What Should You Replace in A Rental Property After Purchasing It?

Are you planning on buying a new rental property in San Diego, Las Vegas or Phoenix? If so, like many owners you most likely are eager to get that property rented quickly right? This is totally understandable but, there are things that should be replaced in your new rental property if you want to ensure that you won’t have any problems with that property in the future.

Replace the Locks

Always replace the locks after buying a new rental property regardless if the former owner claims they were changed recently or not because you just don’t know how many people had access to that property in the past and may have created their own key.

If the locks are in good condition you can save them and use them again in the future changing the locks on the next property that you buy.

Change the Toilets

Another important thing to change after buying a new rental property is the toilets because a leaky toilet can easily cause unseen damage to your rental property and thousands of dollars in repair costs so it’s best to replace them now so that you can have confidence that there won’t be any leaks going forward.

 

Get Rid of Old Outlets

Regardless of the age of the home, you should always get rid of old outlets because those outlets can potentially pose a fire hazard and it’s better to replace them now before your new tenants move in.

Swap Out Those Old Light Bulbs

Last of all, but most important, if your rental property has light fixtures you shouldn’t think twice about changing those light bulbs. Getting rid of those bulbs will save you the hassle of having to get called from your tenants whenever they need a light bulb changed unless you’ve instructed them to change the light bulbs themselves.

Need Property Management? Contact Us Today

At GoldenWest Management we specialize in full-service property management and can save you the time, money and hassle of managing your properties yourself. To learn more about the services we can offer you contact us today at (866) 545-5303 or click here to connect with us online.

How GoldenWest Management Is Different Than the Competition

Are you planning on choosing a property management company to professionally manage your rental properties? If so, there’s nobody better in the San Diego, Phoenix, or Las Vegas area for property management than GoldenWest Management.

If you’re on the fence about choosing GWM versus another property management company, this article will provide you with insight into how our company is different than the competition.

Your Source for Investment Sourcing and Acquisition

In this day and age most, property management companies only manage rental properties. At GWM we offer more services than just management.

Our real estate acquisition team performs all the due diligence needed to acquire properties with the best possible potential. IRA’s and other self-directed pension plans may be invested in our real estate programs while maintaining the tax-deferred status of the IRA.

Once we acquire the right properties for your portfolio, you can count on us to professionally manage them so that your involvement with your portfolio of rental properties will be 100% passive. All you will have to do is focus on is the profit that you receive from your rentals each month.

Full-Service Property Management

After acquiring a new property for your real estate investment portfolio, GoldenWest Management will provide you with full-service property management which includes the following services:

  • Property Marketing – When it comes time to list your property for rent online, GWM will list your property on our website including a wide variety of other rental websites so that it will receive the most interest from prospective tenants possible.
  • Tenant Selection & Placement – After prospective tenants start requesting information about your rental property we will screen and place the most qualified tenants in your rental. This will give you peace of mind in knowing that reliable and responsible tenants will be living in your rental property.
  • Customer Service – Have you received calls from your tenants at night, on weekends, or during holidays in the past? Thankfully, when you have GWM managing your rentals for you, you can count on them calling us for their maintenance requests, problems or customer service issues instead of calling you.
  • Maintenance – Just about every owner dislikes performing maintenance. If you’re one of those people, you can also have confidence that we will perform the very best maintenance on your investment property plus keep it in excellent shape so you don’t have to do anything yourself.
  • Rent Collection – Last of all, but most important is rent collection. We will collect the rent on time from your tenants each month and deposit those payments into your account so you can passively enjoy your profits.

Contact GoldenWest Management

Ready to get started with having GoldenWest Management professionally manage your rental property? Contact us today by calling (866) 545-5303 or click here to connect with us online.

How to Get More Profit from Your Rentals In 2019

nevinvesAre you searching for ways to get more profit from your rental properties in 2019? If so, you’ve come to the right place!

At GoldenWest Management, Inc we specialize in managing rentals in San Diego, Las Vegas, Arizona and we can provide you with proven ways to increase the ROI from your rental properties.

#1 – Increase the Rent

Although this method of increasing the profit from your rentals may be controversial for sure, the reality is that it’s a no brainer to increase the rent especially if you want to keep your property competitive with the fair market rent in your area.

If it’s been a while since you’ve increased the rent at your property, use online tools (or contact GoldenWest Management) to find out what comparable properties in the area are renting for then choose a fair rent increase.

Ideally, your rent increase shouldn’t be more than $50-$100 because rent increases of $200-$250 per month are often difficult for many renters to budget for.

#2 – Accept Pets

Yes, it’s true that many landlords don’t allow pets but, owners who allow pets are able to charge a pet deposit of at least $500 and a monthly pet rent of $50 to $100 per month.

