Colorado Springs, CO Property Management: Top 5 Options

Colorado Springs has established and solidified its position as one of the best locations for investing in real estate properties across the US market. The young population, the strong economy, the nearby mountains, and the natural mineral springs make both long-term and short-term rental properties a profitable investment strategy. As a result, the city enjoys strong investment activities.

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 best property management companies in Colorado Springs are:

• HomeRiver Group: Best Overall Property Management Company in Colorado Springs
• Colorado Realty & Property Management, Inc.: Best for Different Property Types
• Dorman Real Estate Management: Best for Flexible Options
• Alliance Property Management, Inc.: Best for Landlord Protection
• The Colorado Springs Group: Best for Guarantees

How We Selected the Best Property Management Companies in Colorado Springs

When choosing the best property managers in any market, it’s important to use many different criteria to guarantee comprehensiveness and objectivity.

Our selection of the top Colorado Springs property management companies relies on the following factors:

• Property management services: We looked for companies that cover all services needed to provide investors with passive real estate income.
• Flexibility: We focused on property managers with both lease only and full-service options to meet the needs of all types of landlords.
• Property types covered: We searched for companies that manage different kinds of residential properties, rented out both short-term and long-term.
• Markets covered: We included property management companies that operate in all neighborhoods and areas of the Colorado Springs market.
• Local market expertise: We selected companies with a strong presence in the Colorado Springs real estate market, whether by being a local property manager or having a well-established local office.
• Company size and location: We chose both small, local and large, national property management companies as both come with their own pros and cons.
• Management agreement terms and conditions: We reviewed the property management contracts to make sure that the rights of investors are protected and they can cancel as soon as they are not happy with the quality of services.
• Technology: We checked if companies take advantage of available technologies to maximize results for investors, while retaining the human touch and interaction.
• Property management cost: We ranked companies that have clear, transparent fees corresponding to the services that they provide.
• Online reviews on third-party websites: We checked out the experiences of both property owners and tenants to ensure that the selected property management companies deliver on the services that they promise.
• Value for money: We found the 6 rental management companies that provide the highest value for money in the Colorado Springs market.

HomeRiver Group: Best Overall Property Management Company in Colorado Springs

HomeRiver Group is the biggest third-party long-term rental property management company in the US market, covering numerous cities in 32 states. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert established the company in 2016, with headquarters in New York, NY. HomeRiver Group has grown to its current size through the acquisition of local property managers and turning them into partners. At the moment, they manage over 40,000 rental properties and 32,000 homes within HOA communities. The combination of comprehensive services and affordable fees makes HomeRiver the best overall property management company in the Colorado Springs market.

HomeRiver Group Property Management Services

The full-service property management provided by the Colorado Springs office of HomeRiver Group includes:

• Rental analysis
• 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
• 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

HomeRiver Group covers the following areas in the Colorado Springs real estate market:

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

HomeRiver Group Property Types

The HomeRiver Group Colorado Springs office manages:

• Single-family homes
• Townhouses
• Condos
• Homes within HOA communities

HomeRiver Group Property Management Costs

HomeRiver Group does not specify the property management fees that they charge in the Colorado Springs rental market. In general, their pricing structure is a mix of flat fees and percentages of rental income to accommodate the standards of the local market. Additional costs that property owners can expect include a leasing fee and a lease renewal fee that all the best property management companies in Colorado Springs charge.

HomeRiver Group Property Management Terms

The HomeRiver Group Colorado Springs website does not provide a property management contract. Thus, investors should get in touch with the office and ask for a copy that they can review before hiring this property manager.

HomeRiver Group Property Management Reviews

600+ property owners and tenants have written online reviews of the Colorado Springs HomeRiver Group property management services. These have very good average rankings.

You can find HomeRiver Group reviews on:

• Birdeye: Currently 3.5/5 stars based on 208 reviews
• ChamberofCommerce.org: Currently 3.5/5 stars based on 206 reviews
• Google: Currently 3.5/5 stars based on 200 reviews

Happy investors and renters praise the smooth processes, the excellent relationships with tenants, the positive attitude, the professionalism and local expertise, the responsive team, the efficient communication, and the always available customer support. Unhappy customers mention erroneous withholding of security deposits, the slow procedures, the poor knowledge of available rentals, and the lack of communication.

