Blog

Let Us Help You Make 2020 Your Best Year Ever as An Owner

2020 is here and if you’re like most owners, you’re focused on setting goals and planning for the new year.

2020 is here and if you’re like most owners, you’re focused on setting goals and planning for the new year.

If you’re still managing your investment properties yourself, one of the very best things you can do is hire a property management company to professionally manage your portfolio of investment properties for you.

How we Can Help You Make 2020 Your Best Year Ever

At GoldenWest Management we specialize in full-service property management. Our company can save you the time, money and hassle of managing your properties yourself.

Some of the services that we can offer you include:

  • Property Marketing – We will list your company on all of the top rental sites online so that it will be found by the most qualified tenants.
  • Tenant Selection – Once your property starts receiving interest from tenants, we will select the most qualified applicants and place them in your investment property.
  • Customer Service – After a tenant is placed in your property you can count on us to handle all service calls from your tenant so you won’t have to worry about answering your phone at night, during weekends or holidays again.
  • Maintenance – From routine maintenance to bigger maintenance projects, you can count on us to also handle every aspect of maintenance at your property so you don’t have to work on projects yourself again.
  • Rent Collection – The key service that we can offer you is rent collection. Our company will collect the rent on time from your tenants each month and deposit it into your account. With our rent collection service, you can effectively eliminate the hassle with rent collection that you may have been experiencing in the past and this will effectively increase your monthly ROI.

Contact GoldenWest Management

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.

Merry Christmas From Your Friends At GoldenWest Management!

Hello! We hope that you and your family have a wonderful Christmas and a very happy New Year.

If you used GoldenWest Management in 2019 for your property management needs, we sincerely appreciate the opportunity to serve you and look forward to another productive year in 2020.

Origin Of Christmas

Christmas is an annual festival commemorating the birth of Jesus Christ, observed primarily on December 25 as a religious and cultural celebration among billions of people around the world. A feast central to the Christian liturgical year, it is preceded by the season of Advent or the Nativity Fast and initiates the season of Christmastide, which historically in the West lasts twelve days and culminates on Twelfth Night; in some traditions, Christmastide includes an octave. Christmas Day is a public holiday in many of the world’s nations, is celebrated religiously by a majority of Christians, as well as culturally by many non-Christians, and forms an integral part of the holiday season centered around it.

The traditional Christmas narrative, the Nativity of Jesus, delineated in the New Testament says that Jesus was born in Bethlehem, in accordance with messianic prophecies. When Joseph and Mary arrived in the city, the inn had no room and so they were offered a stable where the Christ Child was soon born, with angels proclaiming this news to shepherds who then further disseminated the information.

Although the month and date of Jesus’ birth are unknown, the church in the early fourth century fixed the date as December 25. This corresponds to the date of the winter solstice on the Roman calendar. Most Christians celebrate on December 25 in the Gregorian calendar, which has been adopted almost universally in the civil calendars used in countries throughout the world. However, part of the Eastern Christian Churches celebrates Christmas on December 25 of the older Julian calendar, which currently corresponds to January 7 in the Gregorian calendar. For Christians, believing that God came into the world in the form of man to atone for the sins of humanity, rather than knowing Jesus’ exact birth date, is considered to be the primary purpose in celebrating Christmas.

Source – Wikipedia

Contact GoldenWest Management

To learn more about the property management services we can offer you contact us by calling (866) 545-5303 or click here.

Could Rent Control Be Next for Nevada? Whoever Wins The 2020 Presidential Election May Decide

There’s no doubt that rent control is coming to California in 2020 since our state politicians and Governor Newsom have been pushing hard for it, but what about Nevada?

Rent control could soon be on the horizon, especially if politicians like Bernie Sanders have anything to say about it because recent statistics have shown that in September alone, rents were up by more than 2% in most metros across Nevada, including Las Vegas.

Is Nevada Starting to Feel the Pain of Rent Increases?

While the median rent in Las Vegas is still well below that of the nation’s median at $1,365, the more than 5 percent increase year-over-year had equaled almost a $70 increase from the same time last year when median rent was $1,297.

The only primary rental market was rising faster than the valley in Phoenix, which saw a 6.4 percent increase year-over-year.

Source

Most Democrat Politicians Favor Rent Control

Although the State of Nevada doesn’t currently have a rent control law in place, it’s likely we could see rent control in the coming year especially if a Democrat is elected President. Most Democrat candidates for President support rent control.

