Salt Lake City Property Management, Salt Lake City Property Managers, Salt Lake City Property Management Companies. Wolfnest

How to Handle Tenant Requests for Property Modifications

When renting out property, it’s common for tenants to occasionally request modifications to their living space. Whether they’re looking to personalize their home, make the space more functional, or enhance its aesthetic appeal, understanding how to navigate these requests is key for landlords and property managers. In Utah, knowing the ...

Understanding Squatter Rights: A Comprehensive Guide for Property Owners

If you manage rental property, one of the most complex situations you might encounter is when you find a squatter holed up in your vacant rental property.As a property owner, one of your priorities is understanding squatting, its legal mechanisms, and how to protect your investment.This article equips you with the knowledge you need to manage your ...

Seasonal Lease Agreements: What to Include for Holiday Rentals

As the holiday season approaches, many property owners consider renting their homes or vacation properties to capitalize on increased demand. Whether it's for a cozy family gathering, a festive getaway, or a seasonal escape, holiday rentals can be lucrative, especially in popular destinations like Salt Lake City, Utah. However, with the unique ...

How to Perform an Accurate Rental Valuation

While Salt Lake City has seen a steady rise in property values through the first half of 2024, things are starting to swing back in the investor's favor.According to RedFin, property value was down 6.4% year over year in August. This was the first time in several months that home prices have gone down in Salt Lake.If you've been waiting for...

Preparing Your Rental for Families: Childproofing and Family-Friendly Features to Attract Long-Term Tenants

As a landlord in Utah, attracting families to your rental properties can be a great strategy for ensuring stable, long-term tenancies. Families often seek homes that are not only comfortable and affordable but also safe and accommodating for their children. By childproofing your rental and adding family-friendly features, you can make your property...

Tips for Successfully Managing Multiple Rental Properties

Managing multiple rental properties can be both a rewarding and challenging experience. As a property owner, your goal is to keep your tenants happy, maintain your properties in top condition, and ensure you’re maximizing your returns. Juggling the demands of multiple tenants, properties, and locations requires a strategic approach to stay or...

Dealing with Late Rent Payments: When to Be Lenient and When to Take Action

As a landlord, managing late rent payments can be one of the trickiest aspects of property management. While every landlord hopes for tenants who pay on time, it's inevitable that you’ll encounter situations where rent doesn’t come in on the due date. Knowing how to handle late payments while maintaining a positive relationship with...

Transform Your Rental with the Right Entryway: Doors, Mats, and Lighting That Welcome Tenants

When potential tenants visit your rental property for the first time, their initial impression often forms the foundation for their decision to move in. One of the most critical aspects of creating that all-important first impression is the entryway. It’s not just a passage into the property—it’s a preview of the experience that a...

Rental Market Trends: What to Expect During the Fall and Winter in Utah

As temperatures drop and the leaves begin to change, Utah's rental market also experiences a shift in trends and dynamics. Whether you're a landlord or property owner, understanding what to expect during the fall and winter months is crucial to staying ahead of the competition, keeping vacancies low, and maintaining tenant satisfaction. In ...

Is Utah a Landlord-Friendly State?

Utah has many advantages that can entice people to move there. Whether you are looking for a better education, a change of scenery, or greater career opportunities, Utah has a lot to offer its residents.One remarkable fact about Utah is that in 2024, it is once again recognized as the best state in the country according to the U.S. News & ...

A Landlord’s Guide to Fairly Splitting Utilities Between Tenants

As a landlord, managing utility costs in a rental property can be a complex task, especially when you have multiple tenants sharing a space. Whether you're dealing with a multi-family unit or a single property with roommates, it's crucial to establish a clear and fair method for splitting utilities. In this guide, we’ll walk you throu...

Tenant Damage vs. Wear & Tear in Utah: Understanding the Differences

As a landlord in Utah, distinguishing between tenant damage and normal wear and tear is crucial. This distinction not only impacts your relationship with tenants but also affects the maintenance of your property and legal obligations. Understanding the difference is essential for effective property management, ensuring that both landlords and tenan...

Understanding the Benefits of Green Building Certifications for Rental Properties

In today's evolving real estate market, green building certifications are becoming increasingly significant. These certifications are not just a trend but a valuable asset for rental properties, offering numerous benefits to landlords, tenants, and the environment. In this article, we'll explore what green building certifications are, their...

How Much Does a Property Manager Cost in Utah?

Developments in the housing market in recent years created a perfect storm of growth in the Utah rental market. Economic factors and the 2020 pandemic have pushed heavy migration into the state; 2022 alone saw over 91,000 new residents move here. The rising cost of mortgages has pushed those new residents into the rental market.Steady growth into 2...

Lead-Based Paint Disclosure: Understanding the Requirements for Rental Properties

Renting out a property comes with a multitude of responsibilities, not only to ensure a smooth rental experience but also to comply with various laws and regulations. One such critical regulation is the lead-based paint disclosure requirement. This regulation is especially important for properties built before 1978 when lead-based paint was commonl...

Millcreek Property Management: Creating Financial Freedom

Millcreek is considered one of the best places to live in Utah. In fact, it’s one of the top 10 suburbs in the entire state. Being so close to Salt Lake while still offering the suburban feel along with great schools makes it a very desirable place for people to live. Which also makes it ideal for property investors.If you’re investing ...

The Daily Routine: Habits Every Successful Landlord Swears By

Being a successful landlord requires more than just owning rental properties, it involves adopting daily habits that streamline operations, enhance tenant satisfaction, and ultimately maximize investment returns. Here are essential habits every landlord should incorporate into their daily routine, along with the benefits of integrating technology f...

Turning Showings into Leases: Strategies for Converting Viewers into Tenants

Property showings represent critical junctures in the rental journey, pivotal moments where landlords have the invaluable opportunity to transform a mere viewing into a signed lease agreement. These showings are not merely about presenting four walls and a roof; they are about curating an experience that resonates with prospective tenants, compelli...

Enhance Tenant Satisfaction with Regular Feedback Polls: A Strategy for Utah Property Management

Maintaining a healthy relationship with tenants is crucial for the success of any property management company. Regular feedback through monthly or quarterly polls can significantly enhance tenant satisfaction and improve property management services. This approach allows property managers to understand tenants' needs, recognize what they apprec...

The Power of Paint: Enhancing Your Rental Property’s Appeal and Setting the Right Mood

Aesthetic appeal is a crucial factor in attracting and retaining tenants in rental properties. One of the most effective and affordable ways to enhance a property's visual appeal is through thoughtful paint choices. The right colors can transform a space, making it more inviting, sophisticated, and emotionally resonant. For landlords and proper...

Transform Your Home: The Impact of Ceiling Design on Appeal and Ambiance

In the world of property management, every detail counts when it comes to attracting and retaining tenants. While much attention is often given to flooring, wall colors, and furnishings, one crucial aspect of interior design frequently goes unnoticed: the ceiling. Often regarded merely as the overhead plane that holds the light fixtures, ceilings p...

How to Write Effective Rental Listings: Tips for Crafting Compelling and Informative Rental Property Advertisements

Writing effective rental listings is an essential skill for any property owner or manager. A well-crafted advertisement can attract high-quality tenants, minimize vacancy rates, and ultimately increase the profitability of your rental property. Whether you own a single-family home, a multi-unit building, or a commercial property in Utah, creating c...

How to Create a Tenant Welcome Package: Suggest Items and Information to Include

Welcoming new tenants to your rental property is a critical step in building a positive landlord-tenant relationship. A well-crafted welcome package not only helps tenants settle in quickly but also sets the tone for their entire stay. For property owners in Utah, especially those leveraging property management services, creating a comprehensive we...

Rental Valuation Guide: Why Do You Need Accurate Property Assessments?

Median rent prices in Salt Lake City dropped 1.5% in October 2023 to $1,329 after increasing by 1% in the past month. With rents dropping, landlords might need to adjust their prices to stay competitive. The right rental price can help you find good tenants quickly and avoid costly vacancy periods.But how do you know what rent to charge? An accurat...

5 Property Portfolio Management Tips Essential to Beginner Success

Real estate has remained one of the best investment vehicles for individuals to grow their wealth. Even with the struggles over the past few years, real estate continues to hold steady and increase in value. That makes it a great reason to build a real estate portfolio.But how do you handle portfolio management and grow your investments? Let's ...

Understanding and Utilizing Utah's Rental Market Data for Better Investments

If you're looking to dive into Utah's rental market, you've hit the jackpot. With its booming economy and jaw-dropping landscapes, Utah is a magnet for new residents, making it prime territory for rental property investments. But here's the deal: to truly succeed, you've got to be data-savvy. Let's break down the key metrics...

Decoding the Next Wave: Understanding Millennial Renters in Utah's Thriving Market

Hey there, fellow property owners! Ready to dive into the whirlwind world of millennial renters in Utah? Strap in, because we’re about to explore what makes this generation tick. Utah’s got a booming economy and jaw-dropping landscapes that make it a total renter's paradise. But let’s face it, the driving force behind this sur...

The Pros and Cons of Furnished vs. Unfurnished Rentals: A Guide for Landlords

As a landlord in Salt Lake City, Utah, you are always looking for ways to maximize your rental property's appeal and profitability. One key decision you will face is whether to offer your rental property furnished or unfurnished. Each option comes with its own set of advantages and disadvantages, and understanding these can help you make the be...

