By-the-Room Property Management in Denver

[Bob Foglia]

I'm looking for a property manager for a fully furnished SFR I'm converting to a medium (e.g. traveling nurses) or long (e.g. grad students) term, by-the-room rental. Does anyone's business model offer that or know of any management companies in Denver that do?

Thanks all! 

[Ben Rhodin]

Hey @Bob Foglia! I have a few connections with rent by the room PMC but I will say most of them aren't that great. Rent by the room isn't covered by a lot of companies due to the additional headache and tenant relations problem with them. But I do have one company that specializes in it, but they of course charge a higher fee. I would ask what is your reasoning behind wanting a PMC company. and are you stuck on the RBTR style? Depending on the property and the location, you may do just fine with a traditional MTR, and could put the systems and resources in place to manage it by yourself. I have plenty of out-of-state investors that we have assisted in getting this set up, and they average 2 hours a week on a bad week in terms of management. and this way you can save yourself the 15%+ fee for a PM, and you know that the property is managed properly.