Colorado Realty and Property Management, Inc.

Category: Property management company in Denver, Colorado

Address: 1660 S Albion St #619, Denver, CO 80222, USA

Phone: +13037108391

Opening hours

Sunday: Closed

Monday: 9AM–5PM

Tuesday: 9AM–5PM

Wednesday: 9AM–5PM

Thursday: 9AM–5PM

Friday: 9AM–5PM

Saturday: Closed

Reviews

Luo

Oct 18, 2022

Worst experience we have ever had dealing with property management companies. First off with communication everything was through email the responses were never sent on a timely manner/responded to. The representative we dealt with was snotty rude no customer service skills whatsoever(Jaime).They were only good to respond or communicate when there was an HOA violation but when there was issues with the home we never heard from them we fixed anything out of pocket with no reimbursement. I don’t leave reviews but I had to make sure they knew how unsatisfied we were.

Jordyn Cagney

Oct 17, 2022

Choosing Colorado Realty and Property Management as first time landlords was the best decision! Starting with Renee, who was helpful and informative and very patient with our many questions, onboarding and getting our home marketed was a breeze and they took care of everything we needed. Mario has been taking excellent care of managing things since, and knowing our property is in good hands and our renters are taken care of means the world to us. They are communicative, thorough, and kind. I cannot recommend them enough!

Olivia Beychok-Boyer

Oct 17, 2022

Colorado Realty and Property Management has been a joy to work with. The process has been stream lined with ample attention to detail and open-communication! I can not recommend going through them enough!!

Kimberly Carnes

Oct 14, 2022

Alex has been such a pleasure to work with and has been very helpful during the start of this process!

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Questions & Answers

Can you take a picture when you post a demand?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

You need a good copy or scanned copy but a picture will only prove that you were there.

Does a demand have to be posted or will email suffice?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

Law says it must be personally served or put in a noticeable place. You have to make sure you have tried to personally see the tenant. Email does not qualify Statute says that you must post notice on the front door of the property.

When we collect the amount owed less the attorneys fees, can we do a payment arrangement?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

Yes

A Tenant moved out and still owes 3 months of rent, can that be charged on the security deposit?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

Yes. The Tenant has a responsibility to pay that rent under the lease agreement

What happens when a landlord does not show up?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

Your case will more than likely be dismissed and you will have to start again. You may loose a lot of time and money with the delay

What happens when a tenant does not show up to court?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

The courts usually take the path of least resistance and grants eviction order

Is the military a protected class in Co?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

Yes, including military veterans

Does the court charge handling fees to tenants?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

Generally no

Can you evict a tenant who has applied for rental assistant?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

No you can not

Can you charge the tenant for lawn services or yard maintenance?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

Depends on the lease agreement, but you can send a notice to comply if its in the lease

Can you prohibit installing of satellite dishes?

Colorado Realty and Property Management, Inc. | Jul 19, 2022
Colorado Realty and Property Management, Inc. | Jul 19, 2022

No you can't prohibit the installation but you can regulate where they are installed

Is landlord insurance tax deductible?

Colorado Realty and Property Management, Inc. | Jun 19, 2022
Colorado Realty and Property Management, Inc. | Jun 19, 2022

You are entitled to a tax deduction for the entire cost of landlord insurance for your rental property. Renting out real estate is considered a normal business expense by the IRS

Is there a difference in price between homeowners insurance and landlord insurance?

Colorado Realty and Property Management, Inc. | Jun 19, 2022
Colorado Realty and Property Management, Inc. | Jun 19, 2022

Landlord insurance policies generally cost about 25% more than homeowners policies for the same property. Compared to homeowner insurance, this might seem like a large price increase. Nevertheless, insurers can deny your claim if you rent out your property and do not have the appropriate insurance coverage provided by landlord insurance.

What is the difference between homeowners insurance and landlord insurance?

Colorado Realty and Property Management, Inc. | Jun 19, 2022
Colorado Realty and Property Management, Inc. | Jun 19, 2022

Homeowners Insurance The policy covers your primary residence, personal property, liability, and a few other things. ‍ Landlord Insurance This policy applies to property owners who plan to rent out their homes, apartments, or condos for an extended period and covers damages including fires, burst pipes, and some natural disasters. A landlord's insurance policy will also provide liability coverage if a tenant or guest sues and the landlord needs to pay legal fees or medical bills.

