According to RentCafé's year-end report for 2022, almost two-thirds of renters renewed their leases in a market still hindered by record home prices and rising interest rates. As many as 14 prospective renters competed for a lease at the national level for vacant apartments in 2022, on average, resulting in vacant apartments being occupied within 32 days. In 2022, nearly 95 percent of … [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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Rents are down in 90 of 100 top cities as the market continues to cool
Rents were down in 90 of the nation's 100 largest cities in December of 2022, Apartment List reports in January. In December, national rents declined by 0.8 percent for the fourth straight month. In the chart here, you can see how this winter's price declines are steeper than last year's, according to the report. “We expect that 2023 will see bargaining power shift back to renters, and that … [Continue reading...]
Fear of the unknown and the recession cause renters to put off moving
The Zumper State Of The American Renter Report shows that renters are hunkering in place until they have a better understanding of the market, and having trouble finding a home that suits their budget. “Rent prices are nearly always a harbinger of other economic indicators. We’re seeing pandemic-era trends begin to unwind, and we expect that to accelerate—in nearly every sector of the … [Continue reading...]
Adding a Property Manager as Additional Insured on the Landlord’s Insurance Policy
One of the most important reasons landlords hire a property manager is to help limit exposure to and manage the inherent risk of owning rental property. In the event of a fire, who would be responsible for paying for all damages caused by the loss of the tenant's belongings or bodily injury? The tenant could ask the landlord to cover all medical expenses. The landlord would be liable … [Continue reading...]
Denver Property Management by Chat GPT
Denver Property Management by Chat GPT Denver property management refers to the process of overseeing and managing residential or commercial properties in the Denver, Colorado area. This can include tasks such as advertising and showing properties to potential tenants, negotiating leases, collecting rent, maintaining and repairing the property, and handling tenant issues or conflicts. Property … [Continue reading...]
What’s Behind the “Sellers Strike”? Why the housing market is in a slump
Low interest rates are causing homeowners to sit tight on new listings, slowing down the housing market. Back in March and again in August, it was noted that "the affordability limits for Americans are undoubtedly reaching their limits," causing "a correction" without the unpleasantness of a crash. Compared to the teaser rates of the early- to mid-aughts, the real estate market is … [Continue reading...]
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