Can landlords refuse tenant money during a legal eviction process?
By Marc Cunningham Saturday, January 1, 2022
Key Points:The previously required 10 day wait period, during which landlords are required to accept delinquent payment from a tenant - has been extended.Landlords must now accept full payments from delinquent tenants throughout the entire eviction process.Landlords may continue ...
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Key Points:Make sure you know termination terms before hiring a property management company.Know your options in regards to wavier of termination penalties and agreements with no termination penalties.Make sure you are aware of the Eight most Important Parts of a Colorado Pr...
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What Real Estate Investors Can Learn From Zillow Exiting The Home Flipping Business
By Marc Cunningham Monday, November 29, 2021
Key Points:Zillow terminates their house flipping program.House flipping is not ‘easy’ and comes with unique risksThere are four main things to consider when purchasing a home with the intent to flip.Recently, Zillow decided to terminate their home buyer program. The ...
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Key Points:Vacancy is one of the biggest costs landlords face.Paying for utilities, though well intentioned, loses you money.Periodic, modest rent increases are expected.If you own rental property, it's probably safe to say your number one priority is maximizing the income ge...
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Key Points:Turnover is your biggest expense, so it pays to treat your residents well.The number 1 reason tenants leave a property is due to poor quality maintenance.Be sure to stay current with costs and build in a rent increase regularly. The longest tenant we’ve ever...
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Key Points:Landlords can be held liable for personal property left behind.Oftentimes, leaving behind personal property requires a lease amendment.Tenants likely cannot be held accountable for damage to the personal property you left behind.While it may seem like a bizarre questio...
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Key Points:Vendor and labor costs are increasing due to increased prices for things like appliances, capital improvements, parts and supplies.Anticipate inflation by adjusting your rent appropriately to cover greater expenses.Remember, rent can only be increased once every 12 mon...
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Should I Use a Home Warranty Company for My Rental?
By Marc Cunningham Saturday, October 30, 2021
Key Points:Home warranty firms typically are slow to respond and use low-skilled labor.Home warranty contracts have a lot of fine print.We advise that the money you would be paying for a home warranty is better placed in a savings account.As a Colorado real estate investor, is it...
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Can I Sell My Rental Property With Tenants Living There
By Marc Cunningham Friday, October 29, 2021
Key Points:What are the benefits and costs associated with selling your rental property?Property sales are subject to the current lease agreement.Though you don't incur any "make-ready" or vacancy costs, your buyer pool may be reduced.As with any asset, th...
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Key Points:Be sure to include specific clauses in your lease to protect yourself against month-to-month situations, pets, marijuana, appliance wear and tear and subrogation of InsuranceWhether you self-manage your rental property portfolio or rely on a third-party property manage...
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