Fort Collins Rents Up-Vacancy Down: Time To Buy Investment Properties!

This is something that my clients have been taking advantage of for the last 18 months or so, but low vacancy rates and increasing rents have strengthened the rental market in Northern Colorado. Like I said, with KEVCO vacancy rates at 0% and our pre-lease rate at almost 90% for August 1st so far, my investors have been increasing their cashflow on properties across the board.

But the overall health of the rental market in Fort Collins will bring even more increased rents and lower vacancies to KEVCO properties, and make your cashflow and yield target numbers even easier to achieve.

There are a few properties on the market currently that I’ve come across on the KEVCO Investment Tour that I would recommend for anywhere from first time investors to seasoned pros. I look forward to working with either type of client, so give me a call or shoot me an email and we can talk more about it. I hope you all have a great week!

Colorado Bill Bans Private Transfer Fees!

So great news, Colorado is joining the majority of states that have banned private transfer fees on the sale of properties. The bill made it through the legislature last week with no problems, and the governor should sign it into law in June.

Private transfer fees are usually a percentage of the sale price paid to a third party. Luckily we don’t have many properties in Northern Colorado that are subject to these, but it’s good to know that the rest of the state will be free of any going forward, as it unfortunately does not apply to properties that already have the transfer fees applied to their titles.

If you have any questions, please give me call….enjoy the rainy weather out there today!

Price Reduction On A Great Investment!

I wanted to let you know that one of my listings that we currently manage has received a price reduction! It is a 3 bedroom 2 bath that we have managed for 4 years and have never had any vacancy. A new lease for $1350/month through July 31st, 2012 has just been signed on it so along with the price reduction the estimated monthly cashflow numbers (after ALL costs including debt servicing, management, and maintenance) are just above $225, and after tax yearly yield (based on a 5 year hold period) approach 10%.

3012 Stadium Investment Summary

If you’re interested in talking about these numbers, or just have questions about investment properties in Fort Collins, feel free to shoot me an email or give me a call!