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One of the chief worries of rental owners is property damages caused by tenants. This is a business risk when you open your property to different renters. Each tenant’s sense of responsibility will be different from the others. Some are meticulous in carrying out reasonable maintenance while others are bound to be negligent.  Unintentional damages can often arise from a failure to report the small issues that escalated into a bigger dilemma. These can lead to great expenses when discovered, such as a small leak that grew bigger and resulted in…

Successful landlords in Colorado are those that are able to attract the right kind of tenants into their rental properties. The right tenants are those that pay rent on time, care for their rental premises, and rent long term, among other things.  But how exactly do you attract them to your Colorado rental property? Well, writing a compelling rental property description and including high-quality photos can certainly help. However, the best way to attract prospective tenants to your property is by catering to what they want.  The following are…

If you want to enjoy a successful rental property, being attuned to the happiness of your renters will serve you well. Happy renters will avoid jeopardizing the landlord-tenant relationship and will strive to keep up with their responsibilities. They’re bound to pay rent on time and maintain your property better. We here at Evolve Real Estate and Property Management have a few tips to obtain happy renters: 1. Center Your Priority on Property Repair and Maintenance A bulk of our time is spent at home. We want to feel comfortable and relaxed whi…

Under ideal conditions, there would be no need for security deposits. Tenants would sign the lease, and observe every lease term, including paying rent on time and reporting maintenance issues on time. Unfortunately, this is not always the case. Tenants may make mistakes – some inadvertently and others by design. The tenant may, for whatever reason, cause negligent property damage, refuse to pay rent, or simply choose to break their lease. That’s where a security deposit comes into play. A security deposit provides the landlord with a financ…

Have you ever thought about converting your Denver house into a rental unit to earn passive income?  The first sensible thing to do is familiarize yourself with the rental process. Even if it sounds easy to accomplish, such as finding a renter and earning extra money, it’s not. It requires a more dedicated approach to rent out your Denver home successfully.  Here are steps you need to think about if you decide to be a landlord. 1. Consider Your Landlord Duties Becoming a landlord requires you to be well-versed in several things. First, review …