Property Management Education Blog

Why Can’t I Fire My Property Management Company?!

The team at Grace Property Management has been in the business of property management for over 40 years. We believe in providing our owners and tenants with the highest level of service possible, and we understand the value of a strong reputation. Unfortunately, there are a num...

Should I Use a Home Warranty Company for My Rental?

A common question we receive from real estate investors is, “Should I use a home warranty company for my rental property?” They want to know if home warranty companies help to save money or time when it comes to maintenance and repairs. In this blog, we will cover a ...

Can I Sell My Rental Property With Tenants Living There

­­ As with any asset, there may come a day that you as a landlord may want to sell one or more of your rental properties. A common question that arises when it comes time to sell is, “Can I sell my rental property with tenants still in place?” The simple is y...

Top 5 Lease Agreement Clauses

Whether you self-manage your rental property portfolio or rely on a third-party property manager to take on the task for you, there are a few critical clauses that should be included in your lease agreements. Below we detail what we’ve deemed the top five clauses that shoul...

How Much Should I Budget for Repairs?

New and experienced investors alike struggle to answer the question of how much money they should be budgeting for rental property repairs. To put into perspective just how challenging this can be, we looked to one of the largest publicly traded single-family investors, Amer...

How Often Should I Inspect My Rental Property?

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 th...

What Can I Charge to My Tenants Security Deposit?

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 ar...

Should You Own Your Rental Property in an LLC?

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 owne...

Why You Should Never Charge a Pet Deposit

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 be...
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