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Ideal Lease End Dates

In Colorado Springs, there is a major difference in the amount of rent a property can get in July vs. January. While our market is strong for a good portion of the year, making sure the lease ends during that portion ensures the property will be rented more often. It’ll also be rented at a higher rate.

We will always take on new properties at any point in the year. What we do is create a lease term that makes the lease end in May, June, July, August or September. That could mean a shorter lease term for the first lease, however people will often pay more for a shorter term lease.

Also, we don’t charge any extra fees to homeowners for this. If you come to us with a property in November, we are going to get you on track for ideal leasing dates. It’s not going to cost you if we need to find new tenants the following summer.

Third Quarter Real Estate 2017

Third Quarter Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for the third quarter real estate 2017. Single Family & Patio Homes

Black Forest66 Sales for a total dollar volume of $36,845,800

Briargate335 Sales for a total dollar volume of $123,978,889

Central248 Sales for a total dollar volume of $65,485,381

East308 Sales for a total dollar volume of $77,227,490

Fountain Valley825 Sales for a total dollar volume of $210,977,027

Falcon – Peyton326 Sales for a total dollar volume of $107,750,935

Marksheffel130 Sales for a total dollar volume of $41,286,736

Northeast313 Sales for a total dollar volume of $94,148,175

Northwest130 Sales for a total dollar volume of $51,987,698

Northgate185 Sales for a total dollar volume of $85,996,181

Old Colorado City81 Sales for a total dollar volume of $23,016,401

Powers456 Sales for a total dollar volume of $127,791,182

Southeast299 Sales for a total dollar volume of $62,190,856

Southwest205 Sales for a total dollar volume of $80,618,877

Tri-Lakes235 Sales for a total dollar volume of $113,831,422

West94 Sales for a total dollar volume of $31,811,751

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 7-1-2017 through 9-30-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

September Real Estate 2017

September Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for September real estate 2017. Single Family & Patio Homes

Black Forest25 Sales for a total dollar volume of $12,987,000

Briargate108 Sales for a total dollar volume of $38,519,806

Central80 Sales for a total dollar volume of $19,905,612

East103 Sales for a total dollar volume of $26,402,380

Fountain Valley262 Sales for a total dollar volume of $66,814,119

Falcon – Peyton90 Sales for a total dollar volume of $29,132,889

Marksheffel42 Sales for a total dollar volume of $13,246,325

Northeast94 Sales for a total dollar volume of $26,639,850

Northwest38 Sales for a total dollar volume of $15,695,699

Northgate49 Sales for a total dollar volume of $23,215,328

Old Colorado City28 Sales for a total dollar volume of $7,289,462

Powers142 Sales for a total dollar volume of $39,859,814

Southeast96 Sales for a total dollar volume of $19,070,690

Southwest63 Sales for a total dollar volume of $25,172,425

Tri-Lakes73 Sales for a total dollar volume of $33,505,669

West28 Sales for a total dollar volume of $9,998,600

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 9-1-2017 through 9-30-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

August Real Estate 2017

August Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for August real estate 2017. Single Family & Patio Homes

Black Forest18 Sales for a total dollar volume of $10,658,100

Briargate102 Sales for a total dollar volume of $37,275,406

Central84 Sales for a total dollar volume of $22,249,689

East103 Sales for a total dollar volume of $25,434,846

Fountain Valley293 Sales for a total dollar volume of $73,576,469

Falcon – Peyton108 Sales for a total dollar volume of $35,063,863

Marksheffel48 Sales for a total dollar volume of $14,682,289

Northeast108 Sales for a total dollar volume of $34,836,050

Northwest41 Sales for a total dollar volume of $16,128,849

Northgate62 Sales for a total dollar volume of $28,180,037

Old Colorado City32 Sales for a total dollar volume of $9,485,789

Powers172 Sales for a total dollar volume of $48,001,909

Southeast106 Sales for a total dollar volume of $22,738,347

Southwest70 Sales for a total dollar volume of $26,128,215

Tri-Lakes86 Sales for a total dollar volume of $43,294,911

West35 Sales for a total dollar volume of $12,673,800

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 8-1-2017 through 8-31-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

