rentinutah

Maximizing Your Investment Property's Potential

Wed, 23 Oct 2024 17:43:22 GMT

How Expert Sales and Leasing Services Can Benefit Your Investment

Investing in real estate is a significant step towards financial freedom and building generational wealth. However, the true potential of your investment property is only realized when it is managed and marketed correctly. This is where our specialized services in property management and real estate sales come into play, ensuring your investment thrives in any market condition.

Understanding the Market

The real estate market is dynamic, with trends that can significantly affect the profitability of your investment property. Our team of experts dedicates themselves to understanding these trends, providing you with the insights needed to make informed decisions. Whether it's a buyer's market, a seller's market, or somewhere in between, we tailor our strategies to maximize your property's visibility and appeal.

Property Management Excellence

Effective property management is the cornerstone of maintaining and enhancing the value of your investment. Our comprehensive property management services ensure your property is well-maintained, tenants are satisfied, and rental income is optimized. From routine maintenance to emergency repairs and tenant relations, we handle it all with professionalism and efficiency. This not only preserves the condition of your property but also enhances its long-term value.

Strategic Sales and Leasing

Selling or leasing your investment property is not just about finding a buyer or a tenant; it's about finding the right one. Our sales and leasing services are designed to attract quality prospects through targeted marketing strategies and thorough vetting processes. We understand the importance of matching your property with tenants or buyers who appreciate its value and are willing to pay for it. Our negotiation skills ensure you get the best possible terms, maximizing your return on investment.

Tailored Marketing Strategies

In today's digital age, a one-size-fits-all approach to marketing doesn't cut it. We leverage the latest in online marketing techniques, including social media, email marketing, and SEO, to ensure your property stands out in a crowded market. Our targeted campaigns are designed to reach potential tenants or buyers actively searching for properties like yours, increasing the chances of a quick and profitable transaction.

Seamless Process, Exceptional Results

Our goal is to make the process of managing, selling, or leasing your investment property as seamless and stress-free as possible. We take care of the details, from market analysis and property showings to contract negotiations and closing. With our expertise, you can rest assured that your investment is in good hands, freeing you to focus on what matters most to you.

Partner with the Best

In any market, the potential of your investment property is maximized when you have the right team by your side. Our specialized services in property management and real estate sales are designed to ensure your investment not only grows but thrives. Contact us today to learn more about how we can help you achieve your real estate investment goals.

Remember, in the world of real estate investment, it's not just about owning property—it's about making it work for you. Let us help you unlock the full potential of your investment property!

Spring Into Action: Essential Maintenance Tips for a Beautiful and Functional Property

Thu, 30 May 2024 18:48:31 GMT

Spring Maintenance tips for your home

As spring begins, we hope you are having an enjoyable spring season and you are looking forward to upcoming vacations and summertime activities.

This time of year is a perfect time to refresh and maintain your property and ensure your home looks its best throughout the season and beyond. Here are some springtime maintenance recommendations that you may want to consider completing on your property to keep it in good repair.

Adding Mulch: Refreshing the mulch in your garden beds enhances the aesthetic appeal, helps to retain soil moisture, and suppress weeds. Choose a color that complements your landscape and apply a 2-3 inch layer around your plants.

Adding Compost: Compost is the best material to use around the base of trees. 1-2 inches is best.

Painting Trim: A fresh coat of paint on your property’s railings, exterior man doors and garage door trim can make a difference in its overall appearance. Pay attention to areas that have become chipped or faded over time. This not only protects the wood from weather damage but also looks appealing.

Tree Pruning: Removal of dead or dangerous limbs that may be impacting the house trim or damaging roof shingles can and should be removed at any time. Hire a professional to assess any trees that may be impacting or are near any power lines.

Major tree pruning should be completed in the cold weather months late December, January, or February when trees are dormant.

Renewal pruning of shrubs is generally completed in the fall. However, it is important to determine the type of shrub being pruned and consider the timing. Some blooms or flowers like Lilacs or Hydrangea only bloom on new wood and a hard pruning of these type of plants in late fall or early spring would remove the new growth limiting the amount of blooms.

