$150 flat fee per month. See Property Management Agreement (PMA) for details.
1. Property management, including tenant search and leasing (for owners who need both tenants & management).
2. Tenant search and leasing only (findings qualified tenants only).
3. Property management only (property already rented but needs rent collection and management).
Credit and criminal background check, employment verification, income verification through pay stubs, and previous landlord or mortgage history are normally performed.
We have experience establishing the correct rent amount based on our 30 years of experience, knowledge of the current market and access to computer-based models. Call or email us to request an accurate market analysis.
The directors and staff have over 100 years cumulative experience in residential rental property management, including HOA violations, marijuana-related issues, domestic violence, habitability, evictions and even deaths in properties.
No. See Property Management Agreement for details.
Finding a tenant usually takes from three days to two weeks. We maintain a list of prospective tenants. The time required also depends on the owner’s desire for a certain type of tenant or lease terms, such as tenancy commencement or duration, non-smoker or no pets.
Most tenants pay rent electronically on the first day of the month directly into the owners Property Management Account set up by FRBO at 1st Bank.
Bills (HOA dues, invoices, mortgages, etc.) are paid by FRBO or the owner from that one account. This gives the owner an individual and accurate history of deposits and withdrawals.
Yes, by phone at 303-663-0000 from 9 am to 5 pm.
Yes, owners have 24/7 phone access to Property Management Accounts at 1st Bank. Call 303-688-5000 (or call Brenda at 303-660-7960 during office hours). Online banking is also available anywhere in the world over the Internet.
We discuss the situation with the tenant to determine if the non-payment is due to job loss, medical problems or the like. If so, we discuss the best course of action with the owner. Normally, we follow our standard procedure of posting a 3-Day Demand Notice, and eviction if necessary. This process normally takes 30 days.
We manage single family detached homes, townhomes and condos. We do not manage commercial properties.
In the Denver Metro Area (Counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, El Paso, Jefferson, but not Boulder)
Consult your tax professional but normally you can deduct all expenses, including FRBO management and leasing fees, repair expenses, mortgage interest, property taxes, depreciation, HOA fees, insurance costs, legal fees and some hotel and travel expenses incurred to inspect your rental property.
Our office has experience in purchasing additional rental properties, 1031 Exchanges and selling rentals to existing tenants to avoiding real estate listing fees.
Yes. Go to www.ForRentByOwner.com. For $20, your property advertisement can be quickly posted and uploaded to other rental sites such as Zillow, Trulia, HotPads, etc.
Yes. Talk with our leasing agent about your special requirements.
FRBO started in 1997 as a Douglas County-based corporation managing properties in the Denver Metro Area. The company’s philosophy and employee guideline is to, “Do what is best for the owner.” With that simple statement to guide us, our company has written over 5,000 leases, helped investors purchase properties, assisted in tenants purchases from owners and educated owners and tenants in real estate law.
John Rohl - Real estate investor, president of ForRentByOwner.com, president of Castle Rock Financial Advisors.
Dan Danser - Attorney and legal advisor to FRBO, specializing in business law and real estate, Princeton '69.
Dave Watts - President of the Property Management Company, Real Estate Investor, Real Estate Instructor and Author of the book, “The Powerful Little Real Estate Book” available on Amazon.com.
Lauren Capper - Accounting and Property Management
Fax : 303-688-2227
Andrea Hansen - Accounting and Property Management
Fax : 303-688-2227
Eddie Ellington - former schoolteacher 25 years with extensive knowledge of school districts, real estate investor, real estate agent and consultant.
“FRBO manages my former residence in Colorado and one other rental. I can always count on them to perform any special tasks on my investment properties.”
- Roger Laton -
Roger is a former Major in the Marine Corps,
retired and now lives in Alabama.
“FRBO has managed a number of my properties for nearly two decades and their honesty and personal service puts them far above any other property management company.”
- Ward Lucas -
Ward is the author of “Neighbors at War”,
The true and unpleasant truth about HOAs.
“FRBO has managed my property since 1997. Rents are always in the bank every month. Thanks Dave.”
- Steve Soper -
Steve is an engineer and builds large-scale power plants around the world, now living in Vietnam.
"Upon relocating from Washington, we rented from FRBO. It's a good company and as a tenant, we appreciated their consideration during our tenancy.”
- Ron Throupe -
Ron holds a Ph.D. in Real Estate
and teaches at Denver University.
“I turned my property over to FRBO in 1997. They have raised rents in line with the market over time and I have had wonderful tenants. The last tenant stayed eight years.”
- Stan Olsen -
Stan is a world traveler and lives in Anchorage, Alaska.
“When I first met Dave at FRBO, I only had one investment property. FRBO helped me purchase and expand my investments to nine rental properties. Thanks folks!”.
- Gus Exarchos -
Gus is a hard working businessman and invests in real estate. Gus lives in California
“FRBO helped me sell two rental properties to my tenant saving the 6% real estate fee and the hassle of listing on the MLS.”
- Don Brown -
Don was a corporate president / board member of an international pharmaceutical company and a Colorado native now living in Florida.
“I've been with FRBO for 18 years. Dave and his team take care of my properties, deal with the HOAs and find me great tenants. I trust them 100%.”
- Randall Brant -
Randall was Display Advertising Director for the Denver Post, he now resides in North Carolina.
We wrote the book on Real Estate Investing. Call 303-663-0000,
email for a free book or order from Amazon.com.
Becoming a landlord might seem impossible when you're in your 205 or 3os. Investing in real estate however, enabled Dave Watts to retire at 45. Follow his tips and you could retire early too!
This book shows you —
Dave Watts bought his first rental property in college; so acres of land with a mobile home. He lived in it with a tenant and, after graduation, rented it out. Dave continued to buy properties while working as a computer salesman, and quit his job at 45. In 1997, he helped launch ForRentByOwner.com, an international directory of homes for rent.
Includes a Spanish translation! Este libro contiene una traduccion completa y precisa al espariol.
Vendors offering discounts to FRBO’s property owners
This Link will take you to www.ForRentByOwner.com, an International Website developed by FRBO. Owners, Realtors, Investors and Agents advertise available rentals on this site.
To find FRBO available rentals in the Denver Metro Area, click on www.ForRentByOwner.com and then type “Eddie” in the white search box in the upper-right of the webpage.
Realtors and Property Managers often work together to offer more comprehensive services to benefit the client. Realtors help sell and buy properties as an agent for the seller or buyer. Property Managers manage real property and interface with the owners over an extended period of time as a “general agent”.
FRBO pays a fee to Realtors for referring properties that become managed by FRBO.
Call or email us today! 303-663-0000
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