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 ...
Property Management Education
How to Pay Off Your Mortgage Faster
System - Sunday, October 1, 2017
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
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 ...
10 Words You Never Want to Hear from Your Tenant
System - Tuesday, August 29, 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...
Don’t Rent to Tenants with Credit Scores Under this Number
System - Friday, July 28, 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 impor...
The Top 6 Tax Deductions for Landlords
System - Friday, July 28, 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.
6. Repairs
...
Should I Offer My Tenant A Longer Term Lease?
System - Monday, June 26, 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 wit...
Do I Have to Allow Marijuana in My Colorado Rental Property?
System - Monday, June 26, 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 leas...
What’s the Better Investment? Real Estate or Stocks?
System - Friday, April 28, 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 tradi...
Condos vs Single-Family Homes: What's the better real estate investment?
System - Friday, April 28, 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 co...
What Kind of Insurance Do I Need on My Rental Property?
System - Wednesday, March 29, 2017
As a rental property owner, it’s imperative you have proper insurance in place to protect you and your assets. The two types of insurance coverage
you need are a Landlord’s Policy and an Umbrella Policy. This blog gives a brief overview of the provided coverage in each and explains why they're
vital for landlords to ...
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