5 Reasons All County® Should Manager your Property

5 Reasons All County Should Manage your Property

by COL(R) Scott Glascock MPM® RMP®

5 Reasons All County Should Manage your Property: Managing your investment property yourself means a lot of work. From tenant screening to preparing lease documents, you’ll be busy. But don’t let the idea of all this work prevent you from investing in rental property and securing a good course of passive income. Instead, consider hiring a property management company. Here are 5 reasons All County should manage your investment property.


1. Boost your investment property’s value

A basic function of a good property management company is to maintain your property to high standards. Well maintained properties get premium rents and short vacancy times. They’ll also fetch the highest market price when you decide to sell. We’ll visit the property often to check on the status of the landscaping. We’ll document the move-in and move-out of tenants, so fixes can happen right away.


2. Choose the highest-quality tenants

Finding high-quality tenants is a no-brainer, but is harder than it sounds. You have to look through tons of applications and choose who looks the best, and you may end up just taking whoever applies to get your property filled. We have tools and expertise to help find and keep the very best tenants.


3. Provide emergency maintenance

Don’t want emergency calls from tenants at all times of data and night? If you’re going it alone as landlord, these calls can interrupt your family life and daytime job. With our phone system, these calls come directly to us 24/7, easing your stress. All you’ll need to do is approve the work order.


4. Avoid long vacancies

A month of vacancy can cause your investment property to lose money. We’ll work to ensure your home always has a tenant. We know the market and have the marketing expertise to reach prospective tenants.


5. Know the law

Nothing cuts into your time like court appearances. We have legal partners to easily handle evictions and nuisance suits, something that can come up anytime when dealing with tenants.

Would you like to find out what All County® Colorado Springs can do for you? Call us today to get a free assessment of your investment property. (719) 445-7172 You’ll be glad you did!


Read more

Want to see more than 5 reasons All County should manage your property? Read more of our property management blog posts by clicking here.

To read more about property management from Bigger Pockets, click here.

April 2020 Colorado Springs real estate statistics

April 2020 Colorado Springs Real Estate Statistics

April 2020 Colorado Springs real estate statistics
April 2020 Colorado Springs real estate statistics

April 2020 Colorado Springs real estate statistics: The results from the COVID-19 restrictions are starting to affect the local real estate results. The number of new listing is down 24% and sold listings is down 7.7%, showing the agents could not work at full capacity. The Days on Market is down a whopping 35.5% because people snatched up homes while they still could, fearing what might happen in the market.

What does the real estate market in April tell us about rental homes? There are not enough homes on the market, homes are still priced high, and there is record unemployment. More rental homes are needed!

If you have investment property you’d like to rent out, call us today at (719) 445-7172 Here are some of the numbers in the PPAR region for April. You can read more by clicking here: https://ppar.com/MarketTrends.aspx. See last month’s statistics by clicking here.

New Listings: 1,458

This number is down 24.2% from last year, showing that real estate agents could not get out there listing homes.

Total Residential Sales: 1,219

This number is down 7.7% from last year. Again, this shows that real estate agents were restricted in their selling activities.

Total Active Listings: 1,589

This is up 1.1% from April of 2020. Not enough homes are being listed.

Median Price of Home: $360,000

Still rising. Home prices are going up at a record rate.

Average Days on Market: 20

Down 35.5% from last year, showing that homes were snatched up before COVID-19 restrictions kicked in.

Summary

April 2020 Colorado Springs real estate statistics: The results from the COVID-19 restrictions are starting to affect the local real estate results. The number of new listing is down 24% and sold listings is down 7.7%, showing the agents could not work at full capacity. The Days on Market is down a whopping 35.5% because people snatched up homes while they still could, fearing what might happen in the market.

What does the real estate market in April tell us about rental homes? There are not enough homes on the market, homes are still priced high, and there is record unemployment. More rental homes are needed!

Call us today at: (719) 445-7172 for more information about renting out your home in Colorado Springs.

All County® is here for you!

