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Category Archives: Property Management

Colorado Property Management Services, Colorado Rental Property Management, Colorado Property Leasing, Colorado Property Managers, Colorado Rental Home Management, Colorado Rental Advertising, Colorado Housing Helpers

Property Management Tips: Get Your Rental Show-Ready

Keeping your rental home “show-ready” for potential tenants isn’t a walk in the park. One of the advantages of hiring a property management company is that you have someone to give their professional opinion on staging and decorating issues.

Your property manager lets you know if there are cobwebs or bugs you missed and if people are commenting negatively about a certain aspect of the rental home that you can easily remedy. It doesn’t cost a fortune to farm out some of the duties associated with an immaculate house and yard.

To make money in the hot rental market, consider hiring a property manager who will oversee the cleaning and maintenance of your rental with the understanding that your home has to look good to potential tenants.

Taking care of the interior

When it comes to maintaining the home, it’s important to hire someone who specializes in thorough home cleaning as well as a person who handles yard maintenance. People who rely on family members often regret the decision because the DIY approach doesn’t always work as well as anticipated. Even if you live in the area, you can rely on the property manager to report back about shoddy work or problems.

Attending to outdoor issues

In addition to mowing the lawn, a property manager hires the right people to take care of weeding or any issues that would ruin curb appeal. If you have not rented out your home yet, you still need to follow homeowner association rules about general maintenance and upkeep. Getting a fine or lien against your home could complicate an investment. Pay close attention to the utility bills in case a worker or tenant forgets to turn off the water. Also, talk to the property manager about how to switch over the utilities to the tenants.

If you want greater peace of mind, ask your property management company to text photographs of completed work. A good property manager keeps your home show-ready, communicates and checks the property for the owner.

In addition to making sure the rental home is move-in ready, your property manager will discuss whether or not to stage the rental home. Making the home smell nice with air fresheners, adding accessories and making targeted upgrades are a few of the ways to make sure your rental doesn’t languish on the market costing you more money.

At Housing Helpers, we provide complete property management services for mom-and-pop landlords, “reluctant landlords” who inherit homes as well as experienced real estate investors. For more tips on keeping your rental home show-ready, please contact us at 303-545-6000.  

Property Management Arvada

Property Management Boulder

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Property Management Tips | Rental vs Flipping

In this segment of Property Management Tips we discuss the pros and cons of flipping real estate versus holding real estate long term as a rental property. 

Some people set out to find a real estate investment to flip or turn into a rental. Other people inherit a home they don’t intend to live in themselves. While flipping is popular, there are several current advantages to hiring a property management company to rent out your investment property. Before hunting for an investment property or turning a home you own into a way to draw income, consider some of the advantages of owning a rental home vs flipping a house for a profit.

Making it less intimidating

Buying a home to flip or make a quick profit is an intimidating endeavor. Home flippers have to have a team of contractors and carpenters to finish the work as well as a solid financial budget. An easier way to get into real-estate investing is to buy a rental home and then hire a property management company. According to an article by The Seattle Times, two-thirds of people in the U.S. say investing in real estate is too costly or intimidating. Just 15 percent of people invest in real estate beyond the home in which they live.

Finding an affordable property

One of the main challenges of flipping or investing in a rental property is finding an affordable home. Although there were a lot of foreclosures on the market 7 years ago, most of those are gone. But higher prices affect the home flipper more than the rental property owner. Even though home prices are up, rental values are up as well. Experts believe rental prices will continue to go up.

Some investors chose live-in flips or homes they could reside in while they fixed them up. The problem is new tax rules changed so a live-in flipper would have to take 5 years instead of two years to avoid capital gains taxes. Ideally, find a turnkey ready home to turn into a rental house. Then, you begin immediately bringing in passive income. Owning a rental home also pays off at tax time because of the generous deductions.

At Housing Helpers Colorado, we provide property management and other services for house hunters. For more tips on investing in real estate in today’s economy, please contact us at 303-545-6000.  

 

Arvada Property Management

Boulder Property Management

Erie Property Management

Longmont Property Management

Louisville Property Management

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Property Management Tips

Property Management Tips : How to Start Investing in Real Estate

The latest property management tips from Housing Helpers of Colorado.   While some people think that investing in real estate is easy, it is important to realize just how much work goes into it. That being said, it can be a great way to make some extra money.

