Competition is sky high for rentals, making it challenging for residents to find a place to call home. The problem doesn't look like it will correct itself anytime soon, but that doesn't mean you're hopeless. There are things you can do to improve your odds of locking in a rental contract, and none of them require over-the-top preparation or extra capital.
Colorado law requires every residential lease to include a Warranty of Habitability. This warrant sets the minimum standards for landlords in preparing and maintaining properties, and it also establishes reasonable responsibilities for tenants.
The real estate market is changing.
Thinking of selling your property? The Internal Revenue Service (IRS) considers your home an asset—thus, it's subject to capital gains tax. If your property appreciated in value (and it probably did), you might have to pay taxes on your gains, which could be as high as 20% for long-term capital gains.
Being a landlord is hard work. There's no way around it.
As a landlord, you want to find the right tenant for your property. Whether you realize it or not, you probably have a picture-perfect idea of who you want to live there.
Ah, the 1031 exchange—perhaps the most money-savvy way to defer capital gains taxes while building your long-term wealth.
Americans love their pets. Simple as that.
Making big property decisions? Whether you've inherited a new piece of property or are just moving to a new location, you have important choices to make.