DenCo Property Management Blog

Managing a Duplex Using Colorado Property Management

March 7, 2018

Are you looking to explore the investment property profession? It is a great way to earn additional income. One of the ways to dip into the market is to rent out a duplex. As you weigh the pros and cons, learn why you should invest in a duplex, loan tips, and getting assistance from Colorado property management.

Why You Should Invest in a Duplex

Duplexes are often also known as “doubles,” homes that are split off into two separate living spaces, allowing two groups on tenants in one space. There is a shared wall in-between their space. The great benefit of having a duplex as a rental property as opposed to a single-family home is the income perspective. Today, homes in Denver rent out anywhere from $1,200 to $4,000 per month, depending on size, area, etc. When renting out a duplex, you could have each side at a higher price, allowing you to earn even more on a monthly basis. To dip your toe into the market if you are lower on funds, you can consider living in one side and renting out the other, which will cover some or all of your mortgage. Once you build up your savings, you can move out and rent the other side.

Getting a Loan

As you decide how you want to approach your duplex rental investment, there are two things to consider.
  • Do you want to live in one of the sides?
  • Do you want to rent out both?
If you would like to immediately rent out both sides, you will have to put a higher percentage down as it is strictly and investment property. This can run anywhere up to 20% of the home’s overall price. If that isn’t a solution that works for you, you can talk to a lender about living in one side. Often times, this will get you in at the standard percent down for the loan you are pre-qualified for. It is good to do your research as you are wondering how to get an investment property loan.

Using a Property Manager

If you will be new to the investment property world, there is much you don’t know. From finding tenants and putting together the proper paperwork, to maintenance needs and tenant interactions, it takes a skill. Whether you need help with everything in the process, or just a few areas, you can use a local property manager to help you be successful. They are experienced with the ins and outs of the industry allowing your tenants to have a great experience—giving you peace of mind that your investment is fully functioning. As you consider this option, learn the three ways to make sure your residential investment property is profitable.

For all of your property management needs, DenCo Property Management and Sales has you covered. We have experience in every aspect of the industry to help you with the areas you do not have expertise in. Or, if there is an area you prefer not to do, we’ll cover that too! Let us do the heavy lifting to ensure the success of your rental. Call us today at 303-722-9677 to get started.

Top Maintenance Issues Your Denver Residential Property May Have

February 21, 2018

When managing your Denver residential property, maintenance issues may arise. It is crucial to be prepared for problems and take proper precautions to have them fixed quickly and efficiently. Whether you are able to handle these issues on your own, or need to utilize a property management service, here are some of the top issues you may have with your unit.


Heating and cooling is a common issue in any property. On average, a normal HVAC system can last anywhere from 15 to 25 years. It will last longer when its filter is changed regularly (at least every couple months), ducts cleaned and has tune-ups on an annual basis. One of the tell-tale signs something is wrong with an HVAC system is the thermostat. The tenant may set it at a specific temperature, and the system is constantly trying to catch up. It may even blow out cooler air when it should be warm, or warm air when it should be cool. In other cases, a furnace or AC will not turn on at all. In some cases, it could be a thermostat issue, or more refrigerant may be needed to get everything running again. If you are not experienced with HVAC, using a property management company could save you in the long run instead of contacting a local business for service.  

Faucets and Drains

Rental properties often have issues with faucets and drains. Some issues include:
  • Garbage disposals: When property cared for, a garbage disposal can last up to 10 years. Tenants should be sure to keep water running while using the disposal, and then for an additional 20-30 seconds once turning off. They should also know the 8 things you should never put down your garbage disposal to avoid clogs.
  • Drains: Clogged and slow drains are two of the most common issues. Sometimes this can be resolved by using drainage clearing solution. However, long term issues may require an expert.
  • Faucets: Dripping faucets are a common problem. It could be due to damaged washers or seals. Upon inspecting the area, an expert may be needed if you are unable to trace the source.


