Property Management Blog

You're a property owner juggling multiple rental properties, trying to keep track of income, expenses, and maintenance requests. Suddenly, tax season hits, and you're scrambling to pull together your records. If you've ever felt the chaos of managing property finances or worried about missing something crucial, then you alread...

Collecting rent can often feel like a headache for property owners, especially in a bustling rental market like Salt Lake City. With tenants juggling their own busy schedules, missed payments and delays can quickly turn into major stress points for landlords. But what if there was a way to simplify the process, ensuring rent arrives on ti...

2021 figures from the Kem C. Gardner Policy Institute showed that Salt Lake City had the tightest apartment market in its history. The area is so desirable that prices went up while housing availability went down.The trend has continued since then. It's also led to a rise in concessions such as a month of free rent. These get tenants ...

Do you need help filing your property tax return? Filing tax statements and 1099s is one of the sacred American duties, and the deadline is April 15 every financial year. You'll often require a 1099 form if you get rental income.Do you need to pay taxes on passive income? It can be difficult to navigate the tax system on your own. Rea...

According to the National Low Income Housing Coalition, Utah had more than 300,000 renter households in 2021. With lots of renters comes lots of background checks.A tenant background check can hold up an otherwise speedy rental process. You don't want the time it takes to catch you off-guard.How long do tenant background checks take i...

According to PNAS, around 2.7 million households face evictions each year. In a massive country like the USA, that may seem like a small number, but it does mean that your odds of evicting a tenant are around 1 in 50. That's still a small chance, but it's big enough to warrant that every landlord prepares themselves, just in case....

Salt Lake City, Utah, is the most populated city in the state and continues to grow steadily. With around 210,000 residents, it beats other Utah cities by 75,000 residents.As the city grows, it's a great time to begin investing in Utah real estate. Planning is the first step to entering the real estate market and making a beginner rea...

Renting in Salt Lake City is more affordable than buying. Rent prices average at $1,700 per month compared to mortgages at $3,100 a month. That's an 89% difference.This means landlords will have more applicants, but finding the right one can be like searching for a small fish in a large pond. Hiring the right professionals to hel...

Salt Lake City is one of the hottest rental markets in the U.S. It has great outdoor spaces, ample employment opportunities, and an array of first-class entertainment venues. For real estate investors in this city, the income opportunities are impressive.However, this setup only works if you have qualified, responsible tenants who will tr...

Utah's rental vacancy rate sat around 5% in 2023.As a Salt Lake City landlord, you never want to be a part of the rental vacancy statistic. Keeping your vacancy rates low and your tenant retention high is the key to landlord success, so if you're having issues with these property management metrics, it's time to reconsider you...