Aurora Property Management

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

Are you considering partnering with Grace Property Management for the management of your Denver 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.

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Pros and Cons of Investing in Aurora Real Estate

Up until a few years ago we did NOT recommend Aurora as a strong long-term investment area.

This was due to dilapidated infrastructure, over abundance of low-income housing, and high crime rates.

However, today Aurora is in the midst of a classic long-term, city-wide revitalization project. This revitalization is still in the early phases of the plan which means that real estate prices are significantly lower (25%) than those in the surrounding Denver areas.

This presents an opportunity to investors who are willing to take on a little more risk along with more work and active management in the day-to-day management of most Aurora properties.

One risk associated with downtown Aurora investing is that you will be competing with a lot of new class-A multi-family rental product. Aurora may not be 'overbuilt' yet; but there is a lot of new building and at a very fast pace.

If you are looking for a stable market, amazing amenities, pride of ownership and very strong trending rental market - Aurora is your place for a long term buy and hold.

THE PROS

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  • Potential future price appreciation
  • Lower than average prices
  • New infrastructure and business
  • Higher than average CAP rate (investment rate of return)

THE CONS

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  • One of the higher crime rates in the metro Denver area
  • Active management is required due to higher risk area
  • Quality of public education is poor as compared to other cities

Overall Aurora Real Estate Investment Rating:

B-

Real Estate Investors:

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