Skip to main content

Owner RESOURCES

Blog Post Self-Managing a Rental Property? What Utah Owners Should Consider

Self-Managing a Rental Property? What Utah Owners Should Consider
Key TakeawaysSelf-managing a rental involves much more than collecting rent and handling occasional repairs.Vacancy, maintenance, tenant communication, and leasing responsibilities can all affect an owner's time and income.Technology can simplify property management tasks but does not replace consistent oversight.Professional management should ...
read more
Blog Post When Does a Rental Vacancy Become Too Costly?

When Does a Rental Vacancy Become Too Costly?
Key TakeawaysA vacant rental costs more than just the rent that is not being collected.There is no universal number of days that makes a vacancy too long.Pricing, property condition, marketing, and tenant demand all influence how quickly a rental leases.Owners should review their strategy when a property receives limited inquiries or showings.A pro...
read more
Blog Post Why Single-Family Rentals Are Outperforming Multifamily in Utah

Why Single-Family Rentals Are Outperforming Multifamily in Utah
Rental owners across Utah are watching an interesting trend play out in 2026. Single-family homes are consistently outperforming apartments and other multifamily units when it comes to rent growth, and the gap between the two property types keeps widening. Wolfnest's August market update recently highlighted this shift alongside other econ...
read more
Blog Post

Why Being Rent-Ready Doesn’t Always Mean Being Market-Ready
A rental property can have fresh paint, clean floors, working appliances, and a completed maintenance checklist, yet still sit vacant longer than expected. For property owners, this can be frustrating: if the home is ready for a tenant, why isn't someone signing a lease?The answer is that being rent-ready is only one part of being market-ready....
read more
Blog Post

What Should Landlords Check After a Tenant Moves Out?
Key TakeawaysA tenant moving out is the start of an important transition period for a rental property.Landlords should carefully review the property's condition, including interior spaces, appliances, fixtures, and exterior areas.Photos and written documentation can help establish the property's condition and support decisions about repairs...
read more
Blog Post

How Fast Should a Landlord Respond to Rental Inquiries in 2026?
How Fast Should a Landlord Respond to Rental Inquiries in 2026?Key TakeawaysResponding quickly to rental inquiries can help keep prospective tenants engaged.Same-day communication should be a practical goal for landlords whenever possible.A quick response does not have to mean immediately having every answer.Clear information, convenient scheduling...
read more
Blog Post

Why Gutter Cleaning Matters for Utah Rental Property Owners
Key TakeawaysClean gutters help direct rainwater and snowmelt away from a rental property.Clogged gutters can contribute to water damage around the roof, siding, foundation, and landscaping.Utah’s changing seasons make routine gutter maintenance especially important.Preventive gutter cleaning can help landlords avoid larger and more expensive...
read more
Blog Post

Why Fast Maintenance Response Times Are Key to Tenant Retention
Key TakeawaysMaintenance response times have a direct impact on tenant satisfaction and lease renewals.Prompt communication is often just as important as completing the repair itself.Delayed maintenance can lead to larger repair costs and increased tenant turnover.Preventative maintenance helps reduce emergency repairs and improve tenant experience...
read more
Blog Post

Why Great Property Management Is About More Than Collecting Rent
Key TakeawaysEffective property management involves much more than simply collecting monthly rent payments.Strong communication, preventive maintenance, and tenant retention all impact long-term profitability.Proactive systems often reduce vacancies, emergencies, and operational stress.Good property management helps protect property value while imp...
read more
Blog Post

Would Your Rental Property Pass a Routine Inspection Today?
Key TakeawaysRoutine inspections help landlords identify small issues before they become costly repairs.Preventive maintenance protects both property value and tenant satisfaction.Consistent inspections improve safety, documentation, and long-term property performance.Many expensive repairs begin with overlooked maintenance concerns.Proactive prope...
read more
Blog Post