Most pet owners are responsible people who actually train their pets to use litter boxes or potty outside so you should have confidence that allowing your tenant to have a pet is a positive move that may also motivate your tenant to stay with you for years to come.

#3 – Install A Coin Operated Washer / Dryer

Do you own a single-family home or multifamily rental property? If so, consider installing a coin operated washer and dryer because these units are easy to maintain and can easily bring in an additional $100 or more per month from your tenants because everyone has to do their laundry and most tenants would rather do it at home then drive to a laundromat.

Get A Property Management Quote Here

Are you managing your rentals yourself or are not satisfied with your current property management company? Contact GoldenWest Management for a free property management quote by calling us at (866) 545-5303 or click here to connect with us online.

Long Distance Real Estate Investing – How To Invest The Smart Way

Are you planning on investing in rental properties in the San Diego, Las Vegas or Phoenix but don’t know how to get started?

In this article, we will give you several tips you can use for successfully getting started in long distance real estate investing

Be clear about your goal

This is mission critical for anything you do in life, especially with real estate investing.

You have to know why you’re investing in real estate, what your long-term goals are and you can get these answers by asking yourself the following questions.

Is your goal to have passive monthly income?

Do you want to gain appreciation?

Are you interested in having your money somewhere besides the stock market?

You have to know and understand yourself

Once you know your “why” for getting started in real estate investing you should next take an honest assessment of your own personal style.

Are you a control freak? Are your hands off or a hands-on type of person?

These questions are also important to ask because, if you are a hands-on type of person you may not be successful with long-term real estate investing unless you hire a professional property management company like Golden West Management to manage your rental property for you.

Hiring a property manager will give you confidence in knowing that even though you may be living out-of-state, your property is being managed by someone who cares about your best interests and will make sure that your rental generates ROI every month.

Get local by going local.

Let’s say that you live in Portland but you want to invest in San Diego real estate, or you live in Phoenix but you want to invest in properties in Las Vegas.

Another great way to meet success as an out-of-state investor is to hire someone, like GWM, who is locally based that assist you with investment sourcing, brokerage for acquisitions, and of course full-service property management.

We Help Out of State Investors!

Don’t manage your rental property yourself, let us save you the time, money and hassle of managing that property! Contact GoldenWest Management by calling us at (866) 545-5303 or click here to connect with us online.

How to Protect Yourself When Buying Investment Properties

Are you planning on buying investment properties in San Diego, Phoenix or Las Vegas? If so, you’ve come to the right place!

There’s no doubt that investment properties make an excellent addition to any portfolio but, the key to success with purchasing these types of Investments is following the right procedure to protect your best interest as an investor.

In this article, we will list for you several steps that you can take to protect yourself when buying investment properties.

Choose the right location.

The golden rule as home buyer or real estate investor is always to focus on location, location, location because, an investment property can be priced affordably but, if it’s in an area that’s not near shops, stores, restaurants or amenities that people will want to use on a regular basis, you may find that the property will be harder to rent then what you initially imagined.

Thanks to the internet, investors have the best tool at their disposal for investigating an area before they choose to the invest there. When examining an area online, you should individually research, blogs or other websites that are maintained by people who live or work in the area because this will give you a proper perspective of what you can expect when living there.

Get title insurance

Another important thing that you want to do to protect your best interests before purchasing an investment property is to get title insurance.

Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and the invalidity or unenforceability of mortgage loans. … Typically, the real property interests guaranteed are fee simple ownership or a mortgage.  – Wikipedia

The property must be inspected.

Besides choosing the right location, and getting title insurance, another essential thing that you should do when purchasing an investment property is to have that property inspected.

This step is essential regardless if the investment property is a new-build or was recently renovated because it’s the only real way that you can protect yourself as an investor with first-hand knowledge about what’s really going on with the property rather than being shocked by the repairs or renovations that it may still need after you purchase it.

Get Property Management

Last of all, but most important, the final thing that you can do to protect your best interest as an investor is to hire professional property management like Golden West Management, to manage your investment property for you.

A property manager will save you the time, money and hassle of managing your investment property yourself so you can focus on growing your portfolio of investment properties or just enjoying your normal life.

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.

Reasons Why Hiring A Property Management Company Is the Key to Saving Time and Money In 2019

2019 is immediately around the corner, and if you’re like most investors, you plausibly are working on your goals for the new year and among those goals is the methods that you’re going to use to save time and money in the new year.

How Can A Property Manager Save You Time?

It doesn’t matter if you’ve been managing your rental properties yourself for years or not, self-managing those rentals can be very time consuming and also the reason why you didn’t grow your portfolio of rental properties this year.

