Taylor Haas

It just depends, it certainly can be if you're not familiar with property management law, you have difficult tenants, or maybe a lot of maintenance expenses. By hiring a professional property management company, they take over all the stress and can provide peace of mind so that you don't have to worry about it.

Honestly just depends on your goals, if you're going to be using the rental income as active or passive income, some investors have one property, some have five, some have 50. It just depends on what your goals are. As long as you're either breaking even or being cash positive, I would say that that is a great way to be an investor.

No, we currently do not. But it is something that could be a possibility in the future as consistently people are pushing for this to become a thing in Colorado.

Our answer is absolutely. 84% of Colorado renters have pets, so its a huge chunk of the potential prospect pool. Even if you create a limitation on the numbers of pets, size of pets or breeds, that is better than having a hard no. Allowing pets will help to get your property rented faster.

No, rent by the room has been around for quite some time. we often do have landlords reach out to us to help fill a vacancy, or because they're having issues between roommates. By doing individual liability leasing, you're opening yourself up to a whole lot more stress and complications with having to keep track of each individual person's lease agreement. By doing joint and severally liable leasing, you're able to have more control over the situation by having just one lease to keep track of.

How many days notice does a landlord have to give a tenant to evict a tenancy at will? It honestly depends on the reason for the eviction. If its for non payment of rent, there are currently moratoriums in place that are restricting your ability to evict tenants. If its for non compliance, you would be able to post a 10 day posting.

As long as you have a well written lease agreement that defines the terms for a landlord to enter the property, and proper notice has been given per that lease agreement, a tenant cannot refuse a landlord entry.

In our opinion, no. There is much more stability and less risk for the landlord if you have a long term lease agreement. We typically recommend having that lease in place for about 12 months.

Can the landlord break the lease early? While the tenants are in place, they actually have more rights to the property than you as a landlord. You would have to come to a mutual agreement with the tenants in order to break it. However, as the landlord you cannot just break it without the tenants consent.

How to get the property rental ready. You want to make sure that the property is clear of all personal belongings. You want to make sure that the paint is of a neutral modern color. You want to make sure that carpets are clean, or recently replaced with rental grade carpeting. You also want to make sure that the property has been professionally cleaned so that that way it is ready for showings and a new resident can move in as soon as possible.