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5 Rental Property Upgrades To Invest In For 2021

One of the smartest decisions that you should make as an owner in 2021 is to upgrade your rental property.

When you make upgrades to your property, you’re increasing the value of your rental while also positioning your rental property to appeal to a higher quality tenant.

The good thing about making upgrades to your property is that they don’t always have to be expensive upgrades, and there are many upgrades that you can do yourself.

In this article, we will share with you several rental property upgrades that you should consider investing in during 2021.

Upgrade #1 – Improve Curb Appeal

Since curb appeal is the first thing that a prospective tenant will see before touring your rental property, it’s best to focus on making a great first impression by improving the curb appeal of your rental property.

For single-family properties, it’s best to consider investing in desert landscaping because this will take the responsibility of maintenance off the shoulders of your tenants while ensuring that your property doesn’t need much landscape maintenance during the year.

If you own a multifamily property, it’s important to make sure that the landscaping is attractive and appealing to tenants so that they will want to make their units look as good on the inside, as the property does on the outside.

Upgrade #2 – Install Consistent Flooring

After focusing on improving curb appeal, the next improvement that you should make is installing consistent flooring throughout the rental property.

This is important because many rental properties have different types of flooring throughout the property and inconsistent flooring can make a rental property look old, or not well maintained.

By installing the same type of flooring throughout your rental property, you will be showing your tenants that you have a clear standard for the property and aren’t willing to settle for good flooring in one room and substandard flooring in other rooms.

Example: Consider adding laminate flooring in the kitchen, dining room, and hallways of the home while adding carpeting just in the bedrooms.

Upgrade #3 – Paint The Interior And Exterior Of The Property

New paint is one of the most affordable upgrades that you can make to your rental property and since it’s easy for almost anyone to use a paintbrush, this is also a DIY home improvement that you can do yourself.

Tips: Choose neutral colors for the interior of your rental property instead of going with white for every room.

You can add color and character to each room by sticking with neutral colors like grays and beiges.

When painting the interior of your rental property, always be sure to apply a fresh coat of paint to each wall and avoid the habit of touching up spots.

Although touch-ups may save time, they can make a wall look ‘splotchy’ and this method of painting should be avoided.

Upgrade #4 – Upgrade Old Appliances To Stainless Steel Appliances

If the kitchen in your rental property has some outdated appliances, you should consider upgrading those appliances with stainless steel appliances.

Stainless steel appliances are important because most people like to have stainless steel appliances in their kitchens and they also improve the look and feel of the kitchen in a rental property as well.

Upgrade #5 – Repaint Or Refinish The Cabinetry In Your Rental Property

Last of all, but most important, you should also focus on improving the look of the cabinetry in your rental property by repainting or refinishing those cabinets.

As with painting, this is also an upgrade that you can do yourself and it’s not an expensive upgrade to make.

Tip – After refinishing or repainting the cabinets in your rental property, you should also change out the drawer pulls and doorknobs too. This will help to finalize the look and eliminate any cabinet hardware that may be outdated.

Contact GoldenWest Management

At GoldenWest Management, we’re experts at local property management and can save you the time, money, and hassle of managing your investment property yourself.

Our company is a top property management company in the United States because we also treat each client like they are out the only client.

To learn more tips that you can use to update your rental property, 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: The Difference Between Habitability and Cosmetic Maintenance

Are you planning on making improvements to your rental property?

Investing in improvements is a smart thing to do because this will improve the value of your property and earn you more money on a monthly basis.

Before making those repairs though, it’s important to take the time to distinguish between if the repairs that you want to make will contribute to habitability, or if they are cosmetic repairs only.

What Repairs Are Habitability Repairs?

Although you may have grand designs of making certain improvements to your rental property like adding granite countertops or custom flooring, the reality is that these repairs should not be completed prior to addressing any habitability concerns.

‘Habitability’ refers to necessary repairs which ensure your rental property has working plumbing, electrical, heating, and cooling. It also must be safe, dry, and pest free. You must legally provide the bare minimum of all habitability requirements in order to collect rent from your tenants.

Some states, like Nevada, have unique requirements intended to address local areas of concern. Nevada in particular requires working A/C during the summer months, while the cooler state of California does not require this.

If your rental doesn’t meet one or more of our habitability criteria, your goal should fix those habitability issues immediately.

