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Tips for Making Your Rental Property Stand Out

There is no question that most rental properties offer the landlord or the owner a steady source of income. But this income is only consistent if the landlord is able to find a good long-term tenant and/or is able to maintain the property to ensure that the place is hardly ever vacant in between tenants.

One of the most effective ways of ensuring that your property attracts long-term tenants and does not remain vacant for long periods of time is to spruce it up. By making the property stand out, you not only add value to your own property but you also ensure that you continue to generate a consistent income from it.

Here are some tips to make your property stand out.

1. Renovate the Home’s Interior:

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If you are working with a limited budget and have to choose, the one place in the rental property that you should upgrade is the bathroom. People like their bathrooms to look modern, clean, bright and fresh. If you have more money to spend, your next target should be to upgrade the kitchen. Even adding pot lights or a back splash in the kitchen can make a huge difference in your property’s overall look and value.

2. Paint the House:

One of the easiest ways to spruce up the place is with some paint. Pick a paint which matches the style and look of your property and choose high-quality, long-lasting paint that would make your place stand out. A good paint job not only gives the property a fresh look, it can also make the living space appear larger and more spacious and improve the overall aesthetics of the place.

3. Improve your Windows:

Throw away the tacky cloth curtains (if you still have them). Today, there are so many types of novel blinds that can make the interior look elegant and cool. Use of modern blinds can make your property look new and modern.

4. Get New Appliances:

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Again, if you are willing and have the money, it is a great idea to upgrade the appliances in the home. Many landlords neglect to do this and don’t upgrade their appliances for two decades. Don’t make that mistake. If you want your tenant(s) to be happy, at least get a new fridge and a washing machine.

5. Do Upgrades:

Today, homes can be upgraded quite economically. An easy way to make the place look new is to replace the carpets. Try and use carpets that are easy to clean and do not wear and tear quickly. Another easy upgrade is to switch to wooden floors, replace old floors, install new faucets, have new shower curtains etc.

6. Install Tankless Heaters:

If your tenant has to pay for the utilities, you should install the new tankless water heaters. This newer appliance can result in significant reduction in heating costs and are more energy efficient compared to the older generation heaters. They also take up much less space in the basement and are a lot easier to maintain.

7. Maintain Property Even if Vacant:

If your property is vacant, it still needs to be kept clean and pristine. Make sure that you get the carpets professionally cleaned and give the interior a new paint job. Make sure the ceiling fan works, the toilets flush and the door locks are secure. New tenants generally look for safety and cleanliness. If the oven is dirty, either replace it or have it professionally cleaned. Investing money in this will not only get you a good tenant but increase the overall value and attractiveness of your rental property.

8. Enhance the Property’s Curb Appeal:

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Another effective strategy to improve the overall look of your property is to improve the curb. Make it a point to mow the lawn regularly, remove weeds, fill all the potholes, replace any missing tiles or bricks in the walls and floors, pick up the trash and make sure there is no garbage littering around. This is something that you can do yourself and does not require any major investment on your part.

9. Secure the Property:

Most tenants prefer to live on premises that are safe and secure. Therefore, you should install security cameras and put up signs that the premises are being monitored 24/7. You should also ensure that there is ample lighting at night and put a notice that the place is being guarded by an external security system as well.

Remember that when you spruce up your property, you will attract tenants and you can also justify the rents you charge. The story doesn’t end here though. In order to find good people for your rental property, you should also dress well, look professional and be polite. Make sure your office is neat and tidy. Have a business card and prove to your prospective tenants that you are responsible and that you care about your property. First impressions count a lot more than you think.

 

How to Make Your Rental Application Stand Out

There is only one method to making a tenant screening process a cool breeze section, and this is through the careful use of rental applications. The rental application is a tower-light that guides one towards finding quality tenants, hence the question of how to make your rental application stand out. A rental application is also called ‘rentalutions.’

A rental application is a pivotal screening document offered by landlords or property managers to prospective or intending tenants. This document ensures the provision of a wide range of information. Information that comprises of the applicant’s employment, income, and credit; rental history; references from landlords, employers, and others; identifying information, such as Social Security and driver’s license numbers; past evictions, criminal convictions, bankruptcies; and lots more.

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Tips to Make Renting to Tenants with Pets Successful

A proven way of attracting great tenants into your property is to allow pets. Which makes sense considering that a large percentage of the population are pet lovers. Besides, by housing pets in your home, you can justifiably increase the rent and make extra income.

Having pets on the property, however, is not a light task. It adds on risk that your property will be damaged or in extreme cases can result in safety issues for your tenants.

 

So how can a landlord mitigate the risks when renting to tenants who have pets?

 

Establish a Pet Agreement Policy

Before you allow a pet owner to move into your Denver home, it is prudent to create and enforce a pet policy contract. The agreement will address specific pet related issues that the tenant must observe. (more…)

Highlands Ranch’s Top 10 Activities

Highlands Ranch is filled with a lot of attractions for you to see. No wonder it’s considered a must-see for those looking to explore Colorado. As a local business servicing Highlands Ranch, it’s important to know what this beautiful place has to offer. Here, you can discover a lot of things– from local breweries to nature parks.

That said, we have collected the top 7 activities that you must do on your next Highlands Ranch visit.

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6 Tips for Saving on Your Utilities Bill

This article was provided by Cooper Heating & Cooling Inc. 

