Property Management Companies near LoDo Denver Colorado

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Have you ever taken the time to figure out how RentVest has become the number one choice firm by rental property owners looking for Property Management Companies near Cherry Creek Denver, CO? It is all about doing what you promised and a proven system that is next to none!. Yes, it is a reality that the number of property managers in LoDo Denver Colorado is substantial and continuing to grow… Nevertheless, more property owners have opt for RentVest over any other Property Management Companies in Colorado Springs Colorado five years running for one reason and one reason only we deliver as we promised.

Top Reviews for Property Management Companies near LoDo Denver Colorado

Rajha Wilson
Rajha Wilson

5 out of 5 stars

posted 1 week ago

I would like to say that Aidan was extremely helpful. He was quick to respond and was nice enough to follow up after everything was settled to be sure it was satisfactory service. Thank you Aidan, for making a bad situation so much more bearable by being attentive and keeping an open line of communication for all of my concerns. It has been very much appreciated.

D Mitchell
D Mitchell

5 out of 5 stars

posted 11 months ago

We applied through RentVest for one house but it was rented. RentVest allowed us to use our application for other places. Very nice. Synthia Daniels was our agent and she got us into a new house within days. Great working with her.

David Gray
David Gray

5 out of 5 stars

posted 6 days ago

Aidan Mascarina received our request of a poorly functioning air conditioning unit. Her timely response and professionalism was amazing! I don't know what her wage is, but I believe she needs a raise!! :)

When to Hire a Property Manager in LoDo Denver Colorado?

In case you have been running rental properties for quite a while, you are aware that it is actually financially rewarding. But, property management is hard. It could be safe to handle your own properties, especially if you do not mind devoting your time and cash to the job. But there are times you need to contract a property manager. Continue reading to understand when you should engage a property manager.

  1. When You Hold Several Rental Properties

Your tasks increase as the volume of your units increases. Once you increase the number of your houses, you clearly increase the volume of your renters. This means you can have more complaints, repairs issues, and even vacancies. It is not easy to manage these apartments. You are able to employ a property manager to lighten the workload.

  1. To Set The Best Rental Prices

When you are a new rental property owner, you may not realize how to set the best rental rates. When your rental rates are high, you might never get occupants. Working with a property manager, who is able to help set the right rental rates, is the ideal step to take. The manager conducts thorough consumer research and studies prior to setting the rental rate.

  1. When You Do Not Know How To Run Properties

You might be a novice to property management, so you don’t have expertise in handling rental homes. Properties managers could manage rental apartments,  because they may have been managing these units, for several years. It is expensive to learn along the way because you might make mistakes that can cost you a ton of money.

  1. For Marketing The Rental Property

If you do not realize how to promote your vacant houses, you may too long to get the right tenants. Property managers know exactly where you can promote your vacant homes. And they design exiting advertising materials. So, they take a short period of time to get the best tenants.

To conclude, getting a property manager is the greatest thing you can do. Property managers can help you save lots of money. And you may make a lot of money over time should you work with a reputable property manager or company. At the end of the day everybody looking for Property Management Companies near Kissimmee, FL, needs to needs to consider what RentVest is offering to real estate investors searching for professional property management company in LoDo Denver Colorado. For additiona info about professional property management company in LoDo Denver Colorado, please, consider visiting out blog.

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Multifamily Trends to Watch in 2020

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High demand for rental properties is expected to continue in 2020 according to new industry estimates reported by GlobeSt.com. High population growth, increasing obstacles to home ownership, and a growing preference for the conveniences and amenities renting offers are adding one million renter households annually to the housing market.

To compete, multifamily project managers and landlords will need to understand their customers’ preferences to stay a step ahead of their competition and attract and retain residents in their communities.

A new report from NMHC and Kingsley Associates provides the latest research on the preferences of renters bases on survey results of more than 250,000 multifamily residents in the U.S., revealing which apartment and community features they won’t rent without, which they value most, and the latest trends that will affect their decisions about where they choose to rent in 2020.

Property managers preparing their growth strategy for next year will benefit from taking into account the following six factors revealed to matter most to renters.

Management Quality

Renters tell us that the quality of their rental experience is not limited to the unit they occupy. Frustration with the quality of management at their community is the reason 31 percent of residents report for moving to a different apartment—the second most common reason noted.

Improving the resident experience is a cost-effective way to attract and retain more residents, as it requires modifying your management company’s practices rather than investing more funds into upgrades.

Begin by listening to renters’ needs and collecting feedback through surveys and resident reviews. Identify common problems noted by renters and zero in on making changes to correct these issues and help prevent them from resurfacing in the future.