Conversely, aggressive pruning of shrubbery in the early spring can impact the amount of blooms and flowers on a plant for the entire summer. An example would be aggressively pruning a Butterfly Bush in early spring to encourage or “force” a greater number of blooms on the plant over the summer.

Gutter Repair and Cleaning: Inspect your gutters for any signs of damage or blockages. Clean out leaves and other debris to ensure proper drainage and prevent water damage to your home. Repair any leaks or loose fittings to maintain the integrity of your gutter system. Depending on the situation it may be best to hire a professional to complete the task.

Lawn Care: Early to late spring, aerate your lawn to allow air, water, and nutrients to penetrate the soil more effectively. Aeration also helps keep the lawn from getting lumpy by discouraging unevenness caused by worm castings. Reseed any bare patches and apply a suitable fertilizer to promote lush, green growth. Regular mowing and edging will keep your lawn looking well-manicured.

Window Screens: Wash screens and window tracks. Check for any signs of wear and tear on your window screens. Torn or sun rotted window screens are fairly easy to rescreen. When the screen is removed, take the opportunity to wash the window. Depending on the location of the screen it may be best to hire a professional to complete the task especially if the frame is bent or missing.

By attending to these springtime maintenance tasks, you can enhance the beauty and functionality of your property.

"Maximizing Your Investment: A Guide to 1099-MISC Forms and Year-End Tax Strategies for Property Investors"

MillerandCo.social@gmail.com — Wed, 22 May 2024 14:38:19 GMT

Unlocking Tax Benefits: Navigating Deductions, Credits, and Strategies for Property Investors

Navigating the complexities of taxes on investment property can often feel like a daunting task for investors. It's crucial to understand the implications of 1099-MISC forms and how they play into your year-end financial report. The 1099-MISC form is an essential document for reporting income received from your investment property, excluding rental income, which is reported on a different form. This could include payments received for services, prizes, awards, or other income related to your property investment.

For property investors, staying informed about tax obligations is key to maximizing returns and minimizing liabilities. The end of the year is a pivotal time to review your investment's performance, including rental income, expenses, and maintenance costs. This review not only helps in preparing your 1099-MISC but also in strategizing for the upcoming year.

Moreover, understanding the deductions and credits available can significantly impact your tax situation. Expenses related to property maintenance, improvements, and even travel expenses for property management can be deductible. Additionally, being aware of depreciation rules and how they apply to your property can offer substantial tax advantages.

Ensuring that all income and expenses are accurately documented is paramount. This meticulous record-keeping not only facilitates smoother tax filing but also equips you with insights into the financial health of your investment. Remember, consulting with a tax professional can provide personalized advice and help navigate the specific nuances of your investment property taxes.

In conclusion, the end of the year is an opportune time for investors to get a handle on their taxes, particularly concerning 1099-MISC forms and their overall financial performance. By staying informed and proactive, investors can optimize their tax outcomes and set the stage for continued success in the world of property investment.

Benefits for first time home buyers!!

Tue, 17 Dec 2019 20:38:43 GMT

Striving to help people achieve their dreams of home ownership!

Hey everyone.. it's Dana Holton with Miller & Company. I closed on a home today!! It was so much fun to be able to help my clients buy a home for the first time! Educating them and guiding them through this process has been so rewarding for me!! Their smiles made my day and are the reason why I love my job so much!

We love helping families get into their own home. This is an essential part of the American dream that conveys a number of economic benefits, such as the ability to accumulate wealth and access credit by building home equity, reduce housing costs through the mortgage interest and real estate tax deductions, and gaining long-term savings over the cost of renting.

There are a lot of awesome programs for first time home buyers that qualify which offer discounts on mortgage insurance and on your interest rate as well. There are even programs that offer 100 % financing if you are short on a down payment or need help on your closing costs! There are a lot of different options to help your dreams of home ownership come true!

