Before a property investor can begin to collect income to maximize ROI from a rental property, they need to acquire quality tenants. This includes processing rental applications.  Processing a rental application properly is vital! Starting with the information you collect on the form to how you review and analyze information about a prospective tenant, property owners must have a solid process for processing applications and placing tenants. Ignoring crucial regulations or best practices can lead to lawsuits or bad residents in your rental properties.  So, follow these tips from our ..read more

Creating effective rental property listings is essential to attracting quality tenants. A property investor may have a great property, but renters won't be interested if they don't know how to showcase it. Therefore, property listings are more important than investors might think! It's crucial to fill the vacancies quickly but at the same time, filling your properties with the right tenants is essential, too. If you attract low-quality tenants, you may find yourself right back at square one, needing to list the property again. Our Salt Lake property management team has tip ..read more

Finding the ideal property investment is only part of the strategy for success. Several factors go into the ideal property investment, whether it's finding the right neighborhood, the best house, the right lot, or excellent amenities. Sometimes it takes the aid of an investment property management company to help you identify other issues that could affect your ROI. One of these budget factors is your insurance costs, especially when protecting rental properties from natural disasters. You may not consider this when first purchasing a property. However, not having the right policies can leave ..read more

Property investments are a great way to bring in some extra cash. Some investors are discovering that, if done right, they can make rental properties their main line of business.  One vital element that property investors need to do is to be sure they are using the best tools and resources to maximize ROI. Without a robust ROI, the business venture could fall flat.  Hiring an investment property management company is ideal to ensure you have all your bases covered. In fact, it's the #1 thing you can do for successful rental properties! An experienced property manager will overs ..read more

One top priority of a rental property investor is to save money and maximize ROI. So whether it's by finding great deals on properties or discovering ways to get the most out of upgrades, investors must look for ways to increase ROI.  Being proactive about rental property maintenance is an excellent way to accomplish that goal! In fact, when an investor is proactive with maintenance, they experience fewer costly problems that can damage returns. Stopping a little problem before it becomes a huge one helps lower costs while improving ROI.  The most productive way to accomplish this g ..read more

Looking for a new investment property to build your portfolio requires multiple insights to analyze and select a profitable rental! When diving into a new investment property management endeavor, finding rental properties that help you generate optimal ROIs is crucial. That's why it's helpful to map out your plan in advance or identify what goes into operating the perfect investment property. Our Salt Lake City property management team is ready to dive into how you can bring crucial pieces together when analyzing the ideal investment property. Let's take a look ..read more

With the uncertainty in the real estate market today, many business owners and investors may wonder what move to make next to optimize ROI on their rental properties. They may be wondering if they should continue to invest in more rentals, sell what they have, or do nothing.  Is owning rental property in 2022 worth it? The best property management Cache Valley offers has insights that can help you maximize returns this year and in the future.  ..read more

Many factors can impact what happens at lease renewal, including the economy and inflation. For property investors, cost-of-living challenges for renters can affect the return on investment (ROI) when residents struggle to keep up with rising rent prices. However, people may be more apt to rent homes (vs. buy) when the economy puts pressure on the housing market, which is a plus for investors.  In addition, your current tenants may be ready to lock in and secure another year's lease with you when there is economic uncertainty. However, the downside is that expenses go up and may not be b ..read more

Most property investors agree that searching for the ideal property is an important task, but one that isn't always easy. There are plenty of factors to consider when choosing an investment property, with some being more obvious than others.  Most investors realize the importance of a property's neighborhood when selecting a potential home to use as a rental property. However, the wrong neighborhood could ruin your ROIs! Additionally, investors look at the crime rates, property taxes, and more when making their decision.  One neighborhood factor that might not come re ..read more

Renting out a property to others has become a lucrative way to make a nearly-passive income. However, any good investment requires prior research, which is why property owners need to understand the current state of the rental market. You will also need to know how to analyze a property's potential ROI, taking into account the property value, the neighborhood, and even local development before you commit.  Whether you're wondering 'how much should I rent my house for' or simply exploring the possibility of investing in the real estate market, here is what Draper rental property owners ca ..read more