Highlands Ranch, CO Real Estate News

By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
  One of the most asked questions concerning Highlands Ranch property management is whether or not you can get the maximum value for your rental property.  While the time of the year does factor in greatly, finding the sweet spot for a rent price can be determined with the following steps.  While not an exact science you can estimate a range where the rent might fall into initially.  Given some of the other homes of similar sizes in the same neighborhood you can predict most likely where the rent will end up.  With the range it’s okay to start a little higher than you think just to see what sort of interest is there.  You never want to stay there too long because you can miss out on precious time spent showing the property to interested parties.                  Next select the lowest p...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
Highlands Ranch has no shortage of community go on.  There will be a great what events the kids of us in attendance will be a hawk, a falcon the community will educational and an owl.  There are many adaptations a bird of prey good ones possible.  Sometimes they are spread peppered in throughout the year.  HRCA Metro District has an acute usually casting a Highlands Ranch property management, and have an ear to the floor for every single event put amongst the weeks, environment with the and sense of like.  They are personal.  The three birds wide net to try and get as many interests covered as possible.This Raptors of the Rockies event will be a way for all the children ages 3 and older to get up close to the most common the professional handlers birds of prey in the Rocky Mountain as t...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                  Although signs of Christmas are showing up everywhere in Highlands Ranch the weather hasn’t quite caught up to it.  Sometimes the clouds roll in and it appears like it could snow but they usually relinquish their grip by the midafternoon.  The weather has not gotten below 40 in the last week or so, in fact it is more reliably about 55 or 60 degrees.  This is usually not the norm in Colorado.  We do have seasons, with the occasional freeze day with sun, but mostly cold when it comes to December.  No one is complaining about the nice weather or leaving the heaviest down jacket at home.  It is a surprise, but a welcome one to be sure.  With the cold weather and the countdown to Christmas can come some downtime in your day to day operations.  We’ve all had the days  in Hig...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                In the summer deadlines seem to creep up on every major milestone and every week.  Deadlines have a way of being ever present, in the background throughout the year.  We know all about deadlines in Highlands Ranch property management.  There are many from when someone is moving out, to moving in, to when a payment is due to when a security deposit should be returned.  When you have many deadlines colliding with one another you should always figure a best way to sort them out and focus on them, so none get missed.                 The trouble lies in when you must go into crunch mode and figure out a way to cram something at the last minute.  Working on all the toughest deadlines first allows you to create a much light work load towards the end of the deadlines.  You shoul...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                Any good Highlands Ranch property management company will have more lockboxes than ever possibly needed.  Not any more than they know what to do with however.  That would be pointless if you have too many.  For those that get into the 40 and 50 range you need a good system to keep track of all of them.  Most likely the codes will all be different, as similar codes will certainly cause confusion.  Here are some tips for keeping everything in order.                First you will need to have a master list of all codes you are using.  This can be problematic if you are keen to switch codes frequently.  The only reason you would do this is if you give untrustworthy or temporary vendors the codes while they are sitting on vacant houses.  You should always change codes once to...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                 If you have ever needed to present information to a lot of people at once you know how hard it can be for everyone to absorb it.  This comes in the form of email campaigns that can have any kind of subject.  Usually this is important content that we want to blast out to our client and tenant bases.  This can be anything from alerting them to industry changes or having them be weary of a freeze coming in and to make sure all hoses are disconnected from the spigots.  Obviously, we don’t send so many emails as to be annoying, but it is frustrating when you do need to convey some piece of information.  For these purposes we use Constant Contact, so we can measure all the user response and see the click rates of the information.                 The problem is increasing your...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                During any time of the year it is important to have good phone habits.  When you are in the office you can of course commit yourself to answering the phone on the first ring.  But with showing phones, or work phones it becomes much more difficult.  Especially when this phone is ringing off the hook.  