What are the responsibilities of my Property Manager?
• Collecting rent. • Taking calls and emails and faxes from the tenant. • Arranging for repairs. • Ensuring repairs are done properly. • Sending appropriate notices to tenants for late or nonpayment of rent, violations of the rules, etc. • Coordinating or overseeing evictions. • Obtaining your approval for major expenses. • Inspecting the property aperiodically. • Providing you with accounting of all money received and disbursed monthly, as well as keeping a client trust account for owner money. Colorado state law and the Colorado Real Estate Commission And Department Of Regulatory Agencies (DORA) does regulate property managers much as it does real estate agents. (9) What expenses are tax deductible? Is the interest paid on the mortgage still deductible? All management expenses are deductible, as well as repairs and maintenance. Your mortgage interest is also deductible, as are your property taxes and insurance and any applicable Home Owner Association (HOA) fees. In fact, all your ex
