1031 Exchange: A Way to Expand Your Portfolio

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At Dakota Property Management, we specialize in helping investors expand their real estate portfolio by finding and managing properties on their behalf. One method for increasing your portfolio is through a 1031 Exchange. What Is a 1031 Exchange? A 1031 exchange is a tax-deferred exchange that allows investors to sell one property and purchase another…

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Comparing Property Management Fees: Flat Fee vs. Percentage

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When choosing a property management company, one crucial factor to consider is the fees they charge for their services. A reputable management company handles various tasks such as tenant screenings, rent collection, maintenance repairs, taxes, accounting, etc., but they will charge you for these services. The payment structure typically depends on your financial situation, the type…

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The Benefits of Using a Property Management Company – Dakota Property Management

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Managing a rental property can be a lucrative investment opportunity, but it also requires a significant amount of time and expertise. If you’re unable to manage your property yourself, consider hiring a property management company like Dakota Property Management. We can take care of all the day-to-day tasks involved in managing your property, such as:…

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Cold Weather Protection Tips for Your Rental Property

Man with a snow shovel clears tenants’ driveway in front of apartment complex

Winter can be a challenging time for property owners and landlords, especially in Colorado, with our colder climates, snow, and unfavorable weather conditions. During this bitter time of year, not only are the elements a threat to safety, but tenants tend to stay inside using more heating, lighting, and hot water than usual, creating potentially…

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Why Communication with Your Property Manager Is Important

Property manager shaking hands with two women tenants

Communication is key in any relationship, including the relationship between you and your property manager! A property manager’s most important responsibility is communicating with their tenants. Frequent communication helps managers to understand and cater to their tenant’s needs while allowing tenants to gain more insight into the unit they call home. Here are a few…

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