evicting tenants during the holidays

Should You Avoid Evicting Tenants During the Holidays?

Evicting tenants during the holidays is never a pleasant experience. Business is business, but a landlord can feel like a heartless Scrooge in this situation. Holidays are a time for caring for and giving to those around us. Telling an individual or a family that they’ll lose their home isn’t a cheerful message to deliver.

At the same time, you have to consider your financial needs and the responsibility you owe to your other tenants. You may also be struggling financially, or perhaps you have a family to support. If you start making exceptions, other tenants may expect you to be lenient. This could affect your entire business and the stability you provide to current tenants. If your business starts to suffer as a result of your kindness, for example, you may have to raise rent for others. That isn’t necessarily fair to those who are keeping up with their responsibilities and paying rent on time. What should you do? If you’re planning to evict tenants during the holidays, here are some things to consider.

Should You Avoid Evicting Tenants During the Holidays?

First, Know the Law

In most states, landlords can’t evict tenants on Sundays or nationally recognized holidays. We recommend checking with your local government prior to sending out an eviction notice. Weekends and holidays are not allowed as waiting periods in some municipalities in Colorado. Therefore, if you give a ten-day notice that ends on a holiday, it would actually go into effect on the following business day. You should also keep in mind that you cannot evict anybody without a sheriff and a court order. Read more about how to handle evictions in Denver here.

Consider Whether You Can Delay an Eviction

If you’re unsure about evicting a tenant during the holidays, you may want to consider your options. First of all, can you afford to delay the eviction? What shape is your business in right now? Are you able to offer your tenant leniency for a month or two? If the answer is no, it’s likely you’ll have to proceed with the eviction. You may be able to make an exception, however, if you are in good financial standing this holiday season. Ultimately, the decision rests with you, and there’s nothing wrong with letting your principles guide you. If you don’t feel right about evicting tenants during the holidays, follow your instincts. You don’t want to make a decision that will weigh on you later. On the other hand, it’s worth noting that there is never a good time to evict tenants. Will waiting only make you delay the inevitable even longer?

If You Must Evict, Be Compassionate

Let’s say you’ve decided to evict a tenant during the holidays. In addition to following state laws, you should broach the subject with as much humanity as possible. Let your tenants know that the decision was not personal and you wish them the best. If you want to take further steps, consider connecting them to local resources or a community shelter. Evicting a tenant is a business matter, but there’s no need to be cold or unkind. All of us go through hardships, and more compassion is needed during the holiday season.

Partner with All County Denver South for Top-Notch Property Management Services

If you need a property management company in Denver, look no further! All County Denver South Property Management is here to help property owners have confidence in the quality of their tenants and the security of their property through knowledgeable and trustworthy property management services. From managing tenant relationships to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote, or to learn more, call us at (720) 664-4550.

Last-minute Halloween Tips

Keep Your Tenants Safe with These Last-Minute Halloween Tips

Witches, mummies, ghouls and vampires will be descending on your property soon, but believe it or not, that shouldn’t be your #1 concern. Halloween also brings out spooky décor, crowds of children, and late-night revelers. Safety hazards are more likely due to increased risks on Halloween, so it’s important to stay vigilant. The goal is to ensure that your tenants have fun and don’t end up in the emergency room at the end of the evening. You also don’t want to be held liable for any accidents or misbehavior on the property. These last-minute Halloween tips should help you cover your bases so that when night falls, your only task will be handing out candy.

Keep Your Tenants Safe with These Last-Minute Halloween Tips

Make Sure Outdoor Areas are Lit Properly

With trick-or-treaters wandering around the property, you’ll want to be sure the area is well-lit. Costumes often include trip hazards in themselves (capes, masks, bulky outfits) but you can’t control what your tenants choose to wear. What you can do is make sure all areas are visible so parents and kids can see where they’re going. Additionally, criminal activity is much more common in dark, shadowy spots. Prevent this by repairing any damaged lights and installing new fixtures before Halloween night.

Remind Tenants about Fire Safety Protocol

This is a crucial last-minute Halloween tip that many landlords forget. Do your lease agreements prohibit candles? Are tenants allowed to place lit jack-o-lanterns outside their units or on balconies? Now is a good time to remind them of your regulations. If possible, suggest safer flameless or battery-operated options. You should also consider checking your smoke alarms to ensure everything is in working order. No landlord wants a fire on their property late on Halloween night; that would be worse than a horror movie jump scare!

Remove Tripping Hazards from Walkways

Hallways and outdoor walkways are filled with all sorts of clutter. Take the time to rake the leaves, remove debris, and clean common areas before Halloween. That way, little ghouls and goblins won’t trip over anything on the way to their next treat!

Stop Crazy Parties Before They Start

One final last-minute Halloween tip: remind tenants that the holiday isn’t an excuse to let rules fall to the wayside. If someone is planning a party, be sure to check in with them about the number of people invited and the duration of the event. Not everyone celebrates Halloween, and this year it falls on a Monday. That means a lot of neighbors will be upset if loud music is blasting through the walls at 2AM.

