Tag Archives: Apartment Guyz

Home / Posts tagged "Apartment Guyz"

Moving to Denver: Market Update

A City on the Rise

Moving to Denver is an exciting experience. We are currently attracting well educated young professionals, retirees, students, and people just looking for a better climate and lifestyle. Denver has a relatively mild climate with many outdoor activities like Skiing and hiking as well as great beer, sports teams and a growing foodie scene.

So it’s no surprise people are taking notice (and probably why you’re reading this now).

Redefining Apartment Living

Over the last few years Downtown Denver has had a total remake including thousands of brand new upscale apartments. Along with rising prices, these communities bring convenience and luxury to living in Denver to a whole new scale. Working with more than 600+ communities, we’ve seen about everything including:

  • Rooftop pools
  • Heated garages
  • On-site personal trainers
  • Maid and pet walkers on call
  • Valet car parking
  • Bike repair shops
  • Dog washes
  • On-site markets

Of course, not every property boasts all these amenities (nor should they). However, this level of service in so many downtown Denver apartments means renters can not only enjoy more upscale options but also the more typical amenities are becoming common place (dishwashers, garages, etc).

Additionally, 2016 will see another 1,000+ apartments added to the market. Many of these properties are going into the suburbs like Littleton, Lakewood, Denver Tech Center, and Aurora — in addition to growing neighborhoods such as Sloans Lake.

The great thing about these apartments is the location. Most of these brand new apartment communities are built on the light rail.  For a map of the light rail system visit RTD here.

Many Denver apartment communities advertise direct access to the light rail but that may not be the case.  Still, with an overall approval rating of 4.2 out of 5 even if you have to make one transfer from bus to light rail these properties will still be a good option.

Apartment Units Up, Vacancies Down

Despite the additional properties coming to Denver, the influx of people is still outpacing construction. Ongoing reports show vacancies (the amount of available rentals) continue to shrink — and available rent specials and good deals shrink right along with it.

Fortunately, Apartment Guyz are experts in researching options for you. Find affordable luxury Denver rentals that best fit your needs based on personality, commute, budget, credit standing, location to public transit, and more.

Contact Apartment GuyZ today at 303-649-0705 or start your search now.

How Do Apartment Finders Work?

Apartment locators do a lot to simplify and de-stress apartment hunting. Much like a qualified Realtor, an experienced apartment locator takes on the hassle of finding the right community and rental, and can do a lot to educate clients on property pros and cons.

Apartment GuyZ combines our years of experience with our comprehensive database to provide you with the latest and most current apartment rental information 24/7. In addition, we have relationships with apartment management staff to clarify polices for special conditions, such as large dogs or accessibility.

So once you have decided to work with us, it really can be a very simple process:

  1. Register for our service.
  2. Speak to your assigned locator who will work with you to find the best properties for your needs.
  3. Review the properties you’d like to visit.
  4. Write us as your referral source on the guest card, lease application, and lease.

 

That’s it! It couldn’t be simpler and — best of all — it’s free.

Apartment GuyZ is Hiring

Are you an experienced sales or real estate agent who thrives on customer service? Apartment GuyZ is the place for you.

Interested? Read and apply for our current opening today.

About Apartment GuyZ
With more than 12 years as a Denver apartment finder service, Apartment GuyZ is the undisputed champion for renters and landlords throughout the Denver metro area. 

Learn more about how we work.

Condo Rental 1 Bed 1.5 Bath Plus Den and Garage

Small upscale building one block from Historic Downtown Littleton and 4 blocks to the light rail.  Currently 100% leased but taking waitlist applications.

