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Colorado's New Occupancy Law: HB 24-1007

Colorado’s New Occupancy Law: HB 24-1007 The Colorado legislature has recently enacted House Bill 24-1007 which introduces significant changes to state law concerning occupancy requirements in rental properties. This new legislation alters the power that municipalities prev...
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HB24-1318 Landlords Required To Pay For Property Modifications For Tenants With Disabilities

HB24-1318 Landlords Required To Pay For Tenant Disability Modifications To Rental Properties *Grace Property Management is not an attorney firm, and this is not legal advice. The below is simply our interpretation of some aspects of HB 24-1318. A legal professional should be cons...
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Lease Renewals REQUIRED by law in Colorado - except in these 6 instances: HB24-1098

Lease Renewals REQUIRED by law in Colorado - except in these 6 instances: HB24-1098Key points:Housing providers may NOT terminate or non-renew a lease at the end of the lease term without legal cause and 90 day noticeHB 24-1098 redefines what it means to non-renew a lease -  ...
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Housing providers now required by law to offer lease renewals to tenants, and other major impacts of...

Housing providers now required by law to offer lease renewals to tenants, and other major impacts of HB 24-1098. Grace Property Management is not an attorney firm, and this is not legal advice. The below is simply our interpretation of some aspects of HB24-1098. A legal professio...
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Denver Rental Market Trends and Update - April 2024

Denver Rental Market Trends and Update - April 2024 Key Points:Average rental rates for multi-family properties are down, while rental rates for single family homes are upRental demand is decreasing while rental supply is increasingThe rental market in Denver has seen a decrease ...
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$1MM Settlement Against Property Management Company Impacts All Colorado Real Estate Investors

$1MM Settlement Against Property Management Company Impacts All Colorado Real Estate Investors On January 9th, 2024, the Colorado Attorney General announced a $1 million settlement against a Colorado property management company. This is relevant to all real estate investors and l...
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Top Reasons Landlords Get Sued On Tenant Security Deposit Returns

After working with thousands of real estate investors over the past several decades, we have seen a pattern in some of the most common mistakes that landlords make when they are returning a security deposit to a tenant vacating a property. When a tenant moves out of a property, t...
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New law caps pet rent and pet deposits for Colorado landlords

Key points:Effective date: 1/1/2024A new cap on both pet rent and deposits What to do with a pet during an eviction Colorado House Bill 23-1068 places new restrictions on landlords when renting to tenants with pets. HB23-1068 - Concerning pet animal ownership and h...
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5 Easy Ways to Make More Money Owning Rental Property

Making a profit in real estate investing is getting more and more difficult. As real estate prices increase and rents flatten, landlords need to be creative in looking for ways to increase their bottom line income. These five proven but lesser-known strategies will help you maxim...
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Why Rents Could Decline in 2024

Key Points:Rental supply and demand shifts will favor renters in 2024Property owners should act to minimize turnover The rental market in Colorado over the past decade has experienced annual double-digit rent growth as well as double-digit home price appreciation. This hyper...
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