Broomfield Property Management
What you need to know about Broomfield property management and real estate investing
Are you considering partnering with Grace Property Management for the management of your Arvada rental property? If so, we have 10 numbers that will give you a glimpse into how we operate, and help you decide if we're a good fit for each other.
Percentage of rent due that we collect each month. This is due to a very tight applicant screening process, a time-tested internal collection process, and the fact that we have a full-time Director of Accounting (Jessica M) whose only job is to ensure our residents pay on-time each month.
The number of U.S. presidents that have served in office since we opened Grace Property Management for business in 1978. In 1978 Jimmy Carter was our President and the Bee Gees had the #1 song (Staying Alive!). When you hand us the keys to the front door of your property, you can feel confident knowing we’re going to be here today, tomorrow, and the next day after that!
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The ranking we received as the 2018 ‘Think Realty’ National Property Manager of the Year. Although we only operate in Colorado we are recognized nationwide as a leader in the property management industry.
The percentage of our tenants that renew their leases every year. This is important because turnover leads to vacancy – which is the biggest expense you could potentially have as a landlord. More lease renewals leads to less turnover, which results in fewer expenses for you!
The approximate number of rental applications we’ve processed. After looking at this number of credit and background reports, we know what to look for when it comes to processing Arvada rental applications.
The number of states in which we have taught property management continuing educational classes for state Realtor associations. We teach thousands of Realtors and property managers each year - helping to educate them on how to do property management better.
The amount of money we guarantee you for lost rent, pet damage or legal eviction expenses. If we approve and place a tenant in your Arvada rental property and we have to evict that tenant for non-payment of rent, we will pay up to $1,000 of lost rent or legal fees. We will also pay up to $1,000 in pet damage if we approve a pet who does damage. Click here for more details.
Although we hope to work together for many years to come, we don’t believe in long-term “forced” contracts. Rather we believe we should earn your business every single day. Should you ever find our services lacking, you can terminate our agreement with a simple 30-day notice; and with no termination fees or penalties.
That’s not our Arvada property management office phone number - it’s my (Marc Cunningham) personal cell number. If you ever have a problem as a client, you can call me directly. Just please don't call during dinner, my wife doesn't like that!
The amount of money we have donated to our ‘Grace-Gives’ fund over the last 12 months. We use this money to help responsible residents who encounter unexpected financial difficulties. For every lease we sign, we donate money into our ‘Grace-Gives’ account. We’ve been able to help many residents in time of need! Click here for details.
Pros and Cons of Owning Broomfield Investment Real Estate
We like Broomfield as an area for long term buy-and-hold properties!
Broomfield is an attractive place to live and it draws high income residents due to the high quality of local education, close proximity to both Denver, Boulder, and the Rocky Mountains, and many fast growing technology companies.
The amenities in the area include Flatirons Crossings mall, many local restaurants and shops.
The challenge for many people to buy into Broomfield is simply the higher price of housing. The Broomfield rental market is historically strong as most homes are owner occupied - which is exactly where you want to be as an investor!
This is an ideal market for converting your owner occupied home into a rental property and is also a very solid and stable location offering low risk, but also lower returns as compared to some other areas.
- Affluent Community
- Exceptionally ranked school system
- Major employers
- Lower than average crime rate
- Community amenities
- Lower than average appreciation rate
- CAP rate (investment rate of return) is lower than some other areas
- High real estate prices make housing affordability a challenge for many residents