By Marc Cunningham - Thursday, January 21, 2021

The 4 Most Common Mistakes Landlords Make When Hiring a Property Management Firm

Key PointsProper research is necessary in order to find the property management company that best aligns with your needs.Quality and trust should be your highest concern when researching property management companies, not cost.A good property manager should increase your income while decreasing your costs. Hiring a property manager takes a lot...

By Marc Cunningham - Wednesday, January 13, 2021

How Much Does Professional Property Management Cost?

Key PointsWhen hiring a professional property manager to manage your property, real estate investors will incur different fees. A good property manager will save you money over time, while a bad one will cost you money. Real estate investors should do their due diligence and properly vet potential property management companies to manage a...

By Marc Cunningham - Friday, January 8, 2021

Five Questions To Ask Before Hiring A Denver Property Management Company

Key PointsInterviewing prospective property management companies is in your best interest as a Denver property owner to help avoid potential conflicts in the future. Ask specific questions that give you insight into the property management company's business model. The Denver property management company works for you, the real estate investor...

By Marc Cunningham - Monday, December 21, 2020

Do I Need Special Assessment or Loss Insurance for My Rental Condo?

If I own a rental property that is a condo or townhome - is there any special type of insurance I need to have? If you own a rental property that is a condo or townhome - you have a unique risk because the property is part of a home owners association (HOA). This risk is defined in the declaration page of your homeowners association document a...

By Marc Cunningham - Saturday, November 21, 2020

Four Things to Avoid When Buying A Rental Property

Before investing in a rental property, knowing what to avoid is just as important as knowing to look for. In this post, we share four aspects of rental properties you should avoid before making your real estate investing decision.One BedroomOne-bedroom rental properties often mean the property is a townhome or condo, not a single family home. If ...

By Marc Cunningham - Monday, October 19, 2020

Is Now the Time to Sell Your Denver Rental Property?

As we approach the end of 2020, and with the COVID-19 pandemic still in full force, many Denver real estate investors are asking this question in the midst of chaos: “Is now the right time to sell my Denver rental property?” To answer this question we offer four considers for every real estate investor:1. Interest Rates are at All Time...

By Marc Cunningham - Monday, September 21, 2020

The Eight Most Important Parts of a Colorado Property Management Agreement

If you are considering hiring a property management company to lease and manage your Denver rental property, you should do your research including a review of the property management agreement. This legal document defines the legal relationship between the property owner and the property management company and outlines the obligations of each party...

By Marc Cunningham - Thursday, August 20, 2020

Should You Let Your Tenant Do Their Own Repairs?

If you’ve been a landlord for any period of time, you’ve likely received your fair share of tenant calls requesting a repair that needs to be addressed at your property. Sometimes, tenants offer to make the repair on their own with the request they receive a deduction to their rent. This raises the question, “should landlords all...

By Marc Cunningham - Tuesday, July 21, 2020

The Rental Expense Landlords CAN’T Deduct on Their Taxes

As a real estate investor you want to maximize your tax benefits and write-offs, as well as avoid costly mistakes. The IRS has very specific rules regarding which expenses can be fully deducted from your taxes at the time of billing, and which expenses need to be deducted over time. Here’s a quick overview of the difference between a tax ded...

By Marc Cunningham - Saturday, June 20, 2020

Four Ways Colorado Landlords Can Improve Rent Collection

In an ideal world, your tenants will always pay the full rent amount by the due date, but as you likely know, this doesn’t always happen. As a Colorado landlord, you want to make sure that you’re collecting the highest percentage of rent that is due to you from your tenant. Below are four ways you can improve your rent collection today...