Understanding and Navigating Utah's Zoning Laws: A Comprehensive Guide

Navigating the intricacies of Utah's zoning laws can be challenging for property owners and investors. Understanding these regulations is crucial for successful property management and maximizing your investment potential. In this guide, we’ll break down Utah's zoning laws and how they impact property management and investments.What a...

Adapting Your Rental Property for Remote Workers

In today's evolving rental market, the rise of remote work has transformed tenant preferences and priorities. As more individuals embrace the flexibility of working from home, landlords have a unique opportunity to adapt their rental properties to cater to the needs of remote workers. At Wolfnest Property Management, we understand the importanc...

Understanding the Difference Between Renter's Insurance and Landlord Insurance: A Guide for Property Owners

As a landlord, ensuring that your rental property and your tenants are adequately protected is paramount. One crucial aspect of this protection is insurance, but it's essential to understand the distinction between renter's insurance and landlord insurance. Let's delve into the key differences between these two types of insurance to hel...

A Property Manager's Guide to Security Deposits

The population in Salt Lake City continues to grow each year, increasing the demand for rental properties. As a landlord, you can reap the benefits of providing quality rental units to those who need them.Buying investment properties can be lucrative, but you should always require security deposits. Newer landlords sometimes wonder if they need to ...

From Concrete Jungle to Urban Oasis: Transforming Rental Spaces with Biophilic Design

Welcome to Wolf Nest, your trusted property management company in Salt Lake City, Utah, where we understand the importance of creating inviting and rejuvenating living spaces for tenants. Today, we're diving into the transformative power of biophilic design in rental properties, turning urban dwellings into lush oases of tranquility.1. Bringing...

Unlocking Potential: Design Tips for Micro-Apartments and Pod Living Units

In today's fast-paced world, the demand for compact and efficient living spaces is on the rise. Micro-apartments and pod living units offer a unique solution for urban dwellers seeking affordable and functional housing options. Despite their smaller size, these units can be maximized to create comfortable and stylish living environments. Whethe...

Understanding the Influence of Rental Property Design on Tenant Behavior

In the realm of property management, it's easy to get caught up in the practical aspects of maintaining and renting out properties. However, what many landlords may overlook is the profound impact that design and aesthetics can have on tenant behavior. From the layout of a space to the choice of colors and materials, every aspect of a rental pr...

Avoid These 10 Costly Mistakes: Essential Tips for Landlords in Utah

As a landlord in Salt Lake City, Utah, managing your properties effectively is crucial for success. However, overlooking certain aspects of property management can lead to significant challenges and expenses down the road. In this article, we'll explore ten common mistakes that landlords should avoid, along with tips on how to steer clear of th...

Choosing the Right Roofing Material for Your Rental Property in Salt Lake City, Utah

As a landlord in Salt Lake City, Utah, maintaining your rental property's roof is crucial for protecting your investment and ensuring the safety and comfort of your tenants. When it comes to choosing the right roofing material, several factors should be considered, including durability, maintenance requirements, and aesthetic appeal. Let's ...

Navigating Legal Terrain: Trash Disposal in Utah Rental Properties

As a landlord or property owner in Utah, ensuring compliance with laws and regulations regarding trash disposal is paramount. Improper waste management not only poses health and environmental risks but can also lead to legal repercussions. Understanding the legal considerations surrounding trash disposal in rental properties is crucial for maintain...

Your Guide to Understanding Owner Statements and Reporting

If you're a landlord or real estate investor in Salt Lake City, now is the time to get your portfolio's finances on track. Thanks to a massive building boom, demand for rental properties has fallen across the metro area.This means that rents are dropping across the board for the first time in years. If you wish to see a continued return on ...

Appliance Replacement Strategies: When to Repair and When to Replace

As a landlord or property owner, one of the ongoing challenges you face is maintaining the appliances in your rental properties. From refrigerators to dishwashers, appliances play a vital role in attracting and retaining tenants. However, they are also subject to wear and tear, eventually requiring repairs or replacements. The question then arises:...

Trust but Verify: Ensuring Authenticity in Tenant References

As landlords, one of the most crucial steps in the tenant screening process is verifying the authenticity of references provided by prospective tenants. While it's essential to trust the information provided, it's equally important to verify it thoroughly. After all, the stability and well-being of your property investment in Utah depend on...

Successful Investing in Salt Lake City: Why You Need a Rental Analysis

Did you know that Salt Lake City is the most competitive rental market in the western United States? It is not easy to find an apartment or single-family home for rent.While this is tough on renters, these conditions are a landlord's delight. This is especially true for landlords who own their property free and clear. The increase in competitio...

Navigating the Future: 5 Property Management Trends to Watch Out for in Utah 2024

As a landlord or property owner in Utah, staying ahead of the curve is vital to maintaining success in the ever-evolving rental market. With 2024 in full swing, it's crucial to keep a pulse on the latest trends shaping property management strategies. Here are five trends to watch out for:1. Sustainable Practices Take Center Stage:In 2024, susta...

Unveiling the Veiled: Unseen Expenses of Landlording in Utah

As a property owner in Utah, embarking on the journey of being a landlord can be an exciting prospect. The promise of passive income and long-term investment growth often lures individuals into this venture. However, behind the façade of profit margins lies a realm of hidden costs that can catch even the most prepared landlord off guard. Let...

How Often Should Landlords Do Rental Property Inspections?

Studies show that frequent rental property inspections can reduce serious maintenance issues. How often are you inspecting your property?If it's not often enough, you might be missing things like leaks, pests, or lease violations.Inspections can be a hassle, but they're crucial. There's no right or wrong way to do them, but we're he...

Streamline Your Rental Business with E-Signatures: A Landlord's Guide

In the dynamic world of property management, efficiency is the key to success. As landlords and property owners, we understand the importance of streamlining processes to save time and resources. One such advancement that has revolutionized the way we handle paperwork is the introduction of e-signatures.What exactly are e-signatures, you may ask? E...

Real Estate Investor Tips: How to Choose Neighborhoods in Salt Lake City

For years, Salt Lake City has been one of the fastest-growing cities in the country. It's a beautiful place that attracts all kinds of new residents, which makes it great to be a landlord.The first step to becoming a successful real estate investor is finding the property. The wrong choice in this step can completely ruin your profits. Before y...

Outdoor Storage Solutions: Making the Most of Limited Space

Introduction: When it comes to rental properties, outdoor spaces are often underutilized, leaving valuable real estate untouched. In this blog post, we'll explore creative outdoor storage solutions tailored for landlords and property owners in Salt Lake City, Utah. Discover how you can maximize your rental property's functionality while mai...

Optimizing Rental Property Parking Spaces for Tenant Satisfaction

As a landlord or property manager in Salt Lake City, Utah, ensuring tenant satisfaction goes beyond just the four walls of the rental unit. Adequate parking is a crucial aspect that directly impacts the overall living experience for your tenants. In this blog, we'll delve into effective strategies to optimize rental property parking spaces, pro...

Property Management Tips for Landlords: Maintaining Professionalism with Family and Friends

In the dynamic realm of property management, maintaining professionalism is crucial for fostering positive landlord-tenant relationships. When it comes to renting your property to family or friends, the need for professionalism is just as important, if not more so. In this article, we'll explore some general tips applicable to all landlords, wi...

Mastering Online Reviews: A Guide for Landlords in Utah's Thriving Property Management Scene

In the ever-evolving landscape of property management, online reviews have become an integral aspect of building trust, credibility, and success. As a landlord in Salt Lake City, Utah, understanding the significance of online reviews is crucial for maintaining a positive reputation and attracting prospective tenants. In this guide, we'll delve ...

Maintenance Coordination for Landlords in Salt Lake City, UT

As a landlord, you have a limited amount of time to fix issues regarding maintenance. Typically, repairs and maintenance coordination needs to be made between 24 and 48 hours. However, you'll need a quicker response time for emergency repairs.That means as soon as your tenants notify you, you have to stop what you're doing and make arrangem...

Supporting Military Families During Moves: A Guide for Landlords

Moving is a challenging experience for anyone, but for military families, the process can be particularly demanding due to the frequent relocations associated with their service. As a property management company in Salt Lake City, Utah, Wolfnest recognizes the importance of supporting military families during their moves. In this article, we'll...

Navigating Student Housing Trends in Salt Lake City, Utah: A Guide for Landlords

As the vibrant city of Salt Lake City continues to grow and evolve, so do the preferences and needs of its student population seeking suitable housing. For landlords and property owners, understanding the current trends in student housing is crucial for attracting and retaining this dynamic demographic. In this article, we'll explore the latest...

Understanding Owner Disbursement for Landlords in Salt Lake City, UT

These days, being a landlord in Utah is a great way to make money. Due to high mortgage rates, more and more people want to rent rather than buy.Of course, holding a hot asset is only one part of the puzzle. To actually turn a profit on it, you need to know how to manage owner disbursements. Doing so involves keeping accurate records and being awar...

Guarding Against Mold: The Crucial Role of Regular Property Inspections

As a property management company based in Salt Lake City, Utah, Wolfnest understands the unique challenges that property owners face, especially when it comes to safeguarding their investments. One of the often-overlooked but critical aspects of property maintenance is the regular inspection of rental units. In this article, we'll shed light on...

