Housing providers now required by law to offer lease renewals to tenants, and other major impacts of...
By Marc Cunningham Saturday, May 4, 2024
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
By Marc Cunningham Friday, March 29, 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
By Marc Cunningham Saturday, February 24, 2024
$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
By Marc Cunningham Monday, January 29, 2024
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
By Marc Cunningham Tuesday, January 2, 2024
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
By Marc Cunningham Wednesday, November 22, 2023
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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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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New Radon Rules For Colorado Real Estate Investors - What Property Owners and Tenants Need to Know
By Marc Cunningham Tuesday, September 26, 2023
Key points:Property owners and managers must now include a Radon disclosure in your lease agreementColorado is keeping tenant-residents safe by providing all radon informationOver the past few months, we've covered various laws enacted by the Colorado legislature, impacting r...
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SB 23-184 Landlords May No Longer Consider Credit Score On Some Applicants
By Marc Cunningham Friday, August 25, 2023
SB 23-184 Landlords May No Longer Consider Credit Score On Some Applicants Key points:No more credit score considerations: New Colorado legislation restricts landlords from using credit scores in some cases, redefining tenant evaluation norms.Security deposit and income limits: T...
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Colorado Landlords Must Now Accept Tenant-Provided Background Reports: SB23-1099
By Marc Cunningham Monday, July 24, 2023
Key Points:The new law becomes August 7, 2023The tenant can provide Portable Tenant Screening Reports to the landlordInability to follow correctly can result in up to $2,500 in fines, plus attorney feesSenate Bill 23-199, recently passed legislation in Colorado, will significantl...
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