The latest podcast titled Denver Property Management Update - July 17th, 2020 focuses specifically on property management in Denver during the pandemic. I interviewed three property managers this time to determine the continued effects COVID-19 is having on the Denver rental market.

You can watch or listen to my interviews with these property managers:

  • Ellie and Devin Reimer of Aerowood Property Management
  • Marc Cunningham of Grace Property Management
  • David Weiss of Rivendell Real Estate

Executive Summary:

  • Rent collection still remains strong. June 2020 is within a couple of percentage points of June 2019.
  • Leasing still remains hot. PMs are reporting continued rent increases on renewals and new leases.
  • A higher percentage of tenants are renewing their lease to stay in the same unit.
  • The eviction moratorium is expiring, but there is a 30 day notice period and they have concerns for a big back log in the courts. The recommendation is to work with your tenants.
  • As of the recording, the extra unemployment benefits are set to expire soon which could cause more tenants to get behind on their rent.

>>>> Listen to the podcast, or read the detailed blog post.

Enjoy!

Chris

Chris Lopez
Investor-friendly Realtor
Your Castle Real Estate
303-548-0846
DenverInvestmentRealEstate.com