The Pros and Cons of Tenant Renovations: Balancing Benefits and Challenges

As a seasoned property management company in Salt Lake City, Utah, Wolfnest recognizes the dual role of allowing tenants to renovate their own units – offering a chance for personalization and potential pitfalls that could impact the property's long-term well-being. In this article, we'll delve into both the advantages and disadvantag...

5 Things to Know About a Real Estate Referral Program in Salt Lake City, UT

If you're a landlord navigating the thriving property scene, you've probably heard whispers about the magical realm of real estate referral programs.Fear not. We know what you should be looking for in Salt Lake City real estate, where finding the right program is the key to unlocking hidden treasures in the land of investment properties.Let...

Creating a Comfortable Home: The Impact of Furnished Rentals on Tenant Satisfaction

In the dynamic world of real estate, landlords are continually seeking ways to enhance the attractiveness of their rental properties and provide added value to tenants. One strategy that has gained momentum is offering fully furnished rentals, transforming living spaces into comfortable, stylish, and functional homes. In this blog post, we'll d...

4 Benefits of Creating a Tenant Portal in Salt Lake City, UT

Owning a rental property should be an investment, but it shouldn't take over your life. Fielding endless texts and phone calls can quickly become overwhelming. Constant searching for lost emails becomes frustrating.You need a tenant portal for your Salt Lake City real estate investment. A singular place where you can manage your portal streamli...

Understanding Rental Property Valuation in Salt Lake City: A Comprehensive Guide for Landlords

As a landlord in Salt Lake City, Utah, understanding the intricate details of rental property valuation is key to setting the right rent price and maximizing your investment returns. In this comprehensive guide, we will break down the factors that influence rental property pricing in Salt Lake City, shedding light on the nuances that can make a sig...

The Psychology of Pricing: Positioning Your Rental Property in Salt Lake City, Utah

In the dynamic world of property management, setting the right rental price goes beyond mere numbers. It involves a deep understanding of tenant psychology and employing strategies that influence perceptions and behaviors. In this blog post, we'll explore the psychology of pricing and how landlords in Salt Lake City, Utah, can leverage it to ef...

The Pros and Cons of Allowing Pets in a Rental Property

It's incredible that 70% of households in America own at least one pet.While lots of pet owners dream of buying houses for their fur babies to enjoy, the truth is that many of them are renters. This makes a landlord's job trickier.Is it smart to welcome pets in a rental property? Read on to break down the perks and potential drawbacks of ac...

Navigating Utah Winters: A Guide to Selecting Flooring Materials for Cold Weather Resilience in Rental Properties

Winter in Utah can be unforgiving, with cold temperatures, snow, and ice posing unique challenges for property owners. As a landlord, it's crucial to choose flooring materials that not only withstand the rigors of winter but also strike the right balance between aesthetics and functionality. Let's explore some flooring options that are well...

The Role of Landlords in Snow Removal: A Legal Perspective in Utah

As winter blankets the picturesque landscapes of Utah in a layer of snow, landlords face a unique set of challenges to ensure the safety and well-being of their tenants. In this blog post, we will delve into the legal aspects of the landlord's role in snow removal, providing valuable insights into understanding responsibilities and navigating l...

A Quick Guide to Winter Property Maintenance for Salt Lake City Landlords

It's shocking that Salt Lake City gets up to 50 inches of snow each year while the nearby mountains can get up to 500.As a responsible landlord, it's essential to ensure that your rental property is prepared for the winter months. You'll have to keep up with a few winter property maintenance tasks.What can you do to get your rental prop...

Building Trust: The Key Role of Transparent Rental History Reporting for Tenants in Utah

In the dynamic landscape of property management in Utah, fostering trust between landlords and tenants is crucial for maintaining positive and lasting relationships. One pivotal aspect of this trust-building process is transparent communication, especially when it comes to rental history reporting. In this article, we'll delve into the signific...

Ensuring Tenant Privacy: The Secure Process of Online Rent Payments in Utah Property Management

In the rapidly evolving landscape of property management, the adoption of online rent payment platforms has become a game-changer for landlords and tenants alike. However, concerns about online payment security and the privacy of tenant information are valid considerations. In this article, we'll delve into the secure process of online rent pay...

A Salt Lake City Landlord's Guide to Handling Evictions

Utah is projected to end up with around 8,000 evictions this year.This is a small fraction of the tens of thousands that happen each month across the US, but it's significant nonetheless. No landlord sets out to evict someone at the beginning of a tenancy, but sometimes tenants leave you with no other options.As a Salt Lake City landlord, it...

Flood Preparedness: Protecting Your Rental Property in Utah with Expert Property Management

Living in Utah offers a unique set of challenges, and one of the most significant concerns for property owners is the potential for flooding. Whether it's the result of heavy snowmelt, torrential rain, or a sudden thaw, being prepared is key to minimizing damage to your rental property. In this comprehensive guide, we'll explore proactive m...

The Role of Property Management in Alleviating Affordability Challenges in Utah

The soaring demand for rental properties in Utah, driven by a booming population and a thriving job market, has brought about both opportunities and challenges for landlords. Affordability concerns are becoming increasingly prevalent, creating a need for strategic solutions. In this blog post, we'll explore the pivotal role property management ...

5 Reasons Why You Should Hire a Property Management Company In Salt Lake City

Do you own a Salt Lake City rental? If so, you have first-hand experience of just how much time and effort can go into managing it.For some landlords, the rigors of the job may not seem too bad. If you're used to wearing many hats and live close to your rental, the DIY approach makes sense. Otherwise, managing a rental can get overwhelming in a...

The Art of Negotiating Rent: Tips for Landlords in Utah

As a landlord in Utah, navigating rent negotiations can be both an art and a science. Establishing a fair and mutually beneficial agreement requires effective communication, strategic planning, and a keen understanding of local market dynamics. In this guide, we'll explore some valuable tips for landlords to master the art of negotiating rent w...

Navigating Maintenance Requests in Challenging Utah Weather: A Landlord's Guide

As a landlord in the picturesque state of Utah, you're likely no stranger to the unique challenges that winter weather can bring. From sudden snowstorms to freezing temperatures, maintaining your rental property during the colder months requires careful planning and efficient handling of maintenance requests. In this guide, we'll explore so...

3 Benefits of Routine Property Maintenance in Salt Lake City, UT

Salt Lake City, Utah, is a city known for its incredible beauty, vibrant culture, and thriving real estate market. As the capital of the Beehive State, Salt Lake City's property owners are no strangers to the unique joys and challenges of homeownership in this picturesque region.In the heart of this dynamic real estate landscape lies a secret t...

Navigating Tomorrow: The Future of Remote Property Management in Utah in 2024

In the ever-evolving landscape of property management, the advent of technology has paved the way for a significant shift in how landlords oversee and operate their rental properties. As we stand on the cusp of 2024, the trend of remote property management is gaining momentum, ushering in a new era of efficiency and convenience for property owners....

Year-End Review: Assessing Your Property Investment Performance in 2023

As the year draws to a close, it's a prudent time for landlords and property owners in Utah to reflect on the performance of their real estate investments throughout 2023. Conducting a thorough year-end review not only helps in understanding the strengths and weaknesses of your investment strategy but also sets the stage for making informed dec...

Setting Your Property Resolutions for 2024: A Landlord's Guide

As we approach the dawn of a new year, it's the perfect time for landlords to reflect on their property management practices and set resolutions for continuous improvement in 2024. A proactive approach to property management can lead to increased tenant satisfaction, better property value, and a smoother landlord experience. In this guide, we&#...

Landlord Rescue in Salt Lake City, UT: What You Need to Know

So, you invested in real estate property and thought you could manage your rentals yourself. Instead, you are behind on maintenance, and accounting, and don't know when your next paycheck is coming in.Only 45% of landlords manage their own properties, and for good reason. It's a lot of work!Landlord rescue services exist to help property ow...

Traditional Marketing Tactics for Property Owners: A Guide

In today's fast-paced digital world, it's easy to overlook the power of traditional marketing tactics for property owners. While online strategies are essential, integrating proven non-digital methods can be a game-changer when it comes to attracting tenants and optimizing rental properties. Let's explore some timeless techniques that c...

Understanding Landlord Liability: A Comprehensive Guide for Salt Lake City Landlords

Being a landlord comes with a myriad of responsibilities, from legal obligations to ensuring the safety and well-being of your tenants. Navigating the landscape of landlord liability is crucial for not only protecting your investment but also fostering positive landlord-tenant relationships. In this comprehensive guide, we'll delve into various...

Harnessing the Power of Word-of-Mouth: A Guide for Landlords in Utah

In the dynamic realm of property management, effective marketing strategies extend beyond the digital landscape. One of the most potent and time-tested approaches is word-of-mouth marketing. Harnessing the genuine recommendations and positive experiences of your tenants can significantly boost your property's reputation and attract prospective ...

Navigating Year-End Finances: A Comprehensive Guide for Utah Landlords

As the year draws to a close, landlords must engage in thoughtful financial planning to ensure a prosperous and organized start to the upcoming year. This comprehensive guide will walk you through key considerations, including tax strategies, budget reviews, and setting financial goals. By implementing these practices, you'll be better equipped...

