Erie Property Management

What you need to know about Erie property management and real estate investing

Are you considering partnering with Grace Property Management for the management of your Erie rental property? If so, we have 10 numbers that will give you a glimpse into how we operate, and help you decide if we're a good fit for each other.

99%

Percentage of rent due that we collect each month. This is due to a very tight applicant screening process, a time-tested internal collection process, and the fact that we have a full-time Director of Accounting (Jessica M) whose only job is to ensure our residents pay on-time each month.

The number of U.S. presidents that have served in office since we opened Grace Property Management for business in 1978. In 1978 Jimmy Carter was our  President and the Bee Gees had the #1 song (Staying Alive!). When you hand us the keys to the front door of your property, you can feel confident knowing we’re going to be here today, tomorrow, and the next day after that! 

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1st

The ranking we received as the 2018 ‘Think Realty’ National Property Manager of the Year. Although we only operate in Colorado we are recognized nationwide as a leader in the property management industry. 

72%

The percentage of our tenants that renew their leases every year. This is important because turnover leads to vacancy – which is the biggest expense you could potentially have as a landlord. More lease renewals leads to less turnover, which results in fewer expenses for you!

12,750 

The approximate number of rental applications we’ve processed. After looking at this number of credit and background reports, we know what to look for when it comes to processing Erie rental applications. 

24 

The number of states in which we have taught property management continuing educational classes for state Realtor associations. We teach thousands of Realtors and property managers each year - helping to educate them on how to do property management better. 

$1,000 

The amount of money we guarantee you for pet damage or legal eviction expenses. If we approve and place a tenant in your Erie rental property and we have to evict that tenant for non-payment of rent, we will pay up to $1,000 of legal fees. We will also pay up to $1,000 in pet damage if we approve a pet who does damage. Click here for more details.

30 Days

Although we hope to work together for many years to come, we don’t believe in long-term “forced” contracts. Rather we believe we should earn your business every single day. Should you ever find our services lacking, you can terminate our agreement with a simple 30-day notice; and with no termination fees or penalties.  

303-210-5744

That’s not our Erie property management office phone number -  it’s my (Marc Cunningham) personal cell number. If you ever have a problem as a client, you can call me directly. Just please don't call during dinner, my wife doesn't like that!

$8,000 

The amount of money we have donated to our ‘Grace-Gives’ fund over the last 12 months. We use this money to help responsible residents who encounter unexpected financial difficulties. For every lease we sign, we donate money into our ‘Grace-Gives’ account. We’ve been able to help many residents in time of need! Click here for details.

Real Estate Investors:

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Management Life Cycle Brochure


Pros and Cons of Owning Erie Investment Real Estate

The only downside of buying a rental property in Erie is that you are going to pay a lot to purchase the property!

When residents are in the area - they rarely leave. This is due to the low crime rate, good schools, excellent amenities and close proximity to Denver and the mountains.

If you currently own a home in Erie, we recommend consider keeping it as a rental, rather than selling it. We believe homes in Erie will contine to appreciate and given the high quality of the city residents - it is a great area which gives owner / investors a pride-of-ownership factor that is hard to match.

Pros

  • Very low crime rate
  • Average income per capita is over $100,000
  • Good schools

Cons

  • Home prices are very high
  • CAP rate (investment rate of return) is lower than some other areas

Overall Erie Real Estate Investment Rating

B+