Smarter Rent Collection Strategies That Keep Cash Flow Consistent
Key TakeawaysConsistent rent collection starts with clear systems and expectations.Online and mobile payment options can improve on-time rent payments.Automated reminders reduce missed payments and tenant confusion.Flexible payment methods create a better tenant experience while protecting owner income.Strong communication and proactive management ...
read more
Blog Post

Why Professional Property Management Ultimately Pays for Itself
Key TakeawaysProperty management is not just an expense—it’s a tool for maximizing net rental incomeHidden costs like vacancy, turnover, and mispricing often exceed management feesProfessional systems help reduce risk while improving long-term property performanceThe real value comes from consistency, tenant retention, and market-align...
read more
Blog Post

Modern Approaches to Collecting Rent and Growing Your Investment
Key TakeawaysEffective rent collection systems improve cash flow and reduce late payments.Understanding tenant financial trends helps landlords anticipate challenges.Digital payment platforms simplify the process and enhance tenant satisfaction.Clear policies and proactive communication foster long-term tenant retention.Strategic rent collection su...
read more
Blog Post

The Smart Way to Handle Lease Renewals in Utah Rental Properties
Key TakeawaysProactively managing lease renewals reduces vacancy and ensures steady rental income.Clear and timely communication helps prevent disputes and strengthens landlord-tenant relationships.Understanding local rules for rent adjustments keeps your property compliant and protects your investment.Getting professional assistance can simplify t...
read more
Blog Post

Why Consistent Lease Enforcement Protects Long-Term Rental Income
Key TakeawaysConsistent lease enforcement establishes clear expectations for tenants and reduces disputes.Inconsistency in enforcement can create legal risk, set unintended precedents, and destabilize cash flow.Clear communication, thorough documentation, and fair application of rules are critical for protecting rental income.Professional property...
read more
Blog Post

Maximizing Property Value and Tenant Satisfaction in 2026
Key TakeawaysClear communication and proactive tenant engagement reduce disputes and turnover.Preventive maintenance preserves property value and minimizes costly repairs.Understanding current renter trends gives landlords a competitive advantage.Systematic processes improve financial consistency and ease portfolio management.Partnering with profes...
read more
Blog Post

Maximizing Cash Flow Through Strategic Maintenance and Upgrades
Key TakeawaysStrategic maintenance and upgrades improve tenant satisfaction and retention.Targeted property improvements can deliver high ROI and reduce long-term repair costs.Proper budgeting and prioritization of maintenance help future-proof rental income.Understanding market pressures ensures maintenance investments align with cash flow goals.F...
read more
Blog Post

How Does Mortgage Interest Work in Today’s Market?
Key TakeawaysMortgage interest is the cost of borrowing money and directly impacts your monthly payments and overall loan balance.Market conditions, credit scores, debt-to-income ratios, and down payments are major factors influencing your mortgage rate.Fixed, adjustable, jumbo, and interest-only mortgages each handle interest differently, affecti...
read more
Blog Post

5 Landscaping Upgrades That Also Boost Rental Security
Key TakeawaysStrategic landscaping enhances both curb appeal and property security.Outdoor lighting, trimmed shrubs, and clear sightlines reduce hiding spots for intruders.Secure fencing and gravel paths act as deterrents while boosting aesthetics.A well-maintained landscape increases tenant satisfaction and property value.Combining design with sa...
read more
Blog Post

Fair Housing in 2025: What Property Owners and Renters Need to Know
Key TakeawaysFair housing compliance remains one of the most pressing issues for the multifamily housing industry.Policies such as criminal background checks, occupancy limits, and voucher acceptance must be carefully reviewed to avoid claims of disparate impact.Housing providers must balance property safety with equal access to housing opportunit...
read more
Blog Post

Beyond Renewals: Proven Strategies to Keep Tenants Longer
Key TakeawaysTenant turnover costs nearly $3,800 per unit, making it one of the largest expenses for property owners.More than 60% of turnover is preventable when managers invest in proactive strategies.Maintenance, flexible rent payments, and personalized tenant experiences are the pillars of tenant retention.Green initiatives and loyalty programs...
read more
Blog Post

