We recently completed the eviction of this tenant who decided not to pay rent. There were four adults living in the home at the time. Walk with our team as we explore what was left behind. The owner of this property purchased it in rough condition and has been waiting for this moment to renovate the space. If you are looking for an experienced property manager to handle your properties, give us a call and let’s make owning rental properties a better life experience for you. 801-390-1480
... Read MoreMaintaining rental property requires regular review and monthly doses of upkeep. But sometimes you have to make a repair that happens once every 70 years or so. After replacing rotting plumbing in our building, the water main failed and required a new meter box. Here is the video of our work: If you are looking for competent property managers that know how properties work and aren’t afraid to make a building better, give us a call. 801-390-1480
... Read MoreWe recently completed the eviction of a tenant who was violating the terms of their lease and also decided not to pay rent. Here is a tour of the mess we inherited. If you a landlord and tired of dealing with situations like this, give us a call and we will handle them for you. 801-390-1480
... Read MoreIn our latest market update video we discussed the buyer panic to find housing right now. With this sudden increase in the buyer pool, home prices are again finding their way upward as bidding wars ensue. The chart below shows house price increases on a month-over-month basis (blue bars) and the 12-month moving moving average (black line). While recent months have leaned toward moderation at less than 1.00%, December’s increase is dramatic by comparison: Rising interest rates, or the threat of them, have brought demand forward. To make matters […]
... Read MoreWe repaired some leaks in a supply line at one of our rental properties a few months ago. Then the tenant reported another leak….then another. It became apparent that the plumbing lines were beginning to fail. Installed sometime in the 1930’s, that made sense to us. Here is what we found in preparation to replace the pipes:
... Read MoreGet the latest charts and graphs showing Utah’s remarkable real estate market trends. Broker Jeremy Peterson offers a break down of current market dynamics and how buyers and sellers are adapting.
... Read MoreWe combed through years of photos of our basement remodel project to piece together this 90 second timelapse of work. It is amazing to think of what the space was and what it has become. Enjoy!
... Read MoreZillow has a large footprint in the real estate industry. Its recent purchase of ShowingTime, the showing schedule tool used by most local Realtors, and its prominent place as a syndicated site for MLS listings to be advertised gives it an outsized influence on market players here in Utah. One program that many market participants have watched with consternation is Zillow’s iBuyer program. For the past two years Zillow has not only been a conduit for market information, but made itself a market participant by purchasing homes on a […]
... Read MoreMuch ado has been made about painted brick in Ogden’s historic neighborhoods. In recent times, out-of-area real estate investors have swarmed the city looking for fixer-upper projects. (We all get the daily I’ll Buy Your House for Cash post cards). When these investors arrive, they often come wrapped in the flag of capitalism or libertarianism or both. They are here to make a profit, a time honored American enterprise, and they feel nobody should infringe on that sacred right. On its face, we all would seem to agree […]
... Read MoreWe just closed on the sale of this fixer upper property on the East Bench in Ogden, Utah. The home has good bones but is going to need some work if it’s going to serve as a viable and stable rental property. Check out the walking tour and learn more about the competition to purchase this diamond in the rough.
... Read MoreWe recently completed the finishing of the new fireplace and bookshelves in our basement project. Here we share some of the secrets to making the finish in the basement look old yet beautiful at the same time. A fun time lapse is included. Happy Shellacing!
... Read MoreWe recently completed the lockout for an eviction of a property we have managed since April 2021. We inherited this tenant and after hitting brick walls in the court during eviction moratorium, patiently waited for the moratorium to expire. Once the moratorium expired, we moved quickly to remove this tenant from the property. Rather than filing a complaint for unpaid rent, which we knew she might attempt to pay with Utah Rent Relief, we filed a termination of tenancy in August which in effect gave this tenant 30 days to […]
... Read MoreThe Stone Hill subdivision in Ogden has completed build out. What was once the site of the 1970’s dystopian concrete bunker version of Dee Elementary school is now a new neighborhood of avant-garde two story hamlets. With tile exteriors and geometroid porch awnings, the eclectic construction has been popular among buyers seeking refuge in Ogden’s historic urban center. Since this project was city sponsored and list prices were derived from both market forces and government administrative rules, a lottery system was used to determine the lucky buyers who would be […]
... Read MoreChange within the real estate market is slow moving. But its impulses can be felt even if the ultimate outcome is in the distance. This month we share the the lastest charts and graphs and some of the interesting dynamics at play. Some indicators run contrary to what we would expect to see in the current market. Find out which ones those are and what we can expect in the future. If you are in the market to sell your home, be sure to give me a call at […]
... Read MoreWe have been in some scare places over the past two years. One building was a meth house choking in filth and creepy hidden chambers. Another was a drug nest used for prostitution. Both of these buildings were bad places to spend time. We took video of our experiences. With the spectre of October looming over us, we thought it was an appropriate time to share these with you. So settle down and make sure you leave the lights on as we present Ogden House of Horror. Hope […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | jeremy@vesta-real-estate.com