Here are some tips from the property manager if you want to start investing in real estate.

Make sure that your credit is really good. If your credit is not very high, you are going to end up paying more money each month than you would like. Work on improving your credit score and try again in a few months or a year. It will be worth it because you will be able to buy a much better property for a lower price!   And of course the goal should be that your expected rental income will cover your carrying costs for the property.   Get with your property management company if you need help figuring this out.  

Study the rental market – Do your research. You need to study the rental marketplace and see if people are renting homes in the area. It is also important to find out what they are paying in rent. If they can get a home for much less than you would have to charge in order to make a profit, you are going to struggle to find someone to rent to.

Put together a budget.   A great rental property investment often starts with an analysis of money-in versus money-out.   Create a simple spreadsheet.  On the top of the spreadsheet you will list all revenues ; rent, ancillary income such as pet rent, parking rent, fees etc.   Then below you will list all of the expenses of owning the property.  Don’t forget to account for vacancy loss, leasing costs, property management fees, repairs & maintenance, taxes and insurance, and mortgage costs.

Choose your tenants carefully. Good tenants make the job of property management so much easier. They pay on time and rarely call with unreasonable requests. Even better, some of them will continue to renew their lease, staying for years at a time. This is great because you won’t have to do so much upkeep, as well as marketing the property for new tenants.

Holding real estate for the long term can be a great investment, though it is just like everything else. You have to learn what you are doing so you don’t make so many mistakes. The first thing that you must do is make sure that your credit is good. If it is not, you won’t be able to buy the perfect property.    The second thing is to call a reliable property management company to help you with the rest!   Call the professional property managers at Housing Helpers to get started today!  303-545-6000

Know someone looking for top notch property management company in Boulder?     Refer your friends and clients to Housing Helpers of Colorado and when they sign up for our property management services we’ll send you a $100 gift card to say thanks!

 

 

Arvada Property Management

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Erie Property Management

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5 Signs You Need a New Property Management Strategy

When you invest in a rental property in Colorado, you receive steady passive income as well as enjoy home appreciation. But trying to manage a rental property on your own is often stressful. Sometimes you fix up a property so well that tenants don’t want to leave even when you don’t want to renew a lease. By hiring a good property management company, you minimize property damage, stress and boost profits and tax benefits. According to a piece by thebalance.com, there are several signs that indicate the need for a new property management strategy, especially for DIY landlords ill-equipped to handle rough tenants.

You like to travel or live out of the area

If you don’t live close to your Colorado rental property or travel extensively for work, it’s a sign indicating you need a good property manager to oversee the maintenance and upkeep. Hiring a property manager frees up your time. Some people think they can manage a rental home until an unexpected family illness or accident takes up their attention and time.

You want to increase your portfolio

If you want to buy another rental home or condo, it’s another sign that you need a property manager. Most people can’t juggle numerous tenants. A property manager shows your rental home to potential tenants, screens people, collects rent and enforces the lease. Real estate experts point out that it’s still a good time to own rental properties in popular areas such as Colorado.

You know your strengths and weaknesses

If you know your personal strong and weak points, recognize that not everyone is good at playing the “tough guy.” Some people like to please others, which is fine. But when it comes to owning a rental property, it’s best to stay organized and enforce the lease. Even if you are handy, a full-property management company saves you time.

You don’t have the time

When it comes to the rental property business, it’s a full-time job. If you feel overwhelmed with your business or career, consider whether a property manager is the best fit for your work situation. You still receive tax benefits as long as you actively participate by hiring a property manager.

You don’t have the right personality

Some people feel stressed when people damage their property or start arguments. A property manager handles disputes for you. If a tenant has a problem with a neighbor or wants something fixed, it’s quickly resolved in a professional manner. If you don’t like interacting with people, can’t handle conflicts well or feel a lot of stress, lean on a property management company.

