Property Management Blog

3 Accounting Tips to Help You Manage Your Property Portfolio

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Over 70% of the people in the US would rather rent a home than buy one. This means it's the perfect time to get into the real estate business and expand your property portfolio. But managing a property portfolio can be tricky if you're just starting out.So, keep reading to find out more about five accounting tips to...

3 Reasons for Hiring a Leasing Management Company

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Did you know that in the United States, 70% of rental properties are owned by individual investors? If you are someone that has considered investing in real estate, this can be a reassuring stat for you to know because it shows you that you can do it. However, you may not know how to manage the property. This is where leasing ma...

3 Tips for Hiring a Property Management Company in Salt Lake City

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Over 51% of property owners already use a property manager. 24% are looking for one. It's no wonder that the number is so high. Managing even one property is almost like raising a child. You have to keep your eyes on it practically 24/7 to prevent disaster. Are you still struggling to get the right help to keep your inv...

Rental Management for Landlords: The Basics in 500 Words or Less

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Rental management. If you wish to get into real estate investment, then it is something that you are going to have to learn. In 2019, nearly 280,000 apartment buildings were built across the United States. If you want to get involved in the rental market, then you need to buy one of those buildings and have some management for it.&nb...

Rental Income: How Much Should You Expect and What Should You Track?

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Did you know that 20% of American households earn passive income through interest or dividends? Among this group of people, they earn a median amount of $4,200 each year.There are various ways to earn passive income and one of the most profitable is through rental property investments.How much rental income can you expect to learn and wha...

What Should You Do if Your Tenant Can't Pay Rent on Time?

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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...

Why Is a Tenant Background Check Extremely Important?

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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

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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

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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

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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...

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