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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.

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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.

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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.

What Are The Unseen Costs Of California’s Eviction Moratorium?

One common theme that’s been played out in the media across California over the last three months is that landlords should cancel rent, and everything possible should be done to help tenants.

As the State of California continues to struggle with Coronavirus, the eviction moratorium has been extended until the end of September, giving some tenants the ability to continue living rent free.

Even though the eviction moratorium was necessary during the early days of Covid-19, to keep people off the streets and slow the spread of the virus, the reality is that it’s been brutal for landlords across the state.

The Unforeseen Costs Of California’s Eviction Moratorium

One common theme that’s been played out in the media across California over the last three months is that landlords should cancel rent, and everything possible should be done to help tenants.

Sadly, even though there are some institutional investors own rental properties across California who have the ability to forgive back rent, many of the landlords in the state that have been hardest hit are smaller, “mom and pop” landlords who rely on the monthly rent from their rental properties to survive.

In the past, eviction has always been a legal protection that landlords could fall back on when their tenants didn’t pay their rents, but now that some tenants have not paid in months, eviction is not an option, and the only option landlords have is to wait until the eviction moratorium has ended.

Could more landlords choose to forgive their tenants back rent in favor of tax deductions or other incentives? While some landlords have been able to do just that, smaller landlords can’t walk away from money owed that easily. After not collecting rent for months, they face the real possibility of mortgage defaults in the coming weeks.

What Comes Next?

As of July 2020, more landlords across the State of California are challenging the eviction moratorium in the courts. This has led the Governor to leave the matter in the hands of local municipalities, so it’s unlikely that we will see any legal action that stops the eviction moratorium any time soon.

The State of California continues to “kick the can” and push off evictions for a few more months in the hope that the economy will improve and more people will go back to work but the opposite is happening right now.

More industries are going into lockdown in California, schools remain closed, and it’s unlikely that the battle against Coronavirus will be won anytime soon.

With the next expiration of the eviction moratorium approaching on September 30th, along with elections in November, this fall will likely be one that everyone remembers since it’s a time in history when everything is on the line.

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To learn more about what’s happening with the rental market in California, or to speak with us about our property management services, contact us today by calling (866) 545-5303 or click here to connect with us online.

AB 1436 – Learn More About The Latest California Rent Protections Bill

With the end of the State-wide eviction moratorium in California fast approaching, lawmakers have been scrambling to come up with ways to avoid a possible “eviction tsunami” that is poised to hit California once landlords are legally able to move forward with pursuing evictions in the courts once again.

Even though we reported recently that Doug Michie, a Ventura based lawyer, filed a lawsuit to stop the State of California’s eviction moratorium, this move didn’t last long.

AB 1436 – Could Allow Tenants To Delay Paying Back Rent For 15 Months

Assembly member David Chiu from San Francisco authored AB 1436, a bill which states that tenants cannot be evicted due to their unpaid rent which was accrued during the COVID-19 / Coronavirus emergency.

The bill also states that tenants will have 15 months after the end of Coronavirus to pay back all of their accrued rent while giving landlords the option to pursue eviction if their tenants miss paying rent in the future.

Even though many landlords in California have been making payment arrangements with their tenants who are behind on their rent. AB 1436 also allows landlords and tenants to make written repayment arrangements while adding safeguards so that tenants don’t end up owing more money than what they accrued during COVID-19.

What About Smaller “Mom and Pop” Landlords?

AB 1436 sounds like a fair and reasonable bill but is keeping the courts closed to aggrieved landlords the right thing to do?

With many “mom and pop” landlords in California depending on the income that they receive from their rental properties, it’s easy to see that AB 1436 could potentially create a “wave of defaults and foreclosures” since most landlords won’t be able to survive if they cannot collect the rent that’s owed to them.

July 2020 Is Going To Be A Vital Month In California’s History

Lawmakers are intent on stopping mass evictions but with little effort being made to protect the rights of owners, the future for the rental market looks bleak in California, to say the least.

If owners start defaulting, or selling their rental properties, this could lead to a further strain on the supply of rental properties in California and higher rents than what we have right now.

Regardless if you support the plight of tenants in California, landlords, or both, July 2020 is shaping up to be one of the most important months in California’s history as lawmakers work hard to stop mass eviction from happening in August.

With the end of California’s eviction ban scheduled for July 28th, it’s likely that we will see a “flurry of activity” in July as lawmakers work hard to protect tenants from evictions but that legislation could also adversely affect owners at the same time.

Either way, we encourage you to follow our blog for the latest updates on what’s happening in the California rental market so that you will be able to read the latest news affecting you.

Contact GoldenWest Management

Do you need property management for your California rental property? Or do you own rentals in Las Vegas or Phoenix that need property management as well? If so, we can help!

Our company specializes in property management and has the best property management team that will serve all of your needs. 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.

City of San Diego Eviction Moratorium Extension Approved Until September 30th

SAN DIEGO, CA – With tenants continuing to struggle financially during the Covid-19 pandemic, the San Diego City Council approved an extension of the city’s eviction moratorium until September 30th.