Many rental property owners in Colorado enjoy passive without massive headaches. At Housing Helpers of Colorado, we connect people looking for rental homes or condos to available properties. Talk to us about managing your rental home. For more information about what a property manager can do for you, please contact us at 303-545-6000  

Boulder Property Management      Louisville CO Property Management

Arvada Property Management       Longmont Property Management

 

Property Management Boulder Colorado

Discover How To Become A Great Landlord

Property management and being a landlord is tough, to put things mildly. One must contend with constantly complaining tenants, those who do not pay their rent, and seemingly endless repairs and maintenance issues. Rental real estate and being a landlord comes with a lot of responsibility and stress. When everything is said and done, it can all turn a good-natured person into a jaded landlord.

Nonetheless, being a good landlord is essential if you want good tenants. It is easier to just look at renters as merely revenue, rather than people and building good tenant/landlord relationships. There are numerous benefits to creating a strong connection with your tenants. It is important to attract and retain good tenants, and it becomes very costly when a property becomes vacant. Happy tenants are just good business. Don’t you agree?

Above and beyond the lost rent, it can take a landlord 40 hours or more to replace a tenant. That is time spent advertising the property, screening prospects, showing the rental, reviewing applications and everything else required. Working to keep good tenants makes a whole lot more sense. So, with that in mind, here are some tips to get started.

Becoming a Great Landlord

1. Customize Your Lease – Those fill-in-the-black forms you find online and in office supply stores are one-size-fits-most, even when they are state specific. Create a straightforward lease with clear expectations and rules, including late payment fees.

2. Educate Your Tenants – Set expectations early. Don’t assume they will actually read the lease or your rental guidelines. Take the time to explain all your rules and policies. A little time up front will help you avoid headaches later.

3. Set Up Regular Property Inspections – This will give you the opportunity to make sure that the property is in good condition and stay on top of maintenance. However, it also gives you the opportunity to see how tenants are treating your property.

4. Make Timely Repairs – As the landlord, you are responsible for the repair and upkeep of the rental property. Don’t wait until something becomes an emergency. The faster you handle repairs, the happier your tenant.

5. Always Use Precise Language – If a tenant violates the rules of the lease, it is important to use precise language. If you are not clear, you may lose the ability to enforce that clause of the agreement.

6. Respect Privacy – Your tenants have a right to their privacy. You need to provide proper notice if you plan a visit. Moreover, it is a good idea to limit visits to regular business hours or the very early evening.

7. Show Compassion – Some will disagree, but if you show a tenant some compassion when they have an issue (within reason), they will remember the kindness. This can create a lot of goodwill and loyalty. Just don’t let yourself be taken advantage of.

For more property management tips contact Housing Helpers professional property managers at 303-545-6000.

Property Management Tips : Tapping Into the Millennial Generation for Rentals

Property management involves several tasks. Among the most basic tasks is the job of securing renters for the properties. Understanding the rental market is one way for property managers to boost business.

According to recent statistics from the National Multifamily Housing Council, 51 percent of the rental market consists of millennials, and the percentage will likely increase. Millennials are less inclined to purchase a home than previous generations. Since this is a key demographic for rentals, it makes sense for property managers to gain an understanding of those to whom they will likely be renting. Here are 3 characteristics of millennials.

 

Technology Savvy 

Millennials have been raised connected to the internet. They use their smart phones for about everything including texting, shopping, research, and self-care. Many millennials connect to the internet to fill out applications and make many of their regular purchases. So, in order to attract this group of people, property managers need to make rentals accessible online as well as offering a platform for filling out the application.

Once millennials become tenants, make maintenance requests simple with an interactive platform. The convenience will go a long way in keeping them locked in.

Socially Responsible

Research indicates that millennials are concerned about social responsibility. Highlighting any “green” features of the rental will go a long way with this group. Also, if there are any social causes that the property managers or owners are involved in, it can create a connection with millennials.

Social

Millennials love company and friends. Whether they are getting together for a cookout or checking out a new museum, they enjoy social activities. When selling your property to millennials, it is advantageous to mention or list all of the social spots around town.

 Understanding the millennial preferences aids property managers in renting to this group. Connect with us for more information about property management.

Boulder Property Management          Longmont Property Management

Louisville Property Management       Superior Property Management

Arvada Property Management

Top Reasons to Rely on Property Management Company for Your Rentals

Although you could manage a rental property, many real estate investors rely on an experienced property management company to handle the details of their rentals. A property manager takes an active interest in protecting your rental property as well as satisfying the reasonable demands of tenants.

