By Marc Cunningham - Monday, February 6, 2023

Denver Rental Licensing Requirement (Update & New Rule)

Key PointsThis applies to all rental properties located in Denver County Licensing requirements starting January 1st, 2023New rule: Licensing numbers must show on all advertisements Last year Denver County passed a rental licensing requirement that must be followed by all Denver county rental investors. This licensing requirement applies...

By Marc Cunningham - Thursday, December 22, 2022

Colorado Rental Assistance Fund is Closed

Key points:Colorado Rental Assistance Fund is Closed as of November 15, 2022A total of $466 million was provided to tenants Denver, Larimer, and Boulder counties still have remaining funds Colorado renters that were financially impacted by COVID during the past 2 years were able to apply for rental assistance through the Colorado Rental...

By Marc Cunningham - Wednesday, November 23, 2022

Will Rents Increase in Denver in 2023?

Key PointsRental supply is not increasingRental demand is slowingRental rates may decline This is an ongoing question for both the Denver rental market and the entire Colorado market. As rents have continued to accelerate over the past years, 2023 has brought more questions about what will happen next. There are a few indicators that will help us f...

By Marc Cunningham - Thursday, October 20, 2022

I can't sell my house - what should I do?

Key PointsReal estate sales have slowed dramatically Some sellers are finding they are not able to sell because of a lack of buyer demandSome sellers are deciding to rent their homes, rather than sell Numerous homeowners in Colorado have attempted to sell their houses for weeks to months, but continue to face the ongoing issues of not ge...

By Marc Cunningham - Sunday, September 25, 2022

Denver Rental Licensing Program Update

Key Points The licensing program only applies to properties located in Denver CountyThere are two different deadlines dependent on your property typeA licensed inspector must inspect the property before the application can be madeThe Denver Rental Licensing Program is a newer required program for rental properties located in Denver County. It ...

By Marc Cunningham - Tuesday, August 30, 2022

Should I Self-Manage My Denver Rental Property?

Key Questions To Ask Yourself:Do I have time?Do I have the temperament to deal with tenants?Do I understand the legal requirements?Am I willing to give up some control?When real estate investors contact our office to get information about Denver Property Management, they are often deciding between hiring a professional property manager or self-mana...

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 ...