Boulder vs Nearby Cities
Boulder has one of the most aggressive real estate markets in northern Colorado. The city is located less than 30 miles north of Denver but commands much higher real estate prices. The median listing price in Boulder is often around $750,000, and the median listing price in Denver tends to stay below $500,000. Many nearby cities offer even lower prices. For instance, the median home prices in Longmont and Thornton tend to stay around $400,000, and the median home price in Westminster is often closer to $350,000. Renters can expect to pay a median of $2,000 per month even in these more affordable cities.
Boulder Property Managers
A property manager is responsible for handling the daily duties that would otherwise fall on the property’s owner or a real estate investor. This might include overseeing maintenance workers and contractors while collecting rent, answering questions and communicating with tenants about rule violations. A manager may even handle the eviction process when needed.
Boulder Property Management Company Fees
Property owners can expect to pay a professional property manager about 10 percent of the rent received from tenants each month. They may also need to pay a leasing fee when new tenants are brought into the property while covering all routine operational expenses.
Colorado Landlord/Tenant Laws
- Colorado landlords have no restrictions when setting the price of a security deposit.
- Landlords have one month to return a tenant’s security deposit after they vacate the property.
- Landlords may negotiate a longer turnaround time not to exceed 60 days, but the tenant must agree in advance.