How to Get Started with HomeRiver Group Property Management

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

Colorado Realty & Property Management, Inc.: Best for Different Property Types

Colorado Realty & Property Management, Inc. is a Colorado-based full-service property management company that works with long-term rentals. Lyle and Paula Haas founded the company in 2006, with headquarters in Denver, CO. Colorado Realty & Property Management, Inc. operates through a network of local offices in multiple Colorado areas. The company strives to be one of the most progressive and professional property management firms in the state, built on the values of reliability, professionalism, and knowledge. This is the best property manager for different property types in Colorado Springs.

Colorado Realty & Property Management, Inc. Services

Colorado Realty & Property Management, Inc. offers comprehensive services for long-term rentals that cover:

• Competitive market analysis to maximize rental rates
• Marketing with professional photos, virtual tours, and floorplans
• Applicant screening and selection
• Agent and contactless showings
• Pet screening
• Lease preparation, negotiations, signing, and execution
• Move-in condition documentation
• Money and financial management
• Tenant management
• Rent collection
• ACH payments to owners
• HOA communication
• Utility management
• Resident requests management
• 24/7 rental property maintenance coordination
• Monthly accounting reports
• Year-end income and expense reporting
• 1099s preparation
• Lease enforcement
• Move-out inspections
• Eviction assistance

Colorado Realty & Property Management, Inc. Locations

Colorado Realty & Property Management, Inc. operates across the entire Colorado Springs market as well as the surrounding areas. The market coverage includes:

• Colorado Springs: Cordera, Flying Horse, Gleneagle, Indigo Ranch, Peregrine, Pine Creek, Pleasant Valley, Woodmen Hills, etc.
• Falcon
• Fountain
• Green Mountain Falls
• Manitou Springs
• Monument
• Northgate
• Peyton
• Security
• Widefield

Colorado Realty & Property Management, Inc. Property Types

Colorado Realty & Property Management, Inc. works with many different unfurnished types of residential rentals including:

• Single-family homes
• Townhomes
• Condos
• Duplexes
• Triplexes
• Small multi-unit properties

Colorado Realty & Property Management, Inc. Costs

Colorado Springs rental property investors can choose whether they need help leasing their property and/or having it fully managed. Colorado Realty & Property Management, Inc. offers the following packages:

• Lease Up: 50% of one month’s rent, for a minimum of $485

• This includes all services needed to get a property occupied.

• Monthly Management: 8-10% of monthly rent, for a minimum of $145/month

• This includes all services needed to run a rental property business.

• Renewal: 25% of one month’s rent, for a minimum of $400

• This includes all services needed to get a property re-occupied.

There are no additional fees and charges.

Colorado Realty & Property Management, Inc. Terms

Landlords need to sign a property management agreement written by attorneys to start working with Colorado Realty & Property Management, Inc. The company does not specify if annual commitment is needed and what the cancelation policy is.

Owners need to have a landlord insurance policy with comprehensive public liability insurance with minimum coverage of $1 million. The property manager needs to be listed as additional insured or co-insured. Properties that don’t meet this requirement will be added to the company’s master general liability policy.

Colorado Realty & Property Management, Inc. Reviews

There are more than 1,000 online reviews of Colorado Realty & Property Management, Inc. available online. They show generally positive experiences by property owners and tenants.

You can find Colorado Realty & Property Management, Inc. reviews on:

• Birdeye: Currently 4.7/5 stars based on 629 reviews including 627 Google reviews
• Google: Currently 4.7/5 stars based on 575 reviews
• Yelp: Currently 2.5/5 stars based on 37 reviews
• BBB.org: Currently 4.1/5 stars based on 29 reviews

Satisfied investors and renters highlight the excellent services, the stress-free processes, the professional handling of questions and requests, the informed and knowledgeable customer support, the approachable team members, and the efficient communication. Dissatisfied customers complain about rentals in poor condition, the lack of proper maintenance, the higher than expected fees, the unresponsiveness of the team, and the inability to get in touch with customer support.

