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

Three Reasons to Rent Your Home Instead of Sell It

When it comes time to move, there are many options. You can sell your home with the help of a Realtor.  You can try to sell your home by yourself.  Or join the many people that have decided to rent their homes instead of selling it outright.

Here are three reasons that you may want to rent out your home instead of sell it.

  • You owe more on your home than it is worth.  Many people bought their house when the real estate market was high and they are going to lose a lot of money if they decide to sell now. It makes sense for them to try to rent it out for a few years to try to wait out the market and see if they will be able to make a profit on their home.

 

  • You are being relocated but are hoping to return. Many people hate to leave their dream homes when they are being relocated for job.  Instead of selling, they choose to rent their home,  holding on to their home in hopes that eventually they will be able to come back home.

 

  • Some people like to rent out their home so that they can still use it as a vacation home. This works well if you live in a college neighborhood where your home will only need to be used for part of the year. It may also work in tourist areas if you don’t mind vacationing in the off season.

There are just some of the many benefits to renting your home out. You may owe more than it is worth and you don’t want to lose money. Maybe you are relocating and hope to come back to your dream home someday. Maybe you just want to keep it as a vacation home!

 

If you are interested in learning more about renting your home, curious as to what your home might rent for, please give Housing Helpers a call at 303-545-6000 we are here to help you!

 

Property Management Services

Property Management Housing Helpers Boulder Colorado

5 Ways Property Management Gets You More Bang for Your Buck

The decision to hire a property management company is not one that many home owners take lightly. After all, putting someone else in the middle means that you get a smaller slice of the pie.

Or does it it?

Let’s look at some ways in which using a property management company actually helps get as much money into your pocket as possible – which, let’s face it, is exactly where it belongs.

Time is Money – Especially Your Time

When you sit down to think about what managing a property entails, lay out a salary for yourself. Think about what you’ll be doing, and what your renters will be expecting of you. If you were ever a renter, try and go back to that time – what did you expect of your landlords? Match those expectations to yourself, and try to put a dollar number to it. Do you have the hours every month, or week, to match that salary? Do you have the ability to afford paying yourself that, while still breaking even on this?

With a property management company working for you, there’s no math to figure in trying to decide if your time is going to be made worth while… because you’ve already made the decision that your time is more valuable than anything else.

DIY Can be Costlier Than You Think

Even assuming that you’re a tried-and-true handyman who owns all your own tools and knows their way around a circular saw, doing your own repairs gets expensive… fast. Even something as simple as a leaky faucet can potentially lead to any number of great home renovation problems. Not to mention to the repairs that are fairly cut and dry – there’s still all the components of evaluating the problem, driving to the hardware store, purchasing the parts, returning to the property (all within a time frame that works for both you and your tenant), hopefully fixing the problem on the first go, and leaving all without having any second problems arise, or hearing, “Well while you’re hear…” from your renter.

A Property Manager Won’t Get Sick of the Business

People become landlords for a variety of reasons. They buy a second home, but have trouble selling the first and so it becomes a rental. Or perhaps they get curious about what a second income might look like, so they buy another home and rent it out. How long do you think it will be before you’re throwing your hands up and screaming, running stark mad into the woods? Managing properties is not for everyone – but you can be guaranteed that a Property Management company is vested in having this be something they will work hard at every day.

While you may wake up one morning and not want to deal with your tenants, that will never happen with a Property Manager. You may start eyeballing your renter’s agreements, scheming ways that you could evict them early because you want out – again, not something a property management company would ever do. The honeymoon may eventually end for you – but for a property manager, this relationship is about the long haul.

The Math (Likely) Doesn’t Add Up

Let’s look at some easy numbers. Consider the idea that by managing your own property, you save an estimated $200 a month. Let’s further assume that you spend around 10 hours every month (or two per week) handling those properties – everything from running around town to check on houses, calling up handymen (or doing it yourself), stops by the bank or notary. Every bit of the business. What you’ve found yourself with is a job that pays you $20 an hour.

Instead, you could pass on that “saved” $200 a month, and focus instead on the part of property management that actually makes money – acquiring more properties, planning renovations to boost the rent, devising income plans. In the long run, letting a Property Manager do the “busy work” for you means that you get to do all the fun stuff yourself.