Miller & Company truly appreciates our tenants, and works hard to help them become home owners! This cute family that I helped rented a home from Miller & Company for 10 years in West Valley City. Now they are home owners themselves. Yay!! Now it’s time to celebrate!! Give me a call to discuss any of your housing needs! Dana Holton with Miller and Company 801-259-0008 or our office number is 801-566-6600.

What is the Eviction Process in Salt Lake City, Utah?

duncan.shea@appfolio.com (Appfolio Websites) — Wed, 24 Oct 2018 07:00:00 GMT

With a great tenant screening process, evictions are rarely necessary anymore. There are circumstances when a tenant has not been screened properly, or in rare cases, a great tenant becomes someone we have to evict. We try to do everything we can to avoid eviction, but sometimes it’s our only option. If eviction is necessary, it is very important to follow the law exactly so there are no chances of the case being dismissed or a countersuit being filed.

The Eviction Process

There are two different options to begin the eviction process. One option is to post a Three Day Notice to Pay and/or Comply with the Lease Terms. If the tenant does not adhere to this notice, the lease can then be terminated, and an eviction can be filed. The other option is to give a Three Day Notice to Quit, which does not give the tenant the option to correct the situation, rather allows them to either move or be evicted. Reasons for eviction may include:

The tenant is running an illegal business on the property or committing a crime at the property.
The tenant is damaging the property.
The tenant is creating a nuisance within the property (In this instance it is crucial to have multiple police reports or corroborating witnesses to back it up).

In Utah, an eviction is called an unlawful detainer. Once the three days are up and the unlawful detainer is filed, the court will schedule a hearing within 10 days. The court will deliver a summons to the tenant letting them know when and where to appear if they wish to contest. If they do show up to contest, this will add to the eviction time, however, as long as the rules are followed, Utah law allows landlords to recover attorney fees once the case is won.

The Writ of Restitution

Once you win your case, you can apply for a Writ of Restitution from the court which instructs the tenant to vacate the premises in three days or less. This will be served to the tenant along with a blank request for a hearing. If a hearing is not requested by the tenant or the tenant does not vacate, the Writ of Restitution allows the sheriff to remove the tenant.

Removing Belongings from the Property

Salt Lake City Property Owners’ FAQs about Emotional Support Animals & Utah Housing Laws

duncan.shea@appfolio.com (Appfolio Websites) — Tue, 02 Oct 2018 07:00:00 GMT

Service animals and companion animals are the topic of our discussion today, because you need to know what you can and cannot do when you have a tenants with service dogs or emotional support animals (ESA).

First, some definitions. Service animals help people with disabilities. For example, a guide dog will help a person who is blind. Companion animals offer emotional support for people suffering from issues like anxiety and depression.

Fair Housing Laws and Service/Companion Animals

The Fair Housing Act is a federal law recognizing the importance of service and companion animals. It does two important things; it prevents landlords from discriminating against people with disabilities, and it requires landlords to make reasonable accommodations for people who have disabilities.

Not all landlords are required to follow the Fair Housing Act. Small landlords who own fewer than four rental units and don’t use a broker or a rental agent are exempt.

What are Reasonable Accommodations?

A reasonable accommodation is a change in rules or services that allows someone with a disability to enjoy their home like anyone else. Examples of reasonable accommodations include:

Allowing tenants to install a wheelchair ramp to their apartment.
Providing a reserved parking space for someone with a disability.
Allowing blind tenants to have service dogs, even if pets aren’t allowed.

If a tenant’s handicap causes more than one daily life function to be limited, it’s possible that the tenant will need more than one service animal. For example, a resident may have an emotional support animal to help with anxiety and a guide dog to help with sight. It’s unlikely to be a reasonable accommodation when more than one animal is used to help with the same disability.

Verifying Information with Medical Professionals

You can verify certain information with a medical professional. Landlords are permitted to verify that the service animal has a connection to the tenant’s disability. You can ask how long the animal will be necessary, and confirm that the tenant meets the definition of disabled as defined by the Fair Housing Act. You can also require that documentation comes from the medical professional who is actively treating the tenant.

If the medical professional who signed the accommodation request will not speak with you, provide your applicant or tenant with a no-decision letter.

