Owner Services

Welcome to Dowda Realty, where we serve as transaction brokers for both Owners and Tenants. Dowda Realty offers the following benefits to our tenants:

• Tenant IT PAYS TO STAY program.
• Spanish Services

If you are interested in applying for an apartment, condo, townhome, single-family home or other residence, the following information will be helpful. It will describe the basic policies and procedures that Dowda Realty follows in order to provide fair housing. Check out our Available Rentals. If you find a place that interests you, drive by first, then call us to set up an appointment to see the interior. Appointments are scheduled Monday through Friday 9am-5pm, and Saturday by appointment only. Tenant Requirements

• We require each roommate to qualify for the unit individually. This means that each person will need to earn 3 times the amount of the rent per month. There is a limit of two people per bedroom.
• We collect a $ 30.00 application fee per adult (any one 18 years and older), that will be living in the unit.
• Our minimum screening procedure includes employment, income, credit check, and landlord references. It may require up to 2 business days to process your application. The approval/finance committee makes the final decision concerning applicant acceptance.

• any of the applicants have ever been evicted.
• there is any money owed to a previous or current landlord for any reason (and restitution has not been made).
• any of the applicants are in the process of declaring bankruptcy, and the filing and judgements are not finalized .
• there has been a bankruptcy in the past 7 years, and the applicant has incurred more negative debt.
• the applicant receives a poor reference from a previous landlord.
• the applicant's credit score is less than 500.
• the applicant has ever been convicted of a felony, arson, or a sex offense.

• The approval committee may require 1½-2 times the Security deposit.
• The approval committee may require a Colorado property owner as a co-signer.

Once an application is approved, we will contact the applicant within three days and set up a lease signing appointment. The security deposit is due in full at the time of the lease signing.  The applicant may pick up the keys at  this appointment, or up to seven days later, without incurring additional fees or loss of security money.  Dowda Realty will pro-rate the rent from the date the keys are picked up.

“Section 8 Housing” is accepted, unless otherwise noted in the description of the Current Rental Availability Listing.  Section 8 Housing does not assist tenants with the security deposit.  If you are on Section 8, the unit you choose must be inspected and approved before Housing will subsidize you.  Section 8 does not set the rent, we do.  We will not hold a unit while waiting for your case worker’s approval, and your security deposit will not be refunded if the unit is declined by housing.   We strongly recommend that you contact your case manager as soon as you choose a unit. 

Rent is due on the 1st of each month.  Rent is late at Noon on the 4th of each month, no exceptions.  A 12% late fee incurs at 12:01 p.m. on the 4th of the month.
    

• 5% of your monthly rent to be applied towards the closing cost to purchase a home
• Up to 1.5% of the purchase price can be applied towards a purchase of a home, through Dowda Realty
• All Dowda Realty properties qualify, unless otherwise noted in the description
• When the tenant is ready to buy--any home or property in the “MLS” (Multiple Listing for Sale) can be purchased. This may not include the unit that you are renting.
• YOU MAY SAVE UP TO ½ OF THE CLOSING COSTS WITH THIS PROGRAM!
• There are no additional fees, money down, or increase in rent. A required $10.00 registration fee is the only cost.
• “IT PAYS-TO-STAY”! Upon completion of each annual lease the registered tenant(s) gains an additional $300.00 credit applied to the home purchase. (Cap remains at 1.5% of the purchase price).