$1MM Settlement Against Property Management Company Impacts All Colorado Real Estate Investors

Colorado Property Management company to pay $1 million, and end illegal tenant billing under agreement with Colorado Attorney General Phil Weiser.
All property management companies in Colorado must follow the legal requirements mentioned in the legal complaint.
Most issues deal with improper charges to tenants security deposits at the time of move out.
Visit the link below to read more and links to legal filed complaint agreement.
coag.gov/press-releases/four-...
Grace Property Management & Real Estate - serving real estate investors and residents since 1978.
Grace Property Management & Real Estate
2200 E 104th Ave Suite #105 Thornton, CO 80233, United States
303-255-1990
www.rentgrace.com/
#GracePropertyManagement #DenverPropertyManagement #ThortonPropertyManagement #DenverRealEstate #DenverRealEstateInvestors #ColoradoPropertyManagement #DenverLandlords #rent #newproperty

[@jaya.buerger-realtoremerit6840]

Thank you for sharing the information.

[@oceantiara]

I read the suit...the other thing they are still doing..that property mgmt is the RUBS...insane amounts for utility...read up on it.

[@deltauniformtangocharlieho2795]

I agree that some of these withholdings were incorrect or questionable but there were a few instances of subjective language used by the AG where they should have been more clear (perhaps they were more detailed in the 17 page ruling).