One Legal Bout Can Ruin All Your Fun

It’s easy to have an, “Oh, but it’ll probably never happen to me,” opinion about having to drag a tenant to court. You can just cross your fingers and hope that you only ever have great renters, or that even if you do have a few “difficult” ones, they’re never bad enough to need the court involved. The truth is, even within the world of small claims court, fees rack up to staggering heights. The most well-researched landlord is likely not as knowledgeable about tenant rights and property law as someone who works in the field, meaning you can trust yourself to be in the hands of someone who is working to keep you – and your renters – out of court.

If you own rental property in Colorado and would like to discuss options for property management and tenant placement services please give Housing Helpers a call at 303.545.6000.

Boulder Property Management

Colorado Property Management Fall Maintenance Tips

Fall Tips From a Colorado Property Manager

Fall in Colorado is beautiful, sunny clear days and cool nights.  But Colorado weather can sneak up on us.  As the saying goes “if you don’t like the weather in Colorado just wait five minutes!”  Over the years as a property manager I’ve developed a routine for maintaining my properties.  Here are a few tips to share from my October schedule of Colorado property management maintenance.

Service HVAC units

With winter fast approaching, fall is a great time to have a professional HVAC service done on your heating systems.   Service should include at minimum: changing the furnace filters, cleaning and testing the furnace, changing out humidifier pads ( in a central humidifier system) and changing the settings from “summer” to “winter”.   We also like to stock extra air-filter nearby in a utility closet at the property so that filters can be easily changed throughout the winter season.

Winterize The Sprinkler System

It’s still eighty degrees on the thermometer and the sun is shining bright but don’t let that fool you.   Snow will be falling soon and so will the temperatures.    I remember more than a few Halloweens’ where the kiddos were trick-or-treating in the snow and freezing temps.  Now is a good time to have your irrigation system winterized including: blowing out the lines with an air compressor, draining the back-flow device, shutting off the main water line to the sprinkler system- draining any excess water from  the line, and I like to cover the back flow device outside. You can do this with a couple of hefty garbage bags and some duct tape or purchase a cover at Home Depot.

Aerate and Fertilize The Lawn

Yep. Often overlooked, fall fertilizer and aeration service can make the difference in having a lush green lawn come spring time.   Lawns go dormant in Colorado in the winter time.  However they aren’t dead!  They still need nutrients to survive the long harsh winter weather.  Aerating gives the fertilizer a path down to the deep roots- the part of the turf that will feed the lawn nutrients all winter long as the surface stays dormant.

Schedule Snow Removal Service

If you have a property in Colorado chances are you will have to deal with snow removal.  Be aware of your local City ordinances for snow removal and know the rules.  For example in Boulder Colorado where we are located, the City requires that you remove snow and ice from public walkways in front of your property within 24 hours of the snow fall.   If you have a snow removal contractor, now is the time to get that new contract signed and agree upon the terms for service.  Most contractors will initiate service after 2 inches of snowfall and follow up again after subsequent 2 to 4 inches of snowfall.

TIP!  October is the time to stock up on ice melt and snow removal supplies- your local hardware store or Home Depot tend to run out of supplies as folks rush to the store when the first snow fall hits.

Cover Patio Furniture and BBQ Grills

Whether you invest in custom fit covers or use my method (tarps with bungee cords) , covering your outdoor assets will add years to their life.   Keep the snow and ice off and help prevent rusting, fading, and weather damage.   Patio cushions and fabric umbrellas should be stored away in a protected area.  Believe it or not, the Colorado winter sun does more damage to patio furniture than anything else so if you can keep the sun off you will be ahead of the game.

We enjoy Colorado in the fall, it’s my favorite time of year.  But as a property manager I feel a lot better knowing that my properties are ready for winter.   If you need help renting your property please give us a call and we’ll go to work to help make your days worry free.  303-545-6000

 

Property Managers in Boulder Colorado 

 

 

Boulder Rental property owners invited to public forum

Boulder area rental property owners, property managers, and management companies are invited to discuss how best to achieve “Design Excellence” in Boulder

Boulder community members are invited to attend a “Design Excellence” public forum from 6 to 8 p.m. on Wednesday, Dec. 10, in the Boulder Museum of Contemporary Art (BMoCA) at 1750 13th St. The City of Boulder’s Design Excellence Initiative is intended to support a broad community discussion about what is and is not working with current design policies for buildings and the public realm, as well as evaluate built projects to determine whether desired outcomes are being achieved.

