Filling Out a Utah Rental Application: What Fees to Expect From Your Property Manager

Filling Out a Utah Rental Application: What Fees to Expect From Your Property Manager

Utah rental application

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. Although each property manager will charge different amounts, there are a few typical fees that are associated with renting a home from a property management company.

How Much is a Rental Application Fee?

The first and most common fee when renting a property is the application fee. This is taken when applying for a rental property. The purpose of this fee is usually to cover the cost of the background and credit report necessary to evaluate potential renters. The actual cost of the application fee varies from property to property but is typically anywhere from $30 to $75 per person. However, it’s important to remember that in the state of Utah there is no limit to how much the fee can be.

Most Common New Tenant Fees

While a Utah rental application typically requires a fee, there are also a number of other common charges that come with a new rental. You may not have run into all of these at once, but these fees could come up for a future rental. It’s important to take fees into account when hunting for a new rental property. You don’t want to be surprised by unexpected charges, so it’s good to be aware of all the possible charges you could encounter. This is also helpful when deciding your budget, and finding the right home or apartment for you.

tenant fees

Lease Origination Fee

This is charged to a tenant when a new lease agreement is created. This fee typically covers the work associated with underwriting a new lease agreement by the Salt Lake City property manager. This fee generally covers what it takes to get a home or apartment leased. The lease origination fee covers the time to show the property, screening all applicants, and assembling the lease paperwork and move-in process. This is the “behind-the-scenes” work that ensures the best applicants are leasing the home or apartment. While this fee may not seem necessary, when you’re living in an apartment building, it’s a nice peace of mind to know that all the other tenants have been screened extensively and that you’re living in a safe place.

Late Fee

While this fee doesn’t happen during the rental process, it’s one to be aware of when signing a lease. As the name says, this is charged to a tenant when rent is not received on time. Late charges vary but are usually 10% of one monthly rental payment. For example, if you’re paying $800 per month, your late fee would be $80. This may not seem like a big expense, but this extra fee can add up quickly and end up costing you big time in the long run. Before signing a lease, especially a long-term agreement, it’s important to read the lease carefully and find out when rent is due, how to pay rent, and what charges you will be responsible for if you don’t pay it on time. Depending on the property, you may have a grace period, but it’s best to get into the habit of paying your rent on the first of every month.

Month-to-Month Fee

While not every property has this fee, it’s an important one to keep in mind when signing a new lease. The month-to-month fee is charged to a tenant that chooses to overstay the term of their current lease agreement. This fee typically provides an incentive for the tenant to enter into a new lease agreement with the overseeing property management company. When reading over a new lease agreement, noting how much the month-to-month fee could be is critical. Month-to-month convenience charges can range anywhere from $25 to $200. It all depends on the property manager. So, take the time to look over your lease and ensure that you intend to stay as long as it says, or that you’ll be ready to sign another lease agreement when yours ends.

Service of Notice Fee

This is charged to a tenant that has not complied with the terms of the lease agreement. This fee is associated with the process of the property manager posting a notice for the tenant to correct the lease violation or risk eviction. In order to avoid this fee, you must adhere to the rules of your lease agreement. This is another instance where reading a lease before signing it is crucial. The most common lease violations are long-term guests, decorating that results in damage, and unauthorized pets. This fee is at the discretion of the property management company, and there is no set amount they have to adhere to. It’s best to follow the lease agreement, and not risk extra tenant fees for breaking any rules you agreed to when you signed the lease.

Know Your Possible Tenant Fees

If you’re ready to lease a home or apartment, familiarizing yourself with all the possible tenant fees that could incur is important. Unexpected fees can change your overall budget and should be factored into what you’re ready to spend. When you’re filling out a Utah rental application, keep these common fees in mind, and do a little digging to find any others that may appear. So, while “How much is a rental application fee?” is a critical question, it’s just the tip of the iceberg when it comes to tenant fees. Now that you have an idea of the cost of a rental application, you can begin factoring other possible costs into your new budget for your future home.

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What is Renters Insurance and Why Do I Need it?

What is Renters Insurance and Why Do I Need it?

What is Renters Insurance?

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 have ever been in the unfortunate situation of having to make a claim, you might not fully appreciate this as a necessity. If and when you are ever in need of coverage, you’ll learn quickly just how important renters insurance can be. So, if you’ve been looking for renters insurance information, we have the answers to all your questions and why every tenant in Salt Lake City should have a renters insurance policy.

