Property management new

We specialize in Single-Family homes, Duplexes, Condos, and Town Homes. We do not manage commercial, associations, vacation rentals, non-conforming duplexes, rent by the room, or properties not meeting our minimum condition standards.

Yes! We hold the following licenses and accreditations:

• Licensed Brokerage with the Utah Division of Real Estate
• Salt Lake Board of REALTORS®
• National Board of REALTORS®
• Members of NARPM, the National Association of Residential Property Managers
• Accredited members of NARPM holding the RMP®
• Utah Chapter of NARPM.
• Better Business Bureau

1. Lowering Vacancy Costs by leasing homes fast to great tenants who want to stay.
2. Lower Maintenance Costs by not charging mark-ups on routine maintenance, negotiating lower rates, and having resources to recruit great vendors.
3. Increased Time Savings for our owners so they can focus on what they do best.
4. Increased Rent Collection through proven strategies gives us an on-time payment rate of 96%. Our eviction rate of less than 1% saves owners thousands in legal fees and other costs.
5. Lowered Liability & Legal by having legal counsel on retainer, proven lease agreements, verification of insurances, and staying up to date on local and national laws.
6. Lower Costs from Mistakes caused by a lack of an owner’s understanding, knowledge, resources, processes, policies, and structure.

Here’s a free guide for you to view to help you in preparing your home to be a rental: Click Here

Except for cases of vacation rentals or executive housing, we discourage furnishing your rental in a long-term rental situation. Watch the video to learn more.

Watch this video describing how Keyrenter is different from other companies.

1. Treat your rental like a business…because it is a business.
2. Have a financial reserve in a separate bank account set aside for rental properties. We recommend having three months rental payments in reserve to cover the “unexpected.”
3. Expect the “unexpected.” Something is going to happen at some point, it’s inevitable. Whether it’s a major repair, capital improvement, or a tenant that stops paying rent (job loss, etc.). Something will happen, and if you’re prepared financially, with funds set aside, it will not be a big deal.
4. Savvy real estate investors plan on investing 10% of their rental income back into the property each year. Think of it as investing back into your retirement account. Except in this case it’s for upkeep, maintenance, tenant turnover, etc.
5. Plan on maintaining the property and allowing your property manager to keep the property in good repair, looking nice, and up to a good minimum recommended standard.
6. If you have an underlying mortgage, plan on being a month ahead of the rental income. For example, use June’s rental income to pay July’s mortgage payment. Doing this is simply financial common sense.
7. Maintain a good liability rental investment insurance policy, which additionally insures your property manager. Often times you can get discounts by having a property manager.
8. Keep the landscaping simple. If you have flower beds, remove the flowers and lay bark or rock. This will make turnovers much easier and your tenants will thank you for making their lives easier. Remember, less is more!
9. Don’t leave the washer and dryer, unless it’s in an area that requires stackable. You rarely will get more rent, unless it’s an apartment complex. Often times the tenant will have their own. If you provide one, you will need to maintain it, which can be costly.
10. Disconnect emotionally from the property and don’t get too attached to the flowers, or the fact that you may have lived there at some point. Remember, since you decided to turn the property into a rental, it should be treated as a business.
11. Allow your property manager to manage the property. Keep an arm’s-length relationship with your property and allow the professional you hired to make day-to-day decisions on your behalf. An owner that manages the property and tenant by telling the property manager what to do, is most always a recipe for a failed management strategy.
12. Be ok with not knowing all the details. Since you treat it as a business, know the key financial and performance metrics. Leave the rest to your property manager to handle.
13. Remember that since your property is being professionally managed, it is subject to Fair Housing and other laws.

It is strongly recommended to not leave personal belongings or equipment at the property. The exception to this is extra paint, tile, etc.

Don’t even leave a lawn more. If your tenant gets injured using a lawn more you leave at the property, you could be held liable!

Many cities require you register your property and obtain a license. Contact us for assistance with this process.

The short answer is an emphatic YES.

SHORT EXPLANATION

If you don’t add your property manager as additional insured, and you and/or your property manager are sued by a neighbor, tenant, visitor, etc. for something related to the property, you will be required to pay your property manager’s legal fees and expenses out of your own pocket. It is much better to have a unified defense and coverage extending to both parties. That is what the property’s liability policy is for.

As the policy is converted to a rental policy, adding your property manager as additional insured will be commonplace. Often insurance carriers give discounts to owners hiring professional management, because they see their risk is decreased.