February 2020 Colorado Springs PPAR Real Estate Statistics

March 2020 Colorado Springs Real Estate Statistics

March 2020 real estate statistics: Before the COVID-19 restrictions, 2020 real estate had a strong start, setting records in home prices and sales. The Colorado Springs real estate market did not slow down in March.

What does the real estate market in March tell us about rental homes? More people are having trouble affording to buy a new home as one prices rise, and there are not enough homes on the market, causing a need for rentals. If you have investment property you’d like to rent out, call us today at (719) 445-7172 Here are some of the numbers in the PPAR region for March. You can read more by clicking here: https://ppar.com/MarketTrends.aspx.

See last month’s statistics by clicking here.

Total Residential Sales: 1,270

This number is up 3.8% from last year, showing the market is still growing.

Total Active Listings: 1,328

This is down 9.1% from March of 2019, illustration the lack of homes for sale, and why rentals are in high demand.

Median Price of Home: $352,400

Still rising, up almost $40,000 from last year.

Average Days on Market: 29

Down 19.4% from last year, showing that homes are being snatched up faster.

Summary

Before the COVID-19 restrictions, 2020 real estate had a strong start, setting records in home prices and sales. The Colorado Springs real estate market did not slow down in March.

What does the real estate market in March tell us about rental homes? More people are having trouble affording to buy a new home as one prices rise, and there are not enough homes on the market, causing a need for rentals. IF you’re looking for a home to rent, check out our available rentals at: http://allcountycs.com/available-rentals

Call us today at: (719) 445-7172 for more information about renting out your home in Colorado Springs.

All County® is here for you!

Al County® Colorado Springs property management COVID 19 Announcement to Residents

COVID 19 Announcement to Residents

COVID 19 Announcement to Residents

COVID 19 Announcement to Residents: during these difficult times, All County® will continue to operate as we have in the past.  We are taking the COVID-19 issues one day at a time. We understand just like everyone the challenges of the situation, and are doing our best to keep up with all of the constant flow of information.

Until there is clear guidance and our government has made funds available, let’s keep working together and communicating, and take it day by day as new programs are established.

Maintenance Issues

If you have a maintenance issue, continue to submit them like you always have through Property Meld.

Paying your Rent

Rent payment options remain the same again until any definitive federal and state guidelines are published.

Pay Online

Call the office, and we will email you a link to set up your tenant portal to pay online.  Apx. $2.95 fee for each transaction.

Cash Pay

You can pay at a number of vendors throughout the community, including grocery stores, WalMart, and other locations with a PayLease account number for cash payments.  If you don’t have a cash pay account already, please call the office and we’ll create an account for you.  Apx. $4.00 fee for each transaction.

Check by Mail

Mail your rent check to All County 811 S. Tejon, Colorado Springs, CO  80903.

To learn more about ways to pay your rent, view this video.

Don’t hesitate to contact us

Please call us if you have any questions at: (719) 246-3294. Or email us at: contact@allcountycs.com.

For more Information

For information from the World Health Organization, click here.

Sincerely,

Your All County® property management team

All County® Colorado Springs
5030 Edison Ave, Suite 150
Colorado Springs, CO 80915
(719) 445-7172 – Main Line
(719) 445-6252 – Fax Line

February 2020 Colorado Springs PPAR Real Estate Statistics

February 2020 Colorado Springs PPAR Real Estate Statistics

February 2020 Colorado Springs Real Estate Statistics

February 2020 Colorado Springs Real Estate Statistics: The median sales price in February broke a record in the Colorado Springs PPAR. With a median of $341,000, this is up almost $30,000 from February 2019, a huge jump. Home inventory is still at a record lows. Full employment and low interest rates are continuing a strong seller’s market.

What does the real estate market in February tell us about rental homes? More people are having trouble affording to buy a new home, and the PPAR market needs more rental homes. If you have investment property you’d like to rent, call us today at (719) 445-7172 Here are some of the numbers in the PPAR region for February. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

See more of our real estate statistics blogs by clicking here.

