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Rental Property Maintenance Myths That You Should Never Believe

In Rental Property by Bergan & Company

When you start laying out the typical fees for managing a property, some potential investors might shudder at the thought. If they didn’t consider rental property maintenance as a part of the cost of doing business in the rental market, it might take the stars out of their eyes. However, there are other potential investors who think that there are …

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The Ultimate Rental Property Investment Strategy: The Only Formula You Need

In Rental Property by Bergan & Company

There are just over 43 million housing units occupied by renters in the US. Not every one of those housing units is making its landlord a profit, though. That’s because not all landlords follow the right rental property investment strategy. Buying a rental property and turning a profit takes education and some trial and error. But there are definitely a …

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What’s the Best Way to Collect Rent?

In Rental Property by Bergan & Company

What’s the best way to collect rent from your tenants? The answer to this question varies widely, depending on who you ask. Some landlords prefer to be hands-on and like face-to-face collection. Others are hands-off and would rather use a third-party management firm or allow online options. But one thing is clear: No matter what method of rent collection you …

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How to Write a Lease Agreement for a Rental Property

In Rental Property by Bergan & Company

As a responsible property owner, your top priority is going to be the bottom line. You want to ensure that you’re making the most of your financial investments. For that reason, you’re considering renting out your property to someone else. After all, even experts recognize the tax-related value of renting out your house.  Perhaps, though, you aren’t sure where to …

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7 Things You Should Think About Before Renting Out Your Home

In Rental Property by Bergan & Company

In Denver, Colorado, the number of renters is quickly catching up to the number of homeowners. In 2006, the number of renters was 226,832.  By 2016, that number had grown to 320,149. Meanwhile, homeownership went from 392,162 in 2006 to 359,158 in 2016.  If you’ve been considering renting your home, this is great news for you. Renting out a house …

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Why You Should Hire a Property Manager for Your Single-Family Rental Investment

In Rental Property by Bergan & Company

With competition cooling in the housing market and buyers wary to give the green light to purchase, it’s not a seller’s market right now. Economic uncertainty is the likely culprit and is predicted to continue through the 2020 election. Meanwhile, the single-family rental continues to be the growth darling of the housing industry. Even home builders are getting in on …

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How to Turn Your Home into a Rental Property

In Property Management, Rental Property by Bergan & Company

If you’re having problems selling your old house, or if you’ve inherited one and you’re not sure what to do with it, consider renting it out. The promise of a consistent flow of cash from your tenants is just too good to pass up. However, converting your home into a rental property isn’t as easy as putting up a “for …