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13 Best Property Management Companies in Salt Lake City

Real estate investing

Salt Lake City offers attractive opportunities for real estate investors, from the tech-driven southern suburbs to the vibrant downtown core. But, the obstacle many investors face is managing the day-to-day challenges that can make or break an investment's performance.

Choosing the right property management partner means understanding how different companies approach tenant placement, maintenance coordination, and market positioning in a city where rents vary dramatically between neighborhoods like Rose Park and Sugar House. 

To help you compare your options, we've analyzed the following key details for each Salt Lake City property manager (where available):

  • Year founded
  • Monthly management pricing
  • Tenant placement fee
  • Lease renewal cost
  • Maintenance markup/coordination fee
  • Onboarding fee
  • Capital improvement oversight fee
  • Portfolio size
  • Property types managed
  • Eviction handling

This list isn’t exhaustive. Instead, we focused on companies with transparent pricing and a proven track record delivering consistent results for rental property investors throughout the Salt Lake City metropolitan area.

We'll start by examining our own services at Mynd, and explain which types of SLC landlords we believe we’re best suited to serve.

Mynd

Mynd Property Management serves the residential real estate sector with a combination of on-the-ground experts and innovative technology. Mynd makes it seamless for investors to approve service requests, communicate with their property managers, and monitor performance metrics in real time.

Here’s why real estate investors trust Mynd to manage more than 20,000 rental properties:

    • Rental Income Guarantee: If a Mynd-placed resident misses a payment, Mynd will cover up to one-month of rent, to help you bridge any gap in cash flow.

    • Eviction Protection Plan: In the rare case that you need to evict a Mynd-placed resident, Mynd will cover court costs and legal fees up to $3,000.

    • All marketing is done for you, including professional photography, listing your property on key rental advertising sites, and virtual tours.

    • They conduct strict resident screenings including proof of income, identity verification, and credit checks.

    • Mynd’s intelligent pricing engine is powered by in-house data from 20,000+ active units under management. This helps provide detailed metrics on current market rental rates, to help drive better financial outcomes with higher quality residents.

Key metrics:

  • Year founded: 2016
  • Monthly management pricing: $129 - $149 flat fee per month (based on the number of properties under management)
  • Tenant placement fee: 50% of one month's rent
  • Lease renewal cost: $299
  • Maintenance markup/coordination fee: Costs for repairs vary based on the scope of the work. The Mynd team works with a network of approved vendors to deliver quality work at fair rates. A significant percentage of service requests are handled by in-house technicians or virtually and virtual service requests come at no additional cost. 
  • Onboarding fee: None
  • Capital improvement oversight fee: For larger repair or capital projects that are more specialized or technical, Mynd uses a network of vetted vendors and their in-house teams of trade specialists to review bids. This helps ensure you get high-quality work without being over-charged. 
  • Portfolio size: ~20,000 units 
  • Property types managed: All types of residential real estate, excluding short-term and vacation rentals
  • Eviction handling: Yes, Mynd also offers an Eviction Protection Plan 

View Mynd's website

Nestwell Property Management

Nestwell is part of CDA Properties Company and emphasizes over 40 years of local experience. Their focus includes Utah tenant law compliance and partnerships with licensed vendors throughout the valley. They aim to treat clients as business partners and provide one-on-one support with 24/7 online portal access for financial statements and property evaluations. 

Key metrics:

  • Year founded: 1985
  • Monthly management pricing: 8.9%-11.9%, minimum $99-$150 (pricing applies to portfolios with 1-4 single family rentals based on service plan selected)
  • Tenant placement fee: 25%-50% of one month's rent
  • Lease renewal cost: 15%-25% of one month's rent
  • Maintenance markup/coordination fee: Maintenance coordination $20/occurence. Optional swamp cooler servicing $65/visit, HVAC tune-ups $99/visit. Markup information not publicly available. Contact for more info. 
  • Onboarding fee: $45
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single family and multifamily rental homes
  • Eviction handling: Yes

View Nestwell Property Management's website

Wolfnest

Wolfnest operates as an investor-owned firm that charges no leasing, renewal, or sign-up fees. They report a 98% rent collection rate and offer guarantees including pet damage coverage and leasing guarantees. Their service area extends beyond Salt Lake to include Park City, Provo, Ogden, and Tooele, with thousands of tenant applications processed to date. 

