Orem is a city in Utah County previously known as Provo Bench. It is famous for being known as Family City USA due to its top-notch schools and a reasonable cost of living, which explains why so many families choose to live here.
For investors, Orem, UT, offers a high return on investment and a low vacancy rate. The city also has a wide range of housing options, from single-family homes to apartments.
Reasons Why Renters Enjoy Orem, UT
Renters appreciate the convenience of Orem’s location. The city is situated just 20 minutes from Salt Lake City and an hour from downtown Utah. As a result, ample shopping, dining, and entertainment options are available within a short drive, making it easy to find the lifestyle renters want without spending a fortune on rent.
Orem’s vibrant community offers renters a wide range of conveniences, including top-rated schools and hospitals and plenty of recreational opportunities like hiking, biking trails, and golf courses. It’s also situated close to major employers like Clyde Companies and Unicity International, so you can be sure that your needs will be met no matter what they are.
Why Real Estate Investors Choose Orem, UT
Real estate investors may choose Orem, UT, for many reasons. First and foremost, the city is home to some of the best schools in the country, making it a great place to raise a family. Additionally, Orem is known for its relatively low crime rates and affords investors peace of mind when investing in properties. The area is rapidly growing and offers plenty of new investment opportunities.
In addition, as of Feb 2022, the unemployment rate stands below 2%, which means plenty of potential tenants are looking for places to live, and current renters will not be looking to move any time soon.
When operating rental properties in the area, landlords can own investments with access to many amenities for several different types of recreational opportunities that can attract quality residents. Renters can visit the Utah Lake State Park, Wasatch Mountain State Park, and Deer Creek State Park.
Maximize Your Rental Property Portfolio With Reeder Asset Management
When investing in Orem, UT, choose a property management company with years of experience to get the most out of your investment.
Reeder Asset Management is a full-service property management company specializing in maximizing rental portfolios, whether you invest as a local property owner or from out of state. With years of experience, we are highly skilled in residential rental management, including tenant screening and managing finances. In addition, we provide comprehensive leasing and marketing services to help landlords find the best tenants and maximize their returns.
Our software is designed to make the process as smooth and hassle-free as possible, while our service guarantees ensure that you’re taken care of, always. In many cases, property owners find that most Orem UT property management companies do not offer the same level of service and pricing we do.
Whether you’re a seasoned investor or just getting started with your first property in the area, we highly recommend using our property management services to maximize returns! Connect with one of our property managers soon to learn more about our rental management services and how we can help.
Contact us now to find out how we can help!