| Happy July! Did you realize it’s halfway through the year!? If you’re looking for an exercise to reflect on the first half of the year, check out this exercise to assist you. July begins the start of Q3 & brings with it summer vibes & hot market news. Inventory continues to rise, days on market in most Denver metro areas is lower than a week, and median home prices are $539K. Remember, this is the average though – it’s extremely specific to neighborhood, bed/bath count, amenities and renovations. What are you noticing in your neighborhood ? Here are some fun facts….. Did you know that Denver was once known for affordability? Housing in the Denver Metro is now 36% more expensive than the national average. Although utilities (13% cheaper) & groceries (6% cheaper) are below the national average. As of June 2024, there are approximately 3,029 rental listings in the Denver metro area (Redfin). Of these, about 20% have had price reductions recently (Redfin) If you’re looking for a rental property, need help optimizing or analyzing your rental or help placing tenants in your current rental – reach out! As of summer 2024, there are approximately 2,095 short-term rental listings available in the Denver area (PadMapper). This represents a substantial increase compared to the summer of 2022, when there were around 1,500 such listings. Mountain listings in Tabernash, Fraser and Winter Park tend to take 1 to 3 months to sell.  Upper Iko Trail in Fraser, Colorado Looking to buy that mountain home or investment property? Let’s chat – reach out! What is top of mind in July? What is up with the Stock Market? The S&P has been on a tear, but the growing misalignment between index-level and individual stock performance has financial peeps scratching their heads. Do high-earners worry about money? According to a recent article, people earning high into the 6-figures are concerned about inflation & bills, so much so that the study conducted found 17% of those in the top bracket had cut back on essential spending while 37.1% added they had cut back on discretionary spending in the past 12 months. Is Homelessness in Denver still an issue? Denver’s Mayor Mike Johnson implemented the All In Mile High plan to address the homeless issues – spending $55 Million since 2023– that moves people (albeit slowly) into temporary housing and off the street, with the goal being permanent housing. Summer Travel is Trending – But are you Going into Debt to do it!? Surveys showed that millennials & Gen Z are willing to dive into debt to check-off those summer travel bucket lists. If you’re looking for some free summer fun, check out Colorado’s coolest hikes. Remember, living your best life means loving where you live – which is extremely specific to YOU! I’m servicing the Grand County Mountain areas – including Fraser, Winter Park, Granby – as well as the Denver Front Range – Arvada, Broomfield, Westminster, Wheat Ridge, Lakewood – so reach out! |
 Landlord Tips for Listing Your Rental! Managing your own rental is one of the best ways to keep the cash-flow in your own pocket! Once you find your ideal rental property, next steps are getting it ready to list to a qualified tenant. Here are a few tips to get you started – and if you’re thinking abbott buying but aren’t quite ready, sign up for an informative email series that will help prepare you!Getting Your Rental Ready 🏡 Fix, Repair, Replace, Clean – before listing your rental, make sure it’s in optimal shape! Fix anything that’s broken, patch & paint walls, service the major systems (change furnace vents & clean gutters). ⚒️ Identify a handyman & plumber – before you hand over the keys, you should identify someone you can call to handle any miscellaneous issues that come up. Whether it’s a handy neighbor or someone you’ve used in the past, it’s a good idea to be proactive with this! Make sure to get references. 💰 Price it Correctly – Pricing your rental at a price that fits market value, but attracts multiple applicants is key! Price it too high for the area and it sits; too low and you don’t get qualified applicants! 🙋♂️Post it Before it’s Ready! Rentals typically take 30-45 days to rent – meaning it will take that long to find a qualified tenant. Post your listing at least 30 days prior to you wanting it rented! I’m all about planning & preparing to make my properties perform as well as they can. If you need help with your rental, respond to this email ⬇️ And be sure to sign up! Sign up For my Real Estate 101 Email Series that Dives into more tips!  