Key metrics:

  • Year founded: 2012
  • Monthly management pricing: 6.39%-10.99% (based on the plan selected)
  • Tenant placement fee: None. Additional optional services: Enhanced marketing plan $0-$199/vacancy, 360 degree tour $199+, smart home services for self-showings $229+.
  • Lease renewal cost: None
  • Maintenance markup/coordination fee: Not publicly available. Contact for more info. Optional semi-annual inspections $0-$218/year.
  • Onboarding fee: No onboarding fee. Comprehensive accounting/monthly reconciliation $24.99/month.
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: ~700 units
  • Property types managed: Single-family and multi-family
  • Eviction handling: Yes. Optional $0-$19.99/month for eviction protection, $0-$44.99/month for up to 2 months rent loss protection and $1,000 in eviction cost coverage.

View Wolfnest's website

Peaceful Property Management

Peaceful Property Management focuses on creating peaceful experiences for both property owners and tenants through their management approach. Their name reflects their core philosophy of reducing stress in rental property relationships. They emphasize conflict resolution and smooth communication between all parties involved in the rental process. 

Key metrics:

  • Year founded: Not publicly available. Contact for more info.
  • Monthly management pricing: 9%-11% (for clients with 1-4 units based on the plan selected). Optional year-end 1099 reports $49/property.
  • Tenant placement fee: $199-$299
  • Lease renewal cost: $199-$299
  • Maintenance markup/coordination fee: Not publicly available. Contact for more info.
  • Onboarding fee: $149. 
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single-family homes, townhomes, condos, apartments
  • Eviction handling: Yes. Optional eviction protection $0-$10/month.

View Peaceful Property Management's website

Maxfield Property Management

Maxfield is the only Certified Residential Management Company (CRMC®) in Utah, certified by the National Association of Property Managers, and has been an award-winning industry leader since 2010. They boast outstanding performance metrics, offer landlords multiple guarantees, and provide state-approved continuing education to the local real estate community.

Key metrics:

  • Year founded: 2010
  • Monthly management pricing: 6.5%-10% with a $125-$150 minimum. (Based on the single-family plan selected. Separate pricing for multi-family property with 4 or more units.) Annual financial reporting, 1099 and CPA prep $49-$99.
  • Tenant placement fee: 25%-50% of one month's rent. Optional premium marketing package $0-$200.
  • Lease renewal cost: $0-$200
  • Maintenance markup/coordination fee: 10% maintenance coordination. No markup fee.
  • Onboarding fee: Not publicly available. Contact for more info. 
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Residential and commercial properties.
  • Eviction handling: Yes. Optional eviction guard $0-$99/year.

View Maxfield Property Management's website

HomeRiver Group Utah

HomeRiver Group is part of a national network with multi-state operations and centralized reporting capabilities. They combine local SLC expertise with additional services including property acquisitions and renovations. Their Utah operations extend to St. George and Idaho Falls, and they maintain an A+ Better Business Bureau rating while operating as investors themselves. 

Key metrics:

  • Year founded: 2016
  • Monthly management pricing: 8%-10% (based on the number of units under management)
  • Tenant placement fee: None
  • Lease renewal cost: 8% - 10% of first months rent
  • Maintenance markup/coordination fee: None. Optional biannual or quarterly inspections $58-$75/each.
  • Onboarding fee: None
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single-family homes and small multi-family properties 
  • Eviction handling: Yes. Eviction protection $99/year.

View HomeRiver Group Utah's website

Keyrenter Salt Lake

Keyrenter Salt Lake is a franchise location of the national Keyrenter Property Management brand. They utilize standardized systems and processes developed by the franchise network. The franchise model provides access to established marketing platforms, tenant screening procedures, and operational protocols developed across multiple markets. 

Key metrics:

  • Year founded: 2007
  • Monthly management pricing: 9% of rent per month (discounts available for multiple properties)
  • Tenant placement fee: 35% of one month's rent
  • Lease renewal cost: Not publicly available. Contact for more info.
  • Maintenance markup/coordination fee: Not publicly available. Contact for more info.
  • Onboarding fee: Not publicly available. Contact for more info.
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single-family homes and townhomes
  • Eviction handling: Yes

View Kenrenter Sale Lake's website

Kodiak Property Management

Kodiak Property Management emphasizes their values-based approach to client relationships as part of their broader Utah operations. They focus on building long-term partnerships with property owners. Their approach centers on understanding each owner's specific investment goals and tailoring management strategies accordingly. 