Should I get landlord insurance?

Colorado Realty and Property Management, Inc. | Jun 19, 2022
Colorado Realty and Property Management, Inc. | Jun 19, 2022

As long as the property is your primary residence, you will need homeowners insurance. If you rent it out, you need landlord insurance.

What kinds of things does landlord insurance policy cover?

Colorado Realty and Property Management, Inc. | Jun 19, 2022
Colorado Realty and Property Management, Inc. | Jun 19, 2022

An insurance policy for a landlord covers a variety of situations, such as paying for the replacement cost of a building in the event of a fire as well as legal fees if the tenant sues. An insurer will provide funds based on the amount of coverage selected by the landlord, provided it is considered a covered loss.

Why does a landlord need insurance?

Colorado Realty and Property Management, Inc. | Jun 19, 2022
Colorado Realty and Property Management, Inc. | Jun 19, 2022

Most first-time rental property owners will debate whether or not they need landlord insurance. This type of insurance is often required by lenders before lending money to purchase a rental property.

What Is Landlord Insurance?

Colorado Realty and Property Management, Inc. | Jun 19, 2022
Colorado Realty and Property Management, Inc. | Jun 19, 2022

It is essential for landlords to carefully consider all the options available for protecting their rental property and their income, which will almost certainly require a different kind of insurance than a typical homeowners policy. Landlord insurance, also known as rental property insurance, is an essential investment for property owners, whether they are considering a series of short-term rentals for a single family unit or long-term rentals for a large apartment building.

My credit score is really bad, can I still apply.

Colorado Realty and Property Management, Inc. | Nov 21, 2021
Colorado Realty and Property Management, Inc. | Nov 21, 2021

Yes, we will go over your credit rating in your application process. You may have to pay a larger deposit

My application has been denied and I earn 3x the rent, whats the reason for this?

Colorado Realty and Property Management, Inc. | Nov 21, 2021
Colorado Realty and Property Management, Inc. | Nov 21, 2021

Your move in the date is set too far out.

Did my application get approved? What's the status on it?

Colorado Realty and Property Management, Inc. | Nov 21, 2021
Colorado Realty and Property Management, Inc. | Nov 21, 2021

It takes 3 - 5 business days for us to process applications

Can you call me when the property I'm looking for is available ?

Colorado Realty and Property Management, Inc. | Nov 21, 2021
Colorado Realty and Property Management, Inc. | Nov 21, 2021

Unfortunately we don't offer that service.

What is available to rent?

Colorado Realty and Property Management, Inc. | Nov 21, 2021
Colorado Realty and Property Management, Inc. | Nov 21, 2021

All our available properties are on our website https://www.coloradorpm.com/available-rental-properties-denver-fort-collins/

Do you accept section 8?

Colorado Realty and Property Management, Inc. | Nov 21, 2021
Colorado Realty and Property Management, Inc. | Nov 21, 2021

Yes we do.

Was my application received?

Colorado Realty and Property Management, Inc. | Nov 21, 2021
Colorado Realty and Property Management, Inc. | Nov 21, 2021

It takes 3-5 business days for applications to be processed and for you to receive a response

Should you allow pets in your rental?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Our answer is absolutely. 84% of Colorado renters have pets, so its a huge chunk of the potential prospect pool. Even if you create a limitation on the numbers of pets, size of pets or breeds, that is better than having a hard no. Allowing pets will help to get your property rented faster.

Is rent by the room an emerging trend?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

No, rent by the room has been around for quite some time. we often do have landlords reach out to us to help fill a vacancy, or because they're having issues between roommates. By doing individual liability leasing, you're opening yourself up to a whole lot more stress and complications with having to keep track of each individual person's lease agreement. By doing joint and severally liable leasing, you're able to have more control over the situation by having just one lease to keep track of.

Can a landlord enter the property without permission?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

As long as you have a well written lease agreement that clearly defines the terms for entering the property, and you get the proper notice you are allowed to enter that property without their tenants permission.

Can a tenant refuse landlord entry?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

As long as you have a well written lease agreement that defines the terms for a landlord to enter the property, and proper notice has been given per that lease agreement, a tenant cannot refuse a landlord entry.

