Salt Lake City (SLC) continues to be a growing market. Home prices rose 31% over the last two years and the Greater Salt Lake area ranked #1 in the nation for multiple offers. The last few years became a bidding frenzy and houses were hard to come by. Now that we have entered Q2 of 2022 pricing increases are now stabilizing, and inventory is rising, it is truly the perfect time to revisit real estate investment in and around Salt Lake City. Below are 4 reasons why we think SLC is still a great place to invest in real estate.  

What Makes Salt Lake City a Smart Place to Invest? 

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“Don’t wait to buy real estate. Buy real estate and wait.” -Will Rogers

Why is real estate always so popular? Well, ever heard of “alternative” investments? Usually, this means coins, gold, art, and so on. Real estate is a kind of alternative investment – and a good one, too.

For one, real estate isn’t hitched to the stock market. Wall Street’s one-off bad days (and boy are there a lot of those) often don’t faze real estate holdings.

You can also get a lot of tax breaks with real estate.

In short, real estate can be a good place to park your money. Let’s look at some options.

It’s your choice

RE investing is like the buffet at a rich cousin’s wedding: Everybody can find a favorite. It all depends on how much money and time you’ve got, your taste for risk, and how much you want to learn new w
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This blog is going to cover some tips to make being a landlord a great experience. Owning rental properties means dealing with tenants. Many investors either don’t like or don’t want to deal with tenant and property issues, so they will hire a professional property management company. But if you decide to self-manage, here are some things you should understand.

First, remember asset protection. Title to your rental should be held in a well-designed, protective LLC. Not all LLCs are created the same! What you get online is not sufficient. It should be created by a competent asset protection attorney. This will protect you and your personal assets from tenant slip-and-fall lawsuits.

Second, have really good lease agreements. There are numerous free forms available. So I would recommend getting at least 3 or 4 options and read through them. See what clauses are in them and which are important to you. If you need to amend or revise one, you should work with an attorney to draft it as you may accidently do something that might hurt you.

Third, make sure you have the appropriate liability insurance. This is the one you get
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"You just can't beat the person who won't give up." - Babe Ruth

For many people, the American dream includes a cozy home with a manicured lawn, and our home loan system is merrily set up to make this dream a reality for quite a few people.

But for entrepreneurs dreaming of owning their own store, shop, or office location, the dream is a lot murkier. There are quite a few differences between residential mortgages and commercial real estate mortgages, and you need to be sure you fully understand what you're getting into before taking the plunge into commercial property financing.

Commercial Differences from Residential Loans
The United States has some of the best home loan options in the world. The most common loan type, which you're probably familiar with, is a 30-year, fixed-rate loan. These residential loans are readily available, have low interest rates, fairly low fees, and carry no prepayment penalties.

Commercial real estate mortgages tend to be the polar opposite.

Commercial mortgages tend to be much shorter time periods. Five to ten years is a typical loan term. The monthly
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Do you love selling properties, but not the hassle of leasing and management?

When you partner with Rize property management by referring property management clients to them, they’ll send the love right back!

1. YOU RETAIN YOUR CLIENT RELATIONSHIP - They have a guaranteed non-compete agreement. If your client ever expresses interest in buying or selling any property, they send them right back to you.
2. THEY TAKE GREAT CARE OF YOUR CLIENTS - Old school property management of reacting to issues is out the window. They’re proactive and investor-focused to ensure the property management experience is smooth and profitable.
3. THEY PAY YOU FOR EVERY REFERRAL - When you send them a property management client who hires them, they pay you a $750!

To learn more, visit:  rizepropertymanagement.com/realtors

To contact Rize property management:  Call (801) 471-2473, e-mail info@rizepm.com, or visit rizepropertymanagement.com.

In the last blog, we learned that the rent from short-term rentals is considered ordinary income (like flips) and not passive income (like long-term rentals). That’s a big deal because ordinary income is subject to the self-employment tax of 15.3%. In this article, I’m going to teach you how to hold title to the short-term rental and how to save on the employment tax.

First, you want to hold title (who “owns” the property as listed on the county land records) in an asset-holding LLC, like a “series” LLC. If you’re unfamiliar, go back and read the blog, “The Series LLC” from September 18, 2020. This LLC is taxed either as a sole-proprietorship (single member) or a partnership (multi-member). It is NOT taxed as an S-corp. (no S-election!!)! This is important. And ALL your rental properties should be owned like this!

So, there is no difference in how you hold title or own your short-term rental. Own it just like all your other rental properties. But, because this rent is taxed differently than the rent you collect on long-term rentals, you going to structure the “renting” part differently.

The first thing you will need to do is set up a “property management” LLC. This is NOT the LLC that owns the rental! This is set up to do nothing more than manage the short-term rental (you can also use it manage you
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