SHFRRetnia

For Owners

Landlord duties

Understanding Your Legal Duties as a Landlord

By in For Owners

“Landlord Duties” are a landlord’s legal responsibilities. These duties encourage tenant safety and legal protections while promoting the standards of the community where the rental property is located. As a landlord, you should understand how these obligations work to avoid legal trouble. Understanding a Landlord’s Legal Duties and Compliance A landlord’s legal duties encompass responsibilities […]

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  • eviction
  • posting eviction notice

Understanding Our Rent Collection and Eviction Policies: A Comprehensive Guide

By in For Owners

Effective rent collection is key to successful property management and directly influences your investment’s profitability. Late or missing rent payments can lead to difficulties for property owners. Many owners and investors turn to a property management company to prevent these issues. The effectiveness of a property management company hinges on its policies, procedures, and how […]

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portable screening

Understanding Colorado House Bill 23-1099 or “The Rental Application Fairness Act”

By in For Owners

The “Rental Application Fairness Act” (Colorado House Bill 23-1099) introduces significant changes to the rental market in Colorado, particularly affecting homeowners and property managers.  This law simplifies and adds transparency to the rental application process. It mandates landlords accept portable tenant screening reports, which are reusable for multiple property applications, thereby reducing the financial burden […]

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perspective

Navigating Senate Bill 23-184: A Property Management Perspective

By in For Owners

The residential property management field is continually shaped by evolving legislation, and the recent passage of SENATE BILL 23-184 in Colorado is a prime example of such a transformation. This legislation introduces changes directly affecting how properties are managed, particularly regarding tenant vetting and financial requirements. As a professional property manager, it is imperative to […]

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pets

Colorado House Bill HB 23-1068 How Does This Impact Landlords?

By in For Owners

As we enter the new year, property owners and landlords must be aware of significant legislative changes in Colorado’s rental and property management sector. These changes, primarily aimed at enhancing tenant fairness, mark a substantial shift in the legal landscape. For landlords, understanding the implications of these changes is crucial. The new regulations necessitate adjustments […]

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Reasonable accommodations

Rental Property Reasonable Accommodations and Modifications

By in For Owners

Understanding reasonable accommodations and reasonable modifications is essential for landlords navigating today’s multifaceted housing market. These terms describe the changes a landlord or housing provider may be required to make—either to policies or physical features—that make residential spaces more accessible for individuals with disabilities. Comprehension and compliance with these terms isn’t just a moral duty; […]

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  • leaselisting
  • lease listing agreement

Managing Your Investment: How Lease Listing and Property Management Agreements Protect You

By in For Owners

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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section 8 housing

What is Section 8?

By in For Owners

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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good property manager

How to Find a Good Property Management Company

By in For Owners

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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3x

Understanding the 3X Rent Rule

By in For Owners

Since this article was first published, there have been updates in Colorado’s property laws. In 2023, the state legislature passed Senate Bill 23-184, which modifies the income-to-rent ratio for tenant qualification. Previously, the standard was that a tenant’s income should be at least three times the annual rent (3X rule). However, in Colorado, this has […]

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  • eviction
  • colorado eviction process

Understanding The Colorado Eviction Process

By in For Owners

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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