Blog Posts

Lease agreements are invaluable legal contracts that allow both the tenant and the property owner to abide by the rules of the tenancy. It’s a form of assurance that the tenant will pay rent until the expiry of the lease and that the landlord won’t raise the rent. But sometimes tenants don’t hold part of […]

Hiring a property manager or company is a big investment. Property management is complicated and fast-paced. It takes talent, dedication, and a unique skill set to succeed in the industry. Because of this, you’ll want to make sure you are choosing the right manager for your properties. In order to be completely confident in your […]

How to Find Renters in Utah

Posted by on Aug 25, 2020 in Uncategorized

Would you rather have an empty property or a tenant who might not pay the rent? This is the dilemma many landlords in Salt Lake City and in other parts of Utah face. Figuring out a strategy on how to find renters can be a struggle, especially when the state undergoes economic endeavors, pandemics, and […]

A professional property manager handles all the tasks associated with managing your property, such as tenant screening, handling maintenance issues, collecting rent, and dealing with tenant complaints. Here in Salt Lake City, property management fees — and the services you receive in exchange for these fees — vary depending on the company. Here is everything […]

Getting new clients isn’t very easy and each month your property stays vacant is a month you’ve lost income. Did you know improving your tenant retention rates by approximately 5% increases your profits by between 25%-95%? Crazy, right? But how does a landlord or property owner make their tenants more inclined to stay in their […]

Life is full of choices. Chocolate or vanilla? Coffee or tea? Landlord or property manager? Deciding whether to rent from a landlord vs a property manager in Salt Lake City can be a difficult decision because there are positives and negatives to each method. Here are some of the things you should consider: First, What […]

Many landlords in Salt Lake City struggle to find the right tenants for their properties, but there are a lucky few who have multiple qualified applicants. While most property owners would agree this is a good thing, many of them don’t want to fall foul of the Fair Housing Act (FHA), which stipulates that one […]

The top multifamily housing trends in 2020 may surprise you. With the economy going the way it is, mortgage rates heading toward a record low, and millennials ready to buy, there is sure to be a change. It’s no surprise that the COVID-19 pandemic has greatly influenced emerging trends in the housing market. Overall, we […]

Being a landlord sure has its ups and downs. You have seemingly the best, easiest tenants most days. You’re feeling like you’ve made a great investment and you’re living the life. Until you’re not. One day it all hits the fan. You need to prepare yourself for how to deal with difficult tenants. It will […]

A positive landlord-tenant relationship can reduce many of the problems associated with property management. Tenants who maintain positive relations with their landlord throughout their tenancy are more likely to renew contracts and pay rent on time. Whether you’re a first-time landlord or a seasoned expert, all landlords need a guide to renting their multifamily housing […]

There are many things to consider when renting out your property. It may seem exciting to get some extra cash flow by turning your home into a rental opportunity, but you need to know what to expect. Have you done this before? Are you familiar with the pros and cons? Do you know what you […]

As real estate investors ourselves, learning how to save money on a rental property is crucial to the game. But, sometimes it’s not all about saving money. It’s protecting yourself from any accidents that might happen to your tenants on any of your properties. The good news, with the proper insurance policy, you are covered […]

As any good real estate book will tell you, the formula for real estate investing success is some variation of the following: Maximize revenue + Minimize expenses = Maximum Profit. For example, a rent increase would obviously be a move to maximize revenue while price shopping maintenance vendors would be a cost-cutting one. How about […]

Almost every rental property requires a security deposit of some kind. A security deposit is a one-time fee that is due at lease signing and acts as a “damage deposit” for a new renter. Typically, the renter will get this money back when they move out if there is no damage to the home or […]

Owning, maintaining, and managing an apartment can be an overwhelming task, especially when it isn’t your full-time job. In addition to property upkeep, collecting rent, and finding the right tenants, there’s an additional factor you need to keep in mind: rental scams. If you’ve managed your property for years, you may be wondering, “What is […]

Do you know how much the eviction process in Utah can cost? On average, the cost of eviction can be upwards of $3,500 and takes anywhere from three to four weeks to complete. Basically, an eviction does not come cheap. Most people believe that an eviction is a fairly simple and affordable process, but the […]

Before handing over your property to be managed by a third-party, you probably have one question on your mind, “How much does property management cost?” This is a completely reasonable question and can make or break your decision to hire a property manager. While the question is simple, the answer is a little more complex, […]

If you’ve ever owned a rental property, you know that the quality of your tenants can make or break the experience. Ideally, every tenant would pay rent on time, keep the home clean, and never break anything. Unfortunately, that is not always the case. In addition to handling maintenance requests, lease agreements, and rent collection, […]

Screening tenants for a rental property is a crucial responsibility for any rental property manager. So, when interviewing property management firms to decide who will take the best care of your rental, make sure you inquire about their tenant screening process. Taking the time to thoroughly investigate the creditworthiness and rental history of prospective tenants […]

