6 Tips on How to Make Your Home Into a Rental

So you’ve probably already calculated what you thought your home could currently rent for if you are anything like me. Denver is one of the top five cities in the US to own a rental and to be a property owner! People are moving here in droves and while the market may have some softening lately, overall it is still extremely strong and stable. Having a rental is a great way to build your financial empire.

While you may be thinking of renting your home, be aware that renters will not take care of your home as well as you would. They may still be responsible renters, they just may not always keep your high needs garden in tip-top shape or make upgrades to your property without hesitation as you would.

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Does Credit Score Matter When Trying to Lease? How does your credit stack up as a tenant?

Obtaining a rental lease usually requires at least fair credit.

For those unable to purchase a home because of a lack of funds or poor credit, renting is the obvious alternative to home ownership. However, landlords often perform a credit check prior to renting their homes. Generally, when looking for a rental, a credit score in the low 600s is a minimum requirement.

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As a DIY Landlord, Are You Asking the Right Questions to Your Prospective Tenant?

As a property management company, we ask tenants the important questions, but we also follow up with the proper credit checks and background reports. Are you asking these important items if you are trying to do property management on your own?

When interviewing prospective tenants, there are some questions you should ask to help determine if the tenant will be a good fit for your property. These qualifying questions can be asked over the phone. If the prospective tenant does not meet your qualifying standards over the phone, it can save you the time of physically having to show the property. It is important that you have the same qualifying standards for all tenants so you are not accused of discrimination.

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Is Lack of Organization Keeping you from Renting your Property?

At All County Denver Metro Property Management Company, we understand you are busy! We have recently discovered Sarah Krivel who owns Simpler Surroundings, a company that specializes in doing personal organization for those who have acquired too much “stuff” or do not have enough time to organize it. Is a cluttered residence keeping you from renting?? We find this all too often. A property owner has a home to rent out but they cannot seem to declutter it.

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What is in an All County Denver Metro “Make Ready”?

At All County Denver Metro Property Management, we have what is called a “Make Ready” that is included in your leasing fee. When we are fortunate enough to take on a new owner’s property for rent, we want to make sure it goes to a tenant as quickly as possible. Perhaps the previous tenant that you had left you with a mess? We will help clean up your investment. We will contract the most qualified vendor who is licensed and insured, to bring your rental property into tip-top shape and will find the most value for your budget for the fix-up.
So, not only does the leasing fee does it cover the advertising, paperwork, showings, application process and screening, but it also covers getting your property into the best condition to maximize your profit. Check out some of our work on the property owner’s behalf: