Denver Property Management
What you need to know about Denver 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 Denver Real Estate
Denver is a big place and can often also mean surrounding communities. Therefore, for the purposes of this information we are referring to "Denver" as the downtown area and the immediate city area within Denver city limits.
The short answer is that Denver real estate is booming! Both the rental market and the sales market seem to hit new record highs each month.
If you are considering investing in Denver real estate, one question you must ask yourself is how much more upside is there? When compared to East coast and West coast, real estate price Denver are still low. And given the migration into Denver from the East and West coast - we believe the Denver market is stable and will continue to appreciate (but at a slower rate than the past few years).
One risk associated with downtown Denver investing is that you will be competing with a lot of new class-A multi-family rental product. Denver 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 - Denver is your place for a long term buy and hold.
THE PROS
- Growing market
- Influx of new residents each month
- Community amenities
- Lower than average crime rate
THE CONS
- High cost of living
- Lots of new multi-family class-A construction may be sign of overbuilding
- CAP rate (investment rate of return) is lower than some other areas
Overall Denver Real Estate Investment Rating:
A-
Denver Investment Rental Property Fast Facts:
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Average Denver Home Price
$511,822
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Real Estate Appreciation Over Past 12 Months
Up 5.7%
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Average Denver Household Income
$61,105
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Percentage of Denver homes that are rental properties
50.3%
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Denver Resident Median Age
34
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Poverty Level
18.3%
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Median Denver Housing Rental Rates
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Denver Rental Trend Summary
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Denver County Rent Trends By Bedroom
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Top 5 Denver property management companies
listed alphabetically
- Assured Management
- Colorado Realty & Property Management
- Echo Summit Property Management
- Grace Property Management
- Integrity Realty & Management