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These days, homeowners expect to live in a certain level of comfort and with a certain level of convenience. With all of the appliances, comfort systems, and gadgets that we have at our disposal in our homes today, doing so really is easier than ever before. Of course, actually utilizing these systems and appliances does not come free of charge, and you will see your usage levels reflected in your utility bills.

Our friends at Cooper Heating & Cooling, Inc. want to share some tips with you that can help you to cut down on your utility bills. You can’t do away with these costs completely, of course. However, keeping these simple tips in mind can certainly help you to manage them more successfully.

  1. Seal your home up effectively. Some level of natural ventilation is important for keeping the air in your house fresh. Many homes, though – particularly older buildings – have too much of what should be a good thing. Some caulking and weather stripping can go a long way in the fight for lower utility costs.
  2. Try washing your clothes in cold water. Sure, if you’re bleaching your whites you may want to use hot water to help facilitate the process. The fact is, though, that the hot water that you are using for the rest of your laundry is not hot enough to be germicidal. Is it really necessary to wash your t-shirts in water you’ve paid to heat? Plus, no shrinking concerns!
  3. Do you have ceiling fans in your home? Then you should be using them to help your AC in its summer struggle. The ceiling fans in your home will not actively cool the air in your house. They can, however, help to better distribute cooled air, helping you to feel more comfortable. This allows you to take some strain off of your AC, which uses more energy.
  4. Hanging your clothes up to dry, particularly in the sunny summer season, is a great alternative to running your electric or gas clothes dryer. The sun’s UV rays can actually help to bleach and disinfect clothes and linens, too. Don’t want to risk bleaching? Then simply hang the clothes up out of direct sunlight – it will still get the job done with no expense.
  5. Upgrading your thermostat is a great way in which to live in the comfort that you demand with costs that you can handle. You don’t have to replace an entire AC system just to get a more affordable cooling performance. Using a programmable thermostat gives you more control over when and how you cool your home, without sacrificing your comfort.
  6. Finally, remember to keep your HVAC systems tuned up. Scheduling routine maintenance is the best way in which to guarantee that your systems are functioning at peak efficiency levels. Cooper Heating & Cooling, Inc. has a great maintenance plan that makes annual maintenance simpler and more cost effective than ever.

With these tips in mind, we’re sure that you’ll be able to start scaling back your utility costs in your home.

Things to Do in Littleton Colorado

Are you in Littleton, Co for a family vacation or business trip? Or do you live here? Well… Littleton, Co has something for everyone. This area is located about 10 miles Southwest of Denver. It is an area that is rich in historic remnants, activities ranging from culture to recreation and panoramic escapes. There are renowned historic remnants to hiking trails. Around this area, there are various shopping centers where you can find everything from cupcakes to computers. There are also hand-made gifts that are unique. Therefore, you can buy a gift for a friend or loved one and give them when you get back home. As a Littleton business we’re often asked about activities to take part in so we decided to put together this list of the things that you can do in Littleton, CO. (more…)

Is It Time to Hire a Property Manager?

How do you know if it is the right time to hire a property manager? What are the conditions that should make you think about investigating this option? This is not a decision to take lightly. You will first have to ascertain whether this is something that is going to be a benefit for you. If you decide it is –you will then have to go through a lengthy process of engaging the right Denver property management company to suit your needs.

Asking Yourself Some Hard Questions

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The first thing you need to consider is the number of properties or rental units you currently own. If it is more than two or three you should seriously start looking at bringing in a professional to handle your investment, especially if you have a full time job. It is not an ideal situation if you are living far away from your rental properties as you are going to start incurring expenses with going to and from the locations to handle maintenance, inspection and tenant application processes etc. If you are living at a distance of more than 50 miles away, you should be either using a selection of trusted suppliers or seriously contemplate investing in a great property manager.

Managing your own properties could be easier if you are an extremely organized person who is highly effective at administration. If not, you are going to get yourself into a quandary down the line when it comes to keeping accurate records. Be honest with yourself, do you have the 5-10 hours per month to dedicate to each unit? (more…)

How to Keep your Renters Happy and Satisfied

home-frontFilling up a rental vacancy is inconvenient to say the least. Not only does it take a lot of time, it also leads you to losing out on being paid during the months when you have no renters. Needless to say, looking for renters is something you’d be better off not doing.
On the flip side, how do you make a tenant stay in your Littleton rental property once you get a good one?  While there are many factors you cannot control, such as the renter moving to another city altogether, there are still many things that you can do in order to keep your tenant happy, satisfied, and wanting to renew the agreement every time.

Before we get to that though, let’s find out why renters stay.

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How to Effectively Screen Tenants

The perks of having high-quality tenants in your rental property is that you receive the rent promptly, you aren’t overwhelmed by infinite tenant concerns, and you do not have to worry about the renter damaging your property. Which therefore begs the question. How does one get such quality tenants? The answer lies in three words; Effective Tenant Screening.

A popular misconception among landlords is that the screening process is a one-time affair that takes place after a prospective renter fills an application. The truth, however, is that the vetting involves a series of steps, which commence the moment interested parties start to inquire about the vacant property. (more…)

Key Strategies for Collecting Rent On Time

Rental income is one of the primary reasons why people invest in rental properties. Unfortunately, getting the rent from tenants is not always a smooth process. At times renters might fail to pay when the rent becomes due, while others might deliberately withhold the rent in protest to their unaddressed concerns. Still, a property manager or landlord needs the tenant to pay the rent promptly in order to pay off the mortgage and any other fees they may have. If you are constantly having trouble getting your tenants to pay their rent on time, the following rent collection strategies should get you inspired.

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