By Marc Cunningham - Tuesday, January 2, 2024

New law caps pet rent and pet deposits for Colorado landlords

Key points:Effective date: 1/1/2024A new cap on both pet rent and deposits What to do with a pet during an eviction Colorado House Bill 23-1068 places new restrictions on landlords when renting to tenants with pets. HB23-1068 - Concerning pet animal ownership and housing, and, in connection therewith, prohibiting restrictions on dog ...

By Marc Cunningham - Wednesday, November 22, 2023

5 Easy Ways to Make More Money Owning Rental Property

Making a profit in real estate investing is getting more and more difficult. As real estate prices increase and rents flatten, landlords need to be creative in looking for ways to increase their bottom line income. These five proven but lesser-known strategies will help you maximize your rental property income and ensure a solid return on your inve...

By Marc Cunningham - Thursday, October 26, 2023

Why Rents Could Decline in 2024

Key Points:Rental supply and demand shifts will favor renters in 2024Property owners should act to minimize turnover The rental market in Colorado over the past decade has experienced annual double-digit rent growth as well as double-digit home price appreciation. This hyper growth trend is slowing to the point that the Denver rental market is...

By Marc Cunningham - Tuesday, September 26, 2023

New Radon Rules For Colorado Real Estate Investors - What Property Owners and Tenants Need to Know

Key points:Property owners and managers must now include a Radon disclosure in your lease agreementColorado is keeping tenant-residents safe by providing all radon informationOver the past few months, we've covered various laws enacted by the Colorado legislature, impacting real estate investors in Colorado. These changes ranged from tenant scr...

By Marc Cunningham - Friday, August 25, 2023

SB 23-184 Landlords May No Longer Consider Credit Score On Some Applicants

SB 23-184 Landlords May No Longer Consider Credit Score On Some Applicants Key points:No more credit score considerations: New Colorado legislation restricts landlords from using credit scores in some cases, redefining tenant evaluation norms.Security deposit and income limits: The bill sets a cap on security deposits and maximum income requirement...

By Marc Cunningham - Monday, July 24, 2023

Colorado Landlords Must Now Accept Tenant-Provided Background Reports: SB23-1099

Key Points:The new law becomes August 7, 2023The tenant can provide Portable Tenant Screening Reports to the landlordInability to follow correctly can result in up to $2,500 in fines, plus attorney feesSenate Bill 23-199, recently passed legislation in Colorado, will significantly impact tenant screening in Colorado. Whether you are a landlord or a...

By Marc Cunningham - Wednesday, July 5, 2023

Evictions get more difficult in Colorado

Key PointsGovernor Polis has signed HB23-1120 which dramiatically change evictions in Colorado.The stated purpose of the bill is to protect tenants who receive public rental assistance.Mediation must now be done before any eviction can take place for tenants who receive public assistance. Governor Polis has signed into effect HB23-1120. This new bi...

By Marc Cunningham - Wednesday, June 7, 2023

Colorado Supreme Court rules CARES Act still applies in Colorado

Colorado Supreme Court rules CARES Act still applies in Colorado - resulting in delaying the eviction process for tenants and landlords. Key Points:CARES Act was passed in March 2020CARES Act “Notice” provision only applies to covered propertiesAlthough the CARES Act has expired, the Colorado Supreme Court ruled that the Notice provisio...

By Marc Cunningham - Wednesday, April 26, 2023

How the Banking Disruption Impacts Real Estate Investors

Key Points: Several regional banks have recently faced financial disruptionsTwo important questions to ask your property management company FDIC insurance covers $250,000 per beneficiary Recently the regional banking sector has faced a sudden disruption in the financial system. This is due to many factors including a sudden loss of confidence ...

By Marc Cunningham - Friday, March 31, 2023

Why Landlords Should Allow Pets

Key Points:70% of tenants own petsYour property will experience more turnover if you don’t allow petsYour property will stay vacant for longer if you don’t allow pets A question we often hear from landlords and real estate investors is “should I allow pets in my rental property?”. We understand that having an animal in...