Browsing Posts From: Property Management

UNDER NEW MANAGEMENT: The Madrid Apartments

April 21, 2018 Posted by: Jeremy Peterson

We were recently hired as new management of a unique 8-plex property.  The building is located in the heart of downtown Ogden’s Trolley District neighborhood.  This art deco gem was recently remodeled by the owner.  The work included ripping the roof off and gutting the property down to the studs and more.  Hence, the property has been completely rebuilt and produces top market rents for units of similar size.     Each unit is 1 bedroom 1 bath and about 550 SQFT a piece.  The owners have recently made some […]

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Posted In: Property Management

Ogden’s Rents are Rising

April 13, 2018 Posted by: Jeremy Peterson

While house prices have increased a solid 10%-15% for the past three years in a row, rents have been lagging behind.  But, recently it appears that rents are starting to feel the pressure that house prices have been feeling for some time.   During the past several years, rents have only increased about 5% per year on average.  Let’s keep in mind that lower quality units increased very little and the top quality units could justify bigger increases.  Right now, though, it appears that rent pressures are affecting all units […]

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UNDER NEW MANAGEMENT:  Ogden High East Bench Rambler

March 14, 2018 Posted by: Jeremy Peterson

We just took over property management responsibilities for this property located at 1688 Wildcat Ln. located high on the east bench in Ogden near Weber State University.   The property is currently being renovated and the basement will be ready for lease in early June.  The owner has asked us to lease the property for the next several years as they prepare to retire to the home from their current residence out-of-state.   We welcome our newest client!   If you need property management services, CONTACT ME, and let’s see what […]

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BAMBOOZLED: A Tenant’s Web of Deception

December 19, 2017 Posted by: Jeremy Peterson

We recently leased one of our properties to a family in Ogden.  At the time we received their application, everything seemed normal.  Their income verification checked out.  They received a good reference from a previous landlord in a newer neighborhood in Harrisville.  Their credit was choppy due to medical issues but was otherwise par for what we see with most tenants.  With everything looking good we approved their application and moved them in.   That is when the trouble began.  About a week after their move into the property we […]

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Posted In: Property Management

RENTAL REHAB:  The Power of Paint

November 1, 2017 Posted by: Jeremy Peterson

Whether you are getting a home ready to sell or getting a home ready to rent, putting a property’s best face forward will always get you the best returns.  We benefited from this approach while preparing a rental property in our portfolio for sale.  Rents had held steady for several years as the most recent paint job on the home faded and began to show signs of wear.  The owner selected three colors.         Here are the before and after.     If you need advise on […]

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UNDER NEW MANAGEMENT:  Amazing New Roy Rambler

Posted by: Jeremy Peterson

We just took over management of this amazing rambler home in Roy for member of the Air Force who is being deployed abroad.  The home was constructed in 2015 has has all the finishes you could want.  The home features granite countertops, stain grade cabinets, stained glass, and more.   The configuration is 2800 SQFT with 3 beds and 2 baths on the main level.  The basement is unfinished.  It also has a spacious two car garage.     You can schedule a showing at 801-438-3049.  

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UNDER NEW MANAGEMENT: Lorin Farr Neighborhood Duplex

October 17, 2017 Posted by: Jeremy Peterson

We just took over management of this newly purchased duplex located at 462 Canyon Rd.  The building is a historic home that was converted into two units in an up and down configuration.  The upstairs unit is 3 bedrooms 1 bath with the basement being a unique 2 bedroom configuration.   We welcome our newest client to our property management family!        

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UNDER NEW MANAGEMENT:  Washington Terrace Duplex

September 13, 2017 Posted by: Jeremy Peterson

Our management company just took over management of this fine duplex located in Washington Terrace.  The two units are 975 SQFT each with two bedrooms and one bathroom on each side.  Each unit has its own fenced yard, carport, and storage.   The owner of the building is moving out of one unit to another part of the county and wants a hands off experience as an income property owner.  We welcome him to our family of clients.   If you are looking for a passive income experience with your […]

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Understanding Ogden City’s Rules For Vacation Rentals

September 4, 2017 Posted by: Jeremy Peterson

A lot of people have asked me recently about the idea of converting their rental property in Ogden City to vacation rental use.  With the proliferation of online venues like AirBNB, it seems that becoming a vacation rental owner is easier than ever.  This year was our first time using the service as customers.  We stayed at a condo in St. George in June and just about two weeks ago we found an impossibly small Victorian Cottage in Leadville, CO while we hiked Mount Elbert.  The service was convenient and […]

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VIDEO:  Property Maintenance Heavy Lifting

August 15, 2017 Posted by: Jeremy Peterson

Tenants have a tendency to leave things behind when they move.  Most of the time, the clean up is quick and easy.  But, every once in a while, they leave something that leaves you scratching your head.  We recently tackled the problem of a giant tractor tire that was left at a rental property after a tenant moved out.   Why this tire ended up on the property in the first place still baffles us.   The great news is that we know we have the personnel to handle whatever […]

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Posted In: Property Management

June 10, 2017 Posted by: Jeremy Peterson

  Performing evictions is one of the necessary duties of a property manager.  For many landlords, this is the most gut-wrenching part of the job.  To invoke the law to forcibly remove a person from a property can become a very adversarial experience if handled improperly.   Fortunately, for our property management business, evictions are a rare thing.  However, they do sometimes occur and typically with existing tenants of a property that we begin managing.  Most of the time, owners hire us to handle this unpleasant part of the job […]

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Posted In: Property Management

REHABBING RENTALS:  The Dirty Tenant Dance

April 3, 2017 Posted by: Jeremy Peterson

  Owning income property is like running a small business.  You want your incomes (rents) to exceed your expenses (mortgage, repairs, utilities, management fees) in all cases.  But, because you can’t control every aspect of the universe, you also want to hedge against bad things happening.  In that case, you purchase insurance (tenant security deposit).  Then you tend to the duties of business and as you do that things usually work out.   However, we recently ran into a situation that illustrates one of the conundrums of property management.  What […]

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Posted In: Property Management

JUST LEASED:  Pleasant View Commercial Unit

April 1, 2017 Posted by: Jeremy Peterson

We just initiated a lease for a client who asked us to market their commercial building in Pleasant View.  The space was formerly a “Dirty” Soda shop.  The new tenant will be turning the space into a pizza restaurant.   Because the space is ideal for a start up, and indeed our new tenants are doing just that, we agreed to give some concessions to allow for the health and safety improvements necessary to use the space for food service.  In order to serve food, ceiling surfaces above the food […]

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UNDER NEW MANAGEMENT: Renovated Syracuse Rambler

February 18, 2017 Posted by: Jeremy Peterson

We just took over management for this nicely finished rambler home located in Syracuse, Utah.  The home sites on a quarter acre lot with a fenced back yard.  Lots of parking.  The home is a 3 bed 1 bath configuration with an mother in law apartment in the basement.   This unit will be available very soon.  Visit our rental listings page for current availability.  

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TAKING HOMES HOSTAGE: When Tenants Go Awry

November 22, 2016 Posted by: Jeremy Peterson

Maintaining control of a property is an important job for property managers.  Access, maintenance, and community enjoyment are all issues that property managers work to preserve.  But, sometimes tenants can gain an upper hand on that control (albeit temporarily) and make life difficult for landlords.  Here are a few scenarios to watch for:   You Ain’t Sellin’ This Place Selling property with tenants in place is a significant issue in Utah’s market right now.  With creeping population growth and available housing stock near record lows, tenants are having a tough […]

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