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...

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 - Sunday, November 28, 2021

4 Lease Renewal Tips

Key Points:Turnover is your biggest expense, so it pays to treat your residents well.The number 1 reason tenants leave a property is due to poor quality maintenance.Be sure to stay current with costs and build in a rent increase regularly. The longest tenant we’ve ever had at Grace Property Management lived on the same property for 30 ye...

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 - Sunday, October 31, 2021

Inflation in Rental Real Estate

Key Points:Vendor and labor costs are increasing due to increased prices for things like appliances, capital improvements, parts and supplies.Anticipate inflation by adjusting your rent appropriately to cover greater expenses.Remember, rent can only be increased once every 12 months in Colorado In this video, Marc Cunningham discusses the current i...