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 ma...
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What to Do If Your Property is Being Used in a Rental Scam
By Daniel Robertson Monday, October 21, 2019
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...
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7 Security Deposit Tips for Landlords From Utah Property Managers
By Daniel Robertson Monday, October 21, 2019
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 ...
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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. Whil...
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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 evictio...
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How a Residential Property Management Company Finds the Best Tenants
By Daniel Robertson Monday, October 7, 2019
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 handl...
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Tenant Screening: 4 Steps Every Property Manager Should Complete
By Daniel Robertson Wednesday, August 14, 2019
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 p...
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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 wha...
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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...
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Why Every Landlord Should Charge Rental Application Fees
By Daniel Robertson Tuesday, April 9, 2019
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 r...
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