When I decided to move out of my condo to move to a new city, I knew that I wanted to rent it out and become a landlord in Denver, and that I’d need professional property management. I work for a property management company, so one might think that of all people, I’d be able to manage my own property but frankly, I don’t want to. I would rather focus on what matters most to me. Tenant drama, silly … [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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Property Management Explained
Property manager responsibilities include setting and collecting rent, handling maintenance requests, filling vacant units and potentially setting the budget for the property. Property managers often take care of property that real estate investors either do not live near or do not wish to personally manage. They also comply with the local landlord and real estate board laws and maintain the … [Continue reading...]
Buy to Resell vs Buy to Lease
Only 14 of every 1,000 U.S. homes changed hands in the first half of 2023. It's the lowest share in at least a decade, down from 19 out of every 1,000 during the same period in 2019 Needless to say, the housing market is experiencing a slowdown, leaving some prospective investors uncertain whether now is a good time to get into real estate. However, with the right strategy, you can make money … [Continue reading...]
Colorado Springs Home Sales Decrease but Prices are Rising
While home prices continue to rise, Colorado Springs-area home sales fell last month and the supply of homes for sale ballooned to a nearly three-year high - signs that rising mortgage rates are finally affecting the housing market. In June, the Pikes Peak Association of Realtors reported 1,712 sales of single-family homes and patio homes in the Springs area, a 5.7% decline over last year … [Continue reading...]
Increase in Homes Inventory
Compared to a year ago, nearly twice as many properties are currently on the market in metro Denver, according to a monthly update from the Denver Metro Association of Realtors. At the end of June, buyers had four times more choices than they did at the beginning of the year - 6,057 vs. 1,477 - after struggling with record-low listings. However, that may prove to be a small … [Continue reading...]
Should Landlords be Concerned about a Recession?
A recession occurs when economic activity declines significantly over a period of months or even years. Economic experts define recession as a period of declining income and manufacturing for an extended period of time, as well as negative gross domestic product (GDP), rising unemployment, and falling retail sales. Should landlords be concerned about a recession? An economy's regular cadence of … [Continue reading...]
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