Key metrics:

  • Year founded: Not publicly available. Contact for more info.
  • Monthly management pricing: 3.9%-7.9% with a minimum of $75-$85 (based on the management plan selected). Annual tax documents $0-$49.
  • Tenant placement fee: $299-$999
  • Lease renewal cost: $0-$199
  • Maintenance markup/coordination fee: Periodic inspections $59-$99. Markup and coordination fees not publicly available. Contact for more info.
  • Onboarding fee: Not publicly available. Contact for more info. 
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single-family, townhouses, condos.
  • Eviction handling: Yes

View Kodiak Property Management's website

Advanced Solutions Property Management

Advanced Solutions operates with a leadership team that are property owners themselves, bringing direct landlord experience to management decisions. They offer $0 signup fees, a "Rent in 3 Weeks" promise, and maintain an in-house maintenance division for 24/7 service calls. 

Key metrics:

  • Year founded: 2011
  • Monthly management pricing: 8%
  • Tenant placement fee: $195
  • Lease renewal cost: $195
  • Maintenance markup/coordination fee: None
  • Onboarding fee: None
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Long-term residential rental properties  
  • Eviction handling: Yes

View Advanced Solutions Property Management's website

Rhino Property Management

Rhino Property Management focuses on solutions for local real estate investors and property owners. They emphasize strength and reliability in their approach to rental property operations. Their brand identity reflects a commitment to robust property protection and assertive tenant management when necessary. 

Key metrics:

  • Year founded: Not publicly available. Contact for more info.
  • Monthly management pricing: $99/month or 8.5%-10% of rent collected (based on package option selected)
  • Tenant placement fee: $0-$450
  • Lease renewal cost: $0-$225
  • Maintenance markup/coordination fee: $0-$20/occurance. $0-$65/drive by evaluation, $0-$100/additional evaluation. Markup fee information not publicly available. Contact for more info.
  • Onboarding fee: $250-$400
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single family and multi-unit properties
  • Eviction handling: Yes. $0-$100/court attendance. Owner benefit package $0-$75/month (includes rent loss protection guarantee, pest control, legislative updates, filter replacement, etc.)

View Rhino Property Management's website

Rize Property Management

Rize aims to view clients as investment partners rather than customers. They focus on maximizing rental income and creating passive investment experiences for property owners along the Wasatch Front. Under General Manager Jon Neviaser's leadership, they specialize in both single-family homes and mid-size apartment properties. 

Key metrics:

  • Year founded: 2016
  • Monthly management pricing: 10%-12.5% (based on the plan selected)
  • Tenant placement fee: None
  • Lease renewal cost: Not publicly available. Contact for more info.
  • Maintenance markup/coordination fee: Not publicly available. Contact for more info.
  • Onboarding fee: Not publicly available. Contact for more info.
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single-family homes, apartments, condos
  • Eviction handling: Yes

View Rize Property Management's website

Reeder Asset Management

Reeder Asset Management is a family-owned and family-run company with over 20 years of experience and four office locations serving all of Northern Utah from Cache Valley down to Utah County. Their family-spirit approach emphasizes going "that extra mile for each and every owner." The company offers virtual video walkthrough tours plus free property analysis for each specific neighborhood. 

Key metrics:

  • Year founded: 1998
  • Monthly management pricing: 5%-$10% (based on the plan selected)
  • Tenant placement fee: $0-$995
  • Lease renewal cost: $0-$150
  • Maintenance markup/coordination fee: Vendor coordination 0%-10%. Maintenance markup not publicly available. Contact for more info.
  • Onboarding fee: Not publicly available. Contact for more info.
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single-family homes and multi-unit properties
  • Eviction handling: Yes

View Reeder Asset Management's website

TierOne Real Estate

TierOne Real Estate combines property management with real estate sales services for clients in the Salt Lake City market. Property owners can access both ongoing management support and professional assistance when buying or selling additional investment properties. 

Key metrics:

  • Year founded: 1999
  • Monthly management pricing: 7.5%-10.5% (Based on the property type. Negotiable pricing for portfolios of 6+ units.) $250 fee if the owner interferes with manager's duties (such as dealing directly with the tenant). Annual tax prep and processing $37.
  • Tenant placement fee: $250. 
  • Lease renewal cost: $250
  • Maintenance markup/coordination fee: None when using TierOne's in-house handyman maintenance. 15% or $125/hour oversight fee when using the owner's vendor. Initial and bi-annual inspections average $75/unit. Monthly technology service $27/building. 
  • Onboarding fee: None. 
  • Capital improvement oversight fee: Not publicly available. Contact for more info.
  • Portfolio size: Not publicly available. Contact for more info.
  • Property types managed: Single and multi-family properties
  • Eviction handling: Yes. Court appearance $175/hour.

View TierOne Real Estate's website

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