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What to Do if your Tenant Files for Bankruptcy

As a landlord in Utah, one of the worst things that can happen is for a tenant to file for bankruptcy. This can leave you in a difficult position, as you may be unsure of how to proceed with collecting rent, evicting the tenant, or even whether you have the right to terminate the lease agreement.However, there are steps you can take as a landlord t...

How Property Managers Can Help You With Your Accounting

With 44 million households renting accommodation across the US, billions of dollars change hands in the property management market every year. This means property managers need to be at the top of their game in accounting for all this rental income.Fortunately, they have the tools to keep track of both owner and tenant accounting needs accurately a...

Short vs Long-Term Lease Agreements: Which Is Better?

With the short-term rental market raking in almost $100 billion in 2021, there is a temptation to set all your leases as short-term. Though, long-term lease agreements have their benefits, which could appeal to some people. So, what is the difference between the two, and why would you pick either?Below, we run through a few of the things you might ...

Why Real Estate Is the Best Investment for Retirement Planning

If you're like most Americans, you're concerned about your future - especially retirement.That's because 57% of currently retired U.S. adults rely on Social Security as their primary source of income.When it comes to retirement planning, adding another pillar to your retirement plan is the key to a better life. If you already have a 401...

Why It Makes Sense to Rent Your Home If You Cant Sell

The decision to sell or rent out a home can be a challenging one for homeowners. Many individuals would prefer to sell, but in this market, it can be difficult to find a buyer that is willing to pay the asking price. In such cases, renting out your property can be a good option. Leasing a home may seem like a daunting task, but it can be a smart fi...

What Should Landlords Know About Rent Collection?

Did you know that the top strategies landlords can use for collecting overdue rent include screening tenants before they sign leases, accepting rent payments online, and sending out reminders?As a landlord, it's important to have a clear understanding of the rent collection process.This includes setting expectations with tenants, establishing a...

9 Amenities That Will Attract Renters To Your Utah Property

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

A Tenant Screening Guide for Landlords in Utah

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

The Four Types of Property Managers Landlords Can Hire

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

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

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

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

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

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

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

How a Property Management Company Can Help With Maintenance

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

5 Tips To Help You Price Your Rental Apartment

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

What to Do if Your Tenant Does Not Pay Their Rent

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

5 Things Every Property Investor Should Know About Property Management

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

Should You Allow Pets in Your Rental Property?

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

What to Do When Your Tenant’s Lease Is Up

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

Why You Should Consider Partnering With a Real Estate Management Firm

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

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

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

Real Estate Inspections: 5 Things To Keep In Mind

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

How to Handle Tenants With Support Animals

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

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

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

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

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

The Importance of a Thorough Tenant Background Check

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

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

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

Top Rent Collection Mistakes That New Landlords Make

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

What Is Tenant Screening and How Much Does It Cost?

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

Common Property Management Myths That You Should Know

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

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

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

Rental Security Deposits: How Much is Too Much?

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

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

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

The Benefits of Real Estate Asset Management

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

Landlords: Should You Include Support Animals in Your Lease

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

What’s the Average Security Deposit Amount in Utah

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

Utah Eviction Law: What You Need to Know

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

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

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

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

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

Benefits of Having a Third Party Handle Your Tenant Screening

No one wants to evict a tenant from their property. It can be upsetting and it can also be very expensive. Tenant screening is the best way to avoid these situations.But landlords are busy people, whether they do it full time or as a side income. It can be time-consuming to organize interviews and difficult to tell who will be g...

3 Reasons Why Security Deposits Are Important

Security deposits are not a legal requirement when it comes to rental properties. However, they do serve as a form of security recourse for a property management company or a landlord in the event that rent is unpaid or damage is done to the property.Security deposit amounts vary widely from state to state, but most will be equal to about a month&#...

Property Marketing: 4 Easy Ways to Market Your Rental Property

74.4% of rental properties are owned by individual investors, and not by companies or property rental agencies. When it comes to being a property owner who operates in the rental space though there's nothing quite as important as your property marketing. A landlord's success or failure is largely determined by his or her...

How to Handle Lease Renewals for Existing Tenants

Did you know that Salt Lake City is facing the tightest rental market in its history? With a vacancy rate that’s below 2%, the average rent for a two-bedroom apartment is about $1,700.If you are a landlord in Utah’s capital, it’s a great time to reevaluate your lease enforcement and property management needs. With demand higher th...

3 Property Maintenance Tips for New Landlords in Salt Lake City

Did you know that about 5.6% of rental properties are unoccupied? Being a landlord requires wearing multiple hats, and no two days look the same. There is so much involved in successful property maintenance, from maintenance issues to rent payments. Here are three property maintenance tips for new landlords in Salt Lake City.1. Market Your Pro...

