Property Management Blog

Wednesday, July 20, 2016

Duplexes, Triplexes, and Fourplexes - Positioning for Profitability

Small multifamily properties such as duplexes, triplexes and fourplexes can be more difficult than they might seem on paper to make profitable.  Some investors shy away from this kind of real estate investment because there are so many unknown variables and risks, particularly if you are a new landlord.  The purpose of this arti...

Friday, April 1, 2016

RENTAL MARKET PULSE – 1st Quarter of 2016

 I will say that this year’s rental market is looking more engaged than I have seen in some time.  Now, most of us Coloradans have heard some of the housing shortage statics in Colorado, but in the interest of really providing some front-row or ‘pulse’ examples of what we are dealing with please continue readi...

Tuesday, December 22, 2015

Happy Holidays!

Happy holidays to all of our valued clients and customers! It's been a great 2015 for us, with many exciting improvements to our service, and a lot of internal streamlining. As always, we are open to feedback!  If you have an ideas or feel there is something we could be doing better, please click 'rate my service' at the ...

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...

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