Faulty electrical issues can be a nuisance for tenants. It can be as easy of a fix as installing new light bulbs, to having to rewire in older facilities. Common problems include worn outlets, switches not working, blown fuses, tripped breakers, or even electrical shocks. If more serious issues arise, you need to be sure your tenants are in a safe environment. If not, you will need to work with them to be in a temporary space until the issue is resolved.

Unless you have a background working in maintenance, many of the fixes you may be faced with for your rental might not be familiar to you. DenCo Property Management and Sales is here to help. From maintenance issues to leasing information, our team will be able to care for your tenants. Learn about the five ways Colorado property management will help your investment real estate. Get started today and contact us at 303-722-9688.

Your Denver Investment Property: Differences Between Long Term and Short Term

February 7, 2018

Are you considering an investing in real estate? Upon making the decision to take the next step and invest, your first priority is to determine how long you would like to own it. There are benefits to having a short-term or long-term Denver investment property. Use these tips to help you decide what is best for you, and how to utilize the help of a property manager to increase the return on your investment.

Short Term Investments

If you are looking for a rental to profit from, but are unable or do not want a long-term commitment, consider a short-term investment. One of the most common ways to do this is to either purchase, flip and re-sell a unit, or rent it out for a short duration of time. You could consider purchasing a property, investing in it to update its quality and renting it, then finding a buyer to take over the property. While the commitment is for a shorter amount of time, it can be a riskier investment. It ultimately depends on the market and how quickly you can rent out the unit and sell it to another property manager to take over. Ideally if you prefer this route, invest in an area with demand. Save up and coming areas or slowed markets for long term investments that can change over time.

Long Term Investments

If you plan to rent out a property, a long-term investment is your go-to option. It enables you more flexibility on location and lending abilities. After a duration of time, you will be able to claim the income for your taxes and take advantage of benefits. In general, when owning a rental property, the property will increase in value. The market can bounce, enabling you to sell when you will be profitable and have made a great return on your investment. You will also find an investment in a rental allows you have consistent supplemental income. Upon building your savings for the unit, you have the funds to boost money coming in. Wondering how much should a landlord allocate for monthly maintenance and repairs? Ideally, you should have a goal of two percent of the property’s annual value.

Benefits of a Property Manager

Whether you are looking to invest in a short or long-term rental, you can increase your gains with a property manager. A property manager will take care of any or all of the tasks needed to manage the property. It can be as simple as vetting out renters, to maintenance and leasing assistance. It is helps to save time and money that you don’t have. The expertise is especially beneficial for those new to the profession, or could use help in different areas.

As you prepare to invest, make sure you learn what to know before buying your first Denver residential rental property. For assistance with your short or long-term rental, contact DenCO Property Management and Sales. There hasn’t been a better time to invest in real estate in Denver, and we are here to help with anything you need along the way. See how we can work together on your property by calling us at 303-722-9688.

New Year Denver Real Estate Goals You Should Aim to Achieve

January 24, 2018

Are you wondering how you can become a better Denver real estate investor? It’s not too late to set resolutions and goals for your business, or upcoming endeavors. Every great investor is evaluating goals and making changes when needed. Make sure you are being smart with properties and valuable dollars by using these four tips that will ensure success for the new year!

Build a Savings

If you have a tenant that breaks your contract and moves out tomorrow, without paying, are you prepared to be able to make those payments? If there is a major fix that needs to be made, do you have enough in savings to cover it? As a property owner, it is your responsibility to have the funds to cover such events. As an investor, you should dedicate at least two percent of the overall value of each of your properties to savings. It is important to build the savings to be able to cover you for any disaster that can happen. Ideally, you need to have at least three months saved for emergencies. This is a great rule of thumb to also keep in mind for your personal life and expenses, too. Here’s how to figure out how much emergency savings you need.