Why You Need Renters Insurance in Salt Lake City

To sum it up, renters insurance protects you and your belongings in a rental property. This means if something destructive happens to your rental property, such as a fire or flood, and becomes uninhabitable, you’re covered. Renters insurance also covers break-ins, visitor’s injury, and the items within your home. While nobody wants any of these events to happen, it really can happen to anyone. So, as the age-old phrase goes, “It’s better to be safe than sorry,” and that is essentially what renters insurance is here to do.

Renters Insurance Salt Lake City

What Does Renters Insurance Cover?

The top categories that renters insurance covers are:

Personal Property

Liability

Additional Living Expenses

So, what does this mean? Each of these categories is important when it comes to renters insurance information, so let’s break down each category.

Personal Property

One of the most important aspects of renters insurance is that it covers your personal property. If you stop and think about everything you own and assign a dollar value to all of your possessions, it will probably surprise you how much your stuff is actually worth. Even if you live in the safest neighborhood, it’s crucial to protect your belongings as best as you can. You may not expect a break-in, but that doesn’t mean it’s not impossible. This is where having a comprehensive renters insurance policy can make a difference. The personal property aspect of the policy will help replace your items in the event of theft. This also covers loss of personal property due to fire. So, no matter what may happen, you’re covered. This part of renters insurance covers costs to replace or repair your lost items such as:

Electronics, like a television or computer

Clothing and jewelry

Furniture

renters insurance information

One thing to keep in mind is your insurance policy will only cover loss up to your coverage limit. So, when picking your renters insurance, it’s critical to set coverage that is appropriate for you. Before finalizing your policy, take a home inventory and evaluate how much your belongings are worth so you can have peace of mind if you ever need your policy.

Liability

You may be wondering, “What is liability?” Well, consider this scenario: it’s a snowy day in Salt Lake City, and you’re in a rush to get to work, so you don’t have the time to shovel the sidewalks before you leave. You think to yourself, “Oh, I’ll just shovel and salt the sidewalk when I get home. It will be fine.” While you’re gone, someone slips, falls, and then breaks a bone on your sidewalk. Technically, your negligence caused the injury, so you are now liable for all costs associated. Most renters assume that maintenance, such as snow removal, is only the landlord’s responsibility. Surprisingly, that is not always the case.

Another situation where renters insurance would be critical is if a fire was caused by the tenant’s negligence, such as leaving a candle unattended. In some extreme cases, this would also result in the tenant being responsible for the cost of replacement of the home in Salt Lake City. This is typically something many individuals would not be able to cover without renters insurance.

Additional Living Expenses

Speaking of home fires, have you ever thought about what you would do if a fire or other natural disaster made your current home unlivable? While this something no one wants to think about, this scenario is unavoidable if it happens to you. If you’re ever displaced from your home due to a natural disaster, renters insurance can cover the sudden expenses that may incur. This includes hotel bills, increased costs of food, or any other increased costs you may face if you are unable to live in your rental. As a tenant, this peace of mind can be priceless.

As with all the other aspects of renters insurance, it’s important to look over your policy and determine how much coverage is available for additional living expenses. Finding the best policy for you is one of the most important aspects of renters insurance, and it is crucial to determine this from the beginning so you have nothing to worry about.

Remember This Renters Insurance Information

Now, you no longer have to wonder, “What is renters insurance?” You can now see that while renters insurance may seem unnecessary, but it is actually very important. If you’re renting an apartment or home, renters insurance gives you peace of mind and protects you from the unexpected. Unfortunately, accidents happen and this coverage prepares you for anything. If you’re already renting or searching for a rental property, you can get more renters insurance information from your local insurance agent. Setting up a policy is simple, and worth the reassurance it brings. So, to cover personal property, liability, and additional living expenses, look into getting the best policy for you. Renters insurance in Salt Lake City is readily available and can save you from a headache further down the road. Invest in your security today, and enjoy peace of mind.

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3 Questions to Ask Before Signing a Lease

3 Questions to Ask Before Signing a Lease

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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, it is common to overlook important things to ask before signing a lease with a property management company. Below are three important questions to ask a property management company before you move in:

 

Question #1:

When is rent due and how do I pay?

