Owner FAQs
Answers to your frequently asked questions
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Am I required to make my property available to Section 8?
Property owners are not required to accept Section 8 tenants unless local laws in your area mandate it. Our team stays up to date on Denver Metro regulations and surrounding jurisdictions, so we are happy to walk you through what applies to your specific property and location. -
Are you licensed?
Yes, Abracadabra Altitude Team LLC, is a fully licensed property management and real estate company. Our brokers, agents, and property managers operate in full compliance with Colorado industry standards, so you can trust that your property is in qualified and professional hands. -
Can I reach you after hours?
Yes, we understand that urgent situations do not always happen between nine and five. We provide an emergency contact for time-sensitive issues, while general inquiries are handled promptly during normal business hours by our dedicated team. -
Can you put the money directly into my account?
Absolutely. We offer direct deposit for all owner disbursements, making the transfer of your rental income as smooth and efficient as possible. Getting your money to you quickly and accurately is a priority for us. -
Do I get to see the lease or sign it?
Yes, as the property owner you are welcome to review the lease agreement. As your property manager, we handle the lease signing on your behalf, keeping the process streamlined while making sure you remain informed every step of the way. -
Do you sell real estate too?
Yes, Abracadabra Altitude Team LLC is a full-service real estate company. In addition to property management, our experienced brokers and agents assist clients with buying and selling homes throughout the Denver Metro area and surrounding regions. Whether you are looking to grow your portfolio or sell, we can help. -
How and when do I get my checks?
Owner disbursements are processed on a consistent schedule following rent collection and the accounting of any applicable expenses. We offer direct deposit to ensure your rental income reaches you reliably and without unnecessary delays. -
How is rent collection handled?
We make rent collection simple for both owners and tenants by offering multiple payment options, including online payment portals and traditional methods. Late payments are handled promptly and in accordance with the terms outlined in the lease. -
How long of a lease do you sign?
Standard lease terms are typically one year, though we evaluate each property and situation individually based on current market conditions and your preferences as an owner. We are happy to discuss alternative lease term options that work best for your goals. -
How much security deposit do you charge the tenant?
Security deposit amounts are determined in alignment with Colorado legal requirements and current market standards. Factors such as rental price and tenant qualifications may also influence the final amount, and we guide you through that process with full transparency. -
How soon can you start managing my property?
We can get started quickly once the necessary management agreements are in place and your property is ready for leasing. Our team works efficiently to minimize vacancy time and get your property earning income as soon as possible. -
What type of properties do you manage?
We manage a range of residential properties across the Denver Metro area and surrounding communities, including single-family homes, multi-family units, and condos. Our local market expertise allows us to manage each property type with the attention and care it deserves. -
What type of reports do I get and how often?
Owners receive regular financial statements covering rent collection, expenses, and maintenance activity. We believe in keeping you informed and in control, and additional reporting is available upon request to meet your specific needs. -
Who holds the tenant security deposit?
Security deposits are held in a dedicated account in full accordance with Colorado state law and local regulations. We handle this process carefully and transparently, so both you and your tenants are protected from day one.
