Pueblo vs Nearby Cities
The median listing price for homes in Pueblo, Colorado, is under $250,000. It’s common for buyers to pay a median of $150 per square foot within city limits, and the median rent price is around $1,000 per month. Small nearby towns like Walsenburg are known for offering lower housing prices, but others like Canon City are comparable to real estate prices in Pueblo. Colorado Springs is the nearest large city and is known to have a median listing price around $300,000 with a median rent price of $1,500. The median sales price in Colorado Springs is often lower, making the real estate prices more comparable to those in Pueblo.
Pueblo Property Managers
Property managers act on behalf of real estate investors and other property managers who don’t have the time or expertise to manage their rental units efficiently. They handle rent collection, property repairs, maintenance, and other routine tasks as well as marketing, property design and rule enforcement.
Pueblo Property Management Fees
The base property management fee is often below 15 percent of rent collected from all managed units. This percentage may go below 5 percent or above 15 percent, depending on the experience of the property manager, the services offered and the number of units managed.
Colorado Landlord/Tenant Laws
- Colorado landlords have no legal restrictions when determining how much to charge for the rental security deposit.
- If a rental lease doesn’t specify a longer period for the return of a security deposit, landlords are required to return the deposit within one month of the tenant turning in their keys.
- If a rental lease does specify a longer period for the return of a security deposit, the period may last no longer than 60 days after the return of the keys.