhoods are newer and continue to expand. Others are more established and consistent. Look at surrounding property conditions, upkeep, and infrastructure. 

Rental stability often follows neighborhood stability. Consistency in the surrounding area reduces vacancy risk and supports long-term appreciation.

Account for Central Oregon Weather

Redmond experiences hot summers and cold winters. Heating systems, insulation, roofing, and exterior durability should be carefully evaluated before purchase.

Snow and freeze cycles can affect roofs, driveways, and foundations. Efficient heating systems are essential for tenant comfort. A well-insulated home reduces energy costs and increases tenant satisfaction. Seasonal maintenance planning should be built into your financial projections.

Evaluate Commuting Patterns

Many Redmond residents commute to Bend or other nearby employment centers. Easy access to highways and major roads increases rental appeal.

When reviewing properties, consider drive times during peak hours. Tenants often weigh commute convenience heavily when choosing between similar homes. Properties positioned near efficient routes tend to lease more quickly.

Run Conservative Financial Projections

Redmond has grown, but it remains a market where disciplined underwriting is important.

Factor in property taxes, insurance, maintenance reserves, management fees, and vacancy assumptions. Do not rely on rapid rent increases to justify your purchase.

A property should work based on current realistic rents. Conservative planning protects you during slower leasing periods.



Inspect for Deferred Maintenance

Some older Redmond homes may require upgrades to roofing, plumbing, electrical systems, or exterior siding.

Before closing, conduct a detailed inspection. Deferred maintenance can reduce returns quickly, especially when labor and materials costs rise. Budgeting for repairs upfront avoids financial strain later.

Consider Long-Term Rental Demand Over Short-Term Trends

Redmond’s rental market is strongest in long-term residential housing. While tourism influences Central Oregon broadly, Redmond primarily supports full-time residents.

Properties designed for everyday living, which includes functional kitchens, durable flooring, adequate storage, tend to outperform highly customized or over-improved homes. Focus on durability and livability rather than luxury upgrades that do not significantly increase rent.

Understand Oregon Landlord-Tenant Laws

Oregon has specific landlord-tenant regulations governing rent increases, notice periods, and tenant protections. Statewide rent control guidelines may apply depending on property age.

Compliance is critical. Improper notice or lease structure can create delays and financial exposure. Many investors choose to work with a professional property management company to ensure compliance with Oregon rental laws and maintain proper documentation.

Plan for Ongoing Maintenance and Landscaping

Redmond properties often include yards, which require maintenance. Tenants may be responsible for landscaping, but oversight remains important.

Clear lease terms regarding yard care and maintenance responsibilities help prevent disputes. Maintaining exterior condition protects curb appeal and tenant satisfaction. Consistent maintenance supports long-term value.



Decide Early How the Property Will Be Managed

Self-managing requires availability for maintenance calls, tenant communication, compliance tracking, and inspections.

If you live outside Central Oregon or prefer a structured system, professional management may be the more efficient choice.

Hire a Professional Property Manager

Hiring a professional property manager can protect your investment and save significant time. A local team understands Redmond’s rental demand, Oregon regulations, and maintenance expectations. 



They handle tenant screening, rent collection, inspections, and repairs efficiently. Professional oversight reduces risk, improves tenant retention, and helps keep your property performing consistently year after year.

In a Nutshell: Real Estate Investing Tips in Redmond

Buying an investment property in Redmond, OR offers steady long-term potential when approached thoughtfully. The city’s continued growth, residential stability, and proximity to Bend create consistent rental demand for well-chosen properties.

Success depends on selecting stable neighborhoods, aligning the property with the right tenant segment, budgeting conservatively, preparing for seasonal weather impacts, and maintaining compliance with Oregon regulations.



Investors who focus on fundamentals and long-term stability position themselves for sustainable performance in the Redmond market.

Contact High Desert Property Management today for more information about Redmond investment properties!