By Marc Cunningham - Tuesday, August 27, 2024

HB24-1318 Landlords Required To Pay For Property Modifications For Tenants With Disabilities

HB24-1318 Landlords Required To Pay For Tenant Disability Modifications To Rental Properties *Grace Property Management is not an attorney firm, and this is not legal advice. The below is simply our interpretation of some aspects of HB 24-1318. A legal professional should be consulted before relying on any of the below information. Colorado House ...

By Marc Cunningham - Saturday, February 24, 2024

$1MM Settlement Against Property Management Company Impacts All Colorado Real Estate Investors

$1MM Settlement Against Property Management Company Impacts All Colorado Real Estate Investors On January 9th, 2024, the Colorado Attorney General announced a $1 million settlement against a Colorado property management company. This is relevant to all real estate investors and landlords in Colorado and should serve as a reminder on the importance ...

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 - Sunday, November 28, 2021

4 Ways to Maximize Your Rental Income

Key Points:Vacancy is one of the biggest costs landlords face.Paying for utilities, though well intentioned, loses you money.Periodic, modest rent increases are expected.If you own rental property, it's probably safe to say your number one priority is maximizing the income generated from that property or portfolio. Here at Grace Property Manage...

By Marc Cunningham - Monday, November 22, 2021

Can I Leave My Lawnmower For My Tenant To Use?

Key Points:Landlords can be held liable for personal property left behind.Oftentimes, leaving behind personal property requires a lease amendment.Tenants likely cannot be held accountable for damage to the personal property you left behind.While it may seem like a bizarre question, the team at Grace Management knows the importance of addressing the...

By Marc Cunningham - Tuesday, August 31, 2021

Should You Own Your Rental Property in an LLC?

Key Points:Considerations for best form of ownershipWhat does an ownership entity do?What are my options for an ownership entity?Real estate investors are faced with many important decisions on how they will own and operate their rental properties, including the legal ownership structure of the property. Should you legally hold the property in your...

By Marc Cunningham - Friday, July 16, 2021

6 Questions to Consider Before Turning Your Home into a Rental Property

Our team at Grace Property Management talks to many homeowners who are weighing their options when it comes to converting their primary residence into a rental property or selling. It’s not an easy yes or no. Six questions to ask yourself when trying to decide:If I didn’t own this home today, would I buy it as a rental property? Th...