Make sure to pay attention to your community’s online reputation as well. Seventy-two percent of renters in the report stated that they visited an apartment listing site in advance of contacting the property manager for a viewing in their apartment search. Seventy-nine percent of those respondents said ratings and reviews on each site they visited influenced their decision to avoid visiting one or more apartment communities, and 85 percent stated that ratings and review content influenced their leasing decision.

When residents leave negative reviews on apartment websites, they generally expect a response. A well-crafted response that provides insight and a solution to the resident’s complaint can be invaluable toward preserving your brand reputation among both existing and prospective renters. Keep an eye on your rankings among apartment review websites. A 3.5-star rating or below is all it takes to turn away prospective renters.

Affordability

While many of the features and amenities noted in the report may drive up rent prices, affordability is still the primary concern among many renters. In fact, lower rent is the top reason 47 percent of renters noted as their reason for moving to a different apartment community.

As rent rates continue to climb nationwide, affordability has become a major concern. According to John Burns Real Estate Consulting’s rent index, which measures apartment rent valuation based on the long-term median ratio of rents to incomes, it suggests that about half of the major markets in the country are overvalued by more than 5 percent and many by 10 percent or more.

Depending on your rental property’s location and the property classes included in your portfolio, a greater emphasis on affordability over amenities may pay off in the coming year.

In-unit Amenities

When considering the most strategic in-unit amenities to add, focus on amenities that are relatively low cost to implement but offer a high perceived value for renters. Amenities that offer the greatest level of convenience in the day-to-day lives of renters.

In-unit washers and dryers are a high priority among renters, 91 percent of whom noted an interest in having this feature, and 55 stating they would not rent without it.

Ninety-two percent of renters expressed a desire for a garbage disposal, and 56 percent said they would not rent without it. As a garbage disposal is a fairly inexpensive addition, it may be a good add-on.

Ninety-percent of renters noted an interest in a dishwasher, and 63 percent of them would not rent without one. Eighty-six percent of respondents expressed interest in a microwave, with 47 percent stating they would not rent without it. Considering the relatively low cost of offering a microwave, especially a countertop unit, a microwave would make a great resident welcome gift.

Other inexpensive amenities with a high perceived value among renters include in-wall USB ports and smart thermostats, both of which show a 76 percent tenant interest. Sixty-one percent of renters are interested in TV wall mounts, which are very inexpensive add-ons. By installing wall-mounts in your units yourself, you can also ensure they are installed correctly and avoid the risk of damage or injury when renters attempt to install them.

Connectivity

In this digital age, it should come as no surprise that renters prefer apartment communities where internet access is readily available to multiple connected devices. The number one community amenity in which respondents expressed interest is reliable cell reception. Ninety-one percent of all renters noting it as important, or very important in their decision to rent and 44 percent stating that they would not rent without reliable cell service.

Many prospective tenants will actually check the quality of a community’s cell phone service during their pre-leasing walk-through.  Forty-seven percent of all renters stated that they check the connectivity of their mobile phone while touring communities.

High-speed internet access is also a top priority among renters, coming in 4th place as a highly-ranked rental feature. Ninety-two percent of renters expressed interest in high-speed internet and 48 percent stated that they would not rent without it.

In addition to the widespread frequency of remote work, High-speed connectivity is important to renters due to the popularity of online streaming services for home entertainment.  Sixty-four percent of renters currently utilize streaming services, while only 43 percent use cable, only 5 percent rely on an HD antenna, and only 4 percent use satellite.

Secure Package Delivery

Most multifamily property managers already realize the impact that the rise of e-commerce has created a demand for secure package delivery options in residential communities. Recently released shipping index highlights from Pitney Bowes shows steady growth in package delivery numbers, and 2020 is expected to surpass 100 billion package deliveries worldwide.

As renters receive more packages in record numbers, it’s no surprise that 84 percent of them noted an interest in secure, self-service 24/7 package access as a priority amenity. Seventy-six percent of respondents said they prefer package lockers for self-service pickup, compared to only 10 percent who stated they prefer a package room for pickup.

The number of packages that tenants receive monthly is also on the increase, with 39 percent of renters receiving on average 1-2 packages per month, and 34 percent receiving 3-5 packages per month. Twenty-one percent of residents receive 6 or more packages per month.

Mobile Access Resident Portal

Considering renters’ growing demand for constant mobile connectivity, it should come as no surprise that this preference extends to residents’ expectations for interacting with property management personnel at their rental community. Overall, 81 percent of all respondents stated that it is important to be able to access their resident portal from a mobile device. Sixty-four percent signed their current lease digitally, and given the choice, 58 percent of renters prefer to pay rent using a resident portal mobile app than a property website via laptop/desktop.

Read more about the 2020 NMHC/Kingsley Apartment Resident Preferences Report by visiting the National Multifamily Housing Council. View the methodology used to gather the report’s statistics here.

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