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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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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 …