Top City Searches in Colorado
Colorado: The Centennial State
Colorado has an estimated population of 5,773,714 residents. The capital city of Colorado is Denver, which is also the most populous city in the state. Colorado is known for its beautiful and vast natural landscape as well as being a prime destination for skiing. Natural attractions include Rocky Mountain National Park
, Mesa Verde National Park
, the Great Sand Dunes National Park and Preserve
, and Black Canyon of the Gunnison National Park
In terms of culture and the arts, Colorado does not disappoint. The state is home to the Denver Art Museum
, the Denver Museum of Nature & Science
, the History Colorado Center
, and the Denver Center for the Performing Arts
. Colorado also hosts a number of film festivals, such as the Denver Film Festival, the Boulder International Film Festival, and the Telluride Film Festival.
Colorado is also known for its love of food, wine, and beer. Southwest and Rocky Moutain cuisine are particularly popular, and there are numerous microbreweries and vineyards in the state. The Food & Wine Classic is also held in Aspen every year.
Sports are also a prominent fixture in the culture of Colorado. It is home to several major sports teams such as the Denver Nuggets (NBA), the Denver Broncos (NFL), the Colorado Avalanche (NHL), and the Colorado Rockies (MLB). Colleges and universities located here include the University of Colorado Boulder
, Colorado State University
, and Colorado College
The State of Colorado's Rental Market
The real estate market in Colorado is very hot, and home prices have been rising
even with the pandemic in full swing. Currently, the median home value in Colorado is $343,300, which is significantly higher than the national median. The Centennial State also has a sizable renter population. In fact, 34.8% of the state's residents rent their homes. As such, Colorado would make a good place to invest in rental property.
Image via towncharts.com
In addition to this, Colorado rental rates are above average. The median rent in this state was $1,369 back in 2019, and this has been increasing since 2010. Landlords also won't have a difficult time finding tenants in this state as the vacancy rate is quite low. In 2019, the vacancy rate in Colorado was 4.60%. In comparison, the national vacancy rate was 5.97% in the same year.
Image via deptofnumbers.com
Landlord-tenant laws are also rather landlord-friendly in Colorado. Property taxes are low, and the state's eviction laws are not as strict.
How a Colorado Property Management Company Can Help
Obviously, there is a lot of promise in Colorado's rental market. And, this is exactly the reason the Centennial State attracts many property investors. However, managing rental property in Colorado is harder than it looks, especially if you don't know where to begin. Most landlords also lack sufficient time to fulfill the many responsibilities that come with rental management.
This is where a Colorado rental management company can step in.
With expert services, rental property owners can sleep well at night knowing their investments are in capable hands. A property management company can perform all of the tasks that a landlord would usually do, including but not limited to:
- Advertising your property
- Screening tenants
- Showing the property to applicants
- Setting the rental rate
- Writing up your lease agreement
- Performing property inspections
- Collecting rent
- Enforcing the terms of your lease
- Managing maintenance and repairs
- Budgeting and financial management
- Helping with tax preparation
- Overseeing the eviction process (if necessary)
Look for Property Management in Colorado
If you own rental property in the state of Colorado, Rental Choice is your go-to resource for locating a professional property management firm. Our sleek design and user-friendly layout mean you don't waste valuable time searching for a Colorado property management company. Rental Choice allows you to contact companies via email, phone, and social media outlets, among other methods.
Feel free to utilize our online directory
as a way to find your next rental property manager. Each of the companies on Rental Choice has provided trustworthy, dependable service for years. Simply search by selecting your state or top city, or by entering your property's zip code.