DenCo Property Management Blog

Landlord-Approved Ways to Decorate Your Rental from Denver Property Management

February 20, 2019

As a renter, you always would like to get your security deposit back. This does not mean you need to have a bland and boring space! By using a few premier decorating styles, you can revamp your area without any damage. Use some of these top techniques from Denver property management to transform your rental. 

Hang Art Using Wall-Safe Techniques

When you hang art with nails, you run the risk of holes in your wall. Today, you do not need to put anything in the walls to hang art. Not even anchors! Well, you will, but differently. Today they have quality wall mounting strips that will not damage your walls at all. You can utilize hooks that will hang your photos safely based on their weight, so they don’t fall. 

Strategically Place Rugs in a Space

Whether you have hardwood floors or carpet, rugs can mix up a space. They make a floor softer and can be a great way to reduce noise in an open room. For a large living room, take a large area rug and strategically place it in the center of the room. Having furniture hanging off is normal. Use a larger rug as smaller ones can ruin the flow of a room. When choosing the best area rug for your space, use a simpler rug in a place with a lot of décor. If you have a room that is simple, you can get a unique and vibrant rug to mix things up.  

Buy Plants

Plants, both real and artificial, can dramatically change your apartment or residence. If you don’t have a green thumb, consider an artificial plant. Small plants are available for tables or to change a room, get a tall one that can be a centerpiece of an area. For those that prefer a real plant, an aloe vera plant is simplistic and unique. Peace lilies are also simple, with a gentle pop of color to make a space stand out. You can even hang plants vertically to make for a great statement on a wall. Have pets? Make sure the plants you choose are pet-friendly. African violets, bamboo, Boston ferns, calatheas, cast iron plants, parlor palms, and spider plants are all safe go-tos for your furry friends. 

Change Lighting with Lamps

Lamps can make dramatic statements. Floor lamps, in particular, are decoration pieces in themselves. Search for tall fixtures with dimension that will set the mood of a room. Light is everything. First and foremost, choosing the right bulbs are key. Opt for LED which will last and is safest.  Choose a warm shade for comfortable spaces or bright white for bathrooms and kitchens. Switching out ceiling fixtures can also change an area, without having to make any changes that will cost you your security deposit. Make sure to safely store the original piece from your unit or as your landlord to hold. Desk or table lamps are available in a variety of styles that truly make a room pop. 

As a renter, be sure you learn the top ways to be a good tenant from your local Denver residential property manager. Your apartment is your home, and by treating it as if you own it, your landlord will be happy. To discuss potential rental opportunities in the Denver metro area, contact DenCo Property Management and Sales at 303-722-9688.

Top Upgrades to Make to Your Residential Investment Property For 2019

February 6, 2019

As a property owner, having a quality residence in a premier Denver location is vital. However, making upgrades to your residential investment property will keep you relevant and attractive to prospective renters. From appliance upgrades to stone counters, with just a small investment, you can keep tenants happy and attract new ones. 

Appliance Upgrades

It is an increasing trend for property owners to replace older, white appliances with black or stainless steel. These styles of appliances do not show age as well and are overall more popular with renters. However, did you know that ENERGY STAR appliances will provide you and your long-term tenant savings? In some cases, you may even be eligible for rebates to get money back on some of your investments. On top of adding a new microwave, oven, and dishwasher, consider making a washer and dryer available too. You will be able to increase rent prices with this perk – convenient for both you and your tenant. 

Hardwood Flooring

Whether you install real hardwood flooring or vinyl plank flooring, it will be much easier to clean and maintain. To maximize your investment, stick with hardwood. Real hardwood flooring can be refinished to remove scratches and imperfections. Also, it can also be re-stained, so you are not committed to a specific color. While initial expenses may be higher, hardwood flooring pays off. With the flexibility to remove minor damages and give it a new, fresh color, it can stay in a home for 20 years or more when properly cared for. 

