Property Management Education

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
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
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...

3 Questions to Ask Before You Let a Repairman Into Your Rental Home

System - Thursday, March 1, 2018
If you are a self-managing rental property owner, it’s only a matter of time before you receive the dreaded phone call from your tenant alerting you to a maintenance issue. This could be a faulty appliance, HVAC, or any number of other common home repairs. Often the solution is to hire a competent third-party service p...

Should You Own Your Rental Property in an LLC?

System - Sunday, February 11, 2018
Real estate investors are faced with a host of important decisions on how they will own and operate their rental properties. Perhaps the most critical decision being how they should actually own the property. Should they hold it individually or set up some type of ownership entity such as a corporation or LLC? In this post,...

Why You Should Never Charge a Pet Deposit

System - Wednesday, January 10, 2018
Rental property investors often come to us with questions regarding renting to tenants with pets. Landlords and even property managers sometimes fall into the trap of charging a separate pet deposit, when the reality is an additional pet-specific deposit is not in the best interest of the property owner. Let’s look at an examp...

Top 3 Colorado Cities for Real Estate Investors

System - Sunday, December 3, 2017
Perhaps the most frequently asked question we get from investors is, “Where should I buy and what areas should I stay away from?” In this blog, we break down the top three Colorado rental markets currently presenting the most opportunity for real estate investors.    Thornton This Colorado ...

Pros & Cons of Investing in Subsidized Housing

System - Thursday, November 30, 2017
What is subsidized housing and should you as a real estate investor incorporate it into your investment strategy? The answer really depends on your own unique investment goals. Subsidized housing, typically Section 8 housing, like any investment property comes with a list of pros and cons. Having a clear understanding of each will help...

6 Questions to Consider Before Turning Your Home into a Rental Property

System - Thursday, October 26, 2017
Our team at Grace Property Management talks to a lot of homeowners weighing their options between converting their primary residence into a rental property or selling. It’s not an easy yes or no. Here are six questions to ask yourself when trying to decide: If I didn’t own this home today, would I buy it as a rental...

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