Tenants sometimes need to add or drop a person from their lease. A relative moves into town, their significant other wants to move in, or they are trying to help out a friend. Adding or dropping a tenant to an existing lease involves a few steps to ensure that all...
Rental Supply and Demand In 2024, renters in Denver have seen the average rent pricing decrease for the first time in years. The main reason is that more rentals are on the market this year, and prices usually go down when there is more supply. Below are reasons why...
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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