Northglenn Property Management
What you need to know about Northglenn property management and real estate investing
Are you considering partnering with Grace Property Management for the management of your Northglenn 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.
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 Northglenn 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 lost rent, pet damage or legal eviction expenses. If we approve and place a tenant in your Northglenn 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.
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 Northglenn 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!
$8,000
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.
Real Estate Investors:
Click to receive a free rental quote or info on real estate investing
Pros and Cons of Owning Northglenn Investment Real Estate
Northglenn is a landlocked suburb of Denver with a housing stock that is generally older, with little room to build new housing units.
This fact creates a buying opportunity for real estate investors to purchase investment properties in Northglenn that are on average 23% lower than prices in surrounding areas.
Northglenn is a blue collar working class area with lots of renters creating strong demand for rental homes. Northglenn has built new community amenities including retail and restaurants and is drawing renters into the area because of its affordability and yet close proximity to Denver.
Investors interested in Northglenn should either look for an updated property or plan on spending the money needed to update a property.
We are big fans of Northglenn as an investment area and manage a number of properties in the area.
Pros
- Lower than average home price presents buying opportunity
- Close proximity to Denver
- CAP rate (investment rate of return) is higher than some other areas
- Community amenities
Cons
- Older schools are rated lower than some other neighboring cities
- Most housing is older and there is very little new construction
- Crime rate is higher than in some other areas
Overall Northglenn Real Estate Investment Rating
A-
Northglenn Investment Rental Property Fast Facts:
- Average Northglenn Home Price: $338,828
- Real estate appreciation over past 12 months: Up 6.2%
- Average Northglenn Household Income: $63,609
- Percentage of Northglenn homes that are rental properties: 41%
- Northglenn Resident Median Age: 35
- Poverty Level: 13.6%
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Median Northglenn Housing Rental Rates
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Northglenn Rental Trend Summary
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Northglenn County Rent Trends By Bedroom
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Top 5 Northglenn property management companies
listed alphabetically
- Blue Sage Realty
- Dakota Property Management
- Grace Property Management
- James C Hill Real Estate
- Woodruff Property Management
Real Estate Investors:
Click to receive a free rental quote or info on real estate investing
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