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Property Management Blog

Property Management Blog

Mortgage payments are on the rise

Home buyers are paying more on their mortgages than last year. It may not be a surprise to many that mortgages on average are more expensive than last year. However, the reason for the increase and the amount may be surprising. As reported in the Salt Lake Realtor magazine, Utah home buyers are now paying an average of $152 more ...

Property Management Blog

Venmo and collecting rent as a landlord?

Don’t misunderstand me, I love Venmo but you really ought to think twice before using it in legal real estate applications. Let’s take a look.What a good payment system looks likeFirst things first, let’s outline some of the characteristics of what landlords need from a payment system. When you think of it, there are som...

Property Management Blog

Building Lasting Wealth

Long ago I read a book called “Rich Dad, Poor Dad” by Robert Kiyosaki. I can’t even remember much about the book. However, there was one point that caught my attention that I still think of often. It was about how income flows through different families differently. It was a reflection on how some families prioritize inv...

Property Management Blog

Forbes names Provo – Orem, Utah the 2nd best real estate investment market in the U.S.!

That’s right, we have known for a while that Utah County, referred to by Forbes as the Provo – Orem area, is a special place. You may also have seen home prices in the county on the move as well. Well now the rest of the country knows it as well. On February 1st, Forbes reported in their article Forbes: Full List: Where To Invest In H...

Property Management Blog

3 Steps For Managing Security Deposit Refunds

Having tenants in our rental properties can be great things when we go through the proper suggested tips to find the perfect fit, but just like in anything, there can be ups and downs. Sometimes we find ourselves in situations that are not ideal and we have to start asking bigger questions such as “What do we do from here?” ...

Property Management Blog

Four Things That Will Keep Your Renters Happy

A happy, responsible renter is like gold, and — as with any treasure — you don’t want to lose it. If you want to enjoy long relationships with your tenants, follow these four tips for keeping them happy and ready to renew that lease. 1. No Surprises The best way to ensure a lasting renter relationship is to start out ...

Property Management Blog

Winterizing Your Rental Properties

During these cold winter months it is important for property managers to winterize rental properties. Taking these simple steps will help prevent common weather related damages to rental properties. Spending money on preventative measures will always pay off when major costly damages are avoided. 1. Adjust The Thermostat R...

Property Management Blog

How to Manage Security Deposits

Property managers should always require a refundable security deposit in residential property management properties. This deposit should be kept in a separate account for trust or escrow funds and will be returned to the tenant in part or in full once the tenant has moved out. Security deposits are often the most hostile subject...

Property Management Blog

Breaking the Lease

Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for the most part. However, there are some circumstances in wh...


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