PROPERTY MANAGEMENT
Looking For Property Management In Colorado Springs?
Hi – This is Anneliese Henley from CORE Real Estate Group in Colorado Springs. Are you looking for a great property manager and need an experienced, and patient Real Estate professional to help you manage your properties? Give us a call today and let’s get started!
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(719) 367-8657
Property Management In Colorado Springs
If you are looking for an experienced property management professional in Colorado Springs, then look no further!
At CORE Colorado, we take care of everything concerning property management including operational, financial, and tenant-related duties. We understand understand state-specific laws governing rental properties, as well as federal laws like the Fair Housing Act, which prohibit discrimination based on race, color, national origin, religion, sex, familial status, and disability.
Here are many of the aspects of our Professional Property Management Group’s responsibilities to you.
Tenant Management
Tenant Screening: One of the primary responsibilities is to screen potential tenants. This involves checking references, credit histories, and background checks to ensure that the tenants are reliable and financially stable.
Lease Agreements
You’ll be responsible for preparing and executing lease agreements, ensuring that they comply with state laws. Colorado has specific regulations on security deposits, eviction procedures, and other tenant rights.
Tenant Relations
Handling tenant complaints, requests for repairs, and other issues are part of this role. Efficiently resolving these issues can lead to higher tenant retention rates.
Evictions
Should it become necessary, you’ll have to carry out eviction procedures in accordance with Colorado’s landlord-tenant laws.
Property Maintenance and Repairs
Routine Maintenance
Regularly scheduled maintenance activities, such as lawn care, snow removal, and cleaning of common areas, will be your responsibility.
Emergency Repairs
You’ll have to arrange for emergency repair services for issues like burst pipes, electrical failures, or other urgent matters that require immediate attention.
Inspections
Regular inspections of the property to ensure that it meets safety standards and is in good condition are typically carried out.
Financial Management
Rent Collection
This involves not only collecting rent from tenants on a monthly basis but also issuing late fees when necessary.
Budgeting
You may be responsible for preparing and managing the property’s annual budget, including anticipating major repairs and setting aside reserves for them.
Expense Management
This includes paying utility bills, property taxes, maintenance costs, and any other expenses related to the property.
Financial Reporting
Property owners often require detailed monthly or quarterly reports on income, expenses, and any changes in the value of their property.
Marketing and Vacancy Filling
Property Listing
You’ll have to list vacant properties across multiple platforms to attract potential tenants. This includes advertising, conducting showings, and leading prospective tenant tours.
Pricing Strategies
Setting an appropriate rental price based on market analysis to ensure that the property is neither overpriced nor underpriced is another important aspect.
Regulatory Compliance
Local Laws
Complying with municipal, county, and state laws and regulations, including building codes, licensing requirements, and health and safety standards, is mandatory.
Record-Keeping
Accurate and detailed records for each property and tenant should be maintained, which might be necessary for legal or tax purposes.
In summary, our professional property management in Colorado involves a balance of administrative tasks, people skills, and an understanding of both state and federal laws. Due diligence, effective communication, and a proactive approach are essential for successful property management of your rental property!
Give us a call today and let’s discuss how we can take the stress and the worry out of property management for you!
Contact
Contact Us Here!
You can contact CORE Real Estate Group here! Please let us know how we can help you.
Testimonials
“Always supportive and works around our schedule! Very hardworking and motivated. Thank you!”
The Jetton Family
“Definitely recommend them if you need to buy or sell!! Very professional and responsive! Loved working with them.”
“Anneliese is an amazing realtor who goes the extra mile to help her clients find their future home!”