Former Mayor Reveals Why Most Colorado Landlords Are Dangerously Underinsured

Former Superior mayor Clint Folsom has owned Boulder student rentals for over three decades and led Superior through the Marshall Fire rebuild. He brings a perspective most Colorado investors will never get. Chris Lopez and Clint walk through two live Boulder listings to show how price per bedroom and gross rent multiplier actually work, covering a $915K five-bedroom south of campus and a $2.26M seven-bedroom duplex on University Hill. They explain Colorado's 2024 occupancy law change and what it unlocked for investors. The conversation then shifts to the Marshall Fire and the insurance gaps Clint discovered in his own policies after the fire destroyed roughly 1,100 structures in December 2021. He explains why 12 months of lost rent coverage usually isn't enough, and how Superior hit an 80% rebuild rate in 4 years, far ahead of comparable California communities. If you own rentals in Colorado, this one is worth a careful listen. 📒Link to Show Notes: https://denverinvestmentrealestate.co... ~~~~~~~~~~~~~~~~ 🧰 Download our FREE investing toolkit: https://denverinvestmentrealestate.co... ~~~~~~~~~~~~~~~~~ 🤳 Get in touch! Instagram: @realestatewithchrislopez or   / realestatewithchrislopez   Reach out to Clint Folsom: Folsom and Company Real Estate: https://www.folsomco.com Clint Folsom on LinkedIn:   / clintfolsom   Clint Folsom on Facebook:   / clintfolsom   ~~~~~~~~~~~~~~~~~ ⏰ Timecodes⏰ 00:00 Intro 01:58- Boulder market overview and Pine Brook Hills 03:10 - CU Boulder student rental basics 05:27 - 2024 Colorado occupancy law change 07:21 - Boulder student housing price per bedroom 09:10 - University Hill rent ranges per bedroom 11:53 - GRM vs cap rate for student rentals 13:32 - GRM walkthrough on two Boulder listings 16:57 - Boulder rental licensing requirements 18:25 - Buying a CU Boulder rental for your kid 20:20- Marshall Fire recap, 1,100 structures lost 22:39 - Landlord underinsurance lessons 25:35- 24 months of lost rent coverage 27:19- Marshall Fire rebuild, 80% in 4 years 28:53 - FEMA coordinated debris removal 33:42 - Home inspector to mayor of Superior 38:49- Investors engaging in local government 40:42 - Where to find Clint Folsom ~~~~~~~~~~~~~~~~~ ✅ FREE CONSULTATION WITH OUR TEAM: https://denverinvestmentrealestate.co... ~~~~~~~~~~~~~~~~~ #Coloradorealestateinvesting #ChrisLopez #REICO