When you’re a landlord, one of your responsibilities is to know the regulations for each piece of property you own, and they can vary from one property to another. For instance, the rules for a multifamily property such as an apartment complex are a little different from the rules for a single rental dwelling unit in Denver, CO, but none of them are difficult to learn.
Minimum Safety Standard Deadlines
In Denver, minimum standards are being set for all types of properties, with future deadlines already established. By January 2024, the minimum standards set for a single rental dwelling unit in Denver CO, will be required of all landlords. This means it’s a good idea to learn what those standards are now so you can go ahead and start making sure all of your units adhere to them. Single units are inspected differently than multifamily units, and they are also a little easier to maintain. For these reasons and others, more and more landlords are choosing to own single-family units rather than multifamily ones.
Learning How to Make the Right Decision
When you want to be a landlord, you have a lot of choices because you can own one unit or several of them. Whether you choose a multifamily unit or a single rental dwelling unit in Denver, CO, keep in mind that upcoming deadlines regarding the minimum upkeep standards for these facilities need to be familiar to you. The standards are there for good reasons, and safety is the number one reason.