Total Residential Sales: 985

This number is up 6.7% from last year.

Total Active Listings: 1,085

This is down a whopping 28.5% from February of 2019, leading to a lack of homes for sale.

Median Price of Home: $341,000

Still rising, up 8.3% from last year at this time.

Average Days on Market: 33

Down 23.2% from last year, again illustrating the lack of homes to choose from.

Summary

The median sales price in February broke a record in the Colorado Springs PPAR. With a median of $341,000, this is up almost $30,000 from February 2019, a huge jump. Home inventory is still at a record lows. Full employment and low interest rates are continuing a strong seller’s market.

What does the real estate market in February tell us about rental homes? It’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs! Check out our available rentals at: http://allcountycs.com/available-rentals

Call us today at: (719) 445-7172 for more information about renting out your home in Colorado Springs.

All County® is here for you!

5 Ways to to maximize your investment property profits

5 ways to maximize your investment property profits

*without a lot of work

Real estate investments are about one thing. Profit. And to get strong returns on that investment, you need strong management. Keeping your properties rented and maintained can be complicated. You also want your property to be priced right, and to have a lease that will protect you. Hiring a good property management company can be the best thing you can do to increase your rental income. Here are 5 ways to maximize your investment property profits.

1. Maximizing the rent

You want to be informed of property values changes so the rent can be adjusted. In Colorado, home values have been rising steadily for years. It’s important to watch the real estate market to be able to adjust the rent accordingly. Want to stay up on the real estate market yourself? Follow us on Facebook, Instagram, Twitter, and LinkedIn.

2. Collecting your rent on time

To make money, you must collect the rent on time too over your own expenses. The more pay options you offer your tenants, the more likely they will pay on time. All County® offers a convenient tenant portal on our website to make paying the rent easy for residents. If a tenant doesn’t know about these options, they can’t use them, so we focus on tenant education. Click here to see one of our tenant educational videos, Paying Your Rent. Then if the tenant doesn’t pay on time, make sure your lease lays down how late payments and collection procedures are handled, so you can recover late rent without a problem. Click here to read our blog about Collecting your rent on time.

3. Keeping your property rented

You won’t make any money if your rental property has no tenants, and it’s just as important to keep quality tenants in your property. A good tenant screening process assures that stable renters are in your properties, so they’re less likely to walk away, cause damage, or not pay their bills. When the tenants decide to leave, you want a smooth transition. Make sure the tenant gives plenty of notice before they vacate, and market the residence while they’re still there. You want to make sure that a new tenant can move in immediately, lowering vacancy time.

4. Maintaining your property’s value

Keeping your investment property in good repair is a no-brainer. To accomplish this, you must focus on preventative maintenance. Make sure there’s an easy way for your residents to let you know about maintenance requests. Make it easy to submit a maintenance request, and your tenants will keep your property in shape. The All County® resident portal allows your tenants to submit maintenance requests from the website. They can do it right from their mobile device! The sooner the issue is known, the sooner it can be fixed, and your tenants stay happy.

You must also make sure seasonal maintenance is done. All County® sends out approved vendors we’re sure of, and then the tenants are surveyed to find out how they rate the work. This helps us know how the vendors are doing, and if your property is being kept up to your standards.

5. Keeping everything legal

An good lease is essential to successful property management.  It protects you from unwanted lawsuits, maintenance expenses you’re not responsible for, and broken leases. When all else fails, you want access to legal experts to keep you out of the courtroom. All County® has relationships with attorneys and experts we trust.

Summary

You want your Colorado investment properties to be profitable. It’s a job that takes time and expertise. If you on landlord responsibilities yourself, you won’t have the time you need to develop new properties. By hiring a property management company like All County®, you will maximize your profit and be able to use your time to increase your portfolio. Call us today for a free estimate, and to learn more about 5 ways to maximize your investment property profits! We’re waiting for your call. (719) 445-7172.

