HB23-1095 Prohibiting the inclusion of certain provisions in written rental agreements. According to current law, a written rental agreement cannot include: Liquidated damages clauses that assign costs to a party arising from an eviction notice or eviction action for a violation of the rental agreement; or Fee-shifting clauses that award attorney fees and court costs to one party … [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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U.S. rent prices continued to decline in November
According to Zumper's November rent report, rent prices are steadily declining across much of the United States. Nationally, the median price for a one-bedroom is unchanged from last month; the median price for a two-bedroom declined by 0.4 percent. Zumper's top 100 cities had decreased or flat one-bedroom prices compared to last month; 60 percent had decreased or flat two-bedroom … [Continue reading...]
In 2022, two-thirds of renters renewed their leases
According to RentCafé's year-end report for 2022, almost two-thirds of renters renewed their leases in a market still hindered by record home prices and rising interest rates. As many as 14 prospective renters competed for a lease at the national level for vacant apartments in 2022, on average, resulting in vacant apartments being occupied within 32 days. In 2022, nearly 95 percent of … [Continue reading...]
Rents are down in 90 of 100 top cities as the market continues to cool
Rents were down in 90 of the nation's 100 largest cities in December of 2022, Apartment List reports in January. In December, national rents declined by 0.8 percent for the fourth straight month. In the chart here, you can see how this winter's price declines are steeper than last year's, according to the report. “We expect that 2023 will see bargaining power shift back to renters, and that … [Continue reading...]
Fear of the unknown and the recession cause renters to put off moving
The Zumper State Of The American Renter Report shows that renters are hunkering in place until they have a better understanding of the market, and having trouble finding a home that suits their budget. “Rent prices are nearly always a harbinger of other economic indicators. We’re seeing pandemic-era trends begin to unwind, and we expect that to accelerate—in nearly every sector of the … [Continue reading...]
Adding a Property Manager as Additional Insured on the Landlord’s Insurance Policy
One of the most important reasons landlords hire a property manager is to help limit exposure to and manage the inherent risk of owning rental property. In the event of a fire, who would be responsible for paying for all damages caused by the loss of the tenant's belongings or bodily injury? The tenant could ask the landlord to cover all medical expenses. The landlord would be liable … [Continue reading...]
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