SALT LAKE CITY, May 3, 2016 /PRNewswire/ -- Keyrenter Northern Utah has opened its doors in Ogden, Utah. This should be a welcome relief to the many accidental landlords who have found themselves in the rental business, partially due to their inability to sell. Although retail sales are up, the number of potential buyers continues to dwindle.
Owners Chuck and Pam Slone report that rents are on the incline and have increased 3-5% annually for the past three years. According to Zillow, the median price for a single family home in Weber County is $174,000. With a 30-year mortgage at 4.5% interest, the monthly payment would be around $1,050 while the rent value could easily exceed $1,300. Ogden, Utah offers more affordable housing where a similar property can be rented for $800.
New housing development continues, with the majority of expansion coming from the multifamily sector. Hill AFB continues to grow with the F-35 Squadron coming in, but there is currently no end in site for the trend toward rentership. This is great news for property investors. "Finding qualified tenants can be a challenge to do-it-yourself landlords," said Chuck. "Keyrenter alleviates that problem because we're able to reach a large pool of potential tenants through syndicated advertising. Our 14-point tenant screening process keeps our eviction rate below 1%."
"Before using our services, many of our clients believed that professional property management is a luxury for the wealthy. Nothing could be further than the truth. In reality, we're able to maximize their investment, reduce their risk, and relieve their stress. We're accessible 24/7 to take those late night emergency phone calls," said Chuck. "The key differentiator between us and our competitors is transparency and our commitment to superior customer service. We treat every property like we own it ourselves."
Chuck is actively involved in the local REIA and UAA chapters. "He has a great ability to connect with people, assess their needs, and help them achieve their financial goals through real estate investment," said Aaron Marshall of Keyrenter Franchise. "His vast experience and network of friends and real estate professionals is a tremendous asset to his clients."
For information about Keyrenter Franchise opportunities call 888-613-1110.
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SOURCE Keyrenter Franchise