Web Admin – Wednesday, October 22, 2014
As part of our Utah Landlord Advice blog series, we are talking today about how to become a landlord. We have a lot of out of state landlords who own rental property in Utah, and it’s important to understand the local climate, market and laws.
There are many different climates in Utah, depending on where in the state you find yourself. In southern Utah, it’s very hot and dry. In the mountains of central and northern Utah, it can get very cold and there might be heavy snow as well. These are things you must consider when deciding what to do with your rental property. Whether it’s a seasonal property that caters to snowbirds or a year-round long term rental, you need to get to know the climate of the area your rental property is located in.
Winterizing properties in central and northern Utah is important and we always remind our owners when it starts to get cold. In the spring, we do seasonal clean up and watch for things like full rain gutters, broken sprinkler heads and other things that can come out of a long winter. We also take some time getting the lawn and the yard looking good again.
When you’re a landlord in Utah, you want to have property in an area that provides a good rental market. This usually means a city or a neighborhood that’s close to where people work. Good rental neighborhoods are also near excellent schools, parks and shopping. If an area provides work in a lot of different industries and demonstrates economic growth, that’s usually a good indication that you’re in a desirable market for rental property.
Getting to know the correct laws is critical when you are becoming a landlord. There are federal laws you need to know such as the Americans with Disabilities Act and fair housing statutes. You also need to know Utah state laws and local ordinances. Some cities in Utah require landlords to get licensed or certified. If you become part of the Good Landlord Program, which takes time to complete, you will be rewarded with reduced business licensing fees. Licensing fees can be high if you’re not part of the Good Landlord Program. At Sentinel, we do have that certification and we can take care of all licensing requirements on behalf of our owners so you can benefit from that reduced fee.
If you have any questions about becoming a landlord in Utah, please don’t hesitate to contact us at Sentinel Management Group. We’d be happy to help you.