Avoid Design Trends and Save Money When Renovating Rental Property

Home design goes through just as many fads and changes as fashion. Renovations to your rental property are inevitable, but following trends can end up costing you money in the long run. A trendy unit will be highly marketable for a bit but will quickly feel out of date. Here are a few current trends to avoid during your renovations:…

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5 Simple Tips to Help You Keep Good Tenants

Vacant units are expensive. Not only are you not bringing in rent while a unit is vacant, you also incur costs marketing it and finding new tenants. Instead of losing money to vacant units, work to keep good tenants around. It doesn’t take a lot to keep most tenants happy and it can save you a lot in the long…

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Common Move-In/Move-out Misunderstandings

There are a wide range of expectations when it comes to moving in and out of a rental. From the tenant to the owner to the property manager, there are a lot of people to make happy. So what should these walkthroughs cover and how can you manage the expectations? Here are 3 common misunderstandings for move-in and move-out walkthroughs:…

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Understanding the Common Reasons Tenants Sue

Tenants don’t sue often. Most times a landlord is threatened with court it’s an empty threat. But it does happen and it is rarely expected. Understanding the most common reasons for a lawsuit is the first step to avoiding them. Here are the 4 most common reasons tenants sue: Mishandled Security Deposit Laws about security deposits vary from state to…

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Reasons to Turn Away a Potential Tenant

When you have a vacancy all you want is to fill it, and filled quickly but that doesn’t mean you should let just anyone in. Of course, you always need to comply with Equal Housing guidelines but there are plenty of reasons to say no to a tenant. It’s not worth having the risk of dealing with an eviction to…

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Tips for Handling Unimaginable Tenant Situations

After a few years of working with tenants it’s likely you’ll have stories to share you never would have imagined. Despite tight screening things with a tenant can go wrong quickly. Maybe they lost a loved one, lost their job or are struggling with their health. Life happens and some tenants aren’t able to manage and start to go off…

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3 Factors to Consider When Setting Your Security Deposit

Security deposits range from $200 to a month of rent and more, but how do you decide how much to charge? A security deposit is an important part of your business as a real estate investor. It protects you from paying for repairs out of pocket and in theory gives your tenants extra motivation to take good care of their…

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What You Need to Know About Landlord Liability

Does the word liability make you cringe? You may be surprised by what you as a landlord can be held accountable for. Luckily, most liabilities can be avoided with good property management and tenant screening. Here are 5 major landlord liabilities to stay on top of: Hazards This is a relatively obvious one and should fall under common sense. The…

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The Pros and Cons of Allowing Your Tenant to Sublease

Subleasing is a subject of much debate in the world of property management, and for good reason. There are many complexities regarding maintenance requests, access to the property and responsibility which deter many landlords. As a landlord you have the power to not allow subleases on your properties, but should you? Here are the pros and cons of allowing a…

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Stagnant Rent in Denver to Close Out 2016 + Demand Still High

According to the Denver Post, the number of units reducing asking prices increased by half a percentage point nationally from the same time last year. While the national change isn’t much to write home about, according to the Denver Business Journal, Denver has experienced a 3.1% drop in one bedroom apartments. Some experts say this is due to an oversupply…

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Student Loan Debt, Millennials and Good News for Landlords

You may be a few years removed from the millennial generation or perhaps you’re a millennial landlord with no student debt. Regardless, it can be easy to feel like the issue of student loan debt doesn’t relate to you, but the truth is it does. Millennials make up the primary renter base. 60% of rental applicants from 2011 – 2015…

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7 Ways to Maximize Your Property Showings

Are you tired of showing your rentals and not getting a bite? Even in a busy market with low vacancy rates, renters are often picky about where they are living and who they are giving their money to. Here are 7 simple projects to help your rental properties show well: Start Outside To make a strong first impression, start outside….

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Is Deposit a Taxable Income

The question I’ve been frequently asked by owners is whether a security deposit a taxable income. The security deposit or damage deposit you receive from a tenant should not be included in your rental income if you intend to return the funds to your tenant when they leave after the lease expires. However, if the tenant breaks the lease and…

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How Property Taxes are Determined

This post describes how the property taxes are calculated and what are the timelines in order to appeal if your property tax seems too high. Property taxes are determined on odd-numbered years for 2-year tax periods. Property taxes determined in 2013 will be the taxes for 2013 and 2014 State statute requires that each property in the county be re-valued…

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2012 Wrap Up

Well,how did we do in 2012? I have wrapped up the highlights of 2012 in this short report full graphs and numbers. It includes information on the legislation front; rental market in Metro Denver, various vacancy rates by markets & dwellings, rent survey; Unemployment figures; Hiring; Home sales &Prices; new homes; and supply of homes on the market. Enjoy. 2012WrapUp

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Lower Apartment Vacancies, Higher Rents

The construction of mutli-family housing has been on the rise, however, the shortage in rental market is persisting. The Denver posted reported yesterday the vacancies in Metro Denver has dropped to 4.3% in the 3rd quarter in 2012, the lowest since 2000. The average rent is up 5.2% in one year. The full article is at Denver metro apartment vacancies…

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Expiring 2012 Tax Rates – Considerations

With the 2012 tax rates expiring, I thought to recap where the 2012 tax rates, brackets, and capital gains rates are along with an example of how the marginal tax rate is calculated. As the example shows, one in the 28% bracket does not pay 28% of the income for taxes. The tax is calculated in an stair-step manner on…

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