“Section 8 Housing” is the phrase often used to refer to the Housing Choice Voucher Program, a federal program enacted to help low-income families better integrate into the public housing market. We’ve found that many landlords are hesitant to dive into the world of low-income housing, wary of coming across difficulties with tenants and government bureaucracy. However, in our experience with property management in the Salt Lake area, Section 8 Housing is almost always a great experience for landlords. Below are 4 reasons that you should consider the Housing Choice Voucher Program a little more seriously. (more…)
No one wants to be that annoying renter or neighbor. You don’t want to be a nuisance, and often, when you are that tenant, it’s unbeknownst to you. It’s rarely intentional, and so it’s easy to not notice that you’re being annoying, bothersome, or inefficient. Especially if you’re a first time renter, you may be unaware of some of the etiquette of a renting a property from someone. A tenant is usually only concerned with their rights as a renter, and for good reason. But being a great tenant means that you won’t have issues when you have maintenance requests, when it comes time to renew your lease, or unwanted surprise visits. Here are our top tips to be a great tenant!
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.
The most successful residential properties are the ones that don’t have to cycle through waves and waves of new residents every time a batch of leases is up. Indeed, one of the most important numbers to pay attention to when running a property is the rate of resident retention. Having a low retention rate means constantly needed to use resources to try to find new residents. Instead of getting stuck in that mess, it is often much more productive to simply find a way to make your residents happy enough to stay. Naturally, you will always have people who need to move after their leases are up, but it’s better if this number stays on the low side. Here’s some ideas on how to improve resident retention.
Sometimes, it can be stressful to rent property when you afraid that you could be held legally and financially accountable to many of the inadvertent disasters that can happen to your home. This is certainly understandable! However, there is a solution that can help renters have a little peace of mind during the duration of their lease. That solution is renters insurance. Most places that rent property to live in will offer renters insurance to their residents. Here’s some of the benefits that renters insurance is able to provide… (more…)