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Space for Rent: Learn the Benefits of Renting out Your Space

In Property Management by Bergan & Company

Renting out a home, an apartment complex, or any other kind of property is an excellent way to make some serious passive income.  If you’re considering renting out one of your properties, you need to know exactly what to expect from the process, financially and otherwise. Yes, owning a rental property can help you to pad your income and dedicate …

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Tenant Trouble: Best Practices in Dealing With a Difficult Renter

In Property Management by Bergan & Company

Every landlord, despite strict screening processes, will, at some point have to deal with a problem tenant. You might be frustrated that they’re weeks late on their rent. Your other renters might be complaining about weird smells or loud noises. Despite these annoyances, you should be rational when dealing with difficult tenants. Before you knock on their door, calm yourself …

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Property Investment: Demand for Single-Family Rentals is at an All-Time High

In Real Estate Investing by Bergan & Company

Single-family rental homes make up about one-third of the 16 million rental properties in the US. The demand for such properties is at an all-time high, and it is not showing signs of slacking. It only makes sense to look into this potentially lucrative investment option. What Will You Get? Investing in a single-family rental property offers several advantages. One, …

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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 …