How AI is Transforming Property Management and Real Estate Markets
Key TakeawaysAI-skilled talent in the U.S. and Canada grew by over 50% between mid-2024 and mid-2025, driving demand in major real estate markets.Cities like San Francisco, New York, Seattle, Toronto, and Washington, D.C. are seeing higher office leasing activity and rising apartment rents due to AI industry growth.Property management companies are...
read more
Blog Post

Superhost Investor Series: Managing Short-Term Rentals Responsibly Insights on Balancing Long-Term Rental Strategies with Airbnb/VRBO Listings
In Utah’s fast-evolving rental market, landlords are constantly seeking ways to maximize returns while keeping operations sustainable. For many, short-term rentals through platforms like Airbnb or VRBO offer an attractive opportunity to boost income, especially in tourist-friendly areas like Salt Lake City, Park City, and Moab. But diving int...
read more
Blog Post

Water-Saving Hacks: Utah-Friendly Showerheads & Faucets
Water conservation is more than just an environmental concern—it's a practical necessity for landlords and property owners in Utah. With the state's arid climate and growing population, water-saving measures not only help preserve resources but also reduce utility costs and improve property appeal to environmentally-conscious tenants....
read more
Blog Post

Monthly Resident Perks: Ideas to Make Your Property Stand Out
In a competitive rental market like Utah’s, property owners and landlords are constantly seeking new ways to differentiate their properties. While amenities such as stainless steel appliances and modern flooring are great selling points, creating a sense of community and added value often requires more than just updated interiors. Monthly res...
read more
Blog Post

Landlord Burnout: Mental Health Tips for Managing Stress
Being a landlord isn’t just about collecting rent checks—it’s about juggling maintenance requests, fielding late-night calls, handling tenant disputes, staying compliant with laws, and navigating unpredictable real estate cycles. For many landlords in Utah and beyond, the demands of rental ownership can lead to something many don&...
read more
Blog Post

How to Attract Quality Tenants Despite High Mortgage Rates
Rentals in Salt Lake are getting squeezed from both ends. According to City Creek Mortgage, mortgage rates are climbing— 6.625% for a 30-year in April 2025—and renters aren’t exactly lining up to pay more. You’re not alone if you’re asking, How do I cover rising costs without scaring off good tenants?Here’s ...
read more
Blog Post

Can a Landlord Enter Without Permission in Utah?
Have you ever wondered, “Am I allowed to enter my rental property without permission?” Whether you're a tenant or landlord in Utah, this question sparks concerns about privacy, legal obligations, and rights.Utah’s laws are clear but not always widely understood. Landlords do have the right to access a rental property, but...
read more
Blog Post

How to Handle Pest Control in Your Rental During Utah's Summer
As temperatures climb during Utah's hot, dry summers, so does the activity of unwanted guests: pests. From ants and spiders to rodents and wasps, summer in Utah can bring a surge in pest-related problems for tenants and landlords alike.For renters, managing pest control can be tricky—you want to maintain a comfortable living environment w...
read more
Blog Post

Understanding the Lifecycle Costs of Rental Properties
Investing in a rental property can be a powerful way to generate income and build long-term wealth. However, a common oversight among property owners—especially newer investors—is underestimating the full lifecycle cost of owning and managing a rental.It’s easy to focus on upfront costs like the purchase price or renovation expens...
read more
Blog Post

Ways to Encourage Long-Term Tenancy and Reduce Turnover Costs
Tenant turnover can be one of the most significant expenses for landlords and property managers. Between advertising for new tenants, cleaning and repairs, and potential vacancy periods, the costs add up quickly. Encouraging long-term tenancy is one of the best ways to reduce these expenses and maintain a stable, profitable rental property.If you&#...
read more
Blog Post

U.S. Presidential Election Impacts on Housing Policy Issues
The 2024 U.S. presidential election has set the stage for major changes in the housing industry. With President Donald Trump returning to office, we’re entering a period of shifting federal policies that will impact everything from mortgage rates and housing affordability to home construction and rental market trends.Unlike the Biden adm...
read more
Blog Post