At a recent event in Las Vegas, Bernie Sanders stated his support for statewide rent control

“I don’t have to tell anyone here today that we have an affordable housing crisis in Nevada, Vermont and all over this country that must be addressed,” Sanders told about 100 people at Plumbers, Pipe fitters and Service Technicians Local 525. “This is a national emergency.” – Bernie Sanders

Contact GoldenWest Management

Want to protect your investment in 2020 and ensure that it’s renting for top dollar? Contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.

How to Save Money During Tenant Turnover

There’s no doubt that tenant turnover is a pain when you own rental properties because of the apparent reason that you’re going to have to cover the mortgage and expenses until you procure another tenant.

The good news is that it’s possible to save money during a tenant turnover if you follow these tips.

Change Every Light Bulb in Your Rental Property to An LED Bulb

Even though changing the light bulbs in your rental property may seem like a small thing, the reality is that changing light bulbs from traditional bulbs to LED bulbs can save you money on electricity costs while your property is vacant.

Besides saving money now, LED light bulbs will save you the hassle of having to change out old bulbs later because the average LED bulb can last for up to 25,000 hours (or more). This means that you won’t have to worry about your tenant potentially trying to change light bulbs themselves, and it will ensure that when a bulb burns out, you will be able to plan for having it replaced by maintenance professional.

Invest in A Master Key System

You may be used to changing locks every time a tenant moves out, but the reality is that that can be expensive over the years and a hassle. This is why you should invest in the master key system because with this system, there’s only one key, and it’s accessible to re-key locks if your next tenant loses their key.

Choose One Color and One Type of Paint

Instead of painting accent walls, or rooms in different colors, you should choose one type of paint for your rental property. This is a smart move to make because it’s going to save you time repainting the property after your tenant moves out and you won’t have to spend more money getting a specific brand of paint.

Ditch the Carpet

It’s true that most people like carpeting, but as a landlord carpeting, can be expensive since it can be costly to replace. The solution to this problem is to choose high-quality vinyl flooring or tile flooring because both types of flooring are mixed together; you will have flooring in your property that’s going to last for years to come.

Contact GoldenWest Management

To learn more tips for how you can save money during tenant turnover, or speak with us about our property management services, contact us today by calling (866) 545-5303 or connect with us online.

Tips for Getting Your Rental Property Ready for Winter

Winter is on its way and it doesn’t matter if you live in San Diego, Las Vegas or Phoenix (where we manage rentals), the weather is changing, and it’s important for landlords to be ready for the change in the weather by following these tips.

Tip #1 – Get Your Furnace or Fireplace Ready for Fall

Since most of us use our furnaces or fireplaces for only 4-5 months out of the year, it’s highly likely that your tenant hasn’t used theirs since the spring or winter. This is why you should hire an HVAC professional to check your rental property furnace, fireplace and ductwork to verify that they are all working properly.

Tip #2 – Check Doors and Windows

If you plan on inspecting your rental properties yourself you should also check the doors and windows on your rental property as well to make sure that their seals are still in proper working condition plus the locks on the doors and windows don’t need to be replaced.

Tip #3 – Clean the Gutters

In San Diego we get most of our rainfall between January and March of every year then for the remaining months of the year it’s pretty dry. The same is true for Phoenix and Las Vegas but this doesn’t mean that you should neglect the gutters on your investment property. You should have those checked this fall and cleaned (if needed) just so they are able to function properly when the rainy season arrives.

Tip #4 – Look for Cracks in Concrete

We all know that hot summer temperatures can cause concrete to crack, especially in Arizona and Nevada so another important thing that you should do during the fall is to fill the cracks in concrete walls or your property’s concrete slab. Doing this will help to protect your home from uninvited guests who might see those gaps in the concrete as a way to enter your property and call it home.

Contact GoldenWest Management

Another great thing that you can do to get your rental property ready for summer, especially if you’re managing it yourself, is to hire a property manager. Hiring a property management company will save you the time and money of managing your rental property yourself plus ensure that you’re getting the best ROI from your rental.

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

Is It The Landlords Responsibility to Provide Heat in Their Rental Property?

With winter quickly approaching, one of the top questions that tenants have across the United States is if landlords are required to provide heat in their rental properties. The answer to this question is yes.

