Westminster Property Management
What you need to know about Westminster property management and real estate investing
When you partner with a property management company you are literally handing them the keys to the front door of your real estate – BE CAUTIOUS!
There is only one Colorado property management company that offers:
- The integrity of a family owned business
- The professionalism of a team of experts
- The kindness of people who care
- The trust earned over 40 years
- The satisfaction of serving our community
- The peace of mind that you are working with the best
- The transparency of no hidden fees
- A relationship you can depend on
Property Management is not just our business - it is a relationship between us, our owner-clients and our tenant-residents. If these are important to you, then we may be a good fit to provide you, your property, and your tenant-resident with our award-winning property management service.
Have a Question?
Call 303-255-1990 or Contact Us Below
How We Help You As Your Westminster Property Manager
Effective marketing is a key to attract high quality applicants. We prepare a custom market analysis for each property we manage to determine the optimal rent to maximize your return on your investment.
Our custom in-house screening combines personalized processing and advanced data search technology to keep the bad tenants out and attract long term, high quality residents.
Lease Execution & Renewals
Our lease agreement is reviewed and approved by TS, a top Colorado landlord law firm. We operate in full compliance with fair housing, Colorado habitability, application screening, and right-to-cure laws.
We believe that if you do not get paid - then we should not get paid either. We work to ensure you get paid on time, every time.
Our 24/7 Repair Center is always open to protect your property around the clock. We have low, normal and urgent protocols to ensure cost control and pre-screen all of our vendors.
With our detailed financial reporting tools and secure online owner portal, you will have 24/7 online access to your financial information.
Eviction & Pet Protection
If a legal eviction becomes necessary WE will pay YOUR legal fees - yes you read that right – WE WILL PAY. AND... if a pet does damage to your property, WE will pay for that too!
Discover Why You Should Invest in Westminster Real Estate
Westminster 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 Westminster that offer newer and higher end housing. This attracts an economically diverse group of residents which creates stability in rental stock.
Rental rates are very high in Westminster due in large part to the great location which is close to Denver, but still offering affordable older houses for sales for both investors and home owners.
The biggest negative for owning investment real estate in Westminster is the city requirements and oversight of rental properties. The city of Westminster’s Rental Property Maintenance Code is a complex program that requires systematic inspections of rental properties, as well as licensing and registration of all rental units. This can be a burden to rental property owners. While well meaning, the program creates an unfriendly atmosphere for local investors. Investors should plan for additional expenses in registration and city required repairs that in our opinion can sometimes be excessive, needless, and burdensome.
We recommend investors look to neighboring cities such as Thornton or Northglenn which offer more business and landlord friendly policies.
Pros & Cons To Investing in Westminster Real Estate
- Future price appreciation
- Diversity in types of housing stock
- Close proximity to Denver
- Strong rental rates
- City required license and registration of all rental properties
- City required systematic inspections of rental properties
- Lower rated public education as compared to other cities
Overall Investment Rating: D
Westminster Investment Rental Property Fast Facts
Average Westminster Home Price
Average Westminster Household Income
Westminster Resident Median Age
Median Westminster Housing Rental Rates
Westminster County Rent Trends By Bedroom
Real Estate Appreciation Over Past 12 Months
Percentage of Westminster homes that are rental properties
Westminster Rental Trend Summary
Top 5 Westminster property management companies (listed alphabetically)
- Blue Sage Realty
- Colorado Management & Realty
- Grace Property Management
- Highland Realty
- Real Property Management
Why Partner With Us As Your Westminster Rental Property Manager?
These 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% of Rent Collected
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 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 Westminster rental applications.
The amount of money we guarantee you for pet damage or legal eviction expenses. If we approve and place a tenant in your Westminster 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 Day Guarantee
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.
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 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.
Grace Gives $15,500
The amount of money we have donated to our ‘Grace-Gives’ fund. 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.
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!
That’s not our Westminster 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!
Areas We Serve