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.

Should You Allow Pets at Your Rental Property?

Did you just invest in your first rental property and are wondering if you should accept pets?

This is a very common property management question to ask because there are seemingly more pet owners in the United States than ever before and it makes sense to take this into consideration.

In this article we will answer this question and provide you with pros and cons to consider allowing pets and not allowing them at your rental property.

Why You Should Consider Allowing Pets

The first reason to consider allowing pets at your rental property is most pet owners are responsible tenants who love their pets and would do everything possible to abide by the rules of the rental property because they don’t want to be faced with having to find another rental again.

Besides the obvious reason of renting to someone who is responsible, you can also charge a pet deposit of $250 to $500 and a monthly pet rent of $25 or more.

Why You Should Have A No Pet Policy

Yes, it’s true that many owners do have a no pet policy these days because they previously had a negative experience with pets in their rental properties that caused damage.

You have to consider the potential damage that can come with allowing pets in your rental property and place stipulations on the types or breeds of pets to eliminate the possibility of renting to tenants who have pets that might potentially damage your rental.

Besides banning specific pets, another helpful way you can protect your best interests as a landlord is to do a background/credit check.

This will give you the confidence in them that you need to be assured that they are going to be the type of tenant they claim to be on their rental application.

Get Property Management Here

For property management in San Diego, Phoenix or Las Vegas, contact Golden West Management at (866) 545-5303 or click here to connect with us online.

7 Things You Can Do to Keep Great Tenants

Are you looking for property management tips or things you can do to keep your tenants? If so, you’ve come to the right place! In this article, we will share with you 7 things you can do to keep great tenants.

Always Respond Quickly to Complaints

Do you have ѕресіfіс rules about nоіѕе? You should always еnfоrсе them.

If you are аwаrе оf аnу сrіmеѕ tаkіng рlасе оn уоur rеntаl рrореrtу, tаkе асtіоn immediately. Evісt drug dеаlеrѕ; соnѕult your аttоrnеу if уоu nееd hеlр, оr consider hіrіng a рrореrtу management соmраnу that іnсludеѕ еvісtіоnѕ in its ѕеrvісеѕ.

Schedule Maintenance For Times That Are Convenient To Your Tenants

Mіnіmіzе thе іmрасt of rераіrѕ аnd maintenance by ѕсhеdulіng them аt thе tіmеѕ your rеntеrѕ are least likely tо bе around, tурісаllу between 9 аnd 5, Mоndау through Friday.

Lеt уоur tenants know in аdvаnсе whеn rераіr wоrk іѕ being done, аnd whу.

Cоnѕіdеr thе ѕаfеtу аnd ѕесurіtу оf your tеnаntѕ whіlе the wоrk is taking place (fоr еxаmрlе, іf a tеnаnt’ѕ parking spot wіll be unаvаіlаblе during rераіrѕ, рrоvіdе аnоthеr).

Keeping up with maintenance and addressing issues quickly will help you spend less time on repairs when you do have to turn over the unit.

Provide Designated Parking Spots

  • Having a раrkіng spot wіth a ѕhоrt walking dіѕtаnсе tо home іѕ very important for mаnу tеnаntѕ.
  • Assign parking ѕроtѕ аnd еnfоrсе раrkіng rules.
  • Always sеnd warning letters tо tеnаntѕ whо brеаk thе rulеѕ and have thеіr саrѕ tоwеd if they іgnоrе уоur wаrnіng.
  • Mаkе sure you hаvе wеll-mаrkеd and ѕuffісіеnt guеѕt раrkіng.

Follow Through On Repair Requests

It’ѕ ѕіmрlе: do what уоu ѕау you’ll dо. Rесоgnіzе thаt аll tеnаntѕ wаnt thеіr rераіrѕ handled рrоmрtlу, еffісіеntlу, аnd рrеdісtаblу. And remember that many tenants аrе “rеntеrѕ bу choice“.

They prefer tо rеnt rаthеr than оwn раrtlу because they want ѕоmеоnе еlѕе to be rеѕроnѕіblе fоr rераіrѕ.

