Blog Archives

SB20-108: New Requirements for Landlords and Property Managers — Postpone Indefinitely

SB20-108: New Requirements for Landlords and Property Managers — Postpone Indefinitely
December 15, 2020    Author: Cristina Twigg     Category: Legal, Legislation, News    No Comments

**House Committee on Business Affairs & Labor Postpone Indefinitely** Managing relationships with tenants is a crucial part of any landlord or property manager’s day-to-day. It’s important to safeguard your investment, of course, but equally as important to ensure your tenants feel safe, appreciated, and protected. One way landlords and property managers can keep their investment and tenants safe, is to…

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Updates to Colorado Renting Laws – Application Fees

Updates to Colorado Renting Laws – Application Fees
December 31, 2019    Author: Hossein Tolooee     Category: Investing, Investor's Corner, Investors, Landlords, Legislation, News, Owners, Property Management    No Comments

In the 2019 Legislative session, Colorado Congress passed several laws relating to rental properties. We’ll cover most of them over the next few months but we’ll start with HB19-1106 (Rental Application Fairness Act). This bill sets regulations on the process of charging application fees. This is a standard practice among landlords and property managers, but the bill seeks to create…

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Ways to Use Technology to Improve the Tenant Experience

Ways to Use Technology to Improve the Tenant Experience
October 30, 2019    Author: Hossein Tolooee     Category: Investor's Corner, Investors, Landlords, Property Management    No Comments

Having long-term tenants means you spend less on vacancy, marketing and repairs. The key is to keep your tenants happy to benefit your business. Here are a few simple things to implement now to improve the tenant experience and work towards longer term renters. Accept Rent Online With the rise of peer-to-peer money exchanging apps, online bill pay and the…

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Why Hiring a Property Manager Can Help You Make More

Why Hiring a Property Manager Can Help You Make More
September 29, 2019    Author: Hossein Tolooee     Category: Uncategorized    No Comments

So you took the plunge and invested in a rental property, now what do you? Managing a rental for the first time can feel overwhelming, which is why it can save you time, money and stress to hire a property manager to do it for you. Here are 6 reasons to hire a property manager: Screening applications All landlords will…

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Should you allow your tenants to sublease?

August 30, 2019    Author: Hossein Tolooee     Category: Investing, Investor's Corner    No Comments

The jury is out in the property management world on whether or not it’s a good idea to allow tenants to sublease your property. This is for good reason as subleasing comes with many complexities regarding maintenance requests, property access and reliability of tenants. As a landlord, you get the final say on whether or not to allow subleases. Here…

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Quick Tips to Fill Properties With Fewer Showings

Quick Tips to Fill Properties With Fewer Showings
July 31, 2019    Author: Hossein Tolooee     Category: Investor's Corner    No Comments

Are you tired of showing your rentals and not getting a bite? Even in a busy market with low vacancy rates, renters are often picky about where they are living and who they are giving their money to. Here are 5 maintenance tips to help your units make a strong first impression: Improve Curb Appeal Make a strong first impression…

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Digital Vendor Reviews and the Importance of Relationships

Digital Vendor Reviews and the Importance of Relationships
May 31, 2019    Author: Hossein Tolooee     Category: Investing, Investor's Corner, Investors, Landlords, Owners, Property Management, Tips    No Comments

A recent article in The Denver Post exposed poor business practices regarding the ranking and promotional system at Angie’s List. With Angie’s List being known as a trusted source for quality vendors, this news leaves many landlords scrambling for where to go now. The article explains how the ranking of “top-rated pro” was only given to companies who paid Angie’s…

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Hire a Property Manager to Streamline Property Ownership

Hire a Property Manager to Streamline Property Ownership
April 29, 2019    Author: Hossein Tolooee     Category: Investors, Landlords, Property Management    No Comments

As a real estate investor, you have a lot of plates to juggle. Managing rentals can feel overwhelming and hard to keep up with. The many details involved in managing a rental are intricate and best handled by a property manager saving you time, money and stress. Here are 7 reasons to hire a property manager: Keeping you in compliance…

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Continued Increase for Denver Area Rents

Continued Increase for Denver Area Rents
March 29, 2019    Author: Hossein Tolooee     Category: Investing, Investor's Corner, Investors, Landlords, Owners, Property Management    No Comments

