Investment Property Management: Don’t lose value with renters

Investment Property Management: Don’t lose value with renters

Are you concerned the condition of your investment property will deteriorate with renters?

investment property managementInvestment property management addresses one of the biggest concerns we hear from Denver property investors. Owners new to investment property worry about whether the condition of their rental home will go downhill once tenants move in. It’s definitely a valid concern, especially because many owners either lived in the house themselves, or put a lot of sweat equity into fixing it up, and don’t want to see it destroyed.

In addition to many other services, Legacy Properties-PM, a Denver property management company, can stay on top of keeping a property in tip-top shape. Their investment property management services may be the exact fix you are looking for.

Investment Property Management Strategy #1: Screening

The first reason you can be confident your rental property will be taken care of is an extensive screening process of prospective tenants. We don’t allow just anyone to move into your Denver rental home just because they happen to have some cash in hand. Credit and background checks ensure we find a renter who is responsible and will take care of the house as if it were their own.

This proactive investment property management approach makes sure you don’t start with clients who are more likely to cause damages.

Investment Property Management Strategy #2: Reviews

Secondly, our investment property management service includes periodic reviews. This makes sure small items don’t become bigger ones. We make sure your property is well-taken care of. A monthly unannounced drive-by allows us to check out the exterior of the property. To a trained eye, there are things we can look for outside that will give clues as to how well the interior of the house is being cared for. Trash in the yard, lawn tools left strewn about, and toys all over the place can be a sign that tenants aren’t the best housekeepers.

An interior property review is done every quarter. With a 48 hour notice, tenants have time to clean, but not do any major repairs. This investment property management strategy allows us to assess whether there has been any damage beyond normal wear and tear. If there is, tenants are given a time period to take care of the situation. If it’s not taken care of, then we arrange with one of our local Colorado vendors to make appropriate repairs and we bill the tenants for the cost.

Investment property management can help keep value

Upkeep of a rental property is a valid concern, but with a tenant screening process in place and regular reviews by an investment property management company, you can rest assured that your house will be taken care of.

For more information on property management services in the Denver area call Legacy Properties-PM at 720.989.1996, or contact us.

5 Reasons to Hire a Member of NARPM as Your Property Manager

5 Reasons to Hire a Member of NARPM as Your Property Manager

If you own investment property, you know all the details that are involved with such an endeavor.

narpm_540x360Marketing your Denver Colorado rental property, choosing a quality tenant, collecting rent, enforcing the lease, and dealing with maintenance needs are just some of the things that need to be dealt with every day when renting a home in Denver. If you’re looking for a property manager to handle the details, be careful who you hire. There are several reasons why you should ask whether the person is a member of the National Association of Residential Property Managers (NARPM).

If you own a rental property in the greater Denver area, then a member of NARPM like Legacy Properties-PM can benefit you in many ways:

  1. Years of experience make them experts in all areas of property management.
  2. A broad knowledge of the economic climate of the Denver area
  3. Expertise involving legal issues, including landlord and tenant laws at the local and federal level.
  4. Market knowledge and experience translates into more profit for you as a Denver Colorado property owner.
  5. Professionalism at all times.

Yes, there are people out there who claim to be “property managers,” but who are really just looking for a quick buck. They may be able to take care of some of your responsibilities, but others will still fall on your shoulders, and they probably have no knowledge of local economic factors and legislation involving rental properties.

If you’re looking for someone to manage your property rental home investment in a professional manner with little time or effort on your part, then contact us. Not only are we a member of NARPM, but we have years of experience managing our own properties, building our Aurora Colorado family’s property legacy, and we can do the same for you.

Call Legacy Properties-PM at 720.989.1996 or contact us.

Dread Getting a Maintenance Call from a Residential Tenant? A Property Management Company Can Help

Dread Getting a Maintenance Call from a Residential Tenant? A Property Management Company Can Help

As a Denver Colorado landlord, you have a lot of responsibilities.

Whether you’re advertising a vacancy, evicting a tenant, or something in-between, there’s never a dull moment. For many income property owners, getting a call from a tenant about a maintenance need makes the blood pressure rise, but it can be taken care of by a residential property management company like Legacy Properties-PM.

Things never break at a good time. The refrigerator bites the dust right after the tenant fills it with food, and the furnace always goes on the coldest night of the year. Sometimes maintenance needs can wait a day or two, and other times they are urgent. Either way, if you’re the landlord you’ve got to figure it out.

If this situation stresses you out, hire Legacy Properties-PM, a Colorado property management company.