Do You Need To Address Cosmetic Repairs Immediately?

When it comes to cosmetic repairs, these are improvements that keep your rental property in good condition but they are not always necessary for your tenant to live there.

Some of the most common cosmetic repairs include granite countertops, high-end flooring, or smart appliances.

Cosmetic repairs may not be legally required (as they don’t affect the tenant’s ability to live there) but could be a good investment if you’re hoping to rent the property for years to come, or if you’re interested in maximizing your rental income.

Knowing which cosmetic repairs will best benefit you takes a trained eye. Consult with a trusted property management company with experience in renovating homes for rent before committing to any upgrades.

Hire A Local Property Management Company

At GoldenWest Management, we specialize in local property management. This means that we know the area’s individual needs well and will find the most qualified tenants for your rental property.

Our property management team will also take care of habitability issues immediately thanks to our 24-7 hotline and in-house maintenance team.

You can also count on us to recommend changes or improvements that you should make to improve the cosmetic look and appeal of your rental property as well.

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

How To Keep Your Investment Property In Good Condition

Are you planning on buying a new investment property? If so, one of the keys to success with owning that property is keeping it in good condition.

The condition of your property is important because a rental property that’s in poor condition isn’t going to rent for top dollar, regardless of the location.

Tenants want to live in rentals that have been maintained over the years, have no deferred maintenance issues, and show signs of pride of ownership inside and outside of the property.

In this article we will offer you several tips that you should use for keeping your rental property in great shape.

Tips For Keeping Your Investment Property In Great Shape

Tip #1 – Always deal with small repairs first – This is important because letting small repairs go means that they could turn into bigger repairs later on, so it’s best to resolve those issues now, especially if you don’t want to pay more money take care of them later.

Tip #2 – Focus On Habitation, Before Cosmetic – Besides dealing with small repairs first, you should also focus on taking care of habitation repairs, before dealing with cosmetic repairs. This is important because if a property isn’t in inhabitable condition, you’re going to lose money.

Tip #3 – Make Sure The A/C Is Always Working – It doesn’t matter how beautiful your property is, as long as the central air conditioning isn’t working, you’re going to have unhappy tenants who will eventually move.

HVAC repairs are not expensive, and regular HVAC checkups can save you hundreds of dollars in maintenance costs so it’s best to make sure that you are always knowledgeable about the condition of the HVAC unit at your rental property.

Tip #4 – Invest In Pest Control – There’s nothing worse than dealing with pests because, once they move in, they don’t like to move out. To avoid the hassle of pests, it’s best to invest in pest control to regularly spray the inside and outside of your property; this will keep the pests away and keep your tenants happy as well.

Tip #5 – Have Regular Inspections – Whenever a new tenant moves in, you should make it a priority to have your property inspected every six months. This is important because, regular inspections will allow you to fix problem areas, instead of leaving those maintenance issues unresolved until your tenant moves out.

During the inspection, make sure you document every part of the property because proper documentation will eliminate ‘he-said-she-said’ disputes regarding damages.

Contact GoldenWest Management

At GoldenWest Management we know how difficult it can be for owners to manage and inspect their properties themselves. Thankfully, with our property management services, our team handles inspections and the day-to-day responsibilities of owning rental properties, so you don’t have to!

For more information on our company, or to get a property management quote, contact us today by calling (866) 545-5303 or click here to connect with us online.

The Amenities Your Multifamily Property Needs In 2021

Are you interested in earning better ROI from your multifamily property in 2021? If so, adding amenities to your property is one of the best ways to justify a higher rent rate.

In this article, we will share with you the top multifamily amenities that you should consider adding to your property next year.

High-End Appliances

Even though amenities like swimming pools, outdoor dog parks, tennis courts, gyms, and onsite laundry, will always be amenities that are in demand among renters, the reality is that renter preferences are changing.

Today’s multifamily unit renter wants to have ‘high end’ appliances in their rental units like smart thermostats, touchscreen refrigerators, and wi-fi connected lighting as well.

In the building, renters also want to know that their packages are being delivered safely and securely.

This is why landlords should consider adding Amazon storage lockers so that their tenants can have peace of mind in knowing that should they need to have packages delivered, their packages will be safe and secure until they return home.

