Property Management Education

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...

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

System - Thursday, March 1, 2018
{{ post.title }} 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
{{ post.title }} 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
{{ post.title }} 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
{{ post.title }} 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
{{ post.title }} 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
{{ post.title }} 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...

Don’t Hire a Property Manager Until You Check These 6 Things

System - Thursday, October 26, 2017
{{ post.title }} If you’re a residential property investor preparing to hire a property manager, you should absolutely ask these six un-frequently asked questions. Even if you have a manager you’ve already hired, call them and ask these six things to ensure you’ve effectively vetted the company handling your rental assets. After all, yo...

5 Advertising Essentials for Rentals

System - Sunday, October 1, 2017
{{ post.title }} 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 ten...

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