 

One of the most important questions to ask before signing a lease is how rent can be paid. The majority of property management companies in Salt Lake have the capability to accept online payments. This can make paying rent extremely convenient and help to avoid any late fees, especially if automatic payments can be set up. However, some property managers require a cashiers check and do not accept cash. Don’t get caught unaware your first month, late fees can pile up, especially if you aren’t provided with a grace period.

If you have rented a home in Salt Lake City in the past, you may have been fortunate enough to be provided with a grace period. However, it is becoming more and more common that property management companies are requiring rent to be paid by the first of the month and the late fee can be significant if it is not received on time. That’s why it’s one of the first things to ask before signing a lease.

 

Question #2:

How are maintenance requests submitted and how long does it take to address the issue?

 

The next thing on the list of questions to ask a property management company before leasing has to do with maintenance issues. One of the primary benefits of renting from a property management company in Salt Lake City is that maintenance requests are usually taken extremely seriously. Before signing the lease agreement, it is important to clarify how maintenance requests are to be submitted and what phone number should be used for emergency situations. Most property managers will want the issue to be submitted in writing and have the capability to accept the maintenance request online. It is also very important to ask how long it typically takes to respond to these requests and the timeline to resolve most issues.

If you end up in a situation where you require maintenance to be done quickly, knowing the correct method of reporting issues and requesting repairs can save you valuable time. That’s why asking about maintenance issues ranks number 2 on our list of questions to ask before signing a lease.

 

Question #3

How can the lease agreement be terminated?

 

When entering into the contract, the last thing you are probably thinking about is canceling your lease agreement. However, the fact of the matter is your situation may change and it is important to outline the process for early termination. Most property management companies in Salt Lake City do have policies for that and will offer an early termination option. Whether or not your property management company has an early termination policy is an extremely important thing to ask a before signing a lease. You will want to confirm what steps you would need to take to be able to cancel your lease.

We hope that you never are in a situation where you enter into a lease agreement before receiving all of the important information. It is better to ask a lot of questions and be comfortable with the decision than sign a contract and regret it later. Hopefully, you will keep this list of questions to ask before signing a lease in mind the next time you are looking to move into a new residence.

 

If you are a tenant that is interested in renting a home in Salt Lake City, please consider renting from Wolfnest Real Estate and Property Management. Search our available rental properties by clicking here

 

Beware of Salt Lake City rental property scams

Beware of Salt Lake City rental property scams

How to Protect Yourself from Rental Fraud in Salt Lake City

 

If you have ever been in the unfortunate position of being scammed while searching for a Salt Lake City rental property, you know how heartbreaking it can be. If you haven’t experienced this, you might be wondering – how does someone get scammed during a search for rental property? Typically, a scammer will use a method of fraudulence called phishing. Phishing is a fraudulent attempt to gather sensitive information by posing as an authoritative source. The scammer often does this by advertising a property for rent posing as an individual owner or property manager of the rental. When a renter reaches out about the property, they will receive an automated response with generic information about the property. The scammer will then request a security deposit in order to secure the rental. Once the deposit has been transferred, the scammer will discontinue all forms of communication completing the rental scam. According to a consumer alert about phony online rental ads from the FBI, millions of dollars have been lost annually through this type of fraudulent phishing. Here are a few things to look out for when looking at a potential rental property:

 

Limited or Lack of Communication

 

 1.)  One warning sign that you’re experiencing a rental scam is limited, suspicious communication. If a rental property listing does not provide a phone number, it may be a scammer located overseas. Most phishing scammers will use email as their main form of communication. This email correspondence may include broken English and unusual use of descriptors (i.e. referring to the property as a flat instead of a house or apartment). Look through the listing for red flags like a large number of spelling errors or suspicious use of capital letters.

2.) Because many scammers are sourced in a different country, check the times in which the emails were sent. If the emails were sent during strange hours, it may be an indicator that they’re sourced in a different time zone.

3.) Additionally, you should always be able to speak with the landlord or a property manager in person or over the phone before signing, providing secure information, or sending a security deposit. If you suspect that the person you are speaking with is not who they say they are or seem too eager about receiving a deposit before a property viewing, it is always better to walk away from a situation than be scammed out of thousands of dollars.

