The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-12
WHO CAN BEST
COLLECT RENT?
Question Is One of Great Inter
est to Apartment-HouSe
Owners.
CLAIM IS MADE THAT
AGENT IS MAN FOR JOB
His Office Is Designated a Clear
ing-HOuse for PrOspec-
tive Tenants.

A question OF vital Interest to the owner
Of apartment house property is whether
10 turn his building over TO a real estate
office. making Il business Of renting, or
to collect the rents himself, says Build
ing Management. 4 careful analysis OF
this with comparisons shows that the
man making a specially OF handling prop
erty Is in better position to produce o
maximum revenue tHan any one else. i lie
professional manager knows how 10 man
age tenants.
He knows what are their rights and
when the owner is being imposed upon.
He knows just how much they are en-
titled &c in the way of repairs and at
Whst point 10 stop Then again, where
the business Is transacted through a
third party, the owner OF the building is
always the gamer, for In many cases di-
rect answers need not be given. The
agent has the option Of telling the tenant
that he viii refer the matter TO the
owner of the property, etc
Take, for example. an ordinary three
story apartment, with two families on a
floor, making in all six families in the
structure. Every one OF these six house
holds has his own idea as how TO live.
and II is doubtful whether any two OF
them Will agree. One family insists that
the house is not properly heated, while
steam OIL. Complaints flow In thick and
fast, especially when II Is known that
the owner can be applied to direct. The
man who is fortunate enough TO possess
enough money to own a parcel OF real
estate is looked upon as a heartless ty-
rant and a grinder of the poor. unless
every little whlm Of the tenants is i'm
mediately complied with.
Many good reasons are evident as TO
why reliable agent VIII produce bet
ter returns out OF a building than the
important:
Several Reasons Why.
The agents office is clearing house
for prospective tenants TO get what they
want with very little trouble, His office
is open all day, where he can be reached.
He only does this one thing. and there
fore can devote his entire energies 10
accomplishing the best results for the
owner. To be sure mere is charge on
the, part of the agent Tor supervising the
the amount is we'll invested, and when
all Is said and done he will have money
in his pocket at the end OF the year.
He can negotiate all transactions i'm
istics of all tenants and would-be ten
ants and is not afraid to reject the un
desirable,
He is experienced In handling tenants
and by his professional tact and skill can
tell promptly what 10 do and what not
to do. and with his broad experience can
arrive at some satisfactory understanding
whereby good tenants are retained.
He has thorough knowledge OF the
renting business in general and is ac-
quainted with the laws pertaining to the
landlord and tenant ad is familiar with
the tricks ad schemes of the renting
public. consequently occupies a firm
ground In all his transactions.
Inc buying OF supplies for modern
apartment house is q serious matter and
should not be undertaken by anyone not
thoroughly convcrsant with all the de
tails OF the business. Prices arc con-
tinually, changing and the first thing an
owner knows, he is let in for a big bill
that was really unnecessary. There are
sometimes several ways OF making the
same repair. and the agents judgment
In such matters is almost always the
while In the case OF the owner IL IS
almost invariably guess work
Agent Must Be on JOB.
It IS a decided mistake land one fire.
quently made) for the owner to place his
pLoperty IN charge OF man unfamiliar
WIN the business. just because ne IS
cheap. This is certainly false econ
omy The man with the large interests
IN store, factory and other business en-
teTprises, will secure the best men posi-
BILE for managers and consider the money
paid them wisely expended and vet with
out any hesitation entrust the care and
management OF many thousands OF dol
lars worth OF real estate 10 persons ut
terly untitled or 10 those whose bust
ness interests are so varied that they
give a very small portion OF their time
ment OF the property IN question, The
more conservative owners are rapldly
placing their property In the hands or
men especially fitted for this work 1t is
not reasonable TO expect an investment
OF. say, 1000 in manufac turing in.
dustry to yield 10 per cent under tie
management OF $40 week man. Then,
ment!
Those owners who are dissatisfied with |
their realty holdings will do well to
place their property In the hands of an
experienced and competent agent. and
the results VIII certainly justify the addi-
tiona expenditure.