How to Get Started with Colorado Realty & Property Management, Inc.

To get started with the best property management company in Colorado Springs for different property types, investors can schedule an appointment via the Colorado Realty & Property Management, Inc. website or call 719-312-7752.

Dorman Real Estate Management: Best for Flexible Options

Dorman Real Estate Management is a local property management company covering the Colorado Springs and Woodland Park markets. Todd Dorman established the company in 2006, with headquarters in Colorado Springs, CO. Dorman Real Estate Management aims to offer local expertise, knowledge, and experience combined with reliable communication. They provide multiple service packages and work with different property types which makes them the best Colorado Springs property management company for flexibility.

Dorman Real Estate Management Services

Dorman Real Estate Management offers residential management, commercial management, HOA management, and vacation rental management services. The residential property management services provided by the company include:

• Professional rental market analysis
• Marketing with professional photos and online advertising exposure on multiple websites including Zillow and Trulia
• Extensive tenant screening including collection history, criminal history check, employment verification, and eviction history check
• Rent collection
• Move-in and move-out inspections
• Handling maintenance issues via trustworthy, quick-to-respond vendors
• Accounting including payments of maintenance vendor bills and payment of monthly items
• Payments to owners by ACH processing
• Financial reporting
• Tax statements and 1099s
• Annual statements
• Eviction process assistance

In addition to the above-listed services, Dorman Real Estate Management also offers the following optional guarantees:

• Pet damage protection guarantee: Up to $2,500 per pet
• Eviction cost protection guarantee: Helping offset the costs of an eviction
• Property damage protection guarantee: Up to $2,500
• Security deposit booster: Committing additional funds towards the tenant’s security deposit

Dorman Real Estate Management Locations

Dorman Real Estate Management services are available in and around Colorado Springs, covering:

• Air Force Academy
• Colorado Springs
• Cripple Creek
• Divide
• El Paso County
• Falcon
• Fort Carson
• Fountain
• Front Range
• Manitou Springs
• Monument
• Norad
• Peterson Air Force Base
• Peyton
• Pikes Peak Area
• Security
• Teller County
• Victor
• Widefield
• Woodland Park

Dorman Real Estate Management Property Types

Dorman Real Estate Management manages the following residential property types:

• Single-family homes
• Townhouses
• Ranchers
• Condos
• Apartments
• Small multifamily homes

Dorman Real Estate Management Costs

The cost of the Dorman Real Estate Management services depends on the coverage and the property size. There are 4 different property management packages for properties with 2 units or less:

Lease Only: 100% of one month’s rent

• This includes the leasing fee.

Bronze: 10% of monthly rent

• Leasing fee: $400
• Lease renewal fee: $200
• This includes all basic property management services plus furnace filter program and pet damage protection guarantee.

Silver: 10% of monthly rent + $25/month

• Leasing fee: $400
• Lease renewal fee: $200
• This includes everything in Bronze plus professional photos and eviction cost guarantee program.

Gold: 10% of monthly rent + $45/month

• Leasing fee: $400
• Lease renewal fee: $200
• This includes everything in Silver plus 3D virtual tour and property damage protection guarantee.

Owners of properties with 3-4 units get a 25% discount on the leasing fee. Owners of properties with 5+ units get customized pricing based on the number of units, the average rents, and the needed labor.

Enrolling in the security deposit booster program is optional and paid for separately:

• 50% increase in tenant deposit: $20/month
• 100% increase in tenant deposit: $30/month
• 150% increase in tenant deposit: $40/month

The multiple package options ranging from lease only to full-service property management and the discounts for larger properties is what makes Dorman Real Estate Management the best Colorado Springs property manager for flexibility.

Dorman Real Estate Management Terms

The Dorman Real Estate Management website does not provide a copy of the property management agreement. This means that landlords should ask for it and review it diligently before signing anything.

Dorman Real Estate Management Reviews

Over 1,000 landlords and renters have reviewed Dorman Real Estate Management on third-party websites. These reviews show positive experiences.