Service Dogs and Emotional Support Animals (ESA): What you cannot do

How to Make Money in Salt Lake City Real Estate Investing

duncan.shea@appfolio.com (Appfolio Websites) — Tue, 29 May 2018 07:00:00 GMT

Before you buy a residential investment property, you need to have a strategy in place. Today, we’re talking about a couple of different investment strategies that people use when they’re buying single family homes, plexes, condominiums, and townhomes.

High Return Rates on Investment Properties

There are many investment strategies to follow. Some investors are more concerned with quick profits and high rates of returns. To access this, you have to invest in lower value rental properties. These homes will require more intensive management and come with more risk. You’re likely to experience more turnover, frequent collection activities, and numerous maintenance issues. The properties are more work, but you often stand to make more money. The primary concern for these investors is cash on cash. You wouldn’t be as interested in long term appreciation or rate of return.

Buy and Hold Investment Properties

Another method, and one that is our favorite, is the long term strategy of buying and holding. This is good for properties with rental values in the mid-range, all the way up to homes in the luxury market. You many not gets as much cash on cash value, but you’ll have a more stable tenant with a higher income, a better credit score, and a longer tenancy. This strategy requires purchasing the right type of property, having a long term professional management plan in place, and properly maintaining the home. You’re looking for high occupancy rates and high rents.

This type of investment strategy allows you to become wealthy over time, especially if you acquire many properties. Rents will go up, and your property values will appreciate. That has been the trend for the last four decades that we’ve been involved in property management.

Many of our clients have owned the same properties for 10, 20, or 30 years; even longer. With this type of strategy, you’ll get rich slowly but surely. Spreading the risk over multiple properties is optimal.

Why Rental Owners Should Work with a Salt Lake City Property Management Company vs. a Realtor

duncan.shea@appfolio.com (Appfolio Websites) — Tue, 15 May 2018 07:00:00 GMT

There are several advantages to having a property management company manage your investment property instead of a real estate agent. With a management company, you’re getting a team of professionals with years of experience and systems in place that can protect you and your property.

At Miller & Company Real Estate and Property Management, we have full-time employees to take care of all related property management tasks. It’s our focus.

Tenant Screening and Tenant Placement

We conduct a thorough screening for qualified and reliable tenants. Good tenants usually cause less wear and tear on the property, they rent for longer, they pay rent on time, and they cause fewer problems.

An experienced management company has seen thousands of applications, and knows how to discover the real facts about a rental candidate. We can analyze applications for red flags.

By allowing a management company to handle your tenant screening, you will protect yourself against fair housing lawsuits. There won’t be any inconsistencies in the screening process, and you won’t have to worry about the perception of discrimination.

Understanding Landlord Tenant Law

Professional property managers are current in landlord and tenant laws. You won’t be vulnerable to lawsuits and claims. Avoiding a single lawsuit can pay for your property management fees and spare you a lot of wasted time and stress.

Rental Property Maintenance and Inspections

Your property management company can increase the value of your investment. We’ll perform periodic property inspections. Preventative maintenance is achieved by putting systems in place to catch repair issues early, before they become costly.

A team of experts can offer suggestions and feedback on upgrades and modifications that will preserve the condition of your home and help it rent quickly. Your property manager will arrange and oversee maintenance and repairs, manage renovations, and take care of major replacements. Your repair costs will be lower because you’ll have access to a network of licensed, bonded, and insured contractors who have already been vetted for affordability and quality of work. This provides significant savings. You’ll get volume discounts, and your management company will know the contractors who are working on your property. They’ll understand maintenance issues and intelligently supervise the work.

At Miller & Company, we also have an in-house maintenance team that knows the properties we manage. Our system provides flexibility for tenants who want to put in a maintenance request online or talk to an agent 24 hours a day.

Communication and Transparency

Vacancy time between rentals is minimized when you work with a professional property manager. We have two full-time leasing agents focused on renting out your home as soon as possible.

A good property manager makes it easy to manage your money. You’ll get updates along the way in the form of easy-to-read owner statements. You can expect electronic disbursements, cash flow statements, and consistent rental policies.

