Property Management Blog

Profile Tree reports that over 53% of property management companies use software to streamline operations. This statistic highlights the growing reliance on technology to enhance property management.Among the must-have technologies for landlords and property managers is the tenant portal. With this tool, you can efficiently manage rent pa...

In Utah, the average house costs around $529,000 according to World Population Review, making it a lucrative state in which to own a rental property. However, you'll need proper insight into your performance to make the most of your opportunities as a landlord.Real estate asset management is a dynamic field that demands a balance of s...

It's shocking that over 53% of Salt Lake City residents are renters, according to the Census.In Salt Lake City, the demand for rental properties will continue to be steady. However, keeping tenants for the long term can be challenging.Tenant turnover can hurt your profits and create extra work. Here are some tips to reduce tenant turn...

Near the end of 2023, there was an increase in Utah's average rent due to people moving there from California and elsewhere (KSL News Radio).For property owners in Salt Lake City, understanding the factors that influence your property's rental valuation is essential. It's the secret to maximizing rental income and ensuring str...

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....