Real Estate and Property Management Resources

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 company. Here is everything […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

                      If you are a property manager or an owner, you want to be able to keep your tenants happy and keep them as a renter as long as possible. So how do you do this? It is fairly simple but you need to be patient […]

  Being able to keep your client(s) is a way to sustain a long term of income, but there are a few things that you have to do in order to achieve a long term retention with your clients. Here are six tips that can help you build long term relations and retain customer(s) for a longer […]

  Property Managers- How to Raise Your Fees Without Starting a Panic   Most property managers start their fees at a low rate that can range from 4-12% to bring business through the door. But they later realize that they could start charging more for their services instead. The problem is most property managers go […]

Four Reasons Why Renting Could be the Better Option There are a lot of people who don’t know whether to rent or buy a house, but here are four things to think about when considering whether buying a house or renting is right for you. 1. Less Hassle- You have a roof leak? Call the […]

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 […]

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 […]

Security Deposit tips for tenants For most renters they don’t understand how a security deposit works, following some of these steps might help you to avoid being scammed or tricked out of what is rightfully yours. 1. Don’t be afraid to negotiate Remember that a security deposits are not set in stone, they are negotiable. […]

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: […]

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 […]

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 […]

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 […]

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 simple […]