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Top 5 Mistakes New Landlords Make and How to Avoid Them

Real Property Management Evertrust

Pro Tip: Build a relationship with reliable contractors early on, so you’re not scrambling to find someone when repairs are needed. The Fix: Educate yourself on local landlord-tenant laws. Consult a real estate attorney if you’re unsure of the legal requirements in your area.

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Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

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Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

They created a task force “comprising attorneys, reserve specialists, engineers, insurance providers, managers, and bankers, to determine what issues are the most prevalent in failing physical components, and—especially—how associations can prepare themselves to address and resolve these issues when they inevitably arise.”

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Problems with Self-Managing Investment Properties

Florida Property Management

Solution: To mitigate this risk, investors should invest time in education and stay informed about changing laws and regulations. It's also advisable to consult with an attorney or a property management professional who can provide guidance and ensure compliance with relevant laws.

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The Top 10 Mistakes Colorado Springs Property Owners Make (And How to Avoid Them)

Muldoon Associates

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. Have an attorney or a Colorado Springs property manager review your lease to ensure it complies with local laws.

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Many PMs outsource things like plumbing, HVAC, and other contractor work. Today we’re going to talk about this option in more detail. Maintenance and repair.