How to Have Good Tenant Communication

How to Have Good Tenant Communication

How to Have Good Tenant Communication: To be successful as a landlord, you need good communication with your tenants. Even if you take the time to select responsible tenants, constant communication is important. They will have maintenance issues, and possibly even maintenance emergencies. They will have life changes that also require lease changes, like marriage or getting a pet. If your tenant is redeployed or dies, you’ll need to replace your tenants sooner than you expected.

A good property management company will have programs in place to make all changes to your property easy. This is how to have good tenants communication! Some of the programs and systems All County® has in place are listed here. If you have any questions about how All County® can make your tenants communication easy, call us anytime at: (719) 445-7172.

All County Systems to Aid in Tenant Communication and Record Keeping

  • Rent Manager Accounting Information System: (Live Interactive Owner, Tenant & Vendor Portal)
  • LCS Net Dial Tone VOIP Telephone System: State-of-the-art phone system tied directly into our Property Management software. 
  • Property Meld: Vendors, internal maintenance, resident and owner direct communication and maintenance enhancement tool.  
  • Pet Screening: Assist/manage tenant pets and assistance animals, adds a layer of third-party liability protection, validates service animal statuses, creates comprehensive Pet Profiles.  
  • AvidXchange: Accounts payable and payment automation 
  • Listen360: Continuous surveying of tenants to ensure quality service 
  • Hostway: Managed, dedicated and secure hosting services 
  • ShowMojo: Marketing automation, online prospect nurturing. Showing scheduling and market syndication to over 50 online listing sites.
  • QwikRents: SEO optimization and marketing syndication 
  • MAPP Communications: 24/7 emergency lines and notification 
  • Zoiper: All employees have app on phone to provide continuous contact with residents (tenants) 
  • IT: Secure and reliable services 
  • Zinspector: Video/picture software (move-in, move-out, recurring inspections) for Security Deposit Disposition 
  • Multiple Listing Service (MLS): Pikes Peak Association of Realtors (PPAR)
  • AmRent: Resident screening services
  • Social Networks: Tenants and owners are encouraged to follow us on our social networks, so they can be informed of daily news and announcements. We have accounts on Facebook, Instagram, Google Business, Twitter, and LinkedIn. We also advertise available properties on Facebook and Instagram.
How to collect your rent on time

How to Collect Your Rent on Time

If you have investment properties and have rented them out, you know the problems that come from not being able to collect rent on time. You not only have to cover the mortgage payment yourself, you have to spend time to go about collecting the rent. This can be costly and irritating. Here’s how to collect your rent on time.

Make recurring auto-pay the default

When a new tenant signs your lease, make recurring auto-pay the default. If they want to pay a different way, they’ll have to opt-out. They’re more likely to have their account debited each month automatically if it is the default way to pay.

Make use of notifications

Notification of trivial things can get on your nerves, but they can be put to good use for the important things. Set up automatic monthly notifications through text or email. Include a link to click on the reminder to make a payment online.

Create incentives

Credit reporting. Free stuff. Incentives go a long way to encourage tenants to pay on time, even if the incentives are small.

It costs a lot of money to send someone to a property to post a late notice. Offering a lottery to all tenants who pay on time is cheaper. For instance, offer a drawing every month of a Walmart gift certificate for tenants who pay on time.

If rental payments made through your payment portal are reported to credit agencies, your residents can build a positive credit history. This is a good offer, and the tenants will see you as being on their side.

Offer multiple payment options

People are all different, and so are the way they like to pay their rent. The more ways available to your tenants pay, the more likely they’ll pay their rent on time on time.

Offer them the option to pay online. Then, they can pay when they remember, even from their phone at the doctor’s office. Or let them set up recurring payments, so they don’t have to remember every month. The more options, the more payments will come in on time, and the less complaints you’ll get.

Hire All County® property management

Did you know that property management companies like All County® offer options to tenants to make paying their rent easy? That way, you don’t have to know how to collect your rent on time, All County® will do it for you.

We accept cash, checks, and money orders. Tenants can also pay rent through the Resident Portal directly from our website that allows them to pay with a credit card, debit card, or e-check.