Urban planner Victor Dover, cofounder of Dover, Kohl & Partners and coauthor of Street Design: The Secret of Great Cities and Towns, will lead the discussion and present relevant best practices for design and development strategies that help connect neighborhoods, strengthen commercial districts, expand travel options, enhance community character, and improve quality of life.

The discussion and presentation will be framed by observations of recent developments in Boulder, some recently completed and some still under construction, which resulted from key planning policy decisions made by the city during the last 10 to 15 years. The focus of the conversation will be on design-related issues and best practices from other communities that are relevant to the Boulder context.

The Boulder Design Advisory Board and the Planning Board are scheduled to have a joint session with Victor Dover from 5 to 8 p.m. on Monday, Dec. 8, in the Twenty Ninth Street Community Room at 1750 29th St., Suite 1062. Mr. Dover will also host a similar discussion at the City Council study session on Tuesday, Dec. 9, at 6 p.m. in Council Chambers at the Municipal Building, 1777 Broadway.

During the next several months, the Design Excellence Initiative will continue the community discussion about design and development issues. The ultimate goal of the initiative is to develop recommended strategies to address community concerns related to development outcomes, including (but not limited to) potential changes to codes, incentives, development review processes, design guidelines, and/or review criteria.

The recommendations of the Design Excellence Initiative will help inform the city’s coordinated planning efforts, including the Boulder Valley Comprehensive Plan 2015 Update, Civic Area Implementation, Access Management and Parking Strategy, Envision East Arapahoe, North Boulder Subcommunity Plan Update, and Transportation Master Plan Implementation.

Visit www.BoulderDesignExcellence.com for more information and to sign up for email updates.  The opinions of Boulder rental property owners and Boulder property management companies is valuable insight that we hope is included in the discussion, please attend if you can.

Property Management Services      Boulder Property Management Companies

Property management

6 Emerging Trends in Property Management

It’s no secret that technology has changed the property management industry for renters and Landlords alike.   But which trends are shaping the future of property management right now?

Mobile Leasing Tools

According to an article in Apartment Management Magazine, “ 87% of electronic device sales will be tablets and smartphones” ….which means property managers will need to accommodate mobile prospects and applicants with mobile online leasing tools.  If you’re not targeting mobile users you’re missing out on a huge segment of the renter demographic.

Social Media

One of the latest and most effective tools for potential tenants and property managers to meet is on social media outlets. This has become one of the most effective ways for each of them to learn what type of living rental space is offered and what’s needed. The apartment marketing industry is now utilizing social media more than ever before to connect with prospective renters.

Ratings and Reviews

An online rating can carry a lot of weight with a many potential tenants. Bad reviews tend to get too much attention.  Property management companies need to develop a program to get satisfied renters to post positive reviews and give good ratings. These types of programs are a worthy investment that can provide a good return.

Aesthetics

Renters are increasingly looking for living spaces that are visually appealing.  Gone are the days of cookie cutter apartments with beige carpet and white walls.  Renters prefer properties with unique interior design elements like accent walls, plank flooring, and wine racks as well as exterior elements like attractive curb appeal.

Green Living & Energy Efficiency

Todays renters want to see low-energy appliances and better thermal performance from their apartments. Green ratings are becoming more popular with on line listing services so renters can search for and easily identify efficient apartments.  There is also an increased demand for green space. Some property managers are providing community gardens and food share programs for their green conscious clientele.

Increase in Renters

The current economic climate has created an environment where fewer individuals are purchasing homes and more are renting. This is especially true with young adults that view renting as more convenient, more affordable, and more flexible than homeownership. This trend is expected to only increase in the coming years.

If you would like to know more about the trends in property management we can help. Contact us today and learn more.

Lease Only Services versus Property Management

What to Look For in Property Management Contract

Property Manager

Lease Only Services versus Property Management

Rental property owners often ask if they should use a lease only service or a property management company for leasing their rental properties.  Rental properties can be great investments, and like any investment there are different ways of managing them to maximize their potential.  Each has its pros and cons, and each may appeal to a different type of investor.  So this post will explore the basic differences between lease-only services and property management services.

Some rental property owners prefer to take a hands on approach and manage their own properties, instead of hiring a property management company.  One of the benefits of this approach is the investor/owner can save money on property management fees.  But for many rental property owners the most time consuming, most stressful, and most costly part of self managing their properties is locating suitable tenants and avoiding vacancy.  Vacancy loss can destroy the income potential of a rental property if it is not kept in check.  That’s where lease only services come in handy.

For the investor/owner looking to maximize cash flow on their rental properties and minimize vacancy loss the lease only services or leasing only can offer a great solution.   Lease only services are designed to handle the upfront task of obtaining tenants for a rental property.  Lease only services will usually include the following: all advertising and marketing of the rental property, fielding all phone calls from prospective tenants, prequalifying prospective tenants, showing the property, providing feedback to the property owner regarding showings, rental rates, and marketability, and providing tenant screening and lease document resources.   Once the property owner approves of the tenant and the lease is signed, the lease only services are completed.

For the investor that is more “hands-off” and doesn’t mind foregoing some of the cash flow to have a third party acting on their behalf to oversee the operations of the investment, property management may be the way to go.  Property managers can be responsible for rent collection, scheduling repairs and maintenance, property inspections, accounting functions, and more.  Typically they will require a long term contract at least for the term of the lease.   And the property manager will typically act as an agent for the property owner in all matters dealing with the tenant relationship.  Because property management companies will likely require a contract it is important to make to review the contract carefully with your attorney.

There are important cost differences between a lease only service and a property management service.  A typical property management contract charges an ongoing recurring monthly fee to the property owner based on the percentage of monthly rent- such fees can range anywhere from 7% to upwards of 30% of the monthly rent depending on the type of property- the fee is charged for each month of the lease term.  Many times there is also a tenant placement fee and renewal fee in addition to the monthly management fee.  On the other hand, lease only service typically charge a one time fee, sometime based on a percentage of the first month’s rent and sometimes a flat rate fee- and the fee is typically only due when the tenant is secured approved by the property owner.

With a lease only service there is no ongoing recurring fees and typically no renewal fees.   For this reason lease only services can save property owners thousands of dollars in rental income over the course of a lease term.  But only if the property is properly managed by the investor during the ongoing lease term.

A poorly managed property can also end up costing the investor more in the long run.   For rental property owners that want the ability to manage their own properties, are able to handle basic management duties, but not the hassle and expense of securing tenants, lease only services can be a great way to go.

Rental property leasing services are different from property management services in a number of ways, both in the fees involved and the services performed.   This by no means covers every leasing service or property management company that is out there but lets summarize the basic differences.

Compare the services performed:

  • Lease only services: focus is on quickly obtaining suitable tenants to minimize vacancy costs.  Handling the upfront tasks of advertising, showings, and screening tenants.
  • Property management: focus is on the ongoing management activities for the property such as: rent collection, scheduling maintenance and repairs, accounting, and property inspections.

Compare the costs of service:

  • Lease only services:  One-time fee due upon lease execution.  A percentage of first month’s rent or flat fee.  No recurring fees, no renewal fees.
  • Property Management:  Recurring fee due for each month for the term of the lease.  A percentage of each month’s rent for the term of the lease.   Often renewal fees in addition.

As a side note:  Both lease only services and property management fees are typically tax deductible as an expense of operating the rental property- **always consult your tax advisor to determine if this is the case for your property**.

Rental property owners/investors have a multitude of choices when it comes to renting out their properties and protecting their investment.  Regardless of which way you decide to go, hiring a professional to help can make your life easier and the ownership of your investment more enjoyable.

 Property Management Companies

What to look for in a property management contract

So you’ve found a great property manager and now it’s time to move forward with the property management contract. The question then becomes: what should you look for in the property management contract? Even if the manager is reputable, there still may be some points in the contract that do not suit your current needs.  Don’t be afraid to scrutinize the contract and ask for changes that you feel are important.

Full disclosure: I am not a lawyer and this blog post should not be used as legal advice in any way.  A property management contract is a legal document.   Always consult your attorney and/or advisors before signing any legal documents.  

Here are some items that you should look for in a property management contract.

1. What is the duration of the contract? You might not want to be locked into a long-term contract, especially if you’re not familiar with the property manager. In that case, it’s probably best to start with a shorter-term contract. Once the manager has been established for a while, and your confidence has grown, subsequent contracts can be longer term.

2. Be sure that the services and the fees are spelled out clearly. Upon selecting the property manager, you probably received a verbal  quote “10% of the gross rent” or something along those lines. The full contract, however, is much more complicated than that. The contract should spell out exactly what services will be performed by the manager, and at what expense. Some managers may charge for “extra management duties” which were not spelled out in the verbal agreement.

