Longmont Property Management

What you need to know about Longmont 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.

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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.

6

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!

1st

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.

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!

12,750

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 Denver rental applications.

24

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.

$1,000

The 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 days

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.

303-210-5744

That’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!

$8000

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.

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Real Estate Investors!

Click below to recieve a free rental quote or information on real estate investing.

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Pros and Cons of Investing in Longmont Real Estate

Longmont is a Northern Colorado community that benefits greatly from being close to Boulder. Longmont attracts residents from Boulder and those individuals looking for Boulder property management.

Rental rates have increased substantially over the past several years in Longmont. An investor is able to purchase older housing stock, or newer housing depending on their preference.

Longmont still has room to grow which is a good sign for the long term prospects of investing in the area. The city amenities are excellent and the local school system is improving.

THE PROS

Diverse real estate products
Close location to Boulder
Excellent community amenities

THE CONS

Lots of new multi-family class-A construction may be sign of overbuilding
CAP rate (investment rate of return) is lower than some other areas

Overall Longmont Real Estate Investment Rating:

B

Longmont Investment Rental Property Fast Facts:

Average Longmont Home Price

$474,761
Real Estate Appreciation Over Past 12 Months

Up 5.8%
Average Longmont Household Income

$60,661

Percentage of Longmont homes that are rental properties

38%
Longmont Resident Median Age

37
Poverty Level

15%

Median Longmont Housing Rental Rates
Longmont Rental Trend Summary
Boulder County Rent Trends By Bedroom
Top 5 Longmont property management companies
listed alphabetically
- Integrity Property Management
- Grace Property Management
- Longmont Property Group
- Phoenix Realty & Property Management
- PML Inc.