DenCo Property Management Blog

Thanksgiving Safety Guide for Tenants from Denver Real Estate Experts


November 15, 2017

As a landlord, you want to help your tenants have a safe and happy Thanksgiving. Why? Your investment depends on it. With the holidays just around the corner, now is the time to send the people living in your property key reminders for best practices to avoid issues. Through sending out an email or posting flyers in your Denver real estate common areas, you can inform tenants how to avoid a fire and keep pets safe, as well as a food and cooking guide to avoid mishaps.

Avoiding Fires

Fires are one of the most common mistakes that occur while cooking a Thanksgiving dinner. Those cooking often leave ovens and stove tops empty to handle another task, which in just a matter of seconds, can become a dangerous situation. Also, utensils, towels, or loose clothing may be left too close to a flame, causing it to get bumped into the fire. These incidents can happen within a moment’s notice and those cooking or helping to prepare a Thanksgiving dinner must be aware of their surroundings. For those who prefer deep fried turkey, tenants must remain attentive and avoid this method in areas that can easily catch on fire. To help combat the spread, make sure there are fire extinguishers with instructions in all of your units. 

Pet Safety

Thanksgiving is an important time to pay attention to the pets in a property. With several moving pieces going on during the day, it can be easy to forget about them. Plus, with several guests in a house, pets may interact with pets in a way the tenants never would. When sending out a reminder, you should tell tenants to avoid giving their pets anything that would be on the dinner table. Unless it is food they normally eat, it is best to play it safe. A common scrap from the Thanksgiving day table, bones can get lodged or cause damage to a digestive tract, or can cause a dog or cat to fall ill. Not only will this create a mess that may be difficult to clean, but it can become costly for the pet owner.

Food and Cooking Guide

Cooking food properly is essential to a safe Thanksgiving. Whether a person is cooking the turkey or a side, food must be cooked to temperature. If not, those who consume it may become sick. Remind tenants to cook foods based on specified guidelines. Failure to do so can cause foods to be in the “danger zone,” which is 40 to 140 degrees. Once food falls in this category, it does not kill bacteria. In your reminder to tenants, tell them to keep a thermometer handy to ensure food is cooked to the correct temperature.

During the holidays and many other events throughout the year, you may have to deal with issues or have tough conversations with tenants. DenCO Property Management and Sales excels with working with tenants. This helps ensure the quality of your investment stays intact. Review our three ways to make sure your residential investment is profitable, and contact us at 303-722-9688 to see how we can help you with your property this holiday season.
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Rules to Consider for Tenants in Your Denver Investment Property


As a landlord, you want to make a great experience for your tenant to have a home, all while making sure you are doing what is best for your Denver investment property. Whether you are getting ready to lease out your first property, or you are a seasoned veteran, it is important to know the guidelines for your tenants—and which ones to set. Learn about some of the top considerations to make including how to handle home modifications, go-to tips for pets, and other ideas for the property and payments.

Home Modifications

Ultimately, it is up to you, the property owner, to decide what modifications a tenant can make. You can categorize them by changes the tenant can make on their own, changes they can make upon approval, and changes they are not able to make under any circumstances. When making considerations, normally hanging items, such as art, pictures, or mirrors, on the walls is typically something that is relatively low when it comes to damage. You can make it clear in the lease what type of damage may result in part of the security deposit being retained, but they can take that risk on their own. Making larger modifications such as painting or other renovations or fixes must be discussed with you. Lay a list of examples out to them when signing the lease. Then, you also need to make a list noted in the lease on what they cannot do with the property.

Pets

As a property owner, it is your choice if your property can be rented by pet owners. If you are looking to expand your availability, this is a good option to have available. Regardless, you must discuss in your lease. You can set guidelines on the type of animal, such as dog, cat or both, as well as size. For instance, you may want to set rules on the size of dogs if you are renting out a small unit. Next, if allowing pets, it is best to have the tenants pay a pet deposit in the event of damage caused by a pet. It is up to you whether you would like that to be refundable. Learn more about the four steps for a great rental pet policy from The Balance for a more in-depth list.

Others in the Property and Payments

While finalizing your lease for new tenants, it is important to make stipulations on others in the home. This can include how many can be living in the home at one time, who is responsible for the property, and more. Next, paying is important to review for tenants. In addition to setting a deadline for rent, make sure to lay out the options for pay. Keep in mind that many can be relied on to make payments when online and re-occurring options are available

To assist you with any step of being a property owner, DenCO Property Management and Sales has a variety of services. As your premier local property management company, we help you by providing our expertise in all areas of property management. From helping with a few small things, to completely managing a property, we are here to provide quality property management service to you. Be sure to know what to know before buying your first Denver residential rental property and call us today at 303-722-9688 to see how we can help.
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Small Business Excellence in Denver


October 25, 2017

Press Release: Denver Small Business Excellence selection group has chosen DenCO Property Management and Sales for the 2017 Denver Small Business Excellence Award in the Denver Colorado Property Management category. DenCO has been praised for our contributions to help make Denver a vibrant and vital place to live. This recognition is a result of our dedication and efforts and the praise of our clients. Don't hire just any property manager to take care of your Denver residential rental property, consider only an established, quality real estate company such as DenCO.
 