Since the City of San Diego’s eviction moratorium was slated to expire on 7/1, the city council approved the extension just in time. The extension of the eviction moratorium gives residents who are struggling financially due to the pandemic time to contact their landlords in writing, one day before their rent is due, to notify them that they are unable to pay.

About The San Diego Eviction Moratorium

Tenants who are struggling financially and unable to pay rent must provide proof that their financial hardship is due to the Covid-19 pandemic. Once they do so, landlords are encouraged to work with their tenants to come out with a payment plan with their tenants so that they can collect some rent rather than nothing.

Besides protecting tenants who are struggling financially during the Covid-19 pandemic, the City of San Diego eviction moratorium also protects business owners who are unable to pay their lease payments or rents during the pandemic.

The City of San Diego eviction moratorium has been in effect now since March 25th, and the current extension gives residential and commercial tenants more time to get back on track financially plus make financial arrangements with their landlords if they are unable to pay their rents due to the Coronavirus pandemic.

City Council Members also voted to establish a rental assistance program that’s been funded with more than $15 million in Covid-19 relief funds from the Federal Government.

What About Owners?

There’s no denying that the Covid-19 pandemic has affected tenants in San Diego, and across the United States, but the big question is what’s being done to help owners?

Since the beginning of Coronavirus, and lockdowns across California, the consensus among most lawmakers in California is that landlords can “take it on the chin” and make it through months without collecting rent.

Sadly, with most owners in California being mom and pop landlords who rely on the income from their rental properties, their incomes have been greatly reduced and more than $1 billion in rent has not been collected.

As we move into the summer months, more owners across the state are uniting to challenge the State of California’s eviction moratorium since a severe economic burden is being placed on the backs of landlords.

Yes, the eviction moratorium is a critical public health protection that’s keeping people off the streets but more work needs to be done to help landlords in California avoid going into default as a result of the Covid-19 pandemic.

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For more information about what’s happening with the San Diego rental market, or to speak with us about our property management services, contact us today by calling (858) 779-0577 or click here.

Eviction Moratorium – What’s Happening In Phoenix And Las Vegas?

Since March 2020, Coronavirus (COVID-19) has changed the rental market nationwide because millions of people who once were working were forced to “shelter in place”, or they lost their jobs are unable to work.

In response to the pandemic, many cities including San Diego, approved eviction moratoriums.

We know that San Diego’s eviction moratorium has been extended until July 28th, the big question is what about Phoenix and Las Vegas? Will their eviction moratoriums be extended too?

In this article, we will provide you with information on the eviction moratoriums for Phoenix, Las Vegas, and also information we can expect from both cities in the coming months.

Nevada’s Eviction Moratorium Extended Until June 30th

As of today, we know that the State of Nevada’s eviction moratorium has been extended until June 30th, essentially mirroring what’s happening with the city of San Diego.

The Attorney General for Nevada, Aaron D. Ford has stated that it’s his goal to help people stay in their homes and prevent landlords from evicting tenants who may be unable to pay their rents.

Thankfully, the eviction moratorium is working, but tenants who are unable to pay their rents are encouraged to reach out to their landlords to discuss payment arrangements so that landlords can have at least a portion of their tenant’s rents that due and avoid having their rental properties go into foreclosure.

Could we see an extension to the Nevada eviction moratorium? The answer to this question is it’s anyone’s guess. Since more tenant’s groups across the country are putting pressure on landlords to stop evictions, we may likely see another eviction moratorium extension at least through the summer months to avoid a wave of evictions.

Phoenix Eviction Moratorium Extended Until July 23rd

Arizona residents who have been dealing with financial hardship due to COVID-19 can take heart that the eviction moratorium is extended until July 23rd.

Even though the eviction moratorium in Arizona is extended until July 23rd, the reality is that the burden of proof is one the tenant to prove that they have an economic hardship due to COVID-19.

If a tenant in Arizona cannot prove economic hardship due to COVID-19, the court can still move forward with evicting them for nonpayment, and law enforcement can also remove a tenant for nonpayment of their rent or breach of contract.

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For more information on what’s happening with the rental market in San Diego, Phoenix or Las Vegas, 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.

Ventura Lawyer Stops Governor Newsom Eviction Moratorium from Extending Past 7/28

Landlords in California got some good news this week when Doug Michie, a lawyer based in Ventura CA, revealed that he filed a complaint on May 8th in the Third District Court of California against Governor Newsom’s eviction order which bans evictions of tenants from being evicted during the Coronavirus pandemic.

In his complaint, Michie quotes the U.S. Constitution as being the basis for why the eviction moratorium cannot be allowed to legally be extended.

“No State shall … pass any … law impairing the Obligation of Contracts” (Article 1, Section10, US Constitution) …” Nor shall private property be taken for public use, without just compensation” and…Violations of Substantive Due Process (5th Amendment US Constitution).

Unless Governor Newsom, or lawmakers in California, try further legal maneuvering, the State-wide eviction moratorium is not allowed to be extended past the July 28th deadline. This means that landlords after July 28th, (unless there is an eviction moratorium in the city where their properties are located), can legally start the eviction process against a tenant who has been living in their rental property since the moratorium began without paying any rent.

