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Rental Listing Scams – How Can Owners Protect Themselves?

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

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

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

How Do Rental Listing Scams Work?

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

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

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

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

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

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

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

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

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

Contact GoldenWest Management

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

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

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

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

Military Orders

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

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

Job Transfer

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

Job Loss

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

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

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

Life-Changing Circumstances

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

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

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

Contact GoldenWest Management

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

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

Step By Step Guide For Renting Your House

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

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

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

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

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

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

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

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

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

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

Step #3 – Hire A Residential Property Manager

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

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

Get Residential Property Management Here – Contact GoldenWest Management

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

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

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

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

Nevada Eviction Moratorium Extended 45 Days

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

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

About The 45 Day Extension

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

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

Hopeful That Landlords And Tenants Will Work Together

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

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

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

California Also Extends Their Eviction Moratorium

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

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

Is Extending Eviction Bans Like Kicking The Can?

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

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

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

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

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

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

Get Boutique-Style Property Management From GoldenWest Management

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

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

Phoenix Rental Market Is On Fire During Covid-19

2020 has been a year of changes for the rental market. Due to the Pandemic, a percentage of businesses have been forced to close, thrusting many people into a state of uncertainty.

Thanks to recent data from cnbc.com, we know that the Phoenix, Arizona rental market has continued to enjoy steady growth during Covid-19.

As of August 2020, the city is seeing rent growth of 6% year-over-year, while Tucson’s rent growth is currently at 3.5% year over year.

This is awesome news for both owners and residential property managers in Phoenix. Nationwide single-family rents grew by just 1.7%, the slowest rent growth that we’ve seen in close to 10 years. Most economic analysts attribute the decline in rent growth to the Covid-19 Pandemic.

San Diego Rental Market Continues To Enjoy Steady Growth

In America’s Finest City, San Diego, rental properties have enjoyed a 4% increase year-over-year.40% of apartments in the area that can be rented for under $2,000 per month.

Although San Diego still has a hot rental market despite the Pandemic, the question is: how long will it last?

With the Statewide eviction ban set to expire on September 30th and the renewal of the Federal eviction ban still in a state of uncertainty, most owners and property managers are anticipating that September will be a big month for the rental market in San Diego.

Rents could likely drop by as much as 10% by the end of 2020 due to the economic recession and economic fallout from Covid-19.

We could also see more houses for rent in San Diego during the fall. Some landlords may be eager to reduce rents to attract tenants, but this is risky for individuals who are not used to properly screening their applicants  

Las Vegas Rental Market Stays Strong

Covid-19 hit the Las Vegas rental market hard when most businesses in the city were shut down in March but they started to reopen in June. Since then, life in Vegas is starting to adapt to the ‘new normal’.

As of August 2020, the rental market remains strong with an average 894 square foot apartment renting for $1,107 per month. This is a 5% increase year-over-year.

(Data source – Rentcafe.com)

As with San Diego, Phoenix, and other rental markets across the United States, Nevada faces an eviction crisis when their eviction moratorium expires on September 1st.

The passage of the Nevada alternative dispute resolution bill combined with another possible economic stimulus check in September means Las Vegas may be able to avoid the crisis.

Local property management companies will continue to play a key role in rental markets across the United States. We stay on top of the latest market trends while ensuring ROI for our owner clients.

GoldenWest Management – Your Source For Professional Property Management

At GoldenWest Management, we specialize in San Diego, Phoenix, and Las Vegas Property Management.

We are one of the top property management companies in three rental markets because we take pride in saving owners the time, money, and hassle of managing their rental properties.

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.

Real Estate Agents – Why You Should Choose GoldenWest Management As Your Property Management Partner

Are you a real estate agent in San Diego, Phoenix, or Las Vegas? If so, you know how busy the real estate market can get when it comes to facing a client who wants to rent instead of buy. You can either choose to manage your client’s needs yourself or you can pass that lead along to a local property management company.