When surrounded by a mountain of incoming calls one must devise a strategy to field them all.  Ensuring everyone gets a response should be the most important thing.  In Highlands Ranch property management our phone is ringing more than it is off.  This is just a simple fact of the business.  A necessary evil if you will.  Here is how we often tackle this issue.                What we find helps immensely is having the answer for what people may be calling for on hand.  This ...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                When you are having multiple turnovers in a rental property you need to have a checklist for the initial walk through with the tenant.  As part of our Highlands Ranch property management walk throughs we go room to room with our tenants and take note of any pre-existing damages present. We have everything marked down on our checklist forms as well as supporting photographs.  Doing this in person is a good way to show what is not considered a damage that will be deducted upon move out.  This is always a tricky situation for tenants, especially those that are overly concerned with marking down everything they see.  The rule here is general and normal wear and tear are not acceptable charges at the end of a lease.  This includes minor scratches to baseboards, handrails and ...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                 We never stop taking on new properties during this time of the year.  Even with a seasonal slowdown that comes reliably every year, we still manage to fill our vacancies.  This is done through a specific technique that has become more important in the last two years.  The inventory of Highlands Ranch property management units for rent has increasingly gone up.  The number of prospective renters tends to dip in the winter months, especially in November and December.  What becomes most common are relocations, lease break or people looking to snag a deal.                  While it is certainly harder to fill a vacancy in these months, due to increased competition among listings, you can head that off by distinguishing your property in a sea of listings.  This requires a co...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                It’s these times of year that you should be planning your goals for the next year of business.  Usually the dust is settling now, and you focus a brief period of a few weeks to recharge, enjoy the holidays and focus on family.  Beyond that the beginning of the year is right on the horizon.  Figuring out what to do for the year is an important task in Highlands Ranch property management.  Most of the business is on a seasonal cycle, with a slight slowdown in the winter months.  From February through October the work load is increased dramatically.  Staying on top of the work load while paying attention to goals for the future requires some clearly defined benchmarks throughout the year.                We always split up our goals into quarters.  That way you can realistic...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                 When you are managing several hundred properties it is important to have great systems in place.  One area where a property manager differs from a self-managing owner is in late fees and collection of those fees.  You often hear stories about people self-managing their home and letting their tenant get by a month without paying the rent.  There are the excuses and the stories, and the promise that it will come next month.  Suddenly, they are two months behind with no way to catch up.  Even if you do file for eviction at that point you will still be out a considerable sum of money.  Our Highlands Ranch property management lease ensures that a non-paying tenant does not make it a month past the point they have stopped paying rent.                The late fees are the best...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                Showing vacant homes can be something of an art.  At a minimum, it is inherently easier to show a vacant house or have someone show a vacant house than if it is tenant or owner occupied.  The liability aspect is ignorantly lowered, and the scheduling aspect is immensely easier.  In our Highlands Ranch property management portfolio, we can sometimes have up to 5 vacancies at any given time in a month.  When they are vacant it becomes much easier to fill them.  Here are some universal tips for showing a vacant home.                Scheduling these showings is easy as you have a blank slate for people to sign up for.  If you decide on a two hour block you can put people in every 15 minutes to fill up that time.  Deepening on the volume of calls you are fielding you can doub...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                   Industries will continue to change as the year develops and passes.  Industry secrets may become available, there may be updated conclusions or revelations about certain sectors of your market, and these bits of information will make business easier. The easiest way to collect this sort of feedback is to continually collect the feedback and constructive criticism of your clients.  Usually you will get the most charitable arguments from your actual inner circle.  When new information becomes available, each business owner always takes a bit to see how they can apply those principles to their own Highlands Ranch property management portfolio.  The gathering of this information is most important and when coming straight from your clients they are exceedingly more useful....
