By David Parks · eXp Realty · The Apollo Group · 2 min read
A property manager handles marketing, tenant screening, rent collection, and maintenance for a fee. For many investors, especially those with out-of-area or multiple properties, a good manager is worth the cost.
Fees are often a percentage of monthly rent, plus possible leasing fees and maintenance markups. Ask for a full fee schedule.
Ask about experience, number of properties, tenant retention, communication, and how they handle emergencies. Check reviews and references, and read the management agreement carefully.
Colorado and local laws set rules for deposits, notices, habitability, and fair housing. A professional manager stays current on them.
Even if you self-manage, learn the legal basics. An investor-friendly agent can introduce you to local managers.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.
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