Tag Archives: property owners

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.

Apartment Finders Housing Helpers Boulder Colorado

Boulder Rental Property Owner checklist : House, Inspection, License?

If you have recently taken advantage of the lower interest rates and increased property value in the current housing market and purchased a home, then keep reading. If you are now planning to stick a “FOR RENT” sign in the fertile rental land of Boulder, then the information presented in this post is all the more indispensable for you.

You must be a clever chap or lady to foresee the high-renter concentration in the Boulder area, especially in the hotspot areas surrounding CU. What many new owners in this position do not know, however, is the importance of the license.

And no, we don’t mean the driver’s license.

In the City of Boulder, property owners are required to hold a “Housing Rental License” in order to have the legal permission to rent out a property. This “Housing Rental License,” or “Housing Inspection License” as it is known by some, is required by the city’s Property Maintenance Code in order to uphold the safety and health standards for Boulder’s rental properties. This license must be current at the time of renting the property; otherwise you are subject to the same legal actions as those who attempt to rent an unlicensed property. Some exceptions to the rental license requirement can occur; a thorough explanation of these can be found on the City of Boulder website

In addition, an owner that lives in Boulder County is not required to have a property agent. It is only outside of the county that a property agent must serve as property’s contact person.

The Rental Licensing office is located in the Planning and Development Services Center in Boulder and has sporadic hours, so be sure to double check on their FAQ page before heading over.

The license fee is a flat $70 regardless of the number of units within the rental property. The license requires that a Baseline Inspection is completed in order to ensure the property is safe for tenants. This inspection, done by private inspection companies, covers four major areas: general life safety, plumbing and fixtures, mechanical and electrical, and finally, fire safety. If items need to be repaired, a re-inspection will be necessary before you can pass the Baseline Inspection. Upon its successful completion, the owner is presented with the signed inspection compliance verification form, which is an integral component of the rental license application.

Generally, this license must be renewed every four years with a renewal application, renewal inspection compliance verification form, a legal residency affidavit, and fee. However, if a new owner takes over the property at any point, the old license is considered null and void and a new inspection and license must be obtained.

While learning about this topic may not be on the top of everyone New Year’s resolution list, it certainly is an important one. If you are an owner of a property in Boulder and want to rent it out, then consider this post and this Rental License handbook as a letter with your name of it.

After you’re licensed, be sure to give us a call here at Housing Helpers so we can find the right tenants to appreciate your wonderful rental property! And remember, unless one of our rental specialists connects you with your future tenant, our listing service comes at no cost to you. We are confident we can find tenants who will adore your new property as much as you do.

Housing Helpers is Colorado’s most popular rental listing service. We provide Colorado Rental Property Leasing Services in Colorado for rental property owners, property managers, and property management companies in Boulder, Denver, throughout Colorado and Nevada.   Each City and town in Boulder County and throughout Colorado has different rules and regulations for rental property.  If you are considering renting your home or condo in Colorado start here to explore the rental property leasing services and property management services in your area.

 

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