At PURE Property Management of Colorado, we are proud of being a military-friendly property management company, and whether you’re an arriving military resident looking for a place to live or an owner who is preparing to rent out their home while leaving for a new station, we’re here to make sure that your rental experience is exactly what it should be.
We understand the unique challenges of military members and their families, and we’re here to help you navigate this market. Leverage our experience with the local rental laws, competing properties, and resident requirements.
We know what military families need, and we’re here to provide an outstanding experience, whether you’re an owner or a resident.
Here’s the type of Lakewood property management you can expect.
Property Management in Lakewood for Military Owners
If you’re a member of the military and you’ve received PCS orders to leave Lakewood and deploy elsewhere, a lot of details are going to need immediate attention. It’s stressful, even if you’ve done this dozens of times before.
What will you do with the home you own?
Selling might prove to be one extra thing you don’t want to worry about. With the market shifting and prices peaking, it may take more time than you’d like to sell the place you’ve called home while living here. Maybe you’d be better off renting it out?
There are some important benefits to renting out your property while you’re stationed elsewhere:
Consistent and Recurring Income
Lakewood has a strong rental market. This is due in part to the military presence here but also because we have been growing economically. Lakewood is becoming a popular destination for people who are seeking a higher quality of life. There’s new industry moving in and remote workers who can live anywhere while keeping their jobs are finding that markets like Lakewood, Colorado make sense.
Rents are stable, meaning you can count on a pool of qualified residents.
Having a resident move into your property leads to regular rental income, and that can go towards paying down the mortgage on your investment. You’ll increase the return you earn on your investment, and you’ll have some consistent cash flow coming in.
When you have good residents in place and a team of property managers helping you to maintain your home, you’ll be able to earn money on your property consistently.
Appreciation and Holding Onto your Asset
Did you enjoy living in Lakewood? Could you imagine a situation in which you’d move back, after you retire from the military? If you’re thinking about coming back here at some point once your service is over, you have an even greater incentive to hold onto the property and rent it out. Even if you have no plans to return to this part of Colorado, a rental property in Lakewood is always a valuable investment to have. Your asset grows in value the longer you hold onto it. As your rents increase, you earn more and more money over the long term.
Tax Benefits to Renting Out a Lakewood Property
You should also consider taxes. Selling may require you to pay capital gains taxes. Renting it out, however, will provide you some tax relief because you’ll be able to deduct mortgage interest, property management and other professional fees, as well as the cost of maintenance and repairs.
If you’re worried about becoming a landlord, that’s why we’re here. A local property management company can help you ensure that rent is paid on time and your property is protected. Look for a team like ours, who specializes in military personnel.
We will protect the value and condition of your property once you leave it in our experienced hands. Whether you’re coming back or not, you’ll earn money in both the short term and the long term when you rent out the home you own.
Lakewood Property Management for Military Residents
If you’re new to the area and preparing for military service here, you’ll have to think about where to live. Leasing homes to military families is important to us and we do everything we can to help ease your transition into the Lakewood area and your new home.
Most of our residents find themselves renting from outside the area, so if you’re relying on pictures and video tours instead of an in-person visit, we’ll make sure you have a good idea about what your potential property looks like before you sign a lease. Our team can provide an experience that’s as close to an in-person showing as possible.
We know military residents are not strangers to relocation. You have been through this before, and we won’t step on your toes by providing information on things you already know. You’ve likely turned on new utility accounts in dozens of cities and you’ve enrolled children in school more than once. Maybe your spouse needs to look for a new job, and you’ve done that before, too.
Know that we’re here to support you and provide all the resources that you do need. Our team wants to make your new house feel like a home as quickly as possible.
We deliver ease and simplicity to our military residents when it’s time to move in.
Because of our experience with military residents, we also know that there are unique challenges facing you and where you live. As with all of our tenants, we will expect your military residents to sign a one-year lease agreement. However, if you receive new PCS orders that take you out of town for an extended period of time, you’ll need the flexibility to get out of the lease.
We get it. We make sure our lease agreement reflects a process and a flexible exit strategy for residents who have to leave and have no control over their move-out date.
Our team is ready to handle any of the needs our military owners and residents have. Please contact us at PURE Property Management of Colorado, Lakewood property management experts serving residential landlords in West Denver and the surrounding areas, including Littleton, Golden, Wheat Ridge, Arvada, and more.