Safeguarding Your Sanctuary: Holiday Security Tips for Utah Rental Properties

The holiday season brings joy, festivities, and a sense of community to Utah homes. As a landlord, it's crucial to ensure that this season is not only merry and bright but also secure for your rental property. Here, we'll explore comprehensive security measures that can help safeguard your Utah rental during the holiday season.1. Upgrade Yo...

'Tis the Season: Unwrapping Holiday Market Trends in Salt Lake City Rental Properties

The holiday season is not only a time for festive decorations and warm gatherings but can also cast its magic on the real estate market. As we don our winter coats and prepare for the festivities, let's take a closer look at how the holiday season influences rental properties in Salt Lake City, Utah, and explore whether landlords should conside...

How to Conduct a Tenant Criminal Background Check in Salt Lake City, UT

The fact that one in four people have a criminal record underscores the importance of running a tenant criminal background check. As a property owner or manager, your tenants' safety and the security of your investment property are paramount.Whether you're seasoned or new to leasing management, this article will provide a complete guide to ...

Crucial Steps: The Five C's for a Smooth Landlord/Tenant Relationship

Leasing a home can be an exciting, intricate process and it is important to recognize the significance of a seamless lease initiation when managing property in Utah. We've identified five crucial elements, the Five C's, that play a pivotal role in ensuring a successful start to a lease: Communication, Contract, Check-in, Care, and Complianc...

Navigating the Property Management Landscape: Criminal Activity in Utah Rental Units

In the realm of property management, the peaceful coexistence of landlords and tenants is paramount. However, when criminal activities unfold within rental units, it's essential to unravel the legal implications that follow. This blog post delves into the legal consequences for both landlords and tenants in the state of Utah, emphasizing the si...

The Role of Landlord Letters in Utah Eviction Cases: Dos and Don'ts

When it comes to managing rental properties in Utah, landlords occasionally find themselves in situations that warrant eviction proceedings. During such times, the importance of clear and well-crafted landlord letters cannot be overstated. In this article, we'll explore the dos and don'ts of composing landlord letters in Utah eviction cases...

Common Eviction Mistakes: A Utah Landlord's Guide to Avoiding Legal Pitfalls

Evicting a tenant can be a challenging process, and landlords in Utah must navigate the legal landscape carefully to avoid common pitfalls. In this guide, we'll shed light on the prevalent eviction mistakes landlords make and offer valuable insights on how to steer clear of legal complications.Insufficient Documentation: The Achilles Heel of Ev...

How Long Can a Tenant Stay After the Lease Expires in Utah?

You might not want to be in this situation, but it's a common one: sometimes, a tenant overstays their welcome.So, how do you get tenants to leave when their lease expires? First, you need to understand how long they're allowed to stay.How long can a tenant stay after the lease expires in Utah? Read on to find out.Lease EnforcementYou need ...

Innovative Space Utilization: Transforming Unused Areas into Functional Spaces in Utah Rental Properties

In the ever-evolving world of property management, the art of maximizing every square foot has taken center stage. Landlords in Salt Lake City, Utah, are discovering the untapped potential within their rental properties by transforming unused or unconventional spaces into functional and purposeful areas. Let's explore the possibilities and unlo...

Navigating the Legal Landscape: Lesser-Known Landlord Responsibilities in Utah

As a landlord, it's not just about finding the right tenants and maintaining your property; it's also about navigating the complex legal landscape that comes with property management. While many landlords are well-versed in the basics, there are often lesser-known responsibilities that might be overlooked. In this article, we'll explore...

The Art of Crafting the Perfect Rental Listing: A Deep Dive into Psychology and Property Management

In the world of property management, the success of attracting the right tenants begins long before they step foot into a property. It starts with the art of crafting the perfect rental listing — a skill that goes beyond mere descriptions of square footage and amenities. In this article, we'll explore the psychology behind creating compel...

The Basics on How to Split Utilities Between Tenants

Did you know about 39 million people live in apartments in the United States?Many of these people share building spaces with other tenants. As a landlord, you are likely going to get charged utilities for the entire building.So now the challenge is how to split utilities between tenants. This guide gives you some tips on how to arrange tenant payme...

Keys to Preventing Security Deposit Disputes in Utah

Renting a property in Utah can be an exciting yet intricate process for both landlords and tenants. One aspect that often causes tension is the security deposit. In Utah, as in many other states, security deposits are a crucial part of the rental agreement, serving to protect landlords from potential damages caused by tenants. However, navigating t...

How to Handle Abandoned Personal Property Left by a Tenant in Utah

Are you a landlord in Utah who has encountered the challenge of dealing with personal property left behind by a tenant who has moved out? It's a common situation, and navigating it can be tricky. In this guide, we'll walk you through the steps to effectively handle abandoned property while adhering to Utah state laws. Step 1: Determine Aban...

The Best Tips on How to Tell a Tenant to Move Out Nicely

Fifty-one percent of surveyed tenants have lied on their rental applications.Problematic tenants are the biggest cause of landlord headaches. They lie on their applications, cause property damage, make rent collection difficult, disturb the peace, and more.The best way to deal with a problematic tenant is by ending their tenancy as soon as possible...

Navigating Real Estate Challenges: How to Lease Your Utah Rental Property in a Down Market

Real estate markets can be unpredictable, and economic downturns can make leasing your Utah rental property a challenging endeavor. However, with the right strategies and a proactive approach, you can still find success even in a down market. In this article, we'll explore some key tips and tactics to help you lease your property when the marke...

4 Signs You Need to Hire a Property Management Company

There are nearly 20 million rental properties in the United States.Owning rental property in Salt Lake City can be a great way to make money, but it also comes with a lot of work. As a landlord, you might find yourself doing things like finding tenants, taking care of repairs, and making sure rent gets paid.While some people enjoy doing all of this...

Rental Property Security: Protecting Your Investment and Tenants

Security is a top priority for property owners and tenants alike. Ensuring the safety of your rental property in Salt Lake City, Utah, not only protects your valuable investment but also provides peace of mind to your tenants. In this article, we'll share essential tips on how to enhance security for your rental property and your tenants, inclu...

Property Management 101: The Difference Between Pets and Support Animals

Think all four-legged tenants are created equal? Think again. The difference between pets and support animals isn't just fur-deep—it can make or break your property management game and even land you in legal hot water.If you're looking to navigate this complex issue, you've come to the right place. Read on for a comprehensive guid...

Cost-Effective Renovations: Adding Value to Your Rental Property in Salt Lake City

Renovating your rental property in Salt Lake City, Utah, is a strategic move to enhance its value and attract quality tenants willing to pay higher rents. While renovations can be expensive, there are plenty of cost-effective ways to upgrade your property without breaking the bank. In this article, we'll share renovation and improvement ideas t...

5 Essential Tips for First Time Landlords

So, you've just bought your first rental property and you're officially a landlord. Exciting, right?But before you start counting your future earnings, understand that being a landlord is not a walk in the park. From tenant screening to property maintenance, there's a lot to manage. Want to avoid common pitfalls and set yourself up for ...

Maximizing Curb Appeal: Tips for Attracting Tenants to Your Rental Property

First impressions matter, and when it comes to rental properties, curb appeal can make all the difference. A well-maintained and aesthetically appealing property not only attracts high-quality tenants but also maintains a competitive edge in the rental market. In this article, we'll provide property owners in Salt Lake City, Utah, with practica...

How to Find and Keep the Best Tenants in Your Rental Property

Owning a rental property can be a lucrative venture, but it comes with its own set of challenges.One of these challenges is finding reliable tenants. This article will guide you through effective property marketing strategies, the benefits of hiring a property management company, and the importance of meticulous tenant screening.Let's get start...

Tenant Well-being: Creating Healthy Living Spaces in Your Rental Property

In the field of property management, providing more than just a roof over your tenant's head is essential. Creating a healthy living space can significantly impact the overall well-being of your tenants, attracting health-conscious individuals seeking a harmonious living environment. In this article, we'll explore effective ways to optimize...

Smart Home Upgrades for Rental Properties in Salt Lake City

In a world where technology is continually evolving, integrating smart home upgrades into your rental property in Salt Lake City, Utah, is a forward-thinking move. These modern amenities not only enhance the value and appeal of your property but also attract tech-savvy tenants. In this article, we'll explore various smart home technologies that...

How Long Does It Take to Evict a Tenant in Utah?

According to the Rental Housing Association of Utah, there were over 6,000 evictions in Utah in 2022. This represents a 39.5% increase from 2021.Part of the reason for this is the easing of the ban on evictions implemented in 2020, but it's also related to ever-increasing rental prices. As a landlord, there are several reasons why you might end...

Green Property Management: Sustainable Practices in Utah

As our world becomes increasingly conscious of environmental issues, sustainability has become a buzzword in almost every industry, including real estate. Property owners and managers in Utah are embracing eco-friendly practices to attract environmentally-conscious tenants and make a positive impact on the planet. In this article, we will delve int...

Why Should Every Salt Lake City Landlord Have a Tenant Screening Checklist?

The current state of the country is a challenge for landlords. Did you know that more than five million tenants are behind on rent?Renters in Salt Lake City are struggling with rising costs due to inflation. Wages are not growing as fast as the cost of goods and placing pressure on their budget.There are other challenges for landlords like criminal...