Since 2010 national rents have, on the whole, continued to steadily increase. This trend didn’t change in 2018 and we saw a year-over-year increase of 3.1% from December 2017 to December 2018 according to CoreLogic. The Denver area was above this pace. According to Rent Jungle, rents in the area increased by 4.18% year-over-year. In Denver proper, the average rent…

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Ways to Fund the Purchase of Your First Investment Property

Ways to Fund the Purchase of Your First Investment Property
February 27, 2019    Author: Hossein Tolooee     Category: Home Buyers, Investor's Corner, Investors, Landlords, Owners, Property Management    No Comments

If you’re looking to get into the game of real estate investing, you have a few choices for financing. Ideally, purchases are made with cash but that’s not realistic for most first time investors. This means you’ll likely be taking out of a loan of some kind, but what’s the best fit for you? Here are 4 different ways to…

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5 Tips to Help Real Estate Investors to be Successful

5 Tips to Help Real Estate Investors to be Successful
January 29, 2019    Author: Hossein Tolooee     Category: Investing, Investor's Corner, Investors, Landlords, Owners, Property Management    No Comments

It’s easy to enter the world of real estate investing, it really just takes the purchase of one property. However, there is plenty of room for mistakes along the way. It’s important to carefully consider all your expenses, stay organized and plan ahead to truly make this worthwhile. Here are 5 tips all new real estate investors need to know:…

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5 Things You Should Not Have in Your Tenant Lease

December 29, 2018    Author: Hossein Tolooee     Category: Investors, Landlords, Property Management    No Comments

We understand that it’s tempting to manage properties on your own. While it can quickly get overwhelming, for many people it’s easy enough to manage maintenance requests and other such tedious tasks associated with being a landlord. One thing we highly encourage you never to do alone is drafting leases. A poorly written lease can leave you empty handed in…

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A Slight Dip in Denver Area Rents + A Suburban Rent Boom

November 29, 2018    Author: Hossein Tolooee     Category: Investors, Landlords, Property Management    No Comments

According to Apartment List, there was a .2% decrease in rent prices for 2 bedroom units from September to October 2018. The good news is that even with the drop in prices, rents have still risen 1.2% since the same time last year. As a real estate investor, you’ve invested in the right market. Interestingly, the Denver Metro area has…

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Ways to Use Technology to Improve the Tenant Experience

Ways to Use Technology to Improve the Tenant Experience
October 24, 2018    Author: Hossein Tolooee     Category: Investor's Corner, Investors, Landlords, Property Management    No Comments

Having long-term tenants means you spend less on vacancy, marketing and repairs. The key is to keep your tenants happy to benefit your business. Here are a few simple things to implement now to improve the tenant experience and work towards longer term renters. Accept Rent Online With the rise of peer-to-peer money exchanging apps, online bill pay and the…

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Amenities You Should Feature to Get More Attention

Amenities You Should Feature to Get More Attention
September 30, 2018    Author: Hossein Tolooee     Category: Investor's Corner    No Comments

Despite the luxury housing trends of lazy rivers and game rooms, it doesn’t take much to attract good tenants to a unit. Most renters aren’t looking for all the bells and whistles, they’re just looking for a place to live that fits their budget. Simple amenities that may feel basic can be a big draw. Here are 5 simple amenities…

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Landlord Tips: Habits to Help You Be More Successful

Landlord Tips: Habits to Help You Be More Successful
August 31, 2018    Author: Hossein Tolooee     Category: Investor's Corner    No Comments

The life of a landlord and real estate investor is busy and can be stressful if you let it. Working with a property manager can help keep your life manageable, but you still need to adopt a few habits to keep things in order. Successful real estate investors have many of the same qualities, here are a just a few…

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Important Summer Property Maintenance

July 31, 2018    Author: Hossein Tolooee     Category: Investor's Corner, Property Management    No Comments

Summer is one of the busiest seasons for real estate, rental units included. With kids being out of school and the weather looking nice, it’s a great time to move. With all the business of move-in and move-out inspections, it can be hard to find the time to complete basic summer maintenance on your properties. It’s important to keep your…

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Avoid Design Trends and Save Money When Renovating Rental Property

Avoid Design Trends and Save Money When Renovating Rental Property
June 28, 2018    Author: Hossein Tolooee     Category: Investor's Corner, Investors, Landlords, Owners, Property Management    No Comments

Home design goes through just as many fads and changes as fashion. Renovations to your rental property are inevitable, but following trends can end up costing you money in the long run. A trendy unit will be highly marketable for a bit but will quickly feel out of date. Here are a few current trends to avoid during your renovations:…

