Being a landlord in Salt Lake City requires you to have a lot of patience and understanding.As rental prices keep going up, we're seeing more and more tenants that have trouble paying rent on time. According to Bloomberg, more than 8 million renters can't keep up with rising rent prices.For you as a property owner, it ca...
Property Management Blog
Why Is a Tenant Background Check Extremely Important?
Friday, September 9, 2022
If your Salt Lake City property investment is going to be successful, you need to have good tenants.Around 1 million tenants are evicted every year in America. The eviction process can be a long, costly, and complicated one. Fortunately, it can all be avoided by doing your due diligence with all of your applicants through tenant screening...
4 Benefits of Having an Online Tenant Portal
Tuesday, August 16, 2022
Did you know that US consumers' usage of paper checks is declining rapidly, with only 3 checks written a month on average per person and most of them for less than $250? What does this mean for you as a landlord?On one hand, it's good news, because you don't have to fiddle around with paper checks and you don't have to was...
Accidental Landlords: What Are They and What to Do if You Become One
Tuesday, August 2, 2022
Have you ever heard of an accidental landlord?Life has a funny way of changing our plans for us, determining where we live, who we have relationships with, and what we do for work. And, even if you've never planned on becoming a property manager or rental owner, there's a chance that you'll find yourself there anyway!Sound fam...
7 Maintenance Coordination Strategies for Your Rental Properties
Tuesday, July 19, 2022
You understand the importance of maintenance coordination plans if you're a rental property owner. The two most common tenant complaints deal with simple communication.If communication is an issue, it can hurt the property owner's investment. No one will recommend a place with rental maintenance that left them without air conditio...
A Property Owner's Guide to Understanding Rental Analysis
Tuesday, July 5, 2022
Rents are going up across the United States. In 2022, six states experienced average rent prices that were more than 20% higher than the previous year. Real estate investors may see these high rent prices and think they can set their tenants’ rent at whatever price they want, but that’s not always the case. Every rental p...
What Services Are Available for Managing Rental Properties?
Tuesday, June 21, 2022
In 2019, roughly 29.36% of households in Utah were headed by renters.Investing in property can be an excellent way to generate passive income. However, the task of managing rental properties is often overwhelming for landlords.You're left with maintenance and repair costs, accounting, and choosing the right tenant. If all the hea...
What Do Landlords Need to Know About Rental Property Depreciation?
Tuesday, June 7, 2022
Did you know that last year the average cost of buying a property in Utah was $450,000? That price doesn't include closing fees or the cost of year-round maintenance. While property ownership might seem a tad expensive, there are ways to reduce its costs.If you're a landlord or real estate investor you should know about rental pro...
Real Estate Asset Management: 3 Tips for Getting Started
Tuesday, May 24, 2022
During the pandemic, everyone thought that the real estate market would collapse. Instead, it went on to grow rapidly and create one of the greatest increases in property value in recent history.As someone looking to start growing your income, you know that investing in Salt Lake City real estate is the right way to go. Tha...
3 Essential Property Marketing Techniques
Tuesday, May 10, 2022
Whether you're trying to market your first investment property or want to promote all your existing properties, marketing is a must if you want to reach a wider audience and find tenants fast.You have all those amazing properties but you need to fill all the vacancies so your business can thrive. This is why creating a strong online p...
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