Colorado Weather can be hard on your homes! The ice, freezing, thawing and general “wetness” of the winter are hard on your exterior. Springtime is a time of renewal and let that be your inspiration to give your home some new energy. Even if you have a property management company, you can also do these inspections for peace of mind.
As with many areas in the United States, rental demand continues to climb in the Denver Metro area. The latest data from the Federal Reserve suggests that now is a great time to be a property owner since during the last three months of 2015 property owner’s rental income added up to about 4.3 percent of the U.S. national income. Meanwhile, key takeaways from the “Emerging Trends in Real Estate” report published by the Urban Land Institute and pwc has us looking forward to successful investments for properly managed rental assets.
Believe it or not, there are up to 80 million people between the ages of 16 and 29 who will be filling your vacancies in the year ahead. They are often called “Generation Y.” Also known as the “Echo Boomers”, they are the children of that other gigantic demographic, The Baby Boomers (those born between 1946 and 1964). Born between 1981 and 1995, they’re already having a huge impact on entire segments of the economy. And as the population ages, they will become the next dominant generation of Americans. So whether you call them “echo boomers,” “Generation Y” or “millennials,” they already comprise nearly a third of the U.S. population, and currently, spend $180 billion a year of their own and their parents’ money. They are a force to be reckoned with and not to be ignored.