3. Be sure that the agreement specifies Equal Housing Opportunity. You don’t want to run afoul of fair housing laws. Your property manager should be well versed in fair housing laws and operate in accordance with those laws.  If your property manager is acting as your agent then you could potentially be liable for the actions of your property manager.  This should be spelled out in the contract.

4. Check the termination clause. In case either you as the owner or the property manager wants to terminate the relationship early, the terms need to be specified clearly in the contract. In your case, ensure that the contract does not require cause to terminate the agreement, and that it can be terminated without penalty.

Property management companies can be a wonderful resource for real estate investors. Contracts between them and the property owners, however, should be examined with scrutiny to ensure that the interests of both parties are protected fairly.  As with any legal documents it is always a good idea to consult your attorney and or advisor and have them take a look at the contract.

Apartment Finders

What to look for in a rental property listing company

Most rental property owners have a lot tied up in their properties financially, and as a result they have a lot of responsibilities making sure that it is taken care of properly.  One major concern is finding the right renters for that property who will be good tenants.  The world is full of so many different types of people that it can become quite a chore to sift through all of the applicants. Thankfully there is help to handle the daunting task of finding new tenants with the skilled expertise of people who specialize in this job.  

A professional rental property listing company provides a service that is appreciated by both parties involved. Prospective renters receive knowledgeable assistance to help them find just the right place, and the property owners benefit from the talented professionals who can handle the chore of filling vacancies for them. That means that you no longer need to worry about making time available to show the property or waste time waiting for no-shows. The experts are skilled at screening renters to make certain that your potentially new renters are qualified.  You won’t have to be concerned with placing expensive advertisements because these professionals have access to a huge network of exclusive rental websites, referral networks, print and social media that can save you a lot of time and expense.

The right property leasing and marketing professionals are very highly trained to be successful at finding great tenants for your properties, which helps you get the most value for your investment. And, of course you have the final say in approving the qualified renters that are matched with your property, giving you peace of mind.   Look for a professional rental property listing company with a dedicated property listing expert to handle your rental so you have someone who’s sole focus is your rental property – as opposed to selling real estate or providing other unrelated services.    They not only advertise your property, but also can take photos and video, place a professional sign on your property, field all telephone inquiries and pre-screen potential renters.

So not only do you save the time and expense of advertising to search for new tenants, but you also save yourself the trouble and inconvenience of conducting showings or property tours and running background checks as part of the tenant screening.  It is pretty obvious that this is a very smart choice for landlords in need of good tenants.  Find out more information about Housing Helpers rental property listing service and how “we connect people with places” by calling our office at 303.545.6000 or click on Rent My Property

Property Manager

Five benefits of hiring a property manager for real estate investors

People looking to invest in rental properties as a means of diversifying their asset portfolio will usually find themselves asking the following question: should I use a property manager or manage the property myself?

The answer is an unequivocal: it depends. Property managers are known to take between 7% and 20% of the gross rent. This means, simply put, that a property manager is an expense to owning the property, in addition to maintenance, taxes, insurance, and a variety of other expenses associated with real estate investment.

That said, there can be inherent advantages to hiring a good property manager.  Here are a few of them.

1. A good property manager can add value to the property.  This is one often overlooked value of using the services of a property manager. If the owner ever wants to sell the property, one excellent selling point in any advertisement is a line like this: “Property management already in place.” This makes it easy for new (and even existing) real estate investors who are looking to enhance their portfolios with good properties that already have sound management.

2. A good property manager gives the owner more free time. Time is money. If the owner has more free time that is not consumed by answering midnight calls about toilets that won’t flush or examining the property for obvious problems on a periodic basis, then that owner is free to do other things, such as look for other real estate investments.

3. Good property managers can shorten vacancies. A property manager has a full time job that includes, among other things, showing the property. The property owner may not, and probably does not, have the kind of time necessary to devote to showing the property. This means that, not infrequently, accomodations have to be made for scheduling conflicts between the owner and the prospective tenant. This would usually increase the vacancy time for the open unit. Vacancy time, of course, means that the owner is not receiving rent for that unit.

4. Property managers take care of a lot of administrative work. This is not only a time-saver, but is also a nuisance-saver. Property managers will keep track of expenses, will handle receipts, and provide monthly, itemized accounting information to property owners. This saves a lot of hassle when it comes time to file taxes.

