Resources, Tips & Trends

Real estate investing is littered with traps that can ruin your financial dream before you even know what hit you. That’s why it’s crucial to thoroughly research opportunities and weigh their pros and cons. Our property managers have put together this list of five things every landlord should consider when buying new rental property. Location Tenant & Landlord Rights Taxes & Other Expenses Insurance Property Management It’s All About Location The neighborhood you choose will determine your vacancy rate and what types of tenants you attract. For instance, if your property […]

It’s certainly possible to make money in real estate, but there’s more to it than buying the first beautiful house you see. Home rental management involves purchasing a house, finding tenants, and maintaining the home while collecting rent and paying property taxes. Thus, buying a place to rent out differs from buying a place to live in with some unique things to look out for in your search. Cobalt Creek Property Management in Denver, CO is here to assist you! Type Of Property You Want […]

Property management is not your typical nine-to-five job. If you’re managing your own rental properties, maintenance requests take up a lot of your time. Partnering with a professional property manager, like Cobalt Creek Property Management, takes the stress of emergency repairs off your plate so that you can say goodbye to long, odd hours, but what types of emergencies can your management team handle? Every property management company will have its own policies, but we’re here to give you a good idea about what to […]

Like any other job, the surest way to hire the best property manager for your rental home is to interview each candidate on your list. But what exactly should you ask them? Here are five home rental management topics we believe landlords should clarify with potential hires before signing a contract. How Are Maintenance Requests Handled? Who Takes Care Of Rent Collection? What Is Your Tenant Retention Rate? What Are Your Property Management Fees? How Many Home Rentals Do You Manage? 1. Who Takes Care […]

Like every rental property owner in Denver, you want to rent your house out as quickly as possible. A vacancy is the biggest detriment to your investment. To help, we’ve put together this property manager’s list of 6 landlord tricks and tips for renting out a house fast. List Your House Rental Online Offer A Move-In Special Keep Rent Competitive Screen Tenants Carefully Make Your Property Move-In Ready Hire A Property Management Company 1. List Your House Rental Online Today, the first place renters go […]

Rental properties can be fantastic investments that pay off for years to come. However, property ownership can be unpredictable, and disasters can occur. The best thing you can do is be prepared and know when to ask for help. Let’s take a look at 5 common rental property disasters and some advice on how to avoid them. Local Rental Prices Drop Tenant Stops Paying Rent Your Tenants Start Participating In Criminal Activity Severe Weather-Related Property Damage Lack Of Proper Record Keeping 1. What If Rental […]

While condo property management is similar to managing other kinds of property, condos come with unique challenges. That’s why the condominium experts at Cobalt Creek Property Management have put together this list of time-saving tips. Please note that some of these tips only apply if you’re responsible for the whole building instead of a single unit. Maintain An Open Line Of Communication With Your Tenants Stay On Top Of Preventative Building Maintenance Run Background Checks On All Prospective Tenants Get To Know The Community, Especially […]

Renting an apartment is a tricky process that can be incredibly intimidating for first-timers. When renting your first apartment, you’ll likely make a few mistakes — ones that could, unfortunately, follow you the rest of your life. We’ve put together a list of the 7 most common mistakes to avoid when renting your first apartment to help you. Renting Without Visiting Skimming The Lease Settling For A Location You’re Unhappy With Assuming Utilities Are Included Not Having Enough Money To Pay The Deposit Going Without […]

Residential real estate falls into two categories: single-family and multi-family. Owning multi-family real estate isn’t for the faint of heart, but the right property management team can help you get the most out of it. We’ve put together 5 great reasons to be a multi-unit landlord in Denver. Denver’s Hot Housing Market Grow Your Portfolio Faster Finance Simplicity Income Benefits You Don’t Have To Manage It Yourself 1. Denver’s Hot Housing Market The biggest reason why real estate investors are interested in Denver is its […]

Earlier this year, the Denver City Council passed a law that requires local landlords to obtain long-term rental licenses within the next few years. However, the new law has also sparked vocal opposition from landlords and renters over how it will impact them financially. Partnering with a property management company can help landlords stay compliant and profitable. The New Requirements According to the new law, an owner renting out a building with two or more units (like a duplex) must be licensed by January 2023. […]