Apartments, Condos, & Homes

5 Reasons To Be A Multi-Unit Landlord In Denver

Buildings In DenverResidential real estate falls into two categories: single-family and multi-family. Owning multi-family real estate isn’t for the faint of heart, but the right property management team can help you get the most out of it. We’ve put together 5 great reasons to be a multi-unit landlord in Denver.

  1. Denver’s Hot Housing Market
  2. Grow Your Portfolio Faster
  3. Finance Simplicity
  4. Income Benefits
  5. You Don’t Have To Manage It Yourself

1. Denver’s Hot Housing Market

The biggest reason why real estate investors are interested in Denver is its growing population. The number of jobs and renters is increasing. Though the market slowed down because of COVID, things are picking up now that the city has opened up again.

2. Grow Your Portfolio Faster

With multiple units per address, multi-family real estate is the perfect fit for investors building an extensive portfolio. Buying a 10-unit apartment building takes far less time than purchasing ten single-family homes.

You may grow your portfolio two units at a time and still outpace the investor focused on single-family houses.

3. Finance Simplicity

You can purchase most duplexes with one straightforward loan. In that sense, buying a triplex isn’t any more difficult than buying a single-family home. Insurance, like financing, is also simple to get.

To make things even easier, many landlords start by owner-occupying their triplex. In other words, the landlord lives in one unit and rents out the rest. Owner-occupied properties often qualify for smaller down payments and lower interest rates.

4. Income Benefits

One of the reasons people become landlords is because of how easily rental properties generate revenue each month. A few duplexes can multiply your income for a minimal extra cost. In a strong market, units can turn over quickly, ensuring a steady cash flow every year.

5. You Don’t Have To Manage It Yourself

The money a few townhomes generate can leave more room in your budget to afford property management services. Our Denver property managers can show you how to optimize your investment property and take care of everything from leases to tenant screening to maintenance requests.

Connect With A Denver Property Manager

Multi-family opportunities can be an excellent option for novice investors dreaming of large portfolios, or experienced investors who want to add a new property type. If you’re looking in Denver and want local expertise, contact Cobalt Creek Property Management today to learn more about our services.

Service Area

We proudly serve properties in Colorado, specifically focused on the Denver metro area, including: Denver, Greeley, Lakewood, Wheat Ridge, Thornton, Northglenn, Brighton, Broomfield, Arvada, Commerce City, Dupont, Eastlake, Henderson, Westminster, The Highlands, Sloan's Lake, LoHi, Cherry Creek & surrounding neighborhoods.

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Why Choose Us?

We know you have a lot of choices when it comes to finding a property manager you can trust. We specialize in the latest technology, with unparalleled efficiency, and an extreme focus on quality communication.

We utilize every available resource to effectively manage your property rental and leasing needs.

Tired of renting or being a landlord? We're also a full-service Colorado real estate broker. We offer complete representation for both home buyers and sellers.

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Contact Us Today

We're happy to help you with all of your questions, concerns, and requests. Give us a call today.

Cobalt Creek Property Management
565 James Martin Circle.
Ohio 43221