Troubleshooting Garbage Disposals

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 16 Apr 2018 07:00:00 GMT

Troubleshooting Garbage Disposals – Maintenance

First of all you’ll want to unplug the disposal or turn off the power for safety purposes. Once that is complete, if there is a humming sound but no movement you’ll want to get an Allen wrench and put it in the bottom of the disposal you can try to turn it back and forth about a half turn and then plug it in and see if that freed it up.

If there is no noise, make sure the device has power. It could be connected to a GFCI that needs to be reset or a breaker could be tripped.

CO And Smoke Detectors

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 16 Apr 2018 07:00:00 GMT

CO And Smoke Detectors

There are many different types of CO and Smoke detector so make sure you know the details of your specific type and get familiar with it’s operation. These are just some basic guidelines.

You’ll need to make sure that every bedroom has a functioning smoke detector with functioning batteries, as well as one in the common area of each level. Check the batteries frequently and make sure the detectors are working. There should also be at least one functioning CO detector on each level. Make sure to refer to the users manual for your specific detectors to determine placement and functionality.

Texturing

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 16 Apr 2018 07:00:00 GMT

Texturing Walls and Ceilings

Texturing walls and ceilings is a good way to add some style and hide imperfections in the drywall. The best way to do this is to seal it with primer first. Once you’ve primed it you’ll want to mix some mud with water to your desired consistency. About one cup of water to a gallon of mud should be a good start.

You can apply texture with any number. Anything from a large sponge to a mop or whatever else you think would give you the look you’re after. You can experement with this and try different things until you’re happy. It’s also a good idea to play around with the consistency of the mix. It will take a little bit of practice to get it to look just right and it will also take some practice to learn to knock it down the way you want. For more information on this, please refer to the video and if you have any questions, give us a call!

Patching Walls

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 16 Apr 2018 07:00:00 GMT

Patching Walls – Maintenance

So today we’ll show you how to patch any imperfections or even holes in the wall. If it is a big hole, you’ll need to get some mesh tape or a backer to put the mud on first. For small imperfections like the one in the video you won’t need to do that. If you’re doing several patches at once, it may save time to start with the biggest/deepest holes first so they have more time to dry.

First step is to get some spackle and smear it over the hole or imperfection. Then you’ll want to scrape off any excess. As it dries, it will shrink a little bit so you may have do a second coat. Once it’s dried, sand it so it’s flat.

Next, you’ll want to prime the patch for paint. If you don’t prime it before painting it won’t look the same. It will look dull and not smooth. I usually just get a spray can of primer unless I have a lot of priming to do. Once the primer has dried you can go ahead and paint.

If you don’t have the same paint you’ll need to get a paint match. You can cut out a square about one inch wide and take it to the hardware store to get a match.

If you have any questions, don’t hesitate to ask.

Thanks for watching, and have a great day!

The Importance of Tenant Screening for Your Salt Lake City Rental Property

duncan.shea@appfolio.com (Appfolio Websites) — Fri, 06 Apr 2018 07:00:00 GMT

As a landlord, your tenant screening process will help you find qualified renters. Then, you’ll have to choose one of those tenants for your property. Today, we’re providing some tips and best practices on how to do that.

Just having a solid qualifying process will automatically weed out poor tenants or professional tenants. When people have a history of eviction or serious problems with landlords, they won’t apply through a professional property management company, or with a landlord who has a good tenant screening process.

Property Management in Salt Lake City: Minimum Requirements

We use a couple of good qualifying indicators as well as recommended minimum requirements.

First, do a renter verification and check an applicant’s rental history. This can be an indicator that’s more accurate than credit or employment. People may have bad credit but always pay rent on time and take good care of rental properties. Someone with a great job and terrific credit may have a history of trashing rentals. Talk to current and former landlords, and find out what kind of tenants these applicants have been in the past.

You’ll also want to check credit. While it doesn’t necessarily mean you’ll have a good or bad tenant, a credit screening will tell you if an applicant is financially responsible.

