Denver Market Questions

[Gus Alonzo]

Hi everyone,

I will be back to Denver, Colorado in the near future. My hope is to purchase a Quadplex that is around 5,000 sq ft, with a larger main residence (hoping 2,000 sqft). I usually see older 1900's Victorian homes that fit this criteria. While doing my research I came across a few things: 1. I notice that the expenses are much higher on quads because the ones I have seen are not sub-metered and the owner is paying the water, electric, gas, garbage, etc 2. Are most quadplex's in Denver not sub-metered? 3. If not what is the avg cost associate with sub-metering units? 4. I have noticed an avg GRM of 13.7 is that what you all notice? 5. I see renovated units renting for about $1,600 month (I know it depends per unit, bd, bath, etc.)

On a side note, does anyone ever do home warranty on any of their rentals?  If so, do you pass on the cost to the tenant per claim?

Thanks all!