3 Keys to Achieving Maximum Return on Investment With Effective Utah Property Management

Landlording can be a very difficult and tricky business. However, it can also be an extremely profitable one as well, when managed correctly.

Home Results Realty’s Utah rental management program takes the guess work and worry out of being a landlord and puts you in the driver’s seat of a property management Utah system designed to achieve the maximum return on investment from your Utah rental property.

Our property management Utah services are designed around a proactive method of management proven to reduce long-term operating costs and improve the quality of occupants, as well as the overall tenure of their lease. Our property management Utah approach focuses on effectively managing the three primary cost areas inherent in rental management:

• Vacancy

• Maintenance and repairs

• Credit Loss

Controlling Vacancy Costs

Managing vacancy through a combination of exceptional tenant selection and effective property management is the first and primary key to profitable property management in Utah. It doesn’t take a mathematician to understand that paying even one mortgage payment on a vacant house can quickly erode a year’s worth of profits on a single-family rental property.

Accordingly, the Home Results Realty property management Utah solution focuses first and foremost on reducing your exposure to vacancies in two different ways; by utilizing cutting edge systems and marketing practices to fill your vacancies fast, and by utilizing an effective system of tenant placement to best source and manage long-term, quality tenants who will pay rent consistently and reliably.

By maintaining a number of high-ranking web sites, extensively advertising your property through both online and offline media, and consistently building a list of potential occupants along the Utah Wasatch Front, Home Results Realty has the ability to occupy most rental properties in under 30 days with high-quality occupants.

Even more importantly, however, are the lengths we take to ensure that your occupant will prove to a be a long-term, paying client. With Home Results Realty as your Utah property manager, our team of experienced rental management agents will:

• Properly assess your occupants’ credit worthiness through a detail application, credit report and employment / income verification

• Avoid potential immigration challenges by verifying your occupants’ US citizenship

• Eliminate convicted felons or potential sex offenders from occupying your property

• Determine whether your occupant is a high risk of future non-payment, bankruptcy or eviction

• Ensure that your occupant has a proven track record with previous landlords / Utah property management companies

• Gauge the overall character and cooperativeness of your tenant – often times the single most important aspect of rental management

Controlling Maintenance and Repair Costs

The second largest cost area that can affect the overall profitability of your rental property is repairs and maintenance. Fortunately, this is one area that can be effectively managed under the right property management Utah strategy, and should be a key point of concern when evaluating Utah property managers.

Effective management of repairs and maintenance requires preventative measures and is achieved through routine site inspections of your rental property to ensure that your rental is being maintained consistently by your occupants, and low-cost maintenance items, like changing HVAC filters, happen automatically before they can become big-ticket maintenance concerns.

Rest assured, however, that when your rental property does require maintenance and repairs that you have a team of qualified professionals available to assist you at very reasonable rates. Through our in-house maintenance team Home Results Realty can manage your property’s maintenance requirements ranging in complexity from simple repairs like faucets and toilets, to complete remodels and property rehabs. We also provide emergency repair handling for crucial issues with your property, ensuring that your occupant’s needs are met in a timely fashion, and ultimately providing the customer service that will help secure your occupant’s lease renewals, year after year.

Controlling Credit Loss

The last major cost that can erode your property’s profits is credit loss, or managing collection efforts if and when occupant’s do not pay on time or at all.

To mitigate some of the issues surrounding credit loss, Home Results offers several convenient ways for your occupants to pay their rent including automatic checking withdrawal and the ability to pay rent via credit or debit card.

Because the staff at Home Results Realty goes to great lengths to maintain quality relationships with your property’s occupants, we are usually able to rectify issues surrounding non-payment in the most expeditious manner possible without damaging the tenant relationship. However, in the interests of keeping your property occupied with paying customers, Home Results Realty employs an aggressive method of managing rent collection and handles evictions quickly when necessary.

Our Utah property managers will deliver a 3-day notice to pay rent or vacate any time your occupant is 2 days late on rent. Over time our staff has found that being clear up front on the ramifications of non-payment, and seriousness involved, resolves over 95% of all late or non-payment concerns. However, when it matters and the occupant must be evicted, this process helps to ensure that your property will be available to market to new applicants quickly and your associated vacancy expenses remain as little as possible. Home Results Realty and it’s collection agents can then go to work on collecting any outstanding amounts from your previous occupants to ensure your exposure to credit loss remains at a minimum.

Click HERE to find out more about the Home Results Realty’s Rent to Sell Management Program