Is it better to use a month to month lease?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

In our opinion, no. There is much more stability and less risk for the landlord if you have a long term lease agreement. We typically recommend having that lease in place for about 12 months.

What are the most basic obligations of tenants?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

The most basic obligations of tenants are to pay rent on time, and to follow the lease terms in Colorado. Residents are also required to keep a clean and sanitary home, as well as to respect the quiet enjoyment of the property for any other residents on the premises.

Is Colorado considered a landlord friendly state?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Colorado can be considered a landlord friendly state, because evictions for unpaid rent are generally resolved faster than in other states, and in Colorado, you don't actually have to provide advance notice to enter the property.

What can a landlord not do?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

No matter what tenants think or believe they cannot refuse a landlord's entry to the property if all legislative requirements have been met. However, if the tenant is being aggressive or physically blocking entry to the property, it is in the landlord's best interest to leave the property.

Can you sue tenants for rent?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

No matter what tenants think or believe they cannot refuse a landlord's entry to the property if all legislative requirements have been met. However, if the tenant is being aggressive or physically blocking entry to the property, it is in the landlord's best interest to leave the property.

Is purchasing a rental property in Denver a good investment?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Absolutely. The Colorado Housing Market is super strong and Denver, Colorado is one of the most desirable areas to live. So many people move here all the time so it's a great opportunity to have a rental property.

What cities in Colorado have the best real estate market as a whole?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

The Colorado Housing Market is super strong, and it's a very desirable area to live. However, in most populated areas with lots of diverse properties, and the most popular places to live, would be Aurora, or Collins, Denver and Colorado Springs.

Do property managers pay for repairs?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

No. Either the landlord or the tenant is responsible for the maintenance cost. Tenants are responsible for any costs associated with misuse, abuse, or negligence. Whereas the landlord is responsible for any costs associated with normal wear and tear.

What questions to ask before renting?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Are you looking to make long or short term gains? Do you have the capital in place to be able to cover large or small maintenance expenses? Is the property in a rent-ready condition? Is it safe for a tenant to move into?

Do you have to give 60 days notice of the end of a lease?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Colorado law requires a 30-day notice before the lease ends for tenants to vacate the home. However, it is good practice to provide a 60 day notice to vacate. This gives you plenty of time to prepare to list the property again. Giving a 60-day notice will also give the current tenant plenty of time to find their next home.

Do you have to give 60 days notice at the end of a lease?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Colorado law requires a 30-day notice to vacate for tenants. However, it’s a great idea to give a 60-day notice. This allows ample time to prepare the property for going back on the market. Therefore this also gives the existing tenants enough time to find their next home.

So, no tenants can be evicted?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

The Order is not a complete moratorium on evictions. Non-monetary lease violations are not protected under this order. Landlords may continue to serve demands for compliance, notices to quit for a repeat violation, notices to quit for substantial violations and a notice of non-renewal. Landlords can charge tenants late fees, penalties, or interest for nonpayment of rent. Tenants are still obligated to pay rent and comply with their leases.

Do landlords have to do a walk through?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Property walk throughs help ensure that your property stays in the right condition. It’s recommended to do a property walk through before a tenant moves in and after a tenant moves out. It’s important to take photos at these walk throughs. If you need to retain some or all of a security deposit to remedy damages at the property.

Can a landlord tell you how clean to keep your house?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Unless there’s a threat to health or safety, a landlord cannot typically dictate how clean a tenant keeps their property.

Rental Estimate: How much can I rent my house for?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

There are several factors that contribute to a great rental estimate, including the property size number of bedrooms and bathrooms, the overall total finished square footage, the location condition, and finishes. I like to take a look at properties that are also currently listed on the market to see what they’re listed for, how long they’ve been listed and how much interest they received during their time on market.

How much should rent go up each year?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

On average rent can typically go up anywhere from 3-5%. Of course, this can change depending on where your property is located, market conditions, and seasonality. But you can pretty much count on a 3-5% increase in rent.

Can a landlord deduct painting from a security deposit?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Yes. If there are excessive wear and tear to the walls. If there are scuffs on the walls, excessive nail holes damage in the form of chipping. Or if they were painted another color by the tenants and not painted back to the original color. A landlord can use funds from the security deposit to paint the walls, back to their original condition.

