Case Studies

Real outcomes from Utah property owners, first-time buyers, and investors who worked with Ondo Real Estate

Results Across Utah Markets

These stories reflect the types of situations we encounter every day — landlords losing money on extended vacancies, first-time buyers overwhelmed by financing options, investors wanting returns without operational headaches, and homeowners stuck with rate structures that no longer fit the market. Each case below is drawn from real client work in Utah. Names and identifying details are generalised for privacy, but the numbers and timelines are accurate.

Single-family rental — Salt Lake City

Salt Lake City Landlord Reduces Vacancy from 45 to 12 Days

Challenge

45-day average vacancy between tenants, the owner was handling all maintenance calls personally, and there was no formal screening process in place to evaluate prospective tenants.

Solution

Ondo full-service property management: professional tenant screening, coordinated vendor maintenance, and a systematic leasing process from listing to move-in.

Outcomes

Vacancy reduced from 45 days to 12 days
98% on-time rent collection rate
Owner reclaimed 8+ hours per week

First home purchase — Lehi, Utah County

First-Time Buyer in Lehi Closes with FHA Loan and Zero Cash Over Asking

Challenge

Limited savings in a competitive Utah County market, uncertainty about loan program options, and concern about covering both down payment and closing costs simultaneously.

Solution

FHA loan combined with a Utah Housing Corporation DPA second mortgage to cover the down payment, plus Ondo buyer representation to negotiate and manage the closing timeline.

Outcomes

Closed at asking price — no cash over asking
DPA second mortgage covered closing costs
Keys in hand in 38 days from offer acceptance

Multi-unit investment — Draper

Draper Investor Achieves 7.2% Projected Yield on Fully Managed Rental

Challenge

The investor wanted meaningful real estate exposure but had no bandwidth for active management — sourcing, acquisition coordination, and day-to-day operations all needed to be handled externally.

Solution

Ondo sourced the multi-unit property, managed the acquisition process end to end, and placed property management services on day one with no gap between closing and operations.

Outcomes

7.2% projected cap rate at acquisition
100% occupied within 19 days of closing
Zero owner involvement required in operations

Primary residence refinance — Park City

Park City Owner Saves $380/Month with Jumbo Refinance

Challenge

The owner inherited an above-market jumbo rate from a 2022 purchase when rates peaked. Market rates had shifted favorably but jumbo appraisals at Park City valuations require specialist lender relationships.

Solution

Ondo connected the owner with a jumbo refi lender experienced in Park City valuations and guided the appraisal process, preserving the existing tenant arrangement on the property.

Outcomes

$380/month payment reduction
Break-even on refinance costs in 18 months
Existing tenant retained — no leasing gap

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Case studies show the mechanics — testimonials give you the full picture from the client's perspective. Or if you are ready to talk through your own situation, reach out and we will walk through it with you.

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Results Across Utah Markets