Colorado Property Management: Top 5 Options

The Colorado real estate market has always been one of the best places to invest in a rental property. With markets like Denver, Colorado Springs, and Fort Collins, there are plenty of opportunities to earn income with both short-term and long-term rentals, while benefiting from strong long-run appreciation. However, Colorado home values are above the national averages, so investors have to carefully choose the optimal property management strategy to be profitable.

Let Awning find the best property manager for your rental property. Simply fill out the form and Awning will find a property manager that provides the best rates and services for your property.

The 5 best property management companies in Colorado are:

• HomeRiver Group: Best Overall Property Management Company in Colorado
• Whole Property Management: Best for Different Property Types
• Alliance Property Management: Best for Different Service Packages
• Bergan & Company: Best for Flexible Pricing Options
• Pioneer Property Management: Best for Landlord Protection

Meanwhile, you can find the top property management firms in Colorado Springs here.

How We Selected the Best Property Management Companies in Colorado

When ranking the top property managers in a location, one should take into consideration multiple factors to be comprehensive and objective.

In our selection of the 5 best property management companies in the State of Colorado, we focused on:

• Property management services: We chose companies that offer full-service property management so that Colorado investors can make passive income through their rental properties.
• Property management fees: We made sure that ranked companies implement straightforward pricing models, with competitive rates and no hidden fees.
• Market coverage: We selected property managers that work in different parts of the Colorado market.
• Property type coverage: We looked for firms that work with different types of residential properties rented out on a short-term and long-term basis to cover the needs of all investors.
• Company size and locations: We ranked both small, local property managers and large, nationwide companies as each property management style offers different advantages and disadvantages.
• Use of technology and human efforts: We gave preference to companies that make use of the latest technologies to optimize processes, without forgetting about the importance of human interventions in the rental business.
• Online reviews on reputable websites: We checked the overall ratings of short-listed property management companies on trustworthy third-party websites and also read through individual reviews by property owners and tenants.
• Value for money: Ultimately, we selected the 5 property managers that offer the best value for money in Colorado.

HomeRiver Group: Best Overall Property Management Company in Colorado

HomeRiver Group is the largest, third-party, long-term rental property management company in the US market, with a strong presence in Colorado. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert founded the company in 2016, with headquarters in New York, NY. HomeRiver Group manages over 40,000 rental properties and more than 32,000 homes within HOA communities in 31 US states. They have achieved this market and property coverage by acquiring the best property managers in each location and turning them into partners. HomeRiver Group is the top property management company in Colorado for long-term rentals as it provides full service at competitive pricing.

HomeRiver Group Property Management Services

The comprehensive property management services delivered by the Colorado office of HomeRiver Group include:

• Expert rental analysis
• Property marketing including HD photos, virtual 3D tours, detailed floor plans, and digital online advertising
• Thorough tenant applicant screening including background check, credit history, income check, and verifiable references
• Resident communication
• Lease enforcement
• Rent collection
• Owner payout disbursement
• Accounting
• Monthly reporting
• Rental property inspections
• 24/7 tenant repair hotline
• Maintenance and repairs through a vast network of licensed contractors
• Vendor management and invoicing
• Full-service eviction assistance

HomeRiver Group Property Management Locations

The Colorado office of HomeRiver Group covers the following areas:

• Canon City
• Castle Rock
• Colorado Springs
• Fountain
• Manitou Springs
• Monument
• Peyton
• Security
• Widefield
• Woodland Park

HomeRiver Group Property Types

In Colorado, HomeRiver Group manages single-family homes, townhouses, condos, and apartments.

HomeRiver Group Property Management Costs

The Colorado branch of HomeRiver Group does not specify the pricing of the management services provided in the local market. In other locations, the company charges a mix of flat fees and percentage of rental income, in line with local trends. Property management fees are always competitive, starting at 4% of rental income.

In general, Colorado property owners can expect to have to pay a leasing fee, a monthly management fee, a lease renewal fee, and routine property inspection fees.