Having storage lockers, or a policy for package delivery, is essential for multifamily properties especially considering that more people order online, or have subscription orders that are delivered monthly.

As we enter a post-COVID-19 world, it’s also important to know that renters are going to want apartment amenities that enable them to enjoy time outside like hiking and biking trails, that enable tenants to exercise while social distancing as well.

Renters Will Expect Technology

One of the key things that every landlord should expect from renters in 2021 is that they must be ready for renters to expect technology from the landlord from their very first point of contact with them.

Due to the changes that landlords have had to make during Covid-19, renters will expect landlords to offer them options like self-tour technology using Rently.com (or similar services), DocuSign, online bill pay, and more.

Even though services like Rently.com were once seen as a convenience to landlords, they have become a necessity, as tenants have grown accustomed to being independent and having contactless experiences with their landlords.

Contact GoldenWest Management

At GoldenWest Management, we specialize in property management for San Diego, Phoenix, and Las Vegas.

Owning multifamily properties is a great way to build wealth while generating cashflow but they can also take a lot of time to manage.

If you’re currently managing your multifamily property yourself, or are interested in hiring a new property manager, we would like the opportunity to talk with you more about our services!

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

Nevada’s Statewide Eviction Moratorium Extended Until March 31st, 2021

Nevada renters struggling to make their rent payments due to Covid-19 received good news recently when Governor Sisolak signed another statewide eviction moratorium which pauses most residential evictions in Nevada until March 31st, 2021.

The Governor’s move came just in time for many renters who are currently facing eviction, or face the threat of eviction at the end of December when the CDC eviction ban is set to expire.

Eviction Crisis Is Paused, For Now

Even though another eviction moratorium is a good thing for renters, since it keeps them off the streets during the winter, ultimately the state is only ‘pausing’ the eviction crisis for a few more months.

Thanks to recent data from the U.S, Census Bureau, and their Household Pulse Survey, we know that close to 35 percent of renter households in Nevada have not remained current with their rent payments and are potentially facing eviction in the next two months.

With the latest eviction moratorium, renters are not relieved of their obligation to pay the back rent that they owe. They will still owe the total amount due at the end of March in 2021, unless they have worked out a payment plan with their management company which splits the amount due into manageable amounts.

They are only being given a ‘reprieve’ for a few more months as the state makes its way through winter, and waits for the Covid-19 vaccine to be distributed.

Many Landlords Continue To Struggle

Throughout the Covid-19 pandemic, Governor Sisolak and most politicians in Nevada have expressed optimism that landlords could ‘sacrifice’ during the pandemic.

Although some landlords may have been able to navigate the Covid-19 pandemic without much of a problem, smaller ‘mom and pop’ landlords have been hardest hit.

After months of being unable to collect rent, many smaller landlords face foreclosure in 2021 unless the Federal Government is able to pass a series of emergency bills which stop foreclosures and evictions at the same time.

Contact GoldenWest Management

At GoldenWest Management we specialize in managing rental properties in Las Vegas, San Diego, and Phoenix.

Our team saves owners the time, money, and hassle of managing their properties themselves so that they can enjoy passive income from their rental properties without the hassles of property management.

To learn more about the property management services that we can offer you, contact us today by calling (866) 545-5303 or connect with us online.


 The new Nevada eviction moratorium does apply to all renters automatically, with exceptions for those being evicted for violence/breach of contract/etc.

Four Christmas Décor Tips For Rental Homes

Are you planning on decorating your rental home for the holidays? If so, you’ve come to the right place!

Holiday decorating is something that most people look forward to, but with the decorations also can come holes in the walls that will need to be filled in later.

This is why in this article; we’re going to share with you several tips that you can use to decorate your rental home without leaving an ‘impact’ on the property.

Holiday Decorating Tip #1 – Use Command Hooks Whenever Possible

Command Hooks are a decorator’s ‘best friend’ during the holidays because they don’t leave holes in walls as thumbtacks do.

Since many Command Hooks can hold up to 10 pounds, you can use them for hanging things like lights, stockings, and ornaments.

Once the holidays have passed, and you remove your holiday decorations, all you have to do is peel the Command Hook strips off the walls of your rental property and throw the used strips away.

Holiday Decorating Tip #2 – Be Wary Of Real Trees

You may enjoy the smell of pine from your Christmas Tree during the holidays but the reality is that pine needles can potentially be a fire hazard (if they dry out) and their needles are often hard to clean up, especially from carpeting.

