Being a landlord means being subject to many different rules and regulations, whether you are governing the actual property itself or the interactions that you have with tenants. It’s important to understand the most common Denver landlord mistakes, even if you are working with an experienced property management company like All County Denver Metro Property Management.

4 Most Common Denver Landlord Mistakes

1. Not Making Repairs: Landlords are required to provide tenants with rental units that are livable. In the eyes of the law, this typically means properties should always have working and safe heating, gas, water, plumbing, roofing and other utilities. If you fail to properly maintain the property, the renter could front the cost of the repairs and deduct that cost from their monthly rent, extract themselves from the lease or even file suit against you.
2. Not Giving Full Disclosure: Landlords have to disclose a certain amount of information to any renters or potential tenants before signing the lease. These disclosures can vary depending on municipality, but the most common disclosures are those involving whether or not lead paint might have been used at the property in the past.
3. Discrimination: This is one of the most common Denver landlord mistakes, and many landlords do not even realize they are doing it. Federal and local laws are very strict. You cannot ask questions designed to discriminate or discriminate against tenants based on: color, race, disability (physical or mental), national origin, religion, sex, familial status, ancestry, creed, marital status or sexual orientation. That means that preferring a married couple living in the property over a single person could be discrimination and a serious one of the Denver landlord mistakes.
4. Not Working with a Property Management Company: This Denver landlord mistake is something we see every day. Maintaining properties is a lot of work, and many landlords find themselves swamped with responsibilities and tenant requests. We are proud to provide landlords with a convenient, helpful service that simplifies things like maintenance and rent collection so that your investment properties are an asset and not a liability.

Avoid Denver Landlord Mistakes with All County Denver Metro Property Management

All County Denver Metro Property Management offers all property owners in Golden, Arvada, Wheat Ridge, Commerce City, Thornton, Westminster, North Denver and Brighton competent and honest property management services. From rental market evaluation to tenant placement, we can assist with all of your needs. Call us at (720) 575-6100 for a free quote.