By Marc Cunningham - Friday, August 25, 2023

SB 23-184 Landlords May No Longer Consider Credit Score On Some Applicants

SB 23-184 Landlords May No Longer Consider Credit Score On Some Applicants Key points:No more credit score considerations: New Colorado legislation restricts landlords from using credit scores in some cases, redefining tenant evaluation norms.Security deposit and income limits: The bill sets a cap on security deposits and maximum income requiremen...

By Marc Cunningham - Monday, July 24, 2023

Colorado Landlords Must Now Accept Tenant-Provided Background Reports: SB23-1099

Key Points:The new law becomes August 7, 2023The tenant can provide Portable Tenant Screening Reports to the landlordInability to follow correctly can result in up to $2,500 in fines, plus attorney feesSenate Bill 23-199, recently passed legislation in Colorado, will significantly impact tenant screening in Colorado. Whether you are a landlord or a...

By Marc Cunningham - Wednesday, July 5, 2023

Evictions get more difficult in Colorado

Key PointsGovernor Polis has signed HB23-1120 which dramiatically change evictions in Colorado.The stated purpose of the bill is to protect tenants who receive public rental assistance.Mediation must now be done before any eviction can take place for tenants who receive public assistance. Governor Polis has signed into effect HB23-1120. This new bi...

By Marc Cunningham - Wednesday, June 7, 2023

Colorado Supreme Court rules CARES Act still applies in Colorado

Colorado Supreme Court rules CARES Act still applies in Colorado - resulting in delaying the eviction process for tenants and landlords. Key Points:CARES Act was passed in March 2020CARES Act “Notice” provision only applies to covered propertiesAlthough the CARES Act has expired, the Colorado Supreme Court ruled that the Notice provisio...

By Marc Cunningham - Wednesday, April 26, 2023

How the Banking Disruption Impacts Real Estate Investors

Key Points: Several regional banks have recently faced financial disruptionsTwo important questions to ask your property management company FDIC insurance covers $250,000 per beneficiary Recently the regional banking sector has faced a sudden disruption in the financial system. This is due to many factors including a sudden loss of confidence ...

By Marc Cunningham - Friday, March 31, 2023

Why Landlords Should Allow Pets

Key Points:70% of tenants own petsYour property will experience more turnover if you don’t allow petsYour property will stay vacant for longer if you don’t allow pets A question we often hear from landlords and real estate investors is “should I allow pets in my rental property?”. We understand that having an animal in...

By Marc Cunningham - Tuesday, February 21, 2023

Why Tenant Rent Delinquencies Will Increase In 2023

Why Tenant Rent Delinquencies Will Increase In 2023 Key Points:Rental assistance funds for tenants have closedInflation rates are causing rents to increaseLegislation designed to protect tenants is impacting landlords ability to enforce rent collection If you are a real estate investor in Colorado, you should be ready for a challenging year managin...

By Marc Cunningham - Monday, February 6, 2023

Denver Rental Licensing Requirement (Update & New Rule)

Key PointsThis applies to all rental properties located in Denver County Licensing requirements starting January 1st, 2023New rule: Licensing numbers must show on all advertisements Last year Denver County passed a rental licensing requirement that must be followed by all Denver county rental investors. This licensing requirement applies...

By Marc Cunningham - Thursday, December 22, 2022

Colorado Rental Assistance Fund is Closed

Key points:Colorado Rental Assistance Fund is Closed as of November 15, 2022A total of $466 million was provided to tenants Denver, Larimer, and Boulder counties still have remaining funds Colorado renters that were financially impacted by COVID during the past 2 years were able to apply for rental assistance through the Colorado Rental...

By Marc Cunningham - Wednesday, November 23, 2022

Will Rents Increase in Denver in 2023?

Key PointsRental supply is not increasingRental demand is slowingRental rates may decline This is an ongoing question for both the Denver rental market and the entire Colorado market. As rents have continued to accelerate over the past years, 2023 has brought more questions about what will happen next. There are a few indicators that will help us f...