Rental Property Management Broomfield CO

Broomfield, Colorado is a fantastic place, especially if you have a rental property to share with another family. As a
landlord, being available 24/7 to maintain that property is difficult at best. This is especially true if you’ve moved out of the area. So you need a great property management company. There are many to choose from, but your choice is Denver Realty & Rentals. They provide the best service for real estate investors and their properties.

24/7 365 days a year

Rental Property Management Broomfield CODR&R provides all of the services you could possibly need, 24/7 365 days a year. It would be great if emergencies happened during the day when your plumber, electrician or contractor has regular business hours. Unfortunately, that’s not usually the case!

They usually happen in the middle of the night, on holidays, at times that are inconvenient. That doesn’t bother DR&R. They have plumbers, electricians and handymen ready to help whenever your tenants need them.

Oh no, your current tenant has given notice! How can you possibly get the property cleaned, repaired, shown to prospects and re-rented in 30 days? Keeping it rented is the only way you can make money. Don’t worry, DR&R will get your property in tip top shape, shown and rented, and also improve it to increase your equity. They also inspect annually and between tenants.

Range of services

DR&R provides you with a wide range of services to make your property shine and stay rented. They provide cleaning and repairing between rentals, advertising the property between tenants with professional photos, background check prospective tenants and show the property, protect your identity if that’s your wish, help the tenants by providing quiet use and enjoyment of the property, make sure all fair housing laws (Federal and State) are followed, collecting rents and evicting tenants when necessary.

Don’t try to do it all yourself

Hire the best property management company with the most expertise to handle your rentals. For more information visit:    http://denverrealtyandrentals.com/property-management/

For more information about the Broomfield, Colorado area visit these sites:

http://www.colorado.com/cities-and-towns/broomfield
https://en.wikipedia.org/wiki/Broomfield,_Colorado

Rental Property Management Westminster CO

You have a rental property in Westminster, Colorado. You know that you can’t be there to take care of it at a drop of a hat. So you need a great property management company. They aren’t a dime a dozen, so your best bet is Denver Realty & Rentals. They provide the best service for real estate investors and their properties.

24/7 365

Rental Property Management Westminster CODR&R provides plenty of the services you need, 24/7 365 days a year. As you know, calls can, and usually do, come in the middle of the night, on holidays, at times that are inconvenient. That doesn’t bother DR&R. They have plumbers, electricians and handymen ready to help whenever your tenants need them.

Worried about getting the property in shape for a new tenant? They strive to not only keep the your property looking top notch in between tenants, but improve it for you. They inspect annually and between tenants.

Range of services

The range of services they provide include making sure your rents are comparable to others in the area, cleaning and repairing between rentals, advertising the property between tenants with professional photos, background check prospective tenants and show the property, protect your identity if that’s your wish, help the tenants by providing quiet use and enjoyment of the property, make sure all fair housing laws (Federal and State) are followed, collecting rents and evicting tenants when necessary.

You know that you can’t do it all, so hire the property management company with the most expertise to handle your rentals. For more information visit http://denverrealtyandrentals.com/property-management/
For more information about the Westminster, Colorado area visit these sites:

http://www.ci.westminster.co.us/
https://en.wikipedia.org/wiki/Westminster,_Colorado
http://www.colorado.com/cities-and-towns/westminster

Colorado Rental Property Management

As a rental property owner you know that taking care of one or more properties yourself can be exhausting and time consuming. Colorado Rental Property ManagementIn Colorado the best property management can’t be easy to find, but in Westminster, Broomfield and Louisville, among others, the best is Denver Realty & Rentals. They provide the best service for real estate investors and their properties.

DR&R provides many services

They are available for their clients 24/7 365 days a year. Important because emergencies don’t follow a schedule or wait for the office to open. They have relationships with vendors of all kinds to keep your properties safe and in great shape. They strive to not only keep the integrity of your property not only where it is, but to make it better from tenant to tenant. They do this through annual inspections and also between each tenant.

Other services include:

  • Check rental rates in your area
  • Prepare the home to be rented (thoroughly cleaned and repaired)
  • Advertising the property for rental
  • Provide professional photographs
  • Vet prospective tenants
  • Show the property
  • Take all the phone calls
  • Protect owner identity
  • Make sure the tenant has quiet use and enjoyment of the property
  • Follow all fair housing laws (Federal and State)
  • Move in, move out checking and cleaning
  • 24 hour answering for emergency
  • Owners are our first priority but we know happy tenants are an owner’s priority
  • Collection of full rents
  • Handle any necessary eviction process

Hire the best

Hire the firm with the most knowledge and expertise to handle your rentals. They only deal with the most experienced and affordable tradespeople to make repairs and do the upkeep on your properties. For more information visit  http://denverrealtyandrentals. com/property-management/

How To Find The Best Property Management Company

You have investment properties and need a great property How To Find The Best Property Management Companymanagement company. You already know you can’t do it yourself and the services of a property manager or property management company will be a huge help. So what can you do to make sure you find the best one? Your homework!

