Pests can be a problem any time during the year and are a common occurrence in the rental industry. If you check the dictionary, there are varying definitions for pests; here are three common ones. An insect or other small animal that harms or destroys garden plants, trees, etc. An annoying or troublesome person, animal, or thing; nuisance A deadly epidemic disease, especially a … [Continue reading...]
Property Management Articles
If you’re considering hiring a property management company in Denver, Colorado Springs and/or Fort Collins, Colorado Realty and Property Management, Inc. could be the right choice for your needs. The property management articles below are a great resource for landlords and real estate investors.
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New Energy Requirements
No one likes surprises that affect their investment financially, which is why we are apprising you now of the legislative changes in the event your property does require a new AC unit, heat pump, or water heater. Air Conditioners/Heat Pumps Beginning January 1, 2015 the federal government, the U.S. Department of Energy (DOE) changed the 13 SEER energy standards to 14 SEER. There is a new … [Continue reading...]
What Do Tenants REALLY Want?
Everyone has heard horror stories about bad tenants. They make movies about them because melodramas sell at the box office. While there are bad tenants who cheat owners out of rent and can be destructive, the majority of renters are simply good people. What investors really want is good tenancy, as well as the best return on their investment. These are the very reasons why property owners should … [Continue reading...]
Child Safety in Investment Properties
Some property owners would like to avoid renting to tenants with children because they feel this can lead to more damage and additional expense when it comes to safety. However, the Fair Housing Act prohibits discrimination of familial status. There are exceptions such as properties that qualify under the senior housing exemption but exceptions are few. Discriminating against children and … [Continue reading...]
Fair Housing and Reasonable Modifications
The Federal Fair Housing Act (known as the Act) prohibits discrimination in housing based on race, color, religion, sex, national origin, familial status, and disability. The Department of Justice (the DOJ) and the Department of Housing and Urban Development (HUD) jointly enforce this landmark legislation. Most states also have additional Fair Housing laws. Fair Housing requirements make it … [Continue reading...]
What is Useful Life and Why is it Important?
All things on earth have a life expectancy - people, buildings, clothing, food, etc. All the parts of an investment property have a life expectancy as well. A building can last for years, even centuries, while you may have to replace that dishwasher next year or in ten years. Why is it useful to consider life expectancy? It is always better to know as much about your property as possible. … [Continue reading...]
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