First Name
Last Name
Email Address
Phone Number
Where are you moving from?
Moving To ?
Please enter the city in the Denver metro you prefer to move to. If unknown just enter Denver or unsure.
Zip Code Preference
?
If you have some zip codes in mind please enter here.
Best time to reach you?
Please describe the area or type of area you'd like. ?
We can help match you up by area you prefer or personality. (Urban, suburban, social, quiet etc.)
Desired Move-in Date
Absolute max rent:
?
We don't want to waste your time, please give us the absolute maximum you are willing or able to pay. We'll always try to come in cheaper.
Number of Bedrooms
Do you have pets?
If you have pets: What kind & Weight?
Additional Information

Downtown Denver Rentals

Downtown Denver apartment and loft rentals. Apartment GuyZ works with several communities offering 1, 2 and 2- bedroom plus den rentals in upscale communities with parking and washer/dryers.

Nice sized apartments, great amenities, best downtown Denver locations!

Rent vs. Buy in Denver

Is it better to rent or buy in Denver?  The answer is yes and no.

We ran some sample calculations using the NY Times Rent Vs. Buy calculator and plugged in some Denver home owner statistics to find some Denver rent vs. buy statistics to share with you.

Let’s start with 1 bedroom rent vs. buy

Right now, the average price of a 1 bedroom condo is $173,000.  Of course there are cheaper and pricier locations but this is the median price of a 1 bedroom condo in the Denver metro area.  Because condo prices are stagnant I don’t expect there to be a positive or negative change in condo value for the next couple years.  3 years from now when developers start building condos again there will most likely be a drop in value, so let’s just keep the median price at a zero percent change for the next 7-10 years.   For a rental equivalent to a $173,000 condo you’ll expect to pay at least $1200 rent  for a 1 bedroom when you factor in a garage which most condos at $173,000 will have.   Note that you can vary numbers and come up with your own statistics, but I’ve ran the numbers for condos in many price ranges and they are all coming out with a similar result.

You must keep your 1 bedroom condo in Denver for at least 14 years to save money when factoring rent vs. buy.

Some variables you can use are property tax at .5%.  Also use some advanced settings to factor in your HOA dues ($200 or more), cost of buying a home (4%), Cost of selling home if you have to leave before your 7th year (5%), 30 year mortgage,  10% down payment, 2% inflation rate.  I included the 5% cost of selling home because if you have to sell in your 8th year of ownership that is a very important cost  to factor in.  At best for 1 bedroom condo rentals I came up with 6 years, if you get an amazing area in an up and coming neighborhood and the neighborhood does really make it up. rent vs. buy

Now let’s consider 2 bedroom apartment rent vs. buy

The average 2 bedroom condo sale price this year is $250,000.  The lowest active listing I found was $89,000 and they go up into the $500,00-$1,000,000 range in the more upscale locations.  Using similar variables to our 1 bedroom experiment except that we are going to give a 1% variable on the Annual home price change because it’s much easier to sell a two bedroom condo vs. one bedroom condo.  Rent you can expect to pay for a condo that is equivalent to what you would pay $250,000 for is $1700 and may or may not include a garage.  This result is more promising with buying being better after only 5 years.

Finally, let’s consider a three plus plus bedroom rent vs. buy option in the Denver metro area.

The area median home price for the Denver Metro is $290,000 as reported by the Denver Post.  A three bedroom rental is going to cost around $1900 for something that is equivalent to a $290,000 home price.  This experiment is tricky, so it’s best to start researching how big of mortgage you can qualify for, see what you can buy in the area you desire, and then search for rentals.  This is where a real estate expert like Jane Hannen who does both rentals and sales come in handy.  Please contact me for her contact information or use the contact form on this site.  For variables I left the $200 association fee as it’s common and recommended to live in a planned unit development to ensure your neighborhood is well kept.  If you stay in your home for 6 years, buying is better.  There are so many variables with a 3 bedroom rent vs. buy analysis that I  cannot stress the importance of consulting with an experienced real estate agent like Jane.

