Property Management
Lease Vacant Units
Ensure unit is in rentable condition, through a pre-rental inspection
Establish market rent
Advertise using appropriate media
Show units to prospective tenants
Provide weekly feedback reports while the property is vacant
Qualify applicant through credit approval process
Handle security deposit in accordance with Colorado Law
Conduct move-in and move-out inspections with video documentation
Rent Collection
Automatic rental payments
Enforce late rents
Coordinates legal and eviction proceedings
Repair and Maintenance
Home warranty to save the owners money
Detailed inspection reports
24-hour emergency service
Preventative maintenance programs including regular interior and exterior inspections
Financial Reporting
Detailed statements and rents are sent by the 10th of the month
Receipts and/ or invoices sent to owner monthly
Year-end statements are provided for tax preparation
Key Advantages to Property Owners
Serves an intermediary between Landlord and Tenant
Finding the right tenants
Comply with local, state and federal regulations including Fair Housing Laws
Legally binding agreements
Tax deductions
Outline of Services
PRE-RENTAL INSPECTIONS: Upon signing the property management agreement, we inspect the property to endure it’s in rentable condition, note any minor repairs that should be completed and make improvement recommendations. We can also refer you to a handyman to help get the property ready.
ADVERTISING: We know exactly where to market your property and how to craft a compelling advertisement including photos. Media outlets used include: MLS, UrbanWestPM.com, Craigslist, Facebook, Homes.com, Realtor.com, Zillow, Trulia, Zumper, Hotpads, Denver Post, Instagram, Padmapper, Apartments.com and Walk Score. A “For Rent” sign is placed in the yard unless not allowed by the HOA and each property has a virtual tour and personal website.
FEEDBACK REPORTS: While your property is vacant, we provide weekly feedback reports. This details who has inquired or viewed the property as well as any comments they have provided. This keeps you updated!
TENANT SCREENING: We screen each perspective tenant prior to occupancy. Not only do we obtain a credit report on each individual, we also verify criminal background and security checks, rental history, and income or employment verification for the purpose of determining eligibility to lease the unit. Please review the Rental Application for specific details.
OWNER REPORTING: Upon making all disbursements (repairs, management fees, etc.) the excess will be dispersed to the owner on the 10th of the month. If however, if the account has a negative status we ask that you deposit funds into your account so we can meet the necessary obligations. Monthly statements including receipts and invoices are furnished to detail your account status, income and expenses. We also furnish a complete year-end statement which will provide the information needed for tax preparation.
HOME WARRANTY: Home warranties compliment home insurance by covering major systems including, but not limited to: plumbing, water heater, heating, ductwork, electrical, appliances, garbage disposal, and a/c. Plans start at $230.
ROUTINE INSPECTIONS: Approximately 6 drive-by (not including condos) and 4 interior inspections are completed annually to insure the property is being maintained in a satisfactory condition. Should there be any discrepancies, a letter is sent to the occupant and a follow up inspection is completed. The owner will receive a copy of the photos.
REPAIRS AND MAINTENANCE: We provide competitive pricing on repairs to help you save money. In the case of an emergency situation, tenants have access to a 24 hour emergency line it can be handled immediately. Routine maintenance is coordinated to ensure your property is well maintained, avoiding the high cost repairs. We never charge maintenance mark-ups!
MOVE-IN & MOVE-OUT INSPECTIONS: Upon occupancy, a detailed move-in inspection is completed by the tenant and we complete a move-in video. Items like such as worn carpets or other defects are noted so the occupant will not be held responsible when vacating the property.
Our detailed move-out process holds the tenants to high standards and when the tenant moves-out another detailed inspection is completed. Any repairs deemed to be tenant’s responsibility are completed and deducted from the security deposit. The property is then cleaned and made ready for the next tenant.
RENT COLLECTION: Rents are due on the first of the month and delinquent after the 3rd. To avoid late and non-payments each tenant is enrolled in an automatic payment program so the rent is automatically submitted every month from their checking account. All rents and deposits are maintained in a FDIC-trust account as required by state real estate regulations. We strictly enforce our late fees to help elevate “dead beat” tenants.
LEASE RENEWAL: Within 90 days of lease expiration, we will notify the tenant in writing and offer a lease renewal or provide a 30-day notice. This gives the owner piece of mind!
EVICTIONS: We coordinate legal and eviction proceedings so the tenant is removed from the property as soon as possible. The advantage of using a professional property manager is that we can expedite the process and do it for far less cost.
RATES: Our fees are simple and fair, so please contact us today for a free quote (720) 772-1107
