Phoenix Arizona Rental Properties – 4 Tips for Successful Real Estate Investing

Phoenix Arizona Rental Properties

By Goldenwest Management

Are you thinking about getting started with investing in Phoenix Arizona Rental Properties?

Now is the right time to start investing in rental properties thanks to high demand for rentals and low mortgage interest rates nationwide.

Everyone from Robert Kiyosaki to Warren Buffet are advocates for Real Estate investing thanks to the steady cash flow you receive from your rental properties each month and the wide variety of other benefits which come from owning rentals like tax deductions and equity.

To get you started with Real Estate investing right here are our 4 tips for successful Real Estate Investing.

Tip #1 – Never Stop Educating Yourself

This tip is vital to follow because once you stop learning about Real Estate investing you won’t continue to see the same success that you’re enjoying when you’re learning about Real Estate investing.

Establish a set daily time for studying and following what other Real Estate investors are doing so you can stay ahead of other investors and even find great deals no matter what shape the economy is in.

Tip #2 – Set Clear Goals for Yourself

Once you get started with investing in Phoenix Arizona Rental Properties don’t get satisfied with just one property, set clear goals for yourself on how many properties you want to buy so your net worth will grow every year.

For example: one of your goals could be to save $20,000 and use that profit from your rental property to use as a down payment on one new Phoenix Arizona Rental each year.

Tip #3 – Don’t Speculate!

Although the market may be up, or down, NEVER speculate on where you think it’s going to go or speculate on what your short term gain will be if you purchase a new rental property in Arizona now.

Always use wisdom backed up by hard data when you’re investing because these are the two things which will ultimately contribute to your long term success as an investor.

Tip #4 – Always Invest For Cash Flow

When investing in a Phoenix Arizona Rental property your primary question should be “what is the cash flow I will get from this property” because cash flow is king and also the key to your success if you’re trying to build cash flow for your retirement.

Contact Goldenwest Management

To get started with investing in Phoenix Arizona Rental Properties contact Goldenwest Management today by calling us at (602) 765-4750 or click here to connect with us online.

3 Tips for Successfully Owning Las Vegas Rental Property

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By Goldenwest Management

Owning Las Vegas rental property is one of the best ways for building wealth and thanks to low mortgage interest rates combined with huge demand for rentals there’s never been a better time to purchase rental properties in Las Vegas than right now.

In this article we will offer you 3 tips for successfully owning Las Vegas Rental Property.

Tip #1 – Stay Committed To Learning

The real “secret” to owning Las Vegas rental property doesn’t just come from buying the property and renting it out, you must be committed to lifelong learning by reading books, connecting with other investors and purchasing courses so you can learn from and use to grow your portfolio of rental properties and keep long term tenants.

#2 – Create Your Own Policies, Then Stick with Them

This is by far one of the most difficult things for some owners to do because many owners will create policies for their Las Vegas rental properties then change them and ultimately start managing their rentals on the fly.

For example: you should create firm policies for when rent is due and how you expect to be paid then if a tenant pays late or they try to pay their rent by an unapproved payment method you should stick with your policy and tell them that it your policies apply to all tenants.

#3 – Produce a High Quality Product

It doesn’t matter if your rental property is in Las Vegas or elsewhere in Nevada, you must always produce a high quality rental property (product) because this also means when you offer a great product you can expect high quality tenants as well.

Contact Goldenwest Management, LLC

To learn more tips you can use for successfully owning Las Vegas rental property, or to speak with our team about the property management services we can offer you contact us today by clicking here or by calling (702) 685-7696.

San Diego Rental Properties – Is That Pitt Bull Classified As a “Service Dog”?

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Service dogs are being used more than ever before especially in rental properties across California, Nevada and Arizona and it’s not uncommon for landlords who own San Diego Rental Properties to encounter potential tenants who have Pitt Bulls who they say are their service animals.

Not All Service Dogs Are German Shepherds or Golden Retrievers

When it comes to service animals it’s sometimes easy to think only of Golden Retrievers and Golden Shepherds as service dogs when in reality Pitt Bulls make excellent service dogs and are often able to out-perform other dogs at common service dog tasks.

What Exactly Is A Service Dog?

Thanks to the ADA we know that they define a service dog as an animal who has been specifically trained to offer assistance to someone who has a disability.

Not Sure About A Service Dog? Here’s who to Contact

Although your first reaction may be to say “no way!” the reality is that thanks to the Americans with Disabilities Act you have to consider a tenant who has a Pitt Bull as their service animal.

You can also protect yourself if there are any attacks, damages or bites from the Pitt Bull at your San Diego Rental Properties by first confirming that the animal is indeed a service dog when you contact the National Service Animal Registry or the American Pitt Bull Registry to verify if the Pitt Bull is listed as a service animal with either of these organizations.

Don’t Forget To Contact The Former Landlord Too!

During your investigation you should also contact the former landlord of the prospective tenant to ask them about the Pitt Bull and ask them if they have a picture of the dog and any memories of how the animal behaved while living on their property.

Professional Management for Your San Diego Rental Properties

For more tips on how to manage your properties more efficiently, or to get property management service for your San Diego Rental Properties contact Goldenwest Management today by calling us at (858) 792-3442 or click here to connect with us online.