Property Management Education

Denver Rental Market Update

Marc Cunningham - Sunday, November 25, 2018
Entering into the final month of 2018, the team at Grace Property Management wanted to provide our owners with a quick update of the Denver rental housing market. 2018 has been an interesting year — common perceptions about the Denver rental market and what statistics show aren’t quite aligned.  Looking at the national r...

You Now Must Accept Section 8 in Your Denver Rental Property

Marc Cunningham - Monday, October 29, 2018
Did you know? Beginning January 1, 2019, residential real estate investors and property managers will be required by law to accept Section 8 tenants as applicants in all Denver county rental properties.  The new legislation is a result of the housing shortage in Denver. HUD has added a new protected class to its list — source o...

4 Lease Renewal Tips

Marc Cunningham - Thursday, September 27, 2018
The longest tenant we’ve ever had at Grace Property Management lived on the same property for 30 years! Not only did the tenant essentially pay the owner's mortgage off, but they saved the owner significantly on turnover and vacancy costs. Over that 30 year span, we did 30 lease renewals with the tenant. As a property managemen...

Why Can’t I Fire My Property Management Company?!

Marc Cunningham - Tuesday, September 11, 2018
The team at Grace Property Management has been in the business of property management for over 40 years. We believe in providing our owners and tenants with the highest level of service possible, and we understand the value of a strong reputation. Unfortunately, there are a number of property management companies who don’t operate...

Should I Use a Home Warranty Company for My Rental?

Marc Cunningham - Wednesday, August 22, 2018
A common question we receive from real estate investors is, “Should I use a home warranty company for my rental property?” They want to know if home warranty companies help to save money or time when it comes to maintenance and repairs. In this blog, we will cover a few reasons why you may choose to opt out of using a home wa...

Can I Sell My Rental Property With Tenants Living There

Marc Cunningham - Wednesday, July 25, 2018
­­ As with any asset, there may come a day that you as a landlord may want to sell one or more of your rental properties. A common question that arises when it comes time to sell is, “Can I sell my rental property with tenants still in place?” The simple is yes, however, there are a few caveats to be aware of if you d...

Top 5 Lease Agreement Clauses

System - Sunday, July 1, 2018
Whether you self-manage your rental property portfolio or rely on a third-party property manager to take on the task for you, there are a few critical clauses that should be included in your lease agreements. Below we detail what we’ve deemed the top five clauses that should be written into your leases to ensure your own protection ...

How Much Should I Budget for Repairs?

System - Saturday, May 26, 2018
New and experienced investors alike struggle to answer the question of how much money they should be budgeting for rental property repairs. To put into perspective just how challenging this can be, we looked to one of the largest publicly traded single-family investors, American Homes 4 Rent. As a large institutional investor, AH4R h...

How Often Should I Inspect My Rental Property?

System - Sunday, April 22, 2018
{{ post.title }} A critical mistake we advise rental property investors NOT to make, is placing a tenant and then forgetting about the property. In this blog, we will cover the best practices for inspecting occupied rental properties. Not only will we cover what to look for in these inspections, but also the frequency we recommend to ...

What Can I Charge to My Tenants Security Deposit?

System - Thursday, March 29, 2018
{{ post.title }} If you own Colorado rental property, it’s imperative that you make yourself aware of the rules and regulations surrounding security deposits. When a tenant vacates your property, properly processing the return of a security deposit can be a complicated process. What are the timelines you must abide by? How much can you dedu...

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