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Should I Rent My House Furnished?

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“Should I rent my house furnished?”

This is a question that many new landlords in Denver often ask themselves. To start off, there is no law that compels landlords to offer their rental properties furnished or unfurnished—it’s a personal choice.

There are advantages and disadvantages to offering a property furnished or unfurnished. Remember, though—your end goal should be to earn as much income from your investment as possible, no matter the choice.

So, should you offer your Colorado property with furniture, appliances, bathroom scales, and kitchenware?

Or, should you offer it with nothing but bare walls and floorboards to let the tenants design it themselves. (more…)

How to Be a Great Landlord in Denver

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Many landlords in Denver have the same question – How do I become a great landlord?

There’s no question about it, being a good landlord can be difficult. It requires consistency, being organized, having great relationships with your tenants, responding to issues promptly, and among other things, being knowledgeable about important laws.

Being a great landlord will bring on many benefits and is sure to make your life as a property owner much easier.

With our experience in property management, we were able to come up with ways to be a good landlord in Denver, Colorado: (more…)

Best Ways Tenants Can Pay Their Rent

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What is the most efficient way to collect rent as a landlord?

You want a process in place that encourages tenants to pay rent both easily and on time. That way you have a steady cash flow and a smooth relationship with your renters.

The good news is that there are several ways to make this happen. Read on to find out the best ways your tenants can pay their rent. (more…)

How to Attract Long-Term Tenants

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Tenants who rent your property long-term are valuable. You can expect a steady flow of income and a reduction in marketing expenses. More importantly, you will be able to dedicate more time to keeping your tenants happy rather than constantly searching for new ones.

Here are some tips for holding on to your Denver tenants for as long as possible: (more…)

Hiring a Property Manager vs. Self-Managing: What’s Better?

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Should you hire a property manager or should you self-manage?

This is a question that many new landlords usually ask themselves.

Real estate investors have the common goal of obtaining the highest returns possible from their rental property investment.

One way of achieving this goal is to ensure that every aspect of the rental business runs efficiently. As such, making the right decision of who should manage your property is key.

To make the right decision, you will need to weigh the benefits of each option against each other to determine the perfect fit for your property. (more…)

3 Pros & Cons of Including Utilities in Rent

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Landlording isn’t easy. There is a lot to deal with, from rent collection to carrying out property repairs and maintenance and everything in between.

As a landlord in Centennial, Colorado, there is one question that often comes up when creating the terms of your lease – should you or should you not include utilities in rent? (more…)

6 Mistakes Real Estate Investors Make When Budgeting For Their Rental Property

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Most real estate investors invest for one main reason – making money. And there’s only one way to know if you are.

How?

You track your efforts. You calculate your return on investment (ROI).

To do so, you’ll want to track how much money has gone in and how much have you gotten back.

If you have a surplus, you’re making money. It’s a little more complex than that but that is the overall concept.

Now, that means you need to track your efforts.

“What gets measured, gets managed.” – Peter Drucker

(more…)

Best Questions to Ask Before Hiring a Property Manager

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Managing rental property in Denver, Colorado is not for everyone. Property management, among other things, requires experience and a unique skill set.

If you are thinking of hiring a property manager, there are certain traits you should be on the lookout for.

Luckily, this blog will help you weed out the amateurs from the pros. (more…)

How to Deal with Bad Tenants

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Landlords are plagued by tenant problems every day. However, lowering the rental price to keep the good ones and evicting the bad ones may not be the best solution.

Not only will lower rents affect your rental income, but evictions can also be frustrating and time-consuming. Additionally, you’ll also have turnover costs associated with looking for a new tenant.

That said, carrying out an eviction can sometimes become necessary. So, whether you are just starting out or have been a landlord for years, knowing how the eviction process works is an absolute must. (more…)

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