Utah

Thu
26
Dec
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Rental Housing Journal - Utah - December 2013

 

 

 

 

Rental Housing Journal Utah is published by Rental Housing Journal each month in conjunction with Utah Apartment Association. We are the business journal for the landlords, apartment owners, property managers, multifamily investors and other real estate professionals in Utah. Thanks to our sponsors! Affordable Building Maintenance Alpine Cleaning & Restoration Specialists Anderson GMI Insurance Bonneville Asphalt & Repair Llc Century Link (Formally Qwest) Davenport Foundation Repair Dun-Rite Manufacturing Find & Rent Gary's Handyman Plus Hainsworth Laundry Rentegration.com Salsbury Industries Mailboxes Smith Knowles P.C. Surface Tech Utah Department of Health Walter T Merril, P.C.

 

Thu
19
Dec
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Vacancy Rates Hit 6 Year Low

Vacancy rates for apartments have fallen to a six year low of 4.7% in the greater Salt Lake area while rent growth has accelerated to a annually adjusted 3.9% according to the mid-year report from EquiMark multifamily investment services. The report is based on data provided by 60,000 rental units in the area.
According to the report, "the economic fundamentals in the Salt Lake Rental market continue to favor apartment owners. Strong job growth, increasing population, low unemployment and escalating single family housing prices have all teamed to create sustainable rent growth and the lowest vacancy rate (4.7%) since 2007."

Thu
19
Dec
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Vacancy Rates Hit 6 Year Low

Vacancy rates for apartments have fallen to a six year low of 4.7% in the greater Salt Lake area while rent growth has accelerated to a annually adjusted 3.9% according to the mid-year report from EquiMark multifamily investment services. The report is based on data provided by 60,000 rental units in the area.
According to the report, "the economic fundamentals in the Salt Lake Rental market continue to favor apartment owners. Strong job growth, increasing population, low unemployment and escalating single family housing prices have all teamed to create sustainable rent growth and the lowest vacancy rate (4.7%) since 2007."

Thu
19
Dec
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Ask The Director:

Dear Paul,
I do not allow pets at my rentals but my tenant wants a companion animal, and I only allow service animals. I do not want an apartment full of animals that will make a mess and destroy my property. How do I clarify this so my renter will leave me alone?
Vicky K.

Thu
19
Dec
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Dealing with the Media

Imagine sitting peacefully in your office when suddenly you hear a knock at the door. You open it to find bright lights in your eyes and a microphone pressed towards your face as you are confronted with hostile questions about a dispute that you’ve been having with a tenant. What was a simple matter that you thought you were handling in routine manner suddenly is sensationalized and is a major story on the 9:00 news.
It’s a nightmare you’ve hopefully never had to face, and hopefully never will. But what do you do if you are put in that situation?

Wed
20
Nov
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Rental Housing Journal - Utah - November 2013

Rental Housing Journal Utah is published by Rental Housing Journal each month in conjunction with Utah Apartment Association. We are the business journal for the landlords, apartment owners, property managers, multifamily investors and other real estate professionals in Utah.

Thanks to our sponsors! Affordable Building Maintenance Alpine Cleaning & Restoration Specialists Anderson GMI Insurance Bonneville Asphalt & Repair Llc Century Link (Formally Qwest) Davenport Foundation Repair Dun-Rite Manufacturing Find & Rent Gary's Handyman Plus Hainsworth Laundry Rentegration.com Salsbury Industries Mailboxes Smith Knowles P.C. Surface Tech Utah Department of Health Walter T Merril, P.C.

Thu
07
Nov
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Rocky Mountain Power has a Hot Deal to Keep Your Tenants Cool!

By Nate Murray Sr. Account Manager

Thu
07
Nov
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Don’t Say No – Say Yes If…

By L Paul Smith

This year, while at a conference, I had dinner with a friend who used to own a property management company in Utah. He now owns a bigger property management company in Las Vegas. While we were talking, he reminded me of a phrase he learned from the UAA 10 years ago at a training and told me how following that advice has helped his company. What he said was this.
“One of the reasons we are doing so well is that on most of the single family homes we manage, we get huge deposits - between $3,000 to $6,000 in some cases. I learned that from the UAA. Because we get such huge deposits, we almost never have any problems. The tenants pay rent on time. They don’t damage the properties. But if they do, we have these big deposits to cover us. It just works really well.”
He went on to explain the reason he gets big deposits and has so many less problems than he used to is that he religiously follows the “Don’t say no – say yes if…” philosophy.

Thu
07
Nov
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10 Landlords Found Discriminating by Testers

By L Paul Smith

In the first half of 2013, ten discrimination complaints were filed with the Utah anti-discrimination division by the Disability Law Center as a result of fair housing testers.
In each case, the DLC tested the landlords twice and each time found them to be discriminating. Of the ten cases, two have been settled so far. Settlements included landlords agreeing to take fair housing training and making contributions to the DLC to offset the costs of testing.

Thu
07
Nov
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Cameras Can Reduce Crime and Cost

By Greg Cope, Addtech Controls

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