DenCo Property Management Blog

Prepared For Denver's Early Winter Snow


September 19, 2018

Even though winter does not begin until Friday, December 21, Denver can see its first snowfall as early as October. As an owner of a residential investment property, now is the ideal time to make plans and arrangements to prepare for winter. It will give you plenty of time to reach out to tenants and create times that are convenient for you both. Use these best practices as you create your to-do list before winter. 

Furnace Check-Up


As we enter into fall, now is the time to have the furnace in your rental inspected and cleaned. This will ensure the unit is safe to use and in proper working condition. It is important to complete this long before the furnace is actually needed in the event there are issues—you will want to be sure you have a safe furnace for your tenant. Once all checks out, make sure a new furnace filter is installed. Ideally, a filter is good for three months. If you do not have an arrangement with your tenant on replacing them regularly, or written into your lease agreement, discuss how you can improve this moving forward. This will help the lifespan of the furnace and help the tenant too. 

Clean Roof and Gutters


When the roof and gutters work properly, water is directed away from a house, hence protecting the foundation. Schedule time to inspect the roof for cracks, missing shingles, damaged flashing, and any other issues or standing water. Next, make sure the gutters are cleared. It is also important they stay clear, which can be a process if there are trees around the home. Clogged gutters are one of the top issues that occur, which leads to sagging and other issues that can lead to detrimental issues. 

Reverse Ceiling Fans


Do your rentals have ceiling fans? Reversing the direction of the fan is one of the go-to ways to conserve energy. When airflow is switched, it will help circulate the warmer air, keeping your tenant warmer. When the airflow is circulated more efficiently, the furnace does not need to run as often—saving you and your tenant on bills each month. Not sure how to reverse the direction? Find your instruction manual or search online based on the make and model of the fan. Or, if the fans are older, you can explore Energy Star ceiling fans and search to see if you can find a model with a rebate. 
 

Landscaping Tasks


Keeping a lawn in premier shape during the winter will help it bounce back in the spring. First, make sure the lawn is seeded during the fall. Next, if there are trees, take some time to trim and prune to promote growth. You can also fertilize to help their quality when spring arrives. 

Do you need help managing your rentals? Or do not have the experience to tackle some of the necessary tasks to prepare for winter? DenCo is your premier local property manager in Denver. Review our information for Denver property owners to view our wide variety of services to help you get the most on your investment! Call us today at 303-722-9688 to see how we can help. 
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Frequently Asked Questions from Denver Residential Property Owners


September 5, 2018

As a residential property owner, there are many things to learn about. This will ensure the security and growth of your investment. No matter if you are on your first property or own several, it is always important to keep learning. Use these frequently asked questions to guide you through property ownership.
What should be on my radar to update between tenants?

The housing market in Denver is booming. At varying price points, renters have a plethora of options. Ensuring your rental is in premier shape is key to attracting tenants. It is crucial to handle some basic tasks that will freshen up the space:
 
  • Inspect for damage
  • Perform or hire a team to do a deep clean in every room
  • Patch and clean walls and apply a fresh coat of paint
  • Clean hardwood flooring and evaluate if a refinish is needed
  • Deep-clean carpets or replace if needed

Are there key laws I should know as a landlord?


Yes. It is important to review and understand Colorado’s landlord/tenant laws. A few of the top laws to know include:
 
  • Have a thorough leasing agreement
  • Security deposits must be returned within 60 days, pending verbiage in the leasing agreement
  • You may not discriminate when choosing a tenant based on race, gender, religion, disability, etc.
  • Rooms should have at least one electrical outlet
  • Units must have an operational smoke detector
  • Each floor must have at least one window that can be exited from in the event of an emergency that is 5.7 square feet

When do I need to provide tenants with notice regarding changes?


There are many things you may need to communicate with your tenant. First, lay out rules for rent increases in the leasing agreement. You must abide by them if an increase must take place. Second, make sure to state how much notice you will give to enter a unit. For instance, you will give a 24-hour notice if needed to handle repairs. If an eviction is necessary, landlords must give a tenant written notice. The tenant has three days to make missed payments.
Are there resources available to help me be more successful?

Of course! As a landlord, it is best to explore property management. A property manager is your go-to for leasing terms, maintenance, face to tenants, billing, annual taxes, evictions, and more. They know the ins and outs, allowing you to feel confident in your investment. Read the 5 ways Colorado property management will help your investment real estate to learn how they can help.

Looking for help with one or two areas of property management? Or do you need a full-service operation with your investment? DenCo Property Management is your local investment property manager. With expertise all areas, we are your trusted source. We also strive to make the living experience a quality one for your tenants. As a great way to run rentals, you will love having a team on your side to support you. Call us to see how we can help today by calling 303-722-9688.
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Tips for Apartment or Rental Searching from Your Local Colorado Property Management Company


August 22, 2018

As you make the decision to move into a rental house or apartment, finding the unit that works best for you is key. Aesthetics are great, but one of the best ways to start your search is by ensuring basic necessities are met. When starting your search, use this guide from your local Colorado property management company on some of the go-to things to consider for your search.

House or Apartment?


There are a variety of pros a house and an apartment. When making a decision, consider the following:
 
  • House: Renting a house is great for families or multiple people in one place. It is especially perfect for those with pets that need plenty of space to roam. A house is ideal for those looking for who enjoy yard work and the ability to keep up to one’s standards. Houses also can have garages, which is perfect for additional space and keeping a car secure. While many homes are in the suburbs, today there are homes available in great proximity to city-living.
  • Apartment: For apartment living, many love the number of amenities available. Utilities and some other fees are covered, and depending on the building, options such as a pool, open space, door service, etc. are available too. They are also great for those with small pets, specifically cats or small dogs. Rent in apartments also tends to be lower, depending on the area, making for an ideal choice for those tight on a budget.

