Aurora Property Management
What you need to know about Aurora property management and real estate investing
When you partner with a property management company you are literally handing them the keys to the front door of your real estate – BE CAUTIOUS!
There is only one Colorado property management company that offers:
the integrity of a family owned business
the professionalism of industry experts
the kindness of people who care
the trust earned through 40 years
the satisfaction of serving our neighbors
the peace of mind that you are working with the best
a relationship you can depend on
Property Management is not just our business, it is a relationship between us, our owner-clients and our tenant-residents. If these are important to you, then we may be a good fit to provide you, your property, and your tenant-resident with our award- winning property management service.
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Pros and Cons of Investing in Aurora Real Estate
Up until a few years ago we did NOT recommend Aurora as a strong long-term investment area.
This was due to dilapidated infrastructure, over abundance of low-income housing, and high crime rates.
However, today Aurora is in the midst of a classic long-term, city-wide revitalization project. This revitalization is still in the early phases of the plan which means that real estate prices are significantly lower (25%) than those in the surrounding Denver areas.
This presents an opportunity to investors who are willing to take on a little more risk along with more work and active management in the day-to-day management of most Aurora properties.
One risk associated with downtown Aurora investing is that you will be competing with a lot of new class-A multi-family rental product. Aurora may not be 'overbuilt' yet; but there is a lot of new building and at a very fast pace.
If you are looking for a stable market, amazing amenities, pride of ownership and very strong trending rental market - Aurora is your place for a long term buy and hold.
- Potential future price appreciation
- Lower than average prices
- New infrastructure and business
- Higher than average CAP rate (investment rate of return)
- One of the higher crime rates in the metro Denver area
- Active management is required due to higher risk area
- Quality of public education is poor as compared to other cities