By Marc Cunningham - Thursday, July 22, 2021

HB21-1121: Rent increase restrictions for Landlords in Colorado

Key Points:New notification rules for landlords Only one rent increase allowed per year Increased time and expense to evict non-paying tenants Having just closed their 2021 session, the Colorado Legislature recently passed HB21-1121, which is titled “Concerning Protections for Residential Tenants Related to Actions by Landlords.” This b...

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...

By Marc Cunningham - Friday, July 16, 2021

The Top 6 Tax Deductions for Landlords

Landlords and real estate investors are eligible for several great tax advantages offered by the IRS. However, investment property owners are often unaware of some of the benefits available to them. In this post, we will cover the top 6 tax deductions for landlords to claim come tax season.6. Repairs Any repair you make to your investment property ...

By Marc Cunningham - Friday, July 16, 2021

Why You Should Never Charge a Pet Deposit

Rental property investors often come to us with questions regarding renting to tenants with pets. Landlords and even property managers can make the mistake of charging a separate pet deposit (in addition to the security deposit). However, separately defined pet-specific deposits are not in the best interest of the property owner or the tenant.Let&r...

By Marc Cunningham - Friday, July 16, 2021

Top 3 Colorado Cities for Real Estate Investors

Investors very frequently ask, “Where should I buy, and what areas should I stay away from?” The top three Colorado rental markets currently presenting the most opportunity for real estate investors are listed below. THORTON This Colorado city is experiencing high growth. Not only in residential property but also in retail gr...

By Marc Cunningham - Thursday, July 15, 2021

Pros & Cons of Investing in Subsidized Housing

Key Points:Determine your unique investment goals.Pros and Cons of investing in subsidized housing.Update for Properties in the City of Denver.What is subsidized housing and should you incorporate it into your investment strategy as an investor? Depending on your own unique investment goals, the answer may be yes. Subsidized housing, (often referre...

By Marc Cunningham - Tuesday, June 22, 2021

1031 Tax Exchange - Is 2021 your last chance to avoid taxes?

Key Points:History and purpose of the 1031 Tax Exchange.Potential changes to the 1031 Tax Exchange in the near future.Rent v. Sell Calculator and how it can help you make an informed decision on real estate investing options It is common for real estate investors to sell their rental property and purchase a different property, or upgrade their curr...

By Marc Cunningham - Tuesday, June 22, 2021

5 Advertising Essentials for Rentals

Key Points: The importance of advertising your property.Best practice in advertising your property.Knowing the best time to show your properties.Whether rental property investors choose to hire a property manager or self-manage their rental investment portfolio, it’s essential that your vacant property is being marketed effectively. There are...

By Marc Cunningham - Tuesday, June 22, 2021

10 Words You Never Want to Hear from Your Tenant

IN THIS BLOG:When is a pet considered a service animal?Are there cases when landlords can deny service animals?The three criteria tenants must meet to qualify for having a service animal on your property."I am getting a service animal, and it’s a turkey."While this may seem silly or unrealistic, the truth is that this is a true stor...

By Marc Cunningham - Monday, June 21, 2021

How to Pay Off Your Mortgage Faster

IN THIS BLOG:Why paying off the debt on your property is of such great advantage to you.What is compound interest and how can I leverage it to my benefit?How can I pay down my loan faster?One of the biggest factors of success for our clients has been "paid for real estate." You can use debt to amplify your returns, but income skyrockets l...