The Complete Guide to Improving Tenant Retention for Landlords

A responsible tenant is worth their weight in gold to experienced landlords. When you find those tenants, keeping them in your unit should be your number one priority. Seasoned professionals know a 5% increase in retention rate can boost profits from 25 to 95%.But what can you do to retain your highest quality tenants?The most successful landlords ...

Common Rental Property Inspection Mistakes and How to Avoid Them

The hardest part about managing a property isn't the maintenance. A leaky faucet? Broken window? Those are easy fixes.No, you want to know what the hardest part of property management is?It's the tenants.Your property is a rock: steady, reliable, consistent. Tenants, though? Tenants come and go, and even if you put in the due diligence, you...

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

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

Rental Property Tax: Your Ultimate Guide

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

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

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

Pets in Rental Apartments: Should You Allow Them?

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

Security Deposit Receipt: What You’re Required to Provide

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

The Ultimate Guide to Tenant Placement

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

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

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

Top 4 Tips for Choosing a Full Service Property Management Company

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

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

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

5 Tenant Screening Questions to Include in Your Interview Process

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

Screening Tenants: How to Design Your Tenant Application Process

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

Your Rental Property Guide: How to Understand the Occupancy Rate

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

Tenant Damage vs Wear & Tear in Utah

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

Choosing the Best Method For Rent Collection

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

Benefit of Letting a Property Management Company Do the Busy Work

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

Pros and Cons of Allowing Pets in a Rental Property

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

Best Way to Oversee an Eviction

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

Becoming a DIY Utah Landlord

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

Utah Landlord Laws & Rights

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

5 Helpful Tips For New Property Managers

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

Should You Become a Section 8 Landlord?

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

How to Choose the Best Tenants For Your Rentals

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

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

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

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

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

Support Animal vs Service Animal: The Laws for Utah Landlords

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

The Benefits of Using Tenant Placement Services

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

Top 5 Rental Property Renovations to Make for Landlords

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

The Tenant Screening Checklist Every Landlord Should Have

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

Top 5 Factors to Consider When Hiring Property Managers

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

A Landlord's Guide to the Eviction Process

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

The Benefits of Renting to Tenants With Pets

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

A Quick Guide For Accidental Landlords in Salt Lake City

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

Are You Screening Tenants the Wrong Way?

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

5 Expert Tips on Finding Tenants Easily

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

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

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

Real Estate Marketing: How to Market Your Property for Rent

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

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

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

6 Things All Landlords Should Know About Property Maintenance

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

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

Lease agreements are invaluable legal contracts that allow both the tenant and the property owner to abide by the rules of the tenancy. It’s a form of assurance that the tenant will pay rent until the expiry of the lease and that the landlord won’t raise the rent.But sometimes tenants don’t hold part of their bargain. A new job, m...

Questions to Ask a Property Manager Before Hiring In Utah

Hiring a property manager or company is a big investment. Property management is complicated and fast-paced. It takes talent, dedication, and a unique skill set to succeed in the industry. Because of this, you’ll want to make sure you are choosing the right manager for your properties. In order to be completely confident in your choice, ...

How to Find Renters in Utah

Would you rather have an empty property or a tenant who might not pay the rent? This is the dilemma many landlords in Salt Lake City and in other parts of Utah face. Figuring out a strategy on how to find renters can be a struggle, especially when the state undergoes economic endeavors, pandemics, and experiences fluctuating market demand...

What is the Cost of Property Management in Utah?

A professional property manager handles all the tasks associated with managing your property, such as tenant screening, handling maintenance issues, collecting rent, and dealing with tenant complaints. Here in Salt Lake City, property management fees — and the services you receive in exchange for these fees — vary depending on the ...

How To Maximize Tenant Retention

Getting new clients isn’t very easy and each month your property stays vacant is a month you’ve lost income. Did you know improving your tenant retention rates by approximately 5% increases your profits by between 25%-95%? Crazy, right?But how does a landlord or property owner make their tenants more inclined to stay in t...

How to Choose The Right Tenant For Your Rentals

Many landlords in Salt Lake City struggle to find the right tenants for their properties, but there are a lucky few who have multiple qualified applicants. While most property owners would agree this is a good thing, many of them don’t want to fall foul of the Fair Housing Act (FHA), which stipulates that one can’t give preference to a ...

How to Deal with Difficult Tenants

Being a landlord sure has its ups and downs. You have seemingly the best, easiest tenants most days. You’re feeling like you’ve made a great investment and you’re living the life. Until you’re not. One day it all hits the fan. You need to prepare yourself for how to deal with difficult tenants. It will happe...

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

A positive landlord-tenant relationship can reduce many of the problems associated with property management. Tenants who maintain positive relations with their landlord throughout their tenancy are more likely to renew contracts and pay rent on time. Whether you’re a first-time landlord or a seasoned expert, all landlords need...