Complaint Will Help Landlords State-wide

Although Doug Michie filed the complaint on behalf of his wife, a landlord in the Bay Area who owns several rental properties, it will ultimately help landlords across California who are concerned about not earning income from their rental properties since March.

What’s even better about the complaint is that it also effectively stops the governor from extending the eviction moratorium an additional 90 days following the July 28th deadline.

Even though many tenants in California have been working hard to pay their landlords some money during the coronavirus crisis, there are scores of tenants across the state that have taken advantage of the eviction moratorium and have not paid their landlords any money at all.

More Than $ 1 Billion Dollars in Rent Lost Since the Start of Coronavirus

Even though most media outlets positively cover the efforts to stop rent collection across the state of California, the reality is that since March 2020, more than $1 billion dollars has been lost since rent has not been collected.

Yes, there is language in place which says that tenants must pay back the rent that they owe their landlords but the reality is that with the current shape of the economy in California, and the highest unemployment rate in decades, it’s unlikely that landlords in here will ever be able to collect any of the money that’s owed them once things start getting back to normal.

Another thing that’s not mentioned in the media is that most “mom and pop” landlords rely upon income from their rental properties to fund their retirements. If those landlords have not been collecting any rent since March, they’ve had to fight to survive financially just like everybody else even though the media thinks that landlords can essentially “take it one the chin” and survive several more months without collecting rent.

Hope is on the horizon for landlords in California and with the complaint filed by Doug Michie, along with possible class-action lawsuits filed against the state, for recovery of compensable losses, it’s likely landlords can now start getting back on track financially.

Contact GoldenWest Management

To learn more about what’s happening in the California 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 online.

San Diego’s Eviction Moratorium Extended June 30th, 2020

The City of San Diego extended its eviction moratorium through June 30th, 2020, to protect renters and businesses who have been impacted by Coronavirus, citywide lockdown and the closure of essential stores during the Pandemic.

This move reflects similar legislation nationwide as other cities and states have extended their eviction moratoriums through June 30th and even farther into summer.

Financial Aid To Tenants And Landlords Is Still Being Considered

There’s no doubt that both tenants and landlords in California are struggling right now as Coronavirus has impacted just about everyone from all walks of life.

Thankfully, as the City of San Diego continues returning to “business as normal,” the city is doing everything it can to help landlords and tenants following Coronavirus but significant challenges life ahead.

With an unemployment rate in California, that’s close to 20%, one of the biggest challenges is for the city and state to help people who have been unemployed for the last three months get back to work while also assisting landlords with financing so that they can avoid mortgage default on their rental properties.

Sadly, as San Diego city council member Scott Sherman recently said, an eviction moratorium extension only “kicks the can” down the road, or delays evictions, as renters continue stacking up debt with their landlords due to back rent that they may be unable to pay.

Coronavirus Highlights The Importance Of Owners And Tenants Working Together

Even though the Coronavirus Pandemic and the following eviction moratorium have been worse case scenarios for the City of San Diego, the good news is that during May, or month #2 of the lockdown, roughly 82% of renters in the San Diego area paid their contractual rents.

The percentage of tenants who paid their rents in May could be due to final stimulus payments, unemployment, and other benefits kicking in. As we enter the month of June, there’s hope that we will see similar statistics from renters.

Owners and tenants have been making the best out of a bad situation by working together during coronavirus, and this explains why the rental market in San Diego isn’t as bad as many people thought it would be.

What Happens After June 30th?

What’s going to happen after June 30th? The answer to the question is, it’s anyone’s guess. Still, the reality is that because the City of San Diego faces a possible “epic wave” of evictions, if the moratorium isn’t extended well past June 30th so it’s like that we may see another extension in the weeks ahead.

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To learn more about what’s happening with the rental market in San Diego, CA, or to speak with us about our property management services, contact us today by calling (866) 545-5303 or connect with us online by clicking here.

AB 828 Update – Learn More About the Move to Cut Rent by 25% In California

If you follow the Californian rental market, you know that there’s been plenty of activity this year on the rent control front thanks to the passage of AB 1482. This rent control measure became law in January, but that hasn’t stopped lawmakers from creating more rent control legislation including the Rental Affordability Act and AB 828.

Sadly, one would think that landlords in California have been through enough with everything that’s been done to impose rent control in this state. If AB 828 is approved, this would mean that the average landlord would be faced with dire economic consequences as any of their tenants could petition the courts to have their rents cut by 25% for one year.

What’s Happening with AB 828?

Right now, AB 828 is still moving forward through the Senate; it’s currently in the Rules Committee and this can mean that bill possibly gets postponed for several weeks while it’s debated.

Even though AB 828 continues to move forward, the California Apartment Association, and other groups that support landlords in California, have voiced their opposition of this bill and have been flooding lawmakers email and voicemail inboxes with messages opposing it.

There’s no denying that if this bill is approved it could bring a wide variety of catastrophic consequences for landlords in the state because landlords would have to absorb the economic losses and this would affect their businesses.

To voice your opposition to this bill, we encourage you to contact our lawmakers today and let them know that passing AB 828 would only further hurt the struggling rental market and make it more difficult for landlords and tenants alike.

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