Colorado Springs Property Management Blog

Security Deposit Disputes and How to Avoid Them

By Springs Homes for Rent - Monday, August 17, 2020

It all starts with being "Move-In Ready" Rental Security Deposit disputes usually occur because of a misunderstanding between a landlord and a tenant. At the end of a lease term, the tenant is usually required to leave the property in “move-in ready” condit...

Renting to Tenants With a Criminal Record: HUD Guidance

By Springs Homes for Rent - Thursday, June 18, 2020

Landlords who have a rule banning applicants who were convicted of a crime-may want to rethink that policy. Recent guidelines issued by the US Department of Housing and Urban Development (HUD) on April 4, 2016 call for landlords to do away with blanket bans, that disqualify...

Pet Liability Insurance 101

By Springs Homes for Rent - Monday, June 8, 2020

If you haven't heard of pet liability insurance before you are not alone. Pet owners who live in an apartment community may be of particular interest to this form of insurance. A pet has the potential to injure another occupant on the property and you certainly will want to h...

Renting To Relatives: Tax Implications You Should Know

By Springs Homes for Rent - Thursday, May 21, 2020

So you’re thinking of renting to relatives and want to know the tax implications After all, it’s something that seems to make perfect sense. Your child; or maybe it’s your mother or a cousin needs a place to stay and you have a rental property. If you were to le...

Understanding Cap Rate-Capitalization Rate

By Springs Homes for Rent - Saturday, April 11, 2020

Capitalization Rate or “Cap Rate” is a ratio used by real estate investors to determine the desirability or profitability of a specific property. This ratio compares the relationship between the property value and the potential income that property may produce as if you had p...

Home Warranty for Rental Property: Is It Really Worth It?

By Springs Homes for Rent - Friday, March 6, 2020

If you are a landlord, then you are all too familiar with the frustration that comes when you find out that the heater has gone out at your rental unit, or that there’s a leak –yet again. If you’re tired of the frustrations that come from dealing with breakdowns...

Emotional Support Animal Laws: Know Your Rights and Requirements

By Springs Homes for Rent - Saturday, January 4, 2020

While landlords are usually free to allow, or ban pets from their rentals, and are well within their rights to do so, there’s one very important exception to this rule that landlords should know about: assistance animals. It is critical for landlords to understand the emoti...

Rental Property Depreciation

By Springs Homes for Rent - Monday, December 9, 2019

When it comes to investments, real estate can offer some solid benefits. Property appreciation, tax breaks such as rental property depreciation, and recurring cash flow can turn your property into a money generating investment. You can take advantage of these benefits whether you...

Security Deposits in Colorado: What You Should Know

By Springs Homes for Rent - Saturday, November 30, 2019

In an ideal world, security deposits wouldn’t exist. Tenants would move into a rental – and look after it with the best of care. They would always pay the rent on time and continually abide by the terms of the lease; unfortunately, though, things don’t always wo...

5 Essential Property Management Tips for New Landlords

By Springs Homes for Rent - Tuesday, October 29, 2019

There are a number of reasons why you might consider becoming a landlord in Colorado Springs or anywhere in El Paso County. Maybe you’re downsizing to a smaller property, but still want to maintain your current home for income. Perhaps you’ve found a great deal on an ...