There are important steps that investors must take to ensure the success of their rental property. One of the most critical is: Procuring the right property insurance for your rental investment As your property management company, we cannot advise you specifically on what insurance policy to purchase. The purpose of this article is simply to make you aware of common insurance facts and questions … [Continue reading...]
Property Management Articles
The property management articles below are a great resource for landlords, property owners and real estate investors.
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Repairing or Replacing Flooring in a Rental Home
Over the life of an investment property, flooring can be a minor or major maintenance issue and expense. Much of the time, it is minor. Sometimes it becomes a gray area. Many times, you can prolong the necessity of replacement by using a reputable contractor to repair the areas in question or even possibly replace a damaged area if suitable materials are available. However, when the decision to … [Continue reading...]
Selling A Property With A Tenant
Property owners face a tricky situation when they want to sell a property but still maintain rental income. No one likes losing rent, but keeping a tenant in the property while the property is for sale requires careful consideration. Review the Sales Market It is important to evaluate the Real Estate sales market first. Ask yourself these important questions. Is it a buyer's or seller's … [Continue reading...]
Handling Emergencies and Disasters in Property Management
Emergencies and disasters happen and in many instances, you cannot avoid them. Webster terms an emergency as "an unexpected situation that requires prompt action" and a disaster as "a grave occurrence having harmful results." Emergencies and Disasters in Property Management In the property management world, we see emergencies such as loss of heat, a gas leak, a water leak causing flooding in … [Continue reading...]
Vacancy Checklist For Rental Property Investors
Different circumstances can lead to a vacancy. The tenant gives notice; it is necessary to give the tenant notice; there is a legal eviction; different emergency/disasters can happen such as fire, flood, or tornado; there can be the unexpected or unwanted trauma - crime, untimely death, suicide, etc. The reason for a vacancy can impact how long it takes to rent a property. Every investor … [Continue reading...]
Never Stop Learning in Rental Property Investing and Management
"It's what you learn after you know it all that counts." ~ President Harry S. Truman ~ Colorado Realty and Property Management, Inc. wholeheartedly believes in this sentiment and puts it into action. Continuing our industry education and enhancing our knowledge of the ever changing landscape of Property Management is critical. Recently, Lyle Haas, President and Managing Broker of Colorado … [Continue reading...]
