Property Management Education Blog

The longest tenant we’ve ever had at Grace Property Management lived on the same property for 30 years! Not only did the tenant essentially pay the owner's mortgage off, but they saved the owner significantly on turnover and vacancy costs. Over that 30 year span, we di...

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...

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 ...

­­ 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...

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...

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...

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, ...

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...

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 t...

Real estate investors are faced with many important decisions on how they will own and operate their rental properties including the legal ownership structure of the property. Should you legally hold the property in your personal name, or should set up some type of ownership ent...