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Denver Property Management - Avoiding Craigslist Scams

Web Admin - Thursday, March 23, 2017
The number of fake rental scams on Craigslist and other online classifieds continues to grow, with new aliases appearing daily. But while the names may change, the methods are always the same. These thieves, mainly based in Nigeria, the U.K. and the U.S., are out to steal renter’s money and identity.

There are several items to look out for:
1) The scammers tend to use yahoo, ymail, rocketmail, fastermail, live, hotmail and gmail, and they also post ads under anonymous craigslist addresses.
2) They use photos stolen from other property advertisements and many times copy the legitimate ad with same description and photos.
3) Look for the misspelling of words and more formal language that isn’t commonly used in such online advertising. The emails will be overly polite and poorly written or express excessive eagerness to rent the property without having proper steps including property inspection, background and credit checks.
4) When there are two identical ads the monthly rental fee will be much different. For instance a legitimate ad for a 4 bedroom house would be, say $1,350 per month. The scam ad will list the same property, same pictures and assume the homeowner’s identity but list it for $850. If it’s too good to be true it probably is. They will have a sob story or say they are not available to show the property but the renter can go and check it out if they wish.
5) What they all have in common is that sooner or later they send request to transfer funds via Western Union, Money gram or some other wire service. Never, under any circumstances wire money at the request of the prospective “landlord” and never provide a bank account number, bank routing number or other financial or personal information.

A renter should ALWAYS do business face-to-face with the landlord or property management company. It’s important to have access inside the property and to sign documents and contracts in person and in an office or professional setting.

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Echo Summit Property Management Volunteers at Denver Rescue Mission

Web Admin - Wednesday, March 15, 2017

GREENWOOD VILLAGE, Colorado, December 20, 2016 – Echo Summit Property Management, a leading Denver and Ft. Collins-based Property Manager, continued its commitment of giving back to the community by volunteering at the Denver Rescue Mission.

The Denver Rescue Mission is a 501(c)3 non-profit organization dedicated to serving the needs of the homeless and needy in the Denver metro area. During the volunteering event, Echo Summit staff and family members cooked and served meals to Denver-area needy.

“I could not be more proud of our staff and their commitment to giving back to the community,” said Echo Summit founder and CEO Scott Lukes. “They already deal in an extreme job environment in Denver and Ft. Collins-based residential property management. To see them carve out their own time to serve the community like this is not only heartwarming, but demonstrates Echo Summit’s commitment to the community.”

About Echo Summit Property Management

With nearly 1,000 properties managed, Echo has the experience, technology, process and scale that sets us apart from the pack. Echo is the preferred choice for local investors and Realtors who understand that there can be no compromise in quality and ethics in property management. Our approach and philosophy are simple... once you start treating an investment property like a -rental-, it will eventually dilapidate into one. ALL WE DO IS PROPERTY MANAGEMENT. We do not do real estate brokerage, real estate development, or sell cars. We are property managers who strive for nothing short of excellence. Our dedication and approach has earned Echo a quality reputation in Denver area rentals.

5 Tips for Cutting Utilitiy Costs

Scott Lukes - Tuesday, March 14, 2017
Though spring is upon us we still need to be thinking about ways to trip utility costs. Here are a few that will help all year around.

1) Programmable Thermostats

Instead of forcing renters to manually change the thermostat as the weather changes, it may be ideal for Denver property management companies or property owners to install a programmable thermostat. These modernized thermostats can be scheduled to change the temperature of the unit based on personal preference for various times of the day and seasons.

These devices cost as little as $25, are widely available at home improvement stores, and can yield nearly $200 in savings per year in utility expenses.

2) Windows, Door Frames and Cracks

Without adequately sealed windows and door frames, rental units can let out heat when tenants try to warm up their apartments during cold months and cool air when they attempt to chill their home during hot seasons. According to Energy Star, weather-stripping windows and door frames is something landlords and Denver property management companies should take into serious consideration to prevent renters from wasting energy.

Additionally, cracks can sometimes be hidden from the naked eye, so inspecting a property for small seams where cool or warm air – depending on the season – can seep out of a unit. SmartMoney advises caulking these cracks to effectively seal them and prevent wasted electricity.

3) Insulation

If you’re not sure whether your insulation is protecting your home from outdoor temperatures as well as it might be, a good first step might be to have a home energy audit done (or find do-it-yourself instructions on online.)

This audit should reveal whether you have proper insulation in key locations such as your attic, ducts, ceiling, walls, basements, etc.

There are many different types of insulation, and an expert can tell you whether you’re using the right types of insulation in the right places. For example, spray foam or loose fill insulation is best for unfinished attic floors and crawlspace walls, while fiber insulation works best around ducts. There are several choices for insulating walls, from classic, blanket-style insulation to foam board or concrete block insulation.

4) Light Bulbs

Changing out incandescent light bulbs for more modern ones, such as compact fluorescent bulbs, can considerably reduce a property’s utility bill each month. By simply switching one incandescent in exchange for a compact fluorescent, property owners can see energy savings totaling around $35 during the life of the light bulb, according to SmartMoney magazine. Multiply that by however many light bulbs your property has and those savings could be significant in the long term.

Fine Homebuilding also says fluorescent offer the best cost option for landlords, as they are appropriately priced at home improvement stores in comparison to other energy-efficient models.

5) Fans and Air Conditioners

A substantial portion of a property’s utility expenses for an entire year occur during the warm months, when tenants tend to turn on their air conditioners for extensive periods of time to stay cool. While these appliances typically get the job done, the energy they use can be costly for many owners.

Should you have central AC at your residence, Kiplinger advises you cap temperatures to drop no further than 72 degrees Fahrenheit. Doing so, the source states, can save you 3 to 5 percent on monthly electric bills.

Denver property management companies and property owners without central air systems may want to consider installing fans in their units, which can be more cost-efficient than ACs and still keep renters cool when the temperatures reach high levels during summer.

Denver Property Management Essentials: Selection Criteria & Tips for Lease Applications

Scott Lukes - Sunday, March 05, 2017

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