Property Management Education

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...

How to Pay Off Your Mortgage Faster

System - Sunday, October 1, 2017
{{ post.title }} As a rental property owner, if you used leverage to buy, your goal is to pay the property off as quickly as possible. When a property is owned free and clear, that’s when it can really become profitable. In this blog, we will give a real-world example of how paying down your principal can help you pay off your mortgage ...

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

System - Tuesday, August 29, 2017
{{ post.title }} 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 ...

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