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How To Get Rid Of Bad Smells In An Apartment Unit

One of the most difficult things to do as a landlord is to get rid of bad smells from an apartment.

Ridding an apartment of a bad smell is important because, if you don’t get rid of that smell now, it could lead some prospective tenants to think that something is wrong with your property while they are touring it.

Yes, some smells can be frustrating to eliminate, but the good news is that it’s possible to get rid of bad smells if you follow these tips.

Air The Apartment Out

One of the best things that you can do as a landlord is to air out a smelly apartment.

Even though this is a simple solution, there may be ‘residual’ smells left from the previous tenant, that can be eliminated simply by airing the apartment out for the day.

Deep Clean The Apartment

Another helpful thing that you can do to get rid of a bad smell in an apartment is to deep clean the unit.

Start by wiping all hard surfaces down then hire a professional cleaning company to clean the flooring and window coverings.

It’s not uncommon for flooring and blinds to hold onto smells from the previous tenant that lived there so hiring a professional cleaning company is worth the investment.  

What To Do If The Smell Lingers

Let’s say that you aired the apartment out, and had it deep cleaned, but found that the unit still has a bad smell.

One more solution that you can use to eliminate that smell is to replace the flooring because it may be possible that the flooring has absorbed the smell and is responsible for the apartment continuing to smell bad even after you had it professionally cleaned.

Carpeting is especially ‘notorious’ for absorbing smells so if it’s been a while since you replaced it, you shouldn’t hesitate to replace the carpeting because it’s a proven way to eliminate bad smells and improve the look of an apartment as well.

Besides replacing carpeting, you should also consider replacing cabinetry in the apartment because it’s possible that the smell may have absorbed into the cabinetry, and you’re not going to eliminate it until the cabinets have been replaced.

Contact GoldenWest Management

Are you tired of DIY property management? If so, we can help!

At GoldenWest Management, we make owning rental properties easy because our property management team provides full-service property management so there’s nothing that you have to do yourself.

Imagine no longer having to deal with getting your property in rent-ready condition once a tenant leaves.

For more information 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.

The Five Hardest Parts Of Being A Landlord

Rental properties are great investments that generate monthly cash flow. They enable investors to build wealth, but they can require a lot of work.

Many investors make the mistake of thinking that they can be DIY landlords, or do everything themselves when it comes to managing their properties.

If you’re thinking about managing your rental properties yourself, this article will provide you with the five hardest parts of being a landlord.

#1 – Finding And Screening Quality Tenants

The first challenging part of being a landlord is finding and screening quality tenants.

Renting to quality tenants is important because this step is going to lead to you earning the most ROI from your rental property possible.

Once you start communicating with prospective tenants, the key to success with choosing the right tenant involves following these criteria:

  • They must have a good credit history and score
  • Their income must be solid. In most areas, a tenant is expected to earn 3X the monthly rent.
  • A prospective tenant should be able to pass your rental verification without anything coming up that could be cause for concern, such as a past eviction.

#2 – Managing Maintenance

After you find qualified tenants, the next difficult aspect of being a landlord is managing the maintenance of your rental property.

Staying on top of maintenance is important because, if you fall behind on maintenance or don’t keep your word to resolve maintenance problems, you may end up having an unhappy tenant. This tenant could potentially withhold rent until you resolve their maintenance issue.

As a landlord, you should have relationships with contractors in the area who you can call when you need maintenance or repairs at your rental property.

Besides having a vendor matrix, you should also have an infrastructure in place that will dispatch maintenance professionals immediately to resolve maintenance problems.

#3 – Staying Up To Date With State And Local Laws

Another hard part of self-managing rental properties is The laws are changing regularly for landlords. Today’s owners have to know what’s happening with issues like rent control, eviction moratoriums, and Fair Housing laws.

Keeping up with Federal, State, and local laws are important because failure to know the latest laws which affect landlords could easily result in you being sued by your tenants or fined by the local government.

#4 – Dealing With Non-Payment And Evictions

We’ve provided you with three challenging aspects of being a landlord but #4 is so far the most difficult.

When a tenant doesn’t pay rent on time, you have to know how to collect the rent and post the correct notices at the right times.

If a tenant continues to not pay their rent, you also have to be ready to take them through the eviction process. This can be another complicated process in itself, especially if you’re unfamiliar with evictions and have never gone through the eviction process with a tenant.

#5 – High Maintenance Tenants

Last, of all, a very hard part of being a landlord is dealing with high maintenance tenants.

High maintenance tenants are people who can require assistance at all hours of the day, night, weekends, or on holidays.

