
Grace Property Management & Real Estate
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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.
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.
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.
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.
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Company Details
2200 E 104th Ave UNIT 105, Thornton, CO 80233
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Years in Business
47 years
Founded Year
1978
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