Preparing Your Rental Property for Winter in Utah: A Comprehensive Guide

As the temperatures in Utah start to drop, property owners across the state are gearing up for the winter season. If you own rental properties in the Salt Lake City area, it's essential to prepare your units for the cold weather to ensure tenant comfort and protect against cold weather-related issues. Proper winterization not only keeps your te...

What Are the Best Tips for Accidental Landlords in Salt Lake City?

An accidental landlord is someone who inherits a property with tenants in place. Many of them hasten to sell these homes as quickly as possible, but that isn't always the best option.According to information published by the Utah Kem C. Gardner Policy Institute, Utah's rents increased by 11% between 2020 and 2022 amid high demand. So, both ...

Expert Tips for Effectively Managing Unfurnished Rentals in Utah

In the thriving real estate market of Utah, managing unfurnished rentals requires a strategic approach to attract tenants and ensure a smooth rental experience. Wolfnest, a leading property management company in Salt Lake City, has gained a reputation for excellence in this area. In this article, we'll explore valuable tips backed by real stati...

3 Tips for Filing Tax Statements and 1099s as a Property Owner

Individual investors may see rental properties as an easy way to make passive income. Considering that these types of investors own about 14.3 million rental properties in the United States, you are far from the only one with that mindset.However, one thing you have to remember to do as a property owner is to fill out tax statements and 1099s.What ...

Top Property Management Companies in Salt Lake City, Utah: A Comprehensive Review

Salt Lake City, the capital of Utah, boasts a thriving real estate market, making it an attractive location for property investors and homeowners. However, managing a rental property can be a time-consuming and complex task. This is where professional property management companies come into play, offering their expertise and services to efficiently...

Effective Pest Control Management for Utah Property Owners

As a property owner in the beautiful state of Utah, maintaining a pest-free environment for your residents is crucial to their comfort and well-being. Pests not only pose health risks but also can cause property damage, potentially leading to expensive repairs. In this article, we'll explore the key steps to effectively manage pest control on y...

6 Things to Know About Lease Renewals

Record numbers of people are moving to Utah, with 60,000 just last year. As the population grows, the demand for rental properties continues to rise, making lease renewals a crucial consideration for property owners.Property managers can capitalize on this opportunity. Whether you're a seasoned landlord or just starting, there's always an e...

Breaking Down the Figures: How Much Does a Property Manager Cost in Utah?

Owning a rental property in Utah can be a lucrative investment, but it also comes with a significant responsibility—managing the property and its tenants. Many property owners find it beneficial to hire a professional property manager to handle the day-to-day operations, maintenance, tenant interactions, and rent collection. However, before e...

Streamlining Rent Collection: 5 Grounds for Choosing Property Management Software

In today's fast-paced digital world, technological advancements have revolutionized the way we handle everyday tasks, and property management is no exception. One particular area that has experienced a significant transformation is rent collection. With over 70% of renters expressing a preference for online payment methods, the shift away from ...

3 Tips for Maintaining Owner Statements as a Property Manager

Were you aware that almost 35% of Utah residents rent instead of owning their homes?As a property manager, it's crucial to understand how to maintain owner statements effectively. That way, you can avoid costly mistakes or even legal trouble.Do you feel in over your head? Keep reading to learn about three valuable tips to organize owner stateme...

Unraveling the Rising Tide: Understanding Why Rent is Going Up in Utah

Utah's picturesque landscapes, strong economy, and a growing job market have made it an attractive destination for many individuals and families. However, as the state's population continues to surge, a significant challenge has emerged - the soaring cost of rent. In this blog post, we delve into the factors contributing to the steady rise ...

Unlocking Benefits: The Significance of a Dedicated Bank Account for Your Rental Property in Utah

Managing rental properties in Utah can be a lucrative venture, but it comes with its fair share of challenges. From handling rent payments to tracking expenses and taxes, there's a lot to keep track of. One powerful tool that can simplify your rental property management journey is having a separate bank account dedicated solely to your rental a...

Exploring the Different Types of Rental Leasing Agreements

A recent study found that individuals own 41% of rental properties. If you're a first-time landlord, you may have questions regarding rental leasing agreements. Sadly, many first-time landlords choose the wrong agreement for their property goals.To help you avoid this mistake, we've found everything you need to know about the different type...

6 Effective Strategies to Reduce Maintenance Costs for Your Utah Properties

As a property management company in Salt Lake City, Utah, we understand the importance of maintaining properties while keeping costs in check. Balancing the need for quality maintenance with cost-effectiveness is a constant challenge for property owners and managers alike. In this article, we will present six practical and effective ways to reduce ...

The License Conundrum: Do Property Managers Need to be Licensed in Utah?

Property management is a vital aspect of the real estate industry, ensuring that properties are efficiently maintained and managed for both owners and tenants. If you are a property owner in Utah or are considering entering the property management business in the state, you may have wondered whether property managers need to be licensed. Under...

7 Ways to Improve Energy Efficiency in Your Utah Rental Property

As a property management company in Salt Lake City, Utah, Wolfnest is committed to helping our clients make their rental properties more energy-efficient. Not only does improving energy efficiency benefit the environment, but it also leads to substantial cost savings for both landlords and tenants. Below are seven practical and effective ways to en...

3 Things to Know About Effective Leasing Management for Property Managers

Were you aware that Salt Lake City has the second-highest number of renters in the state?With over half of the residents renting, you could earn even more profit from your properties. That's where leasing management comes in. This is what can boost the success of property managers in Salt Lake City.Would you like a scoop on the most effective l...

Enhancing Your Utah Rental Property: The Value of Investing in Landscaping

When it comes to managing rental properties in Utah, one aspect that is often overlooked but can significantly impact tenant satisfaction and property value is landscaping. A well-maintained outdoor space not only enhances the curb appeal but also creates a welcoming environment for tenants. Below are various reasons why investing in landscaping fo...

3 Benefits of Hiring a Full Service Property Management Company

About seven in 10 rental properties are owned by individuals. More landlords feel unable to meet obligations due to the falloff in rent payments. You don't have to experience the same stress as a property owner in Salt Lake City, Utah, though.Instead, consider hiring a full service property management company this year. With help, you can make ...

3 Things to Know About Eviction Protection in Salt Lake City

Can you believe there's been a recent surge in Utah rent costs?This trend can make it quite difficult for your tenants to pay what they owe. What you can't do is evict someone at the drop of a hat.Are you wondering why not? Eviction protection laws vary depending on the jurisdiction and state. In Salt Lake City, there have been some recent ...

3 Tips for Getting Started with Property Marketing

About 65% of businesses say their top marketing challenges include generating website traffic and quality leads. Without a strong strategy, you won't generate leads and tenants for your properties. Before competing properties reach those tenants in Salt Lake City, Utah, use these property marketing tips.With effective marketing for properties, ...

Understanding CARES Act Notices and Serving Requirements: A Guide for Landlords

COVID-19 brought about several changes in the United States, including the introduction of the CARES Act, which aimed to provide relief to renters affected by the crisis. Although the pandemic is now over, the CARES Act remains in effect, requiring landlords and Utah property management companies to follow specific guidelines when serving 3-day pay...

How Does the Lease Renewal Process Work?

The housing crisis has prevented families across the United States from getting a place they can call their own. And nowhere is this problem more apparent than in Utah.That's why every Utahn's best friend is a lease renewal. It means they have at least another year of secure housing and won't have to move back in with their in-laws. Tha...

Handling Noise Complaints in Salt Lake City: A Guide for Landlords

With the exception of heavy sleepers, most people don't need much to wake them up. One single loud noise is all it takes to interrupt you from getting Zs. Even white noise while sleeping needs to be below a certain decibel level.That means, unfortunately, that just a couple noisy tenants can ruin a good night's sleep for everyone. Don't...

Charging Tenants for Carpet or Vinyl Replacement: What Landlords Need to Know

In a recent development, the federal government has revised its guidelines pertaining to the expected lifespan of carpet and vinyl/laminate flooring. This update brings about important changes that landlords in Utah should be aware of to ensure compliance and fair practices when billing a tenant for damage. The previous approach involved pro-rating...

How Can You Conduct a Tenant Background Check?

Did you know that over 44 million households rent in the United States? Whether people rent because they are saving for a home or just want somewhere temporary, it is important to get the best tenants if you rent out your property.Have you ever wondered how to conduct a tenant background check while you are finding tenants? Here are some steps to t...

A Comprehensive Guide to Performing a Routine Inspection at Your Rental Property in Utah

Conducting regular property inspections are an essential part of being a responsible Utah landlord. They help ensure the condition, maintenance, and overall satisfaction of your rental. Below is a guide to effectively perform an inspection at your investment property in Utah:Step 1: Prepare for the Inspection Before beginning the inspection process...

Tips for Renting Through a Rent By Owner Exchange

Ever felt like you're trapped in the middle of a rent-by-owner maze? You're not alone. But don't fret, because we're here to help.In this article, we'll share some valuable tips for renting through a for rent by owner exchange in Salt Lake City, Utah. We'll cover the benefits of renting by owner, how to find and manage a ren...

3 Things to Know About Rental Property Accounting

Ever felt like you're drowning in a sea of numbers and receipts? Rental property accounting in Salt Lake City, Utah can feel like a never-ending battle against chaos. But guess what? It doesn't have to be that way.In this article, we'll break down three essential things you need to know about rental property accounting, so you can conqu...