Hiring a property manager can save you time in many areas especially when it comes to:

  • Customer service – You can count on your property manager to answer all calls and emails from tenants for you. This will free up more time during your day so you can focus on growing your portfolio of rentals or spending that time with your family.
  • Maintenance – Imagine no longer having to drive out to your locations to pull a toilet, meet a contractor or work on small projects yourself. When you hire a property manager, you can count on them to handle all aspects of maintenance for you.
  • Rent collection – There’s no doubt that rent collection can take up much time! Thankfully, when you hire a property management company, you can leave rent collection to the pro’s and have confidence that the rent will be collected on time each month and deposited into your account or mailed to you in the form of a check.

How Can A Property Manager Save You Money?

Every landlord or investor wants to save money because every dollar counts and can lead to you having a more profitable month or more expenses than money at the end of the month.

Here are several ways that a property manager will save you money:

  • Comparable analysis – Your property manager will do a comparative study of other properties for rent in your area so you will be able to rent your single-family home, condo or town home for what it’s worth on the rental market.
  • Higher quality tenants – Hiring a professional property manager will also ensure that you have tenants living in your rental property who will respect your rental, pay their rent on time on a monthly basis and possibly renew their leases each year without fail.
  • Fewer legal problems – Last of all, another great way a property manager will save you money is the fact that when you have a professional property manager managing your rental property you will have fewer legal problems because you can rest assured that the laws are being followed and policies are in place which will ensure that you don’t have any Fair Housing Violations.

Contact GoldenWest Management

Ready to speak with a property manager about managing your rental property? Contact GoldenWest Management by calling us at (866) 545-5303 or click here to connect with us online.

Happy Thanksgiving From Your Friends At GoldenWest Management!

We sure have a lot to be thankful for this year, I hope that you and your family have a wonderful Thanksgiving and happy holidays!

Thanksgiving Trivia

As a nation, the US has celebrated Thanksgiving off and on since 1774. In 1789 George Washington made a proclamation that the American people should celebrate a day of thanksgiving to God on November 26th. Some presidents after him continued the tradition, sporadically declaring days of Thanksgiving. But it wasn’t until 1863 with Lincoln proclaiming a day of Thanksgiving on the last Thursday of November that it became an annual holiday. Every year after that Presidents proclaimed the last Thursday of November to be a day of Thanksgiving. It was changed to be the fourth Thursday in under President Franklin D. Roosevelt.

Handy Blender Gravy Recipe

Cook Time
5 mins
Total Time
5 mins

Course: Condiment, Holiday, Sauce, Vegan, Vegetarian
Servings: 2 cups
Calories: 427.3 cal
Author: Adapted from FitSugar
Ingredients
1 cup veggie broth
1/4 cup nutritional yeast
1 tablespoon. tamari
1 teaspoon mustard
1 clove garlic chopped
1 tablespoon arrowroot powder
2 tablespoons tahini
1 1/2 tablespoons apple cider vinegar
1 1/2 tablespoons molasses
1/2 teaspoon maple syrup
2 tablespoon olive oil
1/2 teaspoon dried sage
1/3 cup chopped onion

Instructions
Place ingredients into blender jar in the order listed.
For Vitamix: Start at Variable 1, increase to Variable 6 and blend until mixture is smooth, about 10-15 seconds.
For Blendtec: Run SAUCES/BATTERS cycle for 10-15 seconds.
Pour contents of jar into a saucepan and bring to a boil over medium-high heat. Then reduce the heat to low and stir until gravy reduces and thickens to your desired consistency.
Serve and enjoy immediately!
All done! Enjoy!! Now take a photo, rate it, and share your accomplishments!

Sorce – https://www.blenderbabes.com/lifestyle-diet/diabetic/gluten-free-vegan-gravy-recipe/

Movies To Watch On Thanksgiving Day

Need to find some movies to watch on Thanksgiving Day? Click here to a list of movies that are currently on Netflix this month!

Need Property Management In 2019? Contact Golden West Management!

Do you need property management in 2019? If so, contact Golden West Management at (866) 545-5303 or click here to connect with us online.

Should You Invest in Rental Properties Now Before More Stock Market Losses?

If you’ve been following the latest stock market news on a daily basis it’s not hard to see that the stock market is in turmoil right now. Over the last two weeks, it’s not common to find out that the DOW is down by 600 points one day, then up by 400 points the next.

Sadly, the stock market correction that investors and analysts have been speculating about for the last 3 years has finally arrived and, the full-blown correction has not officially hit yet. Many people predict that the stock market could see a loss of close to 2500 points sometime within the next 30 days. That is is why it makes it more important than ever before for investors who want to avoid losing money in the stock market to consider investing in rental properties now.

Why Invest in Rental Properties?

The most important reason to consider investing in rental properties now is financial security.

When the stock market is going down, you can always count on your rental properties to continue producing you regular income on a monthly basis that you can depend upon.

