Multi-Family

Property Management

Are you including multi-unit properties in your portfolio? Multi-unit properties qualify as any property with more than one unit that must be rented out. While there are many advantages to renting out single-family properties, multi-unit properties drastically raise the ceiling on your earning potential.

When starting in real estate rental investments, Rhino Property Management suggests cultivating a portfolio that includes both single-family properties and multi-family properties. We help landlords in Utah with it all! Learn more about what a multi-family property manager can do for you.

Multi-Unit

Why a Multi-Family Rental Property Is a Good Idea

The big draw of multi-family properties is that they allow you to collect multiple rent payments for the same piece of real estate, due to filling that property with a multitude of tenants. Besides that, though, there are other benefits of focusing on multi-unit properties:

Reduces Risk: You don’t lose all of your income from your property if a unit is vacant for a month, so the risk is spread across multiple units.
Easier to Purchase: If you want to grow your portfolio with multiple single-unit properties, then you are going to have to purchase many, many properties. Multi-unit properties enable you to get more units for just one purchase.
More Cash Flow: Operating costs and profits are easier to grow when you are collecting rents from multiple tenants since it increases your cash flow and reduces its fluctuation.
Easy to Fill: Because units in a multi-family property are typically more affordable than single-unit properties, there is always a demand for them, which makes them fairly easy to fill.
High Appreciation: The real estate rental market is always beholden to market forces, but multi-unit properties can benefit from forced appreciation by adding amenities that increase rent across all units.

Free Rental Analysis From Rhino Property Management

Want to know if your multi-family property is ideal for renting? Request A Free Rental Analysis to see if we can help!

How a Property Manager Helps

You’re more than likely fully capable of managing your rental property on your own. But you don’t have to, especially if you have other work or personal obligations that keep you busy. Seasoned real estate investors know the value of utilizing a property manager.

Benefits of Our Property Management Services

These are just a sampling of the reasons why you should work with multi-family property managers at Rhino:

Rhino makes sure your rent is reflective of the local market so you’re getting maximum value for each unit, whether it’s in Weber County, Salt Lake County, or Utah County.
Our team can help you budget the operating costs for your property so your profits remain consistent, even when unexpected problems or vacant units occur.
Filling a rental property takes time, but our managers have the resources to fill multi-family units quickly with reliable, screened tenants.
When you have more tenants in separate units, it increases the likelihood that there will be requests for maintenance, amenities, or other concerns. Your dedicated property manager serves as a liaison between you and your tenants to increase resident satisfaction and your peace of mind.
Time is money for an investor, and we ensure you can collect a maximum return on your money investment while spending minimal time and stress. You’ll get comprehensive metrics such as maintenance costs, utilities, and rents from Rhino each month so you know where you stand financially.
Some multi-unit rentals are large enough that they may necessitate security protocols to ensure the safety of the property and the tenants. A property manager can help establish those security protocols (ranging from keycard access to necessary patrols).
Multiple rental units can mean that the trash can fill up quickly. Let us schedule dumpster rental and pickups for you.
Attract prospective tenants with quality landscaping managed or provided by our licensed and insured professionals. Rhino works with landscapers to negotiate pricing for requested services.
Routine inspections ensure your multi-family property is in good shape; we schedule regular onsite inspections of each unit to see what, if any, maintenance is required.
In the event a tenant needs to be evicted, Rhino will handle eviction services for you.

Let us take the headache out of owning rental properties! With Rhino, you’ll have a dedicated property manager who knows the property market well and works with you to ensure nothing slips through the cracks.

Hire a property manager from Rhino today to get the most out of your multi-family, single-family, or HOA-based property.

Types of Multi-Family Properties

At Rhino Property Management, we help rental property investors with a variety of different types of real estate. When it comes to multi-unit properties, we focus on the following types of properties:

Duplexes
Fourplexes
Small apartment buildings (between 5-10 units)

Hiring a property management company isn’t just for multi-family properties; it’s helpful for the day-to-day management of any type of real estate investment you’ve made. Contact us today to ask how we can help you.

HERE’S WHAT CLIENTS ARE SAYING

Browse our available properties to see the quality homes we manage, and check out client reviews for Rhino Property Management below.

This has been the single best property management company to deal with. Over the years they have taken care of my rental properties, been quick to fill the vacancies and handled every step of my tenant pay issues. I highly recommend them!

My mom and I had a really great experience with Rhino. Amy was absolutely amazing, very helpful, super friendly; she answered all of my questions and never once acted like we were an inconvenience. Even though we were not approved to rent with Rhino, I still think that this company went far above the norm to try to help us get in. Lindsey was so kind to answer all of my questions after our denial and wished us the best of luck in our search for housing. I would definitely recommend these guys to anyone, they were so nice. Thank you.

Rhino Property Management is staffed with efficient and courteous professionals that seem to really care about their tenants. My husband and I are more than happy to rent a property with them and have already had a wonderful experience.

I've been very happy with Rhino Property for the most part. Sometimes responses are a bit slow but they have a good website for requests and rent payment and seem friendly. I would recommend using Rhino as a renter.

Rhino went the extra mile to ensure repair of a leak. They listened to the brick masons who found that work with roof and trim was also necessary. It was pleasing to see them address the additional needs the next day as the masons were finishing the brick work. Great job!

How Much Does a Property Manager Cost?

The main question that many property owners ask when they are considering a property management company is whether or not it is worth the extra expense. At Rhino, we help our clients manage their multi-unit rentals for incredibly low prices when compared to our competitors. See our pricing options below.

Silver $85/month
Gold $135/month
Platinum $185/month

AREAS WE OFFER PROPERTY MANAGEMENT IN UTAH

Rhino Property Management’s offices are located in Murray, Utah, and we serve the following areas:

If you’re not sure we service your geographical location, get in touch with us today.

If you have questions about our property management services or want to get set up with a management package for your rental unit, please don’t hesitate to reach out to Rhino Property Management today!

Frequently Asked Questions

How much can I rent my property for?

The current market value will determine how much we can rent your property for. Comparisons to other properties impact monthly rent, so the lease amount will reflect several market factors. For a detailed estimate, contact us today.

How will I be paid as the landlord?

After collecting rent from tenants, we use direct deposit or a check to send your payments on the 15th of each month.

How long will my property be vacant?

The average vacancy for our properties is two weeks between tenants.

How much do property repairs cost me?

Whether the work is performed by bonded and insured partners or our in-house maintenance employees, you are only charged for parts and labor. No additional fees are tacked on.

How do you ensure my landscaping stays nice?

Lawn care is included in our services, so we’ll monitor the condition of your yard and hire out weekly mowing.

How often do you check up on my rental property?

We do quarterly drive-by inspections, as well as move-in and move-out inspections.

What happens when tenants pay the rent late?

We charge late fees for unpaid rent, and we start the eviction process when necessary.

What does a property manager do?

Rhino property managers fulfill the following roles and perform the following duties:

Agent for the property owner (landlord)
Prepare rental properties
Inspect properties before, during, and after a lease term
Advertise open properties
Make properties available for prospective tenants to tour
Receive and screen applications
Manage lease signings and lease renewals including applicable documentation
Ensure routine property maintenance
Manage financial components
Manage administrative components
For apartments, provide on-site leasing, maintenance, and management services
Track all correspondence in the property management system
Provide rental Property Management Software
Communicate with both owners and tenants
Coordinate utility payments

When can I talk with my property manager?

A property owner will always have direct access to Rhino Property Management for inquiries or concerns. We likewise reach out to property owners with important updates regarding the tenancy. Property owners can establish with the property manager how they would like to be contacted, for what purposes, and how frequently.