July Real Estate 2017

July Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for July real estate 2017. Single Family & Patio Homes

Black Forest23 Sales for a total dollar volume of $13,200,700

Briargate125 Sales for a total dollar volume of $48,188,677

Central84 Sales for a total dollar volume of $23,333,920

East102 Sales for a total dollar volume of $25,390,264

Fountain Valley270 Sales for a total dollar volume of $70,596,978

Falcon – Peyton128 Sales for a total dollar volume of $43,554,183

Marksheffel40 Sales for a total dollar volume of $13,358,122

Northeast111 Sales for a total dollar volume of $32,674,275

Northwest51 Sales for a total dollar volume of $20,162,150

Northgate74 Sales for a total dollar volume of $34,600,816

Old Colorado City22 Sales for a total dollar volume of $6,640,200

Powers142 Sales for a total dollar volume of $39,917,959

Southeast97 Sales for a total dollar volume of $20,368,569

Southwest72 Sales for a total dollar volume of $29,333,237

Tri-Lakes76 Sales for a total dollar volume of $37,030,842

West31 Sales for a total dollar volume of $9,139,351

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 7-1-2017 through 7-31-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

Second Quarter Real Estate 2017

Second Quarter Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for the second quarter real estate 2017. Single Family & Patio Homes

Black Forest47 Sales for a total dollar volume of $25,303,429

Briargate349 Sales for a total dollar volume of $134,329,535

Central248 Sales for a total dollar volume of $63,584,524

East252 Sales for a total dollar volume of $62,124,629

Fountain Valley765 Sales for a total dollar volume of $189,524,583

Falcon – Peyton345 Sales for a total dollar volume of $112,176,863

Marksheffel152 Sales for a total dollar volume of $48,411,597

Northeast333 Sales for a total dollar volume of $98,607,022

Northwest130 Sales for a total dollar volume of $55,358,123

Northgate189 Sales for a total dollar volume of $91,386,590

Old Colorado City68 Sales for a total dollar volume of $19,462,597

Powers526 Sales for a total dollar volume of $146,125,211

Southeast243 Sales for a total dollar volume of $50,232,656

Southwest234 Sales for a total dollar volume of $97,433,814

Tri-Lakes231 Sales for a total dollar volume of $117,309,263

West71 Sales for a total dollar volume of $26,277,457

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 4-1-2017 through 6-30-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

June Real Estate 2017

June Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for June real estate 2017. Single Family & Patio Homes

Black Forest17 Sales for a total dollar volume of $9,969,500

Briargate127 Sales for a total dollar volume of $49,384,500

Central96 Sales for a total dollar volume of $24,744,897

East76 Sales for a total dollar volume of $18,687,507

Fountain Valley282 Sales for a total dollar volume of $72,236,352

Falcon – Peyton129 Sales for a total dollar volume of $42,494,800

Marksheffel60 Sales for a total dollar volume of $20,036,927

Northeast129 Sales for a total dollar volume of $37,428,535

Northwest45 Sales for a total dollar volume of $18,405,600

Northgate68 Sales for a total dollar volume of $33,052,223

Old Colorado City22 Sales for a total dollar volume of $5,642,031

Powers196 Sales for a total dollar volume of $55,311,503

Southeast107 Sales for a total dollar volume of $22,929,581

Southwest91 Sales for a total dollar volume of $40,652,604

Tri-Lakes108 Sales for a total dollar volume of $55,004,379

West25 Sales for a total dollar volume of $9,061,057

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 6-1-2017 through 6-30-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

May Real Estate 2017

May Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for May real estate 2017. Single Family & Patio Homes

