Lakewood Property Management
What you need to know about Lakewood property management and real estate investing
Are you considering partnering with Grace Property Management for the management of your Denver 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.
99%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.
6The 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!
1stThe 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.
72%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!
12,750The 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 Denver rental applications.
24The 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.
$1,000The amount of money we guarantee you for pet damage or legal eviction expenses. If we approve and place a tenant in your Denver rental property and we have to evict that tenant for non-payment of rent, we will pay up to $1,000 of 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.
30 daysAlthough 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.
303-210-5744That’s not our Denver 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!
$8000The 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 Investing in Lakewood Real Estate
The proximity to either downtown Denver (15-minutes) or the greatest outdoor music venue in the world, Red Rocks Amphitheater (10-minutes), will continue to rank Lakewood as one of the most desirable areas for Colorado renters and real estate investors.
Lakewood is a diverse community when it comes to types of housing. It has many older homes that do present good investment opportunities at fair CAP (investment rate of return) rates. In addition, there are many areas of Lakewood that also offer newer and higher end housing, along with numerous multi-family apartment communities. This attracts an economically diverse group of residents which creates stability in the rental market.
There is plenty of shopping and outdoor entertainment opportunities, and many growing businesses such as 1stBank, Comfort Dental, and Einstein Bros. Bagels are headquartered in the area.
We believe you should consider Lakewood as an investment opportunity as it still has room for price appreciation, is a low-risk real estate investment area, and offers a diverse housing stock.
- Easy access to Denver & the mountains
- Diversity in housing stock
- Strong job market
- Reasonable CAP (investment rate of return) rates
- Higher than average crime rates
- Lower rated public education as compared to other cities