HomeRiver Group Property Management Terms

HomeRiver Group Colorado does not offer a copy of the local management agreement. The company usually works with an initial contract of 6 or 12 months, after the end of which investors can choose a monthly agreement too.

HomeRiver Group Property Management Reviews

More than 600 Colorado rental property owners and tenants have reviewed the work of the local HomeRiver Group branch. Their reviews show above-average ratings.

You can find HomeRiver Group reviews specific to the Colorado office on:

• Birdeye: Currently 3.5/5 stars based on 211 reviews
• Google: Currently 3.5/5 stars based on 200 reviews

Positive reviews highlight the smooth processes, the great relationships with residents, the positive attitudes, the professional, expert staff members, the responsiveness, the always present customer support, and the effective communication. Negative reviews discuss withholding of security deposit, sluggish procedures, bad knowledge of the local market, and absence of communication.

How to Get Started with HomeRiver Group Property Management

To get started with the best overall property management company in Colorado real estate investors can submit an online form via HomeRiver Group or call 415-610-7867.

Whole Property Management: Best for Different Property Types

Whole Property Management is a local, full-service property management company working with single-family and multifamily rental homes across the Greater Denver Area. Tyler Howell founded the company in 2012, with headquarters in Denver, CO. The team works towards building partnerships with property owners in addition to providing quality services that allow investors to earn 4%-10% more on their bottom line. Whole Property Management is the best property management company in Colorado for different property types as the fees are adjusted based on the kind and size of the rental property.

Whole Property Management Services

Whole Property Management delivers comprehensive services that include:

• Property marketing using HD photography and specialized listing platforms
• Tenant screening, as a result of which the company has never had to evict a resident
• In-depth move-in and move-out property inspections
• Rent collection
• Owner earnings deposit
• Annual in-property inspections including detailed reports with photos
• Vetting tenant maintenance requests
• Routine seasonal maintenance
• Coordinating emergency maintenance and repairs
• Accounting
• Detailed financial reporting
• Filing and covering the cost of annual 1099-MISC

In addition to these services, Whole Property Management offers a few important guarantees to Colorado landlords, including:

• 100% Satisfaction Guarantee: Property owners can cancel the property management agreement at any time, with no fees, and Whole Property Management will coordinate the transfer to another property manager.
• Tenant Warranty: The company will replace a tenant quickly and for free in case a resident terminates the lease early or gets evicted.
• Maintenance Warranty: The property manager will fix any repair, maintenance, or other work that is not up to par for free.
• Lowest Fees Guarantee: The firm offers the lowest full-service property management fee in the Denver area, and if property owners find a lower fee, the company will match it.
• $5,000 Rent Income Guarantee: Whole Property Management will reimburse up to $5,000 in lost rent in case a tenant placed by them fails to pay on time, while they work on a resolution plan with the resident.
• $5,000 Property Damage Guarantee: The company will cover up to $5,000 in damage beyond normal wear and tear above the security deposit amount for tenants placed by them.
• $5,000 Eviction Protection Guarantee: Whole Property Management will cover up to $5,000 in court costs and legal fees in case of having to evict a resident placed by them.

Whole Property Management Locations

Whole Property Management operates in the following Colorado cities:

• Arvada
• Cherry Creek
• Denver
• Highlands
• Lakewood
• Littleton
• Stapleton
• Thornton
• Westminster
• Wheat Ridge

Whole Property Management Property Types

Whole Property Management works with single-family homes and apartment units.

Whole Property Management Costs

Whole Property Management offers three different service plans, depending on the property type. The available plans include:

Core: This plan is best for multifamily properties.

• Leasing fee: 100% of one month’s rent
• Monthly management fee: $99
• Lease renewal fee: $399

Plus: This plan fits the needs of both single-family and multifamily homes. It covers everything in Core plus access to the $5,000 Eviction Protection and the $5,000 Property Damage Protection.

