Investment Opportunites

Have you ever toyed with the idea of purchasing rental properties? It can be a fantastic way to add to your retirement income or to develop tax savings and increase the value of your estate. With interest rates at historic lows and a very tight rental market NOW is the time to act! Lenders are even loosening credit requirements to investors.

In our local market most municipalities have implemented a "Good Landlord Program". 

What is the Good Landlord Program?

It is a program run through Utah Apartment Association for cities that have enacted special ordinances to manage rental properties within their jurisdictions.

Landlords agree to take special classes to assist them in managing their properties, and in exchange for completing these classes, cities discount fees associated with owning rental properites. 

Landlords agree to run background checks and refuse to rent to applicants with certain criminal backgrounds. Landlords also agree to evict problem tenants immediately and keep their properties "clean & green" adn in compliance with city codes.

Each city that has implemented this program determines the requirements and associated fees. 

Sounds a lot more complex than it actually is!! There is also the option of hiring a property manager to oversee your rentals. Their fees are actually quite reasonable. For more info on these programs or to discuss your options, give us a call.

Take a look at this home that could be a great investment:

http://www.tourfactory.com/902545