Notify Your Tenants In Advance About Inconveniences Like Road Closures Etc

Warn tenants аbоut unexpected іnсоnvеnіеnсеѕ thаt wіll be tаkіng place nеаr thеіr hоmе.

If уоu’rе aware оf uрсоmіng road сlоѕurеѕ or a рlаnnеd роwеr оutаgе, соnѕіdеr sending оut a newsletter, еmаіl, оr a quick text mеѕѕаgе іnfоrmіng уоur tеnаntѕ, ѕо they hаvе аn opportunity tо рrераrе оr change their plans.

You саn also kеер tеnаntѕ uрdаtеd uѕіng a Fасеbооk or Twіttеr account.

Make Sure Your Tenants Feel Safe At home

Mаkе ѕurе that аnу outdoor аrеаѕ uѕеd by tеnаntѕ аt nіght (ѕuсh аѕ a раrkіng areas, раthѕ, аnd entries) аrе well-lit.

  1. Kеер foliage trіmmеd, аnd fеnсеѕ lоw.
  2. Stay оn tор of rераіrѕ. Arrаngе for a ѕаfеtу аnd ѕесurіtу ѕurvеу a соuрlе оf times a year.
  3. Lеt уоur tеnаntѕ knоw whеn you’ve made іmрrоvеmеntѕ.
  4. Consider giving your tеnаntѕ ѕоmе ѕаfеtу guіdеlіnеѕ when thеу mоvе in.

Create House Rules And Enforce Them

Good tenants аrе gооd nеіghbоrѕ. In return, thеу want thе ѕаmе соnѕіdеrаtіоn. They wіll fоllоw thе rules you hаvе dеvеlореd fоr your rental рrореrtу, аѕ long as thеу аrе rеаѕоnаblе.

All оf уоur tеnаntѕ ѕhоuld rеаd аnd ѕіgn a сору of your rulеѕ whеn they execute the lеаѕе. Exрlаіn tо уоur tenants thаt thе rulеѕ wіll bе enforced. Consider еvісtіоn fоr ѕеrіоuѕ vіоlаtіоnѕ.

Get Professional Property Management Here

For professional property management in San Diego, Las Vegas or Phoenix contact GoldenWest Management at (866) 545-5303 or click here to connect with us online.

What should I do if my tenant ruins my home?

By GoldenWest Management

One of the WORST things to happen to an owner is when their tenant moves out and they discover that their former tenant has trashed their rental property.

Sadly, this problem is not uncommon and the key to success in dealing with a trashed rental property is following these steps.

Step #1 – Call the Police

The first thing to do in dealing with a trashed rental property is to call the police immediately. You will need to file a police report for intentional property destruction and start the legal process of going after the individuals who have ruined your rental property.

Step #2 – Take Pictures and Video of Everything

After filing a police report, the next thing you should do is take pictures and video of the damage. This step is important because, should you take your former tenant to small claims court you will be able to present evidence of the damage they caused.

Step #3 – Stop All Verbal Communication with Your Former Tenant

Although you might be tempted to call or email your former tenant about the damage they caused, you should stop all verbal communication and only communicate with them in writing. Why? Communicating with your former tenant in writing creates a paper trail, helps you to avoid saying the wrong things, and thoroughly documents a timeline of the incidents occurred.

Step #4 – Get Legal Representation

Besides following the steps mentioned above in this article, the most important thing you should do is hire a lawyer.

Having proper legal representation on your side will save you the time, money, and hassle of making poor legal decisions. You really can’t afford to not have an attorney representing your best interests during this process.

Step #5 – Before Renting Again, Hire A Property Manager

At GoldenWest Management we feel for any landlord who has gone through the process of finding out that their tenant trashed their rental property.

We specialize in full-service property management so landlords don’t have to spend their time managing their rental property 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 is involved in screening and approving a Tenant?

Do you own rental properties or are planning on investing in rentals for the first time?

One of the most complicated aspects of owning rental properties is screening and approving tenants because tenants are the “life blood” of every rental property since if the wrong tenants are chosen they can bring major headaches for the owner.

When the right tenants are chosen the owner can often expect 12 months or more of effortless renting to a tenant who pays their rent on time, abides by the rules, and maintains the rental property.

