All Forum Posts by: Ryan Denman

@Wesley W. quite right.  While having problems is a natural part of growth, I'd like to mitigate as much as I can by learning from others experience.  Standing on the shoulders of giants, so to speak.

@James Carlson take no offense at the following question...but do you use AI to write your posts?  Bold formatting is something that my experimental post writing always has.  If you do use AI to help write your posts, how do you train it to speak in you vernacular?

I'd be interested in how they operate as well.  I'm very skeptical of fintech companies who try to make things easier for landlords (with little to no knowledge of real estate).

I've managed two rentals for the past 6 years and things have been pretty smooth sailing. I keep the units up very well, respond quickly to maintenance requests, and treat my tenants as valued guests. It only takes a min of scrolling through the sub to find that it can be very different.

I've thought of trying to expand my rentals, or do something else in the realm of property management, but don't want to get blindsided by something I have not seen.

How does the landlord-tenant relationship turn sour? What can be done to prevent or fix it when it does?

Owners are not professional property managers, thus should not have a say in which tenant is placed.  First qualified tenant should always be the one to get the vacancy.  Any deviation from this rule risks a fair housing violation.

I just got back on BP forums recently.  I did not recall seeing ads previously?  I'd assume that my pro membership would allow me to not see ads.

What are other changes to BP for that last few years that were good, bad, ugly?

In Colorado there is now a law that prohibits requiring more than 2x income, so every potential tenant here could be in that situation.  

I look at it like a mortgage broker.  What is the tenants debt to income ratio?  If they have a reasonable amount of income left after factoring in all of their debts, then approve them.  What ever that "reasonable amount" is would be based on the cost of living in your area.

It won't do the tenant or you any favors to let someone in who won't be able to afford rent after six months.

The first two that got me into being a landlord were:
-Landlording on Autopilot by Mike Butler
-The Book on Managing Rental Properties by Brandon Turner

Since then, I've found others that were better:
-First-Time Landlord by NOLO
-Every Landlord's Guide to Managing Rental Properties by NOLO
-Professional Property Management by Zenya Allen

What other books are best for the first time landlord or for the seasoned veteran? Why did you like a certain book?

Hi All,

I'm reading through the latest version of the BP Residential Lease Form and it contains a clause that seems to say that a jury cannot hear a trial related to a dispute between landlord and tenant. Especially since the title of the clause says "jury waiver", this seems to be in violation of Prohibited Provisions in Residential Leases (CRS § 38-12-801).

28. Attorney’s Fees; Collection Related Costs; Jury Waiver. In any disputed court action where the court resolves the dispute and determines the prevailing party, the court shall also award to the prevailing party its reasonable attorneys’ fees and costs and the non-prevailing party shall be liable to the prevailing party for payment of any court awarded attorneys’ fees and costs. Landlord and Tenant agree that any action or proceeding in which Landlord is seeking possession of the Premises from Tenant, a trial shall be heard by a court sitting without a jury. If Landlord has filed an eviction due to Tenant’s Default or other breach, including breaching for non-payment of Rent, regardless of the outcome or disposition by the court, Tenant agrees, upon request, that the court shall make a determination who the prevailing party is in any eviction and whether any attorneys' fees and court costs sought by any party are reasonable. If for any reason the Court does not make such determination in any eviction lawsuit between the parties, Tenant and Landlord agree that a court in any subsequent action between Tenant and Landlord shall make that determination. Tenant covenants and agrees to pay interest at the maximum lawful rate or eighteen percent (18%) interest, whichever is less, compounded annually, on all unpaid Rent, damages, and other amounts owed by Tenant, excluding late fees, from that date of Landlord’s final accounting until such time Tenant pays all such outstanding amounts.

Who agrees?

Listen to Josh and Brandon and go PRO today!
(if you did not 10 years ago) :)