California Eviction Relief Bill Extended Through January 31st, 2021

Governor Gavin Newsom recently signed new legislation extending the eviction ban in California through January 31st, 2021.

This move only delays evictions for a few more months as State and Federal lawmakers work hard to come up with a plan for how to deal with evictions and get the rental market in California back on track.

Most analysts see the Governors eviction moratorium extension as a ‘bridge’ to a more permanent solution. As evictions are not allowed to continue, many landlords across the State are suffering economically due to not being able to collect rent for months.

The good news about the Governor’s recent action is that even he agrees something needs to be done to help renters and landlords across the state and the nation. The big question is: what exactly can be done to help both parties at the same time?

How Will The New Eviction Ban Work?

Tenants who were not able to pay their rent from March 1st through August 31st must sign a document which states that they are unable to pay their rent due to financial hardship from COVID-19. Some tenants who earn over $100,000 annually would have to show proof of their financial hardship.

What’s different about this extension of the eviction ban is tenants who qualify for the eviction ban must still pay 25% of their rent. They cannot continue living in their rental properties without paying anything.

Sadly, Governor Newsom’s new eviction ban extension doesn’t delay foreclosures. Unless a landlord has signed up for mortgage deferral with their lender, they can expect their mortgage to end up in foreclosure if they remain unable to pay.

What Comes Next?

With State lawmakers not scheduled to return to work until January 2021, the first of the year will likely be the biggest month that we’ve seen in a long time. Lawmakers will be scrambling to come up with solutions to stop the eviction crisis while landlords seek evictions.

There is talk about creating a plan that offers tax credits to landlords who were paid just 25% of the rent. A similar plan failed to be approved this summer so it’s likely we may see a flurry of ideas being proposed in the greater Southern California rental market in the coming months.

Learn More About GoldenWest Management – Your Local Property Management Company

At GoldenWest Management, we stay on top of what’s happening with the rental market in California so our owner clients can have confidence we’re aware of all the issues that might affect their rental properties.

With locations in San Diego, Phoenix, and Las Vegas, we make it possible for owners to build a portfolio of rental properties while having confidence that they will receive the same level of service regardless of where their rental properties are located.

To learn more about the property management services that we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online. 

Rental Listing Scams – How Can Owners Protect Themselves?

Rental listing scams continue to flourish in 2020, especially thanks to websites like Craigslist where anybody can post anonymously. A scammer can live anywhere in the world and have the ability to scam anywhere in the United States.

How does a scammer create fake rental listings? They use websites like Zillow and Realtor.com to find legitimate properties for rent that have photos and property descriptions.

Scammers can then grab those photos of properties online and use them to make their property listing. They can also hijack legitimate rental listings, including the exact description, to create fake listings. These fake listings look real enough lure unsuspecting renters.

How Do Rental Listing Scams Work?

A typical scam rental listing will start by luring people to respond to the ad with the promise of rent that is less than the rent of comparable properties in the same area.

The scammer will tell the renter that they are out of town and encourage them to check out the property in person. If the renter views the property or responds that they are willing to see it sight unseen, the scammer will send over a realistic rental application and then arrange payment over wire transfer or another online payment service.

Once the payment has been sent, the scammer will never be been heard from again. The renter will usually show up at the rental property ready to start renting, only to realize after speaking with the real owner or manager of the property that they’ve been scammed. The ‘lease’ they signed with the scammer is worth nothing and their money is gone.

What’s The Best Way That Landlords Can Protect Themselves From Scams?

Owning a rental property has never been more difficult. There are a wide variety of responsibilities that require a landlord’s time and attention, not the least of which is watching out for scams based off your rental property

Thankfully, hiring a property management company can save owners the time, money, and hassle of managing their rental properties themselves while protecting those owners from scams.

Property managers will protect landlords from scams by adding their watermarks to photos of the rental property so that those photos can’t be used by anyone but the property management company.

The manager will also monitor rental property websites for fraudulent listings and notify the authorities if scam listings appear online. This way, the action is taken quickly to remove the fake listing and bring the scammer to justice if possible.

