Average rent was $1,981. 180205 (Cole, Whittier neighborhoods) - Rents increased 38.50% from 2011 to 2020, going from 13,499 renters in 2011 to 18,691 renters in 2020. 280247 (Windsor neighborhood) - Rents increased 31.80% from 2011 to 2020, going from 15,551 renters in 2011 to 20,493 renters in 2020. 280222 (Denver, Cherry Hills Village) - Rents increased 47% from 2011 to 2020, going from 8,446 renters in 2011 to 12,416 renters in 2020. 280202 (Downtown, Union Station area) - Rents increased 81.30% from 2011 to 2020, the fastest growing among the zip codes mentioned, going from 6,185 renters in 2011 to 11,214 renters in 2020. 280206 (Cherry Creek, Cheesman Park, Congress Park) - Rents increased 1.4% year-over-year as of 2019, with average rent of $2,454, the most expensive in Denver. 1For the Denver metro area overall, rents increased 0.2% from January to February 2024, a similar growth rate compared to the same period in 2023.

Good to think about if you are trying to compare occupancy rates with broad data.  

Thank you - all of them want a monthly fee that is very high.

The best option for you depends on a number of factors including your exit strategy, any liability concerns and preferred tax treatment.Type of EntityTax TreatmentMain AdvantagesC-CorporationDouble TaxationCorporate tax rates are lowerS-CorporationPass-throughSelf-employment tax savingsLimited Liability Company (LLC)Pass-throughLiability protection and flexibilityFuture Outlook and Recent Tax Law ChangesMost recent tax changes applicable to real estate investors include:The increase in the estate tax exemption to $13.61 million per individual for 2024.

What percentage of my rent would you charge or is there a flat fee for each cleaning?

I am getting a fixed rate mortgage at 6.5% with a point.

Russell, would that also be called an "expanded rate?" 

I would advise you to possibly consider a different PM due to the glaring issues Evolve has...lots of work for the homeowner, property revenue continuing to drop as time goes on, low rating reviews for most areas, and besides marketing for new clients, their marketing on properties is no good.

Cap rate (NOI/Price) isn't a meaningful metric for you here: You instead want cash-on-cash return (Cash_Flow/All-In_Investment), which tells you the rate of cash returned on your invested cash.

This way, you will eliminate the custodian completely with its fees, red tape, etc.