As the impacts of COVID-19 continue to spread and landlord/tenant laws change, it can be tempting for many investment property owners to think self-managing is a good way to save money.
While this strategy seems advantageous for some, there simply aren’t enough hours in the day for overseeing the day-to-day operations of investment real estate while remaining a full-service landlord to the residents, especially with the increasing level of Resident demand we are observing as millennials continue to flood the rental market.
YOUR RESIDENTS’ AND PROPERTY NEEDS ARE HIGHLY UNPREDICTABLE, LEAVING FINANCIAL AND TIME STRESSORS TO POP UP AT ANY MOMENT.
Legislations passed in the last year, and particularly in the last few months in response to Corona Virus, have narrowed the timelines for Landlord response windows regarding certain repair/maintenance concerns while extending a tenant’s timeline to remain in a property without paying rent. Owners who do not attend to these new laws strategically and within the specific timeframe as is required face extreme financial losses. Our legal team ensures that we are privy to every change impacting owners and residents in Colorado with enough notice to accommodate new policies seamlessly.
New softwares do provide self-managing property owners with a lot of features, but they all fall short in their ability to offer comprehensive services in compliance with fair housing. Take a look at where these software programs may leave you vulnerable to a lawsuit
When you choose to hire MOD Properties to manage your rental, know that your investments are well-taken care of with maximum potential for return. In fact, we will work with you directly to accommodate whatever locus of control you are most comfortable with so that you can rest easy.