Grand Junction vs Nearby Cities
Grand Junction sits close to Colorado’s western border and is surrounded by beautiful national forests. This remote town doesn’t have many nearby cities and boasts affordable housing prices in addition to homes with scenic mountain views. The median listing price can get close to $250,000 at times, and the median home value is around $200,000.
These prices are similar to those found in smaller surrounding cities, including Delta about 40 miles to the south. Clifton offers slightly more affordable prices with a median listing price that often falls below $200,000. There are some nearby towns that command higher real estate prices. For instance, the median home price in Fruita is often around $300,000. Renters can expect to pay a median of $1,200 per month in this region of Colorado.
Grand Junction Property Managers
Property managers serve as legal representatives of property owners and real estate investors. They typically handle all direct communications with tenants, including processing evictions and screening potential tenants. Managers are often real estate professionals capable of setting rental rates, creating lease agreements and ensuring that the property abides by all landlord-tenant laws.
Grand Junction Property Management Company Fees
Property managers are often compensated a percentage of the gross rent collected from all managed rental units. The average rate is often around 10 percent, but some property owners are charged as little as six percent or as much as 15 percent. The rate is typically negotiated to meet the needs of each client.
Colorado Landlord/Tenant Laws
- If a tenant is forced to vacate a rental property early due to hazardous conditions, the landlord may have less than one month to return the security deposit.
- When a tenant disputes deductions taken from a security deposit, they may file a lawsuit against the landlord worth up to $7,500.