In conclusion, a one bedroom condo is not a good purchase unless you are a long term investor and there is no possible way you will leave Denver in the next 14 years.  Two bedroom rentals are slightly better investments at only 6 years but this is contingent upon another 4-5 years of no new condo development.  Condo development is at a standstill in Denver and has been for the last 2 years, but pent up demand may be on the horizon in 2-3 years which would drive down the price of existing 2 bedroom condos in the Denver metro area.  Three bedrooms are really better to buy when you have settled down and have no plans to leave the area for 6 years and it’s imperative to seek the advice of an experienced real estate agent.

Want to learn more?

We’ve compiled some handy links to help you do your own rent vs. buy analysis for Denver

http://www.nytimes.com/interactive/business/buy-rent-calculator.html

http://www.bankrate.com/calculators/mortgages/rent-or-buy-home.aspx

This is a good site to tell you not only what you would qualify for, but if it’s a smart decision based on your financial situation to rent vs. buy.

http://www.trulia.com/real_estate/Denver-Colorado/market-trends/

Denver market trends

By Brandon, Owner, Apartment GuyZ

Brandon has been finding Denver rentals for renters in Denver for over 13 years, and have been a licensed Colorado real estate agent for over 15 years. This gives me unique insights that most real estate agents focusing on either rentals or sales will not have.

Denver apartments getting harder to find, except for Apartment Guyz

Denver apartment rentals are getting harder to find, unless you call Apartment Guyz.  All we do is talk to managers and update listings all day.  We also have back lines and email contacts for managers you can’t find online.   With hundreds of listing updates daily, Apartment Guyz will make your Denver rental search easy.

Apartment Guyz serves all of the Denver metro area specializing in all suburbs and neighborhoods that comprise the metro area.  Here are some average rental rates for cities in Denver you may be looking for a rental in:

Downtown Denver Rentals:  1 Bedroom $1200 and up  2 Bedroom $1560 and up

Washington Park Rentals:  1 Bedroom $1195 and up 2 Bedroom $1575 and up

Cherry Creek: 1 Bedroom $1000 and up 2 bedroom $1255 and up

Aurora Rentals:  1 bedrooms $675 and up 2 bedrooms $775 and up

Englewood Rentals:  1 Bedroom $785 and 2 bedroom $895

Littleton Rentals:  Approximately same rental rates as Englewood

Centennial and Greenwood Village:  1 Bedroom $805 and up 2 Bedroom $995 and up  (includes Meridian/Inverness/Centennial Airport)

Other cities served:  Parker, Castle Rock, Northglenn, Thornton, Westminster, Broomfield, Superior, Boulder, Lone Tree.

To sum up, if you need an apartment in the Denver Metro area, Apartment Guyz is the best resource.  Read our reviews on Google, check us out on the BBB website, and then give us a call, you’ll be glad you did.

-Brandon
Owner
Apartment Guyz

Denver Apartment Finder Open Late and Weeekends!

Finding a Denver apartment rental is tough if you work during the day.  As always our online rental database is open 24-7 for self registration but the beauty of our Denver apartment finder service is getting to talk to an experienced representative to help you find an apartment based on your budget and lifestyle.  That is why Apartment Guyz is now open late and on weekends.  Call anytime before 10 PM Monday through Friday.

Tips for finding an apartment at work, after hours, or on weekends:

1.  Use our rental database RentApartments.Info during the day and Live Chat with your personal apartment locator.

2.  Call in the evening before 10 PM.  Apartment Guyz will ask you the right questions and do the research during the day at work.

3.  Review listings, and when you find a listing you like use the Request Quote feature

4.  Set appointments for rental tours on Friday if you plan to tour on Saturday and Sunday.  Leasing agents get very busy on the weekends so have your Apartment Guy set and confirm the appointments for you.

Rare Cap Hill Penthouse!

Just listed, a rare 1 bedroom penthouse in Cap Hill.  Views of city, mountains, the Capital, and an enormous rooftop patio all to yourself.   Available April 2012, this won’t last.

Listed at $1325!  Check back soon for pictures of this upgraded penthouse rental in Cap Hill Denver or call today!

Rental Details:  Credit a little flexible with good job.  Renter must have no criminal background.  Garage parking available.  Pets negotiable.

