The City of Boulder just released the new interest rate that must be paid on security deposits for properties within the City limits. This rate is now 3.01% simple interest for all 2006.
Water rates for City properties are going up in 2007. This might be a good time to look at water saving fixtures if you are considering any remodeling in your units.
Two years ago the City instituted the "6-day Review" for trash contracts. This requires rental properties on The Hill to have the trash check & emptied every day during the week in May and the week in August while the students are moving in or out. The original ordinance was to be reviewed after two years. The City is now preparing to look at the ordinance. The Boulder County Rental Housing Association is working with them to (hopefully) keep this reasonable.
The next meeting of Boulder County Rental Housing Association will be held on February 9th. The City of Boulder Environmental Enforcement department will be there to answer questions. I encourage all owners to attend--even if you are not members. You can call Sheila Horton at 303.494.9048 to sign up.
Fall pre-leasing for student properties is upon us. We will be at the CU Off Campus Housing Fair again in February with all our student properties. We are already seeing some students starting their search for Fall 2006 rentals. This is very encouraging. Time will tell on this segment.