Space and Square Footage


Finding the right number of square footage for your next place should be one of your top priorities. As you are looking for a new space, take measurements of your current furniture that you plan to keep. Keep these measurements with you (couch, beds, desks, table, etc.) to bring when exploring new apartments. In addition to these measurements, bring a tape measure along too to ensure your items will fit. Next, how much square footage do you require? Start by considering how much space is needed. This will factor the amount of people in the space and any pets.

Amenities and Features


Having a lifestyle you enjoy is important to everyday living. There are aspects you may think you can sacrifice that can become headaches down the road. For instance, do you need a washer and dryer, or is a laundromat feasible? Do you enjoy open spaces or yards, or is a simple apartment without any additional space a great option? Do you feel more secure inside a building, or do you prefer keeping your own home secure? Explore the benefits of renting from a Denver property management company when making your decision.

As you search for a place to live, explore the available Denver properties for rent in the Denver, Colorado area from DenCO Property Management and Sales. We would love to help you find your next ideal home. Our premier services will keep you and those living in the home happy and safe, in the environment that works best for you. As a quality company you can trust, you will love our options for your next place to live!
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Top Rental Trends for Denver Property Management for 2018


August 8, 2018

Are you looking for ways to keep up and continue attracting renters? When you keep up your properties, not only will you be able to make more, but you will create happy customers. Having renters that keep renewing their lease creates stability and steady cash flow. Try out some of these top rental trends from local Denver property management to keep from having vacancies.

Step Up Marketing Game

As a landlord, it is important to attract your renters on the level they want. Younger generations prefer to have the option to see a rental inside and out from the convenience of their phone, tablet, or computer. When posting your property as available for rent, make sure you have great quality pictures of every room. Take it a step further and provide a virtual tour allowing them to get a great look at every angle.

Smart Properties

Many prospective renters are happy to pay a little more in rent each month to have upgraded, smart features. In several cases, this may help save you money as a property owner, too. First, consider a premier smart home. This includes door locks that can be programmed to a smartphone, or a thermostat allowing a person to control the temperature wherever, whenever. In addition, you can also have lighting controlled with a phone, as well as sound. In many situations, a person can control each of these features by speaking—and not even typing in anything.

Pet-Friendly

Are pets a no-go for your rentals? In order to attract to a full range of tenants, it may need to become an option that is back on the table. Having a pet-friendly unit is important to many renters. One way to ensure your property stays secure is to require a non-refundable deposit if bringing in a pet. The deposit will cover any damages up front and keeps the tenant happy knowing they have found a great place accepting of their furry friends.

Wood Flooring

Hardwood floors have been popular with renters for decades. However, the style of flooring that is attractive to them is slightly changing. Today, renters are interested in floors with wider planks and are light in color. Some prefer a super light, matted look, while others prefer more gloss and shine. Get ideas using these 22 living rooms with light wood floors.

Single Family Properties

If you are looking for your next property to invest in, a popular go-to option is a single-family home. Explore the top five neighborhoods to search for investment real estate in Denver to get started. This type of property is on the rise, especially in Denver. It is attractive to the renter that is looking to see if home ownership is right for them. But it is also important to those who do not want to rent at all.

Another important factor that renters are looking for is a great experience. Ensure their time at your property is the best possible with DenCo Property Management and Sales. From maintenance and leasing, our premier property management company will handle any and all of the steps to keep your customers happy and more money in your pocket. See how we can help by calling us at 303-722-9688.
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Should You Convert Your Denver Real Estate into an Airbnb?


July 23, 2018

Are you looking for ways to diversify your Denver real estate? Consider converting a unit into an Airbnb. Airbnb’s are popular in the Denver area, and a great way to mix up owning a property. It allows you the flexibility to rent out a place on your own terms, which is great if you need to use your rentals, have family coming into town, or other circumstances. Explore the world of Airbnb to see if it is the right choice for your property.

What is Airbnb?

Airbnb is a website that allows homeowners or property owners the opportunity to rent out a space to guests. Owners can make their location available for rent, which tenants then can use for vacation, work trips, or other rental needs. To help keep locations secure, Airbnb secures $1,000,000 in damages for those who rent out their spaces. In addition, they also cover tenants of the rentals in the event they get hurt. Airbnb units are growing in popularity as they are available in prominent areas at prices more affordable than hotels. Renters will know they are getting an experience different than a hotel, however, be sure to keep units clean and ensure they are consistent with the photos.

Popularity in Denver

Denver is one of the nation’s top tourist destinations. This makes it a premier place for an Airbnb rental. With an average of about 30 million annual business, people are looking for alternatives for their stay. Airbnb is making it affordable. Not only are people getting to stay in a great unit for a price within their budget but helps them connect to the local scene better. Airbnb properties in Denver are more than 50 percent, showing that people are very interested in properties.

Denver Legalities

If you would like to rent out a space through Airbnb, it is important to follow the law. This will help keep you out of hot water in the future. First, you will need a short-term rental license. This will give confirmation that renters are approved to stay in your space. All elements about this license can be found in the Denver short-term rentals FAQ. Next, you will need to provide documentation that the rental is your primary place of residence and is insured. You will also need liability insurance and abide by building and housing standards. Be prepared to save nearly 11 percent per night on your rental for taxes due to the city’s Lodger’s Tax. This will allow you to make money but not be surprised when tax time rolls around. You will also need to provide safety information to tenants about local safety.  

Whether you choose to rent out your property as an Airbnb or are looking to rent it out to tenants, DenCo Property Management and Sales can help. As your local real estate expert, our team will be sure you are making smart investments that last long-term. Explore our recommendations about insider ways Denver real estate can supplement your income. From there, call us at 303-722-9688 to see how we can help you get the most of your rental.
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