Things to Consider When Renting Out Your Property

There are many things to consider when renting out your property. It may seem exciting to get some extra cash flow by turning your home into a rental opportunity, but you need to know what to expect. Have you done this before? Are you familiar with the pros and cons? Do you know what you want in the lease? Before you decide to go for it ...

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

As real estate investors ourselves, learning how to save money on a rental property is crucial to the game. But, sometimes it’s not all about saving money. It’s protecting yourself from any accidents that might happen to your tenants on any of your properties. The good news, with the proper insurance policy, you are covered if anything...

How to Maximize Property Management Cost Savings

As any good real estate book will tell you, the formula for real estate investing success is some variation of the following: Maximize revenue + Minimize expenses = Maximum Profit. For example, a rent increase would obviously be a move to maximize revenue while price shopping maintenance vendors would be a cost-cutting one. How about paying for pr...

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

Owning, maintaining, and managing an apartment can be an overwhelming task, especially when it isn’t your full-time job. In addition to property upkeep, collecting rent, and finding the right tenants, there’s an additional factor you need to keep in mind: rental scams. If you’ve managed your property for years, you may be wo...

7 Security Deposit Tips for Landlords From Utah Property Managers

Almost every rental property requires a security deposit of some kind. A security deposit is a one-time fee that is due at lease signing and acts as a “damage deposit” for a new renter. Typically, the renter will get this money back when they move out if there is no damage to the home or unit they rented. This all sounds pretty simple,...

Property Management Fees: What to Expect

Before handing over your property to be managed by a third-party, you probably have one question on your mind, “How much does property management cost?” This is a completely reasonable question and can make or break your decision to hire a property manager. While the question is simple, the answer is a little more complex, but sim...

The Eviction Process in Utah: 6 Costs to Consider

Do you know how much the eviction process in Utah can cost? On average, the cost of eviction can be upwards of $3,500 and takes anywhere from three to four weeks to complete. Basically, an eviction does not come cheap. Most people believe that an eviction is a fairly simple and affordable process, but the reality is it mig...

How a Residential Property Management Company Finds the Best Tenants

If you’ve ever owned a rental property, you know that the quality of your tenants can make or break the experience. Ideally, every tenant would pay rent on time, keep the home clean, and never break anything. Unfortunately, that is not always the case. In addition to handling maintenance requests, lease agreements, and rent collection, findi...

Tenant Screening: 4 Steps Every Property Manager Should Complete

Screening tenants for a rental property is a crucial responsibility for any rental property manager. So, when interviewing property management firms to decide who will take the best care of your rental, make sure you inquire about their tenant screening process. Tak...

Is Your Utah Lease Agreement Strong Enough?

Managing your own Utah rental property can be tricky. From maintenance to tenant turnover, there are many factors to consider when managing your own property. One of the first and most important parts of successfully renting your property is a strong lease agreement. This is what sets the tone for both yours and your renter’s experience. The...

The True Cost of Tenant Turnover

When a tenant moves out, does it cost you anything? The answer is yes. If you have a revolving door of tenants, this could be costing you much more than you think. You may not think about these costs often, but if you have a high turnover rate, it’s time to reevaluate your property. Vacancy directly affects your cash flow, and it’s imp...

Why Every Landlord Should Charge Rental Application Fees

Once thought to be a tool to price-gouge future residents, rental application fees have actually proven their worth. In 2006, Utah’s Rent Control Prohibition Act was amended to add a list of fees that are set by the market and cannot be regulated or prohibited by the local government. To renters and no...

Remodeling Your Rental Property in Utah

“You have to spend money to make money.” This is an old, common phrase you have probably heard several times. While this can apply to a variety of different businesses and ventures, it is especially true when you begin investing in rental properties. Prospective renters are looking for reasonable rent, especially in Utah, but that...

5 Essential Qualities of a Rental Property Management Company

While some property and homeowners may believe that all residential property management companies are created equal, this is not the case. Any owner that has had a bad experience with property management can attest to this. It may seem like an owner may save money by employing the management company with the lowest rates, but they risk l...

5 Questions for Your Property Manager

Finding a good property manager is a difficult task, but it may be one of the most important decisions that you will make after purchasing your rental property. Renting a property can be a significant investment, so you want to hire someone that you can trust completely.Responsibilities of a Property ManagerBefore you begin your journey o...

Tips for New Rental Property Owners – Part 2

Tips for New Rental Property Owners – Part 2 As we mentioned in part one of this article, being a new landlord for your rental property can be intimidating. There are several things that you need to learn. Below are several tips that will help you get a better understanding of the property management world: Respond Promptly to ...

