Property Management Education

5 Advertising Essentials for Rentals

Marc Cunningham - Monday, October 02, 2017



Whether you as a rental property investor choose to hire a property manager or self-manage your rental investment portfolio, it’s essential that your vacant property is being marketed effectively. In this blog, we will identify the five key strategies to help you market your property for maximum exposure to find the quality tenants you desire, or to check that your property manager is doing these marketing actions on your behalf.  Read More

10 Words You Never Want to Hear from Your Tenant

Marc Cunningham - Wednesday, August 30, 2017



"I am getting a service animal and it’s a turkey."

While this may seem silly or unrealistic, but the truth is this is a real story. As a landlord, what do you say? Do you know the laws around service animals? If you don’t, you should brush up because HUD doesn’t take service animals lightly. Let’s test your knowledge a bit.  Read More

Should I Use a Home Warranty Company for my Rental Property?

Marc Cunningham - Wednesday, August 30, 2017

  1. They use cheap labor.
    Plain and simple, home warranty companies hire cheap labor to do repairs. Why? Because they charge you upfront. The model is set against you because they have no real reason to hire high-quality repair vendors to maintain your property. Offering top-notch work isn’t advantageous to the home warranty company’s bottom line therefore you can expect customer service to suffer.
  2. They aren’t usually fast in response time.
    As an investment property owner, one of your top priorities is keeping your tenants happy. If you have a great tenant in your property, you will do everything you can to keep them. Unfortunately that is not the case when it comes to home warranty companies. Again, because they are paid upfront, they don’t have to be fast when responding to issues at the property. They tend to take an attitude of, “I’ll get to it when I get to it.” When something breaks at your property, your tenants expect you to handle it quickly. If they don’t get a fast response time, they may decide to vacate when the lease term ends. 
  3. They have minimum charges.
    Most home warranty companies charge a service fee every time you call with a problem and often don’t cover typical repairs. Read the fine print and understand what is covered in your premium before making a decision.
  4. They are not in the business of losing money.
    Home warranty companies are in the business of making money and that means they make more money on you than they will spend on you. It’s a flawed business model when it comes to offering quality customer service.
  Read More

The Top 6 Tax Deductions for Landlords

Marc Cunningham - Saturday, July 29, 2017



Landlords and real estate investors are eligible for several great tax advantages offered by the IRS, however oftentimes we talk to investment property owners who are unaware of some of the benefits available to them. In this post, we will cover the top 6 tax deductions for landlords to claim come tax season.  Read More

Don’t Rent to Tenants with Credit Scores Under this Number

Marc Cunningham - Saturday, July 29, 2017



One of the toughest challenges landlords face is finding quality tenants - someone who will pay their rent on time, care for your property, and ideally stay for a long period of time. While you should always conduct a thorough background check before placing a prospective tenant in your property, credit score is an important consideration to weigh in.  Read More

Do I Have to Allow Marijuana in My Colorado Rental Property?

Marc Cunningham - Tuesday, June 27, 2017



As a Colorado based company, the question of marijuana in rental properties has become more and more prevalent in our business. Landlords want to know if the legalization of marijuana in Colorado have forced them to allow it in their properties. The answer is no. However you absolutely must state the restriction in your lease. If you stay silent on your smoking or marijuana policy in your lease agreement, you open yourself up for tenants bringing marijuana into your property with little to no recourse.   Read More

Should I Offer My Tenant A Longer Term Lease?

Marc Cunningham - Tuesday, June 27, 2017



When you decide to purchase an investment property, you as the owner have a lot of decisions to make. One of the most important being how long of a lease term you should offer your tenant. 6, 9, 12, 15 or even 24 month leases are all available options, but which one is best? Choosing to offer a longer term lease comes with its own set of pros and cons.   Read More

Condos vs Single-Family Homes: What's the better real estate investment?

Marc Cunningham - Saturday, April 29, 2017



The team at Grace Management works with a lot of first time investors. Being in business since 1978, we are able to lend valuable advice to help them get started on the right track with their real estate investment journey. One of the most frequently asked questions we get is, “What kind of property should I buy? Are condos and townhomes better or worst than single-family homes? Which is the better investment for me?” In this post, we offer two benefits and 2 risks associated with both.  Read More

What’s the Better Investment? Real Estate or Stocks?

Marc Cunningham - Saturday, April 29, 2017



A seemingly age-old question asked by many investors, “Should I invest in the stock market or real estate?” More and more investors have begun tiring of the volatility of the stock market and switching to real estate investing. In this blog, we break down the top five reasons to invest in real estate rather than traditional stocks and bonds.  Read More

Should I Rent My Investment Property Furnished?

Marc Cunningham - Thursday, March 30, 2017



A lot of property investors wonder if by furnishing their unit, they will generate more rental income. This blog covers three important considerations for investors weighing the option of renting their property furnished.  Read More


Recent Posts


Tags


Archive

Connect With Us

Affiliations

Affiliation Logos

Contact Us

Grace Property Management & Investment Corp.
2200 East 104th Ave., Suite 105
Thornton, CO 80233

Tel: 303-255-1990

Copyright © 2018 Grace Property Management. All Rights Reserved.
Website created by PMW | Sitemap



Grace Property Management & Investment Corp. is committed to ensuring that its website is accessible to people with disabilities. All the pages on our website will meet W3C WAI's Web Content Accessibility Guidelines 2.0, Level A conformance. Any issues should be reported to info@rentgrace.com. Website Accessibility Policy