Landlord 101: The Costs of DIY Property Management in Lakewood
By Susan Melton - Friday, October 1, 2021
Smart investors understand the value of professional property management in Lakewood. Yes, there are management fees involved but the money you save on long vacancies, expensive legal mistakes, and evictions and property damage due to bad tenants more than make up for the cost. P...
How Long Does It Take to Find a Tenant? Lakewood Property Management
By Susan Melton - Friday, September 3, 2021
No one likes a long vacancy period, and finding a tenant quickly is important to your bottom line. A lot of Lakewood rental property owners ask us how long it will take to find a tenant and rent out their home. The frustrating answer is this: it depends.It depends on the market, ...
8 Questions to Ask When Hiring a Littleton Property Manager
By Susan Melton - Friday, August 6, 2021
When you’re looking for a Littleton property management company, it’s important to check into the company’s reputation for high quality customer service. You want an expert team that can effectively lease, manage, and maintain your rental property.After you&rsqu...
Warning Signs to Beware of When Screening Lakewood Tenants
By Susan Melton - Friday, July 2, 2021
If you’ve been renting out a Lakewood property for any amount of time, you probably know what to look for when you’re screening tenants: credit history, criminal background, income, and prior rental references. But, do you know the warning signs of what could potentia...
What Does a Littleton Property Manager Do for Landlords?
By Susan Melton - Friday, April 30, 2021
If you have never worked with a professional Littleton property management company before, you might not know what to expect. Every property manager is a little different, but there are a few things that are standard across the industry.This is an industry that has invested a lot...
What Do Lakewood Landlords Need to Know about Rental Income Taxes?
By Susan Melton - Friday, March 26, 2021
Owning Lakewood rental property provides investors with a path towards short-term cash flow and long-term returns. It also comes with some tax benefits. While you will be required to report your rental income on your tax returns, you can also use several deductions that are uniqu...
The real estate sales and rental markets in Lakewood and surrounding Colorado communities are strong, and if you’re a homeowner wondering whether you should sell a property you’re leaving or rent it out, we can understand the dilemma. On the one hand, it might be nic...
How Much Do Lakewood Property Managers Charge? Tips for Landlords
By Susan Melton - Friday, January 29, 2021
The perceived costs of property management often cause owners to manage their own rental properties. Unless you have a lot of time, resources, and expertise to dedicate to your rental properties, this is usually a mistake. There’s a huge opportunity cost to not using a prop...
Different Ways to Buy Investment Property | Lakewood Property Management
By Susan Melton - Friday, December 25, 2020
There’s no one way to do things.That reminder extends to investing in real estate. Some investors get started in real estate accidentally. They inherit a home or they move out of the place they’re living in and instead of selling it, they wisely decide to rent it out...
In Colorado, there’s no limit on the amount of a security deposit landlords can collect. However, there are some strict regulations on how it’s returned and in what timeframe. This is an easy place to make a mistake, and those mistakes are often expensive. Tenant disp...