Did you know that the average rental price for homes increased by more than 7% from 2021 to 2022? That means people who own rental property are making about 7% more this year than they were last year. Real estate is a booming business, but it’s not as easy as buying a house...
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Benefits of Having a Third Party Handle Your Tenant Screening
By Daniel Robertson Thursday, June 2, 2022
No one wants to evict a tenant from their property. It can be upsetting and it can also be very expensive. Tenant screening is the best way to avoid these situations.But landlords are busy people, whether they do it full time or as a side income. It can be time-consuming to ...
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Security deposits are not a legal requirement when it comes to rental properties. However, they do serve as a form of security recourse for a property management company or a landlord in the event that rent is unpaid or damage is done to the property.Security deposit amounts vary...
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Property Marketing: 4 Easy Ways to Market Your Rental Property
By Daniel Robertson Tuesday, May 17, 2022
74.4% of rental properties are owned by individual investors, and not by companies or property rental agencies. When it comes to being a property owner who operates in the rental space though there's nothing quite as important as your property marketing. A...
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Happy Friday the 13th! With temperatures slowly creeping upward and a wave of new leases being signed, it’s finally starting to feel like summer. In this month’s update, we highlight a near record high in the percentage of rent collected, outline a few fair housing do...
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Did you know that Salt Lake City is facing the tightest rental market in its history? With a vacancy rate that’s below 2%, the average rent for a two-bedroom apartment is about $1,700.If you are a landlord in Utah’s capital, it’s a great time to reevaluate your ...
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3 Property Maintenance Tips for New Landlords in Salt Lake City
By Daniel Robertson Tuesday, May 3, 2022
Did you know that about 5.6% of rental properties are unoccupied? Being a landlord requires wearing multiple hats, and no two days look the same. There is so much involved in successful property maintenance, from maintenance issues to rent payments. Here are three property m...
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The Complete Guide to Improving Tenant Retention for Landlords
By Daniel Robertson Tuesday, April 26, 2022
A responsible tenant is worth their weight in gold to experienced landlords. When you find those tenants, keeping them in your unit should be your number one priority. Seasoned professionals know a 5% increase in retention rate can boost profits from 25 to 95%.But what can you do...
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Common Rental Property Inspection Mistakes and How to Avoid Them
By Daniel Robertson Tuesday, April 19, 2022
The hardest part about managing a property isn't the maintenance. A leaky faucet? Broken window? Those are easy fixes.No, you want to know what the hardest part of property management is?It's the tenants.Your property is a rock: steady, reliable, consistent. Tenants, thou...
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Becoming a Landlord: 4 Reasons to Invest in Real Estate
By Daniel Robertson Tuesday, April 12, 2022
It's never been a better time to invest in real estate. At least 36% of households rent homes instead of owning them according to the 2019 census (and that number is likely higher now). The rental market is hot, so why not get in on it? The idea of investing in such an e...
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