February 02, 2011

Property Management in Ogden, UT

Posted to Justin Stevenson, Residents (Renters)

In the city of Ogden there is a good mixture of rental properties and owner occupied properties when it comes to real estate. As the chart to the right shows, 63.6% occupy the home they own and 27.8% are rental properties. This information shows that there are more owner-occupied properties in Ogden than rentals. But it also shows that Ogden is still a good place to have an investment property as it show more than 27% of all the properties in Ogden are occupied by renters. Many people look for properties to rent in the city of Ogden for many reasons. A few reasons why they look to live in Ogden is Ogden is the home of Weber State University, and Ogden also attracts a lot of our military soldiers who are stationed at Hill Air Force Base.

Many of the investors I work with on renting out their properties have one main question that they always ask, “how much can I rent my property for?” Below is a list of suggested rental prices you could rent your property for in the Ogden area. If you have a property in a different area I can provide you with this information in that area. (My contact info: or 801-710-8081

Fair Market Rents: The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

If you are an investor or looking to become an investor in the Weber or Davis county areas I would love to talk with you about the current market conditions and vacancy rates. Please contact me at or on my cell at 801-710-8081

Posted by:  Justin Stevenson





January 04, 2011

What's in store for 2011?

Posted to Justin Stevenson, Owners, Residents (Renters), Sellers

Looking back on the 2010 year many of us may think that the real estate market was hard to manage and many people lost out on a lot of money. In some ways this was true but it made us stronger and it made us more educated to know what to expect for the future. Let’s stay positive and make the 2011 year great. Don’t give up! If you need to sell your home, do it, don’t be afraid. If you are thinking about buying a home, do it, now is a great time to be a homeowner.

For those of you who need to sell your home for some life-changing reason like change of career, new addition to your family, or any other reason and you’re having a really hard time selling your home and you are losing money each month I have the solution for you. The solution is rent the property out. At Welch Randall Realty not only do we help real estate clients buy and sell properties, but we also have a property management department. So many of our clients get in a tight spot with a property and feel like they are going to lose it because they are having a hard time covering the mortgage. By renting the property this can help cover the mortgage owed on the property. This may sound scary because there are so many horror stories about renters and them destroying properties or them not paying rent. With a property management company those scares go away. Here are a few of the things that our property management services cover for our clients:

1. Placement of Internet Marketing syndicated on over 50 websites with over 40,000 clicks per month

2. Showing your property to potential residents

3. The screening of all tenants for credit, criminal and past rental history

4. The signing of approved Rental Agreements in accordance with Fair Housing Laws

5. Resident advantage Protection Plan extending the security deposit to $3,000 in accidental damage coverage and up to one month in skipped rents

6. View your history of owner draws and contributions

7. Sign-up to receive owner draws electronically

8. Download your management agreement and other important documents

9. View income and expenses for each of your properties

10. Run key financial reports on demand

11. The collection of rents and distribution of those rents by check to owners

12. Sending collection letters, or “Pay or Quit” notices to past due residents

13. The receipt of resident calls for service and the dispatch of contractors for repairs

14. Ability to track income, expenses, and bank balances online 24/7 and print reports on demand

15. Payment of contractors, utilities and mortgages where appropriate

16. Sending owners estimates of work to be done for approval per the Agreement

17. 30-day skipped rent coverage for owners with Smart Deposit Protection

For more information please contact me at justin@welchrandall.com or cell number 801-710-8081. As well please feel free to check out our company website at www.welchrandall.com

Posted by:  Justin Stevenson





November 17, 2009

For Rent!

Posted to Justin Stevenson, Ogden, Residents (Renters)

Renting a property may sound easy to some people but to others it is one of the hardest things they ever have to do. Also many people are scared to rent out their home because of all the horror stories that are out there. I am not saying that horror stories don’t exist in renting out your home, but if the property is managed right many of the headaches that owners of rental properties normally have can be handled. In the current real estate conditions, many people are turning to property management companies to help them with their investment. The key to successful property management is a good system for every procedure along with a good support team. Many times investors who have rental properties lack the ability to enforce the contract that the tenants sign. As a Property Manager there is a fine line between a friendly relationship and business relationship and it is very important to always have control of the business aspect in the rental property.

One important step when it comes to renting out a property is making sure that the prospective residents are qualified for the property. As a member of the Good Landlord program here in Ogden city, one of the requirements for a landlord is to run a background on every client that would like to rent the property that is over the age of 18. The screening process can really make or break the future of that rental property. There are a few things that we check to make sure that we are renting to good qualified residents. The first thing we check is their credit to make sure there are not any outstanding collections or bankruptcies. The next thing we look for is to make sure that the client does not have any criminal background. One other thing we check is their rental references from a past landlord. Finally, one of the last things we check is the client’s income and their current place of employment. Now, each property management company and landlord has different expectations or qualifications for the clients that would like to rent their properties. It is just a matter of setting the standard and sticking to that standard for every client.

I enjoy being in the business of property management and I love helping people with their investment properties. I take pride in the skills and training I have developed over the years that I have been doing this and I am grateful for the experiences I have had. If any of you have any questions about property management please contact me by email at justin@welchrandall.com.

Posted By: Justin Stevenson