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BuildSmart Regulations in Boulder County

May 29, 2018    Author: Hossein Tolooee     Category: Home Sellers, Investor's Corner, Ordinance, Property Management    No Comments

Boulder County implemented BuildSmart regulations a few years ago and since then they have been tightening and perfecting the requirements for new developments. These building regulations are part of Boulder County’s Sustainable Energy Plan. All new developments in unincorporated Boulder County are required to follow BuildSmart regulations. Outside of the actual materials and inspection of the completed building, the BuildSmart…

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5 Simple Tips to Help You Keep Good Tenants

5 Simple Tips to Help You Keep Good Tenants
April 30, 2018    Author: Hossein Tolooee     Category: Investor's Corner, Investors, Landlords, Owners, Property Management, Tips    No Comments

Vacant units are expensive. Not only are you not bringing in rent while a unit is vacant, you also incur costs marketing it and finding new tenants. Instead of losing money to vacant units, work to keep good tenants around. It doesn’t take a lot to keep most tenants happy and it can save you a lot in the long…

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5 Aspects to Setting the Right Rental Price

5 Aspects to Setting the Right Rental Price
March 27, 2018    Author: Hossein Tolooee     Category: Uncategorized    No Comments

When you have a rental property, setting the right price can be the difference between having a vacant unit for months and having a waiting list of tenants. It’s important to find the sweet spot so you attract the type of tenants you want without losing money because of vacancy. So how do you find the right price? Here are…

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Common Move-In/Move-out Misunderstandings

Common Move-In/Move-out Misunderstandings
February 26, 2018    Author: Hossein Tolooee     Category: Investor's Corner, Investors, Landlords, Owners, Property Management, Tips    No Comments

There are a wide range of expectations when it comes to moving in and out of a rental. From the tenant to the owner to the property manager, there are a lot of people to make happy. So what should these walkthroughs cover and how can you manage the expectations? Here are 3 common misunderstandings for move-in and move-out walkthroughs:…

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Understanding the Common Reasons Tenants Sue

Understanding the Common Reasons Tenants Sue
January 25, 2018    Author: Hossein Tolooee     Category: Investor's Corner, Investors, Landlords, Owners, Property Management    No Comments

Tenants don’t sue often. Most times a landlord is threatened with court it’s an empty threat. But it does happen and it is rarely expected. Understanding the most common reasons for a lawsuit is the first step to avoiding them. Here are the 4 most common reasons tenants sue: Mishandled Security Deposit Laws about security deposits vary from state to…

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The Implications of Fannie Mae’s Investment in Invitation Homes

The Implications of Fannie Mae’s Investment in Invitation Homes
December 28, 2017    Author: Hossein Tolooee     Category: Investing, Investors, Landlords, News, Property Management    No Comments

Earlier in 2017, Invitation Homes, one of the nation’s largest Real Estate Investment Trusts (REIT) went public. In addition to gaining billions in the capital market, they received a $1 billion interest-only loan from Fannie Mae. This loan was met with a lot of questions and outrage. People are concerned about Fannie Mae’s involvement in backing a company that buys…

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Reasons to Turn Away a Potential Tenant

Reasons to Turn Away a Potential Tenant
November 29, 2017    Author: Hossein Tolooee     Category: Investing, Investor's Corner, Investors, Landlords, Owners, Property Management    No Comments

When you have a vacancy all you want is to fill it, and filled quickly but that doesn’t mean you should let just anyone in. Of course, you always need to comply with Equal Housing guidelines but there are plenty of reasons to say no to a tenant. It’s not worth having the risk of dealing with an eviction to…

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Tips for Handling Unimaginable Tenant Situations

October 26, 2017    Author: Hossein Tolooee     Category: Investor's Corner, Investors, Landlords, Owners, Property Management, Tips    No Comments

After a few years of working with tenants it’s likely you’ll have stories to share you never would have imagined. Despite tight screening things with a tenant can go wrong quickly. Maybe they lost a loved one, lost their job or are struggling with their health. Life happens and some tenants aren’t able to manage and start to go off…

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What Does it Cost to Sell Your Home?

September 11, 2017    Author: Hossein Tolooee     Category: Home Sellers    No Comments

When you’re selling your home your focus is often going to be on the bottom line, and how to maximize it. This generally leads you to focus on list price and potential inspection items you need to fix, but have you factored in the other costs of selling your home? It’s more than just Realtor commission, and while you will…

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