Many of us made New Year’s resolutions last month to put more money in the bank every month, and if you’re still not saving as much as you’d like, it’s a good idea to take a look at your utility usage. Winter, after all, can be your most expensive season when it comes to utilities. Do you live in a rental where the cost of utilities varies from month to month? Here is a look at some simple ways you can save on utilities in your rental. (more…)
One major decision you have to make as a property manager is whether or not you are going to allow your renters to have pets. And even when you do decide you want to allow pets, there are a variety of concerns and accommodations you’ll want to consider. Here is a look at what to consider and how to accommodate when you allow your tenants to have pets. (more…)
Now that daylight savings time has kicked in, we’re all looking out our windows in astonishment when 6pm brings total darkness. The long, dark nights and freezing temperatures drive us all indoors. We’re left fretting in our houses, getting blue, missing the sun. (more…)
Sometimes, watching others live in your property is a hard thing. You can’t help wincing at each stain, bang, dent, and chip. Every renter has the right to make a home out of the place they’re renting, and this includes “normal wear and tear.” However, “normal” can mean something different to everyone! The truth is, when something doesn’t belong to us, we’re just not as careful of it, and the odds are good that you’ll have some tenants now and then that don’t care for your property as well as you would. (more…)
Low-income housing has been a hot topic in the state of Utah for about a decade now. This is due in large part to a “housing first” initiative that was implemented in the state of Utah a little over 10 years ago, back in 2005. The initiative was part of a larger 10-year plan to end chronic homelessness, with the reasoning that the state spends more money incarcerating and hospitalizing the homeless rather than actually housing them. According to the 2015 statewide point-in-time homeless count, the 10-year plan has been largely successful. As of 2015, there were 178 chronically homeless people living in the state―down from almost 2,000 in 2005. This means that chronic homelessness in Utah has been reduced by just over 91 percent over the last decade. (more…)
When searching for a new home, some of us have a hard time even knowing where to get started. Most listing sites will make you start with choosing what kind of property you’re looking for, whether that’s an apartment in a high rise, a unit in a multi-family home, a single family home, a condo, or townhouse.
Remember that each kind of property can come in a wide variety of styles. For example, a unit in a multi-family house could be anything from your own detached guest house to a couple rooms in the basement. Take a good look at each property’s listing, and don’t assume that just because it’s a single-family house, it will have all of the advantages that you’re expecting. However, this rough guide could give you a starting point, and some ideas for considerations you’ll need to think about with each kind of property. (more…)
Deciding what to charge for your rental unit is a tricky decision. There are many factors that affect price, from the current state of the economy to what amenities your unit offers. Read below to learn what you need to consider when deciding the price for your rental unit. (more…)
With one quick visit, it can be hard to tell how a new place will work out. However, there are some creative solutions that can give you a better idea of what you’re looking for. Try out these tips while you’re hunting for a new rental property.
1. Go to the Bathroom
When you do your apartment visit, take some time to be a little nosy and explore the bathroom by yourself. For one thing, this gives you a moment away from the pressure of the realtor, manager, or landlord. Alone, you can get a real feel for the place, and gather yourself. For another, the bathroom is one place where the real workings of a home are exposed.
Take time to check the function of the toilet, the sounds of the pipes, and even the water pressure. That’s right, go ahead and turn on the shower and see how it feels. There’s nothing worse than locking yourself into a lease for a year of terrible showers. (more…)
So your living situation is temporary. That doesn’t mean that it can’t feel like home! One of the most common dilemmas of renters is that they are unable to make changes to suit their personal aesthetic.
It’s true that you don’t want to make changes that will take a chunk out of your deposit. A lot of remodel details alter the property and are a huge problem for your landlord to deal with as soon as you move out. However, if you get creative, there are plenty of ways to make your place feel like home quickly, and without impacting the property.
Over the past several years, we have seen a dramatic rise in rental prices across the country, as people are paying more and more to rent property, rather than utilize other housing options. Indeed, this current pricing structure is the highest level of rent-to-income proportions since the 1950’s. Nearly half of all renters are currently paying more of their income than what was traditionally considered affordable (below 30%). Like most rising prices, there is an array of factors that could be contributing to this latest spike, as well as a few that might actually drive it back down. Here is some information about renters and rising prices… (more…)