Posts Tagged ‘business;finance’

Getting A Lease As A College Student

July 9th, 2017 Comments off

Landlords tend to look over college students when deciding on a prospective tenant. If you are a college student, this can make things difficult for you. It can be harder for you to find an appropriate rental home that you want to live in.

Landlords typically don’t like college students living on their property because of the stereotype of being risky tenants. This is because college students in general are known to throw loud parties which can cause property damage. Utah property management companies help landlords determine applicants who will most likely do this, regardless if they are a college student or not.

KeyRenter does a 12-point background check on all applicants to find their past record and employment information. They don’t discriminate against students, but will do background and credit checks on you. You can easily find rental homes in Utah if you present yourself as a mature, responsible person.

Dress nicely when you take tours of homes for rent in Utah. Ask proper questions about the property so you can have a conversation with the landlord and show that you are thoughtful. Bring a digital camera along to take pictures to show your friends who may want to roommate with you.

When you do all these things, you are presenting yourself to the landlord and KeyRenter as a responsible person who will pay the rent on time and not damage the property. You also need to be aware that landlords look at rental history, credit history, or references. If you’re a first-time renter, you may not have any of these. In these cases, landlords might ask for a co-signer to sign the lease for you. This could be your parents or another relative who is willing to do it for you.

It may seem hard to find a landlord willing to lease to you if you’re a college student. Stay persistent and present yourself as an ideal tenant by being well-dressed and mannered when looking at rental homes in Utah. Also, talk about the option of co-signing with your parents or relatives so you can offer this to a potential landlord as well.

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Enforcing The Rental Contract Properly

July 8th, 2017 Comments off

Landlords who own rental homes in Utah may want to consider using Utah property management such as KeyRenter to handle the rental contract. Sometimes tenants aren’t abiding to the terms of the rental contract and need reminders or notices given to them. Sometimes it happens the other way around where landlords are following the contract and the Utah property management steps in on behalf of the tenant.

Enforcing the rental contract needs to be handled in a tactful way. If it isn’t, both parties could get offended and not want to work with each other any more and burn bridges for future references and referrals. If you must enforce certain terms such as paying the rent on time, the landlord should listen to their side of the story before coming up with conclusions on why they haven’t been paying.

Sometimes tenants face a job loss or other financially difficult times. At these times, they are allowed to break the contract if they pay the termination fee. Homes for rent in Utah have contracts that are written so there are no misunderstandings between the landlords and tenants.

KeyRenter pays attention to both parties to make sure both of their needs are met in a timely matter according to the contract. They take over the role of landlord and will give late payment notices if needed. They’ll even send out eviction notices on behalf of the homeowner if a negotiation hasn’t been made and tenant still doesn’t pay the rent.

It’s not difficult to enforce something like paying the rent or keeping the property undamaged because these things were written in a contract. This contract was signed by both the landlord and tenant so they know what is expected of them. If the landlord keeps entering in the rental property without giving advanced notice to the tenants, they could complain to the Utah property management if this was something stated in the contract.

Whether you are a tenant or a landlord, read over your contract carefully to know what is expected in your roles. Utah property management can assist in creating the contract as well as enforcing it to both parties when necessary. The contract is important since it is considered a legal document and can be used against you.

Showing Your Home To Prospective Tenants

July 7th, 2017 Comments off

When you show your home to prospective tenants you want it to look nice and tidy so they will want to live in your place. No one will apply if you didn’t clean it up before showing it to prospective tenants. Many rental homes in Utah are available for viewing by owners themselves or through Utah property management companies such as KeyRenter.

KeyRenter makes sure their homes for rent in Utah are in good condition with low to none damages. When you are a homeowner, you can decide if you want to put a fresh coat of paint as well. This can really make the home look newer and better condition to show to tenants.

Be sure to set up appointments when people call to look at your rental home. When several call to tour your home, set up their appointments one right after another. That way you won’t have to waste any time going back and forth to the rental home at separate times.

Point out the best features of your home as each tenant will be looking for something different in your home. Show off the fireplace, new appliances, and the yard and balcony. Talk about the neighborhood, the low crime rate, and the good schools in the area.

Don’t look desperate when you show your property. You may be anxious to get it rented out soon sine the longer it’s empty the more money you have to pay. But if you let your desperation show, bad tenants might take advantage of you and the situation or good tenants will go away because they think something is wrong with the place if you act like you can’t get it rented out.

When you show your property, remain cool and collected. Answer any questions the applicant may have and ask questions about the tenant as well. If you cleaned up your rental property well and show your rental home in the proper way, more people will apply for your rental home so you have many to choose from to pick the best qualified tenant.