No landlord likes to deal with high maintenance tenants because they can take up all of a landlord’s time and energy.

Dealing with high maintenance tenants immediately is important because a problem tenant could lead to complaining neighbors, HOA rules violations, and other problems that may lead to the landlord having to evict the tenant.

What Is The Solution To The Problem?

Instead of having to deal with the hard parts of being a landlord, the solution is to hire a property management company.

With a professional property manager, you can have confidence that they will handle all aspects of your property including tenant selection, maintenance, rent collection, evictions, and staying up to date with local laws.

When you hire a property management company like GoldenWest Management, you can enjoy earning passive income from your rental properties while having peace of mind in knowing that your property is being managed by a professional.

Contact GoldenWest Management

At GoldenWest Management, we specialize in property management for San Diego, Arizona, and Nevada.

Having offices in three states gives us the ability to manage a wide variety of rental properties but we still treat every client like they are our only client.

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.

Short Term Vs. Long Term Rentals – Which One is More Profitable?

Are you planning on investing in rental properties for the first time? If so, you may be wondering if short-term or long-term rental properties are better.

In this article, we will answer this question and provide you with insight into which type of rental property you should invest in.

Understanding The Differences Between Short Term And Long-Term Rentals

Short Term Rentals – Over the last five years, the most popular short-term rental properties in the world have been Airbnb’s.

Although short term rentals have been very popular in recent years, more cities across the United States are starting to heavily regulate them.

Why?

Short term rentals have been cited as one reason for the reduction in rental inventory in cities like San Diego and Las Vegas. Plus, short term rental owners also pay less money in taxes compared to long term rental owners.

Short term rentals have been hit hard by the economic impacts of Covid-19. As the few remaining travelers seek out sterile environments, the appeal of staying in a short term rental has declined.

Will the short-term rental market return to where it was in 2019? Only time will tell. With a lack of a Covid-19 vaccine on the market, along with economic instability in the future, 2021 will likely be another difficult year for short term rental homes nationwide.

Long Term Rentals – In our opinion, long term rentals are a better investment property. They generate consistent income for the duration of the lease, are less time consuming to manage, the tenant pays for utilities, and there are fewer maintenance concerns due to wear and tear.

The United States is slowly transitioning into a nation of renters. This is a good reason to invest in long term rentals because people are always going to need a place to live. There’s nothing better for investors than to own an asset that’s always in demand.

Contact GoldenWest Management

At GoldenWest Management we specialize in full-service property management.

This means that we will save you the time, money, and hassle of managing your rental properties yourself.

Our property management team will assist you in advertising your property online, screening, and placing the most qualified tenants, maintenance, rent collection, customer service, and more!

To speak with us 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.

5 Affordable Rental Property Improvements

Are you thinking about making rental property improvements but feel like your budget is an issue and you don’t know where to start? If so, you’ve come to the right place!

We want to share with you five affordable rental property improvements that you can get done without having to spend a lot of money.

 #1 – Add Smart Home Technology

The first rental property Improvement that you should consider is adding smart home technology. This means that you should add a smart thermostat, doorbell camera, or smart refrigerator to your kitchen.

Why should you add smart home technology? The answer is simple: in today’s world, most people do everything through their mobile phones so it makes sense to make your rental property as tech-friendly as possible.

By adding at least one piece of smart home technology, you’re going to attract tech-friendly renters who use their smartphones for everything.

A bonus is once your tenants connect their smartphones to your properties’ smart appliances, they may be more inclined to renew. They will feel ‘connected’ to the rental property.

#2 – Add A Kitchen Backsplash

If you own a rental property, you should consider is adding a backsplash to the kitchen.

You can easily add a backsplash for under $100 without any specialized tools, making it a simple weekend DIY project.  This cost-effective rental property improvement is one that will allow you to maximize your rental profit.

You can tailor the design to the homes’ unique characteristics (such as a vintage building having a retro pattern), but it’s best to keep the color palette neutral. A neutral palette of gray, beige, or white allows plenty of room for tenants to let their furniture and accessories do the talking.

#3 – Epoxy The Garage Floor

If your rental property has a garage, you should consider applying a coat of epoxy to the garage floor. Epoxy does double duty by being a visually appealing aesthetic choice and also a protective seal on your floor.

Epoxy is a resin coating (not paint) which cures to form a dense layer on top of your garage’s concrete. It’s an easy do-it-yourself home upgrade that protects the floor from leaking vehicle fluids, scratches, and other wear and tear.

