Stephen Pence is the Broker/Owner of Laramie Mindi Gray grew up in Salt Lake City, UT and Let us take it
Property Management Group and has been a moved to Laramie, WY in 2015. She has from here...
licensed real estate professional since 2013. worked in the management field for over 10
Stephen first caught the real estate bug in 2008 years and has been with Laramie Property Helping take the stress of owning
when he purchased a rental property while Management Group since April of 2016. She rental properties
attending the University of Wyoming. In 2011, has since fallen in love with real estate, and
Stephen graduated with his bachelor’s degree in plans on applying for her real estate license 307-742-8131
Civil Engineering, and moved to Vernal, UT to in early 2019 www.laramiepmg.com
pursue that career. It only took two years to She has two amazing children that she
realize that being behind a computer for 60+ enjoys spending quality time with when she is 269 N. 3rd Street
hours a week was not the life for him. When an not at the office. She really enjoys working Laramie, WY 82072
opportunity arose back in Laramie for him to and living in Laramie and looks forward to
apply his problem solving skills by being a watching her kids grow up in the community.
property manager, he jumped at the chance. (Office Manager)
Stephen received his broker’s license What does it mean to be great at Property
and started Laramie Property Management Management? There’s more to it than simply
Group in 2015. Since then, the company has collecting rent and the day-to-day work of
more than tripled in size and now offers listings ensuring properties are maintained and are in
and sales services. Stephen is a member of the good shape. You need to keep your tenants
Laramie Board of REALTORS® and is active in the happy by being accessible and
Laramie community in various service accommodating to their needs (within reason).
organizations. 2017 brought exciting changes You need to keep the Owners happy by helping
with the opportunity them keep their rentals occupied and their
to remodel the interior of the old Mentz Motor maintenance costs low. You need to do all that,
company building into a new 3000 square foot and more, in a landscape that can and will
office space. He loves living and working in this change very quickly.
community and is grateful to have been able to
remodel one of Laramie’s classic downtown
buildings to be Laramie Property Management
Group’s office for many years to come.
Why Choose Us? Lowering Costs Tenant Selection
Our mission at LPMG is basic. We strive to relieve This ties in directly with decreasing the cost of Sadly, there is no crystal ball when it comes
the stress of owning rental properties, grow the ownership. In addition to preventative to placing tenants. Our method has been very
asset's value, decrease the costs associated with maintenance, we also have working effective over the years, and it starts with the
ownership, and, ultimately, make the property relationships with several vendors in town which marketing strategy. We eliminate many poor
more profitable. has allowed us to cut costs on plumbing and tenants by finding them early. Beyond that,
HVAC costs. In addition, we have a sister each and every tenant is put through a
Stress Relief maintenance company that is available to thorough screening process. We perform
owners if they choose to use them which can credit checks, require 3 years of rental history
Most owners are familiar with the stress that handle most facets of construction. from every tenant, and we ALWAYS call the
comes along with late night phone calls, references. We also check criminal history and
frustrated or angry tenants, vendors not doing “They manage my rental property in Laramie. After sex offender databases, as well as an eviction
their job, or potentially all of these things at the leaving another management company it was a database. There have been countless times
same time. In an effort to relieve the stress of breath of fresh air how hard this company works for when potential tenants seemed great at the
ownership, we provide our owners a degree of me as an owner. It really eases the burden of owning showing, only to find out that they had been
separation from the tenants, contractors, and a rental when I live in another state. They address all lackluster tenants in the past. What a
maintenance personnel. We find and vet concerns promptly and quickly, and literally have had difference due diligence can make!
prospective tenants, handle all maintenance calls, an answer for every question I have had for them.”
(no more midnight calls about a plugged toilet, We’re Invested in Your Success
etc..) and coordinate any necessary repairs or Andy Wilson
improvements. We also track all of the costs While owning rental property can be
associated with ownership and provide end-of- Marketing lucrative, particularly in a college town where
year accounting (1099's, profit-loss and cash-flow a large number of renters are available to
statements), consolidating everything you need to Lastly, and perhaps most importantly, we are draw from, it is a stressful endeavor as well.
bring to the accountant into a neat package. aggressive in our rental strategy. We advertise You have to have a plan in place to deal with
early and often, and have found that in doing the realities of owning rental properties, such
Protection so, we are attracting the type of conscientious as middle-of-the-night client phone calls,
tenant that will take care of our properties. We maintenance concerns and marketing. Those
Real estate inherently appreciates, but only if advertise on dozens of websites in order to cast problems do not have to be yours with the
deferred maintenance doesn’t depreciate the as broad of a net as possible. Our online help of Laramie Property Management Group.
property quicker. LPMG is a firm believer in the presence allows tenants to search properties, Our system is helping many people both in
adage "a stitch in time saves nine". All of our apply, sign their lease, and eventually pay their Laramie and around the world achieve
tenants have access to our 24/7/365 rent online free of charge. financial savings and increased rent revenue.
maintenance hotline to ensure that we respond We keep our properties nice, which allows us
to the needs of the properties quickly. We have to find better tenants, charge more in rent,
streamlined the process for tenants to report ANY and keep the apartments rented, all of which
issue with the property, because fixing a leaking spell a more profitable investment. Let us take
p-trap is much easier and cheaper than it from here.
replacing a cabinet, sub-flooring, and the ceiling
of the basement apartment... you get the point.