What are the top 5 Questions you should be asking when choosing a Property Management Company?

By GoldenWest Management

Are you planning on hiring a property manager to professionally manage your San Diego, Phoenix, or Las Vegas rental property? If so, there’s no denying that choosing a property manager can sometimes be an intimating process, especially if you’ve been managing those rental properties yourself, but thankfully you can hire a property management company with confidence if you ask them the following questions.

Question #1 – What Services Do You Offer?

This question is important to ask because you want to know that your property management company offers “full services” including rent collection, tenant screening, customer service, maintenance, and rental property marketing instead of just offering you one service.

Question #2 – How Many Properties Do You Manage?

Their answer to this question is also vital for you when choosing a property management company because if they are managing only a few rentals, this could be a sign that they are a newer company and don’t have the experience to professionally manage your rental property.

If they have too many rentals, this could be a sign that they might not have the staff to efficiently manage your properties and you should use caution before hiring them since you want to have confidence that they will have the staff to professionally manage one or all of your rental properties.

Question #3 – How Will You Determine the Correct Rent Amount for My Property?

Once you have confidence in their ability to manage your rental property you will next want to find out how they will determine the correct rent amount for your property.

Instead of hiring a property manager that suggests the highest rent possible for your rental property, you should choose a company that will do a comparable market of available rentals and properties that are currently on/off the market to determine the correct rent for your rental property.

Question #4 – Are You an Active Investor in The Local Real Estate Market?

Regardless if your rental property is located in San Diego, Las Vegas, or Phoenix, you also want to hire a property management company who has local market experts that are actively investing in the local Real Estate market. This will show you, their knowledge of the local market because they are invested in it themselves, and this means they will also offer you the best advice and service based on their professional experience.

Question #5 – What Are Your Management Fees and Or Pricing Options?

Last of all, but most important, don’t hesitate to ask them about their management fees and pricing options because the last thing you want to do is to choose a property management company that you like only to have the relationship ruined later on due to their excessive or hidden fees.

Get Property Management Here

For professional property management contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.

Real Talk Carmel Valley – GoldenWest Management Talks Property Management

Do you own rental properties in San Diego, Phoenix or Las Vegas? If so, you’ve come to the right place!

During a recent appearance on Real Talk Carmel Valley, both Yuri Jacobo and Jayson Yoss of GoldenWest Management were interviewed. They shared tips on why property management is important and discussed how professional property management can help both owners and tenants.

“Rent It Like You Mean It”

The show started out with both Yuri and Jayson talking about the GoldenWest Management mantra “rent it like you mean it”.

This strict philosophy means that GoldenWest Management team isn’t a Real Estate agency that also does property management on the side, “We are licensed agents who focus specifically on property management.

We professionally manage more than 1,000 rental properties in three states, staffed with local-market experts; but what does this mean to you if you’re an owner?

You can count on us to be experts in the local rental market, including landlord tenant laws, while also keeping our fiduciary responsibility to you- the owner.

At GoldenWest Management we like to think of ourselves as communicators and “problem solvers” who always has your best interests at heart. “In property management, we get to be part of the most important aspect of someone’s life.” “We tell people, ‘If you entrust us with your property, we are going to take care of you, because this is personal.”

Property management is important, especially when things don’t go well at a rental property because, instead of you having to do everything yourself, you can count on us to solve problems and help with complicated issues including the following:

Smiling young couple shaking hands with an insurance agent or investment adviser

Security Deposit Return

This is by far one of the top property management issues that both owners and tenants have to deal with at move out. At GoldenWest Management we make sure that the rental properties we manage are professionally cleaned and in “move-in ready “condition. The property is thoroughly documented so that when the tenant moves out there won’t be any dispute regarding the security deposit return disposition statement including how or why the funds were used.

Wear and Tear – With any rental property there must be a “threshold” for wear and tear, we encourage tenants to have their rentals professionally cleaned, and they should be able to provide receipts showing that they did their due diligence to leave the rental in similar condition or comparable to what it was at move in.

21 Days – As a professional property management company we have 21 days to return the security deposit to the tenant in the state of California. All deposits are returned with an itemized list of deductions and pictures of the damage just so the tenant is aware of why money was taken from their security deposit and what it was used for.

San Diego Property Management

Following California Habitability Standards

There’s no doubt that California is one of the top states with the most laws that protect the interests of the tenant but what are California Habitability standards?

California Civil Code section 1941 states that when a landlord rents property to a tenant as a place to live, the property must be in a “habitable” condition. (“Habitable” means fit to live in; “uninhabitable” means not fit to live in.) Section 1941 also states that the landlord must repair problems that make the property uninhabitable – except for problems caused by the tenant or the tenant’s guests, children or pets. In order for the property to be habitable, it must have all of the following:

Anytime there is an issue at one the properties we manage, tenants are encouraged to submit their repair requests immediately, they can count on us to get the problem fixed or resolved within 24-48 hours or make a “good faith effort” to make repairs and keep the rental property in habitable condition in accordance with state law.

This is another area where we save you time and money because instead of you driving out to your rental property to make repairs yourself, or spending hours on the phone coordinating with contractors and repair companies, you can count on GoldenWest Management to save you time while you have confidence that the repairs to your rental are made quickly and professionally.

Confident businesswoman who is ready for work

Learn More About GoldenWest Management

To learn more about GoldenWest Management or to speak with us about our property management services contact us today by calling (866) 545-5303 or click here to connect with us online.

Happy Labor Day From Your Friends At GoldenWest Management!

Happy Labor Day from your friends at GoldenWest Management! As a reminder our offices will be closed today and will reopen tomorrow on 9/5.

Labor Day in the United States is a public holiday celebrated on the first Monday in September. It honors the American labor movementand the contributions that workers have made to the strength, prosperity, laws and well-being of the country. It is the Monday of the long weekend known as Labor Day Weekend and it is considered the unofficial end of summer in the United States. The holiday is also a federal holiday.

Beginning in the late 19th century, as the trade union and labor movements grew, trade unionists proposed that a day be set aside to celebrate labor. “Labor Day” was promoted by the Central Labor Union and the Knights of Labor, which organized the first parade in New York City. In 1887, Oregon was the first state of the United States to make it an official public holiday. By the time it became an official federal holiday in 1894, thirty U.S. states officially celebrated Labor Day.

Canada’s Labour Day is also celebrated on the first Monday of September. More than 80 countries celebrate International Workers’ Dayon May 1 – the ancient European holiday of May Day – and several countries have chosen their own dates for Labour Day.

Source – Wikipedia

Get Property Management Here!

For professional property management contact GoldenWest Management at (866) 545-5303 or click here to connect with us online.