Property Management Education

10 Words You Never Want to Hear from Your Tenant

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

Should I Rent My Investment Property Furnished?

System - Wednesday, March 29, 2017
{{ post.title }} A lot of property investors wonder if by furnishing their unit, they will generate more rental income. This blog covers three important considerations for investors weighing the option of renting their property furnished. More furnishings mean more liability. Put simply, if your renter gets hurt based on your furniture ...

7 Step Checklist for Finding (and Keeping) a Great Tenant

System - Tuesday, February 21, 2017
{{ post.title }} One of the most common questions we get from landlords is, “How should I qualify an applicant for my rental property?” After marketing the property and attracting prospective tenants, what areas should you look for to identify a quality tenant? A good tenant is someone who pays his or her rent on time and takes care o...

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