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What to Do When A Tenant Wants to Terminate Their Lease Early

Over the years that you own an investment property in Las Vegas, Phoenix or San Diego, you may encounter at least one tenant who wants to break their lease early. This is to be expected because there are a variety of reasons why a tenant may need to break their lease while they are renting from you.

Before falling back on your lease, or penalizing your tenant for wanting to terminate early, there are a variety of things that you should consider before responding to your tenant’s request to terminate their lease.

Find Out Why They Want to Terminate Their Lease

Although it’s natural for any landlord to want to take the hardline approach with their tenant regarding their desire to terminate their lease, the reality is that there are a variety of things that you should take into consideration regarding your tenant’s reason for them wanting to break their lease

Military Deployment – The first reason why you should be willing to let your tenant terminate their lease early as if they’re in the military and deployed. Since 9/11, our military has had to work harder than ever before so it makes sense to be compassionate with a member of the Armed Forces if they tell you that the reason why they have to break their lease is that they’ve been deployed.

Domestic Violence – Another excellent reason to let your tenant out of their lease is If they’ve been the victim of domestic violence. This is an important thing to consider because, even if the state where your rental property is located doesn’t have any specific laws on the books protecting victims of domestic violence, you should seriously consider letting them out of their lease especially if their safety is at stake.

Job Loss – Let’s say that your tenant has informed you that they’ve lost their job and are unable to find another job in the city or town where your investment property is located. In this situation, you should also consider showing compassion and be willing to let them terminate their lease rather than forcing them to fulfill the remaining months that they may have left with you.

Some of the other reasons to consider letting your tenant terminate their lease include if the property that they’re renting from you is uninhabitable.

In cases where you may have inadvertently violated your tenants’ rights by entering the rental property without providing them with a 24-hour notice to enter, your tenant is to provide you with a written warning telling you that you must stop coming around the rental property unannounced.

If you continue showing up unannounced, they have every right to terminate their lease without having to worry about dealing with repercussions from you.

Contact GoldenWest Management

To learn more tips about how to deal with tenants who may be trying to terminate their leases, 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.

Disaster Preparedness Tips for Renters

Are you ready for a disaster?

This is something that no renter ever wants to be asked but the reality is that a disaster like a fire, earthquake, or man-made disaster can occur at any moment.

If your home isn’t prepared for a disaster, this article will offer you tips that you can use to get yourself and your family ready for a disaster.

Tip #1 – Get Your Insurance Paperwork Ready

This tip is important because, insurance paperwork is something that just about everyone, including renters, has a hard time finding when they need to find it quickly.

You should invest in a fireproof box or choose a central location in your property where you intend on storing all of your important paperwork including your renter’s insurance, life insurance, health insurance, and auto insurance policy.

Let’s say that you don’t want to store all of your insurance documents in your rental property, no problem.

One option that you may want to consider is storing each of your insurance documents online by uploading those documents to a cloud storage drive. Some of the most common solutions for online storage include Dropbox or Google Drive.

Tip #2 – Have an Emergency Evacuation Plan in Place

Regardless if it’s a fire, flood, or another type of disaster, the next thing that you should do is have an emergency evacuation plan in place.

This plan should include a document which shows were every exit in your rental property is located so that regardless if it’s a single-family home that you’re renting, apartment, condo, or town home, you and the other members of your family will know how to exit the rental property safely at a moment’s notice.

Besides having an emergency evacuation plan in place, you should also create a plan for you and other members of your family to follow just in case can you become separated if an emergency or disaster were to occur.

Knowing where each member of your family will go in the event of an emergency will give you peace of mind knowing that you can easily reconnect with other members of your family should you be unable to contact or communicate with them after a disaster.

Tip #3 – Create A Disaster Preparedness Kit

Last of all, but most important, another thing that you should do to prepare for disaster or emergency is to create a disaster preparedness kit. This kit should include common household items that you would need to use after an emergency has occurred especially if the power, sewer, or other utilities are shut off for any length of time.

Some of the items that you should consider adding to your disaster preparedness kit should include batteries, candles, matches, water, canned food, toilet paper a first aid kit and anything else that you would need to use to get you through a brief period of time following a disaster or emergency in your city or town.

Contact GoldenWest Management

To learn more about the things that you need to do to be prepared for disaster, 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.

Property Management Tips – What to Do When Your Tenant Abandons Their Property

There’s no doubt that owning rental properties can be an adventure, especially when your tenant abandons or leaves property behind after they move out. If this has happened to you recently, here are several tips you can use for dealing with their abandoned property.

Tip #1 – Determine That the Tenant Has Moved Out

Before taking steps to deal with your tenant’s abandoned property, you should make every effort to determine that they have moved out.

Obviously, if the tenant gave you a 30-day notice then it’s likely that they have moved out in accordance with their notice but it’s possible that they may have left abruptly and you will have to legally determine that they’ve moved.

To verify that your tenant has moved out you will have to go through the court system and file a “Notice of Belief of Abandonment”.

This notice can be served either in person or by mail and the tenant has up to 18 days (California) to answer it. If they have not answered this notice within this time frame then you can move the belongings out of your tenant’s rental and rent the property to another tenant.

