Grace Property Management & Real Estate
Quick summary
Grace Property Management & Real Estate is a property management company based in Thornton, CO. They serve 28 surrounding markets. They are ranked #17 nationally. They manage 1,500+ units. They have 47+ years of experience.
Company Overview
Grace Property Management is a recognized property management expert in Colorado. In addition to managing over 1,200 rental homes we teach state approved Continuing Education to the real estate community, we serve as a resource for the state division of real estate, and we provide expert legal witness work and testimony on behalf of real estate investors. We believe that when property management is performed with integrity and transparency, it benefits both real estate investors and residents.
Service area map
Area: smoothed merge of ~5 mi buffers (≈2 mi gap close). Dots: each ZIP centroid (darker = primary). Illustrative only. © Mapbox © OpenStreetMap
Certifications
Lease Renewal Expert
This company has verified its lease renewal rate for all leases that came up for renewal in the last 90 days, counting new lease terms, month-to-month conversions, and continuing month-to-month tenants as renewals. Higher verified renewal rates earn higher certification tiers.
Rental Price Accuracy
This company has verified that the rents it achieves track market rates, benchmarked against independent market data across its occupied portfolio. Tighter verified pricing earns higher certification tiers.
Occupancy Rate
This company has verified the occupancy rate of its actively managed portfolio: occupied units as a share of all actively managed residential units, measured as a current snapshot. Higher verified occupancy earns higher certification tiers.
Customer Reviews & Ratings
Based on 679 reviews
Better Business Bureau
BBB and Yelp ratings are influenced by ads or paid accreditation. They are still shown for transparency but don't affect TrueMatch™ score.
Frequently Asked Questions
How easy is it to cancel the property management agreement?
Grace Property Management offers a true month to month agreement with no termination fees or penalties. We believe we should earn your business every day, and you should have the flexibility to make a change if you ever feel it is necessary.
How much money does an owner need to place in reserves?
We collect a $600 escrow reserve at the time you sign your property management agreement. These funds remain your money and are held in our trust account specifically for your property. The reserve is used to cover expenses that may arise between owner disbursements and tenant rent collection. When management ends, any remaining reserve funds are returned to you.
Do I pay a management fee if my property is vacant?
No. Our management fee is a percentage of the rent we actually collect. If the property is vacant or no rent is collected, there is no management fee.
Who handles maintenance?
We handle all maintenance requests on your behalf, including after hours emergencies. We work with pre screened, high quality vendors who provide fair pricing and reliable service. Our goal is to protect your asset while minimizing disruption to residents.
How do I receive my funds each month?
We close out the accounting cycle and process owner disbursements via ACH direct deposit on the 10th of each month.
Do you provide a tenant placement guarantee?
Yes. If a tenant we place breaks their lease within the first 12 months, we will find a replacement tenant at no additional leasing fee.
Do you provide an eviction guarantee?
Yes. If an eviction occurs due to tenant default, we will cover up to $1,000 in eviction related legal fees. Our screening process is designed to significantly reduce this risk.
Do you manage furnished or short term rentals?
No. We specialize exclusively in long term residential rentals and do not manage furnished properties or short term rental arrangements.
Frequently Asked Questions
How easy is it to cancel the property management agreement?
Grace Property Management offers a true month to month agreement with no termination fees or penalties. We believe we should earn your business every day, and you should have the flexibility to make a change if you ever feel it is necessary.
How much money does an owner need to place in reserves?
We collect a $600 escrow reserve at the time you sign your property management agreement. These funds remain your money and are held in our trust account specifically for your property. The reserve is used to cover expenses that may arise between owner disbursements and tenant rent collection. When management ends, any remaining reserve funds are returned to you.
Do I pay a management fee if my property is vacant?
No. Our management fee is a percentage of the rent we actually collect. If the property is vacant or no rent is collected, there is no management fee.
Who handles maintenance?
We handle all maintenance requests on your behalf, including after hours emergencies. We work with pre screened, high quality vendors who provide fair pricing and reliable service. Our goal is to protect your asset while minimizing disruption to residents.
How do I receive my funds each month?
We close out the accounting cycle and process owner disbursements via ACH direct deposit on the 10th of each month.
Do you provide a tenant placement guarantee?
Yes. If a tenant we place breaks their lease within the first 12 months, we will find a replacement tenant at no additional leasing fee.
Do you provide an eviction guarantee?
Yes. If an eviction occurs due to tenant default, we will cover up to $1,000 in eviction related legal fees. Our screening process is designed to significantly reduce this risk.
Do you manage furnished or short term rentals?
No. We specialize exclusively in long term residential rentals and do not manage furnished properties or short term rental arrangements.