 

Suspiciously Low Pricing

 

You may have heard the old saying, “If it is too good to be true, it probably is.” In order to generate a significant amount of interest, scammers will typically list the rental rate much lower than market value. Check other listings in the area to see if there is a substantial difference in price. You can also check your areas median price range to see how it compares. If the advertised price is much lower than properties listed by other landlords or property managers, this should be considered a big red flag of rental fraud.

 

Lack of Address or Pictures

 

If you are viewing a rental listing and it has a lack of address or pictures, it is likely that the listing is a scam. Always be sure to have a complete understanding of what the property looks like and where it is before committing to any agreements or deposits. If there is an image of the outside of the property, be sure to confirm that it is correct through a quick google street view search. A lack of images doesn’t always indicate a fraudulent listing, but if you are unable to view the property in person or receive images upon request, there is a good chance you are looking at a rental scam.

 

Suspicious Security Deposit Requests

 

Many landlords or property managers in Salt Lake City will require the security deposit upfront before entering into a lease agreement, however, you should always have the opportunity to view the rental property before providing this. Additionally, if you are being asked to wire money before speaking to the property manager or are not asked to enter into a deposit agreement, you should consider this a major red flag. It is always important to have a conversation about the specifics of your rental deposit and have a clear understanding of where the money is going and who it is going to. Consider doing some research on the property owner before committing to any agreement or deposit. A quick google search will often yield plenty of information about other properties they may own or experiences others have had. According to a government report on housing scams, “do a search on the owner, real estate management company, and listing. If you find the same ad listed under a different name, that’s a clue it may be a scam.”

 

Hopefully, you never have to be in a situation in which you are targeted by a rental property scam. But if you are, it is important to remember these red flags. If the correspondence seems suspicious or makes you feel uncomfortable, don’t be afraid to question the individual. As the property owner or manager, they should be more than happy to answer any specific question you might have. If you still aren’t sure, it is always better to walk away from a situation rather than risk the chance of rental fraud. If you suspect you are the target of a scam or have already experienced a scam, be sure to report your experience to your state consumer protection or attorney general’s office, and to the FBI’s Internet Crime Complaint Center (IC3) to help stop the problem.

 

If you are searching for a rental property in Salt Lake City consider Wolfnest Real Estate & Property Management. We strive to provide excellent customer service through integrity and honesty.

Application Process for Salt Lake City Property Management Companies

Application Process for Salt Lake City Property Management Companies

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Renting a home from a Salt Lake City property manager can be a very complicated process. It may seem like it is as simple as submitting a rental application and moving into the home, but that it not the case. There is actually a very specific process before receiving an approval. Our application criteria can be accessed on our website. Below are the steps a Salt Lake City property management will go through in order to approve a rental application:

Step #1: Review all information within an application

This may seem like an obvious step, but the Salt Lake City property manger will review all of the information received in the application to ensure that nothing will immediately disqualify the candidate. This may include gross income, past rental history, and criminal history.

Step #2: Generate a credit and background report

The Salt Lake City property management company will then have a credit and background report generated for each applicant that will be occupying the home. While some property managers will require a minimum credit score, the focus will be on the repayment history over the past two years. In addition to any amounts that are currently past due or in collections. With regards to the background report, the property management company in Salt Lake will be looking for any items that may be deemed a threat to the community (i.e. drugs, violence, etc.).

Step #3: Verify employment and rental history

Once the Salt Lake City property management company has reviewed all of the information in the application and credit/background reports, they will then call the candidate(s) employer and past landlords to verify monthly income and rental history to ensure that the information provided is accurate.

Once these steps have been completed, the application for the candidate will be processed. An approval or denial will be generated. If you are tenant that is interested in renting a home in Salt Lake City, please consider renting from Wolfnest Property Management. Search our available rental properties by clicking here.

 

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Should I rent from a Salt Lake City property management company?

Should I rent from a Salt Lake City property management company?

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 to find that your experience could be very different depending on who you rent from. Unless you have ever rented from both, you might not fully appreciate the benefits that are provided from a Salt Lake City property management company. Below are three reasons why every tenant in Salt Lake City should rent from a property management company:

Reason #1: A property management company will not discriminate – You might be surprised to know that an individual owner can discriminate against a potential tenant for any reason. On the contrary, a Salt Lake City property management company must adhere to the laws of Fair Housing and may not discriminate based on race, color, religion, sex, disability, source of income, familial status, sexual orientation or gender identity, and national origin.

