Property Management Blog

Wednesday, November 18, 2015

Expected Expenses on a Rental Property

I have often been asked the question, “how much should I expect to spend annually on expenses for my rental property, other than management fees?”  While most other expenses on a rental home are related to maintenance, this may also include items such as utility bills during periods of vacancy.  To gather data on tha...

Wednesday, August 19, 2015

Can't I just say no to pets? Please!?

Are you concerned about allowing pets in your property?  Well, you aren’t alone.  The challenge however is to step back from personal feelings, personal experiences, or horror stories on your Facebook feed, to really hear the truth about the choice of not accepts pets and how it might impact your bottom line.    ...

Monday, July 27, 2015

Property Updates & Return On Investment

Here is the question, “If I pay for a major update to my investment property, how much more can I demand in rent?”    The first thing that comes to mind whenever I’m asked this question, is a favorite book of mine called Outliers by Malcom Gladwell.  Although this book is a study on the subject of success ...

Saturday, April 25, 2015

2015 Landlord Symposium (Colorado Springs)

March 19th was one of the most anticipated events of the year for us here at Dorman - it was the 2015 NARPM Landlord Symposium.  For us licensees it's a full day of continuing education sponsored by a ton of great local vendors for different industry related services.  We really learned a lot about how to refine best practic...

Wednesday, March 18, 2015

New Water Heater Requirements

Effective April 16th of this year, the requirements for manufacturers concerning the efficiency of the hot water heaters made and sold will be shifting positively towards greater energy savings, but negatively towards our pocket-books.  There are also more strict building code requirements for how these hot water hears are to be inst...

Wednesday, March 11, 2015

Tenant Screening Pitfalls

Good or bad tenants will make or break your real estate investment and the return you see from it.  This is why most professional property managers (like us) have such hard and fast rules about who we will or will not approve.  When prospective tenants are declined by our office for having poor credit, aggressive breed dogs, evi...

Wednesday, March 11, 2015

Owner/Client New Weekly Vacancy Update!

For all of our valued owner clients we'd like to annouce our new weekly vacancy update.  If you have a listed vacancy, on Monday of every week you will now recieve an e-mail update showing the number of inquiries on your property, the number of showings, and thoughts/recommendations from your licensed property manager point of co...

Monday, February 23, 2015

Tenant Default Stats - Risk Vs. Reward

Rental history, credit, and income are extremely important to look at when considering which prospective tenants you are going to approve or deny, but for landlords, what does the data actually mean in terms of 'chance to default'? Did you know that in the U.S. only one out of every five people have a credit score below 600? ...

Wednesday, February 18, 2015

Property Management Software Update - FYI

What was Dorman Real Estate Management up to today you ask!? We were attending a software review and update, hosted by our amazing software provider Appfolio!  We do this so that we can stay on the cutting edge of what is possible with our top tier management software, and in our business.  FYI TO OWNER/CLIENTS: 1) Appfolio is d...

Friday, February 13, 2015

Keep Ft. Carson Strong!

We attended the Apartment Association luncheon yesterday and got to receive a Ft. Carson briefing from Col. Joel D. Hamilton the Fort Carson Garrison Commander.  The first thing that jumped out at us is that there are currently 3,500 soldiers deploying – which is further confirmed by the number of orders/notices we’ve rec...

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