Navigating Colorado’s Radon Disclosure: A Guide for Landlords and Sellers with Dakota Property Management
Navigating Colorado’s Radon Disclosure: A Guide for Landlords and Sellers with Dakota Property Management Radon, an undetectable and colorless gas linked to lung cancer, is a significant health concern in Colorado. To address this issue, the state has implemented specific radon disclosure requirements for landlords and sellers of residential properties. These requirements aim to inform…
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10 Tips for New Landlords: Getting Started with Property Management
“10 Tips for New Landlords: Getting Started with Property Management” Are you considering becoming a landlord? Congratulations on taking this step toward financial independence and property ownership. While being a landlord can be rewarding, it also comes with its fair share of responsibilities. To help you get started on the right foot, here are 10…
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Tackling Fall Maintenance: How Property Managers Can Help
As autumn arrives, property owners face lengthy maintenance tasks to ensure their properties are ready for the colder months ahead. Proper preparation protects the property from potential damage and guarantees the comfort and safety of the tenants. While some landlords may feel overwhelmed by this seasonal transition, property managers help ensure a smooth and seamless process.…
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How to Improve Tenant Retention in Your Properties
Successful property management revolves around a key concept: tenant retention. Minimizing turnover increases revenue consistency and reduces associated costs. While numerous strategies exist to achieve this, one of the most effective ways is partnering with an expert property management company like us. Here are a few ways Dakota Property Management can help improve tenant retention…
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Effective Ways to Keep Your Rental Property Cool This Summer
As summer arrives with warmer temperatures, landlords must ensure their rental properties remain cool and comfortable. A cool rental property not only increases tenant satisfaction but also aids in tenant retention during the sweltering months. Here are some effective ways to ensure your property stays cool this summer! Practice Regular HVAC Maintenance It is important…
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1031 Exchange: A Way to Expand Your Portfolio
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
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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Cold Weather Protection Tips for Your Rental Property
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
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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