5. Good property managers stay up to date on local and federal rental housing laws.  There are federal rental housing laws such as the Fair Housing Act.  And there are state and local laws that vary based on location.   Some cities, like Boulder Colorado, require rental properties to be licensed under City law.  In Boulder rental properties must pass a detailed property inspection and pay an administrative licensing fee.   If a real estate investor is not current on local and federal rental housing laws it could end up costing them a lot more than the cost of rental license fee.

While property managers certainly cost money, the benefit gained from investing in their services is a sound return on investment. Real estate investors who don’t want to have their time monopolized by adminstrative tasks and management hassles would do well to use the services of a good property management company.

Tenant Screening

Tenant Screening, tips for Landlords and Renters navigating the rental screening process

The question of background checks and tenant screening are common inquiries from both owners and potential renters alike. Everyone wants to feel assured that they are making the best possible choice, whether in the form of new tenants or a new rental property. In this post, we will briefly navigate the confusing path that leads from first application to final lease signing, specifically highlighting the tenant screening process. While directed primarily at owners and landlords, the information contained here is an excellent resource for potential renters as well.

First and foremost, there are a variety of options for screening a potential tenant.  Whether it be an online tenant screening website, through your property management company, and good old fashioned checking of references.  The ultimate aim of screening, however, is to determine if the renter will be responsible for the reasonable upkeep property and conduct their lease obligations in a timely and professional manner. This includes, but is not limited to, paying rent on time, keeping the property relatively undamaged, and overall treating the rental property with common sense respect.

The typical screening process generally includes an application, background check, and credit check. And typically there is an application fee required to apply for rental prooperty.  The fee covers the cost for the screening company to pull reports, background checks, conduct reference checks, and adminstrative tasks involved with compiling all of the information for the Landlord.  It is importand for landlords to know what they are getting from the screening company.  For example the term “backgorund screening” or “backgound check” could include a criminal check or it may simply include a credit check and rental history verificatio.  It’s important for landlords to clarify this distinction with your screening company to be sure you understand what reports they will be running for you.  From there, the owner is able to make an informed decision.

There are several components that make up a solid screening process for prospective tenants. These components include, but are not limited to, the following:the basic personal information on all occupants including pets and number of occupants, employment history and current employment information including income, financial information such as pay stubs and bank accounts,  rental history or mortgage payment history, and references from prior Landlords if applicable.

To decide on the right renter, landlords also have a right to conduct a criminal background check and an eviction check- as long as this is made clear on the rental application that the prospective renter signs providing their authorization to do so.  This check will show criminal records, evictions, and assorted public records.  With this information, the owner can better determine the tenant’s suitability for the rental property and evaluate the risks involved.

In each step of the screening process, there may be warning flags and details that should be carefully reviewed by the owner. For example, in the credit history, the owner should take note of any bankruptcies, judgements, history of late payments, and current debt level. It is important to keep in mind, however, that financial issues should be considered on a case-by-case basis and any existence of these items are not necessarily a mark of a bad tenant although checking into it is encouraged.  There may be cases where a prospective renter had run into difficult financial times but is now “back on their feet” so it is important to understand the entire picture.  On a similar thread, contacting the potential tenant’s current employer can help establish the overall financial picture.

Another important issue to consider is a record of rental evictions. While this can and should raise a warning flag, this is another instance where learning the backstory will better inform the ultimate decision. In addition, the owner or tenant should consider calling former landlords of the prospective renters. Beyond learning about their timeliness of payments, this is an opportunity to get to know the tenant’s a bit more- which may also contribute to screening process.

Lastly, and no less importantly, the owner may consider conducting an informal interview or meet-and-greet with the prospective renter. This is best done as the last step if all other elements have been deemed satisfactory. In this conversation, you can get a better feel for the tenant’s potential suitability for your rental property.

Whatever path you decide to pursue for screening potential tenants, Landlords must strictly follow the the Federal Fair Housing Act.  These are clear guidelines for preventing discrimination in housing situations and provide an equal housing opportunity in accordance with fair housing laws.    Talk to your tenant screening provider to learn more about this topic and get the latest information from them each time you have a need for screening the next renter as there may be new laws and guidelines that have taken affect since the last time you went through the process.  Do your homework, trust your instinct, and choose wisely- you’ll be glad you did.

Tenant Screening Services Colorado      Tenant Placement Services Colorado