Tag Archives: Boulder property managers

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

 

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