Black Forest15 Sales for a total dollar volume of $7,203,929

Briargate120 Sales for a total dollar volume of $46,644,287

Central84 Sales for a total dollar volume of $19,731,052

East99 Sales for a total dollar volume of $23,854,050

Fountain Valley260 Sales for a total dollar volume of $63,670,895

Falcon – Peyton116 Sales for a total dollar volume of $37,703,811

Marksheffel47 Sales for a total dollar volume of $14,519,967

Northeast119 Sales for a total dollar volume of $35,294,562

Northwest41 Sales for a total dollar volume of $18,871,373

Northgate72 Sales for a total dollar volume of $35,538,096

Old Colorado City28 Sales for a total dollar volume of $9,074,123

Powers204 Sales for a total dollar volume of $56,863,040

Southeast64 Sales for a total dollar volume of $13,167,100

Southwest86 Sales for a total dollar volume of $34,391,576

Tri-Lakes72 Sales for a total dollar volume of $37,600,151

West29 Sales for a total dollar volume of $10,958,300

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 5-1-2017 through 5-31-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

Cost of Vacancy

Rental vacancies are a common thing when there is tenant turnover. The length of vacancy can be just a day to months. A lot of it depends on your property manager and how good they are.

This is a cost to homeowners that is rarely given consideration when interviewing property managers. Good property managers can find tenants who will sign a multi-year lease. When this happens, you’re protected against vacancy cost because the same tenant is going to occupy the home for a longer period of time.

Just as an example, let’s say you’re renting a home for $2,000 per month, and the average vacancy time for an area is 2 weeks. Finding a tenant who signs a 3 year lease vs. a tenant who signs a 1 year lease means there is a difference of 2 vacancy periods by the time the 3 year lease is up. Those 2 vacancy periods with an average of 2 weeks each comes out to almost a full month’s rent – $2,000. That’s equal to 10 months of property manager fees at 10% per month. This situation can turn a profitable property into a loss.

How fast is your property manager at filling vacancies? This can depend on a lot of things, all of them revolving around your property manager’s organization and abilities. Finding better tenants to begin with means a shorter turnover period simply because the home is going to be in better condition when possession is given back to the property manager. Using professional photos, and/or doing open houses can also help reduce the time.

Right now we can turn over most homes in 2 days. There are reasons for our ability to find and place great tenants. We have clear expectations on what we expect from tenants. Our company is very proactive in all searches for new tenants. We have a team of people ready to go for any necessary repairs and upkeep between tenants. The way our leases are drawn up there is a lot of protection to ensure seamless transition between tenants.

April Real Estate 2017

April Real Estate 2017

Data is provided to keep owners informed of what’s happening in the market around their rental property in the Colorado Springs Area. This data also provides insight for owners wanting to purchase additional investment properties. If you would like to see properties currently for sale please click the desired area, or search here.

Broken down by area to give a better prospective on the results for April real estate 2017. Single Family & Patio Homes

Black Forest15 Sales for a total dollar volume of $8,131,500

Briargate102 Sales for a total dollar volume of $38,298,028

Central68 Sales for a total dollar volume of $19,106,575

East77 Sales for a total dollar volume of $19,589,072

Fountain Valley223 Sales for a total dollar volume of $53,556,855

Falcon – Peyton100 Sales for a total dollar volume of $31,978,627

Marksheffel45 Sales for a total dollar volume of $13,863,703

Northeast85 Sales for a total dollar volume of $25,895,361

Northwest44 Sales for a total dollar volume of $18,081,150

Northgate50 Sales for a total dollar volume of $23,286,643

Old Colorado City18 Sales for a total dollar volume of $4,746,443

Powers126 Sales for a total dollar volume of $33,956,591

Southeast72 Sales for a total dollar volume of $14,135,975

Southwest57 Sales for a total dollar volume of $22,395,634

Tri-Lakes51 Sales for a total dollar volume of $24,704,733

West17 Sales for a total dollar volume of $6,258,100

Please contact us to find out what properties are currently renting for. Certain properties are much more investor friendly than others. We’ll explain in detail before you make your decision. Answers can also be found by reading Management Services FAQ. Thank you.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 4-1-2017 through 4-30-2017.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

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