New Doors

Doors in a rental are often forgotten about but can make a significant impact on value to renters. Installing a new front door will create a fresh face to the space, making it welcoming and inviting. Also, the internal doors matter, too. If the entries in your property have dings, scratches or other imperfections, consider an upgrade. For icing on the cake, add new knobs that match the other fixtures. 

Stone Counters

Renters top countertop preference is stone. This growing trend is prevalent in properties all across Denver, which is a durable option for your rental. Consider adding sealed granite or quartz counters. Both of these are non-porous (granite only that is sealed), so liquids do not seep into them that can cause damage long term. Stone counters are incredibly durable and are a real upgrade to the value of a space. This way, if you plan to sell your rental property down the road, you can rest assured knowing you added value. 

Increase Storage

A perk to offer tenants is the option of storage. If you can do minor remodeling to add a few extra closets, it can be helpful. If there is not space, consider offering an external storage unit. These can be placed in apartment buildings, outside of residential rental homes or at a storage facility. You could provide additional storage as an upgrade for an added cost to rent. 

As you make plans to enhance your residential rental property, DenCO is here to help. As Denver’s local, go-to property management and sales company, we can do all work to help you succeed.

Sometimes it is best to leave things to the professionals—we will help every step of the way! Contact DenCO Property Management and Sales today to get started or to learn more about the expertise we offer to Denver real estate investors.

Denver Real Estate Benefitting Buyers in 2019

January 23, 2019

Are you considering purchasing Denver real estate? The new year may just be your perfect year to make a next step in your investment future. Going into 2019, the market is shifting in a way more favorable to buyers. 

Previous Markets

For the last few years, Denver has experienced a large boom in people moving to the area or looking to buy a new home. Rebounding from the market crash in 2009, since 2014, the area has been consistently a seller’s market. This made it the perfect opportunity for those looking to rent as homes sold quickly due to demand. As a seller, this demand was profitable. Thanks to bidding wars and such an interest from prospective homeowners, homes and investment properties were selling at record rates. Just within the span of four years, the average home price doubled. 

Current Trends

For 2019, Denver’s housing market is showing signs of cooling off—making it a little easier for those looking to buy or invest. While prices are staying somewhat consistent, adding more inventory to Denver and surrounding neighborhoods gives buyers more flexibility in their search. It is also projected that mortgage interest rates will increase, which has caused people to postpone their search and possibly pursue more rental opportunities. As people wait to see how the latest fed rate decision affects rates on credit cards, mortgages, saving accounts and more, an increase in people choosing to rent is a go-to opportunity for those looking to invest. It helps those who would love to buy but unable—giving them the ability to have a quality home in the Denver area. 

Benefits of Investment Properties

As the market makes a switch, it’s a premier time to invest in Denver rental properties. Owning a home to rent out is a great way to bring in additional income without the work required in a normal job. And for those new to investing, there is much information for Denver property owners available to make the process easier. One of those resources are property managers. Property management companies take over any or all responsibilities, which fills gaps an owner is not sure about or needs assistance with. Some of the top ways a property manager will help Denver investors includes:
  • Serving as the face of your rental and doing routine communications
  • Researching ways to make your investment more profitable
  • Handling transactions and taking necessary precautions for those who do not pay on time
  • On-call maintenance for repairs
  • Assistance remodeling or upgrading a property in between tenants
  • Help with bookkeeping and taxes

Are you looking to invest in a Denver residential property? Now is the time to make a consideration and DenCo Property Management and Sales is here to ease any of the process for you. As your local property manager, we will aid in as many ways you need to make your rental a success. The best way to get started is by calling us at 303-722-9688. From helping you find a property to getting started, our team of experts will help you take advantage of benefits to come in the new year. 

Technology Adds for Your Property Management in Denver

January 9, 2019

Property owners are competing to provide quality amenities for tenants. If you are one of them, there are ways to set yourself apart from the competition. By taking a few extra steps, you can provide a more quality rental experience that creates long-term, reliable customers. As you work to develop or offer better experiences for tenants, use some of these best practices from local property management in Denver. 

