Turning your home into a rental property can be an exciting process. You must carefully screen your tenants, but you also need to make sure your property is worth renting. After making sure your home meets all the local building standards, you should research the applicable landlord and tenant laws. An Salt Lake property management company can offer you advice on rental agreement contracts. You need to be aware of the guidelines regarding security deposits and eviction notices. Here are a few things every landlord should know about renting a home.
Your Rental Price Needs to be Competitive
Your home needs to be competitive with other local properties. An overpriced rental home can go unoccupied for months. You will also lose money if you rent your home for a price that is far below the market value. Research neighboring homes in your area, and compare the amenities in several homes. After comparing amenities, you should be able to decide on a competitive price.
Use Multiple Promotional Tools
You should take advantage of free and paid advertising. Many people are searching for rental properties in Salt Lake, and you are likely to find your ideal tenant when you use several different advertising mediums. Most potential tenants will want to see the property before signing a rental agreement. Saturdays and Sundays are great days to host a tour of the home.
Property Management Companies Salt Lake
Landlords are expected to work day and night every day of the year. Your tenants will expect you to fix small and major issues in a timely manner. You will also have to deal with rent payments and legal notices. When your property is occupied, Keyrenter Salt Lake can handle your monthly payments and maintenance issues. We can make sure small problems do not escalate into major issues.
If your tenant breaks their rental agreement, you need to know your rights as a landlord. You will be required to give the tenant a legal notice of the eviction. You must follow the proper legal protocols at all times during the eviction process. Omitting a required step could result in you losing out on money that is owed to you. If the court agrees that your eviction meets the Utah rental guidelines, a law enforcement officer will assist you with removing the tenant from your property.
A friendly customer service representative at Keyrenter Salt Lake can help you with all the large and small details. Call us today at 512-596-0055.