Property Management News

If you’re facing a lawsuit, you may wonder if your real estate property can be taken from you as part of the legal proceedings. In most cases, the answer is yes. Real estate property is considered an asset, and the court can take them to satisfy a judgment.  Exceptions exist in some states that exempt your primary residence from seizure, but up to a specific value. You can take steps to protect your assets, including your real estate property. However, searching for legal ways to safeguard them is crucial before litigation. On the other hand, can you protect assets after a lawsuit is filed? It can be challenging but not impossible. The first step is to discuss the best way forward... Read more

Starting this year, Denver landlords must hold a license for every property they own with two or more units. But as of Jan. 3, thousands of rental properties were still out of compliance with the new licensure requirement, which took effect Jan. 1.  To obtain a license, property owners must pass an inspection with an approved inspector and pay a fee to the city. The licenses expire and must be renewed every four years, ensuring that no building goes uninspected for too long. The change results from a measure passed by the Denver City Council in May 2021 that stipulated the new rules for all properties offering leases longer than 30 days. The goal of the requirement was to ensure the... Read more