Keep Personal Preferences Out

When buying and staging rental properties, remember to keep your own personal preferences and flair out of it. Do your homework on area specs to ensure you are competitive in the market. This could mean you should make upgrades such as adding granite counters, new appliances, or hardwood flooring. A rule of thumb for rentals is to keep everything neutral. Paint the walls white, beige, grey, or a similar neutral color. As you show your rentals to prospective renters, they need to be able to envision themselves in the space, which may not necessary be your vision. Something as simple as wall color or specific appliances can stray someone away.  

Create a Plan for the Future

Do you have short- and long-term goals for your real estate planning? If not, just like an emergency, you need to create them stat! In the short term, make sure you are accomplishing things such as a community feel and becoming an established service that tenants can trust. Look at long term goals, such as how much you would like to make, or what you would like to own 10-20 years down the road. Build milestones that will get you there—and stick to those.

Seek Help Where Help is Needed

Are you overwhelmed with your property? Do you struggle with elements of being a property owner? Are there issues that you do not know how to fix? This is where a property management company comes in. By utilizing a team of experts, you can fill in the gaps that will help you achieve your short, and long-term goals. This can include a team that will help you strategize, work one-on-one with tenants, handle maintenance issues, and aid with taxes.

For any help making your properties more successful this year, DenCO Property Management and Sales will help. Review our information for Denver property owners for more in-depth information on how we will help. Get started and call us today at 303-722-9688 to get started.

Improvements You Can Make to Your Residential Investment Property for Tenants

January 10, 2018

Are you looking for ways to attract tenants more quickly? Or trying to make your residential investment property more profitable? There are many upgrades and improvements you can make to accomplish these goals. From paint, flooring and appliances, to convenient payment methods, learn about the top areas you can improve to make your unit more attractive.

Fresh Coat of Paint

While it’s not the law in Colorado to apply fresh paint to a home in between tenants, as it is in other states, it is beneficial for prospective renters. Fresh paint will make the space feel fresh and new. If you have small rooms with dark colors, changing the color to a light shade will help the space feel larger. In your rental units, opt for a high gloss as this paint type is easier to clean and maintain. Semi-gloss paints are also a good choice, in particular for kitchens or bathrooms where there is water and moisture. When painting, choose a neutral color that will help prospective tenants envision themselves in the space.

Hardwood Floorin

If ready to upgrade your flooring, hardwood is a premier choice to increase the value. Hardwood is a flooring option that is easy to clean and maintain. True hardwood has longevity, allowing for a much better return on investment than carpet. On average, carpeting in rental units will need changed more often than hardwood. This could be as quick as every four to five years. With each set of people that live in a property, there will be more dirt and debris embedded within it that will carry over.


When you have outdated appliances, not only is it a deterrent to prospective tenants, but can be unpleasant for current ones. Plus, older appliances can also be energy draining. When you purchase energy efficient models, you will save in the long run. So how much can you save? For example, according to’s explanation of kitchen appliances, refrigerators will use up to 25 percent less energy and dishwashers will use 4.25 gallons of water per cycle or less. This is huge as older models can use 10 gallons of water per cycle or more! You can explore more savings by estimating appliances and home electronic energy use. For aesthetics, stainless steel models are most popular among tenants. However, if this is not in your price range, opt for a black exterior. They will show imperfections less, helping them last much longer.

Convenient Payment

Having a convenient way for customers to pay their rent each month is beneficial. If you require your tenants to pay using check and drop it into a drop box, consider an electronic method instead. On average, at least half of consumers prefer to pay bills online. While this is convenient for them, it also has perks for you too. When giving tenants the option to pay online, you can give them incentives for recurring payments. This ensures rent is paid on time, every month. You can do this with a small deduction off rent, or for a $50 gift card upon signing up.

One last improvement you can make to your rentals is to take advantage of a property manager. This will help you provide excellent customer service for your tenants, while helping you run things more efficiently. As you explore our information for Denver property owners, you will be able to find the services that work best for you. Call us today at 303-722-9688 to see how we can help!