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, or are unhappy with the amount of rental applications you’ve been receiving, it may be time to rethink your “no pet” policy.
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 thing on your mind. With how busy and stressed out you may end up being for the remainder of the year, here are a few property management tips to help your holidays go a bit smoother.
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 property is a great deal of work, and tenants are not always the most agreeable. Here is a look at some tips to help you establish better relationships with your tenants. (more…)
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…)
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…)
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…)
Many properties will have a space that is the perfect venue for hosting events. Whether this is a community barbecue during the summer, or a property Christmas party, there are many benefits that are inherent to hosting property events. While it may be a little more of an expense, it’s often a small price to pay for the bridges that this can build between landlords and tenants. Here are some of the benefits of hosting tenant events on your property…
Build community on your property
We live in an age where we are less and less connected with the people who live around us, despite being well-connected with the rest of the world. This makes for a less enjoyable living experience for tenants. However, nothing brings people together like a summer barbecue where tenants and their kids can enjoy each other’s company. This community building experience helps create a safer environment, and one where tenants begin to trust each other. It also makes your property a much nicer environment to live in, which means you are providing a better service.
Establish trust with your tenants
One of the most important elements to managing a property is being able to create an open line of communication with tenants. If a landlord and their tenants can communicate with each other without a level of distrust, then it creates a better experience for everyone. Oftentimes, just having this line of communication open will help people manage their problems much, much better, and at less cost to you. Having these community events is a way to open this line of communication and establish trust with tenants by getting them all together and getting to know them.
Creates a better image for you
The stereotype of a property manager is a faceless entity that controls the lives of their tenants. However, this image doesn’t have to be the one that persists. By hosting community events, a landlord is opening themselves up to the community experience that they are trying to create, which builds a new image as an actual human being that tenants can interact with. It is much easier to communicate issues and problems with tenants if they can see you like how they see their peers; as just people.