Managing your own Utah rental property can be tricky. From maintenance to tenant turnover, there are many factors to consider when managing your own property. One of the first and most important parts of successfully renting your property is a strong lease agreement. This is what sets the tone for both yours and your renter’s […]

Starting the process of renting can be intimidating and overwhelming for anyone. Especially if you are a first-time renter, you probably are feeling nervous and are not sure what to expect. As experienced Utah property managers, our job is to understand renting and everything that comes with it. That’s why we put together this renter’s […]

Renting a home from a Salt Lake City property management company can be a very complicated process. While it may seem as simple as submitting a rental application and moving into the home, that is not the case. There is actually a specific process before receiving approval. Each company may vary with their application criteria, […]

When a tenant moves out, does it cost you anything? The answer is yes. If you have a revolving door of tenants, this could be costing you much more than you think. You may not think about these costs often, but if you have a high turnover rate, it’s time to reevaluate your property. Vacancy […]

Our Utah SEO Company

Posted by on May 23, 2019 in Owner Resource Articles

Succeeding in the property management industry in Utah can be difficult due to the many competitors. In order to stand out from the competition, we here at Wolfnest have to make sure both landlords and renters can find our business online. Not only do we have to ensure that our website is simple and easy […]

Once thought to be a tool to price-gouge future residents, rental application fees have actually proven their worth. In 2006, Utah’s Rent Control Prohibition Act was amended to add a list of fees that are set by the market and cannot be regulated or prohibited by the local government. To renters and non-landlords, this change […]

While some property and homeowners may believe that all residential property management companies are created equal, this is not the case. Any owner that has had a bad experience with property management can attest to this. It may seem like an owner may save money by employing the management company with the lowest rates, but […]

“You have to spend money to make money.” This is an old, common phrase you have probably heard several times. While this can apply to a variety of different businesses and ventures, it is especially true when you begin investing in rental properties. Prospective renters are looking for reasonable rent, especially in Utah, but that […]

Renting from a Salt Lake City property management company is much different than renting directly from an owner. While there are benefits to both, the benefits of renting from a property manager far outweigh the drawbacks. Before you fill out a rental application in Utah, it’s important to understand the tenant fees you might encounter. […]

If you’re currently renting a home or apartment, you might be asking yourself, “What is renters insurance and why should I pay for it?” Don’t worry, you’re not alone. Unfortunately, a common misconception among renters in Salt Lake City is that they don’t need this extra coverage and renters insurance has no value. Unless you […]

  If you have ever rented a home from a Salt Lake City property manager, you know first hand how stressful the process can be. Not only are you consumed with finding a home, but the contract process can be overwhelming after you’ve finally found the perfect living space. With so much information to digest, […]

Finding a good property manager is a difficult task, but it may be one of the most important decisions that you will make after purchasing your rental property. Renting a property can be a significant investment, so you want to hire someone that you can trust completely. Responsibilities of a Property Manager Before you begin […]

Effective Communication

Posted by on Jan 16, 2018 in Uncategorized

Communication and trust are key elements for effective property management companies. If you do not have these, your relationship with tenants can become tedious and difficult. Having an effective and convenient way of communicating with your tenants and property owners will assure your clients that their requests and living experience are being taken care of. […]

Why renting from a Salt Lake City property management company is a good idea.   You might be asking yourself – is there a difference between renting a property from an individual landlord or a property management company? While it may seem like you would receive the same service either way, you might be surprised […]

First time investor | What you need to know about real estate investment Real estate property management is a huge responsibility to take on, and can be overwhelming if you’re new to investing. When you invest into real estate, your goal is to put money to work today and make it grow so you have […]

                      If you are a property manager or an owner, you want to be able to keep your tenants happy and keep them as a renter as long as possible. So how do you do this? It is fairly simple but you need to be patient […]

  Being able to keep your client(s) is a way to sustain a long term of income, but there are a few things that you have to do in order to achieve a long term retention with your clients. Here are six tips that can help you build long term relations and retain customer(s) for a longer […]

  Property Managers- How to Raise Your Fees Without Starting a Panic   Most property managers start their fees at a low rate that can range from 4-12% to bring business through the door. But they later realize that they could start charging more for their services instead. The problem is most property managers go […]

Four Reasons Why Renting Could be the Better Option There are a lot of people who don’t know whether to rent or buy a house, but here are four things to think about when considering whether buying a house or renting is right for you. 1. Less Hassle- You have a roof leak? Call the […]

What is a Property Managers’ Responsibility?  You may have heard of a property manager, but do you know what it is that they do. A property manager is a third party who is hired to handle the daily operations and upkeep of a real estate investment. They manage all kinds of properties, for homes to […]

