How long of a lease term is recommended?

By GoldenWest Management

One of the most common things that landlords want to know especially if they are just getting started with owning rental properties is how long should their lease term be.

9-12 Months Is Best

For the best results and highest return on investment from your rental property, we recommend to every landlord that their leases range between nine and 12 months in length.

This is an optimal length for every lease because it guarantees that you will enjoy consistent cash flow from your rental property instead of being faced with having to renew your lease in another six months.

Terms To Include In Your Lease

Now that you know how long your lease should be the next big question is what should you include in your lease?

Here are a few terms to consider:

#1 – All Tenants Should Be Named – Knowing the names of every tenant who is living in your rental property is important because you want to know at all times who is living there. You also want to know who you can legally pursue should one of the tenants fail on their obligation to pay the rent.

#2 – There Must Be Limits on Occupancy – Another important thing to do when creating your lease is to place limits on occupancy. This means that only the adult tenants and their children should be living there and not friends or other relatives.

#3 – Define When and How Rent Should Be Paid – Last of all, your lease should define how and when rent should be paid.

As with any lease, this means that rent should be paid by the 1st of the month and will be considered late by the 3rd.

Your lease should also define acceptable forms of payment too like payment by check, credit card or online just to ensure that you offer your tenant multiple ways to pay the rent and don’t have to deal with excuses for why they cannot pay.

Source – Nolo.com

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.

Should I provide landscaping for my rental?

By GoldenWest Management

One of the top questions that most owners have is if they should provide landscaping at their rental property. The answer to this question is yes. Landscaping should be provided because every owner should want to keep their property in the best condition possible.

What Type of Landscaping Should You Choose?

When choosing to landscape your rental property it’s best to choose groundcover, plants, shrubs, trees, and bushes that will either stay green all year long or bloom annually.

Since we’ve had a major drought in California/Nevada and Arizona over the last 10 years, you should also consider planting landscaping that’s drought tolerant as well.

Besides being plants that help the environment, drought tolerant plants also are easy to maintain, don’t require a lot of watering and will stay green all year long while other plants will complete their life cycles and die out.

Who Is Responsible for Landscape Maintenance?

As an owner your #1 goal with landscaping should be to make maintenance as easy as possible.

You want to plant landscaping that’s hassle-free to maintain but if you do decide to have grass you should stipulate in your lease that it’s the tenant’s responsibility to mow the grass or hire someone to do it for you.

Ultimately, as an owner you cannot expect your tenant to always maintain the landscaping at your rental property. This is why it’s a smart choice to hire a professional landscaping company to keep the landscaping maintained and presentable.

Get Property Management Here

For professional property management in San Diego, Arizona or Las Vegas, contact GoldenWest Management at (866) 545-5303 or click here to connect with us online.

How long should it take to rent a home?

By GoldenWest Management

Are you planning on renting your home and are wondering how long it will take to rent it out? If so, you’ve come to the right place!

In this article, we will share with you information on how long it’s going to take for you to rent your property out and what you can expect from this process.

cartography, location and navigation concept - close up of map or city plan with pin

Location, Location, Location

Depending on the location of your home, and the demand for rental properties when you’re reading this article, it could take 30 days or longer to rent your home.

Location is obviously important because if your home is located near good schools, restaurants, shops, stores, entertainment options or amenities in your area, it’s going to rent faster than a home which may not be located in a desirable area.

If you’re not sure if your home is located in what can be considered to be a desirable area you should take the time to consider what’s nearby because, even though those things may be average to you, they may be highly desirable to a renter.

  • Is your home near public transportation?
  • In a good school district?
  • Near public parks?

Beautiful New Custom Living Room Interior.

Price

Your home may be in a great location but did you set the correct market rent? If not, you risk having your rental home stand out like an eye sore because it’s going to be overpriced when compared to what other properties may be renting for nearby.

To verify that you have set the correct market rent it’s best to check other rentals nearby to confirm what they are renting for. You can do this by using websites like rent.com or Craigslist.org to get a good idea of the rent a landlord may be asking for a rental property in the area.

A row of colorful new townhouses or condominiums.

Condition

What condition is your home in? If it’s not been maintained in some time and has dirty floors or walls that haven’t been painted in years, the condition of your home may keep it on the rental market for longer than you expect.

Instead of renting your home “as is” it’s best to work hard on improving the condition of your property before you list it for rent because this will also help your property to rent fast.

tenant

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.