Beacon Property Management Blog
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Beacon Property Management, LLC, has spent the last 36 combined years learning from and growing with some of the best names in the field. Our experience includes single-family REO and HUD-owned assets, nationwide, and more. Our services are designed to help the young family looking for a new home or the professional coming from out of the country requiring a highly effective relocation service.
Beacon Property Management Blog
4M ago
Denver's real estate landscape is evolving rapidly, reflecting broader national trends while also exhibiting unique local characteristics. As a property owner in this vibrant market, it's crucial to stay informed about these trends to make savvy decisions and capitalize on opportunities. This article delves into the latest real estate trends in Denver and offers practical advice for property owners.
Rising Demand for Rental Properties
Denver has seen a steady increase in demand for rental properties. This surge is driven by various factors, including population growth, rising home prices, and ..read more
Beacon Property Management Blog
6M ago
Tenant screening is an essential process for landlords and property managers. It helps ensure that you select responsible, reliable, and suitable tenants for your rental property. However, tenant screening must be carried out in compliance with fair housing laws to prevent discrimination and uphold equal housing opportunities for all. In this blog post, we'll explore the delicate balance between tenant screening and fair housing laws and provide insights into how landlords can navigate this crucial aspect of property management.
The Importance of Fair Housing Laws
Fair housing laws are in pla ..read more
Beacon Property Management Blog
9M ago
Being a landlord comes with a myriad of responsibilities, and one pivotal aspect is having adequate insurance coverage. Working in this industry, you need to protect your investment property, mitigate financial risks, and ensure the safety and well-being of your tenants at the same time. Insurance provides a safety net against unforeseen circumstances and potential liabilities.
Let’s go over some essential types of insurance that every landlord should consider to safeguard their interests and property.
Property Insurance
Property insurance is a fundamental coverage that all landlords should h ..read more
Beacon Property Management Blog
10M ago
In your career as a landlord, it can be perplexing when tenants choose to leave well-maintained and desirable rental units. Understanding the reasons behind tenant turnover is crucial for addressing potential issues and improving tenant retention in the future. While it's natural for some tenants to move due to life changes, there are common factors that can contribute to tenants leaving even when the unit itself is considered good.
Let’s explore together some of the main reasons why tenants choose to move out of seemingly good rental units.
Affordability And Financial Circumstances
One of th ..read more
Beacon Property Management Blog
1y ago
Before finding tenants for your property, you will have to decide on a pet policy. There are negatives to pets, such as the ability to cause damage to your property, but there are also positives to pets and a more liberal pet clause, including responsible pet owners who are great tenants. Everybody wants their business to flourish and have the most profitable income possible, but what if you are keeping tenants away with your strict rules?
Let’s see in this article if the pet policy can keep tenants away.
Risks of having a strict pet policy
All landlords should make sure they have a pet agree ..read more
Beacon Property Management Blog
1y ago
As a landlord, you should know that the appearance of your property plays a significant role in attracting new tenants. Curb appeal is the first sight that potential renters have of your property. Thus it’s key to keep your property’s exterior looking its best in order to make a good first impression.
It’s useful to mention that improving your property’s curb appeal doesn’t have to be expensive. There are small, inexpensive tweaks you can do to your property curb to make it look more put together. But what are some changes you can make that are also cost-effective?
Let’s find out together in t ..read more
Beacon Property Management Blog
1y ago
Maintaining your property is a must in order to protect it. Not only is a well-maintained property an excellent asset in your investment portfolio, but it’s also essential to prevent certain damages from happening in the first place.
Regular maintenance is one of the most essential duties of a landlord, and it keeps their property at a high standard for their tenants.
But what exactly does maintenance mean as a landlord? Here are some maintenance examples that a landlord is required to see through.
keeping the estate in good condition for the tenants
ensure that their properties are complian ..read more
Beacon Property Management Blog
1y ago
Introduction: The Essentials of a Successful Property Management Company
In the current competitive real estate market, property management is an essential service that every landlord should consider. It is a complex process that requires a lot of time, effort and expertise.
In this article we will look at 10 things your property manager should do. Hopefully this helps you understand the property managers role. Check out this article on 7 reasons you need a property manager.
1. Prepare the Property
It is important to prepare the property for the potential tenant. This is because it increases t ..read more
Beacon Property Management Blog
1y ago
So you've hired a property manager and can finally rest easy. You no longer have to bite your nails in anticipation of collecting rent. Nor do you have to bang your head against the wall if tenants complain about the same problem again.
Importance of Property Management Reports
The property management firm or sole proprietor is reliable. You've watched the team strut their stuff, and you like what you see. Now you just need to stay abreast of what's going on.
You are the boss here. Whether you are a property owner or work as a property investor, you will never have to chase late rent again. T ..read more
Beacon Property Management Blog
1y ago
Several real estate investors or rental property owners don't have the time or the experience needed to handle the daily operations of their property. Therefore, they prefer hiring a residential property manager. This contract often begins by signing a mutually beneficial residential property management agreement.
But first, there's an essential question at hand.
What is Residential Property Management?
A residential property management company oversees all types of homes, including apartments and mobile homes. The property manager operates on behalf of the owner of the property. The properti ..read more