#4 – Paint The Walls

One of the easiest and most affordable rental property improvements is to paint the walls in your property. New paint will instantly help brighten up your rental property, making it look cleaner to potential renters. Just like with your kitchen backsplash, it’s best to keep walls a neutral color. This appeals to a wider scope of tenants because they can easily envision their furniture in the home. Taupe, light grey, and beige are all great choices. Avoid white, as it can be seen as cold and bland.

#5 – Add USB Outlets

Another rental property Improvement that you should consider making to your property is replacing basic electrical outlets with USB combination outlets.

Just about everyone these days has at least one portable electrical device like a smartphone, it makes sense to convert those old school electrical outlets in your rental property to USB outlets.

USB outlets enable your tenants to plug in their devices directly to the electrical outlet instead of needing a connector.

Contact GoldenWest Management

At GoldenWest Management, our goal is to provide every client with the best service and support possible so they feel like they are our only client. Our professional team is happy to provide recommendations on improving rental properties so they rent for the most competitive rate.

For more tips on things that you can do to improve the value of your rental property or to speak with us about our property management services, contact us today by clicking here.

2021 Rental Housing Market Forecast

With the end of 2020 fast approaching, most owners, investors and renters are eager to start thinking about the possible changes that we might see in the 2021 rental market.

In this article, we’ll discuss the 2021 rental housing market and provide you with insight into some of the things that you can expect to see from the rental market in the year to come.

Evictions

The big issue that is going to immediately affect both owners and tenants in 2021 is evictions. This concern has been unavoidable since the start of the pandemic as evictions have been continuously delayed into the future. By January 2021, the future will have arrived and landlords and tenants alike will have to handle evictions again.

Unless the federal government makes a big move to cancel evictions and foreclosures, we can expect to see evictions moving forward as normal by the first month of next year.

Outward Migration

After evictions, another big trend that we could see happening on a large scale in 2021 is outward migration. Outward migration is when large swathes of people leave a high-cost area in search of lower cost-of-living locations with more job opportunities.

While outward migration has been on property owners and managers’ radar for some time, the COVID pandemic has shed light additional light on the issue. As people’s routines and living situations are shaken up due to working-from-home or financial difficulties, they may be more inclined to seek new accommodations in cheaper areas.

Having more inward migration to relatively low-cost states such as Arizona and Nevada could mean that we may see rental property prices in cities like Phoenix and Las Vegas go up. As more people eagerly move to more affordable cities, the supply will dwindle. It’s likely this change to supply and demand will shake up the rental market.

Roommates May Become A Big Trend In 2021

Even though adults’ living together as roommates is by no means a new trend, co-habiting situations are looking to become increasingly popular in 2021. COVID-19 has dramatically changed the economic circumstances of many people across the United States, including renters.

As renters seek to lower their housing costs due to economic difficulties caused by COVID-19, we may see an increase of tenants across the United States embracing the roommate model.

More Rentals Will Go Contactless And Digital

More property management companies have used the pandemic as a reason to implement contactless and digital technologies for showing clients’ rental properties.

In 2021, it’s likely that more property management companies will be eager to implement advanced digital technologies, such as Rently self-showings. Services like Rently enable landlords to streamline the renting process while cutting down on the need for face-to-face contact, which can increase the number of rentals without also increasing the time spent on them.

At GoldenWest Management, we’ve been using the latest digital technologies to market and rent our client’s properties. This has also enabled us to do our part to slow spread of COVID-19 while responsibly renting out local properties to the most qualified tenants possible.

Contact GoldenWest Management

At GoldenWest Management, we specialize in full service, ‘boutique-style’ property management. This means we work hard to treat every customer like they are our only customer.

Our specialized approach to property management also guarantees that our team is going to be focused on helping our clients to see the highest return-on-investment from their rental properties possible.

To learn more about what you can expect from the rental market in 2021, or speak with us about our Property Management Services, contact us today by calling (866) 545-5303, or click here to connect with us through our website.

Arizona Eviction Moratorium Update

2020 has been a tough year for both landlords and tenants in Arizona because of COVID-19 and the subsequent Arizona eviction moratorium that has been active since March.

With the end of 2020 around the corner, many people are wondering what the latest information is on the eviction moratorium in Arizona, as well as what the rental market is going to look like once it’s finally allowed to expire?

Governor’s Ducey’s Eviction Moratorium Is Active Until 10/31

Governor Doug Ducey signed a 120-day eviction moratorium in late March to aid those affected by the COVID-19 pandemic. This eviction order was extended in July until October 31st, 2020.

In addition to Governor Ducey’s executive order (EO), the Center for Disease Control has issued a separate eviction moratorium. The CDC’s moratorium is supposed to protect tenants from eviction due to nonpayment through December 31st, 2020.

