8z Real Estate has launched a sister company that focuses on the robust rental market in Colorado.
The new company, 8z Rentals, provides services to assist large and small investment property owners, as well as a variety of services for clients looking for a rental home. 8z Real Estate was founded in November 2009 to serve buyers and sellers in Colorado.
Both companies share one founder, Lane Hornung, who in addition to being the co-founder of 8z Real Estate is its CEO and President. 8z Real estate is a sponsor of InsideRealEstateNews.
In addition to Hornung, Forrest Noble ils a founder of 8z Rentals.
Noble has more than 25 years of property management experience in Boulder county managing as many as 82 properties in his personal portfolio by the late 1990s. He has also been a licensed real estate broker since 1990.
With his background, Noble became well versed in services that a property management company can provide to ease the hassles for both small and large portfolio landlords.
8z Rentals features the latest technology to connect tenants, or “residents” as the company prefers to call them and property owners.
Owners who were otherwise just planning on putting a ‘For Rent by Owner’ sign out can list their property for free on 8zRentals.com, only paying if the resident with the new lease came through 8z Rentals.
After the lease is signed, 8z Rentals’ property management services utilizes cutting-edge technology with easy online rent collections and disbursements, maintenance requests and year end statements prepared by a certified public accountant.
One of the most frustrating aspects for landlords is managing repairs and vendors. 8z Rentals has identified the best local vendors to work with, enabling a quicker repair, whatever it is a leaking pipe an electrical problem or anything else. There are no mark ups on these maintenance costs to the property when 8z Rentals coordinates them.
As vacancy rates shrink across the state, the hunt for a rental home can be all the more time consuming for families looking to make a quick relocation to Colorado and need to identify their rental. As previously reported by InsideRealEstateNews, the first-quarter apartment vacancy rate in Colorado was 5.2 percent.
8z Rentals also has services for resident representation, much like the services frequently found in large cities like New York City, San Francisco and Chicago. These services vary in price but include neighborhood and available home tours when you visit, as well as help from afar such sending you room measurements, floor-plans and photos of the properties that most interest the new resident.
Using 8z Rentals helps consumers avoid the all-to-common rental scam increasingly found on sites such as Craiglist, which can waste time and money and be frustrating for investors trying to identify out-0f-state properties.
8z Rentals is headquartered in the same location as 8z Real Estate in Boulder.
However, the company doesn’t plan to just focus in Boulder, but rather expand across the Front Range, from Fort Collins to Colorado Springs.
Lindsey Wolters-Houtz, office manager at 8z Rentals, brings more than 10 years of experience managing hundreds of units in communities from Boulder to Arvada, Westminster and Broomfield. 8z Rentals will soon be adding a desk in 8z Platinum Partners’ office in Cherry Creek , which will allow them to better meet the needs of residents and owners in the Denver metro area.
For more information, please visit 8zRentals.