If partnering with a property management company to manage your real estate has been on your mind, chances are you need help. This article will provide you with more information about how GoldenWest Management fills property management needs.

Boutique Property Management On A Large Scale

Some property management companies have only a small team crammed into one office, but GoldenWest management has offices in San Diego, Phoenix, and Las Vegas. Each office has its large property management team to serve local client’s needs.

Having multiple offices enables us to provide our clients with the best possible service. Not only does it allow us to hold expertise in individual local real estate markets but it also allows us to work with larger clients who have multiple properties across state lines. It’s not uncommon for GoldenWest Management to serve clients in San Diego who also own rental properties in Phoenix and Las Vegas.

When real estate agents choose to recommend GoldenWest Management for their client’s property management needs, they can have confidence that those clients are going to receive the best possible service. Regardless of the rental property is located in California, Arizona, or Nevada our staff can help.

Why Should You Choose GoldenWest Management?

You may be wondering why you should choose GoldenWest Management over the competition to be your property management partner. The answer is simple – we offer the best service. When you partner with us, you can pass along a lead and have confidence that should your client turn to purchasing versus renting, we’re going to pass that lead back to you so you won’t lose the sale.

Focusing only on property management instead of sales has enabled us to develop our expertise as one of the Premier Property Management Companies in the United States. We’ve always kept our word to our existing Real Estate agent partners, which has enabled us to earn their trust.

Contact GoldenWest Management

For more information about the benefits of partnering with GoldenWest management, or to speak with us about the property management services that we can offer you, contact us today by calling or clicking here to connect with us online.

Nevada Rental Market Update – The Eviction Moratorium During August 2020

One thing that’s been on the minds of renters in Nevada is the current eviction moratorium. Unless Governor Steve Sisolak extends it again, the Nevada eviction moratorium will expire on September 1st.

There’s no denying that evictions are a major concern for Las Vegas renters, especially after the recent expiration of the CARES Act eviction moratorium. The CARES Act eviction moratorium, which expired on July 24th, was initially put in place to prevent evictions and foreclosures during the onset of the COVID-19 pandemic

Tenants are left wondering what the future holds for them, as the Federal Government has made no moves to extend their eviction moratorium for another 120 days.

Will Governor Sisolak Extend the Nevada Eviction Moratorium?

Could we see evictions in Nevada next month? Right now, the answer to that question is unclear. The Governor of Nevada hasn’t indicated that he wants to extend the state eviction moratorium as of August 6th.

The Nevada Legislature recently passed pandemic eviction protections which could postpone evictions for another 30 days after the current Nevada eviction moratorium expires in September.

If the Governor signs this bill, it would enable landlords and tenants to pursue mediation first, before the owner or property management company pursues eviction.

Without the pandemic eviction protections bill being signed by the Governor, the Nevada Courts system would likely be overwhelmed. The court processed the relatively low number of 45,000 evictions in 2019. The Nevada rental market in 2020 could easily see triple that number of evictions.  

What Comes Next for the Nevada Rental Market?

As we approach September, and subsequently the expiration of the State of Nevada’s eviction moratorium, it’s clear that nobody wants to see nearly 300,000 Nevadans evicted. Landlords in Nevada need the eviction moratorium to end. A lack of revenue due to unpaid rent means many Nevada landlords are facing foreclosure. This means that we could see a foreclosure wave hit Nevada at the same time as evictions.

Want More? Contact GoldenWest Management

For more information about the Nevada 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.

Property Management Tip What do I do when I list my property for sale with a tenant occupying it?

In this video, Jayson Yoss, President of GoldenWest Management shares with you tips for Real Estate Agents on what they should do if they list a property that’s occupied with a tenant.

Contact GoldenWest Management

For 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.

Arizona Rental Market Update- Statewide Eviction Ban Extended Until October 31st

The latest news affecting the Arizona Rental Market is that Governor Ducey’s eviction ban was recently extended on July 22nd to October 31st, 2020.

