In the world of real estate investment, there are two types of owners: those who react to problems and those who prevent them. When it comes to Salt Lake rental maintenance, a proactive strategy is the single most effective way to protect your ROI, keep your tenants happy, and ensure
To truly maximize your ROI and minimize stress, local expertise is the secret ingredient. Here is why choosing a local leader for your Salt Lake rental management is the best decision for your portfolio. Investing in the Salt Lake City real estate market is one of the smartest moves a
The sound of silence in an empty rental unit is a landlord’s greatest fear. It’s the sound of a financial drain, a missed opportunity, and a key indicator of a struggle that many property owners face. The concept of vacancy loss—the income you forfeit when a rental unit sits empty—is
Renting a home is a significant monthly expense, and the thought of negotiating that figure might feel daunting, especially when dealing with a property management company. You might wonder, “Can you negotiate rent with a property management company?” The answer, while not always a resounding “yes,” is often “it’s worth
If you’re a renter it can be intimidating to ask your landlord for upgrades, or permission to make cosmetic or structural changes yourself to your home. Whether it’s adding new appliances in the kitchen, landscaping outside of your apartment building, or checking on prior upgrades that have been promised, here
There’s no doubt that owning a home has its perks. But if you’re not ready for the responsibility – or the expense – renting might be the way to go. Easier to Qualify Did you know renters usually have an easier time qualifying for renting than they would for a
As a renter, what maintenance is your responsibility, and what maintenance falls on the landlord or property management company? Furthermore, what maintenance is considered an emergency, and what can wait until regular business hours? The habitability of a property is an important part of any rental agreement. Rental properties must
You can decorate your house to suit your taste when you build your home. That can mean hanging up decorations, painting, or maybe remodeling; in essence, your changes are your decision to make. However, when you rent a property, you often have restrictions on personalizing it. Some rental locations don’t
Depending on who you ask, you’ll get a different answer regarding whether renting a home right now is a good idea. We all know it’s a seller’s market right now, but property managers are also seeing an increase in rental rates. This makes it a good time to be a
For anyone who has been in the property management industry for a respectable amount of time, the prospect of difficult tenants is not just a scary thought but an actual waking nightmare; damaged or broken property, unpaid rent, belligerence to you and other neighbors on the property, and much more
“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
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,
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
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
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
Housing is one of the largest expenses that people fork out a month. Whether you rent or own, your mortgage or rent can leave you strapped for cash. You should always determine how much you can afford before you decide where you are going to live. But how much should
Getting back a security deposit can be a stressful experience. It is just one more thing to worry about as you move, and some landlords are very reluctant to part with the money that is rightfully yours. Read below for 5 tips to secure your security deposit.
Moving can be quite expensive. You have to get enough boxes for your things, rent a truck (if necessary), hire people to help you move or enlist friends, and of course, pay a deposit and first and last month’s rent at your new place. Trying to pay for all of
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
There are many, many options of where to live in this world. However, one choice that you should get out of the way right at the start is whether you want to buy or rent a home. There isn’t necessarily a right answer to this question, as it almost entirely
If you own rental property in a college town, chances are a large majority of your clientele is going to be college students. While this does mean that you’ll always have a steady stream of candidates for renting, it also means that you’re likely to see heavy turnover and difficulty
Have you run across a really great deal on a rental property, one that has everything you’re looking for and is well under your budget? Well, if it sounds too good to be true, it probably is, to use the common phrase. Rental scamming has become a major problem in
Having trouble with a problem tenant? Or are you wondering what you would do in the event of a tenant who wasn’t following through on a contract? Before you consider forcing a tenant to leave because of late rent payments or untidiness, get in touch with a rental property manager.
As a property owner, protecting and receiving a return on your investment is one of your top priorities. You want to make sure you’ll get rental payments on time, that tenants will take care of the property, and that you avoid potential conflicts. The best way to do this is
Before you put out an ad for the apartment or home you want to rent, make sure that you have a rental agreement ready for people who show interest. A rental contract is a must-have for anyone wanting to lease property. It offers protection for the rental unit and for
You may think that “going green” requires an extensive, expensive overhaul of your property. There are some quick, relatively inexpensive fixes that you can do yourself to save money. As a property owner, it’s a good idea to update even if you’re not the one paying most of the utility
On moving day, hauling heavy boxes and furniture may bring your mind to the rental deposit waiting at the end of the metaphorical moving tunnel. But you may also wonder if you took enough care to ensure you get that money back. Most problems with rental deposits come from misunderstandings,