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Renting out your first property: the first 90 days

Licensing, screening, the lease and the first repair call. A short plan for new owners who want the rental to start on solid ground.

By Marlowe & Vance team · · 3 minute read

The short answer.

In the first ninety days, get the rental license and inspections done, screen every applicant by the same written criteria, use a lease that fits local rules, document the move-in condition with photos, and set up a simple system for repairs and rent.

Gated entrance drive with a white pergola and residential towers behind
Gated entrance drive with a white pergola and residential towers behind.

Paperwork before people

Denver requires a residential rental license, and the inspection that comes with it is easier before a tenant moves in. Insurance changes too: a landlord policy is different from a homeowner policy. Sort both before you list the home for rent.

  1. Apply for the rental license and schedule the inspection.
  2. Switch to a landlord insurance policy.
  3. Write screening criteria and apply them to every applicant.
  4. Sign a lease that matches current local rules.
  5. Photograph the move-in condition, room by room.

Have a question about your own situation? Book a short call with an agent or ring (555) 318-4720.

Screen the same way every time

Write down your criteria for income, rental history and credit before the first application arrives, and apply them identically to everyone. Consistency keeps you fair and keeps you within fair housing law.

Write the rules down before the first application arrives.

At a glance

MonthFocus
1License, insurance, pricing the rent
2Marketing, showings, screening
3Lease signing, move-in, first check-in

A typical sequence. Local rules change, so confirm current requirements.

Written by the Marlowe & Vance teamPublished . General guidance, not legal or tax advice.
Questions.

Questions readers ask

Short answers to what readers ask about this topic.

(555) 318-4720All questions
  • Not always. Many owners self-manage one unit well. A manager earns their fee on time, tenant relations and maintenance coordination.

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