Tip #2 – Store Their Belongings

After moving your tenant’s belongings out of their rental property, it’s best to store everything in a storage unit.

Instead of cleaning out their belongings yourself, it’s best to hire a neutral (3rd party) to clear out the rental unit because you don’t want to be accused of stealing if your former tenant contacts you with claims that some of their belongings are missing after they pick them up.

Take pictures of the items then give them one week to contact you to pick up their items. If they are not answering their cell phone, or it’s been disconnected, you can still find your former tenant by calling their references and mailing the pictures to their address because they may already have a forwarding address set up for receiving mail.

Always remember to create a paper trail when dealing with abandoned property, this way you can have records to back up any calls that you made or other efforts to contact your former tenant regarding their property.

If your former tenant contacts you regarding picking up their belongings, you will want to charge them a fee for storing their personal items because you’ve taken the time and effort to deal with those items even if they didn’t want to.

Tip #3 – Sell or Donate Their Items If They Don’t Contact You

Let’s say that your former tenant doesn’t respond to you within one to two weeks after abandoning their personal items.

In this case, you can move forward with confidence that you did your best to reach out to them and were unsuccessful.

Once again, you should document all of the steps that you took to contact them regarding their property then move forward with selling or donating their property if they don’t respond to you.

Contact GoldenWest Management

To learn more about the property management services we can offer you contact us today by clicking here to connect with us online.

Tiny Houses – Will the Movement Take Off in The San Diego Area?

If you’ve watched HGTV for a length of time you may be familiar with tiny houses. These are homes that are typically under 250 square feet, built on wheels or can be constructed for tenants in any backyard in the San Diego area.

With the housing crisis, it makes sense to build more tiny homes because each tiny home could provide space for up to two people but the reality is that environmental regulations and building codes may stop tiny homes from taking off in the San Diego area.

San Diego Housing Panel Gives Tiny Homes The OK

As of October 2019, tiny homes are now approved in the San Diego area. The panel recently voted to approve tiny homes in San Diego as long as homeowners choose to follow a long list of city regulations and their requirements.

“I think it’s a good idea,” said Councilwoman Dr. Jennifer Campbell. “Let’s do it.”

– San Diego Union-Tribune

San Diego joins a long list of cities in California, like Los Angeles, who have recognized the benefits of approving tiny homes and they now are approving their construction in cities across California and nationwide.

Good News for Local Homeowners and Investors

Besides benefiting the local housing market by bringing affordable housing to the market, tiny homes also immediately benefit homeowners and investors because they can be built within 30-45 days (or sooner), are less expensive to build than traditional granny flats and can rent for $900 per month in some areas.

Investors who want to get more ROI out of their existing properties will be thrilled to be able to consider tiny homes as another source of revenue for their portfolios.

Contact GoldenWest Management

To learn more about the San Diego rental market, 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.

What Can You Do to Attract the Most Qualified Tenants In 2020?

The New Year is in full swing and as many landlords are dealing with lease renewals right now, or are going to have tenants who will be renewing their leases in the coming months, this article will provide you with a variety of tips for attracting the best tenants in 2020.

Tip #1 – Market the Area, Not Just the Rental

The first key to attracting the most qualified tenants in 2020 is to market the area where your rental property is located instead of just marketing the rental itself.

To effectively market your rental property, you should focus on the benefits that the area where your property is located has to offer potential tenants.

For example: Is your rental property in a convenient location that’s close to shops, stores and other fun things that people like to do in your city? What about ease of access? Can tenants easily get to the freeway or access bus lines and other forms of public transportation? These are important questions to ask before you write the first ad for marketing your rental online.

Once you’ve written a great rental advertisement, don’t forget about writing about the cool features that your property has to offer prospective tenants. The features that your property might have to offer may include built-ins, washer, and dryer, swimming pool or pay utilities.

Never make the mistake of using terms like “quaint”, “retro” or “cozy” because these terms will create pictures in the mind of your prospective tenants and make them think that your property is old or outdated.

Tip #2 – Focus on Improving Your Rental Property

When was the last time you made some serious upgrades to your rental property that went beyond just a coat of paint? If it’s been a while, it’s time to consider making some improvements like resurfacing the cabinets, adding new cabinet hardware, new appliances, flooring, smart appliances, and anything else that will upgrade your rental property and make it competitive with other properties in the area.

Tip #3 – Hire A Professional Photographer to Take Great Photos of Your Rental

Many owners make the mistake of taking photos of their rental properties on their iPhones and then calling it good. These pictures aren’t always effective because the camera on your phone can only go so far.

For best results with taking pictures of your rental property, it’s best to hire a professional photographer to spend an hour taking great shots of your property. You may even want to consider renting some furniture if your property is vacant just so you can stage your property for the pictures and give prospective tenants an idea of what they can do with the space that your property can offer them.

Contact GoldenWest Management

To learn more about how you can attract the most qualified tenants in 2020, or speak with us about our property management services, contact us today by calling (866) 545-5303 or click here.

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.