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One of the most frequent questions landlords in Denver ask themselves is – Should I rent my house furnished or unfurnished? Each choice has both pros and cons. It truly depends on your target market. Who are you planning on renting to?   A Furnished Home A furnished home means that your rental unit comes with furniture and appliances. This makes it convenient for your tenants to move in right away. Here are the advantages and disadvantages of furnished rental properties:   Advantages: 1. Demand higher rent If your unit is furnished, you can ra…

Long-term tenants are great for cash flow. They guarantee income every month. The question that many landlords in Denver have is: how do I attract these tenants to my rental property? There are certain things that you can do. For example, you can demonstrate great communication and organizational skills, present a clean and well-maintained property, and screen tenants thoroughly. Here are 7 strategies to help you to attract long-term tenants for your Denver Colorado property.   7 Strategies to Attract Long-Term Tenants 1. Picture the kind of t…

                There are many things that are key to running a successful rental business. For example, finding the right tenant, charging the right rent, and building a good relationship with your tenant. One thing that often goes under the radar is equal and fair treatment of tenants. Fairness comes in many forms. However, playing favorites – regardless of whether it is intentional or not – is always a bad mistake. In fact, the unfair treatment of renters was the reason why the Federal Fair Housing Act of 1968 was enacted. Back then, housin…

  For most Americans, their homes are their single largest asset. It’s no wonder that around 95% of property owners have homeowners insurance, according to a survey done by the Insurance Information Institute. However, does homeowners insurance cut it when it comes to rental property investments? The answer is no. In fact, homeowners insurance policies are only designed to offer protection for owner-occupants. Insuring your rental with standard homeowners insurance will be a waste of money: it will leave you paying for premiums that won’t cove…

One of the many property management decisions that have to be made is whether or not include utilities in the rent. Examples of utilities include electricity, natural gas, trash collection, water and sewer services, internet and telephone services, and security or alarm systems. When managing your rental property, you may choose to include all the utilities or a select few in the rent structures. However, you have to weigh the pros and cons of a utilities-included rent and see if this option makes sense for both you and the tenants. If you own…