Rents and Vacancy Stablize in 2024 Many experts thought rents would trend down this year, but the supply and demand economics stabilized rents and vacancies in Metro Denver. A recent article in the Denver Gazette states that rents stabilized for the first time in 44...
One of the biggest mistakes people new to the rental industry make is how they handle security deposits. Leaseholders’ security deposit rights are strong in Colorado. According to state law, these deposits belong to tenants. The improper management of security...
Lingering zero-degree weather challenges property managers concerned about freezing weather rental preparation. Property managers should be proactive and tell their tenants what to do when freezing weather is forecasted. Many tasks are simple, but if not followed,...
An essential role of property management companies is keeping abreast of tenant preferences. The National Multifamily Housing Council publishes a renter preference study every two years. The council surveys 172,703 renters living in 4,220 rental communities across 77...
Property managers found that this year’s taxes, insurance, and maintenance expenses increased. They also noticed downward pressure on rents in Denver because of the supply of newly constructed apartments coming on the market. Maximizing rental income in 2024...
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