Investing in Provo, UT, is an excellent way to build a real estate portfolio with rental properties that deliver long-term passive income—but what makes it so great? Residents and investors alike enjoy what this city has to offer. So if you’re ready to get started as a rental property owner or add another property to your investments, this market is one place you don’t want to miss.
Located close to Silicone Valley, Provo is an excellent place to live and raise a family. It’s also a great area for younger demographics and students attending Brigham Young University (BYU). More than 30,000 undergraduate students attend the university, providing ample opportunities for real estate investors who enjoy providing student housing to benefit from these city residents.
In addition, to hosting the BYU campus and its students, Provo has some of Utah’s best cultural sites and venues. Renters love the easy access to the first-class Museum of Art on the BYU campus, which has hosted a traveling exhibit of the Dead Sea Scrolls and the Vatican’s Etruscan Exhibit. Provo also offers wonderful amenities like BYU's Monte L. Bean Museum, the Pioneer Museum, and the BYU Arboretum.
If you’re familiar with the Sundance Film Festival, you know of the nearby Sundance Ski Resort that offers residents an excellent ski experience. In the off-season, residents can enjoy fly hiking, fishing, and mountain biking at the resort.
Provo is not only a great place to live; it’s an excellent place to invest! For many of the same reasons this city attracts good renters, real estate investors choose this city to benefit from an investment property.
Residential property owners also benefit from one of the city’s best amenities—the 27 city parks that offer residents a compelling reason to stay in the area. With more than 800 developed acres of parkland plus 35 miles of paved pathways, these parks attract quality renters who enjoy outdoor activities for healthy lifestyles and growing families.
Operating rental homes in the area means investors have plenty of nearby amenities (including Provo’s nationally-recognized Parks & Recreation Department) to help find and keep long-term tenants while setting competitive rental rates to boost returns.
When investing in Provo, UT area, make sure you have one of the most experienced property management companies to help you find the best properties and operate them for optimal returns.
From our tenant screening services and advanced marketing strategies to our approach to rent collection and professional maintenance services, rental property owners can have peace of mind about their investment properties—whether they’re local or live out of town or out of state.
Reeder Asset Management is the best resource for investors to make the most of this rental property market! Our goal is to provide a frustration-free experience for renters and owners by using state-of-the-art software and offering unparalleled service guarantees to real estate investors.
Not every Provo property management company delivers what Reeder Asset Management offers! No matter your rental management needs, we have service and pricing options to fit your goals and budget. Connect with one of our property managers soon to learn more about our property management services and how we can help you benefit from this rental property market!