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Property Management Blog

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3 Tips for Choosing an Investment Property in Sandy, UT

A recent study by John Burns Real Estate Consulting reveals that the percentage of investment properties in Utah is lower than in the rest of the nation. Nationally, investors are buying 24% of homes. In Utah, however, 15% of homes are bought by investors.Just because the percent...
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Annual Maintenance for Rental Properties: A Guide

The annual maintenance of a rental property can often cost up to 1% of the property itself, if not more. This can eat into your profits, so you should be aware of everything you need to stay up-to-date on for that rental. So, what do you need to check on a yearly basis and why?Th...
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What to Do if your Tenant Files for Bankruptcy

As a landlord in Utah, one of the worst things that can happen is for a tenant to file for bankruptcy. This can leave you in a difficult position, as you may be unsure of how to proceed with collecting rent, evicting the tenant, or even whether you have the right to terminate the...
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How Property Managers Can Help You With Your Accounting

With 44 million households renting accommodation across the US, billions of dollars change hands in the property management market every year. This means property managers need to be at the top of their game in accounting for all this rental income.Fortunately, they have the tool...
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Short vs Long-Term Lease Agreements: Which Is Better?

With the short-term rental market raking in almost $100 billion in 2021, there is a temptation to set all your leases as short-term. Though, long-term lease agreements have their benefits, which could appeal to some people. So, what is the difference between the two, and why woul...
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Market Updates for March 2023

March could be a very influential month in determining the rest of 2023’s outlook for home prices. After a shocker of a jobs report and CPI data trending in the wrong direction last month, March’s data will likely serve as a tipping point toward a soft landing or demo...
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Why Real Estate Is the Best Investment for Retirement Planning

If you're like most Americans, you're concerned about your future - especially retirement.That's because 57% of currently retired U.S. adults rely on Social Security as their primary source of income.When it comes to retirement planning, adding another pillar to your ...
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Why It Makes Sense to Rent Your Home If You Cant Sell

The decision to sell or rent out a home can be a challenging one for homeowners. Many individuals would prefer to sell, but in this market, it can be difficult to find a buyer that is willing to pay the asking price. In such cases, renting out your property can be a good option. ...
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Market Updates for February 2023

February is always an interesting time in the property management business. It marks the final month of our “slow season” and starts the clock on finalizing the implementation for any 2023 process changes ahead of the summer leasing season. In this month’s updat...
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What Should Landlords Know About Rent Collection?

Did you know that the top strategies landlords can use for collecting overdue rent include screening tenants before they sign leases, accepting rent payments online, and sending out reminders?As a landlord, it's important to have a clear understanding of the rent collection p...
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