Owners who hire professional property management can have confidence in knowing that their property manager is looking after their best interests with the goal of screening and placing qualified tenants that will pay their rent consistently every month.

Contact GoldenWest Management

At GoldenWest Management, we take pride in providing personalized property management service and excellent support for all of our owner clients and tenants.

If you’re thinking about hiring a property management company, or you’re ready to get started with our services, contact us today by calling (866) 545-5303 or click here to connect with us online.

Property Management Tips – When Should You Allow Your Tenant To Break Their Lease?

Throughout the years you own rental properties in San Diego, Las Vegas, Phoenix, or elsewhere across the United States, you may encounter at least one tenant who wants to break their lease. There are several scenarios where a tenant may want to break their lease, including the following:

Military Orders

If you’re renting to tenants who are in the Military or the National Guard you must know they can easily be activated or transferred very quickly.

When a tenant has to break their lease due to military service, they will serve you or your professional property management company a 30-day notice to vacate. You are not able to charge them any separation fees for breaking the lease due to military service.

Job Transfer

Another scenario where your tenant may want to break their lease is if their job has been transferred out of state. A lease is a legal contract that almost always has stipulations in place if either party wants to break the contract early. For a tenant who wishes to vacate the property ahead of when the lease states, they will often need to pay a fee. This fee will be outlined in the lease between the tenant and your property management company and is typically due on the day the tenant vacates the property.

Job Loss

In 2020, many landlords who have houses for rent across the United States have had at least one tenant who has lost their job due to COVID-19.

Many local governments and the CDC on a federal level have implemented eviction moratoriums regarding tenants who are unable to pay their rent. This gives those individuals more time to find new employment or ways to pay rent.

Should a tenant wish to break their lease due to lack of employment, it’s your choice as a property owner to impose the lease breaking fee they’ve agreed to in their lease agreement.

Life-Changing Circumstances

Most local property management companies agree that during the years that you own rental properties, you may encounter at least one or more tenants who go through a life-changing circumstance.

It’s possible that you may have a tenant that gets diagnosed with cancer, loses the primary income earner in their family, or they may have to move quickly to avoid an abusive spouse.

In these situations, you should consult with the local laws in the area you live to ensure you’re within your legal right as a property owner to hold a tenant to their lease. Some states have laws allowing victims of domestic abuse to relocate without penalties, and the last thing you want to do is become party to a situation like that. Consider allowing these tenants to break their lease, with or without penalties.

Contact GoldenWest Management

At GoldenWest management, we specialize in ‘boutique style’ property management. This means that we offer excellent property management services to clients in everything from single family homes to multi-family properties such as boutique apartment complexes. We will save you the time, money, and hassle of managing your rental properties yourself.

To learn more about the Property Management Services that we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online.

Step By Step Guide For Renting Your House

Are you thinking about renting out your single-family home, condo, or apartment for the first time? Maybe you don’t know how to get started with renting your home? If so, you have come to the right place.

In this article, we will share with you a step-by-step guide for renting out your house for the most competitive rent possible.

Step #1 – Get Your Property In “Rent-Ready” Shape

The first thing you need to do before renting your house is get it ready for rent. This step is important because, if you lived in your property for any length of time, it’s going to need cleaning and preparation to get it rent-ready.

Some of the things that most rental property management companies agree should be done include the following:

  • Deep clean the property – this includes cleaning carpeting and flooring
  • Repainting your property both inside and out
  • Improving curb appeal with proper lawn maintenance
  • Removing junk, trash or debris from your property
  • Replacing outdated fixtures or appliances

Step #2 – Find Out How Much You Should Be Renting Your Property For

After you get your property ready for rent, the next thing that you should do is determine how much you should charge monthly. Thankfully, this can be done by doing some online research utilizing websites like rent.com, Zillow, Craigslist, or Facebook Marketplace.

Once you have an idea about the amount that you should be asking for rent every month, the next thing you should consider doing is to visit one or more comparable rental properties in your area.

