Property Management, Utah: Utah Property Owners Turn to BMG Rentals to Reduce Rental Vacancy and Tenant Turnovers
Today, several individuals are preparing their Utah homes for rent.
(prHWY.com) July 17, 2012 - Utah, UT -- Today, several individuals are preparing their
Utah homes for rent.Owning a rental home can be very stressful and property managers often worry if their tenant will do damage to the home or yard, if rental fees will be paid on time, and if their property will experience a vacancy or turnover. For this reason, several Utahns are hiring property managment companies, such as BMG Rentals, to handle their properties and tenants.
Property Management Services
Property owners are often concerned about the effects that tenants have on the rental home.BMG Rentals, UT, attempts to relieve property owner worry with their tenant management program. Property managers ensure that all tenants go through a thorough screening to determine their eligibility to own a home for rent. Once the tenant is accepted, BMG Rentals conducts regular property inspections and is in charge of collecting all rent payments.
Avoiding Vacancy and Turnover
Vacancy rates for
UT rentals continue to be well above the national average (4.9%) (The Daily, "You Must Pay the Rent").From 2011 to the beginning of this year, Utah vacancy rates have increased from 5.9% to 7.2% (U.S. Census Bureau, "Quarterly Vacancy and Homeownership Rates By States and MSA") . Rental vacancies can be quite harmful to the property owner due to the fact that empty properties cannot produce income. Tenant turnover can also cost the owner income. BMG Rentals strives to differentiate itself from other
Utah property management companies by making sure that property owner successes are BMG successes. Other companies make up to $2000 if there is s tenant turnover. BMG Rentals has organized its management costs in such a way that their profit comes from long-term tenants rather than tenant turnovers and vacancies.
To help property owners avoid vacancy and turnover costs, BMG Rentals has developed a lease renewal program that gives tenants a notification 60 days before the lease must be renewed. In addition, BMG provides an incentive for tenants to renew their lease. Property owners who currently have vacancies might struggle to get tenants for several reasons. These reasons include, property price, presentation, and marketing. Utah property management companies, such as BMG rentals, can assist these struggling owners by giving them professional pricing and presentation advice.
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