Aurora, CO: The Gateway to the Rockies
With an estimated 386,261 residents, Aurora is the third-largest city in Colorado by population. It is located in three counties, namely Arapahoe, Adams, and Douglas.
Aurora is a great place to live, even more so if you want to raise a family. The city boasts decent public schools, a diverse population, and good job opportunities. Aurora also has fair weather on most days — a perfect pair with one of the countless outdoor activities you can do. In fact, there are over 100 parks in the city. Other attractions include Star K Ranch, DeLaney Farm, and Buffalo Peaks Ranch.
In terms of arts and culture, Aurora does not disappoint. The city is home to the Aurora Fox Theatre & Arts Center, the Aurora Symphony Orchestra, and the Aurora History Museum. There are also 27 historic landmarks and points of interest in the city. This includes the American War Mothers National Memorial Home, the Gully Homestead, the KOA Building, and the Lowry Building.
The State of Aurora’s Rental Market
In Aurora, the median listing price for a home is $335,400. This is recognized as rather high since it is 47% above the median home listing price on a national level. Perhaps this is why Aurora has a large renter population. In fact, 40.1% of the residents in this city rent their homes.
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Aside from a large pool of renters, Aurora is also known for its above-average rent. The city boasts a 14% year-over-year change in rent, with the average rent being $1,563. Only 2% of properties have a rental rate between $701 and $1,000. Moreover, 13% of properties command a monthly rent above $2,000.
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All things considered, it is not surprising to know that Aurora is an attractive market for property investors. Landlords stand to gain a lot of money from renting out homes and apartments. Additionally, Colorado is generally a landlord-friendly state, though regulations can vary at the local level.
How an Aurora Property Management Company Can Help
Aurora sees new residents every year. While some of these new residents buy homes, others look for a place to rent. Property investors can capitalize on this demand, but buying a rental property is completely different from managing one. Most of the time, landlords end up selling their rentals because they can’t keep up with their duties.
Whether you lack time, expertise, or interest in property management, an Aurora rental management company can step in. With professional assistance, you can pass on all of your duties to an experienced manager. They will be the person to ensure your rental home or unit finds a tenant, makes money, and stays in good condition. The following are just some of the responsibilities a management company can assume:
- Rental property advertising
- Tenant screening
- Property showings
- Rent setting and collection
- Lease agreement preparation
- Routine inspections (including move-in and move-out inspections)
- Lease terms enforcement
- Maintenance and repairs management
- Tenant support
- Budget management
- Tax preparation
- Eviction assistance
Find the Best Property Management in Aurora
The search for the right property management company begins with a single step. Take that step today using Rental Choice’s comprehensive online directory. Browse our database according to your location to find the best management company that suits your needs and budget!