This may be your first reaction if you receive a notice to vacate from a tenant with a holiday season approaching. The first thought is that no one will rent a property in November, much less December - the holiday month. There is the prevailing belief that the property cannot possibly rent until the first of the year or possibly even longer. While it is true that it can be slower during the … [Continue reading...]
Property Management Articles | Denver Colorado
These articles cover single-family property management topics for real estate investors in Denver and across Colorado. Content focuses on managing rental homes, tenant relations, leasing, operations, and performance strategies that support efficient ownership and long-term investment success.
Family or Friends As Tenants
Family and friends - you can love and/or admire them BUT should they become your tenants? This is a form of "nepotism, the practice of hiring family and/or friends." It has both pros and cons and it is an area where a very large "proceed with caution" sign should be posted. You may have these thoughts about the subject of friends and family for tenants. One advantage for renting to a family … [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...]
