Tips to Attract Tenants in a Tough Westminster Market

The total vacancy rate at the end of 2023 was 10.1% (equating to 14.55 million empty housing units). How many of your Westminster real estate investments are sitting vacant? The longer they remain empty, the more money you'll lose.Instead of letting your vacant rental propert...

Decrease Vacancy in Westminster with Creative Leasing Strategies

The rental vacancy rate in Colorado is now 5.4%. As another real estate investor fills their vacant units, you could have a more difficult time attracting renters. With these rental leasing strategies, you can find new tenants and retain the ones you have.Filling your rental prop...

How Property Management Can Help You Protect Your Investment in Westminster, CO

If you're looking to get the most out of your investment property, it's crucial to have professionals by your side. According to recent data, there are approximately 296,256 property managers in the United States as of 2023.Landlords in Westminster, CO can greatly benefit...

Pros and Cons of Allowing Pets in Your Westminster Rental Property

Imagine a big, wide pair of puppy dog eyes staring back at you, pleading for a place to call home. Their fate is in your hands if you're on the fence about allowing pets in a rental property.While over 63.8 million households have at least one pet, many real estate investors ...

Rental Management or Tenant Placement - Which Is Better?

Colorado is now one of the top states for outmigration, meaning that more people are leaving than coming. Where does this leave property investors who purchased rentals in Westminster and surrounding areas?Chances are, you're noticing a slowdown in the rental boom of a few ye...

How to Get Tenants to Renew Leases in Westminster, CO

The volatile real estate market has led to a new "rent forever" trend. It's especially prevalent among young people who can't afford to buy a home.Data suggests that 25% of millennials plan to rent their entire lives. 45% cite rising prices as the reas...

Tenant Evictions in Westminster, Colorado: A Landlord's Guide

It's estimated that there are nearly 3.6 million evictions every year in the U.S. There's no denying that evictions can be horrible experiences both for landlords and tenants.Unfortunately, the burden of dealing with eviction falls almost entirely on the landlord. If you ...

A Guide to Rental Analysis for First-Time Landlords

Since the average landlord makes over $87,000 annually, renting out property is a great way to turn a profit. However, not all investments are made equal, and a rental analysis can help ensure that you make the right investment.Read on to learn more about rental analysis in Westm...

3 Mistakes Landlords Make That Can Lead to a Landlord Rescue Situation

When you set out to invest in a rental property, landlord rescue isn't something that crosses your mind. You're confident that the property will become a steady source of rental income and you will spend your days living your best life.Unfortunately, being a landlord can ...

The Importance of Tenant Placement: Why It Matters for Westminster Landlords

An estimated 64% of Westminster homes are owner-occupied and the rest are available for rent. Thanks to rising demand, investment property owners should have little problem securing rental applicants.The question is, how do you pick the right tenant from your applicant pool? Afte...