TRU REAL ESTATE SERVICES BLOG

Professional property managers have very strict legal requirements regarding how they handle incoming and outgoing monies that belong to the tenant or the owner. There are also strict, but seldom followed requirements regarding bank reconciliations. While many property managers conduct monthly bank reconciliations (which reconcile their property management software general ledger balances with the ... final monthly bank statements), very few are conducting the necessary 3-way tie-over, which reconciles the bank statements and property management... Read More

Property management usually has more to do with ‘grey areas than it does with black and white. There is no more grey right now than with medical marijuana and outright legalization of marijuana through Amendment 64. The big issue, of course, is that federal and state laws differ from one another. On the federal level, HUD enforces the federal Fair Housing Act (Amended, Title II of the America ... ns with Disabilities Act, and §... Read More

When you move into a new rental, there s one hard and fast rule for landlords to follow: the place must be in “broom-swept” condition, meaning it s clean, and the appliances have to work, says Marcia Brinson, OWNER of Tru Real Estate Services LLC , a Denver Co property management company. “All the rest is negotiable,” he says. In other words, you can get your landlord to pay for some repairs and upgrades before... Read More

5 Tips for Property Managers to Win the War on Wear and Tear As a property manager my core value proposition is: to have our tenants live in a safe, clean, and well- maintained home while providing rental owners with peace of mind that their properties are well cared for. That said, how do we let rental owners — especially new investors — know that wear and tear comes with the territory, and that we... Read More

10 questions to ask your property manager before you give them your business Selecting a good property manager is much like choosing an accountant. You need to know what the issues are, and have a set of questions to ask them, before you give them your business. If you re new at owing a rental property here are some suggestions on what questions to ask when you re selecting a property manager. Consider using a... Read More

For decades, it was drilled into the minds of many Americans that renting makes you a second-class citizen. You only rent until you can move up in the world and achieve the American dream by purchasing a home -- but those days may be behind us. About three in five adults believe renters can be just as successful as homeowners at achieving the American Dream, and more than half believe buying a home has become... Read More

Typically, when one thinks about moving, the thought is accompanied with the idea of selling one s home, but this is not always the only option. Some people choose to rent their home out to another tenant instead. There are various motives behind this decision, whether it be that they are only leaving for a short period of time such as a year or two to pursue a graduates degree or the time it takes... Read More