The tenant calls them to complain about whatever is not working, and evaluates its urgency. Then they find the right person to get the job done. Depending on whether you need a plumber, electrician, or roofer, we know the best in the business, who will do the job right the first time for a fair price. All the contractors we work with are licensed, insured, and bonded so you have no reason to worry.

Things break. It’s a fact of life, and unfortunately, if it’s just basic wear and tear it will cost you some money. But with a property management company you don’t have to drop everything to take care of a maintenance call that may or may not be an emergency. If you own an investment property in the Denver and Aurora area and would like to team up with a property management company, contact us. We can take care of maintenance in addition to advertising, screening tenants, collecting rent, and keeping financial records. Being a landlord suddenly just got a lot easier. So, stop thinking you need to handle all of those maintenance calls on your rental property yourself. We will take care of them for you, make you feel at easy, and fully manage your Colorado property Legacy. Call 720.989.1996  or contact us.

 

Free Property Assessment

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Avoid a $2000 fine from the city for code violations with our Property Management in Colorado

We KNOW all of the codes and laws in Colorado for Real Estate and Property Management.

We help our clients defend against code violations from the city county and state of Colorado.

There are over 10 to 20 city codes that when violated you can be fined for just on the outside of your home or rental property.

Everything from illegal parking of a vehicle, not having your weeds trimmed, and even having your seasonal decorations up to long can lead to a hefty fine.

When you choose Legacy Properties-PM to manage your property, we do monthly drive by reviews and can usually catch these city code violations before the city code inspector even notices.

We even have a really good relationship with the city inspectors. So much so that occasionally they will call us when they spot a violation before reporting it.

Peace of mind in property ownership and rental property in Denver and Aurora Colorado.

That’s Legacy Properties-PM

Property Management Company

Denver | Aurora | Colorado

We show your Colorado properties one on one to your tenants in Colorado

Does your property management company take the time to show each of your tenants your property one on one?

We do.

Most real estate agents will do an open house on your rental property in Colorado and just let people wander aimlessly around and do nothing to really get the property rented to one of the people who show up.

OR

The real estate agent will put a lock box on the door and have another agent give your potential tenant a tour of your property.

We usually have your property rented within a week or two from when you decide to use our property management service.

We advertise on about 270 websites and we do video tour advertising through YouTube and Vimeo.

You can see an example of our video advertising for one of our clients below.

We act as your real estate agent in a way that most do not, and personally give your potential tenant a tour of your property.

We ask your tenant about what their real needs are and match them to the benefits of your home for rent.

Taking your tenant through the rental application process step by step also helps speed up the process of having your property rented and raising your income level sooner.

And then we go even further to ensure that your property will be well cared for.

Legacy Properties-PM will personally interview your tenants as well and run complete background checks even calling and asking previous landlords and employers about the character and reliability of your tenant.

By taking your tenant on a tour of your property, we are able to make them feel that we are in a professional environment and that your property is and will be taken care of.

Your tenants will appreciate it, and so will you.

 

Call 720 989 1996 or fill out our property management form and lets grow your Colorado property investment legacy.

Does Your Property Management Company check previous Landlords and Employers?

A good property management company knows having a great tenant who will keep your property clean and undamaged is very important to you.

Having a great tenant is important to you as a property owner. Legacy Properties can help with your rental properties in and around Denver and Aurora, Colorado.

A Different Type of Property Management Company

Unlike a property management company who will rent your property in Colorado to the first interested tenant, we make sure they are GOOD tenants. We actually search, find and interview your potential tenant’s previous employers and landlords to be sure your new tenant will…

  • Keep your property in good shape
  • Keep your property clean
  • Pay all rents and fees on time

By actually contacting previous employers and landlords, we find out if:

  • They have good relationship with their previous landlord
  • They are actually employed by the company they say they are

and most importantly as a Property Management company, we will determine that your new tenants are responsible and mature adults.

Isn’t that the goal with hiring a property management company in the first place?

A simple background check is just not enough. It is helpful to know about arrest warrants and criminal records, but isn’t it important to know about their ability and willingness to pay?

The eviction process is not something you want to go through, and the easiest way to avoid it is to use a pro-active screening for that type of information. By checking with previous landlords, we can see what their relationship was while living there. Doesn’t a good relationship mean they also paid?

An employment check means we are able to determine if they are currently employed as they say they are. We would never place a tenant who did not have the means to pay rent!

You can trust and will feel at ease with Legacy Properties. We are a property management company who will protect your legacy by finding quality tenants for you in Colorado.

Period.

720 989 1996

aurora property management

Can you trust your new tenant?