Reason #2: A property management company will resolve maintenance issues– Consider this scenario…your refrigerator breaks and you try calling the owner to have him fix it. You leave multiple voicemails and send multiple emails, but do not receive a response. What would you do? Since a Salt Lake City property management company must follow the Utah Fit Premise Act, it must address a maintenance issue within 1-10 days depending on the severity.

Reason #3: A property management company will provide a level of professionalism – Have you ever thought about the owner visiting the property when you are not home and going through your possessions? While this situation might seem far-fetched, it actually happens more often than you might think. A Salt Lake City property management company will not only provide you with the level of professionalism that you deserve, but it will also be held accountable for it’s actions.

If you are tenant that is interested in renting a home in Salt Lake City from a professional property management company, please consider renting from FRE Real Estate and Property Management. Please click here for a list of our available properties.

Renting from a landlord vs. a Salt Lake City Property Management Company

Renting from a landlord vs. a Salt Lake City Property Management Company

Does renting from a Salt Lake City property management company offer advantages over renting from an individual landlord?

Property management firms in Salt Lake City have a tremendous value to an owner, but as a tenant, you may wonder how a Salt Lake rental property manager can benefit you. Depending on your situation, these companies can be just as valuable to a tenant and more effective than renting from an individual landlord. Below are three reasons why every tenant should consider using a Salt Lake City property management company:

Reason #1: More advanced tools – Unfortunately, the tools utilized by a rental property manager and an individual landlord are not always equal. Most property management firms in Salt Lake have evolved to making renting a home much easier by accepting online rent payments and submitting maintenance requests through an online portal, while many landlords have remained content with having tenants mail a rent check each month and placing a phone call that may or may not be returned for each maintenance issue. If you want to take advantage of the tools that make renting a home more convenient for you, you may want to consider leasing from a company that specializes in property management in Salt Lake City.

Reason #2: More consistent communication – Consider this scenario…you have an issue with your rental property and have tried reaching out to your landlord. You wait for your email and phone calls to be returned, but you never hear back. Unfortunately, this is a very common occurrence when dealing with an individual landlord. While many property management firms in Salt Lake City have drawbacks, you can expect a level of consistent communication before entering into an agreement and also during your tenancy.

Reason #3: Better service – If you have ever had a maintenance issue with your rental property, you know how long it can take before the landlord fixes the problem. Property managers in Salt Lake are experienced in prioritizing maintenance issues and having them resolved in a timely manner. It’s the Salt Lake City property management company’s job to take care of all maintenance and repair issues as quickly and efficiently as possible.

At the end of the day, if you find a property that works best for you, you should consider leasing it regardless of whether it is managed by an individual landlord or property management company in Salt Lake City. If you are a tenant that is interested in renting a home in Salt Lake City, please consider renting from FRE Real Estate and Property Management. Please click here for a list of our available properties.

How to Avoid Home Rental Scammers

How to Avoid Home Rental Scammers

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Avoid Home Rental Scammers

Moving to a new city can be a life changing moment for most people. It is important to know how to avoid scams when looking for a new apartment, in an area that you are unfamiliar with. Here are something’s to be aware of in order to help you avoid those scams.

There are a lot of scammers that take and use a real listing from, a real home rental or real estates and claim it as their own, they will take these already written listings and make a few modification, by changing the email address or other contact information to include their own information. They might even use the same name as the original poster and only change the picture and contact information, just to confuse you.

The best sign that the listing is a scam is if they request you to wire money over. There is no reason for you to wire money over, not matter what the reason may be. Some reasons could be paying a security deposit, vacation rental, or application fee, there is never a good enough reason to wire money, because once the money is wired there is no way for you to get that back. So beware if a listing for a rental home is asking you to wire some money for a security deposit, or application fee it is most likely a scam.

Another thing to always remember is, if the deal is too good to be true then it probably is. Most scammers will take all of the real information for a home rental listing, but list the price below the average rental rate in the market, that is an easy sign tell whether or not the listing could be a possible scam.

These are some of the basic things that you must look out for when looking for to a home rental, the best way to avoid these kinds of mishap is to hire a real estate agent, and discuss your concerns with them. If you choose to continue the search by your self always be aware that if they ask you to wire money, that is a safe assumption that the listing is a scam, and remember that if they deal is too good to be true, then it probably is.

