Market trends will come and go, and this year – we’ve been following a lot of them.  The demand, the prices, and the activity in the Colorado Springs rental market have kept us busy. We’ve seen higher rental rates, low vacancy, and an increasing demand for well-maintained rental homes. The population in Colorado Springs has increased rapidly over the last 10 years. In fact, it’s increased by 15 percent since 2010. That’s delivered a large population of tenants into our market.  At Muldoon Associates, we work hard to stay up to date on all the industry trends and market shifts that w ..read more

Finding reliable tenants for your Colorado Springs rental property is one of the best ways to protect your investment property and ensure you have a pleasant, stress-free tenancy. When you identify and place great residents, you also have a better chance of retaining those renters, which means you’ll face fewer vacancy and turnover costs at the end of your lease period.  Sometimes, it’s a bit overwhelming to find a good tenant. There are hundreds of rental listings out there on the Colorado Springs rental market at any given time; how can you make sure your property stands out and attrac ..read more

Rental property investments have a lot of benefits, especially at tax time. Most of the business and operational expenses associated with your rental property or your building can be deducted for tax purposes when you file.  Maybe your property earns you $1,750 in rent every month. You’ll have to pay taxes on the full amount unless you take the deductions you’re eligible for. If you work hard to keep your property maintained, you may invest in roof repairs or HVAC filters. Perhaps new windows were needed or updated appliances to replace those that kept breaking down.  Those expenses ..read more

There’s no such thing as a maintenance-free rental property.  Taking care of your investment in order to maintain its value and draw reliable tenants to it has to be a priority, whether you’re renting out a new construction home or units in a building that have seen better days.  Maintenance is about aesthetics, but it’s also about protecting the condition of your investment. It’s about ensuring everything is functional so you can provide a good rental experience to your tenants. Responsive maintenance leads to better tenant retention.  Throw out a word like “maintenance,” and ..read more

We’ve learned a lot over the last few years, and one of the things that’s hard to ignore is the fact that we can do so much remotely. People are working remotely. They’re going to school remotely. They’re joining meetings from all over the world, attending parties and gatherings virtually when they cannot be there in person, and even finding community in remote locations that are not local to where they are at any given moment.  People are also buying investment properties remotely. This is easy enough, especially if you have great technology and a lot of local knowledge in the market wh ..read more

As a property owner in the picturesque city of Colorado Springs, it is imperative to be cognizant of the multifaceted challenges that can arise in safeguarding your real estate investments. With the city’s burgeoning population and robust real estate market, the responsibilities of property ownership in this region have evolved into a complex tapestry of considerations. However, with the rewards of property ownership, certain risks require effective management. Property investors need to comprehend the importance of mitigating these risks. From natural calamities such as wildfires and hailsto ..read more

Colorado Springs, renowned for its scenic landscapes and dynamic economy, boasts a thriving rental market due to a strong job market and its allure as a tourist hub. However, the burgeoning demand makes the market highly competitive, necessitating savvy marketing strategies for property owners.  Through a combination of contemporary digital methods and tried-and-true traditional approaches, property owners can enhance visibility, attract the ideal audience, and establish lasting tenancy relationships.  This guide, catering to both veteran landlords and newcomers, offers comprehensiv ..read more

In the ever-evolving real estate landscape in Colorado Springs, staying informed and updated on the latest laws and regulations is paramount. It helps investors protect themselves and ensure a smooth property management process, especially in prime locations like Colorado Springs, where the thriving real estate market provides new investment opportunities to real estate investors daily. However, navigating the legal amendments in the laws relating to property ownership and management requires constant vigilance and understanding and can be challenging for property owners. Therefore, approachi ..read more

You can’t have a successful investment experience with your Colorado Springs rental home if you don’t have good tenants in place. A vacant property is expensive. A property that sees a lot of turnovers is also expensive. Your goal, whether you’re managing your own home or using the services of a Colorado Springs property management company, must always start with attracting, placing, and retaining good tenants.  Getting a resident into your property is step one. Keeping that resident there is step two. Successful landlords in Colorado Springs must understand the importance of not only fi ..read more

At Muldoon Associates, we work with investors who own properties outside of their own geographical area. A lot of investors are interested in owning property in Colorado Springs, and not all of them are close to us. Some of them are even outside of the country.  Not only do we have a large portfolio of properties that are owned by out-of-state investors, we also rent out homes owned by people who once lived here but don’t live here currently. Not everyone sells their home when they move away. Sometimes, keeping the asset and renting it out makes more financial sense. We also work with th ..read more