How to Post Notice on your Tenant in Utah

If you own an investment property in Utah, chances are that you might need to post notice on your renter at some point during their tenancy. A notice can be used to inform the resident of a variety of things, such as lease violations, non-payment of rent, or the requirement to vacate at the end of the lease term. Here are the typical steps that a l...

3 Things to Know About Lease Enforcement in Salt Lake City, UT

Between 2019 and 2022, Salt Lake City saw the third-highest rent increase in the nation, with rents soaring by 24.6%. This is great news for landlords wanting to make more money, but it's not so good for tenants struggling to make ends meet.If you're a Salt Lake City landlord, the time may come when one or more of your tenants can't mee...

How Landlords Can Optimize Tenant Placement

Were you aware that around 36% of Americans choose to rent instead of buy property?If you're interested in creating a robust investment portfolio, then you should consider buying a rental property. The best way that you can maximize your income is to secure high-quality tenants.Are you wondering what you can do to streamline this process or fin...

What to Do if Your Tenant Does Not Vacate On Their Lease End Date

As a landlord, it can be frustrating when a tenant fails to vacate a rental property when their lease term ends. In Utah, landlords have specific legal procedures they must follow to regain possession of the property. Here are the typical steps that a landlord might have to take if the tenant does not vacate when the lease expires: (please note - t...

3 Tips for Effective Rental Property Management

Recent statistics reveal that 34% of the people of Utah are renting. Furthermore, statistics show that the price of rent is rising. In 2021, the figures showed a 10% to 15% spike in the rent price in Utah.The leading cause for the sudden rise in rent is that demand for rental properties currently exceeds supply.It is a spectacular time to invest in...

How to Process a Deposit Disposition in Utah

Processing a deposit disposition for a rental property can be a complicated and stressful process for both landlords and tenants. In Utah, there are specific laws and regulations that govern how landlords must handle security deposits, including how to process a deposit disposition when a tenant moves out.Below is a step-by-step guide to help landl...

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?The following are the best maintenance tips we can give you, and suggest...

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 lease agreement.However, there are steps you can take as a landlord t...

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 tools to keep track of both owner and tenant accounting needs accurately a...

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 would you pick either?Below, we run through a few of the things you might ...

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 retirement plan is the key to a better life. If you already have a 401...

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. Leasing a home may seem like a daunting task, but it can be a smart fi...

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 process.This includes setting expectations with tenants, establishing a...

9 Amenities That Will Attract Renters To Your Utah Property

As a Utah landlord, you are probably constantly searching for ways to attract high quality renters with the least amount of vacancy possible. With that said, have you ever wondered why a tenant will choose to live at one property over another? To answer that question, you have to understand what is most important to a renter. Competitively priced p...

A Tenant Screening Guide for Landlords in Utah

Can you believe that as many as 40 million Americans move every year?Since a large portion of the population rents, this means that rental property owners have plenty of opportunities to fill any vacancies. If you want to earn as much money from your rental property, then accepting the best applications will work wonders for your business.Would you...

The Four Types of Property Managers Landlords Can Hire

When you think of the answer to the question “what is a property manager?”, you might believe that it is pretty simple —someone who looks after your asset on your behalf. However, as you dig deeper, you'll realize that property management is far from a commodity. With distinct services and varying pricing structures, there are...

This Is How to Be a Good Landlord in Salt Lake City

Can you believe that there are up to 11 million landlords throughout America?While there are plenty of landlord careers out there, it's important to understand that the general population tends to have a negative outlook on this profession. This is why you need to run your business with integrity so you can maintain a respectable reputation wit...

Charging Below Market Rent: Here’s what Utah Landlords Can Do

Rental rates can fluctuate in the short term, due to many economic variables; however, over a long period of time, they will almost always increase. This means that you are probably leaving money on the table if you never modify the rent amount for your property and may end up costing you more in the long run than a vacancy.If you are charging a be...

How to Manage a Rental Property in Utah: Pro Tips for First-Time Landlords

Becoming a landlord in Utah can be challenging, particularly when you are just starting. You might be unsure where to begin with many things calling for your attention. Running a Utah rental property involves several considerations, including finding and screening tenants, drafting and adhering to a lease agreement, keeping your rental in good...

How a Property Management Company Can Help With Maintenance

Do you have a lot of rental units or properties?Investing in property and becoming a landlord can be a great form of passive income. While cash flow will start slow, it will pick up with good management. However, not all property owners have the time for hands-on property management.You may have a different day job or don't live near your renta...

5 Tips To Help You Price Your Rental Apartment

According to the Census Bureau, there are around 20 million rental properties in the U.S.As of 2022, the real estate market has never been so competitive. Every year more homes are built and rented out to the public. So, you must price your rental apartment correctly to stand out from your rivals.Determining the price of a home can be challeng...

What to Do if Your Tenant Does Not Pay Their Rent

The Beehive State is up for rent! Nearly 30% of Utah households rent their homes. The median monthly cost for renters is almost $1,100, so you may be able to make your income completely off of your tenants. Yet collecting rent is rarely easy. You should expect to have a tenant fail to pay the rent on time. But you can overcome that hurdle if y...

5 Things Every Property Investor Should Know About Property Management

Private individuals own nearly 72% of rental properties in this country. Corporate investment firms own most of the rest. Whether you're an individual property investor or a corporate firm, you should consider hiring a property manager for help. Managing rental properties is a demanding job. Unfortunately, it's also overwhelming a...

Should You Allow Pets in Your Rental Property?

Today, 70% of US households have a pet. This means it's very likely that the tenants you come across will want to bring their furry companions.Many landlords are hesitant to allow pets on their rental properties though, as there's a common belief that they'll cause costly damages. But if you're about to restrict pets on yours, you s...

What to Do When Your Tenant’s Lease Is Up

Did you know that apartment inventory is higher between May and September because of the significant turnover of leases and people moving during these months? Regardless of the time of year you move, you should start your search in the middle of the month before you need to move.As a landlord, when your tenant's lease is up, you want to try to ...

Why You Should Consider Partnering With a Real Estate Management Firm

Just in the U.S., there are around 20 million rental properties. Beyond that, individual investors own a majority of those properties.Some of the owners set out with a specific intention of buying up rental real estate. Yet, more than a few inherited properties or held on to a property when they moved for a job. Rather than simply selling off the p...

Regular Rental Property Inspections: Why It Is Important For Utah Landlords

A residential property needs to be maintained to ensure its longevity and value. Most landlords in the rental housing market don't reside on the premises; therefore, they rely on the renters to keep their Salt Lake City investment property in good condition.To ensure a tenant is maintaining the condition of the rental property, it's crucial...

Real Estate Inspections: 5 Things To Keep In Mind

According to Bankrate.com, real estate remains one of America's favorite investment assets. Their recent survey revealed that 28% of Americans prefer this investment method to generate wealth. Real estate investing can provide several benefits to investors. However, there's one thing that must occur first. Investors must ensure the pro...

How to Handle Tenants With Support Animals

In 2021, the U.S. Department of Transportation ruled that airlines can prohibit Emotional Support Animals (or, ESAs) in airplane cabins. But, service dogs are still allowed to accompany passengers with disabilities. The ruling ended a conflict that has gone on for years. High-profile cases of ESA attacks on flights made headlines. At the same ...

Pets in a Rental Property: A Discussion Over the Pros and Cons

Renting to pet owners can be a difficult decision for a landlord to make. There are certainly pros and cons to both sides of it, but it can affect a large number of people. About 90 million American families own a pet. With such a large percentage of Americans owning pets, do you allow pets in a rental property? Here are the pros and cons...

Property Co-Ownership Agreements: Everything Utah Landlords Need to Know.

Purchasing a home in Utah can be difficult, particularly if you just have one source of income. But that does not imply you should not consider other options for becoming a property owner. Buying investment property in Utah with a co-owner makes sense for a variety of reasons. Marriage is the most commonly cited reason for joint or co-ownershi...

The Importance of a Thorough Tenant Background Check

As the housing market becomes more volatile, more and more Americans look to rental properties. Property management reports even share than 35% of Americans are living in rental units. It is important for landlords and property managers to establish an effective vetting process for potential tenants.The housing market really puts property managers ...

Utah Landlord's Guide: Tips for Writing a Proof of Residency Letter

Utah tenants may need you to confirm a number of different aspects of their residency while renting from you. One of the simplest things a renter might ask for is a letter of proof of residency, which verifies that the tenant actually resides at your Salt Lake City property.Consider a situation where your tenants are parents who must provide eviden...

Top Rent Collection Mistakes That New Landlords Make

Over one-third of all residents in the United States are renting their homes rather than buying, and that is a lot of rent collection.This is also a lot of opportunity for mistakes to occur in the collection process, and the possibility of more bureaucracy than is necessary. So, do you know what the different rent collection myths and mistakes are ...

What Is Tenant Screening and How Much Does It Cost?

Tenant screening is a powerful force in renting, with 14% of applications rejected through the screening process alone. This shows that it is catching many people who would not be a good fit as a tenant. But if you are a new landlord where do you learn more about how to do this?Below we have created a short tenant screening guide. In this document,...

