Have Denver rents really dropped 7.5% since last year? Brandon Scholten, who manages 1,100 rental units across Denver, reveals why this dramatic shift is happening and which properties are being hit hardest in today’s changing market.
Making the data even more compelling: While Denver sees significant declines, Colorado Springs rents remain flat year-over-year, pointing to unique market dynamics in each city. Two-bedroom, one-bathroom units are performing worse than ever before, while Class A apartments offer multiple months of free rent to attract tenants. This ripple effect is impacting smaller landlords and creating new challenges for property owners.
Host Chris Lopez leads a dynamic discussion with Denver’s top real estate experts, including Brandon Scholten, who manages over 1,100 rental units with Keyrenter. Joining them is Troy Howell, residential lender from Nova Home Loans who breaks down current rate trends, along with House Hacking Expert Jeff White, who shares strategies from his latest successful deals. Together, they analyze market shifts and provide practical solutions for investors.
Learn valuable insights about:
- The exact property types seeing the steepest rent declines and why
- How to adjust your rental strategy during slow seasons with proven techniques
- Why Colorado Springs is outperforming Denver right now and what it means for investors
- A real-world case study of an Arvada duplex purchase showing how to find deals in any market
- Steps to protect your portfolio from rent decreases
- Understanding how new Class A apartment construction affects existing rental properties
- Strategies for competing with large apartment complexes offering significant concessions
- How changing interest rates impact investment opportunities
For Denver real estate investors watching rents decline, this episode provides the market clarity and actionable strategies you need to protect your portfolio and find new opportunities. Whether you’re a seasoned investor or just starting out, you’ll gain practical insights to help navigate Denver’s evolving rental market.
Timestamps
(01:57) Market Overview and Rental Trends
(14:01) Mortgage Rates and Market Predictions
(24:26) Successful Duplex House Hack Deal
Links from Podcast
Keyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Connect with our Guests:
Email Brandon Scholten: [email protected]
Email Troy Howell: [email protected]
- LinkedIn: Troy Howell
Email Jeff White: [email protected]
- LinkedIn: Jeff White
Email Jenny Bayless: [email protected]
- Denver October 2024 Real Estate Market Updates
- Colorado Springs & Pueblo October 2024 Real Estate Market Updates
Who is Keyrenter Property Management Denver?
Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?
For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
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