Partner with All County Denver South for Expert Property Management Services

All County Denver South Property Management is here to give property owners confidence in the quality of their tenants and the security of their property through knowledgeable and trustworthy property management services. From managing tenant relationships to pricing rent to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote or further information about our last-minute Halloween tips, call us today at (720) 664-4550.

fall maintenance checklist for Colorado landlords

Our Go-To Fall Maintenance Checklist for Colorado Landlords

Autumn is beautiful in Denver. There’s nothing better than getting outside and watching the Colorado pines turn color before temperatures drop. During this time of year, residents are eager to enjoy the last few days of good weather before winter sets in. As a landlord, you’re responsible for not only your comfort this fall, but for your tenants as well. Your property should be prepared for the upcoming season ahead of time. At All County Denver South, we put together this fall maintenance checklist for Colorado landlords to help you stay winter-ready. When freezing winds start to blow, you and your tenants can rest assured that the property is protected from the elements.

The Ultimate Fall Maintenance Checklist for Colorado Landlords

1.      Outdoor Landscaping

The first thing you should do is examine your gutters. Are there plenty of trees on your property? If so, you’ll want to clear the area of leaves and debris so water can drain properly. Next, plan to inspect your roof for signs of damage from summer storms. Any issues such as loose or cracked shingles should be repaired before the start of winter. Finally, make sure to check your chimney, keep walkways clear, rake leaves on the property, trim your foliage and mow the grass one final time. The first snowfall of the year often takes place early in Colorado, so you should also consider winterizing your sprinkler system.

2.      Heating and Cooling Systems

Next up on our fall maintenance checklist for Colorado landlords is heating and cooling. The last thing you want is for your tenants to come to your door upset because it is cold in their apartments. Always have your system inspected by licensed professionals before residents start relying on heat. Furthermore, you can avoid issues ahead of time by replacing any air filters, testing out all thermostats, and vacuuming out dust from bathroom exhaust fan covers and blades.

3.      Interior Spaces

The most important thing to do inside is check windows, doors, basements, and attic spaces for drafts. Any cold air that enters your property will inevitably up your energy costs. Seal these areas to keep your property warm and comfortable for tenants this winter. While you’re at it, you should also check all locks to ensure your security systems are in satisfactory condition. Locks can jam when temperatures drop, but applying WD-40 will loosen them and keep your property secure. Additionally, make sure the plumbing, electricity and other essential building services like elevators are running properly.

4.      Water Heaters

Last up on our fall maintenance checklist for Colorado landlords is water heaters. Your residents need access to hot water at all times, but during winter it’s vital. Plus, everyone deserves a hot bath after a long day in the cold! To ensure your water heater is in good working condition, examine the temperature pressure relief valve. Any leaks or seepage should be fixed right away. The water heater pan should be also be free of water. If you have any doubts or concerns, call a professional to inspect the system. Your mind will be at ease once they give it the all-clear.

Extra Maintenance Tips

After you’ve completed our essential fall maintenance checklist for Colorado landlords, consider taking on these additional tasks:

  • Replace batteries in smoke detectors
  • Inspect dumpsters and other trash receptacles on the property for damage
  • Double check to make sure your building is up to code and free of safety hazards
  • If you’re responsible for snow removal, make sure you have a list of respected companies you can count on
  • Address all tenant repair requests ASAP to leave yourself time for unexpected winter maintenance needs
  • Go the extra mile by checking in with your tenants personally or sending out a letter asking residents to inform you of any additional repairs they require

The Experts at All County Denver South Can Help You Maintain Your Property This Fall

If you need a property management company in Denver, look no further! All County Denver South Property Management is here to help property owners have confidence in the quality of their tenants and the security of their property through knowledgeable and trustworthy property management services. From managing tenant relationships to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote, or to learn more about fall maintenance checklists for Colorado landlords, call us at (720) 664-4550.

4 Things Landlords Need to Keep Track Of

Landlords often struggle to keep up with their business operations. Property management is complex, and there are countless details to remember. A seasoned landlord may have strategies in place to stay organized, but someone who is new to the business might have a harder time keeping up. Transitioning to new technologies can also be challenging for experienced landlords. They become accustomed to running their business the same way, and fail to utilize tools that can simplify their job. No matter what situation you’re facing, however, poor administrative skills will impact your business over time.

You may benefit from this resource if you feel like your rental business is falling by the wayside, or you’re losing your grip on organization. First, you have to know what needs your attention. To keep track of what’s most important, you need to identify what’s most important. By staying on top of key tasks and documents, you can operate your property more efficiently and meet the growing demands of the industry.

4 Things Landlords Need to Keep Track Of

 

1. Lease Agreements

It’s incredibly important to keep track of your lease agreements, whether you upload them digitally or file paper documents. Rental agreements outline the terms of the lease, tenant/landlord responsibilities, payment due dates, and information about the eviction process. In the event of a tenant dispute, lease agreements are the first documents landlords refer to. Additionally, landlords should keep their rental agreements on hand even after a tenant has moved out. It is vital that your I’s are dotted and your T’s are crossed if any legal disputes or IRS audits arise later.