Governor Ducey’s move to extend the eviction ban continues his effort to help Arizonians avoid eviction if they lost their jobs due to Coronavirus or contracted the virus and are unable to work.

Most housing advocates applauded the Governor’s move since a large portion of the money from the Cares Act to help people pay their rents and mortgages hasn’t been dispersed yet but the big thing that’s not being talked about is how the eviction ban in Arizona is affecting landlords.

Sadly, landlords in Arizona are feeling the same financial strain of evictions just like landlords in California and other states because the money that landlords depend on to cover their mortgages, property taxes, utilities, and other essential expenses is no longer there.

Landlords are often classified as being “heartless” by some housing advocates but the truth is that rental housing is a business, and with income coming in that business cannot survive.

More Landlords Are Challenging The Eviction Ban In Arizona

As the eviction ban continues, more landlords across Arizona are stepping up to challenge it although their efforts are being defeated in the courts.

A Phoenix landlord recently sued the Governor claiming that the Arizona Eviction Moratorium was unconstitutional because it prevented them from evicting a family from their rental property that owed more than $4,000 in unpaid rent.

The landlord’s lawsuit was quickly rejected by a Superior Court judge in Maricopa County but, it’s likely this won’t be the last lawsuit against the eviction moratorium that we will see in the coming weeks.

Thankfully money may be on the way for tenants in the Arizona Rental Market as negotiations are underway between Republicans and Democrats to release another economic stimulus. This would most likely pay the same amount of $1,200 per adult as last time, but those negotiations are still in the early stages so it’s likely that we won’t see that money go out until late August or early September.

Contact GoldenWest Management

For the latest news affecting the Arizona 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.

82% Of Southern California Renters Paid Their Rent On Time In June 2020

Thanks to recent data from the U.S. Census Bureau, and a report from the Daily Bulletin, we know that eight of every 10 tenants in Southern California paid their rent on time during June.

In their “pulse survey”, the Census Bureau survey showed that just 5% of tenants indicated that their rent was deferred.

Federal aid, like the recent stimulus checks, have enabled most tenants in Southern California to stay on track with their rent payments while others have benefitted from the eviction ban and have been able to defer paying their rent now for months.

What’s Comes Next For The Southern California Rental Market?

With the $600 per week in Federal unemployment benefits from the CARES act potentially coming to an end this month, it’s possible that the loss of those benefits, combined with an end to the eviction moratorium on September 30th, could bring a wave of evictions this fall unless more is done to help renters.

As of July 23rd, 2020, lawmakers in Washington are in negotiations for more stimulus aid which could potentially include an extension of the CARES Act unemployment benefits but that extension could be less than the $600 per week that people are receiving now.

Under the CARES Act, renters are protected from eviction until July 25th, 2020. Unless the CARES Act eviction moratorium is extended, tenants in California will only have until September 30th to avoid eviction because that’s when the statewide eviction moratorium is set for expiration.

What About Landlords?

Landlords also need financial help because, for those landlords in California that have been unable to collect rent since March, this represents a loss in rent totaling more than $1 billion.

So far, lawmakers in California have proposed a variety of bills that are aimed at helping the rental market get back on track including a bill that would potentially give tenants until 2034 to repay rent while encouraging some owners to forgive back rent in favor of tax deductions.

Sadly, what’s often lost in the discussion is the impact of Coronavirus on smaller “mom and pop” landlords, many of which who have been unable to collect rent from their tenants in months. Those smaller landlords can’t just walk forgive rent when they are already walking a financial tightrope, using their savings or retirement funds just to cover their mortgages.

It’s more likely that the State of California could propose an eviction relief plan which encourages landlords and tenants to enter it voluntarily, creating a favorable payment plan that tenants could use to get their rent payments back on track.

Contact GoldenWest Management, Inc

At GoldenWest Management, we offer full-service property management in California, Arizona, and Nevada.

Our company saves owners the time, money, and hassle of managing investment properties themselves.

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.