
Key Property Solutions
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Company Details
527 E. Pioneer Rd. Ste #100, Draper, UT 84020
Property Types
Credentials
Asset Class Focus
Company Size
Years in Business
3 years
Founded Year
2022
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Frequently Asked Questions
What management and leasing fees should I expect?
Key Property Solutions charges a 9% management fee and a 35% leasing commission for each new lease. Lease renewals are $150, and a one-time $300 marketing package applies per new unit for professional photos and a flooring layout to use when marketing the property.
What maintenance and repair costs are authorized without my approval?
The manager can approve routine repairs up to $300 for general items and $500 for HVAC, plumbing, or electrical without prior owner consent. Emergency or high-priority repairs may exceed these limits if necessary to protect tenants or property.
How are rents, deposits, and payments handled?
Key Property Solutions collects all rent and deposits, maintains them in a qualified bank account, and issues monthly owner statements with all income and expenses by the 15th of each month. A $500 owner reserve is maintained for repairs and operating costs. Security deposits are held and refunded by the manager.
How often is the property inspected?
Formal inspections are conducted at move-in, move-out, and every six months throughout the tenancy, beginning three months after the initial lease start date. In addition, our maintenance technicians perform informal condition checks during any service visits to ensure the property is being properly maintained and that tenants remain in compliance with their lease obligations.
How does Key Property Solutions handle tenant selection and leasing?
The manager handles advertising, tenant screening, and lease execution from start to finish. Rent pricing is based on market conditions, and all applicants are screened for creditworthiness. The company manages all lease renewals, terminations, and if necessary, evictions — always in compliance with local and federal fair-housing laws.