Freqently asked Questions About property management Salt lake City utah

QUESTIONS THAT ARE FREQUENTLY ASKED BY NEW CLIENTS

Q: What determines the rent for my property?

A: Ultimately the rental market. We use our marketing skills, analysis, and judgment to optimize rents in accordance with your goals.

Q: How are the security deposits handled?

A: Security deposits are deposited into the trust account. They remain in the trust account until the tenant vacates the property. By Utah State law, any security deposit money due the tenant must be refunded within thirty days (30) days.

Q: How are tenants selected?

A: We carefully screen each prospective tenant application and verify rental history, employment, and obtain a report which includes credit, evictions and criminal history.

Q: Do I pay for processing the tenants' applications?

A: No. You pay nothing.

Q: Who pays for maintenance and repairs to my property?

A: The owner pays for maintenance and repairs unless, in rare cases, the tenant has agreed to assume responsibility or the tenant has caused the damage.

Q: Who pays for the marketing of my property?

A: We pay for all sign age and labor costs related to marketing your property for rent. If fact, over 80% of renters report to searching for rentals on line and as such, we strategically position and market your home on aggressively on line. We market on line with rentals.com and there network of sites as well as various free Internet sites and our company website. If the owner wants additional print advising the owner pays for the cost of advertising the property for rent.

Q: Are management fees tax deductible?

A: Generally, as a direct expense item. However, you should confirm this with your tax adviser as your specific situation may be different.

Q: What is typically involved in preparing a property to be rented?

A: Generally, you should expect to make the property move-in ready for a tenant. Your property will rent quicker and demand a higher rental value if it is in good condition.