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!


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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

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.