Property Mananger hard at work in SLC - TierOne Real Estate

Property Management Conversion Program

Finally! A program that offers to take the stress and expense out of hiring a better property manager. Introducing the Property Management Conversion Program. Changing from one property manager to another can be a difficult process: involving transferring security deposits, lease agreements, maintenance records, inspection reports, tax documents, financial information, paying cancellation fees, notifying tenants, […]

Salt Lake City’s rental market among nation’s best for investors

First Published in the Salt Lake Tribune Salt Lake City once again ranks among the best U.S. cities for investing in rental properties. All Property Management, a trade group for those who own and manage apartments and single-family rental homes, says Utah’s capital is the sixth best urban market for rental investments among Western cities. […]

Property Manangement signing leases - TierOne Real Estate

Q & A

Important Points to Remember 1. Act quickly and consistently. Enforcing the rules will let tenants know you’re serious and will help prevent late tenants from getting behind even further on their payments. You may have worked out a deal with them once or twice, but what if (more…)

Moving tenants - TierOne Real Estate

What do you do when a tenants doesn’t pay rent?

What do you do when a tenants doesn’t pay rent? Step 1: Check Your Lease Documents and Payment Records As silly as it may sound, double-check your records to make sure the tenant is truly late with his or her rent. Sometimes landlords keep better records on paper than they do in their heads and […]

Keeping Investment Records

Keeping complete records of your investments, from the beginning to the end of ownership, is simply good business. A major reason for maintaining accurate records is to calculate your gains or losses when you do sell the property. If you do not have all the documentation to back up your claims to the IRS, and […]

What You Do When You Inherit a Tenant

When an investor purchases a property with an existing tenant, the first thoughts are that rent will immediately come in and there will be no vacancy period. This means initially avoiding higher maintenance costs, leasing fees, and advertising costs. Of course, everyone hopes this is the ideal tenant and the rental agreement has all the […]

Security Deposits

What can a landlord deduct from the tenants security deposit. Collecting a deposit before a new tenant moves in can bring peace of mind to the owner, but when a tenant moves out, what can you actually deduct from the deposit, and what do you need to do? The general rule is that you can […]

Tips to prepare your home for a Rental

Renting out your home can be very lucrative and a great investment. But there are a few things you can do before you start advertising your rental, there are a few things you can do to prepare the home for renters. These items will help you get the most out of your rental and attract […]

What Is Your Investment Property Due Diligence

Long Term or Flipping Determine whether you desire a long-term property investment or a “flipping” property. Long-term investments produce positive cash flow, increasing your net worth. If you plan to flip, your focus will be on property appreciation and a quick return. Flipping Caveats Your profit margin depends on your acquisition cost, and it’s important […]

How Is Your Rental Property Insured?

Many times when an investor is considering the purchase of a rental property, they look to the typical financial metrics such as cap rate, occupancy rate, square footage, occupancy, etc. All of these are great measurement tools in the evaluation of a purchase. But while the property is being evaluated, don’t forget to ask about […]