Murray, Utah
Murray is a small city of approximately 50,000 residents that sits less than ten miles south of Salt Lake City. Like much of the Wasatch Front, Murray was originally settled by Mormon pioneers in the late 19th century. For many years, the community thrived as an industrial powerhouse, with multiple factories operating in the community. Today, Murray is a known for its world-class healthcare facility, Intermountain Medical Center, many beautiful parks, and a host of cultural institutions who call the city home.
The past continues to play a large role in modern Murray, with many museums, historical districts, and preserved buildings contributing to the unique appeal of the area. The local government also sponsors the Murray City Cultural Arts program, which aims to promote cultural activities for the whole family to enjoy.
Living in Murray, Utah
Those who choose to call Murray home often cite its small town atmosphere, family-friendly environment, and close proximity to Salt Lake as some of the most appealing attributes of this Utah city. Many of the community's residents commute to jobs across the SLC Metro. Murray also offers plenty of economic opportunities for workers, including positions with local employers.
An estimated one-third of the local population lives in rental homes, including single-family properties, apartment complexes, and townhouses. Much like other communities across the Salt Lake Valley, Murray has seen a marked increase in housing demand in the new millennium. The city has also undergone a metamorphosis of sorts, annexing neighboring areas like Cottonwood West and adding to the existing infrastructure of the community.
Investing in Murray Rental Properties
With strong growth projections throughout the metro area, it comes as no surprise that Murray is a popular spot for real estate investors looking to grow their portfolio. Murray has seen a healthy increase in home valuations in recent years, and housing demand has caused an uptick in rental prices. These favorable conditions make Murray an attractive option for savvy investors.
Working with a property manager in Murray is the easiest way to handle the day-to-day operations of a rental home, while simultaneously turning a healthy profit. At BMG Rentals, we've worked extensively with local landlords. Our Murray property management approach includes in-depth tenant screening, proactive maintenance and inspections, and a commitment to delivering the best results possible for our clients.
In fact, we're so confident in our property management packages that we offer a satisfaction guarantee to each and every client. While some management firms turn to hidden fees or tricky contracts to snare clients, we treat every one of our investors like business partners. As our motto goes, "Your property is our priority."