Most Common Variables Considered When Calculating Travel Insurance Rates

June 23rd, 2017 Comments off

Travel Insurance is a form of limited or special situation insurance that covers loss arising from a specific event. This could be flying in an airplane or riding in a train. The policies are based on the behavior of a group of individuals engaged in an activity and the likelihood that a loss will occur.

Travel Insurance is rated based on the occurrence of a loss as it affects a group of common interest, such as airline passengers. This differs from individual coverage, which rates the risk of loss occurring based on the personal preferences and habits of the insured. It would be difficult to use individual underwriting standards such as age and health status to travel insurance since not everybody flies in an airplane.

Group insurance factors in the community experience of the group as a whole in order to access the probability that loss will occur. Community experience factors can include the number of air disasters in a given region, or in a given year, or by a given carrier. When assessing loss exposure on a group basis it is easy to discern certain trends and patterns regarding the chance of loss. Since air travel is deemed safe with air disasters occur very infrequently (roughly 1 in 2.5 million), the rates for travel insurance is very low.

If you accept that activities such as air travel are safe with a low probability of occurring, why the need to buy travel insurance? Insurance is about something not happening, as oppose to a loss occurring. Insurance provides a way to restore value in the event of a loss and for some, having the piece of mind that some benefit may be available may be important.

Travel insurance policies are typically issued in kiosks at an airport. It may also appear as a rider associated with a credit card or to a person’s property and casualty indemnity coverage. However it is purchase, the benefit provided is a low amount of coverage, maybe no more than $25,000 (although a few higher death benefit policies exist). This is done based on the community experience-rating factor that looks at the incident of death or dismemberment occurring based on the chance of an airline disaster.

How old you are, how physically fit you may be, whether you smoke or not, are all rating factors or variables that are not important to issuing travel insurance. None of those factors has an impact on a plane taking off and landing and the likelihood that a crash will occur. That the instances of plane crashes are so low suggests that very limited factors need to be considered when pricing travel insurance.

Insurance is based on a concept of risk transfer. This means that the individual pays a premium amount that insures that if something were to happen, the insurance will provide a benefit to compensate the policy’s beneficiary. The amount paid in premium is low relative to the potential benefit that is paid. The insurance company rates the potential for loss and prices its policy accordingly so that it is able to pay if that loss occurs. The higher probability that a loss can occur means a higher premium. Applying group underwriting principles to travel insurance helps provide a product that is low cost and pays a uniform benefit.

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Save Money On The Home You Own

June 12th, 2017 Comments off

If you’re a homeowner, you might be looking into ways to save money on the home you own especially if you’re facing foreclosure. To avoid foreclosure or to make some money off of your home, some have chosen to have roommates move in and some choose to do a sale where you hand over your home to the bank and they’ll sell it and pay off your equity with the profits. Many have chosen to lease or rent the home they own.

You can move out to a smaller, inexpensive place or move in with family and friends. In the meantime, rent out your home to a reliable tenant who will pay their rent on time. Rental homes in Utah sometimes receive more rent than their homeowners’ monthly mortgage payment. That’s why it’s important to offer the right monthly rental price of your property. If it’s too low, you’ll lose out on money and if it’s too high, then you’ll have a harder time to find a tenant willing to pay it. Depending on the location of homes for rent in Utah and the condition and size of it will make up the rental price.

It’s pretty easy to find a tenant during this time in our economy. Many are looking to increase their credit score and can do so by renting a home. KeyRenter helps homeowners with their rental homes in Utah to find tenants to occupy them. Choosing the right tenant is an important part of renting your home. If you don’t choose a qualified tenant, it will cause you problems in the future such as rent payments on paid on time.

By downsizing while renting out your home, you are able to save money while others are paying your mortgage. While you wait for the housing market to improve to put your home for sale, you are able to accumulate savings for your new home. When using Utah property management they are able to provide the renting experience in a stress-free way.

As a homeowner, renting your home might be something new to you and you’re not sure of the technicalities and legal terms of renting. Utah property management’s job is to provide you with the tools necessary for homes for rent in Utah to run smoothly. They can show your rental property to interested applicants and answer any questions they may have. They are also in charge of collecting the rent check and dealing with maintenance issues or tenant issues. This saves you a lot of time and money not having to worry about these issues when professionals are working for you to get the issues taken care of.

With KeyRenter, they charge just a $75 flat fee for monthly management in Utah. Compared to other Utah property management companies, this is one of the most inexpensive deals. Other companies charge 8 to 10 percent for managing your property and don’t offer a variety of services. The $75 is a better deal if you have a rental property going for more than $750 a month. Saving money on your home can be easy when you choose to rent and downsize to a smaller property.

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