Over the last 20 years, rental properties have been the most consistent investment around and everyone from Jim Cramer, to investors in the San Diego area, have been putting their money into rental properties to avoid the losses that they may have sustained following the .COM bubble burst of the late 90s, or the Great Recession.

What Types of Rentals Should You Invest In?

With more cities across the United States taking a stand against Airbnb and short-term rental properties as a whole, it makes more sense for investors in cities like San Diego, Phoenix, and Las Vegas to consider investing in long-term residential rental properties.

The obvious benefit of investing in a long-term rental property is that it will produce consistent cash flow for you on a regular basis and you won’t have to deal with the hassle which comes from owning and managing a short-term rental property like an Airbnb.

Depending upon your preference, you may be more inclined to invest in a single-family home versus a multi-family rental property, and that’s okay. There are more renters in Southern California, Phoenix, and Nevada than ever before and the good news is that there is also a wide mix of renters who prefer renting single-family homes, versus an apartment or a unit in a multi-family rental property.

Learn More Here

To learn more about real estate investments in San Diego, Phoenix and Las Vegas or to speak with us about our Property Management Services, contact us today at (866) 545-5303 or click here to connect with us online.

What Is Prop 10? Learn More About Rent Control in California

Are you a renter in California or a landlord? If so, regardless of your political preference, you definitely will want to vote next week because, every voter in the state has the ability to vote on either approving or stopping proposition 10 from becoming law.

What is Proposition 10?

Proposition 10 will give cities like San Diego and Los Angeles the ability to expand rent control. This will be done by repealing Costa Hawkins, the 1990s Housing Act that has been in California for over 20 years.

Thanks to Costa Hawkins, landlords in San Diego have the right to raise the rent on their units to the fair market value when an old tenant moves out. This could change though with proposition 10 which could make a landlord’s ability to raise the rent after tenant moves out a thing of the past.

Cities like San Diego could implement restrictions on all of the local housing stock including single family homes, condos, town homes and new apartments.

How Will Rent Control Affect California?

The obvious argument for rent control is that it will protect renters from excessive rent hikes and keep their homes affordable.

Although rent control sounds ideal for California, and many people feel that it will be a cure-all for the housing crisis, implementing rent control will not encourage the construction of more housing in the Golden State when this is what California desperately needs.

Many industry analysts and economist who have been following the developments of proposition 10 over the last year have seen landlords sell their rental properties in California in favor of getting out of the state before rent control becomes law. Other landlords have sold their portfolios of single-family homes to individual owners, effectively taking those rentals off the market.

Regardless if you stand for or against rent control in California, don’t forget to vote! Make sure your voice is heard in November by casting your vote when it comes to this crucial issue.

Get Property Management in San Diego

For property management in the San Diego area contact Golden West Management today by calling us at (866) 545-5303 or click here to connect with us online.

Planning on Getting Started as A Real Estate Investor but Don’t Know Where to Start? Click Here

So, you’ve been thinking about getting started in Real Estate investing but don’t know where to start.

The good news is that you’ve come to the right place.

In this article, we will provide you with several tips you can use to successfully get started as a Real Estate investor regardless if you plan on investing in San Diego, Las Vegas or Phoenix Real Estate.

Tips #1 – Start Small in The Beginning

Sadly, many investors get started in real estate investing by purchasing more than one rental property at once and they are not ready with the responsibilities which come with managing multiple rentals.

This is why you should start small at first because starting small and building your portfolio or rental properties over time will give you the ability to make small mistakes and learn from them rather than having to deal with multiple mistakes which can come with managing multiple rental properties.

Tip #2 – Choose Properties That Are in In Demand Locations

You’ve heard the old phrase “location, location, location” when it comes to buying Real Estate for your primary residence right? The same can be said about investing in rental properties.

Location is important because tenants know what they want and they will be more inclined to rent a property that meets criteria that they are looking for.

Some of the most common criteria that tenants are looking for in a rental property include:

  • Bedrooms/bathrooms – Most renters are looking for rental properties that have a minimum of 2 bedrooms and 2 bathrooms.
  • Square feet – Every renter wants to rent a property that offers them plenty of square feet so it’s important to find a viable rental property that offers renters plenty of space for them to enjoy.
  • Location – Although some tenants want to live close to downtown, others want to be near the beach of enjoy the quiet solitude of the suburbs. Regardless of where your rental is located, don’t forget to highlight every aspect of its location.
  • Amenities – It doesn’t matter if the property is a single-family home, condo or town home, it has to have great amenities that tenants will want.

Tip #3 – Hire A Property Management Company

Last of all, but most important, the most important thing that you want to do when getting started as a Real Estate investor is to hire a property management company.

At GoldenWest Management we make owning rental properties easy and will save you the time, money and hassle of having to manage your rental property yourself.

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