You can find Dorman Real Estate Management reviews on:

• Birdeye: Currently 4.1/5 stars based on 559 reviews including 553 Google reviews
• Google: Currently 4.2/5 stars based on 484 reviews
• Yelp: Currently 2.0/5 stars based on 39 reviews
• BBB.org: Currently 1.0/5 stars based on 2 reviews

Positive reviews by property owners and tenants focus on the amazing services, the cultivated relationships, the reliability and patience of the team, the professional dealing with maintenance problems, the expertise in the industry, and the exceptional customer service. Negative reviews discuss the absence of move-out inspections, the wrongful withholding of security deposits, the lack of basic amenity maintenance work, and the lack of accountability.

How to Get Started with Dorman Real Estate Management

To get started with the best property management company in Colorado Springs for flexible options, landlords can fill in an online form via the Dorman Real Estate Management website or call 719-213-9100.

Alliance Property Management, Inc.: Best for Landlord Protection

Alliance Property Management, Inc. is a local long-term rental property management company that specializes in single-family homes but works with other property types as well. Melissa Griffeth founded the company, with headquarters in Colorado Springs, CO. They aim to provide complete satisfaction and peace of mind to both property owners and tenants through professional services. Alliance Property Management, Inc. stands out from the other best property management companies in Colorado Springs due to the landlord insurance which they offer.

Alliance Property Management, Inc. Services

Alliance Property Management, Inc. offers comprehensive services in the Colorado Springs real estate marketing, including:

• Optimizing rental value
• Current market condition insights
• Marketing on 50+ rental websites
• Multiple showing options
• Multi-step tenant screening process including income, credit, rental, eviction, and criminal background checks
• Application process following all local, state, and federal housing regulations
• Rent collection
• Owner payouts via EFT
• Periodic inspections
• Home condition documentation via reports, photos, and videos
• Maintenance coordination through an established network of independent contractors
• Financial reporting via Buildium, one of the best landlord property management software tools
• 24/7 access to property’s financial records

Alliance Property Management, Inc. provides interested real estate investors with access to the SureVestor Landlord Protection Insurance, a provider of Scheer Landlord Protection. This rental property insurance protects against:

• 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, Inc. services are offered in:

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

Alliance Property Management, Inc. Property Types

This Colorado Springs property manager works with:

• Single-family homes (main focus)
• Townhomes
• Condos
• Duplexes
• Triplexes
• Fourplexes

Alliance Property Management, Inc. Costs

Alliance Property Management, Inc. offers 3 different property management service packages to meet the needs of all types of investors. These include:

Tenant Placement for DIY Landlords: 100% of one month’s rent

• This includes professional leasing services.

Full Property Management: 10% of monthly rent

• Leasing fee: $500
• Set up fee: $100 for vacant properties; $300 for tenant occupied properties
• Maintenance coordination: 10% on invoices over $1,000
• Eviction filing and oversight: $150
• Eviction court appearances: Hourly billing
• This includes professional leasing services plus professional property management.
• The SureVestor Landlord Protection Insurance is optional.

Premium Property Management with Landlord Protections: 10% of monthly rent + $50/month

• This includes everything in Full Property Management plus SureVestor Landlord Protection Insurance.

Alliance Property Management, Inc. Terms

Alliance Property Management, Inc. does not supply a copy of the management agreement on the company websites. Investors should ask to review it before committing to working with this property manager.

Alliance Property Management, Inc. Reviews

Alliance Property Management, Inc. has generated 200+ online reviews with very strong average rankings.

You can find Alliance Property Management, Inc. reviews on:

• Google: Currently 4.6/5 stars based on 177 reviews
• ChamberofCommerce.org: Currently 4.2/5 stars based on 81 reviews
• Yelp: Currently 4.5/5 stars based on 8 reviews

Happy investors and renters praise the top-notch rentals, the quick addressing of issues, the great team, the professionalism, the easy processes, and the prompt communication. Unhappy customers mention unethical practices, security deposit frauds, the unhelpfulness of the team, and the inability to connect with customer support.

How to Get Started with Alliance Property Management, Inc.

To get started with the best property management company in Colorado Springs for landlord protection, property owners can submit an online form via the Alliance Property Management, Inc. website or call 719-355-8688.