Tips for New Rental Property Owners – Part 1

Tips for New Rental Property Owners – Part 1 Becoming a landlord for the first time can be a very stressful situation. Finding a qualified tenant is probably the first thing on your mind, but it is also very important that you are complying with all the important rules and regulations that go along with rental properties. So what ar...

Tips for Marketing Your Vacancies on the Web

Tips for Marketing Your Vacancies on the Web Remember when finding a new tenant meant throwing up a sign in the yard and placing an ad in the weekend paper? Times were simpler then. With sites like KSL and Craigslist attracting tons of local traffic and allowing free classified ads, the web has become your go to spot for finding quality tenant...

How Should I Choose Between Multiple Qualified Applicants?

While many owners struggle to find qualified tenants for their property, a distinct few may be fortunate enough to have multiple applicants willing to rent their unit. While almost all owners would agree, having multiple qualified potential tenants is a good problem to have; many owners don’t know the exact protocol to follow in order to comp...

Rental Advertising Tips for your Utah Rental

Rental Advertising Tips for your Utah Rental Nothing puts a landlord on edge quite like a vacant unit. With no one to pay rent and expenses piling up, most want nothing more than a phone call from a qualified prospect to put their mind at ease. Sometimes renting your property is as simple as combining well written ad copy and strong ...

How to Market my Utah Rental Property?

So you have decided that you are going to rent out your home, the next logical question you will probably ask is: How do I find a qualified tenant? There will always be quality people that are looking for a Utah rental property, but you will need to actively seek them out. Here are some tips that will help you find the right tenant and start coveri...

Is it Time to Hire a Property Management Company?

Being a landlord can be very stressful and it requires a lot of time and energy from an owner. Many owners ask: “when is the right time to hire a property management company to manage my investment?” The answer to this question will vary from owner to owner, but below are some of the signs that it is time to hire a property manager:How ...

How Often Should You Inspect Your Utah Rental Property?

Have you ever conducted an inspection of your Utah rental property after the tenant has moved out and you find that the property has been trashed? There is thousands of dollars worth of damage and the security deposit will not cover all of it. You would like to collect the money from the tenant, but you don’t want to go to court. Furthermore,...

Why the Cheapest Utah Property Management Company is Rarely the Best

Have you ever heard the saying “you get what you pay for”? Unfortunately this could not be more accurate when deciding which Utah property manager you will hire. Many companies will offer to manage your property for a very low rate, but the owner ends up doing the majority of the work in the end. This can lead to owners feeling like pro...

Why Owners Should Allow Pets in their Rental Properties

Almost all owners have heard the horror stories of allowing tenants to have pets in their rental property – from kitty litter clogging the pipes to a dog soiling and ruining the carpet. While many owners would claim that allowing pets is more trouble than it is worth, I would argue that it is an opportunity that more owners should take advant...

Tips for Handling Problems with Your Rental

I always advocate addressing problems proactively, especially when it comes to rental properties. However, no matter how much you plan ahead, unexpected issues will arise and require swift action. Here are some tips on how to deal with bad tenants, local government and even the police.Respond immediately – It’s human nature to hope that...

Why Should I Hire a Property Management Company?

One of the first questions you may ask yourself once you have purchased an investment property is “Should I hire a property manager or manage the property myself?”.While many owners may feel that the monthly management fee is just a waste of money, the truth is a great property management company can be worth their weight in gold and s...

Is Your Property Management Company Doing Their Job?

If you have hired a property management company to handle all issues relating to your investment property, you always hope that you have employed the best company for the job. This company should handle the leasing, maintenance, and tenant issues relating to your property and always ensure that your best interests are included in every decision ma...

How to Verify Employment and Income for Tenants in Utah

Every year, hundreds of thousands of tenants in Utah don’t pay their rent on time, leaving landlords without a consistent income stream. Many tenants weren’t eligible to rent properties in the first place because of insufficient income or irregular employment. This is why verification is so important for landlords in Utah. Just a few si...

Utah Maintenance Quick-tips Part 1

When moving into any Utah rental property, you will find that there are several common situations that leave you asking – “How do I fix that?” Below is guide that will help you through some of the common maintenance issues you’ll come across when renting a home in Utah. How do I unclog a drain?If a drain is running slo...

Utah Maintenance Quick-tips Part 2

Part 2 in our series of fixing common maintenance issues! We have more great tips for keeping your rental home in tip-top shape. How do I reset my breakers?The first step is to turn off the light switches and unplug the appliances in the room that have lost power. The tenant should then find the circuit breaker box in the house and loc...

5 Questions to Answer Before Managing your Own Rental Property

Do I have time to be a good Utah landlord?Being a good landlord is at least a part time job, and in some cases, full time employment with unpaid overtime. A good exercise is to grab a sheet of paper and write down all your current responsibilities as well as their time commitment. Make sure you include major items such as work, family and parental ...

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