I have a rental home in Saratoga Springs, Utah. For those not familiar with the area, it is a new booming town next to Utah Lake. I was there in the fall of 2005 even though the city was rather small, I could see a ton of homes being built there and the growth potential. I picked up a single family home preconstruction home there with the plan of holding it 3-5 years as I believe the market still has quite a bit of ways to go. I’m hoping for 5% appreciation or more over the next few years.

Anyway, I was able to rent out the home after I closed on it and now that tenant is expecting to move out at the end of this month. I’ve started posting ads on a few online classifieds and have gotten a few people interested but no applications yet. One person is suppose to call the current tenants to setup a time to check out the home so I’ll cross my fingers on that.

I originally filled this home by placing an ad in the local newspaper and am very fortunate that I haven’t had to use a property management company because these tenants are some of the best I’ve ever had! All my other homes, I do use property management.

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