Thanks to the Implied Warranty of Habitability, landlords are required to provide heat in their rental properties along with ensuring that their properties are warm, dry, pest-free, clean, and habitable.

Laws Vary State to State

Even though landlords in California are required to provide heat, in other states, the laws vary, and landlords are not required to produce warmth all year long. For example, in New York, landlords are required to provide heat in their rental properties only from the end of October through the end of May of the following year.

Tips for Getting Rental Properties Ready for Winter

Besides cleaning and tuning up their HVAC units, landlords should also do the following to make sure their properties are ready for winter:

Inspect – If the rental property hasn’t been inspected since the spring, an inspection should be scheduled because it’s also an excellent opportunity for the landlord to check the doors and windows on the multifamily rental property as well to make sure that their seals are in proper working order.

Clean the gutters – In San Diego, Phoenix and Las Vegas it’s possible to get a lot of rain during the winter and spring, this is why it’s a good idea for owners to have the gutters on their rental properties cleaned now so that those gutters will be ready for the rain when it comes.

Change batteries in smoke detectors – Fires can occur at a moment’s notice during the winter, especially when portable space heaters are used. This is why it is encouraged that tenants change the batteries in their smoke detectors and carbon monoxide detectors to confirm that they can do their jobs should smoke or carbon monoxide enter the rental. 

Contact GoldenWest Management

To learn more property management tips, 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.

GoldenWest Management
Investment Property Solutions
AZ LIC# CO583886000
CA LIC# 01791904
NV LIC# B1000408

Should You Ban Certain Dog Breeds from Your Rental Property? Yes

Thanks to the American Humane Society we know that roughly 60% of renters in the United States own pets and many of those pet owners also own dogs.

Choosing to allow pets is a personal decision that each owner has to make on their own but the reality is that when it comes to dogs, some dogs should be banned from a rental property because there are some dogs that are more aggressive than others.

Which Dogs Should Be Banned?

Pitt Bulls – Every year we see on the news that more people are being attacked by Pitt Bulls, especially in Southern California, because they are a very popular breed of dog.

Yes, not all Pitt Bulls are bad, but the reality is that this breed of dog can naturally be aggressive if it’s not trained properly, that’s why Pitt Bulls should be banned because not every owner is qualified to handle them.

The Pit Bull is still responsible for the most fatal attacks in the U.S. by far, killing 284 people over that 13-year period – 66 percent of total fatalities. That’s despite the breed accounting for just 6.5% of the total U.S. dog population. The Rottweiler came second with 45 fatal attacks recorded while the German Shepherd was third with 20.

German Shepherds – Although they are a very smart and loyal dog, German Shepherds should also be banned as well because like Pitt Bulls, a German Shepherd can easily become aggressive if it sees something as a threat.

Rottweilers – Even though this dog breed makes up just 7 percent of the dog population, Rottweilers should be banned as well because they can also become aggressive fast and you don’t want to face a lawsuit for allowing one of your tenants to have a Rottweiler in their rental property.

Should All Dogs Be Banned?

Thankfully, there is a diverse blend of smaller dogs that are very gentle and make excellent companions, especially in smaller homes.

Before allowing a small dog breed to live in your rental property you should first require proof that the dog has been trained and have renter’s insurance that specifically covers dog bites just so your tenant has insurance protection should a dog bite occur.

Contact GoldenWest Management

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.

 

GoldenWest Management
Investment Property Solutions
CA LIC# 071791904

How to Know When You’ve Hired A “Subpar” Property Manager

Did you recently hire a property manager to manage your portfolio of rental properties but now you’re starting to feel like it’s possible they may be a subpar property manager? If so, you’ve come to the right place!

In this article, we will provide you with a list of clues to follow that will help you to know if you’ve indeed hired a subpar property manager or not.

They Don’t Communicate with You

The first clue that you hired a subpar property manager is if they do not answer your attempts at communication with them.

Communication in today’s world is easy; there are so many ways to communicate with people so it’s impossible for a property management company to not have a multitude of communication options available at their fingertips for their renters or owner clients to reach them.

If your property manager is not communicating with you via phone, text, email, fax, or any of the multitude of other communication options available online, you should rethink your choice of a property manager because they may cost you time and money in the months to come.