Talk to other investors and start a list

One thing to do is to talk to other real estate investors to see who they use and how they feel about the service they receive. This may be the best way to start the list of companies to consider. Be prepared to ask questions. Ask about cost. Ask about what services are provided. Ask about response times. Ask about any issues they may have with their current company and others they’ve used.

Research

Now that you have a list, start your research. Internet searches can give you some good information. Read the good and the bad and see if the reviews match what other investors told you. Look at their website. See what is included and what isn’t. Does their website have full contact information, including full corporate name, physical address (as opposed to a P.O. Box) and phone/email addresses. Why is this important? Because if they are willing to hide the information you need to do a good background check on them, then you don’t want to do business with them.

Due diligence

Now take that information and do your due diligence. Check with the Better Business Bureau for consumer complaints. Remember that complaints may be from tenants as well. These are important because to tenants, the property manager is an extension of you, the landlord. Check with the state/county/city to find out if they are licensed if required by law. Check the state and local court systems for any suits filed against them or judgments against them. Check state and/or local criminal record databases for the company principals and those who will be actually working on your properties. Their names should be readily available on their websites.

Now weigh the results and choose your property management company!

If you are looking for a great Denver Investment Property Management company, give Denver Realty and Rentals a call today! (303) 452-5853

What To Look For In A Denver Rental Property Management Company

If you’re in Denver there are plenty of property management companies. So how do you choose the best one for your needs? Knowing what a good one should do is a start.

A property manager’s main job

A property manager’s main job is to manage, repair and maintain the building, and to keep the maintenance and repair costs to a minimum. A well maintained property keeps its value, What To Look For In A Denver Rental Property Management Companywhich is what the owner wants. Keeping it maintained without having to run and do it themselves is also what an owner wants.

The property manager is the “go to guy” for your tenants . Plumbing broken? Call the property manager. Heat out? Call the property manager. A top notch company will make the repairs and maintenance should be carried on as soon as possible so as to provide maximum comfort to the residents, and minimal damage to the property.

The manager of the property also needs to inform the tenants, about the exact time and duration in which repairs and maintenance shall be carried out so that they can make arrangements accordingly.

More than just maintain the property

A good property manager does more than just maintain the property. They also are responsible to see that there is a good owner and tenant relationship, and tenant to tenant relationship, if the property has more than one unit. Managers are often responsible to see that everyone is following the rules. The property manager is responsible to keep things like noise complaints, illegal activities (like drug dealing), and unauthorized “tenants” from happening, or to address them when they do, in a respectful, but authoritative manner.

They also are responsible for screening new tenants, collecting rent payments, including handling situations where rent is late or the rent check bounces. When finding tenants, a good credit and background check should be run. Situations with non-payment, late or bounced payments need to be handled firmly, but respectfully, especially in this bad economy.

Why You Need To Hire A High Touch Luxury Property Management Team

You have a luxury rental, now you need a luxury property management team. Don’t hire just any Joe Schmoe. Joe and his schmoes are more haphazard in response time, screening of prospective tenants and caring for your luxury property. Instead, hire a team that is high touch. Your tenants will demand no less.

So what is a high touch luxury property management team?

Why You Need To Hire A High Touch Luxury Property Management TeamIt’s an incredibly helpful, always on the ball property management team. But won’t a less expensive team be just as helpful?

It’s remotely possible but why take the chance? A luxury team with be there at your beck and call from day one. They will go to the ends of the earth to find you the best tenant for your luxury property.

What this means is they will screen all prospective tenants to be sure they are the quality tenant you expect. They will run the background and financial checks to be sure the tenant can afford and care for your property.

Once you have they have the tenant, a high touch property management team will make sure your property is in tip top shape before they move in. Then they will be there immediately if there are problems. They will also be there to check on the property, perform maintenance during and after the tenancy.

High touch means exceptional service. Isn’t exceptional service what you deserve?

If you are looking for a great Denver Executive Property Management Team, give us a call today to find out more! 303-452-5853

3 Reasons Encouraging Long Term (Happy) Renters Is So Important For Real Estate Investing

As a real estate investor, your focus is making money from your investment. In order to do that you should be working on getting and keeping long term renters. How do you get renters to be long term? Keep them happy. Here is why that is so important.

Save money

3 Reasons Encouraging Long Term (Happy) Renters Is So Important For Real Estate InvestingLong term tenants save you a lot of money in the long run. How? Well you don’t have the expenses every few months, or even every year, of short term tenants or bad tenants you have to evict. Beyond eviction expenses, which can vary from place to place, but are hefty enough, there are the expenses you have with every turnover in renter.

