If you own rental property in Denver, let Cobalt Creek Property Management help you make the most out of the Denver rental housing market in 2018. Are you really getting all you can out of your investment this year? If you’re moving away, consider putting your property up for rent instead of selling it. The rental housing market is booming, and with Cobalt Creek Property Management, you can enjoy being a landlord without the headaches.
The Denver Market Is Hot
Housing market statistics show that rent prices are on the rise throughout the Denver area, with the city itself making double-digit increases over the past year. According to one source, the average rent across all categories is $1607. That means your outlook is good if you own any of these types of properties:
- Single Family Homes
- Townhouses
- Condominiums
- 1 Bedroom Apartments
- Apartment Communities
- Duplex Apartments
Our Hottest Finds
Rental market trends often focus on one-bedroom apartments in particular. They’re in high demand, and multiple sources cite a current market rate around $1400. With Denver’s growing startup scene attracting young professionals, it’s little wonder that these apartments are leasing fast.
While rents are on the rise all over the city, homes in some neighborhoods fetch more money than others. According to some sources, Cherry Creek, Golden Triangle, and Lodo are the three most expensive neighborhoods in the city. Owners with property in these areas can expect even higher profits in 2018.
Renters Love Denver
A rental market analysis goes beyond dollar signs. It includes what renters think of their homes and neighborhoods. Luckily, renters love living in Denver.
ADOBO ranked us fifth in the nation for renter satisfaction. Their survey compiled renters’ opinions on the quality of the unit itself and the surrounding neighborhood. These high opinions — along with a healthy lifestyle, mountain landscapes, and excellent weather — make Denver a great place to live and rent.
How We Can Help You
Our local team of experts handles all the hassles of property management to free up your time while protecting your investment and increasing profits. We also act as an intermediary to help keep the relationship between you and your tenants a positive one.
One of the first things we give is a rental evaluation. A real estate expert will walk the property and provide you with the current, fair market value. From there, we will provide marketing, screen potential tenants, oversee property maintenance, and handle rent collection. You can expect unmatched efficiency and quality communication throughout the entire process.
Don’t Wish You Had, Call Today
The housing market forecast is good whether you own a single family home or a multi-family property. Cobalt Creek Property Management can help you claim your share of the Denver housing market and handle the more stressful aspects of being a landlord for you. Contact us today to get started.
