Property Management Education

3 Questions to Ask Before You Let a Repairman Into Your Rental Home

By System Tuesday, September 14, 2021

Key Points:Best way to screen a repairman or service companyThe importance of business liability and workman's comp insuranceThe benefit of a property management companyIf you are a self-managing rental property owner, it’s only a matter of time before you receive the d...

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Should You Own Your Rental Property in an LLC?

By Marc Cunningham Tuesday, August 31, 2021

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 s...

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Can Landlords Refuse Section 8 Housing in Colorado?

By Marc Cunningham Tuesday, August 31, 2021

Key Points:Landlords must accept Section 8 / government subsidized housing. Some landlords are exempt. Hair styles are now a protected tenant class under the CROWN Act.BILL HB20-1332In 2020, a change was made for Colorado landlords regarding what was previously known as Sect...

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HB21-1121: Rent increase restrictions for Landlords in Colorado

By Marc Cunningham Thursday, July 22, 2021

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 ...

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

By Marc Cunningham Friday, July 16, 2021

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 did...

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The Top 6 Tax Deductions for Landlords

By Marc Cunningham Friday, July 16, 2021

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 ...

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Why You Should Never Charge a Pet Deposit

By Marc Cunningham Friday, July 16, 2021

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 ...

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Top 3 Colorado Cities for Real Estate Investors

By Marc Cunningham Friday, July 16, 2021

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 experienci...

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Pros & Cons of Investing in Subsidized Housing

By Marc Cunningham Thursday, July 15, 2021

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 inves...

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

By Marc Cunningham Tuesday, June 22, 2021

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 re...

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