Understanding and Implementing Rent Control Measures in Utah
Rent control refers to government-imposed regulations that limit the amount landlords can increase rent on residential properties, aiming to ensure housing affordability and stability for tenants. These measures are common in various parts of the United States, especially in urban areas facing housing shortages and escalating rents. However, the st...
read more
Blog Post

Property Management Costs in Utah: A 2025 Guide
Navigating the landscape of property management in Utah requires a clear understanding of the associated costs. Whether you're a seasoned investor or a first-time landlord, knowing what to expect financially is crucial for maximizing your return on investment. As of 2025, the Utah property management scene has evolved, and this guide provides a...
read more
Blog Post

2025 Utah Proposed Bills for Housing Legislation
The 2025 Utah Legislative Session is in full swing, and if you own property or are involved in real estate, you should pay attention. Lawmakers are debating several housing-related bills that could reshape homeownership, rental regulations, and community development across the state.From HOA policies to housing affordability measures, these pr...
read more
Blog Post

Why Some Rental Properties in Utah Stay Vacant Longer Than Others
In the bustling Salt Lake City, Utah real estate market, rental properties are usually in high demand. So, why do some properties languish vacant for weeks or even months while others are snapped up in a matter of days? The answer lies in a complex interplay of factors, from the initial impression a property makes to the ongoing management and mark...
read more
Blog Post

What Landlords Often Overlook When Vetting Tenants
Tenant screening is one of the most crucial steps in ensuring a successful rental experience. While most landlords focus on credit scores and income verification, there are other red flags that can indicate potential issues down the line. Failing to consider these factors can result in late payments, property damage, or even legal disputes. If you&...
read more
Blog Post

Landlord's Guide When Allowing Service Animals in Utah
One area that often leaves property owners scratching their heads is the handling of service or assistance animals. Many landlords are confused about what is legally required and what is simply the best practice. Service animals are not just pets—they play a critical role in the lives of people with disabilities. Federal laws like t...
read more
Blog Post

Downsizing Your Home in Salt Lake City: A Guide for Seniors
Downsizing can be a significant life transition, especially for seniors. It's a chance to declutter, simplify, and focus on what truly matters. While the idea of moving to a smaller home can feel daunting, with careful planning and a strategic approach, downsizing can be a positive and liberating experience. This guide offers advice specificall...
read more
Blog Post

Top 10 Renovations That Increase Rental Value in SLC
Salt Lake City's rental market is booming! As a landlord, you want your property to stand out and attract high-quality tenants willing to pay top dollar. Strategic renovations can significantly boost your rental income and increase your property's value. But where do you start?This guide dives into the top 10 renovations that offer the bes...
read more
Blog Post

Beyond ROI: The Social Impact of Responsible Landlorship in Utah
Landlorship in Utah is more than just a business venture; it's an opportunity to contribute positively to the communities we serve. While maximizing return on investment (ROI) is certainly a key objective, responsible landlords prioritize ethical and community-oriented practices that go beyond simply collecting rent. This approach not only fost...
read more
Blog Post

Landlording in a Renter's Market: Strategies for Success in 2025
The landscape of property management is constantly evolving. In 2025, the rental market continues to be tenant-driven, presenting both challenges and opportunities for landlords. To thrive in this competitive environment, landlords must adapt to changing trends and implement effective strategies. This blog post will explore key tactics to navigate ...
read more
Blog Post

How to Winterize Your Rental Home in Utah: A Comprehensive Guide
Winter in Utah is both a spectacle and a challenge. For homeowners and property investors, preparing for the cold weather is crucial to minimize costly repairs and maintain a comfortable living environment.This comprehensive guide will walk you through how to winterize your rental home in Utah, ensuring it remains safe, warm, and energy-efficient t...
read more
Blog Post

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 ...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 & ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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&#...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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 ...
read more
Blog Post

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, ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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,...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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&#...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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, ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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,...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more
Blog Post

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,...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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...
read more
Blog Post

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 ...
read more

Subscribe

Stay in the know by subscribing to our Newsletter.