Property Management Advice

September 12, 2023
Utilities for Rental Property: What Every Tenant Should Know

If you rent your home, following the terms of your lease is one key to a smooth living experience in your rental home. This includes any responsibilities around home maintenance and utilities. Renting a single-family home generally comes with different responsibilities than renting an apartment. In an apartment setting, the building management usually handles most maintenance […]

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September 1, 2023
Can a Landlord Look in My Bedroom? Rental Property Inspections

Navigating the balance between a landlord's right to inspect and manage their property and a tenant's right to privacy and quiet enjoyment is a delicate task that demands mutual respect and understanding. On one hand, landlords have a legitimate interest in maintaining their investment, ensuring that the property is in good condition, and verifying that […]

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August 22, 2023
Managing Your Investment: How Lease Listing and Property Management Agreements Protect You

Using the correct agreements and documents can make all the difference in residential property management. One essential contract is the lease listing agreement, which connects property owners with real estate brokers to market a property for rent.  This agreement sets clear terms, helping ensure a smooth rental process. Understanding the lease listing agreement is crucial […]

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April 6, 2022
Understanding Renters Insurance

What is Renters Insurance? Renters insurance is a type of policy that is designed to cover the tenants and their personal belongings in a rented residence. While landlords have their own homeowners insurance policies that cover their structures and financial interests, these policies don’t generally extend coverage to their tenant's personal property. This means that […]

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April 1, 2022
Landlord Carpet Replacement Law

For many tenants, property condition is a deciding factor when choosing a rental unit. If you’ve been renting for a while, you’re probably already in the habit of documenting any damages from a former tenant prior to move-in. But how often do you think about the carpet condition in your rented home or apartment? Probably […]

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March 27, 2022
Colorado Springs Airbnb Laws - Can You Still Make Money?

Updated June 15, 2021 Colorado Springs Airbnb laws changed significantly at the end of 2019. If you are a real estate investor or property owner looking to get into the Short-Term Rental (STR) market, that may be more difficult than you think, at least in the city of Colorado Springs. The Colorado Springs City Council […]

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March 18, 2022
What is Section 8?

Section 8 is a rental housing assistance program, funded by the U.S. Department of Housing (HUD), and administered by local public housing agencies. Sometimes referred to as the housing choice voucher program because it grants vouchers to eligible low-income families, people with disabilities, and seniors in order to help them obtain affordable housing. Section 8 […]

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January 28, 2022
How to Find a Good Property Management Company

Your rental property is a valuable investment. Perhaps your most valuable (other than the home that you live in), which makes choosing the best property management company an important decision. If you don't know how to find a good property management company, read on... Many real estate investors opt to work with a property manager […]

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October 22, 2021
Understanding the 3X Rent Rule

If you’ve been renting or looking to rent for a while, you’ve probably come across the “3x rent rule.” The 3x rule is a common way landlords and property managers vet potential tenants. It states that a tenant’s adjusted gross income, or take-home pay, should be 3x the proposed rent on a property. Adjusted gross […]

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June 21, 2021
Understanding The Colorado Eviction Process

There are a lot of misconceptions and misunderstandings about the Colorado Eviction Process. Because the process is very specific, failure to understand the appropriate steps can add significant time to the eviction. The pandemic of 2020 and subsequent eviction moratorium has also made the colorado eviction process even more confusing. If you are involved in […]

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May 12, 2021
Peyton Property Management

Peyton, Colorado is located in the eastern portion of El Paso County just northeast of the Falcon area and west of Calhan, Colorado. Peyton property management is a unique challenge because of the way the eastern plains have developed. While Peyton is for the most part a rural community, there are newer subdivisions in the […]

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October 23, 2020
Is Renting a Townhouse Right for You?

Is Renting a Townhouse Right for You? If you have lived in Colorado Springs for a few years, it may come as no surprise that the average cost of rent has risen 27.41% since 2015. But is renting a townhouse the right housing option for you? Though a booming job and housing market offers certain […]

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September 25, 2020
Normal Wear and Tear vs. Damage

The end of a lease is an important event for landlords and tenants alike. It can also be a time of conflicting expectations. Both tenant and landlord need to understand the difference between normal wear and tear versus damage. The landlord will usually expect their property to be returned to them in the exact condition […]

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August 18, 2020
Security Deposit Disputes and How to Avoid Them

It all starts with being "Move-In Ready" Rental Security Deposit disputes usually occur because of a misunderstanding between a landlord and a tenant. At the end of a lease term, the tenant is usually required to leave the property in “move-in ready” condition. This means the same condition in which they received the property, minus […]

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June 19, 2020
Renting to Tenants With a Criminal Record: HUD Guidance