Common Property Management Myths That You Should Know

There's no denying that owning a rental property in Salt Lake City, Utah, is a sensible investment. After all, the state recently recorded some of the highest rents in America. That's great news for rental property owners.However, unless you're a property management expert, you're likely not getting all you can out of your rental.Ma...

6 Ways Utah Landlords Can Optimize Outdoor Space to Improve Property Value and Attract More Tenants

It doesn't matter if you've recently moved into your apartment or want to improve your outdoor area's aesthetics; now is the time to put your patio or balcony in good condition.Home improvement is one effective strategy for property managers or Salt Lake City landlords to maximize property resales and rental value.It has been ...

Rental Security Deposits: How Much is Too Much?

Successful property investors take the right measures to protect their rental units.One way you can do this is to have your new tenants pay security deposits when they move in, which protects your finances in the event of tenant-caused damage. In fact, one-quarter of all renters in the US don't get their security deposit back due to t...

Why You Should (Or Shouldn’t) Run a Tenant Criminal Background Check

It might be surprising to learn that approximately 1 in 3 Americans have a criminal record. Many people have minor crimes from years ago, but others have serious charges that might not be from long ago.As a rental property owner, you have the right to check someone's background to see if they have a criminal record. However, many landlords aren...

The Benefits of Real Estate Asset Management

Did you know the real estate asset management and consulting industry is worth over $78 billion?With such a big industry, it can be hard to understand where you should start. It might even feel so overwhelming that you miss the point of getting involved in the first place. Luckily, we're here to help you avoid that overwhelm altogether.Read on ...

Landlords: Should You Include Support Animals in Your Lease

In 2020, the US Department of Housing issued updated rules regarding emotional support animals (ESAs). Do your current policies comply with these new rules?An ESA is a pet that provides therapeutic benefits to its owner, who must have a letter from a licensed mental health professional documenting the animal's role.Including a support animal cl...

What’s the Average Security Deposit Amount in Utah

In 2021 statistics showed that over 300,000 rental households in Utah. With house prices on the rise, it's no surprise more people are looking to rent each year. If you're an owner or real estate investor, you'll need to know how much money to charge to a tenant moving into your property. So how much is a security deposit? Rea...

Utah Eviction Law: What You Need to Know

The eviction process can be a scary thing for a tenant to have to face, especially if they do not know where else they can live. However, having a tenant that cannot pay rent can financially cripple and potentially ruin you the landlord. Typically, there are about 865,000 eviction cases filed every year. But, evictions during the pandemic were...

Does a Property Management Company Take Care of All Property Maintenance?

Are you a landlord or landlady in Salt Lake City, Utah? Have you considered hiring a property management company? Their services help shoulder the responsibility of your investment property. But not all of them are equal. If you want one with all the bells and whistles, like property maintenance, you need to understand the difference in servic...

How Much Property Should I Have to Talk With a Property Management Company?

More than 43 million households in the United States are renting today. If you're a person interested in beefing up your real estate portfolio, it's not something that you have to do alone. Property managers make life easier for investors like you and have an entire team at their disposal. When should I talk with a property m...

Benefits of Having a Third Party Handle Your Tenant Screening

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 organize interviews and difficult to tell who will be g...

3 Reasons Why Security Deposits Are Important

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 widely from state to state, but most will be equal to about a month&#...

Property Marketing: 4 Easy Ways to Market Your Rental Property

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 landlord's success or failure is largely determined by his or her...

How to Handle Lease Renewals for Existing Tenants

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 lease enforcement and property management needs. With demand higher th...

3 Property Maintenance Tips for New Landlords in Salt Lake City

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 maintenance tips for new landlords in Salt Lake City.1. Market Your Pro...

The Complete Guide to Improving Tenant Retention for Landlords

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 to retain your highest quality tenants?The most successful landlords ...

Common Rental Property Inspection Mistakes and How to Avoid Them

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, though? Tenants come and go, and even if you put in the due diligence, you...

Top 5 Signs It's Time to Hire a Property Manager

Imagine this: you have 10 real estate investment properties in your portfolio and you've been managing okay until now. But now it feels like a chore every time you have to go to a property in the middle of the night to fix a leaking toilet or to help with a locked-out tenant.If you wish there were another way to manage all your rental propertie...

Rental Property Tax: Your Ultimate Guide

Tax time has a way of slashing your hopes for smooth and stress-free passive rental income. Even if you do everything by the book, there's still a lingering feeling of anxiety that comes each year. What if you miss something? What if you made a mistake that will come back around to bite you? These fears ease up when you have a better under...

Renters Insurance With Pet Coverage: What You’re Allowed to Require

According to a recent study, about 85 million American families own some kind of pet. So if If you're a landlord who is renting out one or possibly multiple properties, chances are at least one of your renters will have a pet. So should you require renters insurance with pet coverage as a lease condition?Renter's insurance with pet coverage...

Pets in Rental Apartments: Should You Allow Them?

Almost 70% of US households have a pet. That statistic is from before the pandemic, so we're willing to bet the figure is even higher now.Those are a lot of furry friends! Around 40% of Americans rent instead of own, so it's likely that the people applying to your properties have a pet.This begs the question, should you allow pets in a rent...

Security Deposit Receipt: What You’re Required to Provide

There are more than 20 million rental properties in this country, which means a lot of people rent instead of owning homes. If you're a landlord, this is good news because it means that you'll always have people contacting you for rental properties. As a landlord, you're entitled to require security deposits when new tenants m...

The Ultimate Guide to Tenant Placement

Did you know that there are over a million vacant rental units in the United States? The vacancy rate is currently high, and it’s expected to remain this way for several years.In case you are thinking of real estate investing, tenant placement services can be very helpful. They will help you find tenants who are willing to rent a home for a f...

Landlord Rescue: What Is It and How Does It Work?

Real estate investing is a lucrative business. As we've learned over the past two years, it also comes with unforeseen risks.The COVID-19 pandemic disrupted lives in more ways than one. Part of the government's relief package was a lengthy moratorium on evictions. Landlords and property management companies had their hands tied when it came...

Top 4 Tips for Choosing a Full Service Property Management Company

Apartment rentals soared to new heights in November last year!If you are looking to capitalize on this boom, but want to maximize your time then getting a professional to take care of your property for you, is a wise choice. A good full service property management company can help to find new tenants for you and assist you with taking care of your ...

How Important Is Tenant Screening? Very, and Here’s Why

Whether you're a property owner, a real estate investor, or part of a REIT (Real Estate Investment Trust), you'll want to rent to the right people. Otherwise, your property could be put at risk for damage, nonpayment of rent, and other serious issues.Stop problems before they start with thorough tenant screening. This process will help...

5 Tenant Screening Questions to Include in Your Interview Process

So it's time for you to start taking applications for your rental property. You want to make sure that you get the best tenants possible, right? That means that you have to go through the tenant screening process.But what should you ask prospective tenants before you accept their applications? We have a few helpful tenant screening questions th...

Screening Tenants: How to Design Your Tenant Application Process

Nobody wants troublesome tenants on their property, and the key to preventing this from happening to you is understanding how to screen tenants. The tenant application process becomes an important funnel that you can create to select the best candidates for your property investment.The question is, how do you design a successful tenant screening pr...

Your Rental Property Guide: How to Understand the Occupancy Rate

If you're a landlord, whether you're aware of it or not, your occupancy rate is one of the most important metrics used to measure your success. Of course, you know that the more tenants you have—and the longer you have them—the better things are for business. But there's a little more to occupancy and vacancy rates than only...

Tenant Damage vs Wear & Tear in Utah

"Wear and tear" is one of those landlord law phrases that is sometimes difficult to define. It is one of the leading causes of security deposit disputes in Utah simply because it is so vague.A majority of states including Utah have individual versions of this landlord law, each with different wording. This is not an issue for you as a Uta...

Choosing the Best Method For Rent Collection

Does collecting rent every month feel like a burden? As a property owner, your income relies on collecting rent every month. Thankfully, there are several rent collection options available today that save you time and don't require you to bang down doors.With so many rent collection services available to property managers, the challenge is simp...

Benefit of Letting a Property Management Company Do the Busy Work

Is your property investment turning into an energy vampire?While it's often called a passive income, real estate investing can be a full-time job and rob you of the time that you have so carefully carved out for yourself. Between tenant issues, maintenance, leases, and those untimely emergencies, you may find yourself time-poor and frustrated.P...

Pros and Cons of Allowing Pets in a Rental Property

Did you know that around 38% of households in the US have at least one dog? That means over a third of the country is committed to a furry companion. For better or worse, pets are something to consider in rental property management.While pets are great for companionship, they can also wreak havoc on property. Pet owners constitute a large portion o...

Best Way to Oversee an Eviction

If you've got a problem tenant, the best course of action is to go through with an eviction.There are many perks to owning a rental property, but having to evict a tenant isn't one of them. Not only can it be awkward but chances are, if you're at the point of eviction, you've gone through a lot with this problematic tenant to get th...

Becoming a DIY Utah Landlord

For new Utah DIY landlords, how complicated is the process surrounding permits or licenses?One upside to being a Utah DIY landlord is that there are far less barriers to entry than other fields. For instance, if you own the property, such as a single family home, and rent it out yourself, you do not need to be a licensed Utah real estate broker or ...

