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Denver Property Management

Denver Real Estate Investors: How much can you rent your home for?

FREE RENTAL ANALYSIS

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

What We Do As Your Westminster Property Manager

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

THE PROS

  • Future price appreciation
  • Diversity in types of housing stock
  • Close proximity to Denver
  • Strong rental rates

THE CONS

  • 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

$388,151

Average Westminster Household Income

$71,313

Westminster Resident Median Age

36

Median Westminster Housing Rental Rates

Westminster County Rent Trends By Bedroom

Real Estate Appreciation Over Past 12 Months

Up 2.9%

Percentage of Westminster homes that are rental properties

37%

Poverty Level

10.6%

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.

  1. 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.

  2. 72% Retention

    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!

  3. 12,750 Applications

    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.

  4. $1000 Guarantee

    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.

  5. 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.

  6. 1st Place

    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.

  7. 24 States

    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.

  8. 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.

  9. 9 Presidents

    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!

  10. 303-210-5744

    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!

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