• Leasing fee: 50% of one month’s rent
• Monthly management fee: $159
• Lease renewal fee: $299

Whole 9 Yards: This plan is best for single-family homes. It covers everything in Plus in addition to the $5,000 Rental Income Protection.

• Leasing fee: 25% of one month’s rent
• Monthly management fee: $219
• Lease renewal fee: $199

Furthemore, the owners of multifamily properties with 6+ units benefit from discounted fees, starting as low as 6.5% of monthly rent.

The pricing model customized for different property types makes Whole Property Management the best Colorado property manager for the owners of diversified portfolios.

Whole Property Management Terms

Under the 100% Satisfaction Guarantee, landlords are free to cancel the management contract at any point, without having to pay any penalty fees. Moreover, Whole Property Management will help with the transfer to the new property manager.

Whole Property Management Reviews

There are over 100 online reviews of Whole Property Management that reveal generally positive experiences.

You can find Whole Property Management reviews on:

• Google: Currently 4.4/5 stars based on 108 reviews
• Yelp: Currently 3.7/5 based on 33 reviews

Happy property owners and tenants highlight the smooth experiences, the painless processes, the professionalism, the integrity, the personalized handling of each unique situation, the timely fixing of all arising issues, the fantastic and amazing team members, and the great communication. Unhappy customers complain about multiple property problems, poor processes, not caring about customer needs, slow fixing of issues, rude staff, and lack of communication.

How to Get Started with Whole Property Management

To get started with the best property management company in Colorado for different property types, real estate investors can submit an online form via the Whole Property Management website or call 720-737-1373.

Alliance Property Management, Inc: Best for Different Service Packages

Alliance Property Management, Inc is a local, full-service property management company focusing on single-family homes throughout El Paso County and the Colorado Springs metro area. Melissa Griffith established the company, with headquarters in Colorado Springs, CO. The team aims to provide complete satisfaction and peace of mind to both property owners and tenants through professional services. Alliance Property Management, Inc is the top property management company in Colorado for owners who would like to be able to choose between different services.

Alliance Property Management, Inc Services

Alliance Property Management covers the following services:

• Optimized rental value
• Web-based marketing on 50+ rental websites
• Multiple property showing options
• Consistent, multi-step tenant screening including income verification, credit history, rental references, eviction record, and criminal background check
• Rent collection
• Owner funds disbursement via EFT
• Periodic inspections with documentation through reports, photos, and videos
• Coordinating maintenance and repairs via an established list of independent contractors, at competitive pricing
• Accounting via Buildium
• Detailed financial reporting

With Alliance Property Management, interested property owners get access to the SureVestor landlord insurance that covers:

• Tenant malicious damage: Up to $35,000
• Theft or damage to the building and its contents: Up to $15,000
• Damage from support animals: Up to $1,000
• Eviction fees and costs: Up to $5,000
• Loss due to digital lock boxes: Up to $5,000
• Sheriff, Marshall, or Constable fees: Up to $600
• Rekeying of locks: Up to $500
• Rent loss due to tenant skip: Up to 8 weeks
• Rent loss due to tenant delinquency: Up to 10 or 12 weeks
• Rent loss due to tenant death: Up to 12 weeks
• Rent loss due to tenant murder or suicide: Up to 25 weeks
• Rent loss due to untenable: Up to 8 weeks
• Rent loss due to victims of crime: Up to 4 weeks

Alliance Property Management, Inc Locations

Alliance Property Management works with rental properties in:

• Colorado Springs
• Falcon
• Fountain
• Manitou Springs
• Monument
• Palmer Lake
• Peyton
• Security
• Widefield

Alliance Property Management, Inc Property Types

While Alliance Property Management focuses on single-family homes, they also manage some townhomes, condos, duplexes, triplexes, and fourplexes rented out on a 12-month basis. 

Alliance Property Management, Inc Costs

Landlords can choose from three different service packages, depending on the type of management they would have to access. The plans include:

Tenant Placement for DIY Landlords: This plan covers everything needed to rent out a property.

