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Owning a Rental Property: The Key to Financial Independence

In Property Management, Real Estate Investing by Bergan & Company

Landlords, along with business owners, tend to be about four times wealthier than the average American. And if you look at how much renters are spending on rent checks, it is easy to see why. According to a recent Zillow report, American renters – especially those in major cities like New York, Los Angeles, and Chicago – spend staggering amounts …

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Building a Good Relationship with Your New Tenants

In Property Management by Bergan & Company

Many landlords desire to be in good terms with their tenants and build a favorable relationship with them from the start. As a landlord, you have a lot of expectations: punctual payment, the fair use of private and shared amenities, respect of other tenants, etc. Tenants also expect something from you. They want the assurance that their landlord is not …

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What Will Make Your Good Tenants Stay Longer?

In Property Management by Bergan & Company

As a rental property investor, your goal is to keep your vacancies filled for a higher return on investment (ROI). Managing a property on your own could be stressful. Fortunately, rental management companies in Denver are here to help. And one of the ways they can assist you is with tenant satisfaction. When your tenants stay for good, you secure the long-term …

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Avoid “Renting Horrors:” Screen Potential Tenants

In Property Management by Bergan & Company

From leaky faucets and broken appliances to a pony hidden in the yard, no property issue is unfamiliar to long-time rental property owners. Apparently, there is such a massive surplus of misbehaving tenants that there is an entire AskReddit thread dedicated to sharing the worst tenant stories. Dealing with difficult tenants can get costly quickly, especially if it involves evictions. Between …

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Functional Wealth

In Real Estate Investing by Bergan & Company

What it is? And how do I achieve it? I am constantly asked by friends, family, and clients why I invest in real estate and what benefit it has for me. My answer is very simple; it provides functional wealth for my family. My definition of functional wealth is when your assets are providing for your day-day life. You’re not …

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January 2018 Denver-Metro Real Estate Market Stats

In Market Updates by Bergan & Company

Average price of all residential sales in January was just over $440K. The average single family home was going for $484k, while multi-family places went for $344k on average. ‍ The 12-month moving average appreciation rate, which is the best measure of real trends in prices, was 8.1% There were 2,756 homes that changed hands in January, down 8.7% from the …

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Two 2m Open Houses in Greenwood Village

In Open Houses by Bergan & Company

Have an exclusive look inside TWO $2M+ homes in Greenwood Village! This Friday, January 19th from 1-6pm 9689 E. Prentice Circle Greenwood Village Asking $2.5M Rare off-market opportunity to own a fully remodeled contemporary home in Greenwood Village! This home features smart home technology, elevator, indoor pool and hot tub, 10 bedrooms, 9 bathrooms, geothermal heating and more. Don’t miss …

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Denver Real Estate Market More Affordable Now than 1979

In Denver Rentals, Market Updates by Bergan & Company

Imagine it’s 1979. The average single family home in metro Denver carries a price tag of $66,051. Don’t you wish we could go back to those days when housing was so affordable? A recent affordability study by Colorado Home Realty (CHR) came to a shocking conclusion: The average single family home in 2016, selling at $441,172, is significantly more affordable than its …