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...

By Marc Cunningham - Saturday, January 1, 2022

Do I Have to Provide and Maintain Appliances in My Rental Property?

Landlords and rental property owners often reach out to our team with questions regarding appliances. Appliances can be a sticky subject, so we’re here to shed some light on whether or not you should provide them, what appliances we recommend providing and staying away from, and how to protect yourself when it comes to maintaining them. ...

By Marc Cunningham - Saturday, January 1, 2022

Can landlords refuse tenant money during a legal eviction process?

Key Points:The previously required 10 day wait period, during which landlords are required to accept delinquent payment from a tenant - has been extended.Landlords must now accept full payments from delinquent tenants throughout the entire eviction process.Landlords may continue to refuse partial payments.There has been an important change in the r...

By Marc Cunningham - Friday, December 31, 2021

Why Can’t I Fire My Property Management Company?!

Key Points:Make sure you know termination terms before hiring a property management company.Know your options in regards to wavier of termination penalties and agreements with no termination penalties.Make sure you are aware of the Eight most Important Parts of a Colorado Property Management Agreement.The team at Grace Property Management has ...

By Marc Cunningham - Monday, November 29, 2021

What Real Estate Investors Can Learn From Zillow Exiting The Home Flipping Business

Key Points:Zillow terminates their house flipping program.House flipping is not ‘easy’ and comes with unique risksThere are four main things to consider when purchasing a home with the intent to flip.Recently, Zillow decided to terminate their home buyer program. The company originally began this new venture as an automated house flippi...