Hiring A Utah County Property Management CompanyHiring A Utah County Property Management Company

If you have never had to hire a property manager before, maybe you are wondering what aspects you need to consider. Hiring a property management company is a big decision and there are many things that go into it. Here are some fairly simple, yet, important factors to consider before making the final decision.

Monthly Cost:

When looking at Utah Property Management companies, one of the most important things to consider is the monthly fee schedule for your rental property. Common industry rates are anywhere from 6%-10% per month of gross monthly rents collected. This will be collected monthly and you will want to make sure you get a rate you feel is fair. Many Utah Property Management companies will also charge additional fees. Some might charge a higher monthly percentage rate with less fees, or vice-versa. You need to be careful of this, because some companies will try to be sneaky with some of these costs. We will cover these fees next.

Additional Fees: (For Some Companies)

Utah Management Companies will charge some or all of the following fees at different times during the year:

-Yearly management renewal fee

-Lease up fee

-Maintenance markups

-Setup fee

It is important to make sure that you understand what the following fees will cost as well as the purpose of these fees. Some companies may charge a very low monthly rate, only to surprise you with a lot of fees. Make sure to clarify all costs associated with the property management services.

Services Offered and Area Served:

You will want to ensure that the Utah property management company you hire provides the services you need for your specific rental property. Maybe you have a residential rental home? You will want a property manager that specializes in the renting of these homes. Or maybe you have a small commercial property? You will want to ensure that your property manager has experience with commercial rental properties. No matter what, you will want a company with a good reputation that will take good care of both you and your rental property.

Utah County is an excellent place to own a rental property. With great employment rates, major universities, and so much growth, owning a Utah County rental will continue to be a great investment. To ensure maximum rental income and minimal vacancies, hiring a Utah County Property Management Company will be a wise decision. You will receive many benefits from the service, in addition to the stress relief and not having to deal with hassles, you may realize great cost savings as well.

Rental property managers will deal with the late night calls from renters, deal with the hassles of rent collection, arrange maintenance/repairs, advertise and market the rental property, and much more. If these are things are not your cup of tea, hiring a property management company is going to be a great benefit for you. After considering these important factors, you should be will informed and ready to make the big decision with confidence!

by Landon Murie
References and Bibliography
Landon Murie is the Founder and Manager of EASE Property Management. EASE helps landlords who need help renting and taking care of their rental properties. Learn more about his Utah Property Management company.
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