Utah Landlord Laws & Rights

What Exactly Are Utah Landlord Laws?Utah landlord laws are a set of legal clauses that state your rights and duties as a landlord. Usually, these rules may be changed to line up with the landlord's needs, but it is important to recognize that according to fair-housing laws in Utah, the tenant must also have their benefits noted in the lease agr...

5 Helpful Tips For New Property Managers

Last year, the median sales price for rental properties in Salt Lake County was around $475,000. Whether you partner with someone or do it alone, real estate investing has significant rewards. Yet, successful property management requires much time and effort.If you handle property management in the right manner, you are sure to meet financial freed...

Should You Become a Section 8 Landlord?

Landlords who provide section 8 housing in Salt Lake City can earn good money. Tenants who rely on the government program are generally easy to find, and the backing of the federal government can make section 8 housing a reliable source of income.If you are looking for landlord advice on this popular government program, we will overview the pr...

How to Choose the Best Tenants For Your Rentals

Many of the most common issues that landlords face are down to choosing the wrong tenants. Problems such as damage to your property, missed payments, and neighbor complaints could all be avoided by finding the right tenants from the outset. The trouble is it's not always so easy to find the right people for your rental property.Read o...

Allowing Pets in a Rental Property: Should You Do It?

Did you know that about two-thirds of all households in the US own a pet? While dogs and cats are the most popular choice for most Americans, pet owners go for everything from birds to fish to exotic animals.Despite a large number of pet owners in the US, finding a place to live that will accommodate pets can be a challenge. If you own rental prope...

A Guide to Help You Understand Section 8 as a Salt Lake City Landlord

Are you a real estate investor in Salt Lake City, Utah? Does Section 8 of the Fair Housing Law keep you awake at night?The vacancy rate in Salt Lake City was 5.7% in 2019. Understanding what that means to you and your rental property investment is essential.Here's a helpful guide to help you understand Section 8 as a la...

Support Animal vs Service Animal: The Laws for Utah Landlords

Not every pet is a pet. A 2018 meta-analysis of 17 studies finds that support animals help people with diagnosed mental health conditions. Support animals will become more popular with time. But this makes managing a property a little more complicated. What is the support animal vs service animal debate? What are the federal laws that gov...

The Benefits of Using Tenant Placement Services

There's no question about it—finding tenants is one of the hardest things a landlord has to do.It's up there with finding and preparing the unit, doing routine maintenance, and other miscellaneous hassles. Of course, the benefits far outweigh the risks, which is why we continue to invest, but still—there's no denying that fi...

Top 5 Rental Property Renovations to Make for Landlords

Are you a landlord considering ways to make your rental property stand out from others on the market in Salt Lake City, Utah? Being a landlord can be tough work but it can also be a source of extra revenue streams.There are more than 100 million tenants in the United States! The sheer number of renters in the market means that you need your propert...

The Tenant Screening Checklist Every Landlord Should Have

As a landlord, one of your biggest tasks and challenges will be finding tenants for your property. Not only do you want to find tenants, but you also want to find good quality tenants that will make your job as easy as possible. For many reasons, this isn't always easy.How can you find tenants you can be sure will pay their rent on time, not br...

Top 5 Factors to Consider When Hiring Property Managers

Are you a property owner looking for a property manager for your rental unit in Salt Lake City, Utah? Whether you have a residential or a commercial property, finding the right tenants and keeping the place spotless is hard work.Luckily, by hiring a property manager, you're investing in the longevity of your property and improving your ROI. Fro...

A Landlord's Guide to the Eviction Process

Being a landlord isn't always fun; sometimes, it can be heartbreaking. Nobody looks forward to evictions — they're bad for both the property owner and the tenant.Property managers need to spend time in court while the tenant has a huge red mark against them on their records. Evicting tenants takes time, and can follow people for a whi...

The Benefits of Renting to Tenants With Pets

Chances are you're wary of allowing pets in a rental property. They have the potential to damage the property or annoy the neighbors, which can be discouraging. However, there are plenty of benefits to allowing pets. Opening your property to pets can improve the quality of your renters, keep your units full longer, and even increase your i...

A Quick Guide For Accidental Landlords in Salt Lake City

The ratio of people who set out with a goal and those who arrive by happenstance feels one to one. You are as likely to work with someone who chose that job as someone who 'lucked into it' or 'fell into it'. Understanding this general pattern is key to understanding the term 'accidental landlord'. It isn't as if you...

Are You Screening Tenants the Wrong Way?

Millions of tenants are evicted every year, resulting in lost profits and complications for landlords. If you want to get the most out of your property investment, you need to pick the right tenants. Despite the importance of screening tenants, many landlords make fundamental mistakes. This article lists some of the steps you need to take...

5 Expert Tips on Finding Tenants Easily

Being a rental property owner is hard work. Not only are you responsible for keeping the building in good shape, but you're also responsible for finding tenants to live there. Many landlords miss out on good tenants because they make fundamental mistakes when listing the property. So how exactly do you list a property without putting peopl...

5 Things You Need to Know About Salt Lake City Property Management

Utah legislation says that the owner of a property should protect the health and safety of their tenants. Failure to meet this or other standards can result in fines or invite lawsuits.If you're unsure how to stay in compliance, hiring a Salt Lake City property management company can prevent legal troubles. But do you need to know how to f...

Real Estate Marketing: How to Market Your Property for Rent

The real estate market is hot right now with prices soaring and homes selling quickly. For many Americans, that means stepping back from the buying process and focusing on renting for the next few years, until things stabilize. So, if you own a rental property, there's never been a better time to focus more on rental property marketin...

Rent Collection 101: What Are the Different Methods for Collecting Rent and Which Should You Choose?

Rent collection is one of the most tedious, yet gratifying, parts of being a landlord.Every month, you collect on passive income that you can then, re-invest into your real estate investment portfolio and grow your wealth. It's your payday.However, rent collection doesn't always go as planned. To avoid late rent and messy court cases, it is...

6 Things All Landlords Should Know About Property Maintenance

Are you a new landlord? There's a thing or two you need to know about property maintenance.When you're a landlord, the responsibility falls on your to maintain the property to the best of your abilities. That could mean making repairs when a tenant needs them, ensuring that the sidewalks and lawn are well looked after, or finding new tenant...

What Options Do I Have If My Tenant is Breaking a Lease Agreement?

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 their bargain. A new job, ...

Questions to Ask a Property Manager Before Hiring In Utah

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 choice, ...

How to Find Renters in Utah

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 experiences fluctuating market demand...

What is the Cost of Property Management in Utah?

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...

How To Maximize Tenant Retention

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 ...

How to Choose The Right Tenant For Your Rentals

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 can’t give preference to a ...

How to Deal with Difficult Tenants

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 happe...

10 Tips for First-Time Landlords Who Want Better Relationships With Tenants

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 nee...

Things to Consider When Renting Out Your Property

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 want in the lease? Before you decide to go for it ...

Landlord Insurance Tips That Can Save You Money On Your Rental Property

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 if anything...

How to Maximize Property Management Cost Savings

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 paying for pr...

What to Do If Your Property is Being Used in a Rental Scam

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 wo...

7 Security Deposit Tips for Landlords From Utah Property Managers

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 unit they rented. This all sounds pretty simple,...

Property Management Fees: What to Expect

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, but sim...

The Eviction Process in Utah: 6 Costs to Consider

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 reality is it mig...

How a Residential Property Management Company Finds the Best Tenants

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, findi...

Tenant Screening: 4 Steps Every Property Manager Should Complete

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...

Is Your Utah Lease Agreement Strong Enough?

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 experience. The...

The True Cost of Tenant Turnover

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 directly affects your cash flow, and it’s imp...

Why Every Landlord Should Charge Rental Application Fees

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 no...

Remodeling Your Rental Property in Utah

“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...

5 Essential Qualities of a Rental Property Management Company

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 they risk l...

5 Questions for Your Property Manager

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 ManagerBefore you begin your journey o...

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 ...

Tips for New Rental Property Owners – Part 1

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 with rental properties. So what ar...

Tips for Marketing Your Vacancies on the Web

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 your go to spot for finding quality tenant...

How Should I Choose Between Multiple Qualified Applicants?

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 to comp...

Rental Advertising Tips for your Utah Rental

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 written ad copy and strong ...

How to Market my Utah Rental Property?

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 tips that will help you find the right tenant and start coveri...

Is it Time to Hire a Property Management Company?

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 that it is time to hire a property manager:How ...

How Often Should You Inspect Your Utah Rental Property?

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 you don’t want to go to court. Furthermore,...

Why the Cheapest Utah Property Management Company is Rarely the Best

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. This can lead to owners feeling like pro...

Why Owners Should Allow Pets in their Rental Properties

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 opportunity that more owners should take advant...

Tips for Handling Problems with Your Rental

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...

Why Should I Hire a Property Management Company?

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 their weight in gold and s...

Is Your Property Management Company Doing Their Job?

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 decision ma...

How to Verify Employment and Income for Tenants in Utah

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 si...

Utah Maintenance Quick-tips Part 1

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 drain?If a drain is running slo...

Utah Maintenance Quick-tips Part 2

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 find the circuit breaker box in the house and loc...

5 Questions to Answer Before Managing your Own Rental Property

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 sure you include major items such as work, family and parental ...

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