The Colorado Springs Group: Best for Guarantees

The Colorado Springs Group is a local, family-owned and run property management company that works with single-family homes built after 1979. The company was created in 2003, with headquarters in Colorado Springs, CO. They focus on providing affordable, professional property management services in the Colorado Springs rental market. Special services and discounts are available for military staff. The Colorado Springs Group is the best local property manager for additional guarantees to landlords.

The Colorado Springs Group Property Management Services

The Colorado Springs provides full-service property management services that include:

• Rental rates evaluation
• Marketing including professional photos and full-length property walkthroughs
• Listing distribution on the main websites in the area including Zillow, Realtor.com, Trulia, and Hotpads
• Tenant screening including tenancy history, income verification, credit report, background check, and eviction check
• Lease and lease renewal negotiation
• Tenant compliance with lease agreement terms
• Rent collection
• Compliance with HOA and government authorities
• 24/7 emergency maintenance
• Property maintenance and repairs coordination and supervision through proven and experienced vendors
• Accounting
• Owner payout disbursements via direct deposit
• Monthly statements
• Year-end reporting and tax documentation including 1099s

The Colorado Springs Group offers more guarantees to landlords than many of the other best rental property management companies in the area. These include:

• Leasing fee guarantee
• Pet damage guarantee: Up to $1,000 per pet
• Owner referral guarantee

The Colorado Springs Group Property Management Locations

The Colorado Springs Group manages rental properties in and around:

• Air Force Academy
• Black Forest
• Colorado Springs
• Falcon
• Fort Carson Peterson AFB
• Fountain
• Monument
• Peyton
• Schriever AFB
• Security
• Widefield

The Colorado Springs Group Property Types

The Colorado Springs Group manages only single-family homes built after 1979.

The Colorado Springs Group Property Management Costs

This Colorado Springs property manager offers 3 different service packages including:

Military Property Management: 9% of monthly rent

• Leasing fee: $500
• Lease renewal fee: $250
• This includes a professional leasing system, professional management, and guarantees.
• The SureVestor Landlord Protection Insurance is optional.

Full Service Property Management: 10% of monthly rent

• Leasing fee: 50% of one month’s rent, for a minimum of $750
• Lease renewal fee: $250
• Initial property setup: $250 for tenant-occupied properties
• This includes a professional leasing system, professional management, and guarantees.
• The SureVestor Landlord Protection Insurance is optional.

Premium Property Management: 12% of monthly rent

• Leasing fee: $500
• Lease renewal fee: $250
• This includes everything in Full Service Property Management plus the SureVestor Landlord Protection Insurance.

The Colorado Springs Group Property Management Terms

The Colorado Springs Group website does not provide details on the property management agreement. Thus, investors should ask for a copy and read through it carefully to know how easy or not it is to opt out of services if they are not entirely satisfied.

The Colorado Springs Group Property Management Reviews

Less than 100 property owners and tenants have written online reviews of The Colorado Springs Group. They show positive experiences.

You can find The Colorado Springs Group reviews on:

• Birdeye: Currently 4.3/5 stars based on 33 reviews
• Google: Currently 4.3/5 stars based on 29 reviews
• Yelp: Currently 5.0/5 stars based on 7 reviews

Positive reviews by satisfied landlords and renters praise the admirable sense of ethics, the comprehensive services, the availability of the team, and the quick communication. Negative reviews complain about suspicious and unexplained invoices, the lack of professionalism, and difficulties terminating lease agreements.

How to Get Started with The Colorado Springs Group Property Management

To get started with the best property management company in Colorado Springs for guarantees, single-family rental home owners can fill in an online form on The Colorado Springs Group website or call 719-799-3686.

Takeaway

Buying a Colorado Springs rental property is a good way to start making money from real estate in 2023. Those who don’t have the time or skills to deal with tenants can hire a professional property manager to benefit from passive rental income. The top property management companies in Colorado Springs are HomeRiver Group and Awning for long-term and short-term rental properties, respectively. Colorado Realty & Property Management, Inc. and Dorman Real Estate Management are good options for landlords who prefer flexibility. Investors who’d like to get extra protection should check out Alliance Property Management, Inc and The Colorado Springs Group.