How to Maximize Tenant Retention

How to Maximize Tenant Retention

Property Management 

 

How to Maximize Tenant Retention

Finding quality tenant(s) can be a long, tedious process. Most owners would give anything to be guaranteed that the tenant would pay rent on time and take excellent care of their property.  Once you are able to find a great tenant, what can be done to make sure that this tenant never wants to move out of your home? Below are some to tips to maximize tenant retention:

 

  • Respond to maintenance requests in a timely manner – If the furnace goes out in the property in the middle of winter, it is important that it is communicated to the tenant that this will be resolved as soon as possible. Even if the request seems unreasonable, it is important to contact the tenant back in a timely manner to explain your reasoning for not processing the request. It is always best to do what you say that you’re going to do and following up with your tenants shows that you do value them and want them to continue renting your property.
  • Continue to rent the property below market value – Many owners and property management companies feel that a rent increase should happen every year in order to maximize cash flow. If you are willing to make a small concession to your excellent tenant, it will make them feel valued and will not give them a reason to find a new place to live.
  • Stay in touch with your tenant throughout the year – Many owners will place the tenant in the property and will not talk to them again until it is time to sign a new lease the next year. Contacting the tenant to make sure that they are happy with the property and that everything is working correctly shows the tenant that you truly care about their happiness and that you do not want them to leave. Conducting a semi-annual inspection is a great way to accomplish this.
  • Give your new tenant a welcome packet – It can really go a long way to establishing a good relationship tenant by providing a helpful guide to the property they are renting. This can provide information on how to switch the utilities into their name or how to pay the rent each month.

 

If you would like assistance in keeping the best possible tenant(s) in your property, please consider hiring FRE Property Management. We are the premier property management company in Utah and will provide you with the peace of mind knowing that your investment will be taken care of.

Tips for New Rental Property Owners – Part 2

Tips for New Rental Property Owners – Part 2

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:

 

  • Respond Promptly to Maintenance Requests – Tenants will contact you as a landlord for requests that may seem ridiculous, such as a light bulb that has burned out and needs to be replaced. However, it is always a good idea to address the tenant sooner rather than later and explain why you will or will not be fixing the issue. In the event of valid emergency requests, it is good practice to have these fixed as soon as possible. If it is the middle of winter and the furnace goes out, you need to have this addressed ASAP. As a landlord, you will need to determine what is considered an emergency request and what is not, and then prioritize accordingly.
  • Conduct Regular Inspections of the Property – The best way to find out if there are potential maintenance issues with your rental home is to regularly inspect it. This will also let you know how well the tenant is taking care of your property. It is best practice to conduct a walk through inspection once a quarter and a drive by inspection every 1-2 months. You may be thinking that you do not have the time to inspect the property this often, but it could prevent a major maintenance issue and be more than worth it in the long run.
  • Learn the Rules and Regulations – Knowing all of the landlord/tenant laws for Utah can not only be tricky, but also very overwhelming. There are so many different practices that landlords must follow and the last thing that you want is to be sued by your tenant for violating these. You might be thinking, “How can I ever learn all of the landlord/tenant laws for Utah?” The state does have this information available, and while it may take some time to research this, it will more than worth it if it keeps you out of civil court.
  • Insure your Rental Property – It is always a good idea to carry sufficient insurance on your property, just in case there is ever an issue. There are many different kinds of insurance, including hazard and liability, which will cover you for different situations. Having your property covered under good insurance can save you from a lot of future troubles.
  • Employ an Eviction Attorney – If your tenant has not paid his/her rent, do you know who to call to begin eviction proceedings? It is very important to have a good eviction lawyer in place, so in the unfortunate event that you do need to evict, you can get the old tenant out of your property and a new tenant in as soon as possible. There are many laws that must be followed when evicting a tenant and it is always best to leave this to the professionals to comply with. A good eviction attorney will also provide you with your best chance in recovering the rent owed to you by your tenant.

 

Being a rental property owner can very rewarding, but also very stressful. If you would like to discuss the best way to manage your rental or if you are considering hiring a property management company, please contact us at FRE Property Management. We are the premier property management company in Utah and will provide you with the peace of mind knowing that your investment is being taken care of. Contact us today at 801-673-5692.