Tax Protections For Mobile Veterans And Military Status Programs To Develop Housing Revolving Loan Fund Invest
Summary of the 2023 Legislative Session which ended May 2023.
It is now the end of the 120-day legislative session in Colorado. Fortunately for Colorado landlords, there are no more bills to introduce since this has been one of the most challenging defensive sessions in recent memory.
After the November elections, housing affordability became the legislature's top priority as it took office in January. As a result of this focus, there has been an almost unmanageable number of bills – many of them dealing with major policy issues – attempting to shift Colorado's landlord-tenant laws from favoring landlords as property owners to emphasizing tenant rights over those traditionally held by property owners.
Landlords in Colorado face enormous risks and responsibilities as providers of highly valuable real estate assets to tenants based on background checks, security deposits, and leases as guarantees of payment.
Eviction is a costly last resort when non-payment is not recovered. As stakeholders, we offered testimony on seven high-profile pieces of legislation this past session, reached out to legislators with concerns based on Calls to Action, participated in lengthy negotiations at the Capitol, and assisted our members, investors, Board of Directors, and professional lobbyist in advocating for them. A total of eight other bills dealing with additional housing issues were also introduced by us.
Tax
Not sure if you need property management? Ask yourself these questions:
- Are you up to date on the ever-changing Fair Housing laws, legislation regarding Warranty of Habitability, lead based paint testing and toxic mold policies?
- Has your property been issued a current Rental Housing License? If not, are you aware of the penalties?
- Are you familiar with the new laws and legislation affecting your property?
- Do you understand the complex nature of service, companion and emotional support animals?
- Are you concerned about the recent legalization of marijuana and how this impacts you as the Landlord and your property?
- Do you clearly understand the laws regarding security deposit dispositions and the interest due to the tenant?
- Are you concerned about the possibility of a tenant suing you…and winning? It’s happening more and more every day.
- Do you want to deal with late payments, bounced checks, and collecting rent in general?
- Do you dread confrontation with tenants? How are they maintaining the property? Are they paying their rent on time?
- Do you cross your fingers, hoping that you won’t have to deal with the exhaustive move-out, advertising, and move-in processes that occur between tenants?
- Do you struggle with advertising and showing your vacant property?
- Are you prepared to take applications, run credit, and perform background checks?
- Do you have a way to screen potential tenants
- Are you frustrated with the calls and fines by the Homeowners Association or the City of Denver for something that you didn’t know about?
- Do you sometimes feel that you spend too much of your time collecting checks, paying vendors, and performing all of the accounting necessary on your rental?
Has managing your property become too complex?
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Has managing your property become too complex?
FREE RENTAL ANALYSIS Enter Rental Property Address
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