How to Handle Security Deposits in Your Salt Lake City Rental Property

Posted on: August 14, 2014 by in Salt Lake City Property Management Education
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There is a new law in 2014 that affects how landlords are required to handle security deposits in Utah, so you’ll want to forget everything you knew before and focus on what is currently required. Now, you have 30 days to send the security deposit back to your tenant. If they aren’t getting the security deposit back, you’ll need to send a letter explaining that. The deposit or the letter has to go to the last known address. In the past, you had to wait for the tenant to provide you with a Continue Reading ...

How to Spot and Avoid Craigslist Scams: Salt Lake City Landlord Education

Posted on: July 22, 2014 by in Salt Lake City Property Management Education
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There are nefarious and shady things that can happen when you advertise your rental property online. Of course there are really only two ways to advertise these days; with a sign in front of your property or online. Obviously, advertising online is going to give you a larger return on your investment. Here is what’s happening: third parties are taking your ad and changing it so the contact info is their contact info, asking tenants to pay them a deposit and then promising send keys to Continue Reading ...

Who Pays for Utilities in My Salt Lake City Rental Home?

Posted on: July 16, 2014 by in Salt Lake City Property Management Education
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Determining who pays for utilities in your Salt Lake City rental home is something you need to decide at the beginning of the relationship you have with your tenant. It’s a contractual issue and something that must be included in your lease. There are a couple of different ways to think about who should pay for utilities. If you talk to city or conservation groups, they will tell you that 100 percent of the utilities should be charged to the tenant exclusively. That is because they will Continue Reading ...

Dealing with Abandonment in Your Salt Lake City Rental Property

Posted on: July 10, 2014 by in Salt Lake City Property Management Education
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Abandonment occurs when your tenants abruptly leave the property, usually because they are not paying rent. There are two different types of abandonment, and in today’s blog we are going to explain them and tell you how to handle each type of abandonment. 1 Day Abandonment When the tenant leaves without making a rent payment and takes all their stuff with them, it’s a 1 day abandonment and it’s easy to manage. You will show up at the property after one day and enter with your Continue Reading ...

4 Signs I Should Fire My Salt Lake City Property Management Company

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Our topic today is identifying reasons that you might want to consider changing your property manager. Before we get into details, it’s important to understand that it’s not a good idea to change property managers as soon as you have a minor issue. A lot of times, better communication is all that’s needed. If you can figure out the problem you’re having, it makes more sense to stay with your current property manager who knows the house and its history. However, there are certain Continue Reading ...

Salt Lake City Property Management How to Reduce Vacancy

Posted on: December 4, 2013 by in Salt Lake City Property Management Education
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When landlords talk about vacancies, remember that the biggest issue in avoiding vacancy in the first place is to not lose the tenants you have in place. However, tenants don’t stay forever and when they do move out; you have a vacant property that you want to get up and running as soon as possible. One thing you can do is lower your rent to attract tenants quickly However, you also want to increase your rental income so lowering the rent is one tool you have but not the first one you want to Continue Reading ...

Tenant Screening Methods of a Salt Lake City Property Manager

Posted on: November 27, 2013 by in Salt Lake City Property Management Education
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The screening process and the background check during your lease up are obviously important. The due diligence you do on the front end as we call it is the most important part of your work as a landlord or a property manager. If you don’t take the time to do these things correctly up front, you will definitely pay for it at the back end. It is really crucial that you put the time and effort into tenant screening. This will give you a much better experience as a landlord and a better time down Continue Reading ...

Salt Lake City Property Management Rental Inspections and Tenant Accountability

Posted on: November 20, 2013 by in Salt Lake City Property Management Education
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When we talk about proper inspections, I always tell owners that the most important interaction they can have with tenants is the walk through inspection. Once you have collected the security deposit and the lease has been signed, it’s time for a walk through with the tenant. I can’t tell you how many owners have hired us and when we ask for the walk through inspection report, they don’t have one. We can’t hold the tenants accountable without an inspection report from before they Continue Reading ...

How to Increase the Rental Price of your Salt Lake City Investment Property

Posted on: November 13, 2013 by in Salt Lake City Property Management Education
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All investment properties get to the point where they need a little love and care put into them. That love and care will come with a price tag. You want to get the properties into shape, but when should you do that and what should you do? You will know it’s time to make some updates when your rent starts to slide over time. When you get to the point that your house has the lowest rent in the neighborhood, you know changes are necessary. Understand the rental market in your area and what you Continue Reading ...

Salt Lake City Property Management Late Rent and Eviction

Posted on: November 6, 2013 by in Salt Lake City Property Management Education
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Late rent and eviction often go hand in hand. When rent isn’t paid, you will most likely need to enter the eviction phase. One of the most important things I tell owners is that when you are collecting rent, consistency is key. If you are not consistent and your tenants don’t know what to expect from you, you will have issues. Rent at Advanced Solutions Property Management is due on the first of every month. It’s late after the 5th and if we receive nothing, the notice to pay or quit gets Continue Reading ...