2. Seasonal Maintenance Checklists

Maintenance, repairs and inspections are some of the most important things landlords need to keep track of. If your property is in disrepair or looks unkempt, renters won’t want to live there. Therefore, you want to ensure it’s in good condition at all times. Regular maintenance will be easier to schedule if you write up a checklist prior to each season.

Fall is right around the corner. During this time of year, landlords usually clear the gutters, trim any overhanging tree branches, and examine their HVAC units. If your fall checklist is ready to go, you can use it before the season starts to get these essential tasks completed early.

3. Rent Payments

It’s likely that you have more than few tenants staying in your building. Keeping track of rent payments for all tenants at the same time can be tricky. Every month, you’ll need to know who paid on time, who paid late, and who failed to pay. Online software and digital tools can be helpful, but some landlords collect rent in-person. Be sure to document this properly so you know which of your tenants are in good standing. If this is something you have trouble with, consider hiring an expert property management company to collect rent for you.

4. Correspondence with Tenants

This is one area where landlords tend to slip up over time. E-mails, texts, and phone calls can be difficult to monitor when you have other pressing tasks to attend to. While this is true, they really should be a top priority. If your tenants are happy, they’ll be more likely to extend their lease or refer your property to others. When you receive a message from a tenant, either respond right away or make a note to yourself to do so later. This way, tenants will know you value their time.

How All County Denver South Can Help

If you need a property management company in Denver, look no further! All County Denver South Property Management is here to help property owners have confidence in the quality of their tenants and the security of their property through knowledgeable and trustworthy property management services. From managing tenant relationships to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote, or to learn more about the services we offer to landlords, call us at (720) 664-4550.

rent to family and friends

Should You Rent to Family and Friends?

With so many tenants struggling with their personal finances today, it can be a risky business to rent to family and friends. However, many landlords practice this despite the risks to their own operations. Being a landlord gives you the opportunity to offer a home to the people you care about most. The idea of living in close proximity to your friends and family might also be an attractive option. Taking this route can also result in complicated situations that may be difficult to navigate.

If you’re deciding whether to rent to family and friends, we recommend giving it plenty of thought beforehand. By examining this issue in detail below, we will assist you in making an informed decision.

Why Some Landlords Rent to Family and Friends

Some landlords simply rent to family and friends to fill vacancies. This is especially true of landlords who are just starting out in the industry. When kickstarting your business, you may prefer renting to people you’re close to. It can be tempting to rent to people you know personally, because you may assume you know their habits. Perhaps, for instance, you know your best friend doesn’t like pets and has acted responsibly in the past. You’ve been to their apartment, and they seem to keep it tidy enough. There’s no reason to doubt your friend’s ability to behave well as a tenant in this situation. In some cases, the arrangement works out perfectly fine. Some family members or friends may even want to help you run your business; this can be a major asset and a bonding experience.

Why It Isn’t Always a Great Idea

 

Tax Deduction Problems

When landlords rent their property out full-time at the appropriate price, the IRS views it as a business-related property. You can then deduct business expenses from your taxes, such as maintenance and repairs.

If you charge your family and friends full market price, there is no tax penalty involved. However, modifying the rent price drastically for your friend or family member can be detrimental. Your property may be deemed a “personal property” in this scenario, and you won’t be able to reap the rewards come tax season.

Added Liability

Some landlords think they know their friends and family members well, but it’s difficult to predict how the situation will play out. Mixing business with personal relationships can be a minefield. As time goes on, your friends and family may expect preferential treatment, discounts, or the ability to make late payments without penalties. If you fail to run a background check or check references like you normally would, you may be unpleasantly surprised by a friend’s behavior later. This can harm your business when it impacts other tenants or reduces your income.

If you rent to family and friends, you also run the risk of damaging your personal relationships. When your loved ones come to you expecting special treatment, they may get offended if they don’t receive it. It can also be challenging for a landlord to have these kinds of conversations with a loved one. What if you have to evict a friend, charge them a penalty for late rent, or handle a complaint about their behavior?

What to Do When Renting to Family and Friends

  1. Be vocal about the policies they need to follow. From the start, it’s important to lay out the ground rules. Don’t avoid discussing difficult topics; get them out of the way. Make sure your friend or family member understands that no matter what, they’ll be held responsible for their actions.
  2. Keep everything in writing. Some landlords only make verbal agreements when renting to family and friends. Don’t make this mistake! You might regret it later if things take an unexpected turn. If your friend or family member doesn’t follow through, you want to be able to refer back to written documents.
  3. Be professional. Always stay professional and remember your role as a landlord. Offering preferential treatment isn’t fair to other tenants, and it’s important to keep your property safe and secure. You can rent to family and friends and enjoy their company, but be professional when business transactions are involved.

Wondering if You Should Rent to Family and Friends? The Experts at All County Denver South Can Help You Decide

If you need a property management company in Denver, look no further! All County Denver South Property Management is here to help property owners have confidence in the quality of their tenants and the security of their property through knowledgeable and trustworthy property management services. From managing tenant relationships to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote, or to learn more about renting to family and friends, call us at (720) 664-4550.