• Leasing fee: One month’s rent

Full Property Management: This plan covers everything in Tenant Placement plus all basic services needed to operate a long-term rental business.

• Leasing fee: $500
• Monthly management fee: 10% of monthly rent
• Lease renewal fee: $250
• Set-up fee: $100 for vacant homes; $300 for tenant-occupied homes
• Preventive and routine maintenance coordination: 10% markup on invoices above $1,000
• SureVestor insurance: Additional fee
• Eviction filing and oversight: $150
• Eviction court appearances: Hourly fee

Premium Property Management with Landlord Protections: This plan covers everything in Full Property Management plus access to the SureVestor insurance at a discounted rate.

• Monthly management fee: 10% of monthly rent
• SureVestor insurance: $50/month

The opportunity for investors to select from different property management plans makes Alliance Property Management the best property manager in Colorado for different service packages.

Alliance Property Management, Inc Terms

Alliance Property Management does not specify the terms of the management agreement that Colorado real estate investors need to sign. Thus, interested landlords should get in touch with the company and ask for a copy to review before making a decision.

Alliance Property Management, Inc Reviews

Nearly 400 real estate investors and renters have reviewed the work of Alliance Property Management, Inc. Their reviews result in excellent overall ratings.

You can find Alliance Property Management, Inc reviews on:

• Google: Currently 4.7/5 stars based on 208 reviews
• ChamberofCommerce.org: Currently 4.6/5 stars based on 179 reviews
• Yelp: Currently 4.5/5 stars based on 8 reviews

Positive reviews focus on the top-notch rental properties, the easy processes, the fast addressing of problems, the great staff, the professional team, and the efficient communication. Negative reviews mention unethical practices, frauds with security deposits, inability of team members to help, and the of proper customer support.

How to Get Started with Alliance Property Management, Inc

To get started with the best property management company in Colorado for different services packages, landlords can fill in an online form on the Alliance Property Management, Inc website or call 719-355-8688.

Bergan & Company: Best for Flexible Pricing Options

Bergan & Company is a local, family-owned, full-service property management company focusing on single-family homes throughout the Greater Denver Metro area. Cody Bergan started the company in 1961, with headquarters in Centennial, CO. This makes Bergan & Company one of the oldest property managers in the Colorado rental market. The team offers personalized service, local market expertise, flexibility in decision-making, hands-on approach, and good relationships with tenants to distinguish itself from other firms in the market. Bergan & Company is the best Colorado property management company for flexible pricing options as one of the few firms that allows investors to choose between flat fees and percentage of monthly rent.

Bergan & Company Property Management Services

Bergan & Company offers full-service property management that covers:

• Make-ready assistance
• Denver County licensing process
• Expert rental analysis
• Property marketing including professional photos
• On-demand property tours
• Premier tenant screening including national eviction history, criminal background check, credit history, rental history check, employment verification, income verification, and bankruptcy search
• Pet screening
• Lease preparation and execution
• Move-in documentation
• Move-in coordination
• Utility transfer
• Rent collection
• Owner earnings payment via EFT
• On-demand property inspections
• 24/7 resident maintenance and emergency service
• Maintenance coordination
• Detailed financial reporting
• Owner statements
• Year-end 1099s
• Eviction services

Meanwhile, Bergan & Company provides the following guarantees and protections to investor in the Colorado market:

• $1,000 Eviction Reimbursement: The property manager will reimburse up to $1,000 if a tenant is physically evicted from a rental unit.
• Tenant Placement: The company will re-lease a property for free if a tenant does not complete the first 12 months of lease.
• Lease Fee Charges: Property owners do not pay a lease fee until the company collects rent, security deposit, and renters insurance.
• Termination Fee: Investors can cancel the management agreement with a 30-day notice at any time, with no termination fees.
• Maintenance: Bergan & Company will fix repairs that owners are not happy with.
• Legal Compliance: The firm is keeping an eye on the constantly changing legislative environment in Colorado to ensure that they are in full compliance with relevant laws at all times.