What happens when a tenant refuses to vacate the home?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

If the tenant refuses to vacate the apartment at the end of their lease, there are some steps that must be followed. This ranges from giving you a notice to vacate at your door, to proceeding with an eviction.

What happens if a tenant refuses to leave?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Well, if the tenant refuses to leave and overstayed their welcome, there are a few steps you can take to removing them from the property. First, it starts out with some postings and then it can go down the eviction route

How long can a tenant stay without paying rent?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Well, under the current circumstances, things are just a little bit different than what they normally are. Right now, there is an executive order from Governor polis, as well as the CDC order that is allowing tenants to stay in properties and not pay rent.

How to evict someone out of your house?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

The first step is to post the property with a demand for rent or compliance, whatever the issue may be. There is usually a set amount of time in which this needs to be remedied. If it is not, then you can move forward, with filing the eviction with the courts.

Do property managers have to cover the cost of maintenance?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

The answer is no. It is the responsibility of the tenant or owner to cover maintenance costs. Tenants are responsible for maintenance related to misuse, abuse or neglect of the property and the owner is responsible for maintenance costs associated with normal wear and tear.

Do tenants prefer professionally managed properties?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Tenants prefer professionally managed properties for a multitude of reasons. Some of which include better communication, a dedicated after-hours emergency maintenance line, and the comfort of knowing that their professional property manager knows how to follow all of the landlord laws.

Should I hire a property manager?

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

Absolutely. A property’s managers job is to reduce liability mitigate risk, maximize your rental income, and provide peace of mind.

Questions to ask when renting an apartment.

Colorado Realty and Property Management, Inc. | Oct 17, 2021
Colorado Realty and Property Management, Inc. | Oct 17, 2021

When renting out an apartment, there are some important questions that you’ll want to ask. Most of these questions can be answered by conducting a thorough screening of these prospective tenants. This includes background checks, employment verifications, rental verifications, and credit checks as well.

With the recent CDC Eviction Moratorium Order does this mean no tenants can be evicted?

Colorado Realty and Property Management, Inc. | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

The Order is not a complete moratorium on evictions. Non-monetary lease violations are not protected under this order. Landlords may continue to serve demands for compliance, notices to quit for repeat violation, notices to quit for substantial violations, and notice of non-renewal. Landlords can charge tenants late fees, penalties or interest for nonpayment of rent. Tenants are still obligated to pay rent and comply with their leases. For additional information read more here: https://www.coloradorpm.com/cdc-eviction-moratorium-order-for-nonpayment-of-rent/

Can you give me advice on buying an investment property in Colorado?

Sheena Marie Baño | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

Absolutely! We have very experienced Agents that specialize in helping people buy investment properties.

What should I look for in a good real estate company?

Sheena Marie Baño | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

Experience, expertise and best practices.

Do you rent out homes in Thornton too?

Sheena Marie Baño | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

Yes. We manage properties in Thornton and the cities that surround Thornton. We manage all across the Greater Denver Metro area.

Can you manage my rental property in Denver even if I live somewhere else?

Sheena Marie Baño | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

Yes, about half of our property owners live outside of Colorado, or in other countries.

What areas besides Denver do you serve?

Sheena Marie Baño | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

We serve the Greater Denver Metro area consisting of several cities and communities. We manage properties as far North as Firestone, CO and as far south as Castle Pines, CO.

How many property managers do you have working in Denver CO?

Nikki Van Reenen | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

12 total. We manage our properties with departments. Having departments, not individuals juggling everything, allows us to be results focused and more efficient. We have departments focused on maintenance, accounting, owner relations and tenant relations.

Do you handle investment property?

Nikki Van Reenen | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

All the properties we manage, are investment properties. We work for first time landlords, accidental landlords, and long term investors.

What services do you offer in Denver?

Nikki Van Reenen | Oct 17, 2020
Colorado Realty and Property Management, Inc. | Oct 17, 2020

We help homeowners become successful landlords. Our services include: pricing and preparation of the property, property marketing and showings, applicant screening and approval, property leasing, Tenant move-in, lease enforcement, rent collection, rent proceeds distribution and bookkeeping, maintenance and repair, eviction and security deposit disposition.

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