Property owners who work with property management companies are at a distinct advantage, as they have someone working on their behalf to keep their properties in excellent condition and occupied by quality tenants. While a property management company can help with almost every aspect of your property, there are some things that property owners remain responsible for.
As a landlord, finding the right tenant for your property is one of the most important parts of keeping your property in good condition, rent and bills paid, damage minimal and your bottom line in the green. However, it is not always easy to find great tenants! Working with a property management company can take the stress out of the tenant search, but there are other ways you can use to increase your chances of a perfect match.
Whenever a tenant moves into your rental property, there’s a good chance that you require a security deposit. In a perfect world, these would not need to exist! Tenants would move into your unit, take exceptional care of it and always follow the terms of the lease. However, this is not always how things happen. A security deposit is one way to give you a sense of security and money that you can use to offset property damage or outstanding rent. At the end of the lease, should you deduct from it or return it?
The greater Denver area is a popular, fast-growing area, which means that competition for great rental properties can be fierce. As a landlord, you started renting your property to make a profit, and increases in your costs can leave you with the choice between making less profit or passing on some of the costs to your renters. What is a fair cost-of-living increase for your tenants?
At All County Denver Metro Property Management, we work with landlords just like you to find exceptional tenants who care for your property, pay rent on time and never bother the neighbors. During the screening process, we can use a broad range of tools to determine the quality of the tenant. Credit scores are a key part of the tenant screening process, but should they be the entire picture or just a piece of it at your rental property?