By Marc Cunningham - Saturday, July 30, 2022

Does a Property Manager need to be licensed In Colorado?

Key Points:Property Managers must be licensed in ColoradoProperty Managers must carry specific types of insuranceLandlords should confirm the license status of any property manager before working with themIf you are a real estate investor considering hiring a property manager to manage your home, is that manager required to be licensed in Colorado?...

By Marc Cunningham - Saturday, July 16, 2022

Can Tenants Pay Rent With a Credit Card?

Can Tenants Pay Rent By Credit Card In Colorado?A new Colorado Senate bill was recently passed (21-091) concerning limitations on credit card transactions. The purpose of this bill is to protect tenants in Colorado from being charged excessive convenience fees when paying their rent by credit card. Some landlords accept credit card payments an...

By Marc Cunningham - Friday, June 3, 2022

Does my Condo come with Insurance?

Key Points ● Many rental condominium investors do not have the correct property insurance● Homeowner Association insurance policy only provides very limited coverage to individual units within the community● We recommend 4 specific types of insurance coverage for investors who own condos or townhomes within an HOA If you own a condo or townho...

By Marc Cunningham - Saturday, April 30, 2022

How To Keep A Tenant For 20 Years

One of the biggest expenses for any real estate investor is tenant turnover. The ideal situation for your property is a VERY LONG TERM tenant. Is it realistic to expect that you could have a tenant stay and rent your property for 10 years? 20 years? 30 years? YES - that is possible! Grace Property Management has had many residents stay with us for ...

By Marc Cunningham - Monday, March 28, 2022

Cash for Keys

Key Points:If a tenant is not paying rent and refuses to move, a Cash for Keys offer from the landlord may be a good optionCash for Keys makes the most sense if the eviction process will be costly, if it will take a long period of time, or if your non-performing tenant refuses to moveFocus on the financial and practical outcome of the situationMore...

By Marc Cunningham - Sunday, February 27, 2022

Can I Increase Rent on my New Rental Property?

Key Points:When purchasing an occupied investment rental property, you must honor the current lease agreementAll real estate sales are “subject to” lease agreementsYou may only increase rent once in any 12 month period in Colorado for residential property We often talk to Denver real estate investors who have recently purchased occupied...

By Marc Cunningham - Tuesday, January 25, 2022

Do I have to rekey my rental properties between tenants?

Key Points:There is no legal requirement for landlords to rekey a rental property between tenants.Grace Property Management highly recommends rekeying based on practical, ethical, and liability concerns.Landlords often wonder about their legal obligation to change the locks on their rental property between tenants. Are you as a landlord required / ...

By Marc Cunningham - Monday, January 24, 2022

Five Reasons Denver Landlords Get Sued (And How to Avoid It!)

Key Points:The main reasons landlords are getting sued are as follows: incorrect security deposit returns, maintenance health issues, unenforceable terms of the lease / fees, violation of quiet enjoyment, unrealistic expectations.President Marc Cunningham discusses specific ways to avoid these 5 issues.It’s every landlord’s worst nightm...

By Marc Cunningham - Monday, January 24, 2022

How to Protest Colorado Property Taxes

Key Points:Property tax reassessments have remained relatively steady until recent years.It is possible to protest your property taxes, but it would apply to the following year.Colorado property taxes can be downright confusing at times. If you own property in Colorado, you may have recently received a notice of reevaluation of property taxes for t...

By Marc Cunningham - Sunday, January 23, 2022

Six Things Denver Landlords Need to Know About Service Animals

Key Points:There are three criteria that must be met for an animal to be considered a service animal.Pet policies do not apply for service animals.Additional fees or deposits do not apply for service animals.If you’ve been a Denver area real estate investor for any time, you may have received a request from your resident to allow a service an...