Investing in rentals in Denver? Read this.

Having Property in Denver

In Colorado, Denver is a highly preferred living location. It is also viewed as a good option for real estate property investment. Owning rental properties can be a challenge since it demands lot of time, money, and energy in maintenance. And when you are spending so much you deserve high return on investment. You can get this with good renters. Here, Apartment Guyz can help property owners find good renters in Denver. Being highly experienced in the real estate industry and a BBB A+ rated agency, Apartment Guyz aids in increasing the value of your property.

Market Value of Property

In order to get high market value, you need to invest in a property located in well-developed areas. Good location and nicely developed areas will get you good and potential renters. Lesser developed areas charge lower rent amounts since they provide fewer facilities to the renters. You need to check the rent prices of nearby apartment and properties to get an idea of ongoing rent rates in the area. Apartment Guyz can help you with this search and rate inquiries. We can guide you to properties that can earn better return on investment from the market.

Be Aware About Cost and Return

When investing in any property, one more thing to look for is renovation. If you end up investing in a property that has lot of repair expenses then it can diminish your desired profits. At Apartment Guyz, we can help you find properties that are well maintained where you don’t have to spend on renovations or repairs.

Utilization of Property

When you invest in a property you need to be sure of “why”. Are you buying it to self-occupy it or do you want to lease it out. If you want to lease it then you need to do it ASAP to start your return on investment. Leaving the property vacant for longer time will only hurt your investment. Apartment Guyz can help you lease out your property quickly with less hassles.

Screen Potential Tenants

If you are planning to look for tenants on your own then do keep in mind that you have to screen them as well. But at Apartment Guyz we take care of this headache. We screen potential tenants for their credit history, rental history, criminal history, their workplace, number of adults that would occupy the property, etc. We make sure that you do not end up having tenants that have evictions or felonies against their names.

Housing Rules

Each city and housing community has its own set of housing rules. When you lease out your property you need to communicate these to the tenant. Not doing so can hurt your property lease. We at Apartment Guyz maintain all the required information on housing rules. We keep ourselves updated with housing rules of different housing communities. So if you get your property listed with us, we can find you renters who are suitable for these rules and who agree. This makes leasing easy and transparent for you and the tenant.

For help and a free landlord consultation please call Apartment Guyz today or contact us.

Littleton Apartment Rates Soar

An influx of young professionals to the Denver Metro area and lack of construction has caused rental rates to soar, especially in Littleton.

If you consider that we are finally getting back to rental rates seen 10 years ago at the start of the recession it looks like a good indicator that the economy is rebounding.

For renters that got used to paying unusually low rental rates it feels like the market is worsening.

Apartment Guyz has gotten hundreds of calls from renters whose rent is being raised $150-$400 monthly. That’s a significant increase and usually forces a move.

There are still rental deals available, and that’s where Apartment Guyz’s expertise comes in. If you are new to the Denver metro area and looking to move to a suburb like Littleton, Englewood, or Centennial, give us a ring. You’ll be glad you did.

South Denver apartment rental – Pet Free!

Denver apartment rental from Apartment Guyz:

South Denver gorgeous 1 bed first floor available now.  Full size W/D hookups.  This is a rare community because it is and always has been totally pet free.  If you want a pet free apartment rental in Denver this is one of two communities out of 380 of our active listings.

For rental information call 303-649-0705 and reference property number  2800

 

 

Apartments in Southeast Denver, 2 Bedrooms from $840, today only!!!!

I always tell renters, someone has a deal.  Today that deal is in Southeast Denver.  5 minutes to Cherry Creek, 10 minutes to DTC, 10 minutes to Lowry, 15 minutes from downtown.   This 2 bed 2 bath rental has washer dryer hookups and the community offers a pool, hot tub, gym, and clubhouse.  Detached garages available for rent as well.  Pets welcome, call for details.

Remember, this is today only, tomorrow there will be another deal!  303-649-0705