What’s Considered Normal Wear and Tear for a Residential Rental in Colorado?
Landlords typically require a security deposit to be placed on a rental so that any possible damages that occur are covered. In fact, many landlords refer to the security deposit as a “damage deposit”. It is recommended that tenants make a list of damages and tasks...
Rental Property Investor? Landlord? Learn How to Save on Your Taxes This Year!
If you are a rental property investor or a landlord, you’ll be pleased to know that there are several strategies to save on your taxes this year. Rental properties offer numerous deductions that help reduce your income tax. Reporting Rental Income is a Must As a...
Is Rental Property Considered an Investment or a Business?
Tax season is quickly approaching. If you are a new landlord, chances are, you have a lot of questions pertaining to how to handle those taxes. To make certain that you are receiving the right deductions, you must determine if the property that you rent out is...
The Warranty of Habitability in Colorado
Each residential lease that is given to tenants within the State of Colorado includes what is called a “Warranty of Habitability”. In short, this law places landlords in the position of maintaining living spaces that they rent or lease according to a set of standards...