Property Management Blog

Inheriting Tenants on a newly purchased property? Now what?

Rent is the driving force behind all rental properties. Balancing it with your tenants can be a tricky process, since rental property owners want to maximize rent, while the renters want it as low as possible. Rental Properties in Highlands Ranch and throughout Colorado can sometimes change hands, leaving inherited tenants up in the ...

Finding and Buying your next Real Estate Investment Property with PMI Elevation

You’re looking to buy a rental property. Just because it’s in the right area or neighborhood, doesn’t mean it’s the right fit. There are a few things to look for to make sure your foray into owning a rental property goes as well as planned, making sure your investment is worth it.Finding the right market is vital t...

Automating your Online Rent Payments with High-Tech Tools

Collecting rent has long been a major thorn in the side of all landlords. Gathering checks can be a hassle, and rounding them up when they’re due (The check is in the mail!) can be troublesome, too. Many landlords still collect rent through checks, but there is another viable solution out there with much less hassle: Paying onl...

Doing Security Deposits Right!

Rental properties can be a good money maker for real estate investors. There are a few ways those investments get protected, and one of the most common is security deposits. But security deposits aren’t cut and dried. There are a lot of questions that can go along with them. Are you charging too much? Or not enough? How much sh...

Timing Your Lease Start and End Dates

Maximizing your rental property is more than just getting the right tenant with the perfect rent in the right neighborhood with the right amenities. A landlord has to find that tenant first, and listing your rental property at the most opportune time can go a long way toward making that search a success.The prime rental season genera...

Are you charging the correct rent?

As a landlord, the most important aspect of any rental property is rent. You know you have to charge it, and the tenant knows they have to pay it. But that doesn’t mean everything surrounding rent is cut and dried. Determining the right amount to charge for rent can determine the type of tenant you get. And when is the right ti...

Breaking the Lease Early

Your property is leased, but the tenant wants to terminate it before it’s up. Even with an airtight rental agreement, there are still a number of legal exceptions that can enable them to break the lease without penalty, and there are some responsibilities that fall on the landlord in case this happens, too. It’s important...

COLORADO WARRANTY OF HABITABILITY

Security Deposit refunds are due back to the tenant within 30 days, unless your lease agreed to more, but no longer than 60 days. The Landlord owes the tenant a statement of withholdings, essentially showing the reason any funds were not returned to the tenant upon vacating. This includes amounts for unpaid rent, utilities, cleaning or da...

The Importance of a Walkthrough and Inspection before and after tenancy

There is a tenant ready to move in your rental property. One of the most important steps in the process of finding the right tenant is conducting a thorough walk-through to make sure both sides know what to expect. The walk-through is an inspection of the property that gives both parties the opportunity to document any issues that ei...

What is in your Rental Agreement?

You have a rental property. You have a tenant. As a landlord, you know what your expectations are for your tenant, but is the tenant on the same page? Making sure your rental or lease agreement is tailored to the specifics is vital for the success of your rental unit, and can go a long way in helping to create a good starting point o...