Solid employment history is a great indicator. Someone who has been in a job for a while is often a dependable renter who can afford to pay rent on time.

In Utah, you can check criminal records and ask about convictions. Check your local laws to make sure there aren’t any restrictions. Remember also that convictions are different than arrests. In the United States, we are innocent until proven guilty. Depending on the crime, denying a tenant with a record doesn’t have to be automatic. Some felonies may even be permissible if they aren’t violent or recent.

Property Management in Salt Lake City: How to Choose a Tenant

If you don’t have a property management company screening tenants for you, it’s possible to just choose your favorite applicant who is qualified. If you are working with a property management company, they will probably have a system in place. It’s important to stick with that system and be consistent. The first come, first served system is recommended because it will help you avoid lawsuits. This is a cut and dry way to choose a tenant, and you can demonstrate there is no discrimination. Some property managers also have a system where you rank tenants from most to least qualified. Just make sure the system is clear and documented.

Top 6 Things to Consider When Turning Your Home into a Salt Lake City Rental Property

duncan.shea@appfolio.com (Appfolio Websites) — Wed, 14 Mar 2018 07:00:00 GMT

There are a lot of things to consider when you’re turning your home into a rental property. Today, we’re talking about how to rent your house and what you need to do.

Converting Primary Residence: Insurance

First, look at changing your insurance policy to a landlord insurance policy. Any time you have people on a property you own, you take on some degree of responsibility. This type of policy includes reimbursement for lost rental income, and covers situations where the home needs to be repaired or rebuilt from a covered loss.

Property Management in Salt Lake City: Permits

You’ll also want to determine whether you need permits. For residential property to convert into a rental property, a permit is often required. The requirements can vary from city to city. They are usually low in cost and in place to make sure rental dwellings are safe and healthy for tenants.

Repairs and Upgrades: Preparing Your Home

Establish a good idea of the market your home is in, and get to know the competition you will be dealing with. People use their senses when making housing decisions. Make sure your home smells good, is freshly painted, and clean. Anything that’s severely outdated should be replaced, providing it’s an affordable fix. You will want to build the cost of your upgrades into the rental rate, so don’t go overboard with your improvements.

Salt Lake City Property Management: Tenant Placement

Finding a qualified tenant is also important. Make sure you fully understand the fair housing laws. They are in place to prevent discrimination against several different protected classes. One of the keys to avoiding discrimination is to make sure you treat everyone the same. Renting to the first qualified applicant is a good way to avoid discrimination. Check criminal and credit records when screening, and examine the tenant’s previous rental history. You’ll get a good picture of what kind of tenant you’re renting your home to.

Pricing Your Property: Rent Amounts

To come up with the proper rent amount, you’ll need to do some research. Get a good understanding of your competition, and find out what homes around you are renting for. You’ll need to compare the size and condition of your own home to the others on the market.

Property Management in Salt Lake City: Documents

Proper documents and contracts are an essential part of renting out a home. You will probably need your own attorney if you’re planning to create your own lease agreement and forms. A good property management company can help with the rental paperwork.

Should I Rent or Sell My Home? | Salt Lake City Property Management Advice

duncan.shea@appfolio.com (Appfolio Websites) — Tue, 27 Feb 2018 08:00:00 GMT

There are several things to consider when you’re deciding whether to sell your home or rent it out. Today, we’re discussing your options and how to choose the right path for your current situation and your future plans.

Renting vs. Selling a Home: Expenses

The first thing to consider is whether or not you’ll be able to collect enough rent money to pay for your mortgage and other expenses. If this is possible, I would encourage you to take this route. It’s a great way to get your mortgage paid off. Later in life, you can sell your home for one lump sum and have some extra retirement money, or you can supplement your income with rent. Or, you can accrue more than one investment property and live off your rental income.

If you cannot cover your costs with rent money, consider whether you can cover the deficit and whether the property value will increase over time. You’ll also need to decide whether it seems worth it to cover the cost for a few years.

