5 Things to Keep in Mind When Choosing a Property Manager

Masters Real Estate • February 6, 2024
Denver property manager

When you're looking for a property manager, it's not always easy to know what to look for. There are 5 key things to consider when choosing someone to manage your investment property. Read on to learn what these are and how to pick the best property manager to save you time, money, and stress while managing your properties!



Find a property manager who brings expertise and experience to your partnership

A good property manager will have experience in the local market and the type of property you are looking to rent out. You want to find someone with experience so that when an issue comes up, you can trust that they will leverage their knowledge and take the best recommended course of action. A good property manager will find you good tenants, quickly deal with issues with tenants when they arise, and help ensure that any repairs needed are done properly so that the property stays in good condition over time. This means fewer unexpected costs down the road!


Choose a property manager who is focused on the local market

In choosing a property manager, it’s important to choose someone who is focused on the local market and understands the trends guiding it. If you are investing in rental properties, then your ultimate goal is to make money by renting out your properties for more than your mortgage and hold the properties for long enough that you get a solid return on your investment. A good property manager will help you identify good investments that will make you money over time so that when it comes time to sell them back at market value or refinance, you’ll have gained equity in those assets.


Partner with a property manager who will free up your time

A good property manager will take tasks off your plate such as screening and placing tenants, collecting rent, transferring utilities, property inspections, handling normal and emergency maintenance issues, accounting, and more.  Full-service property management companies like Masters Real Estate provide market analysis, lease negotiation, and marketing services along with routine maintenance tasks.  In addition, they can help you prepare your home for sale, buying or selling properties, and even manage both sides of the transaction in the event the owner sells to the tenant.


Look for a property manager who has solid reviews from clients

It's important to check out reviews to see what others are saying about the property manager. Property managers are constantly dealing with issues and juggling the interests of the homeowner and tenants, however we pride ourselves on being able to mediate issues effectively to ensure both parties are happy. Check out the positive reviews for Masters Real Estate.


A good property manager will help you track returns

It's important to have line of sight into your profits for your investment property. Masters Real Estate provides the following:

  • Investment Property Consulting: Market analysis, renovation advice, 1031 exchanges, and tax deferment strategies 
  • Online Portal: Access to dashboard to view income and documents and approve estimates
  • Tax Documents: Year-end income and expense reporting, 1099-MISC
  • Accounting Services: Disbursement of funds for rent and maintenance fees 


In the end, it’s important to remember that a property manager is a business partner. And like all good partnerships, it will only work if both parties are on the same page. Your property manager should be willing to listen and adapt as you grow as a business owner. If you're looking for a full-service property management company, please use our contact info below to get in touch with Masters Real Estate.

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By Masters Real Estate July 1, 2025
When it's time to turn over a rental property in Colorado, few tasks are as important — and often overlooked — as carpet cleaning. Whether you're managing a small apartment in Denver or a single-family home in Colorado Springs, getting those carpets professionally cleaned before new tenants move in can make a significant difference in your rental’s appeal and long-term maintenance. How Much Does Carpet Cleaning Cost in Colorado? The cost of professional carpet cleaning in Colorado varies depending on the location, type of service, and size of the area, but here’s a general breakdown: Per Room Pricing: $30–$70 per room Per Square Foot Pricing: $0.20–$0.40 per sq. ft. Whole House Flat Rates: For an average 3-bedroom home, expect to pay between $150–$300 Masters Carpet Cleaning Here are our rates for carpet cleaning. We do this for our homeowners at lease turnover and like to keep our rates competitive and save our homeowners some money. $200 minimum charge $.30 per Square Foot $35 - Set of Stairs $50 - Pet Enzyme Deodorizer $50 - Stains (need to get chemicals and train on using iron) $50 - Scotch Guard Why Carpet Cleaning Is Essential During Tenant Turnover First Impressions Matter Clean, fresh-smelling carpets help make your rental look well-maintained and move-in ready. This sets a positive tone with new tenants and can help justify your rental rate. Protects Your Investment Dirt, grime, and pet dander build up over time, especially with heavy foot traffic. Professional cleaning helps extend the life of your carpet, saving you money on premature replacement. Health and Hygiene Carpets can trap allergens, bacteria, and dust mites. A thorough cleaning helps create a healthier environment for incoming tenants — especially important for those with allergies or children. Meets Legal and Lease Obligations Some cities and counties in Colorado encourage or require landlords to provide a clean and habitable unit at turnover. Carpet cleaning can be considered part of that standard. Security Deposit Disputes Tenants often expect that the carpet will be professionally cleaned before they move in. If it isn’t, and the carpet is already stained or smells of pets or smoke, you could face complaints or even disputes over deposits when they move out. Pro Tips for Landlords and Property Managers Schedule Ahead: Carpet cleaners often get booked up at the end of the month. Schedule as soon as you have a move-out date. Use the Same Vendor: Establishing a relationship with a local carpet cleaner can often lead to discounted rates and more reliable service. Add It to Your Move-Out Checklist: Ensure tenants understand that carpet cleaning may be deducted from their deposit if not done to professional standards. Document the Condition: Always take before-and-after photos. This protects both you and the tenant in case of disputes. Carpet cleaning isn’t just a “nice to have” — it’s a critical step in property turnover that protects your investment, improves tenant satisfaction, and helps maintain a professional standard across your portfolio. For the relatively low cost in Colorado, it delivers strong ROI and peace of mind.  Have questions about prepping your rental property between tenants or need help sourcing carpet cleaning vendors in your Colorado area? Drop a comment or reach out — we’re here to help!
By Masters Real Estate May 19, 2025
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By Masters Real Estate May 1, 2025
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