Resources
Posted by jellis on Sep 07, 2020 in Owner Resource Articles, Tenant Resource Articles, Uncategorized
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 […]
Posted by jellis on Aug 31, 2020 in Owner Resource Articles
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 […]
Posted by jellis on Jul 30, 2020 in General Resource Articles, Owner Resource Articles, Tenant Resource Articles
Getting new clients isn’t very easy and each month your property stays vacant is a month you’ve lost income. Did you know improving your tenant retention rates by approximately 5% increases your profits by between 25%-95%? Crazy, right? But how does a landlord or property owner make their tenants more inclined to stay in their […]
Posted by jellis on May 15, 2020 in General Resource Articles, Owner Resource Articles
A positive landlord-tenant relationship can reduce many of the problems associated with property management. Tenants who maintain positive relations with their landlord throughout their tenancy are more likely to renew contracts and pay rent on time. Whether you’re a first-time landlord or a seasoned expert, all landlords need a guide to renting their multifamily housing […]
Posted by jellis on Apr 20, 2020 in General Resource Articles, Owner Resource Articles
Posted by jellis on Feb 25, 2020 in General Resource Articles, Owner Resource Articles
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 […]
Posted by jellis on Feb 01, 2020 in Owner Resource Articles
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 […]
Posted by jellis on Oct 22, 2019 in General Resource Articles, Owner Resource Articles
Posted by jellis on Oct 22, 2019 in General Resource Articles, Owner Resource Articles, Tenant Resource Articles
Owning, maintaining, and managing an apartment can be an overwhelming task, especially when it isn’t your full-time job. In addition to property upkeep, collecting rent, and finding the right tenants, there’s an additional factor you need to keep in mind: rental scams. If you’ve managed your property for years, you may be wondering, “What is […]
Posted by jellis on Oct 17, 2019 in General Resource Articles, Owner Resource Articles
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 […]
Posted by jellis on Oct 17, 2019 in Owner Resource Articles
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, […]
Posted by jellis on Oct 08, 2019 in Owner Resource Articles
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, […]
Posted by jellis on Aug 15, 2019 in Owner Resource Articles
Screening tenants for a rental property is a crucial responsibility for any rental property manager. So, when interviewing property management firms to decide who will take the best care of your rental, make sure you inquire about their tenant screening process. Taking the time to thoroughly investigate the creditworthiness and rental history of prospective tenants […]
Posted by jellis on Aug 07, 2019 in Owner Resource Articles
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 […]
Posted by jellis on May 24, 2019 in Owner Resource Articles
Posted by jellis on May 23, 2019 in Owner Resource Articles
Succeeding in the property management industry in Utah can be difficult due to the many competitors. In order to stand out from the competition, we here at Wolfnest have to make sure both landlords and renters can find our business online. Not only do we have to ensure that our website is simple and easy […]
Posted by jellis on Apr 10, 2019 in General Resource Articles, Owner Resource Articles
Once thought to be a tool to price-gouge future residents, rental application fees have actually proven their worth. In 2006, Utah’s Rent Control Prohibition Act was amended to add a list of fees that are set by the market and cannot be regulated or prohibited by the local government. To renters and non-landlords, this change […]
Posted by jellis on Mar 28, 2019 in Owner Resource Articles
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 […]
Posted by jellis on Mar 28, 2019 in Owner Resource Articles
“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 […]
Posted by jellis on Jan 16, 2019 in Owner Resource Articles
Finding a good property manager is a difficult task, but it may be one of the most important decisions that you will make after purchasing your rental property. Renting a property can be a significant investment, so you want to hire someone that you can trust completely. Responsibilities of a Property Manager Before you begin […]
Posted by firetoss on Sep 12, 2014 in Owner Resource Articles
First time investor | What you need to know about real estate investment Real estate property management is a huge responsibility to take on, and can be overwhelming if you’re new to investing. When you invest into real estate, your goal is to put money to work today and make it grow so you have […]
Posted by jellis on Jun 24, 2014 in General Resource Articles, Owner Resource Articles, Tenant Resource Articles
Posted by jellis on Jun 17, 2014 in General Resource Articles, Owner Resource Articles
What is a Property Managers’ Responsibility? You may have heard of a property manager, but do you know what it is that they do. A property manager is a third party who is hired to handle the daily operations and upkeep of a real estate investment. They manage all kinds of properties, for homes to […]
Posted by jellis on Jun 10, 2014 in General Resource Articles, Owner Resource Articles
Can Ugly Properties Be Profitable? You might find your self in a situation where you find a property that is affordable, but the location and the property is ugly what do you do? Here are some questions to ask your self first: Is the property located in an unstable area that will depreciate in value […]
Posted by jellis on Apr 02, 2014 in General Resource Articles, Owner Resource Articles, Tenant Resource Articles
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: […]
Posted by jellis on Mar 31, 2014 in Owner Resource Articles, Tenant Resource Articles
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 […]
Posted by jellis on Mar 28, 2014 in General Resource Articles, Owner Resource Articles, Tenant Resource Articles, Uncategorized
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 […]
Posted by jellis on Mar 24, 2014 in Owner Resource Articles
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 […]
Posted by jellis on Mar 17, 2014 in Owner Resource Articles, Tenant Resource Articles
Posted by jellis on Mar 14, 2014 in Owner Resource Articles, Tenant Resource Articles, Uncategorized
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 […]
Posted by jellis on Mar 04, 2014 in Owner Resource Articles
Posted by jellis on Mar 03, 2014 in General Resource Articles, Owner Resource Articles, Tenant Resource Articles
Why Investment Property Owners in Utah should consider refinancing through HARP? As most lenders continue to tighten mortgage requirements for investment properties, it has made it impossible for many owners to take advantage of historically low interest rates. As an investor myself, it pained me to continue to pay the mortgage on my rental property […]
Posted by jellis on Feb 27, 2014 in Owner Resource Articles, Uncategorized
Posted by jellis on Dec 14, 2013 in Owner Resource Articles
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 […]
Posted by jellis on Jan 07, 2013 in Owner Resource Articles
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. […]
Posted by jellis on Nov 09, 2012 in Owner Resource Articles
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 […]
Posted by jellis on Sep 21, 2012 in Owner Resource Articles
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 […]
Posted by jellis on Sep 18, 2012 in Owner Resource Articles
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 […]
Posted by jellis on Mar 04, 2012 in Owner Resource Articles