Bergan & Company Property Management Locations

Bergan & Company provides property management services in the following markets in the Greater Denver Metro area:

• Arvada
• Aurora
• Centennial
• Denver Tech Center (DTC)
• Englewood
• Englewood Village
• Highlands Ranch
• Ken Caryl
• Lakewood
• Littleton
• Lone Tree
• Parker
• Stonegate
• Thornton

Bergan & Company Property Types

Bergan & Company manages single-family homes, townhomes, condos, apartments, and multifamily properties.

Bergan & Company Property Management Costs

Bergan & Company offers three different management plans, including both flat fees and percentage of monthly rent. The possible service packages are:

Leasing Only: This plan covers everything required to place a quality tenant.

• Leasing fee: One month’s rent

Flat Fee Full Management: This plan covers everything in Leasing Only plus all services need to manage a rental property.

• Leasing fee: One month’s rent
• Monthly management fee: $250
• Lease renewal fee: $350

Percentage Full Management: This plan covers the same as Flat Fee Full Management but is priced differently.

• Leasing fee: 50% of one month’s rent
• Monthly management fee: 10% of monthly rent
• Lease renewal fee: $350

Not many property management firms allow real estate investors to choose between flat fees and percentage of rental income. That’s what makes Bergan & Company the best property manager for flexible pricing options in the Colorado market.

Bergan & Company Property Management Terms

Under the Termination Fee Guarantee, property owners can cancel their property management contract at any point, with a 30-day notice, with no penalty fees.

Bergan & Company Property Management Reviews

More than 200 property owners and tenants have written online reviews of Bergan & Company on third-party websites. Their reviews reveal generally positive experiences.

You can find Bergan & Company reviews on:

• Google: Currently 4.1/5 stars based on 248 reviews
• Yelp: Currently 1.4/5 stars based on 21 reviews
• BBB.org: Currently 1.0/5 stars based on 5 reviews

Satisfied landlords and tenants praise the great experiences, the reliable, top-notch services, the attention to detail, the incredible responsiveness, the good maintenance work, the low vacancies, the prompt addressing of all concerns, the friendly and professional team members that always go above and beyond, and the exceptional customer service. Dissatisfied customers complain about disappointing experiences, sluggish implementation of maintenance work, undue charges, and absence of any communication.

How to Get Started with Bergan & Company Property Management

To get started with the best property management company in Colorado for flexible pricing options, rental property owners can submit an online form via the Bergan & Company website or call 303-694-5116.

Pioneer Property Management: Best for Landlord Protection

Pioneer Property Management is a local, full-service property management company working with long-term rentals in the Colorado market. Richard Sturtevant launched the company in 2009, with headquarters in Lakewood, CO. The team focuses on a proactive - rather than reactive - approach that grants property owners true peace of mind and puts passive back into passive income. Pioneer Property Management is the top Colorado property management company for landlord protection because of offering more guarantees than a typical property manager.

Pioneer Property Management Services

Pioneer Property Management provides comprehensive services in Colorado, including:

• Thorough property evaluations to recommend how to maximize income
• Robust property marketing with professional photography and video and syndication on dozens of top rental websites
• Property showings with agents
• Multi-faceted tenant screening including financial history, credit scores, liens, judgments, bankruptcies, garnishments, criminal history, pets, income verification, and rental history, resulting in zero evictions to date
• Lease negotiation, drafting, and execution in conjunction with an attorney
• Tenant relations and communication
• Rent collection
• Owner funds disbursement
• Property inspections
• Preventive and corrective maintenance via a trusted network of vetted, reliable, and insured vendors
• Accounting
• Financial reporting
• Owner statements

In addition to full-service property management, the company also provides more landlord protections and guarantees than other Colorado property managers, including:

• Maintenance Done Right Guarantee: The company will fix maintenance work that is not done right the first time at no additional cost.
• Zero Evictions Guarantee: Pioneer Property Management will cover up to $1,500 in court costs and find a new tenant for free in case a resident placed by them gets evicted.
• Per Damage Protection Guarantee: The property manager will cover up to $1,000 in pet damage above the security deposit amount.
• Tenant Retention Guarantee: The firm will re-lease the property for free if a tenant does not complete the full lease term.
• Results First Guarantee: Property owners do not pay Pioneer Property Management until they themselves get paid.
• Customer Service Guarantee: Landlords can cancel the management agreement at any time, with no penalty or termination fee.

