Did you know that many rental property owners lose money each month even though they collect rent on time? Cash flow is not just about income coming in, it is about what remains after every expense has been paid. If that number is low or negative, a rental business can quickly become unprofitable. In Utah, where the rental market continues to grow in cities like Salt Lake City, Provo, and Ogden, landlords face rising costs for maintenance, insurance, and compliance with local regulations. Understanding how cash flow works is essential for keepi…
Why Rental Properties Are Still a Good Investment When Interest Rates Rise
Fixed-rate loans, such as the 30-year fixed-rate mortgage, are usually an excellent option for real estate investors. This is because they allow investors to skip unexpected rate hikes down the road. That said, the Federal Reserve is aggressively raising interest rates and bond yields. This can mark the beginning of an era of high mortgage interest rates. A rise in interest rates could mean an increase in the monthly mortgage payments, which could reduce your profits. This now brings us to the question of the day – can rental properties still b…
Things Landlords Should Be Doing Every Year But Probably Aren’t
Being a landlord is more than just collecting rent and signing leases. It’s an ongoing job that requires attention to detail, planning, and a proactive mindset. While most landlords stay on top of the obvious tasks like property maintenance and tenant screening, there are several important responsibilities that often get overlooked, especially on a yearly basis. These small but impactful tasks can make a big difference in keeping your investment running smoothly, avoiding legal trouble, and maintaining tenant satisfaction. Keep on reading this…
Tax Season Tips for Landlords
Key Takeaways Maximize Deductions: Landlords can significantly reduce their tax liability by claiming deductions on depreciation, mortgage interest, repairs, insurance, and more. Keep Thorough Records: Accurate documentation of income, expenses, and property details is essential to support deductions and avoid penalties. File the Right Forms: Use IRS Schedule E or Form 8825 depending on your ownership structure, and make sure to file on time to stay compliant. Professional Help Pays Off: Working with a property management company can simplify…
Property Management Fees - What to Expect
Key Takeaways Property management companies handle the day-to-day tasks of rental ownership, making them a valuable resource for busy or remote landlords. Typical management fees range from 6% to 12% of monthly rent, but additional charges like leasing, maintenance coordination, and vacancy fees may apply. Costs vary based on property location, type, condition, and the level of service required, so understanding your specific needs is crucial. The right property manager can help protect your investment, streamline operations, and improve prof…
Reside Rentals is very attentive to both the owner and tenant. Their on line portal is an excellent way to communicate any projects or tasks that you need them to complete. Their service vendors have all been excellent. We own a home in Logan and feel extremely confident with Reside Rentals managing our home.