With all these options, residents are way more likely to get their payments in on time. There’s no cost to the tenant for using the e-check, so that’s what most tenants choose to do.

If you have an investment property and you hire All County® to manage it, we’ll collect the rent monthly, and transfer the payment to you. Then you can check your account through our website’s Owner Portal to see the payment been deposited to your account. You don’t have to do anything.

If collecting monthly rent isn’t on your bucket list, hiring us is a good step. Call All County® today to get a free assessment of your investment property, and leave the money collection to us! (719) 445-7172

What if they still don’t pay?

If your tenants still don’t pay their rent on time, you’ll have to deal with it. If you don’t have a property management company to help you, here is a Colorado government source to check out:

Colorado Landlord and Tenant Rights

If you’re looking for a rental property, see our list of available home for rent in Colorado at:

Our available rentals

October 2019 Local Real Estate Stats Colorado Springs

October 2019 Local Real Estate Stats Colorado Springs

October 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has moved into a seller’s market this October. That means that people who are selling a home have the advantage over those that are trying to buy.

What does that tell us about rental homes? People who are having a hard time trying to buy need a rental home, so it’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs! If you have investment property you’d like to rent, call us today at (719) 445-7172

Here are some of the numbers in the PPAR region for October. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,448

This number is down 9.7% from last year, quite a jump.

Total Active Listings: 1,940

This is down a whopping 18.3% from October of 2018.

Median Price of Home: $335,500

Still rising, up 10% from last year at this time.

Average Days on Market: 29

Down 6.5% from last year. One of the statistics you want to be down!

Summary

October 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has moved into a seller’s market this October. That means that people who are selling a home have the advantage over those that are trying to buy.

What does that tell us about rental homes? People who are having a hard time trying to buy need a rental home, so it’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs!

If you need to rent a home in Colorado Springs, check out our available rentals at: http://allcountycs.com/available-rentals.

Call us today at: (719) 445-7172 for more information about renting out your home in Colorado Springs.

All County® is here for you!

Can you trust your property manager?

Can you Trust your Property Manager?

If you trust your property manager, you’re set. You know that he will take care of your property, so it retains it’s value. You know you’ll have tenants paying you, and those tenants are good people. You know you can access your account at any time to check on your investment. But how do you know if you can trust your property manager?

Choose a member of NARPM®

The answer is easy. Choose someone who is a member of NARPM® (the National Association of Residential Property Managers). 

A NARPM® member stands apart from other property managers and landlords, because to earn a NARPM® designation, a property manager has to pass rigorous requirements. They have all the things you want: training, experience, recommendations, community responsibility, and continuing education. They must continue to accrue requirements in order to move up the NARPM® ladder to become fully certified.

Some of the things NARPM® property managers have are:

  • Access to numerous educational opportunities.
  • Knowledge of pending legislation that could affect your investment.
  • Knowledge of rent values and vacancy factors for your area.
  • Expertise in creating rental applications, with consistent tenant screening policies to meet legal obligations.
  • Expertise in performing thorough move-in and move-out property evaluations.
  • Relationships with reputable painters, electricians, roofers, chimney cleaners, carpenters, landscapers, furnace and appliance repairmen, and other maintenance professionals. (We call them vendors.)
  • Effective negotiation techniques with tenants, so they can handle difficult issues and enforce rental agreements.
  • The ability to recover NSF checks, evict tenants, and collect bad debts.

All County® Colorado Springs is a member of NARPM®

All County® Colorado Springs has 20 years serving the Pikes Peak region. Our president has the highest designation a property manager can reach, the MPM®. (Master Property Manager), which takes years and experience to earn. Here is a list of our employees with NARPM® designations.

All County® Colorado Springs NARPM® Designations
All County® Colorado Springs NARPM® Designations

Links to find out more about NARPM®

Why use a property manager who is a member of NARPM®
The Colorado Springs chapter of NARPM®
Search for a property manager who is a member of NARPM®