The need for Property Management?

Answer "A property management service handles the day-to-day needs of your property, minimizing vacancies and maximizing your bottom line. They will market your property; make your property accessible thr... Read More »

Top Q&A For: The need for Property Management

Does a property owner need a property management licence?

Yes, the State of Colo, If someone is managing residential property 4 units or less that is not theirs, they have to have a Active Real Estate License.

If a property management company doesn't have a renter for a property who is responsible for the mortgage payment The property management company or the landlord?

That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed). And I also agree with the advice given below. A competent and ... Read More »

How long can a property management company hold the owner's reserve funds once the property management agreement has been terminated?

This time period may or may not have been defined in your contract. Call other property managers in the same industry in your locale, and ask the question about the time period.Then, send a letter ... Read More »

A property management company claims to be in contract to manage our HOA with our developer who says we have NOT formed an HOA yet and the property management wants homeowners to pay working capital?

Read your governing documents to determine the phase that your HOA is in, in the development process. Your governing documents -- typically a Public Offering Statement (POS) -- may specify that at... Read More »