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Denver Property Management Blog

Setting Rent Amount-Attention Rental Home Owners

System - Friday, November 18, 2016

Though this makes since sometimes the obvious needs a reminder. During the time you are attempting to obtain a tenant if your marketing is not resulting in phone calls and showing appointments the problem is your marketing.  If you are obtaining calls and showing appointments though are not receiving applications the problem is pricing.  Colorado residents are living beyond their means and budget due to the extreme cost of housing.  This is most apparent in the rental market where eviction court cases have sky rocketed. As a landlord don't become a victim of this rising concern, verify income and look closely at the debt to income on the credit reports.  Make sure your prospective tenant has three times the income as the rent amount and the debt to income is in line to afford monthly payments.

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