After investing some of your hard-earned money into rental properties, one may find themselves in a bind upon realizing that it is difficult to maintain the property and keep it occupied to ensure you get a return from your investment consistently. A property manager can help collect rent, schedule and
Maintaining a rental property can be hard work. Keeping up with inspections, maintenance, evictions, and lease renewals, feeling like you’re caught up on everything may seem like light-years away. Hiring a property manager or management will help you sleep at night while your money continues to flow.
Though property sales have seen an increase, the prices these properties are going for aren’t as high as many sellers would like to see. For those times when you’re watching the “For Sale” sign on your lawn get faded by sun and rain, considering a different route in regards to
Every landlord has one goal in common: the best tenant. It’s an ambitious goal. Finding tenants that respect the rented space, pay dues on time, and are easy to communicate with are all things we can hope for and find. But the key to a better tenant is to be
It can cost you significant time and money to attract and keep ideal tenants, but it’s far more costly to remove ones that are less than exemplary. Instead of waiting for a lease to end only to find you need to make costly repairs to your property before a new
A major responsibility that a landlord is legally required to fulfill is creating a habitable living space. This is legally enforced by a tenant’s “warranty of habitability.” The details of what makes a living environment habitable depend on what state you are in. In general, though, here are some key
If you’re considering moving into a home that has an HOA(Homeowners Association), you probably have a few questions. The quality of the HOA that you are moving into will vary depending on where you are moving, as no two HOAs are the same. Before making a decision to move into
“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
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
When you live in a rental unit, it can be hard to make the space feel like your own. You want to feel comfortable, and make it feel like home. But you also don’t want to sacrifice your deposit by painting the walls or drilling a bunch of holes into
Over 50% of potential tenants that want to move into your rental property, will have a pet. This means that if you don’t allow tenants who own pets to rent from you, you’re shutting out the majority of your potential tenant opportunities. If you’ve had a hard time filling vacancies,
The majority of your future clientele consists of millenials. There are changes and trends that come with every new generation, and as you clientele begins to change as the generations get older, you need to learn and develop new skills and tactics to market your properties more efficiently.
Although one of the most enjoyable seasons of the entire year, the holiday season also tends to be one of the busiest seasons of the entire year, as well. It’s easy to get so busy with everything else that you have going on, that managing your property is the last
No one wants a bad tenant. They can be hard to detect, though. When renting your property, you want the entire process to be smooth. In an ideal world, the perfect candidate would come to your door the exact moment you have a vacancy, and would want to stick around
Technology has completely changed our world. A few decades ago, the idea that you’d pay your rent or contact your friends electronically was bizarre. Yet here we are, doing almost everything that we do over the internet or from our phones. From paying bills, scheduling doctors appointments, and searching for
No one likes finding new tenants for their property, but it’s often necessary. If you find a tenant that you love, it can be hard to come to terms with letting them go and having to find someone else to fill their spot. As your tenants move out, the issue
We’ve all been there. No matter how careful you are, you’re bound to break or damage something while renting a property. Whether you live in an apartment complex, or you rent out a home, it can be a nightmare become reality when you break something. The most important thing is
There are a lot of advantages to renting an apartment instead of buying a new home. You save money every month paying rent instead of a mortgage, and you don’t have to go into debt on a pricey mortgage just for a place to live. It’s also great because it’s
If you are a landlord, then you know the importance of establishing a good relationship between you and your tenant. A good relationship can breed tenant retention, and it can mean more references for you down the road. Nurturing a good landlord-tenant relationship can be difficult, of course, as managing
Real Estate is a pretty good investment, especially here in Utah. There are a lot of properties up for sale, and it could be a really good idea to snag one for renting purposes. There’s a huge market in Utah for renting; a lot of families are opting to rent
Whether you’re transitioning from living in your home to renting it out to new tenants, or you’re looking to upgrade a property you already rent out between tenants, making upgrades to your property is never a bad idea. Repairs can be pretty costly, but there are some projects out there
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
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
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.
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
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
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
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.
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
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