Why is the tenant giving notice now! This may be your first reaction if you receive a notice to vacate from a tenant with a holiday season approaching. The first thought is that no one will rent a property in November, much less December - the holiday month. There is the prevailing belief that the property cannot possibly rent until the first of the year or possibly even longer. Do People Rent … [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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Avoiding Court in Property Management
No investor wants to receive a call from a property manager that legal action could be or is necessary. As your property management company, we spend a lot of time and energy trying to avoid this kind of call. Our efforts include updating our education, preventative maintenance, placing qualified tenants in your property, and handling the many details involved with your property in a timely … [Continue reading...]
Important Questions to Ask Your Insurance Agent
There are important steps that investors must take to ensure the success of their rental property. One of the most critical is: Procuring the right property insurance for your rental investment As your property management company, we cannot advise you specifically on what insurance policy to purchase. The purpose of this article is simply to make you aware of common insurance facts and questions … [Continue reading...]
Repairing or Replacing Flooring in a Rental Home
Over the life of an investment property, flooring can be a minor or major maintenance issue and expense. Much of the time, it is minor. Sometimes it becomes a gray area. Many times, you can prolong the necessity of replacement by using a reputable contractor to repair the areas in question or even possibly replace a damaged area if suitable materials are available. However, when the decision to … [Continue reading...]
Selling A Property With A Tenant
Property owners face a tricky situation when they want to sell a property but still maintain rental income. No one likes losing rent, but keeping a tenant in the property while the property is for sale requires careful consideration. Review the Sales Market It is important to evaluate the Real Estate sales market first. Ask yourself these important questions. Is it a buyer's or seller's … [Continue reading...]
Handling Emergencies and Disasters in Property Management
Emergencies and disasters happen and in many instances, you cannot avoid them. Webster terms an emergency as "an unexpected situation that requires prompt action" and a disaster as "a grave occurrence having harmful results." Emergencies and Disasters in Property Management In the property management world, we see emergencies such as loss of heat, a gas leak, a water leak causing flooding in … [Continue reading...]
