If you own investment property, you know all the details that are involved with such an endeavor.
Marketing 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:
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.
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.
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.
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.
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.
Collecting rent from your tenants in or near Aurora and Denver Colorado can be a difficult task especially if you do not have enough time or if you are a “nice guy”.
There are two avenues that you can pursue in getting your back rents paid.
The most common method is using an eviction notice.
Download the JDF 101 - Demand for Compliance or Right to Possession Notice
Fill out the form with all the tenants names that are on the lease and any other adults that are in the property.
Sign the bottom of the form.
Make two copies
One copy is served on the tenant by you the property owner or landlord.
The second copy is retained by the landlord.
The landlord or property owner fills out the bottom portion indicating how it was signed by you or the landlord.
After three full days following posting (the day after you serve the eviction notice is day one.)
Note: The third day can not be a weekend or holiday.
This form and two copies of the signed lease then need to be filed with the county court the property is located in.
The court will set a court date.
Then you need to serve the tenant with notice of the court date and a copy of the lease.
You will be required to show up in court, bring any evidence you have that you tenant in Aurora or Denver Colorado has not paid their rent and the Colorado County Judge will make his or her decision.
The court will give you the date that you can then contact the sheriff if the tenant has not already moved out.
If the tenant has not willingly moved out by this date, you will need to contact the sheriff. You will be given the date of the eviction and advised on how many people you will need to have present in order to clear the home of all personal belongings. Please note: The sheriff will not help you move any items within the house. You will also need to have someone there to change the locks at the same time. This is actually a requirement by the sheriff when conducting an eviction.
You now have possession of your property back, but it is up to you to collect any monies owed, the courts do not enforce this.
Some options for recovering your rent are to contact a collections company, writing a demand letter, or filing suit with the county court.
The standard eviction costs and average of three months worth of rent, and can prove to be very time consuming and stressful especially if you are a “nice” person and do not enjoy dealing with conflict.
You DO have another option for collecting rent from your tenants in or near Aurora and Denver Colorado.
Contact the tenant to discuss their missed rent. Ask them to provide you with a repayment plan that works for you while keeping their rents current.
By letting your tenant set up their own repayment schedule, they are more likely to not only get everything paid back, but to take even better care of your home.
Your tenant gets the feeling that you, the owner is giving them a second chance, and that is usually what anyone would ever want.
We have used this second method to get back $9,000 back for one of our management owner.
In total we have obtained over $15,000 for our property owners.
If you are a nice guy or do not have a lot of time and you are currently dealing with a difficult client who is behind on their rent, call 720 989 1996, or fill out our consultation form.
We will help you keep your tenant happy while protecting you from the hassle and stress of filing an eviction notice.
Marketing 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).
