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Tips for first time landlords

Your home is now an investment property where tenants live.

If you are emotionally attached to the home and will get pest every time a property manager needs to make a repair, perhaps renting isn’t for you. Ask yourself, Can you view the home as an investment property?

Find a property manager

Self managing takes a lot of time and aggravation. Having a great property manager will help you get the home on the market, make sure you’re in compliance, negation the lease, screen potential tenants and manage the day to day.

Double check your Mortgage loan

Make sure that you can rent out your property, check to see if there are any restrictions.

Schedule a rental inspection and walk through with the property manager.

They will let you know what you need to do to make the property rent ready.  You want to do this right from the beginning. This will make the tenants experience as well as yours so much better.

Try to relax.

Your property manager has your property under control. They have experience with everything your home or tenants can throw at them. They are ready and willing to go the extra mile for you. So relax and enjoy your investment property.

Licensed with the Utah Division of Real Estate