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Having good relationships with your Denver tenants is the key to a successful rental property business. There is no doubt about it. A good landlord-tenant relationship has a host of benefits. One of them is the reassurance that you’ll get paid at the end of the month. Happy renters are also more likely to renew their lease as well as care for your property. Here are 6 landlord tips to have a better relationship with your Denver tenants. Tip #1: Be forthcoming from the beginning. Tenants don’t like surprises, especially after they have signed t…

Knowing when to hold off and when to sell real estate are two of the most important investment property decisions you’ll need to make. Timing is everything. Sell at the right time and you get a great price for your property. Sell at the wrong time and you might not get top dollar or may stay in the market for a long time. In this article, we’ll look at some of the legitimate reasons to sell an investment property.   When Selling Your Rental Property Makes Sense   1.   It’s Part of a Plan You might have bought the investment property knowing th…

  Owning a rental property can be one heck of a lucrative business. In spite of the rewards, it also digs up a lot of challenges. Mainly, keeping everything in good, rentable condition when it’s time to look for new tenants. Often when landlords focus mainly on updating the interiors, they miss opportunities to capitalize on what good curb appeal brings to the table. By investing time and effort into maintaining your rental, there’s no doubt you’ll get top dollar when trying to lease it out. Whether you’re planning short-term or long-term rent…

  Winter is the most important time for property maintenance! Combined with precipitation and cold winds, sustained low temperatures can damage your home. To avoid such problems, it is essential that you prepare your rental property for the winter season. This will save you time and money on roofing, plumbing, and other repairs come spring.   9 Things You Need to Do Now to Prepare for Winter   1.    Check your safety alarms Regularly inspecting fire and carbon monoxide alarms is crucial as winter approaches. Sadly, it’s one thing that many lan…

  In the early stages of being a real estate investor, taking a hands-on approach is usually for the best. When your investment portfolio is small, managing properties is a practical and fulfilling task to complete. You also learn a lot more about how the industry really works. However, if you are successful in your real estate business, your holdings will grow to the point where managing the day-to-day operations of investment property is beginning to show diminishing returns. The first thing to happen to you is that you no longer feel like y…