SHFRRetnia

For Tenants

ColoradoHouse Bill 24-1098

House Bill 24-1098: Understanding the New Rules

By in For Owners

Colorado House Bill 24-1098 represents a significant legislative step toward enhancing tenant protections and clarifying the responsibilities of landlords and property managers in Colorado.  The bill stipulates that evictions from residential properties must be supported by well-defined and documented reasons, aiming to prevent arbitrary evictions. This “for cause” eviction requirement is designed to provide tenants […]

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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

Portable Screening Reports – Colorado House Bill 23-1099 “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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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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utilities

Utilities for Rental Property: What Every Tenant Should Know

By in For Tenants

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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Can aLandlord look in my Bedroom

Can a Landlord Inspect Your Bedroom?

By in For Tenants

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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renters insurance

Understanding Renters Insurance

By in For Tenants

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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Carpet installation

Landlord Carpet Replacement Law

By in For Tenants

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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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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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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