Tag: Property Management (4 articles found) - Clear Search

How Do I Keep My Airbnb Occupied During COVID-19?

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The name of the game is to pivot, the vacation rental industry is not what it was 10 days ago. If you are not sure you want to work crazy hard, staying in this industry may not be for you. In the last 10 days I think we have worked harder as a company than ever before, and probably made far less proportionally as well. I’m not sure the accuracy of the stats but 80% of existing reservations were cancelled, with an estimated greater amount where the reservation was kept because a refund could not be awarded. Airbnb’s cancellation policy override has crushed many hosts, but we are seeing now more than ever there are NEEDS for flexible housing options.

I love what we do as a Property Management company, especially now that we have the opportunity to provide housing for those that desperately need it. Lives depend on medical workers and necessary staff in many industries, we can house those staff and others. If you want to stay in the industry the time is now to pivot or take a break. 

Here are entirely too many ideas to keep your units occupied, you choose which ones work for your units, markets and situation.  Read More...


Meet Utah REIA's Emerald Sponsor: Rize Property Management

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Residential Property Management is much different than it used to be.  It’s not simply about collecting rent and keeping tenants quiet.  21st century Property Management is about performance and focus.  That’s where Rize comes in.  We focus in single and small multifamily Property Management and our job is to maximize net income while creating a passive investment so our clients can rest assured their asset is performing at the highest potential.  Our fee structure incentivizes us to do just that.  We don’t get paid unless you do.

In fact, our goal is to make our fee irrelevant.  Time after time clients who self-manage bring us their properties and even with our fee, they make more money without doing any of the work.  We understand that rental property is a small ball game and every bit counts towards the end goal.  Don’t let anyone tell that $10 per month doesn’t matter! 

Perhaps you are a new investor or you have been in the game, but either way, we are here to help.  We would be honored to sit down and discuss any challenges you have to overcome or goals to achieve.  Give us a call to learn more about how we can help make your buy and hold dreams come true.

Jon Neviaser
Rize Property Management
jon@rizepm.com 
(801) 210-7002
https://rizepropertymanagement.com/


The Importance of the Landlord Screening Component of the Screening Process

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Hello, I’m Cody Reeder with Reeder Asset Management. We are a full- service Property Management company, serving Cache Valley to Utah County. Today I would like to talk about the screening process. In particular the landlord screening component of the screening process.

A lot of times when I talk with owners, they will tell me that they do screening and that is great. But, as I dig a little deeper overwhelming the majority just do a credit check. Sometimes they may call to make sure that they do work in the place they claim to work.  As I talk with owners I realize they are missing a very important component, and that is the landlord referral.  Part of our screening is the credit check, we check the sex offender list, we do a criminal background check, employment verification, we do previous landlord, we are a part of rent bureau, it’s kind of how Property Management companies talk to each other.  As I said, each one warrants their own discussion. But today I want to dive into the previous landlord because it is so important. In my opinion, it’s the most important. For example, we’ve had just recently a prospective tenant that we screened have a 780 credit score but had one tradeline. And the trade line had been opened for about 6 months. He was a young kid trying to build his credit. At first glance that looks really attractive, but as you look a little at the tradelines you realize they haven’t established themselves as a creditworthy tenant. That is why I want to dive in a little bit deeper and you should be diving in deeper than just the credit check.  Read More...


Utah REIA Diamond Sponsor Announced...

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The Utah REIA is excited to announce Reeder Asset Management as this year's Diamond sponsor. In learning about the founder, Cody Reeder, and the services provided by Reeder Asset Management, we found their experience, management philosophy, and empowering nature to be exemplary.

Below are a few paragraphs to help you become familiar with Cody Reeder and Reeder Asset Management:

Investor
Cody Reeder, a native of Logan, UT is the owner of Reeder Asset Management. His career in the Real Estate industry was fueled by the downsizing of his former life in the print-media market in the late 90's, and a late-night infomercial, from a restless night of trying to figure out ‘now what?’.

With the purchase of a duplex next to USU, the spark was lit. Since that first purchase nearly 20 years ago, he has built a personal portfolio of close to 200 units (utilizing the very concepts taught at the Utah each month) that include several commercial office buildings, two apartment complexes and numerous single-family homes, duplexes, triplexes etc. from Cache Valley to Salt Lake City. Read More...