It could be said that Michelle Schoning is a known local figure in the rental market. She has been associated in various ways with businesses that include Bula Enterprises, Rising Realty, and, more recently, but not the most recent, Flex Realty LLC.
Now, her Oregon principal broker license has been revoked.
470 NW Buchanan Ave, listed as a business address for Your House LLC, Flex Realty LLC, ZCS Holdings LLC, and AMOR LLC. (Photo/The Corvallis Inquirer)
The Oregon Real Estate Agency final order, dated September 15th, cites a wire fraud conviction, along with violations that involved business registrations and loan applications.
Running down the rabbit hole on this one unearths a new state business record. These records show that another new company, AMOR LLC, was registered by Michele Schoning on August 13th, just one day after she withdrew her request for a hearing in the disciplinary proceedings.
“AMOR LLC’s” business activities have not yet been identified. Out of pure speculation, it sounds like a mortgage-based business to us.
We previously explored Kip and Michelle Schoning’s connections to Bula Enterprises, Rising Realty LLC, Your House LLC, and Flex Realty LLC, along with past legal disputes and an “above average” amount of tenant complaints.
This newer-ish state order only addresses Michelle’s individual principal broker license.
The most consequential finding in the new report states that Schoning “was convicted of one count of Wire Fraud” and finds that the conviction was “substantially related to her capacity to conduct professional real estate activity in Oregon.” From the order report:
The agency also found that Schoning failed to ensure the registered business names were complete and consistent with Secretary of State records, failed to maintain an active registered business name, and applied for loans under business names that were no longer active with the Secretary of State.
The disciplinary proceedings began in early February, when the agency sent Schoning notice of its intent to revoke her license. She submitted a written request for a hearing on February 24th.
Schoning then changed her license status to inactive on July 30th.
During an August 12th telephone conversation, she told agency staff that she no longer wished to engage in real estate activity and expressed a willingness to agree to the revocation of her license.
Also on August 12th, AMOR LLC was registered as an Oregon domestic limited liability company, according to the Secretary of State’s active-business registration data.
The record lists 470 NW Buchanan Avenue as the company’s principal place of business, mailing address, and registered-agent address. Other state records list Your House, Flex Realty, and ZCS Holdings as registered agents at the same address.
Just two days after the new AMOR LLC registration, on August 14th, the agency sent Michelle the proposed agreement for revoking her license. She never signed it.
Commissioner Steven Strode ultimately issued a final order by default, relying on the agency’s investigative record.
The commissioner concluded that the evidence supported revocation, citing grounds involving incompetence or untrustworthiness, fraud or dishonest conduct, and conduct below Oregon’s professional standard of care.
The family’s ever-growing network of LLC-based rental businesses has also faced state action over its treatment of an employee.
Oregon’s Bureau of Labor and Industries found that Your House LLC, owned by Kip Schoning, unlawfully retaliated against administrative assistant Olivia Maurer after she raised concerns with Michelle Schoning about rental agreement alterations she believed were illegal.
BOLI awarded Maurer $44,000 in damages, including $14,000 in lost wages and $30,000 for emotional distress. The Oregon Court of Appeals upheld the decision on December 3rd, 2025.
It’s unclear if that case is directly related to the “wire fraud” case cited in the OREA final report and order.
Maybe if that real estate career ends up going… bad… a job could be had at a local country club, you know, as a nice change of course.
This article was written by Derek S., a contributor to The Corvallis Inquirer. Feel free to send us your stories or articles to publish at: editor@corvallisnow.com
More recent stories
→ Donate
We’ll still keep it ad-free and paywall-free even if you don’t. 100% of donations go to expanding local reporting, giving back to community causes, and minor operating expenses. Read more about our values and mission here.
Do you have a story for The Inquirer? Email: editor@corvallisnow.com
These a-holes have been running their "business" since I was a teenager (the Red Door, the house of shame). While it's nice to have lived long enough to see this, the apple does not fall far from the tree, and their evil spawn are currently in the same business as the parents, and most likely with the same business practices.