• What Closing Costs Are Tax Deductible for Rental Property?

    Do you ever catch yourself thinking, “Are rental properties a good investment?” Well, we can tell you with certainty that they are, and for many reasons. Not only does real estate investing boost your wealth and make it cheaper to borrow money, but it comes with numerous tax benefits. You can make dozens of standard…

  • Do Stainless Steel Appliances Increase the Value of a Rental Property?

    Stainless steel appliances have been a popular choice for years. It is often believed that they help increase the value of a rental property, as well. The question is: will stainless steel continue to be something renters look for? The short answer: yes. According to research by Houzz, the most popular kitchens of 2023 all…

  • Understanding the Eviction Process in Colorado

    Eviction, or involuntary termination of a lease, is a situation no landlord or tenant ever wants to face. Unfortunately, sometimes the relationship deteriorates to the point where it’s the only option that remains— and when that happens, you’ll want to make sure you have a thorough understanding of the legal ins and outs of the…

  • What is a Reasonable Rent Increase for Your Tenants in Colorado?

    The greater Denver area is a popular, fast-growing area, which means that competition for great rental properties can be fierce. As a landlord, you started renting your property to make a profit, and increases in your costs can leave you with the choice between making less profit or passing on some of the costs to…

  • Should You Require Renters Insurance at Your Rental Property?

    While there is no federal law that requires tenants to have renters insurance, landlords have a right to require their tenants to secure a renters insurance policy before moving onto the property. If you’re a landlord considering mandatory renters insurance, the short answer is yes, it’s a good idea—however, it’s still a decision that requires…

  • The Landlord’s Guide to Renovating a Rental Property 

    Remodeling research shows that, in recent years, spending on home renovations and repairs has grown to equal the size of the new residential construction market. Because new construction only accounts for 1.5% of the housing stock, existing properties supply most of the housing needed to meet demand.  Thus, if you own a rental unit, it’s…

  • How to Calculate ROI on a Rental Property

    Did you know economists consider real estate one of the best recession-proof investments you can make? This is because real estate investing is a long-term game that isn’t affected by short-term occurrences. However, you shouldn’t just purchase any property that comes your way. Real estate investors know the importance of calculating ROI and assessing a…

  • Do I Need Homeowner’s Insurance for a Rental Property?

    Data from the Insurance Information Institute (III) shows that between 2017 and 2021, nearly 6% of insured homes filed a claim on their homeowner’s insurance policy. While 6% doesn’t seem like a high number, the average cost of damage was about $15,000. Homes with fire damage experienced over $80,000 in damages!  If you don’t have…

  • Should You Pay Off Your Rental Mortgage or Buy New Property?

    Ever found yourself standing at the crossroads of financial decisions, a bundle of rental property keys jingling in your hand? We’ve been there. You’re asking yourself: “Should I pay off my rental property or buy more?” A weighty question. Picture it like a game of Monopoly. You own Boardwalk with some houses – do you…

  • What Exactly Does Landlord Insurance Cover?

    If you’re a rental property owner, you probably already know how to set aside a percentage of your rental income to cover general maintenance and repairs. But what are you to do if a storm rolls through and causes extensive property damage? Should you use personal savings, a credit card, or a loan to pay…