Features for Tenants

  • Wi-Fi: The internet has essentially become a necessity for everyone. From watching videos to paying bills, everyone is looking to find inexpensive ways for internet access. Attract tenants by including internet with their rent. This also takes away some of the stress of them having to install and pay fees when you have it already set. 
  • Streaming television: People are cutting the cord left and right. One of the ways you can attract tenants is to provide access to a streaming service. Offer a few months of one of the best live TV streaming services for cord-cutters. This premium perk will help them save when they move in, as well as long-term as these services do not cost hundreds of dollars. 
  • Create a rewards program: Encourage good habits from your tenants with a rewards program. Using points, reward them for using online payments, paying on-time, caring for the property and more. Even small giveaways can be a fun and exciting opportunity for everyone. 
  • Washer and dryer: No one enjoys spending hours at a laundromat and for some, owning a washer and dryer isn’t something they can afford. You can invest in a small, stackable washer and dryer you can offer for a small rental fee.  

Online Applications

Paper applications can be costly, time-consuming and inefficient. With online applications, prospective tenants can quickly fill it out on their laptop, tablet or smartphone. Not only is this helpful for them but streamlines the process for you. Filling an application out online forces people to fill out specific information as accurately as possible. Electronic applications also help to expedite the process, allowing you to review a person or group more quickly—helping you fill the vacancy in a timely fashion. 

Using a Property Manager

As a landlord, there may be areas of property ownership you need help with. Are you not great with walking someone through the lease? Need some help with billing and bookkeeping? Unsure how to properly plan for taxes? Not as handy as you thought when it comes to maintenance? These are a few of the top services a property management company can provide. These management companies will help you with any aspect of the rental process. 

Throughout your search for profitable amenities and features for property management in Denver to add, DenCo Property Management will help. As your go-to full-service agency, we will help you throughout your process as an owner. We strive to make any part of ownership seamless to maximize your time and investment. To see what we can do for you, call us today at 303-722-9688. 

Tips for Completing Denver Residential Property Repairs This Fall

December 26, 2018

Denver residential property repairs are never easy to complete, especially if you’re a particularly busy homeowner. So, how do you manage the repairs that need to be done to your property? Below, are a few tips you should consider when working on completing property repairs this fall before winter arrives this year. 

Consider the Limits of Your Budget

The first (and most important) tip to consider when completing Denver residential property repairs this fall is your budget. If you have a lot of pending projects that you need to do before the winter, it can be pretty tempting to do everything all at once. Unfortunately, in doing so, you might crash your bank account. Instead, you should consider your budget, how much you have to spend, and start planning which repairs you should complete, but, one at a time. 

Identify What Repairs Need to Be Made

After considering how much money you can spend, you can hire a local property inspector to determine what repairs need to be made. Although you might already know what kind of repairs you want to get completed, it’s always good to be thorough. In some cases, your home inspector might also be willing to help you determine which repairs to complete first, and which can wait a little longer. Although you never want to prolong a home repair, you can’t exactly fix your home without any money in the bank. 

Hire a Local Denver Property Management Company

An ideal way to start getting residential property repairs completed is to hire a local a Denver property management company. Although you might want to do repairs on your own (we’ll talk about this later), having a property management company take care of repairs for you will allow you take back the necessary time that you can spend doing other things, such as spending time with your family, working other jobs, etc. 

Think About Taking on Repairs Yourself

If you’re big on DIY, you can always consider taking on the repairs yourself. This can definitely help you save money, especially if you have some time on your hands. However, you won’t be able to complete every repair on your own, plus, the amount of money you’ll spend on materials might be more than merely hiring a Denver property management company. Although the choice is yours, it’s something to keep in mind when getting repairs done this fall. Also, consider the amount of time that goes into repairs, not every homeowner has the free time to take care of repairs, especially at this time of year. 

It can be a lot of work taking care of repairs on your own, but having a Denver property management company backing you up, you shouldn’t have much trouble. So, what are you waiting for, your home’s repairs aren’t going to take care of themselves! Call (303) 722-9688 today to get more information and book a free consultation with DenCO Property Management to get your property’s repairs completed before the end of the year.