Landlords who have a rule banning applicants who were convicted of a crime-may want to rethink that policy. Recent guidelines issued by the US Department of Housing and Urban Development (HUD) on April 4, 2016 call for landlords to do away with blanket bans, that disqualify applicants based on prior convictions or arrests. Having a […]

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June 9, 2020
Pet Liability Insurance 101

If you haven't heard of pet liability insurance before you are not alone. Pet owners who live in an apartment community may be of particular interest to this form of insurance. A pet has the potential to injure another occupant on the property and you certainly will want to have some sort of personal protection. […]

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June 4, 2020
Colorado Warranty of Habitability

The Colorado Warranty of Habitability is a statute that outlines conditions that a property must meet in order for it to be considered fit for human habitation. This statute was established in 2008 to protect tenants from unscrupulous landlords. Since then, there have been a few updates and changes made to the document, with the […]

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May 22, 2020
Renting To Relatives: Tax Implications You Should Know

So you’re thinking of renting to relatives and want to know the tax implications After all, it’s something that seems to make perfect sense. Your child; or maybe it’s your mother or a cousin needs a place to stay and you have a rental property. If you were to let them live there rent-free, or […]

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April 12, 2020
Understanding Cap Rate-Capitalization Rate

Capitalization Rate or “Cap Rate” is a ratio used by real estate investors to determine the desirability or profitability of a specific property. This ratio compares the relationship between the property value and the potential income that property may produce as if you had paid cash for the property. While there are certainly more sophisticated […]

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March 7, 2020
Home Warranty for Rental Property: Is It Really Worth It?

If you are a landlord, then you are all too familiar with the frustration that comes when you find out that the heater has gone out at your rental unit, or that there’s a leak –yet again. If you’re tired of the frustrations that come from dealing with breakdowns, and costly repairs eating into your […]

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January 5, 2020
Emotional Support Animal Laws: Know Your Rights and Requirements

While landlords are usually free to allow, or ban pets from their rentals, and are well within their rights to do so, there’s one very important exception to this rule that landlords should know about: assistance animals. It is critical for landlords to understand the emotional support animal laws and how it pertains to their […]

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December 10, 2019
Rental Property Depreciation

When it comes to investments, real estate can offer some solid benefits. Property appreciation, tax breaks such as rental property depreciation, and recurring cash flow can turn your property into a money generating investment. You can take advantage of these benefits whether you use a Property Management company or self-manage your own rentals. In many […]

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December 1, 2019
Security Deposits in Colorado: What You Should Know

In an ideal world, security deposits wouldn’t exist. Tenants would move into a rental – and look after it with the best of care. They would always pay the rent on time, and continually abide by the terms of the lease, unfortunately, though, things don’t always work out this way. Things happen and mistakes are made. […]

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October 30, 2019
5 Essential Property Management Tips for New Landlords

There are a number of reasons why you might consider becoming a landlord in Colorado Springs or anywhere in El Paso County. Maybe you’re downsizing to a smaller property, but still want to maintain your current home for income. Perhaps you’ve found a great deal on an income-producing property and are planning to use the […]

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September 30, 2019
The 3 Day Eviction Notice: What Landlords Should Know

When it comes to rental property, there’s a lot that you can do upfront to help ensure that you’ll be in for a smooth and relatively stress-free journey. To prepare for the worst, it is essential for every tenant and landlord to understand the 3 Day Eviction Notice and how the eviction process works. Important […]

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September 28, 2019
Rental Property Tax Deductions: Operating Expenses

For most landlords, being able to deduct operating expenses can make a big difference on the amount of tax that they owe. Understanding the rental property tax deductions can be complicated, but well worth the time. But when it comes to fully utilizing those rental property tax deductions, that’s where many landlords struggle. After all, […]

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September 25, 2019
Rental Property Tax Deductions

As the proud owner of rental property, there’s a good chance that you know about and are already using one of the most well-known and popular tax deductions available to landlords: Repairs are a much-loved deduction, and for many landlords, they represent a significant saving come tax time. They’re popular thanks to their value, as […]

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September 25, 2019
Landlord Tax Deductions: What Every Landlord Should Know

Taxes aren’t exactly something that we look forward to, but for landlords and real estate investors, at least, there may be some reason to rejoice. If you own rental property, there are landlord tax deductions that can help you out. The tax code tends to favor real estate investors and having rental property can open […]

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July 10, 2019
Colorado Springs Rental Statistics for Q2 of 2019

After three consecutive down quarters, the Colorado Springs Rental Market experienced some nice gains for the second quarter of 2019. The overall volume of rentals is up nearly 41% for all of El Paso County in the Second Quarter of 2019. Q2 is traditionally a strong quarter but this kind of jump is significant. Average […]

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