Owning a rental property in Salt Lake County is a great investment move. However, there are more ways to make your investment even better – attracting millennials to rent it out. Millennials, a generation born between 1981 and 1996, actively lead the real estate market in Salt Lake County and around the country. This is
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Are you a new investment property owner in Salt Lake City looking to save money? Unfortunately, many who are new to overseeing a rental property can also witness the money drain on their bank accounts. That’s because some mistakes can have you spending more money than is necessary, or even cause you to lose money.
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Vetting a prospective tenant is one of the most important things you as a landlord can do to maximize your success. Not only can it impact your profits, but it can also make or break your rental property business. Let’s discuss how to attract the best renters in Salt Lake City. Why Quality Tenants Matter
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Click Here for the reference i9nformation referred to in the video. One of the common steps in screening a tenant is to get verification from previous landlords that the tenant you are wanting to rent to was or is a good tenant. Unfortunately, many landlords don’t want to fill these requests, especially if they are
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In my last tip on reducing vacancy, I briefly mentioned the importance of being intentional with lease renewals. Today I want to dive deeper to give some winning lease renewal strategies. Check out my video above for even more details. When you have a good tenant, you don’t want them to move. Period. That turnover
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Every state permits landlords to ask for a security deposit with the agreement to return it whenever the tenant wishes to leave the property in whatever state they found it in, with the exception of normal wear and tear. However, this term can be different depending on which property owner you talk to across the
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What is the number one killer of ROI?… Vacancy! There are many tactical and strategic ways you can reduce property vacancy, but there’s not enough time to explain all of them here! But, I will be diving deep into them in my upcoming book and podcast, The Successful Landlord’s Playbook. Today, let me touch on
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Are you wanting to sell your tenant occupied rental home in Utah? If so, it’s important that you understand your options and your tenant’s rights. For your specific situation, we ask that you consult your property manager and/or landlord attorney for guidance. There is not currently a Utah State Statute that allows for a lease
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