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Happy Thanksgiving From GoldenWest Management!

Happy Thanksgiving from your friends at GoldenWest Management! We hope you have a wonderful day and are able to enjoy spending it with your friends, family members and loved ones.

About Thanksgiving

Thanksgiving Day is a national holiday celebrated in Canada, the United States, some of the Caribbean islands, and Liberia. It began as a day of giving thanks for the blessing of the harvest and of the preceding year. Similarly named festival holidays occur in Germanyand Japan. Thanksgiving is celebrated on the second Monday of October in Canada and on the fourth Thursday of November in the United States, and around the same part of the year in other places. Although Thanksgiving has historical roots in religious and cultural traditions, it has long been celebrated as a secular holiday as well. – Wikipedia

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Are you thinking about hiring a property manager for your rental properties? Contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online. 

How to Verify a Tenants Financial Stability

By GoldenWest Management

Finding great tenants is one thing, but how do you verify that those tenants are actually financially stable?

In this article, we will provide you with a list of documents you can request for verifying a potential tenant’s financial stability.

Request Copies Of Their Pay Stubs

All employer pay stubs will have a tenant’s pay begin and end date so you can easily figure out their income on a weekly, monthly, and annual basis.

After requesting copies of their pay stubs, you should also contact the employer personally and issue an employment verification request to confirm that the person who wants to rent your property actually still works there and continues to earn the income shown on their paycheck stubs.

New apartment building in suburban area

Ask for W2’s

Asking a prospective tenant to provide copies of their W2’s is especially helpful because it will show you how much income they have declared in the last year.

W2’s are also especially handy for verifying income if someone is self-employed.

Request Bank Statements

Besides asking for a prospective tenant’s paystubs, and W2’s, you should also be asking for their bank statements as well. They should be able to provide you with statements from at least the last two to three months.

File Form 4506 With the Internal Revenue Service

Another great way to verify a tenant’s financial stability is to file form 4506 with the IRS. This form will give you the ability to see a copy of a potential tenant’s tax returns if they are not able to provide you with a copy of their return themselves.

Young adults moving in new home

Run A Credit Check

Besides following all of the tips offered in this blog post, the last thing that you should do is run a credit check. This will give you the ability to learn a tenant’s credit score, amount of debt that they may have, and give you a good idea if they’ve been able to fulfill their financial obligations.

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Tired of managing your rental properties yourself? Contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us through our website.

Happy Veterans Day From GoldenWest Management!

SAN DIEGO, CA. – Veterans Day 2017 is here and once again the GoldenWest Management team wants to say thank you to all Veterans who have served our country.

On this special day we encourage everyone to stop and remember the sacrifice that all Veterans have made to keep our country free and safe for all of these years.

soldiers-military-attention-salute-40546

Veterans Day History 

An Act (52 Stat. 351; 5 U. S. Code, Sec. 87a) approved May 13, 1938, made the 11th of November in each year a legal holiday—a day to be dedicated to the cause of world peace and to be thereafter celebrated and known as “Armistice Day.” Armistice Day was primarily a day set aside to honor veterans of World War I, but in 1954, after World War II had required the greatest mobilization of soldiers, sailors, Marines and airmen in the Nation’s history; after American forces had fought aggression in Korea, the 83rd Congress, at the urging of the veterans service organizations, amended the Act of 1938 by striking out the word “Armistice” and inserting in its place the word “Veterans.” With the approval of this legislation (Public Law 380) on June 1, 1954, November 11th became a day to honor American veterans of all wars.

Later that same year, on October 8th, President Dwight D. Eisenhower issued the first “Veterans Day Proclamation” which stated: “In order to insure proper and widespread observance of this anniversary, all veterans, all veterans’ organizations, and the entire citizenry will wish to join hands in the common purpose. Toward this end, I am designating the Administrator of Veterans’ Affairs as Chairman of a Veterans Day National Committee, which shall include such other persons as the Chairman may select, and which will coordinate at the national level necessary planning for the observance. I am also requesting the heads of all departments and agencies of the Executive branch of the Government to assist the National Committee in every way possible.”

Click here to learn more about Veterans Day

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

Property Management Tips for Getting Your Rental Property Ready for Fall

By GoldenWest Management

Fall is here and although we still have temperatures in the 80’s and 90’s (especially in San Diego), it’s not uncommon for the weather to cool down fast, and for the leaves to start falling, seemingly overnight.

If you’re starting to think about for fall, especially cooler weather, this article will provide you with property management tips you can use to get your rental property ready for the coming month.

Tip #1 – Inspect the Roof of Your Rental Property

One of the first things you should do to get your rental ready for the fall and cooler weather is to inspect the roof because, it’s not uncommon for tree limbs, leaves, and other debris to have fallen on your roof during the year and you can avoid potential long term damage to your roof by removing that debris.

Tip #2 – Review Your Gutters

While you’re up on your roof, take the time to inspect the gutters on your rental property because they also can become clogged with leaves, dirt, and debris during the year. The easy way to clean them is to use a hose to wash out your gutters, or a hand shovel to scoop out any debris that remains in the gutters.

Tip #3 – Check Seals Around All Doors and Windows

During the year it’s not uncommon for the seal to wear away from doors and windows of a home. This often results in mold growth around doors and windows (if left unchecked) and also higher energy use. To avoid this happening to you, take the time to update the seals around doors and window now to ensure that they are functioning normally.

Tip #4 –  Verify That Fire and Carbon Monoxide Alarms Are Working

If it’s been a while since you’ve had the carbon monoxide alarm alarms inspected at your rental property, now would be a good time to have those checked just to ensure that they are functioning normally and have working batteries.

