We recently took over management for this historic 7-plex located in Ogden. The building comes to us in a state of transition between tenants. One unit will need renovations before it is able to be leased. Another unit needs cleaning before we have it ready for market. There are also a couple deadbeat tenants that will need to be ‘handled’. As part of our turn around effort at the building, we will be focusing on improving the existing landscaping with a sprinkler system and flowers. We will also be looking […]
... Read MoreOur brokerage has an excellent track record of screening and placing well qualified tenants in the rental units we manage. Many of our clients choose us over other property management companies due to this reputation. However, when we assume management of a property with existing tenants in place, we often have to replace under-qualified tenants as they start to under-perform. We had such a situation occur this past month. On February 1st we assumed management authority for a rental unit on Harrison Blvd. in Ogden. We quickly placed a […]
... Read MoreLandlords want rents to be as high as possible. Tenants want rents to be as low as possible. So somewhere in the mix, rents are established that meet the needs of both parties…or so it would seem. The free market of housing works pretty well most of the time. But sometimes, for sociological reasons, things don’t work out well for either party. The Salt Lake Tribute recently posted this political cartoon lampooning the plight of tenants. It made me laugh. But the caption at the bottom was disturbing. […]
... Read MoreProperty Management is something of a renaissance profession. It requires a knack for accounting, people skills, and a healthy ability to accurately predict risk. I find the work intellectually fascinating as it merges sociology and economics into a real world experience. If you ever want to know what is really going on in the world, become a property manager. One of the great challenges that landlords face is dealing with trouble tenants. In our 11 year history of managing property, we have only had to formally evict one of […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | jeremy@vesta-real-estate.com