To qualify for the CDC’s eviction moratorium, tenants must not make more than $99,000 per year and sign a declaration stating that they are unable to make their rent payments due to a substantial loss of income. They must also pay at least 25% of their monthly rent each month.

It’s important to note both Governor Ducey’s and the CDC’s moratoriums both only protect evictions for those who meet the above criteria and would be evicted due to nonpayment. Evictions due to lease violations, damages, and causes other than nonpayment are all still valid.

Some landlords are challenging the eviction protections in place by taking their tenants to court in order to move forward with evicting them.

Some tenants are getting evicted for nonpayment if they are unable to complete the CDC declaration before the judgment is issued. In other cases, tenants are getting evicted if the landlord can prove that their tenant’s statement on the declaration was “materially inaccurate”.

What Can We Expect Until January 2021?

Governor Ducey’s eviction moratorium may likely be extended until January 2021, providing tenants with eviction protections through the end of the year.

The Governor likely doesn’t want to have mass rental evictions during the holidays. However, even with an extension to the moratorium, evictions will eventually have to be allowed to happen like normal.

Until the eviction moratoriums are ended permanently, we can expect to see more landlords challenge the Governor’s EO, along with the CDC eviction ban,

As of today, landlords, the Multi housing Association, and the Manufactured Housing Communities of Arizona are looking eager to overturn the Governor’s eviction moratorium. The general feeling is that the eviction moratorium is unconstitutional and violates an owner’s contracts with their renters.

In some cities, landlords are winning in the courts and evictions are increasing. This can be seen in Phoenix, where evictions jumped to 2,863 during September. This was an increase from 2,171 evictions in August and 1,768 evictions in July. (Source)

Most Landlords Expecting Foreclosure ‘Avalanche’

Even though evictions are climbing in Phoenix, many rental property owners have seen other Arizona courts decline to hear their eviction cases. Without being able to fill their properties with paying tenants, many landlords will struggle to make their mortgage payments. With little progress on evictions in Arizona, there is concern the state will see a foreclosure ‘avalanche’ in early 2021.

This foreclosure ‘avalanche’ could be damaging to the rental markets as a whole.

Contact GoldenWest Management

At GoldenWest Management, we manage rental properties in Arizona, Nevada, and California. This gives us a firsthand perspective on what’s happening in each of these rental markets.

Our company offers ‘boutique’ style property management. This means, regardless if we manage a large portfolio of investment properties or one rental property, each of our owner clients can count on us treating them like they are our only client.

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.

What Is Proposition 21? Learn More About California’s Latest Efforts To Expand Rent Control

Love it or hate it, rent control continues to be a ‘hot button’ issue in California, Lawmakers continue to push for full rent control across the state while most landlords oppose it.

California recently moved one step closer to full rent control, bypassing the 2019 Tenant Protection Act, a bill that limits rent control to 5 percent plus inflation for 10 years.

Most lawmakers felt that the bill doesn’t do enough to protect tenants. This is why they keep pushing for full rent control across the state.

A “yes” vote on Proposition 21 would allow local governments to enact rent control on housing that was first occupied over 15 years ago, with an exception for landlords who own no more than two homes with distinct titles or subdivided interests.

Will Voters Support Proposition 21?

The big question with Proposition 21 is: will voters support it? Especially since they overwhelmingly opposed Proposition 10, the last effort to enact full rent control across California, just two years ago?

As with 2018’s Prop 10, the biggest objection to Proposition 21 is that it will slow down the construction of new rental housing in California. Supporters of the measure feel now is the right time for full rent control across the state due to rising housing costs.

Voting no on Proposition 21 would continue to keep Costa Hawkins alive, continuing to prohibit rent control on housing that was first occupied after February 1, 1995, and housing units with distinct titles, such as single-family homes.

Why Does Proposition 21 Matter to Property Owners?

The main problem the State of California and other states face with their rental markets is a supply and demand issue.

More housing needs to be built across California to keep up with the demand. With single-family residential starts down 10% and multifamily construction down 6% from 2019, it’s likely that California will continue having a very competitive rental market for the coming years.

Proposition 21 affects homeowners just as much as tenants. Homeowners who rely on the income from their rental property can suffer financial strain without the ability to raise the rent by demand.

Contact GoldenWest Management

At GoldenWest Management, we stay on top of the latest information affecting the rental markets in California, Arizona, and Las Vegas specifically because we manage properties in each of these states.

Our company takes pride in providing our owner clients with boutique-style property management. This means that we treat every client like they are our only client and provide them with the personalized service that they deserve.

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

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.