New rental property owners sometimes take on the monumental task of managing their own property only to deal with emotional and financial drains as well as unexpected headaches. To figure out if hiring a property management company would serve as a solution for your particular situation, consider the main reasons most investors rely on professional landlords.

Saving time

The old saying that “time is money” is literally true!   If you have a full-time job, family or career that requires you to travel, taking care of your own rental property often requires too much attention. Most people are too busy to deal with the everyday problems associated with tenants such as collecting rent, calling repair professionals and enforcing the lease.  A property management company will sabe you time.  

Screening tenants

Most people aren’t familiar with the tenant and landlord laws. A property management company finds qualified tenants that are the best match for your rental home. By running a background check and reviewing a tenant’s rental history, it’s possible to minimize risks.   

Serving as an intermediary

When you own a rental property, you don’t necessarily want tenants calling your or violating your privacy. With a property management company, you don’t end up having tenants showing up on your front door step with the check or calling with complaints. A property manager is the point of contact for the tenants when they want emergency repairs or need to air concerns or ask questions.

Other important reasons people hire a property management company include legal considerations such as evicting tenants the property way. Also, property managers know the best vendors and contractors for necessary repairs.  

Whether you need help renting your property or managing your property contact Housing Helpers for the most professional landlords in Colorado.  303-545-6000.

Boulder Property Management      Longmont Property Management

Arvada Property Management        Broomfield Property Management

Louisville Property Management     Superior Property Management

 

Tenant Screening

8 Property Management Tips For Landlords

In the property management world most tenants of rental properties are great. However, experienced landlords know the 80-20 rule which states, 80 percent of all renter issues are from 20 percent of tenants.

Being a good landlord requires plenty of learning to avoid creating even greater issues. Moreover, many landlords become burned-out dealing with the headaches of property management including high-demand, slow-pay renters. Therefore, we are sharing our top 8 property management tips for landlords and rental properties.

1. Complete Screening – Thoroughly vet prospective tenants. Scrutinize their credit history, call their references, and verify their work history. If you do not perform a thorough background check, you are only asking for trouble. Therefore, always use a written rental application and complete a screening. 

2. Don’t Discriminate – The Federal Fair Housing Act prohibits the discrimination of certain protected classes: race, color, national origin, familial status, disability, or sex. Moreover, many localities have their own laws, sometimes adding protection for sexual orientation or gender identity. If you are rejecting an application, ensure you have documentation to prove the issue was credit, employment history, inadequate income, or other legal reason.

3. Use a Solid Lease Agreement – It does no matter if the agreement is a month-to-month or long-term, always use a written contract which identifies the rights and responsibilities of each party. Provide clear details about late payments, repair issues, and your complaint policy. This is important if you need to remove a tenant for not living up to their end of the deal.

4. Properly Handle Security Deposits – Use a fair method for handling security deposits. Document the property condition before a tenant moves into the property and when they leave, and properly document repairs to avoid disputes. Moreover, Colorado limits the time a landlord has to return a security deposit between 1 month to (with written agreement) 60 days.

5. Regularly Inspect Property – The fact is, as the owner of the property, you are likely responsible if an injury occurs because of property issue. Use a monthly smoke detector check as a reason to perform regular “health & safety inspections”. This allows you both to stay on top of needed property repairs and stay in tune with potential tenant behavior issues.

6. Handle Repairs Efficiently– Don’t create ill-will or give tenants a reason to withhold rent by ignoring repairs. You have a legal and moral obligation to maintain and repair your properties. Failing to do so can create hazards and/or legal liabilities.

7. Create Clear Policies – In addition to a well-written rental or lease agreement, have clear policies and provide a copy to your tenants. This will explain how you handle complaints and disputes. Additionally, tenants will understand their responsibilities, like not becoming an annoyance to neighbors.

8. Always Be Professional – Always maintain a professional attitude and demeanor. Never allow problems to get the better of you. If a tenant becomes an issue, have a system in place to deal with it and handle the problem quickly.

What haven’t we covered yet that is important to you? If you would like more property management tips for being a better Landlord and managing your rental properties, or need additional information, please contact us.

Property Management Services        Boulder Property Management  

 

Boulder Property Management Company or Property Owner

When it comes to Boulder rentals, you will often end up dealing with one of two types of landlords – a Boulder property management company that handles everything for the property owner, or the property owner himself or herself.