Tip #5 – Have the HVAC System Checked

Last of all, but most important, one of the final things that you should do before the weather changes is to have the HVAC system at your rental property checked because you want to make sure that it’s functioning 100% and will be ready to heat your rental just in time for cold weather.

Save Time and Money by Hiring GoldenWest Management

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

Tips for Getting Your Home Ready for Halloween

By GoldenWest Management

Are you planning on celebrating Halloween? If so, you can count on little “guests” coming to your home for candy but this can also be a night of accidents if the home isn’t prepared for those trick-or-treaters to arrive.

Thankfully, we’ve prepared a list of things that you can do to get your home ready for Halloween which include the following:

Clear A Path

The first thing you need to do to get your rental property ready for Halloween is to light a path to your front door and make sure that the path is free of any hazards or things adults and children could trip on.

Once the path is clear you should consider investing in portable solar power lights that will automatically turn on at night so the path will be lit and easy for anyone to see who may be coming up your driveway to the front door or walking up a path in your front yard.

Don’t Invest in Décor That Could Potentially Be Flammable

Although decorating for Halloween is fun, the reality is that it can also be potentially dangerous especially if you purchase décor that could potentially be flammable.

To avoid using a flame near your decorations consider using LED lights because they are very affordable and can be purchased from any dollar store.

Keep Your Dog Away for The Night

Last of all, but most important, if you own a dog it’s best to keep it locked away in the garage or a back room for the night just so you can protect little trick-or-treaters from potential dog bits and also ensure that your dog doesn’t get scared from guest’s outfits when they visit your home.

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

How do I conduct a move out an inspection of my rental property?

One of the most difficult things to do for some owners is to conduct a move out inspection of their rental properties because the former tenants may be asking the owner for their deposit return (like most tenants do) while the busy owner may also be searching for new tenants to rent their property to.

Thankfully, conducting a move out inspection can be easy for any owner especially if they follow the tips in this article.

move out inspection

What to Look for After a Tenant Moves Out

Besides inspecting the rental property to make sure that it’s been professionally cleaned after the tenant moves out, every owner should be looking for the following:

  • Unapproved changes or alterations to the rental
  • Weird or strange odors
  • Evidence of pets or smoking in the rental
  • Holes in the doors
  • Fleas or bug evidence
  • Burned out light bulbs or missing hardware
  • Missing blinds or window coverings

What to Do After the Move Out Inspection

After doing a move out inspection another important factor that you should consider is accessing the condition of the inside and outside of your rental property because now is a great time  to make repairs to your rental while it’s not occupied with tenants.

Exterior:

What is the condition of the paint and siding? Does it need to be cleaned or replaced?

Does the landscaping need to be cleaned up and/or replanted?

Are there any stains on the driveway or parking spaces which will need to be pressured washed?

Interior:

How is the condition of the doors and windows? Are they easy or difficult to use?

Are there any signs of mold in the rental property?

How is the condition of the bathrooms? Does the caulking around the toilets, sinks, and showers need to be replaced?

What condition is the flooring in? Has the carpets/flooring been professionally cleaned? Does the flooring need to be replaced?

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Tired of managing your rental properties and doing move out inspections yourself?

There’s no denying that property management takes time, especially when you add more rental properties to your portfolio, that’s why you should save time and money by investing in professional property management with GoldenWest Management.

At GoldenWest Management we will save you the time and hassle of doing things like a move out inspection so you can rest easy and have confidence that your rentals are being professionally managed by people who really care about your rental properties and tenants.

To learn more 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.

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.

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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

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

How important is communication for a client…It’s the most important.

By GoldenWest Management

One of the “keys to success” if you plan on owning rental properties is to be a great communicator with your Tenants. Communication has proven to be the #1 issue when it comes to renter satisfaction and retention.

If you have a problem with communicating with your renters, this article will provide you with tips you can use to improve the communication process so your tenants will feel like their needs are being met when it comes to them needing help or support at their rental properties.

Estate Agent Showing Empty Office Space To Clients

Tip #1 – Set Expectations Up Front

Everyone may have a different idea of what a “timely responses” looks like. This is why it’s important to tell clients/landlords/tenants who have vacancies up front what they should expect.

At GoldenWest, we strive to return every call and email within (1) business day. Obviously, emergencies (your home is flooding; your home is on fire, etc.…) will garner faster responses. But having a guideline will help keep heads cool as well as set the expectation.

Tip #2 – Use Technology to Make Yourself Available at All Hours

Although it’s common for some owners to give their renters their cell phone numbers you should prioritize communication with your tenants by giving them an email address to email all of their requests. We recommend to limit texting as it is not a formal method of communication and difficult to present or recall for evidentiary purposes.  

Many states require that you have a clearly listed phone number for emergency service. If you don’t use a call center, which means you (Landlord) are answering calls at all hours of the day or night. GoldenWest uses a live answering call center combined with on call managers to handle emergencies.

Client signing a real estate contract in real estate agency

Tip #3 – Document All Communication with Renters

Regardless if you receive an email, voicemail, or speak with a tenant in person, you should always document all communication with your tenants. After every important phone call, you should absolutely send a “per our conversation” email outlining the discussion and agreed upon actions. This is the best way to clarify if you and the Tenants are actually on the same page. It’s not surprising that many times after a phone call, both parties walk away with a totally different perspective on the conversation.

House sitting on calculator isolated on white

Tip #4 – Get Property Management

Why do you want to take that midnight phone call? Why do you want to be bombarded with texts and repair requests from Tenants? How do you handle complaints when you have to tell a Tenant “No” (example, “No I won’t replace the floors for you”)?

Hiring a licensed Property Manager will save you that time energy and headache. Your renters will always have someone to call or communicate with when it comes to repairs, rent collection, or any other issues at your rental property.

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