Your Property Has Been Vacant for More Than 30 Days at A Time

Another clue that you’ve hired a subpar property manager is if your rental property has sat vacant for more than 30 days at a time. If this occurs, it’s definitely a good sign that your property manager is not doing their best work to rent your property as soon as they possibly can.

Their Fees Are Too High

So far, we’ve offered you very good points that you can use to verify that you hired a subpar property manager. If you’re still not sure if you hired a subpar property manager or not, another thing that you should look at is the property management company’s fees.

Specifically, the fee that you should be paying on a monthly basis should be no more than between 8 and 12% of the monthly rent. If you are being charged more than between 8 and 12% in fees, you should think twice about continuing your relationship with that property management company and consider choosing the services of another company to manage your rental property for you.

Learn More

To learn more about how you can know if you hired a subpar property manager, or to speak with us about the property management services that we can offer you, contact GoldenWest Management today by calling us at (866) 545-5303 or connect with us online.

 

 

GoldenWest Management
Investment Property Solutions
CA LIC# 071791904

AB 1482 Brings California One Step Closer To Rent Control

Proposition 10, the latest attempt at statewide rent control in California was defeated during the November 2018 election.

Sadly, the defeat of Prop 10 didn’t last for long since our elected officials immediately started 2019 with new measures to accomplish their goal of statewide rent control including AB 1482.

What Is AB 1482?

If it’s signed into law by Governor Gavin Newsom, AB 1482 will make it illegal for landlords and property owners in the State of California to raise rents here more than 7 percent plus the Consumer Price Index in one year.

The bill has been controversial from the start because opponents feel that it will stop investors and builders from wanting to build more housing in California while supporters of the bill feel that it gives landlords room enough to operate at a reasonable profit.

Will rent control help California? If history is any indicator of the results that come from rent control then the answer would be no.

California has a major housing shortage and ranks 49th out of all 50 States when it comes to per capita housing construction (2016 McKinsey Global Institute Report) so if AB 1482 is signed by the Governor this will only create another obstacle that will make it less desirable for builders to creating new housing in California.

Why Is Rent Control Bad for California?

There’s no denying that rents are high in California but having statewide rent control will only make maters worse because it’s going to be responsible for making the “Golden State” less desirable for real estate investors to build new housing here.

In 1999, just days before the world was going to end with Y2K, Forbes magazine published an article called “The Dumbest Ideas of the Century,” which included a list of the 10 worst economic ideas of the 20th century. Rent control was second on the list. “Here we have a policy initiative that has done huge damage to cities around the globe. It is very hard today to find an economist supporting rent control,” the article stated. Damage to cities, indeed, but damage to low- and middle-income renters most of all.

Source – Multifamily Executive

Contact GoldenWest Management

To learn more about AB 1482 and how it will affect California, 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.

 

GoldenWest Management
Investment Property Solutions
CA LIC# 071791904

Are Landlords Required to Provide Air Conditioning in San Diego?

If you own rental properties in San Diego or you think about renting a property in the area, you may be wondering if landlords are legally required to provide air conditioning in rental properties?

The answer to this question is no, landlords in San Diego are not legally required to provide air conditioning in rental properties but, if a rental property currently has an air conditioner installed, the landlord is required to maintain that air conditioner. (Source: Landlordology)

A Landlords First Requirement Is to Make Sure That the Rental Is Habitable 

In California, a landlord’s first responsibility is to make sure that their rental property is in “habitable condition”. This means that it must be pest free and have all the things that a typical home or rental property normally has including: running water, working electricity, a roof that doesn’t leak, and most important of all the property must be safe for the tenants live in.

If a landlord in San Diego has met these requirements, they can consider themselves to be following the law but, the reality is that most landlords do include air conditioning with their rental properties because in 2019 just about every tenant views air conditioning as a basic human right.

Although residents of Chula Vista, Oceanside or San Marcos may not use the air conditioners on a regular basis during the summer months, a resident of towns like El Cajon or Ramona will definitely be using their air conditioners a lot during the summer because temperatures in these towns can easily reach into the triple digits four consecutive days each summer.

Yes, it’s true, that landlords in California are not legally required to provide air conditioning in their rental properties but, there are some states where a landlord is legally required to provide air conditioning and the states include Nevada, Phoenix and some parts of Texas.

Contact GoldenWest Management

For more information regarding this issue, 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.

 

GoldenWest Management
Investment Property Solutions
CA LIC# 071791904