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Searching for Tenants for Your Denver Residential Property


October 18, 2017

When you are looking for a person to rent one of your properties, choosing a premier tenant is important to your investment. By choosing a reliable person with a good financial background, you can trust that you are providing your property to someone responsible. As you work through this important process to find the right tenant for your Denver residential property, there are a few things to consider. From the importance of reviewing tenants and top tenant attributes in a search, to go-to ways to market your property, there is much you can do to find the right person or people.

Importance of Reviewing Tenants

It is crucial to have an in-depth search of your prospective tenants to make sure they will help you have a return on your investment. When you take a search for a tenant lightly, you could end up having a person in your property that takes poor care, does not pay on time, and much more. When conducting your search, once getting serious with a person or group moving into the home, meeting face-to-face is important. This allows you to get to know who they are and their reaction to some of your important questions. From here, you can take time to go through the lease with them to ensure they understand all of the details.

Positive Attributes in a Search

There are many different positive attributes that will make for a good renter. When searching, you will want to find a person that has a steady and reliable income. This will help ensure they will not be late on their payment, which can hurt you as a property owner. You will also want to review to see if the person is reliable in terms of their work and living history. Usually a good baseline that many use is two years. If a person has lived in a place and has held their job for two or more years, it is a sign they can stay in a place long term. When you do not have to worry about a tenant breaking their lease, and caring for the property, you can ensure their reliability. You also want to find someone that does not have a criminal history. For a full list, including warning rides, look at Rentulations’ how to choose the right tenants for your rental property.

Marketing Your Property

One of the best ways you can market your rental property is through hiring a quality property manager. There are many ins and outs that you may not be aware of. With a property manager, they will be responsible for all of the heavy lifting. This will help you to be profitable, and dedicate your time to areas that matter, while a property manager handles the day to day, from signing new tenants to maintenance requests.

Learn more about the five ways Colorado property management will help your investment real estate. For help finding tenants for your rental property, DenCO Property Management and Sales will help. Our local team will help you be profitable and help you manage all areas of your rental. Call us today at 303-722-9688 to get started.
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5 Things to Consider When Looking for a Denver Investment Property


October 4, 2017

For those interested in rental properties, a Denver investment property can be a very rewarding experience. With the large amount of people choosing Denver to be their home, demand for renting a home or apartment is high. As a potential property owner, it is a great time to invest in a property if you have the time and resources. From financial tips, property taxes and types of properties, to location tips and using a property manager, learn some of the top things to consider when deciding on an investment property.

1. Financial Tips

One of the first things you will need to do as you begin the process to invest in real estate is to get your finances in order. Pay down or pay off debts to reduce your debt-to-income ratio. Then once your debts are in a good place, get your down payment together. This is something you can discuss with a lender to see what you can afford and what you will need. Itching to buy investment property? Follow these five tips to get financing from Bankrate as you consider your investment property.

2. Property Taxes

In addition to the financial needs your lender tells you that you will need, have savings in place for property taxes. Over time, you may notice an increase in property taxes with your new property. The best thing you can do is to be prepared and work an amount in your budget. Even if your bill does not go up right away, you can put money in savings to be prepared. This is also important as you will need to save for repairs, needs, etc.

3. Types of Property

When searching for an investment property, avoid properties that will be a large amount of work. While a fixer-upper may be great for a home purchase, for a rental property, it is something you may want to avoid to invest in. When it comes to your rental, time is money. The time and costs that it will take to make the changes needed for the home may not be worth it . To help you get the most out of your investment, consider a turn-key property.

4. Location

As you look for a rental, location is key. Make sure you work to find a location that is in high demand. You will also want to do competitive research to see what other rentals are going for in the area and how your pricing will factor in.

5. Property Manager

When purchasing an investment property, utilizing the help of a property manager can help you get the most of your investment. With the knowledge and expertise, they can assist with anything or everything during the process. This can include determining pricing, assistance working with renters, handling maintenance requests, and more. By taking advantage of a property manager’s skills, you can make the most of your investment.

For a property manager that will help you with your first investment process, DenCO has you covered. Learn the top five ways Colorado property management will help your investment real estate. To get started to see how we can help you, call us at 303-722-9688.
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