These multiple protections make Pioneer Property Management the best property management company for landlord guarantees in Colorado.

Pioneer Property Management Locations

Pioneer Property Management covers the following markets:

• Arvada
• Aurora
• Brighton
• Broomfield
• Colorado Springs
• Denver: Applewood, BallPark, Belmar, Berkeley, Capitol Hill, Central Park, Cheesman Park, Cherry Creek, City Park, Congress Park, Curtis Park, DTC, Five Points, Globeville, Highlands, Ken Caryl, Lincoln Park, LoDo, LoHi, Lowry, Montclair, Park Hill, Rino, Stapleton, Sunnyside, University Hills, and Wash Park
• Edgewater
• Englewood
• Erie
• Federal Heights
• Glendale
• Golden
• Lafayette
• Lakewood
• Littleton
• Longmont
• Louisville
• Morrison
• Mountain View
• Northglenn
• Superior
• Thornton
• Westminster
• Wheat Ridge

Pioneer Property Management also works in the following counties:

• Adams County
• Arapahoe County
• Douglas County
• Jefferson County
• Weld County

Pioneer Property Management Property Types

Pioneer Property Management takes care of single-family homes, condos, and apartment units rented out on a long-term basis.

Pioneer Property Management Costs

Landlords can choose between leasing only and full-service management services. The two plans include:

Tenant Placement Only: This plan covers everything needed to get a property occupied.

• Leasing fee: One month’s rent for a minimum of $1,595
• Turnover inspection: $200

Full Service Property Management: This plan covers everything in Tenant Placement Only plus the daily tasks associated with managing a rental property.

• Leasing fee: 50% of one month’s rent for a minimum of $850
• Monthly management fee: 9% of monthly rent for a minimum of $175
• Onboarding cost: $200
• Turnover inspection: $200

Pioneer Property Management Terms

Under the Customer Service Guarantee, real estate investors are free to cancel the property management contract at any point, without paying any fees.

Pioneer Property Management Reviews

Over 500 investors and renters have written online reviews of the services provided by Pioneer Property Management. Their reviews reveal very good overall ratings.

You can find Pioneer Property Management reviews on:

• Birdeye: Currently 4.8/5 stars based on 246 reviews
• Google: Currently 4.9/5 stars based on 201 reviews
• ChamberofCommerce.com: Currently 5.0/5 stars based on 53 reviews
• Yelp: Currently 4.3/5 stars based on 39 reviews

Happy property owners and tenants emphasize the professional, efficient, and detail-oriented services, the fast and easy processes, the detailed information, the prompt addressing of all concerns and issues, the trustworthiness, the awesome, quick, and helpful team, and the excellent responsiveness and communication. Unhappy customers write about terrible experiences, unethical practices, high fees, and lack of communication.

How to Get Started with Pioneer Property Management

To get started with the best property management company in Colorado for landlord protection, rental property investors can fill in an online form on the Pioneer Property Management website or call 720-839-7248.

Takeaway

Colorado remains a great place to invest in a rental property, and hiring a professional property manager can be a good way to enhance your bottom line. These are the 6 best property management companies in the State of Colorado, for remote and passive investors. HomeRiver Group and Awning are the best property managers for long-term and short-term rentals, respectively. Investors with diverse portfolios can look into Whole Property Management, while those who value protection and guarantees should check out Pioneer Property Management. Property owners who would like to be able to choose from different services and pricing structures could consider Alliance Property Management or Bergan & Company.