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…)
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…)
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…)
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
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…)
The only way you can maximize your rental income is by minimizing your expenses. While there are many ways to go about it, taking advantage of tax benefits is often the best place to start. (more…)
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…)
How much do you know about the Fair Housing Act (FHA) and how it affects you as a landlord or property investor?
Well, if you don’t know much, you may be putting yourself at risk of being sued for discrimination. So, it is always good to learn about the FHA. (more…)
Starting out as a Denver landlord is a scary experience and can leave you with plenty of questions on how to best go about it.
Well, fear not. Navigating these issues can seem complex and confusing at first, but becoming a landlord is more straightforward than it may appear.
If you are ready to learn, we’ve put together a list of 9 tips for first-time landlords. (more…)
Raising the rent on good tenants is not always an easy task. In the light of increasing market rents, you might start wondering whether keeping up with the overall pricing trend is worth the risk of losing a great tenant.
There are many aspects to consider before raising the rent, and it’s not only about how respectable your renters are.
In this article, we’ll go through all the main points you should consider before making any changes to the rent. (more…)