Can Ugly Properties Be Profitable? You might find your self in a situation where you find a property that is affordable, but the location and the property is ugly what do you do? Here are some questions to ask your self first: Is the property located in an unstable area that will depreciate in value […]

Security Deposit tips for tenants For most renters they don’t understand how a security deposit works, following some of these steps might help you to avoid being scammed or tricked out of what is rightfully yours. 1. Don’t be afraid to negotiate Remember that a security deposits are not set in stone, they are negotiable. […]

Tips for New Rental Property Owners – Part 2   As we mentioned in part one of this article, being a new landlord for your rental property can be intimidating. There are several things that you need to learn. Below are several tips that will help you get a better understanding of the property management world: […]

Tips for New Rental Property Owners – Part 1   Becoming a landlord for the first time can be a very stressful situation. Finding a qualified tenant is probably the first thing on your mind, but it is also very important that you are complying with all the important rules and regulations that go along […]

Tips for Marketing Your Vacancies on the Web   Remember when finding a new tenant meant throwing up a sign in the yard and placing an ad in the weekend paper? Times were simpler then. With sites like KSL and Craigslist attracting tons of local traffic and allowing free classified ads, the web has become […]

While many owners struggle to find qualified tenants for their property, a distinct few may be fortunate enough to have multiple applicants willing to rent their unit. While almost all owners would agree, having multiple qualified potential tenants is a good problem to have; many owners don’t know the exact protocol to follow in order […]

Rental Advertising Tips for your Utah Rental   Nothing puts a landlord on edge quite like a vacant unit. With no one to pay rent and expenses piling up, most want nothing more than a phone call from a qualified prospect to put their mind at ease. Sometimes renting your property is as simple as combining well […]

So you have decided that you are going to rent out your home, the next logical question you will probably ask is: How do I find a qualified tenant? There will always be quality people that are looking for a Utah rental property, but you will need to actively seek them out. Here are some […]

Why Investment Property Owners in Utah should consider refinancing through HARP? As most lenders continue to tighten mortgage requirements for investment properties, it has made it impossible for many owners to take advantage of historically low interest rates. As an investor myself, it pained me to continue to pay the mortgage on my rental property […]

Being a landlord can be very stressful and it requires a lot of time and energy from an owner. Many owners ask: “when is the right time to hire a property management company to manage my investment?” The answer to this question will vary from owner to owner, but below are some of the signs […]

Have you ever conducted an inspection of your Utah rental property after the tenant has moved out and you find that the property has been trashed? There is thousands of dollars worth of damage and the security deposit will not cover all of it. You would like to collect the money from the tenant, but […]

Have you ever heard the saying “you get what you pay for”? Unfortunately this could not be more accurate when deciding which Utah property manager you will hire. Many companies will offer to manage your property for a very low rate, but the owner ends up doing the majority of the work in the end. […]

Almost all owners have heard the horror stories of allowing tenants to have pets in their rental property – from kitty litter clogging the pipes to a dog soiling and ruining the carpet. While many owners would claim that allowing pets is more trouble than it is worth, I would argue that it is an […]

I always advocate addressing problems proactively, especially when it comes to rental properties. However, no matter how much you plan ahead, unexpected issues will arise and require swift action. Here are some tips on how to deal with bad tenants, local government and even the police. Respond immediately – It’s human nature to hope that […]

One of the first questions you may ask yourself once you have purchased an investment property is “Should I hire a property manager or manage the property myself?”. While many owners may feel that the monthly management fee is just a waste of money, the truth is a great property management company can be worth […]

If you have hired a property management company to handle all issues relating to your investment property, you always hope that you have employed the best company for the job. This company should handle the leasing, maintenance, and tenant issues relating to your property and always ensure that your best interests are included in every […]

Every year, hundreds of thousands of tenants in Utah don’t pay their rent on time, leaving landlords without a consistent income stream. Many tenants weren’t eligible to rent properties in the first place because of insufficient income or irregular employment. This is why verification is so important for landlords in Utah. Just a few simple […]

As greater awareness is raised regarding responsible energy consumption, many Utah homeowners have discovered creative ways to cut energy bills and save them a significant amount of money each month on their utility bills. But what about Utah renters? Unfortunately, many Utah leases prohibit tenants from making the necessary improvements to capitalize on these energy […]

Part 2 in our series of fixing common maintenance issues! We have more great tips for keeping your rental home in tip-top shape.    How do I reset my breakers? The first step is to turn off the light switches and unplug the appliances in the room that have lost power. The tenant should then […]

When moving into any Utah rental property, you will find that there are several common situations that leave you asking – “How do I fix that?” Below is guide that will help you through some of the common maintenance issues you’ll come across when renting a home in Utah.   How do I unclog a […]

Do I have time to be a good Utah landlord? Being a good landlord is at least a part time job, and in some cases, full time employment with unpaid overtime. A good exercise is to grab a sheet of paper and write down all your current responsibilities as well as their time commitment. Make […]