Property Management Tips
How to Prepare Your Rental Property to be Pet-Friendly
It is a known fact that pets – regardless of type – pose risks to rental properties. They are capable of causing structural damage and also damage to furniture and landscaping. If aggressive, they may pose a danger to others, such as neighbors. If you are a landlord...
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...
The 2024 Real Estate Market Guide for Colorado Investors
Generally speaking, it is challenging to predict what will occur with the real estate market in Colorado, it seems very likely that there will be steady gains to be had in the year of 2024. This is especially true in and around the City of Denver. It does not matter...
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...
Is Colorado a Landlord-Friendly State?
The State of Colorado is considered to be a landlord-friendly state. This means that from the laws surrounding landlords and tenants, insurance rates, tax rates, allowing landlords to enter their property without notice, to very few restrictions in regards to...
Is Denver a Good Place to Own Rental Property?
When considering an investment in rental property, yes, Denver, Colorado is an optimal choice. The location, population increases, plus an active housing market in combination with a thriving local economy and increasing home values make it ideal. The cultural scene...
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...
Boosting the Security of Your Rental Property Will Boost Tenant Retention and Your Earnings
If you are a landlord, it is imperative that you understand that tenant retention is considered one of the most cost-effective and productive strategies for boosting your reputation and your earnings. Instead of viewing your tenants as individuals that simply owe you,...
What is a Rental Investment Property?
A rental investment property is a form of real estate purchased with the intent of generating income through the means of collecting monthly rent from tenants. The rental income is intended to pay off the property and result in a return on investment. Investing in...
How to Find a Good Deal on Investment Rental Properties
In today’s world, it may seem exceptionally challenging to discover deals on investment rental properties. If you are reading this, chances are, you have – up until this time – had a high level of dependency upon a multiple listing service (MLS). The truth is, this is...
Denver’s Demand for Single-Family Rentals to Increase Significantly in 2023
In recent years, the overall demand for single-family rentals has experienced an increase. This was initiated prior to the crisis that resulted in massive amounts of foreclosures. In some instances, this stemmed from expansions in credit during the period known as the...
Does a Tenant Have a Right to Break a Lease?
A Guide for Property Owners The lease that you create and you and your tenants agree to through a signature is considered to be a legally binding agreement. If those that elect to rent your property break the lease contract, you may pursue it in the court system....
Why Higher Interest Rates Mean Higher Rent and Lease Prices
The rate of inflation is now at its highest since the period of the 1980s. Credit standards are now exceptionally tight. There is a rapid decline in terms of surplus for homes that are not currently selling. The interest rate associated with home ownership has...
The Importance of a Rental Inspection Checklist
Whether you are an investor seeking to purchase a rental property or an investor that currently owns rental property, it is essential that you learn the importance of a rental inspection checklist and how to create one. Conducting periodic inspections of your rental...