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                 Everyone’s business cycles can be different throughout the year.  When you have off periods or times of slowdown you should be focusing on creating new strategies for drumming up new business.  It is hard to dedicate too much time and attention to this when you are bogged down in the heat of the busy season.  That is why flexing your creative juices during slowdown periods is most beneficial.  Not only will it prevent you from burning out, but switching focus to something else does wonders for motivation. In Highlands Ranch property management, we often find a slight slowdown in November and December.  We are always taking on new clients however, so that does not take a rest.  November and December are when we schedule our off-site meetings and focus on putting everythi...
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By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Our team has heard from several of you asking about Mansion Pointe Highlands Ranch Homes the past month. As Buyers continue to far outnumber Sellers, we are checking the inventory of Highlands Ranch Homes every day, watching for properties as they are entered into the MLS. We recently prepared this report for one of our clients, and thought it was worth sharing here.Some of the Key Points: Right now, there are 5 active Mansion Pointe Homes on the market. Right now, there are 139 active Highlands Ranch Homes on the market. There are Currently 1 under contract Mansion Pointe Homes on the market. There are currently 189 under contract Highlands Ranch Homes on the market. There are 1 Highlands Ranch foreclosures on the market. Average prices increased $25,967.00 over the last year from $534...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                Part of every good business strategy is the ability to articulate your point.  Often times your clients can get hung up on certain details, or get emotionally hijacked when presented with some bad news.  Business requires you to be tough at times and deliver information that isn’t always pleasant to hear.  This usually takes the form for us in industry changes within Highlands Ranch property management.  We do take time to construct our messages and take special consideration to convey any changes very clearly.                One big communication with clients we have had this year is about price expectations for a rental property.  We do start off with our own software, that will get a number for rent based on immediate comps in the neighborhood.  This number will have ...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                One of our favorite things at Blue Olive Properties is the transition from Fall to Winter. For the last few months we have experienced beautiful tree leaves changing and falling away.  While the transition into winter is not quite so colorful there are other elements to life around the office that are great.  The first is that you gain a renewed interest in exercising or going to the gym.  If you’re like me, you want to be outside all the way until the weather is biting.  The nice fall days and crisp nights can keep you outside, knowing that they will go away once you are blanketed in snow. When it is cold and snowy out, you like to be inside, hibernating or working out.  Gym time is much easier to prefer if there is no alternative and it gets dark right when you are lea...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                  It is important to budget your time during the work week.  We all have packed schedules, that juggle multiple events at multiple locations.  Add kids to the mix and you suddenly have sports game to attend and lunches to make.  The week can fill up very quickly.  It is important to budget your time and energy equally amongst these categories of your life.  In Highlands Ranch property management, we have packed schedules every week.  Whether this is a new meeting with an owner, another showing, or simply being in the office 9-5 putting out fires.  There is never a shortage of things to do and because of that, certain other areas of your life can take a backseat accidentally or unintentionally.                 Work/life balance is important to stay confident in your busin...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
                 As you transition into Fall, you should always regroup and plan what you will be doing in the next few months.  In Highlands Ranch property management this cycle usually looks the same each year.  There is a cyclical slowdown when the cold weather and holidays roll around.  After a long summer, this can usually be taken as a respite.  It is nice to have a breather if you have been putting your nose to the grindstone for many months prior.  Your regrouping should be called Fall Ideas and have the year after it.                What this process allows you to do is to not take the foot off the gas as you approach the end of the year.  We all know about having extra people and prospects in the pipeline as our busy cycles conclude.  You need to achieve a great balance of tak...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
 Those of you looking to get involved with your Highlands Ranch community should no look no further than the Joint Architectural Review.  This committee meets at Eastridge rec center every other Thursday and covers a wide variety of items that deal with the community and general aesthetic of the entirety of Highlands Ranch. Highlands Ranch property management dictates that we keep an eye on any improvements inbound to our community.  It is important to be involved whenever possible with decisions that affect the entire neighborhood.  There town meetings every week and most are worth checking out at least once in the time you may live here.  These are limited to HRCA members of course, but if you are living in Highlands Ranch you have already signed up to be a part of the great rec cente...
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