Examples

Here are examples of some of them. First, lost rent while the property is empty. The time it takes you to re-rent the property costs you. This is the perfect example of “time is money” in action. Even one month lost rent could be thousands of dollars, depending on the type of rental and where it is located. Next, repairs and fixes of wear and tear times (paint, rugs/flooring, etc.) or property damages (holes, broken doors, broken appliances or worse). Even with a handyman or management service on call, getting the property ready to re-rent takes time. Last, expenses to advertise the rental, show the property and get it back under lease. That entails ad costs, realty fees and attorney fees.

Well managed properties

Having well managed properties will keep tenants happy and staying. That means that when they complain about an issue, your property manager or management company is responsive immediately. Even if the fix takes time, addressing their complaint then will keep them satisfied with how you, as their landlord, value them. The longer tenants stay with you, the more income you’ll gain. It’s as simple as that.

Related Resource: Learn more about How To Succeed Using Hands Free Real Estate Investing

Why Millennials and Baby Boomers Are Renting Homes

The conventional wisdom is that buying a home is the best use of your money. What some are finding is that isn’t necessarily the case. This is especially true of baby boomers and millennials. In many ways they are better off renting. Here are a few reasons why.

Baby Boomers

Why Millennials and Baby Boomers Are Renting HomesFor baby boomers renting after retirement actually makes sense. Boomers are downsizing in record numbers. Their children are grown and out of the home and they find that there is no need for the larger home. Instead of opting for a retirement community or assisted living home, some are seeing that renting a home or apartment is a better option. Apartments make basic cleaning and maintenance a lot easier for anyone.

Maintenance is a big reason for renting. Not only for basic cleaning, but also when things break.

In their owned homes if the kitchen sink backed up they would call a plumber. In a rental if the kitchen sink backs up, you call the landlord who calls the plumber… and pays the plumber as well.

Renting provides flexibility for boomers as well. If, as they age, they find they need more help than an apartment will provide, they have the flexibility to move into an assisted living facility without having to worry about selling a home.

Millennials

For millennials renting provides some of the same benefits as for boomers. Millennials are just getting started so the need for a large home isn’t there yet.

The same maintenance issues are solved for millennials renting. They don’t have the know how to fix things since the landlord does it all. They also need the flexibility since getting started in a new career may entail a move. Being able to be move more quickly than you could if you owned a home is important for those looking to be upwardly mobile in a new career.

For millennials the expense is also a key factor. While it may seem cheaper to buy a home, there are hidden expenses. Things like real estate taxes, condo fees and those costs to maintain your home.

So if you are a boomer or millennial, weigh your options and don’t be afraid to go back to renting. It might be the exact solution to all your questions.

Are The Millennials Going To Buy Houses?

In the real estate world one of the biggest questions is Millennials.The question now is are they going to buy houses. It’s important because millennials are in the age group of first time buyers.

Are The Millennials Going To Buy Houses?The market has been much stronger but one area where it has lagged is the first time buyer market. It’s the lowest in almost 30 years. That may be alarming, but those in the know think that the drop is a long term thing. Millennials are putting off buying into the American dream, but they haven’t given up on it. While this is good news in the long run, in the short term it will be an issue.

Economic issues

At the moment this age group is shunning home buying. This is for a few reasons. Millennials watched their parents deal with the housing crash, making them more cautious about taking out large mortgages in order to buy a home. They are also, as a group, dealing with massive student debt loads that put a strain on their income and what they are able to save. They are also having a harder time finding employment and while that has become a smaller issue in the last few years, it impacts their decision making.

Marriage choices

Another reason they are holding off home buying is that most first time home buyers are young married couples who are settling down. However, Millennials are marrying later. Under age 34, just 24% of women and 30% of men are married, about half the figure for that age group in 1940, according to the Pew Center. The median age of first marriage is now over 29 years for men and 27 for women. That means that they will be in a life position to buy later, say about 35 to 40 years old.

So it’s a mixed bag, but the pieces will fall into place and they will buy houses in the future.

The Market Doesn’t Care How Much You Need To Make When You Sell Your Home

You need to sell your home and you have to get a certain  number in order to pay off your mortgage and purchase a new home. Guess what? The market doesn’t give two hoots about how much you need to get for your home. It will sell for what the market will bear, no more. Even if you remodel to boost the value of your home, the market will decide.

Sometimes it can be a rock and a hard place

The Market Doesn’t Care How Much You Need To Make When You Sell Your HomeMany people found out during the real estate crash what that means. You owe a certain amount on your mortgage. Your mortgage company wants their money whether you sell for enough or not. You want to be able to buy a new home and to do that you also need to have money left over. It’s not an easy place to be.

What you paid doesn’t count when selling

Don’t even think that what you paid for your home should have a bearing on what you should recover when you sell. Some, unfortunately, bought at the top of the boom and some neighborhoods went downhill and hasn’t recovered or recovered enough to make your home worth what it was. People aren’t going to pay the inflated value you did, nor will any mortgage company write a mortgage for that amount. Pouring more money in by updating it won’t raise the value either.

In short, no matter what you need, you may not be able to get it out of the sale of your home. The market and what someone is willing to pay for your home determines its value, not your needs.