You’re Ready to Buy: Now What!? Preparing mentally & financially for a home purchase is big! Once you have decided that you want to start looking, there are a few next steps to take to begin the process. Talk to Lenders & Get Your Finances in Order 💵: The first step is to speak with lenders to understand your loan options and get pre-approved. This will help you know your budget and improve your negotiating power. Explore Your Desired Areas 🗺️: Spend time exploring the neighborhoods you’re interested in. Check out local amenities, schools, and commute times to ensure it’s the perfect fit for your lifestyle. Consult a Real Estate Professional 🏠: A real estate agent can provide valuable insights into the home buying process, market trends, and help you find the right home that meets your needs.Being prepared and armed with information will make the home buying process easier! Ready? Let’s chat!!! 👆 And if you’re not quite ready, sign up for my Prepare to Buy email series! |
 Entrepreneur Tips “”If you’re starting something on your own, you better have a passion for it, because this is hard work.”” I’ve been working for myself now for almost 3 full years – time flies (and sometimes CRAWLS) when you own the clock! Some of the hardest and most rewarding times I’ve had in my career have been in these past 3 years. Entrepreneurship doesn’t come with a manual though – there are a million ways to do things when no one is telling you how, when or why to do it. And it’s hard. So. So. Hard. I wanted to share some practical tips and lessons learned in case you are thinking about taking the leap. Time Management Owning your own time is incredible, you can literally do whatever you want. Or not. Managing your time when working for yourself is incredibly important, so try time-blocking your most important, revenue producing tasks during the part of the day where you feel most alert. On my best weeks, I block my calendar with the important tasks I’ll be working on and try to plan out my workouts, fun and errands. Reserves Being solely responsible for bringing in your own money instead of relying on a paycheck can be terrifying. I’d recommend to anyone starting their own business or looking to quit there W-2 to go all in, to have at least 6 months of living expenses in the bank. Before I took the leap, I had 2 years of living expenses saved….burning the boats is great, as long as you have some sort of safety net! Get Out There Working for yourself and being completely autonomous is incredible. And it can be lonely! Get out and network with others in your industry (Meetup Groups & LinkedIN are great ways to connect!) or start your own Accountability group with people who have similar goals. Knowing you’re in good company, with people striving to accomplish big things, helps! Track Your ROI I’m a big believer of ‘that which gets measured gets managed.’ Being solely responsible for my income means I’m dialed into the value of my time, and what I make on an hourly basis – although this took several months to figure out! I’d recommend you track your income producing activities, how long those tasks take, then refine those processes so they become second nature. This means your hourly rate goes up as the time it takes you to complete these tasks decrease. If you want to outsource your rental, so you can focus on your highest income producing activities- DM me! |
 Tips & Teachings With half the year behind us, I’m currently focusing on being extremely present, taking things one day at a time, and being intentional with where I place my energy. Time isn’t an infinite resource, but we do all have the same amount of it, so spending it on things that bring you joy – from a business and personal perspective – matters. How do you want the rest of the year to feel? What experiences do you want to have? These are some of the questions I’m contemplating. These quotes, podcasts, statements have resonated with me lately, so sharing in hopes they do the same for you – Enjoy! Happiness is reality minus expectation. Capital Makes Independence Possible. Setting boundaries is not only necessary for healthy relationships, but essential for self-care. You can love/respect/feel compassion for others from afar. On How Entrepreneurs should Spend Their Time: 50% of your time should be spent on the expansion/growth/new ideas 30% in the actual work 20% admin/staff meetings/things you have to do You have an economic engine, whether you think you do or not. You need to know how it functions. |
Earn & Invest Podcast – Save Yourself 570 Hours
Pursuing Freedom Podcast – Reverse engineer your success
The Knowledge Project Podcast – Get Rich, Stay Rich with Morgan Housel
Huberman Lab Podcast – Unlock your Potential Motivation with Dr. Adam Grant
Be sure to follow me on Instagram and Facebook.
Have Questions? Reach out to happyhomescoltd@gmail.com about real estate investing or if you’re looking to buy or sell! |