Property Management Salt Lake City: Tax Benefits to Renting Out a Property

If you can rent out your property, it’s likely you won’t have to pay taxes on that rental income. There are several tax deductions to consider. For example, on a $300,000 home, you can usually deduct about $11,000 annually from depreciation alone. There are other expenses you can deduct at tax time, too, such as traveling to and from your investment property. The great thing about real estate is that it continues to appreciate, even as you get tax deductions for depreciation.

Rent or Buy a House: Relocation

How Do Salt Lake City Rental Owners Benefit from a Good Property Management Company?

duncan.shea@appfolio.com (Appfolio Websites) — Wed, 31 Jan 2018 08:00:00 GMT

Choosing a property management company can be the most important decision you make since buying your investment property. Today, we’re discussing what to look for when you’re hiring a management company. This is the first blog in a two-part series. In the next blog, we’ll talk about what to watch out for when you’re choosing a management company.

Rental Property Management: Tenant Relations

Look for a management company with a good qualifying process. A seasoned eye will see red flags that less experienced people won’t notice. You’ll get better quality tenants who will stay in the home longer. You’ll have a lower vacancy rate, tenants who pay on time, and less wear and tear at your property.

Working with a well-qualified professional saves you from having to take calls from tenants and show your property to prospective tenants. A good property manager will also protect you from costly lawsuits.

Property Management Salt Lake City: Marketing

You want a property manager who can save you time on vacancies. Look for a tried and true advertising and marketing system. This should include marketing through a couple dozen different avenues. You need a manager who knows the best terminology and phrasing, which will get the most attention for your property.

Salt Lake City Property Management: Repairs and Inspections

Ask about a property manager’s maintenance process. Your property manager should be able to get all the repairs done in a timely and cost effective manner. A good property manager will set your rental price correctly and save you money on maintenance and repairs. Many management companies have their own in-house maintenance teams. These are well-qualified professionals who can handle any maintenance needs that come up. Some property management companies also have good relationships with vendors, which results in bulk pricing. Sometimes, vendors work exclusively with certain property management companies. Ask these questions when you’re interviewing a manager.

A good management company will also conduct regular inspections. You want to know your house is being cared for properly. Inspections also allow your manager to notice any preventative maintenance issues that need to be taken care of before they become bigger and more expensive jobs. This saves you money and time.

Rental Property Management: Systems and Procedures

Look for a property management company with systems in place. Most importantly, you’ll want a manager with a process to collect rent on time and handle any situation where rent isn’t paid on time. There should be late fees and a process for serving three day notices. If necessary, your property management company should be prepared to file for eviction.

Why It Pays to Work with Miller & Company for Salt Lake City Property Management

duncan.shea@appfolio.com (Appfolio Websites) — Tue, 28 Nov 2017 08:00:00 GMT

I am Kyle Miller, and I founded Miller & Company in 1981. We have been involved with property management ever since. We specialize in managing finer single family homes, condos, townhomes and plexes in Salt Lake City and the surrounding areas. Today, we are going behind the scenes to introduce you to our valuable people who make up the property management staff. We’re here to help and serve, handling the different objectives that all our owners have, whether it’s to buy, sell, rent, or invest.

Property management doesn’t cost; it saves. That’s a slogan we try to prove every day.

Property Management in SLC: Protecting Your Property

I’m Dana Holton, a Realtor at Miller & Company, and the director of sales and marketing. I receive lots of questions about renting out a real estate investment. Most owners want to know how they can be sure their tenant is taking good care of the home.

Careful tenant selection helps protect your home. We make sure tenants fully understand their responsibilities so we can be sure they’re taking good care of the home. We also thoroughly review the lease with the tenants and make sure they understand all the rules and regulations.

Conducting routine inspections is important to us. These may be during times we’re already at the property, doing a repair or taking care of maintenance. At those points, we take the time to look around. We can also schedule a preventative maintenance inspection. We use that to make sure there are no unreported damages. If we do find damage, we ask the tenants to take care of and pay for those repairs. It’s important for us to treat your home as if it was our own.

