Rental property accounting is the key to real estate investment success.The average American landlord brings in just under $90,000 per year. If you're going to reach a level where your real estate portfolio is your entire source of income, you need to prioritize bookkeeping.In today's post, we'll discuss the importance of rent...
Property Management Blog
How Does Section 8 Determine Rent Prices in Salt Lake City?
Wednesday, February 7, 2024
Families who want to qualify for Section 8 housing in Utah must have incomes at or below 50% of the area median income (AMI). In Salt Lake City, many people can't afford adequate housing, but landlords can help.Becoming a Section 8 landlord might be on your mind for different reasons. If you are interested in this program, there are s...
Maximizing Rental Income with Strategic Tenant Placement Strategies
Sunday, January 21, 2024
Every property owner fears rental vacancies.Although the rental vacancy rate in Utah is a relatively low 4.5%, you never want to be a property owner who can't fill a rental. If you're going to maximize your rental income, you need to make sure you've got quality tenants who remain in your Salt Lake City rentals for a long time...
A Guide to Navigating Lease Renewals in Salt Lake City
Sunday, January 7, 2024
Salt Lake City, with its breathtaking mountain vistas and a burgeoning urban scene, presents a unique set of considerations for landlords. From navigating local regulations to adapting to the evolving preferences of tenants, the lease renewal process demands a proactive and informed approach.If you're not sure how to go about it, we c...
Eviction Protection for Landlords in Salt Lake City, UT
Thursday, December 21, 2023
As eviction protections came to an end after 2020, eviction rates soared across the USA.This unfortunate situation is bad news for everyone involved. It's particularly disturbing for landlords.Fortunately, there are ways that you, as a landlord, can protect yourself from the scourge of evictions sweeping through the country right now....
3 Tips for Hiring Property Maintenance Services in Salt Lake City, UT
Thursday, December 7, 2023
It's fascinating that owners spend about $1 per square foot on rental property maintenance each year.Maintaining your property in Salt Lake City is paramount for preserving its value. Finding the right property maintenance services in Salt Lake City can be a crucial step in this process.How can you hire the right team? Read on for thr...
The Best Tips on How to Collect Unpaid Rent After a Tenant Moves Out
Tuesday, November 21, 2023
Collecting rent from a tenant who has already moved out is challenging for landlords. One statistic found that approximately 15 percent or 8.4 million Americans were behind on their rent payments.Managing a property is already hard work, but it can become more difficult when you're dealing with rent collection.Here's how to collec...
How Can You Create a Tenant Noise Complaint Letter?
Tuesday, November 7, 2023
Statistically, only about ten percent of tenants ever become bad ones. This could be a tenant who does renovations without consent or brings in a large pet behind your back. However, it's difficult to deal with problems like noise complaints if you're never around to hear them.Drafting a tenant noise complaint letter is one of the...
3 Things to Know About Landlord Rescue in Salt Lake City, UT
Saturday, October 21, 2023
As of 2021, there were over 300,000 renter households in Utah. That number does not include how many people make up a household. It also doesn't consider how long renters stay in one location.Navigating the laws in Utah can prove challenging for new landlords. It becomes incredibly complicated if you're juggling multiple renters a...
3 Tips for Choosing a Leasing Management Service in Salt Lake City, UT
Saturday, October 7, 2023
Navigating the vast landscape of Salt Lake City's property market? It's a journey filled with potential rewards and pitfalls. The secret to success isn't just about owning prime real estate-it's about expertly managing it.With the myriad of leasing management options available, making the right choice might seem daunting. ...
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