For best results, consider investing in an artificial Christmas tree. They are very affordable, easy to clean up, and can be used every year.

Holiday Decorating Tip #3 – Hang Christmas Lights Inside Windows

Although everyone wants to hang their holiday lights outside their rental property, the reality is that most rental homes don’t have any outside electrical outlets to plug lights in.

If you’re living in an apartment complex, or a multifamily property that’s part of an HOA, you may not be allowed to hang lights outside at all.

For best results, hang your Christmas lights inside your windows using Command Hooks.

This will help them to still be seen when you approach the exterior of your rental home and you won’t have to find a way to use a long extension cord outside your rental home to provide power to those lights.

Also, when decorating the exterior of your rental home, be conscious of your neighbors and avoid too many decorations that might shine light into their bedrooms, block their view, or be an annoyance.

Holiday Decorating Tip #4 – Avoid Fire Hazards

Fires often occur during the holidays because people sometimes do things that are unsafe like placing a Christmas tree near a heat source, or pinching electrical cords while trying to provide power to lights.

To avoid fire hazards during the holidays, it’s best to review your decorating work before you turn those lights on, because a fire can break out in minutes and ruin your Christmas.

Contact GoldenWest Management

At GoldenWest Management, we offer property management for San Diego, Phoenix, and Las Vegas.

If you need a property manager for your rental property and would like to learn more about our services, contact us today by calling (866) 545-5303 or connect with us online.

Rental Market Update – What Can Owners And Tenants Expect In January 2021?

With January 2021 fast approaching, most owners and tenants nationwide are looking forward to the new year wondering what’s going to come next.

In this article, we will provide you with a roundup of what owners and tenants can expect in 2021.

What’s Going To Affect Owners In 2021?

Now that the November elections have come and gone, it’s clear that January will bring a change to the Presidency in the United States, and Joe Biden will be our next President.

The big question is what changes can real estate owners expect when Biden’s Administration takes office?

Here’s what we know so far:

1031 Exchanges – During his campaign, Joe Biden went on record stating his intention to modify this program so that investors who earn over $400,000 per year would not be able to benefit from this program.

Even though 1031 Exchanges have been in existence since the 1920s, Biden’s team calculated that changing the rules would mean that it would bring in an estimated $775 billion over the next 10 years.

Tax Increases – As expected, another big change owners can expect under President Biden is tax increases on individuals earning more than $400,000 per year.

What Can Tenants Expect In 2021?

Eviction Ban – The number one issue on the minds of tenants in San Diego, Phoenix, and Arizona is evictions, as hundreds of thousands of renters across these states face the real threat of eviction.

In Arizona and Nevada, some evictions are already occurring, even though the CDC Eviction Ban is protecting certain renters until January 2021.

California’s eviction ban is in place until February 1st, 2021 but a tenant must be able to show proof of financial hardship and they will be required to pay 25% of their monthly rent.

In each state, landlords and tenants are being encouraged to negotiate, or come to mediation, to work out payment arrangements.

A good example of this can be seen in Nevada where the state has been encouraging landlords to negotiate with their tenants who are behind on their rent.

Unless a landlord forgives the bank rent, tenants are still required to pay up, and with roughly $1.7 billion owed in back rent across the country, it’s understandable that landlords are going to want to collect what’s owed them as soon as possible.

Rent Increases – 2020 has been a year marked by Covid-19, but despite what’s been happening, rent has increased in many areas.

San Diego – Rent has increased by 4% this year and the average rent for an apartment in SD is now $2,237 per month.

Phoenix – As more people have left rental property in California this year, for Arizona and Nevada, it’s not surprising that the average rent for an apartment in Phoenix has increased by 10% to $1,141 per month.

Las Vegas – Right now, you can rent an apartment in Vegas for $1,107 per month, a 4% year-over-year increase.

Contact GoldenWest Management

Are you thinking about hiring a new property manager?

Or are you considering hiring a property management company for the first time?

We offer property management services for Las Vegas, Phoenix, and Las Vegas that will save you the time, money, and hassle of property management.

To learn more about our ‘boutique style’ property management services, contact us today by calling (866) 545-5303 or connect with us online.

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.