A site visit will give you a good first-hand perspective of what other comparable rental properties in the area offer tenants.  This helps you know if there are any renovations or improvements that you should consider making to your property before you rent it out.

Step #3 – Hire A Residential Property Manager

Last of all, but arguably most important before you spend your hard-earned time, money, and effort attempting to manage your rental property yourself, you should consider hiring a property management company to manage it for you.

A property manager will make owning a rental property easy.We will take care of all your property management needs for you, including rent collection, so that there won’t be anything that you have to handle yourself. Say goodbye to maintenance requests, pest control woes, and HOA letters – we’ve got all those covered! You collect the rent without dealing with any of the rental annoyances when working with a professional property management company.

Get Residential Property Management Here – Contact GoldenWest Management

At GoldenWest Management, we take pride in being one of the West Coast’s premier property rental companies. Our team of residential property managers specializes in professional property management that saves owners time, money, and the hassle of managing their rental properties themselves.

Owning a rental property is great but it can be a lot of work if you plan on doing everything yourself.

Let us show you how we can help you simplify the process of owning a rental property so you can continue to enjoy the benefits that come from owning real estate without having to do all the work.

For more information about the property management services we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online.

Nevada Eviction Moratorium Extended 45 Days

Nevada Governor Steve Sisolak announced on Monday 8/31 that the statewide eviction moratorium has been extended for another 45 days.

The move came just in time as the previous eviction moratorium was slated to expire today, September 1st, 2020, at 12:01 am.

About The 45 Day Extension

With the Governor’s eviction moratorium extension also comes an increase of $10 million dollars in rental assistance as well that will enable counties to pay out financial assistance to landlords, fund unemployment claims, and mediation programs.

During his press conference on Monday, Governor Sisolak also stated that tenants who have been affected by the Coronavirus Pandemic still had an obligation to pay their rents.

Hopeful That Landlords And Tenants Will Work Together

Like other Governors across the United States, Sisolak is hopeful that both landlords and tenants will come together to work out rental payment arrangements so that tenants who are struggling financially can pay their landlords some of the money that they owe them.

The new alternative dispute resolution will certainly help landlords and tenants agree on back rent that’s owed before landlords choose to start the eviction process.

Governor Sisolak also empowered Nevada’s Supreme Court to waive its 60-day requirement for creating new rules for dispute resolutions. This is expected to streamline the dispute resolution process in the court system, and that’s a good thing, because once Nevada’s eviction moratorium expires for good, mass evictions are expected in Nevada.

California Also Extends Their Eviction Moratorium

Lawmakers in the State of California also extended their eviction moratorium through January 2021.

This new eviction moratorium (AB 3088) doesn’t give tenants a free ride of 5 months without having to pay their rents, California tenants have to pay 25% of their rents during this period and sign a document which states that they have been hurt financially during the Coronavirus pandemic.

Is Extending Eviction Bans Like Kicking The Can?

Extending Nevada and California’s eviction bans has been called “kicking the can” by many people because lawmakers continue to push back evictions for a few months when in reality the problem just gets worse with each eviction ban extension.

Like tenants in Nevada, California renters still have to pay back rent that they owe their landlords dating back to the start of the Pandemic.

Will tenants in either state be able to pay their landlords the back rent that they owe them?

Are small, ‘mom and pop’ landlords who have houses for rent in either state going to be able to survive for another 30 days or more without collecting money owed for rent?

The answers to these questions will only be known with time.

As with any other property manager in San Diego or Nevada, we’re hopeful that local economies will improve and eviction cliffs can be avoided because with fall and winter fast approaching, nobody in the United States wants to see more people living on the streets.

Get Boutique-Style Property Management From GoldenWest Management

At GoldenWest Management we specialize in ‘boutique-style’ property management. This means that we provide personalized service for all of our tenants so that each tenant feels like they are our only tenant.

If you need property management, or you’re tired of your current property manager and want a change, contact us today by calling (866) 545-5303 or click here to connect with us online.