Salt Lake City Property Management: Marketing Vacant Properties

We’re also asked how we market when properties are vacant. The majority of tenants begin their search online, so we concentrate our marketing efforts there. We post our advertisements on rentinutah.com, which sends listings to over 100 rental websites including Trulia, Hotpads, and Zillow as well as advertise locally on sites like KSL and the MLS. We place signs in front of your home with our name and logo. This is effective since our signs are so well known after being in business for over 35 years.

Our own in-house leasing staff ensures your home is given the time and energy it needs to get rented as soon as possible.

Salt Lake City Property Management: Leasing and Screening

I’m Mike Shipler, a leasing agent and one of the people you’ll speak to when you bring your property into management with us. We know your property is your most important asset, and I want to explain our process for finding you the best tenant. All our applicants go through a background check. This includes a landlord report so we know how they act as tenants. We verify employment and income and look at their credit report, look for evictions, unpaid utilities, and collections from property managers, as well as look for criminal histories and check the sex offender database. We check for anything like tax liens or other things that wouldn’t show up on a credit report. Tenants have to be able to afford your house, so we make sure the tenant’s debt ratio and rent ratio is held to a high mark. We don’t want to put people into a home they can’t afford.

Property Management in Salt Lake City: Maintenance

I’m Chris Brim, and good property management starts with good property maintenance. Our team takes the headaches out of your maintenance needs. We work with licensed and insured contractors, and an in-house maintenance staff, which can respond in a timely manner to both tenant requests and owner requests.

Rob and Darin have over 30 years of experience between them. They are familiar with the houses we manage and they help us keep costs down.

Salt Lake City Property Management: Technology

I am Christine Gunn, the office manager. I’ve been here for 12 years, and I can tell you we always stay ahead of the curve with cutting edge technology. All of our properties are in a secure cloud-based software. This helps us handle anything that comes up. Tenants can pay rent quickly and securely online and pay their balance or place work orders. Owners can view statements anytime online, and receive their payments quickly and securely with automatic ACH payments.

Hi, I’m Bronson Miller. We offer the highest level of customer service and the most competitive prices with a straightforward and cost effective fee structure. There are no hidden fees or costs to get started. You won’t pay management fees if your property is vacant or your tenant doesn’t pay rent. Between the 10 of us, our professional property management team has over 150 years of combined experience.

When to Avoid Salt Lake City Property Management Companies and Why

duncan.shea@appfolio.com (Appfolio Websites) — Wed, 01 Nov 2017 17:46:49 GMT

This is the second part in our blog series on what to look for in a property manager. In the first part, we talked about specific things to look for. Today, we’re talking about what to avoid when you’re looking for a manager to take care of your most valuable assets.

Property Management Salt Lake City: Experience

One of the most important things to watch out for is a new and inexperienced property manager. There are a lot of new companies popping up all the time, and many of them don’t last. Seek a company with a decade or two of experience doing business.

Property Management Salt Lake City: Fee Structure

It’s also a good idea to ask about fee structures. Most managers charge between 8 and 10 percent of the monthly rent. But, watch out for managers who will charge you even when no rent is coming in. You might find a manager who only charges 7 percent in management fees, but continues to collect that fee every month, even if they haven’t collected rent. This provides no incentive to keep your vacancy rate down. It’s a good idea to make sure a property manager doesn’t get paid until you do.

Rental Property Management and Maintenance

Choose a management company that is willing to deal with maintenance issues in a way that works for you. Some companies will spend money on repairs without notifying you. If you trust them, that may be acceptable to you. But, it’s a good idea to set a certain dollar amount and ask to be notified before any repairs are approved above that amount. Watch out for property managers who add an exorbitant fee on top of repair expenses. Some managers will add an additional 10 percent, but this does fluctuate from company to company. Watch out for that.

Rental Property Management and Technology

A good property management company is up to date with the latest software and technologies that can make them more efficient. Ask to see a sample of a report they run for their clients. If they cannot produce that through an automated system, you might want to keep looking. If they can produce an automated report, they will probably be efficient and accurate with their systems. It’s also important to make sure that they will give you a monthly statement with your rent payment in a timely manner.

Property Management Salt Lake City: Sensing a Good Fit