As a renter, it might seem as if you would be better off dealing directly with the property owner, but this often is not the case at all. These are a few reasons why you might find it better to choose a rental that is managed by a Boulder property management  company instead.

Choose from Multiple Rentals

If you search for a rental through a property management company, there is a chance that the firm will have multiple openings, possibly in different neighborhoods or apartment complexes. This can make it easier for you to find the rental that is right for you.

Work with a Knowledgeable Person

Just because someone owns a rental property does not mean that he or she knows very much about renting properties out to tenants. Some homeowners aren’t really knowledgeable about the landlord and tenant laws, for example, and might violate  them without even meaning to. If you work with a property management firm, however, you will be more likely to work with individuals who know about the rental process.

Take Out the Emotion

In some cases, property owners can be attached to their properties and can be a bit more emotional about the rental process. A property manager, however, will see things more from the business side of things. This can make for a more professional rental experience.

As you can see, it is sometimes better for renters to work with a Boulder property management company when looking for a home or apartment to rent. Luckily, Housing Helpers can assist you if you are currently looking for a rental.  

Give our Housing Helpers Boulder office a call at 303-545-6000 and we can help you find the ideal apartment, condo, or house to rent.  

Property Management          Rent Your Property 

Boulder Apartments        Boulder Property Management

 

Property Management Company

Hire a Trustworthy Property Management Company and Relax

As an investor you want a worry free return of investment on your money.  Today, rates are making this nearly impossible through the banking system. However, investing in rental property has many advantages in this new economy, but the burden of personally managing your property assets is not one of them.

A most significant aspect of property management and return on investments is the filling of vacancies. If this is not handled correctly, efficiently and wisely it will cost the owner on revenue, time, and expenses. The property management of filling vacancies involves many steps that are best handled by an experienced team. Below are some of these steps:

  • Deciding on the rent amount. This must match or reflect the existing offers in the neighborhood.
  • Advertising the property for rent in all forms of media: social, exclusive rental websites, print, referral networks and the use of highly trained leasing professionals. 
  • Showing the unit. This takes time and coordination.  It is best to have a mechanism which eliminates the obviously unqualified potential tenant.  A good property management team will do this. 
  • Screening the potential tenant prudently.  This is to demonstrate that a potential tenant is financially stable and able to afford your rent. 
  • Coordination of the lease signing and all agreements. The documented lease is the protection device for both the owner and the tenant.  As such it is a very important document.

Finally the most important topic Hire a Trustworthy Property Management Company and Relax. That is where Housing Helpers come in.  We help you with property management whether you live nearby or are an out-of-state property owner, we know your needs and have a proven track-record.  We are willing to work for your trust by delivering outstanding service.  And remember there are NO up-front cost. You only pay for results.

Contact us today and RELAX!

Arvada Property Management       Boulder Property Management

Broomfield Property Management      Erie Property Management

Longmont Property Management        Louisville Property Management

Lafayette Property Management         Superior Property Management

 

 

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HOUSING HELPERS is a full service real estate company, apartment locator, corporate housing provider, and relocation company offering a diverse selection of properties for sale and for rent in Colorado and Nevada. We can also serve your relocation needs throughout the country with our network of affiliates. We’re much more than an online database, we’re relocation professionals that will work hard to find your dream home. Since 1987, Housing Helpers has made home finding fast and easy for clients across Colorado including Boulder, Longmont, Louisville CO, Broomfield, Denver, Golden, Fort Collins, Colorado Springs and all of the suburbs in between. We're also experts in Las Vegas, Nevada.

CONTACT US - Browse properties on our website, call (303)545-6000 or stop by one of our office locations in Boulder Colorado, Denver CO, and Las Vegas Nevada.

WHAT TYPES OF PROPERTIES WE CAN HELP YOU FIND - Our free rental locator can help you locate rentals, apartments for rent, condos, lofts, town houses, and homes for rent. Our corporate housing team can help with temporary housing including furnished apartments, executive homes, short term rentals, vacation rentals, extended stays, and corporate apartments. Our real estate agents can help you buy or sell a home, search real estate listings, condos, land, investment properties, and homes for sale.

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