If you’ve been thinking about hiring a property management company to manage your rental properties here is the screening and approval process that we follow at GoldenWest Management.

Determining an Acceptable Credit Score

Did you know that nearly one in two landlords said the results of a credit check were among the top three factors that they used when deciding whether to accept a tenant’s lease application or not?

At GoldenWest Management we determine an applicant’s credit score or (scoring rubric) from data we receive from the National Association of Credit Reporting.

How much in verified income do we need to approve? How do we prove income?

2.5x – 3x rent, this information can be verified by viewing an applicant’s paystubs.

If an applicant doesn’t have pay stubs we will ask for their recent tax returns or bank statements.

Once the tenant has proven their income they must also show that they have at least six months of reserves (rent x 6 months), after accounting for security deposit and first month’s rent.

Rental history

Although having good credit is still important, at GoldenWest Management we also request a tenant’s rental history because, like a credit report, rental history also shows a tenant’s rental behavior including if they have a history of paying their bills on time.

What if the tenant owns a home? As with running a credit check and inquiring about a tenant’s rental history, we will also want to know if that tenant (homeowner) has a current mortgage as well since this is also a sign of financial stability.

Criminal History

With new HUD laws outlawing or simply refusing people due to their criminal records we must know specific and relevant information about their criminal history including if they are: still on probation, a sex offender, or if they are a violent offender since this information may affect the safety and security of other tenants in the building and neighbors in the area.

Get Professional Property Management Here

For professional property management contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.

Tips for Managing Move Outs at Your Phoenix Rental Property

By GoldenWest Management

PHOENIX, AZ. – Do you have a Phoenix Rental Property that’s going to be vacant in the coming months? If so, here are tips you should use to manage move outs

Run the rental comps

Check out other properties in the neighborhood because, if you have to upgrade your rental you should look at what your competition is doing with their properties first so you can get a better idea of the upgrades or amenities you should add to your property.

Market the listing

Start marketing your listing at least 20 days out to minimize vacancy, during this time you should work with the current tenant so you can conduct showings 2 or 3 days per week.

During the process of marketing your listing don’t forget to have professional pictures and video taken of the rental since this will help your listing to stand out online.

Make sure you have the utilities ready to be transferred into your name

This is important to do, especially in the summer when you need the AC, and it’s also an important step because you cannot appropriately check the property or make repairs/clean when the utilities are turned off.

Make sure you have a lockbox

You will need a lock box so contractors and or your cleaning company can come and go anytime.

When adding a lock box don’t put it in plain sight where anyone can see it, and don’t leave your only key in there because this can make getting back into the rental difficult if the key is lost or stolen.

Save Time and Money with Property Management

To save the time, money and hassle of marketing Phoenix Rental Property online, and managing your rental property yourself, contact GoldenWest Management today by calling us at (602) 765-4750 or click here to connect with us online.

Phoenix Rental Property
Need property management? Click here.

5 Things to Do Before Marketing Your Phoenix Rental Property Online

By GoldenWest Management

Are you planning on listing your Phoenix Rental Property online? If you’re like most landlords you’re going to be listing your rental property on Craiglist.org, hotpads.com Zillow or Trulia, but before listing you should get these 5 things done.

#1 – Inspect Your Phoenix Rental Property and Make Repairs

Regardless of how long your last tenant lived in your Phoenix Rental Property it’s important to have it inspected because, a full inspection will bring to light obvious problems that need to be fixed like electrical, flooring, or plumbing issues, and potential problems which cannot be seen to the naked eye.

#2 – Have Your Rental Property Thoroughly Cleaned

One of the “pet peeves” most people cite for not wanting to rent a property is the cleanliness of the unit so even if your last renter left your Phoenix Rental Property in excellent condition you should still call in your cleaning crew to have your rental professionally cleaned because this will also ensure that those hard to reach areas of your rental property are cleaned as well.

#3 – Inspect All Appliances

While you are having, your rental property cleaned and inspected you should also have all of the appliances evaluated, including ceiling fans, because if any of the appliances are out of date and ready to be replaced this will be a great time to get them replaced before new tenants move in.

#4 – Change Those Locks!

During the time that your Phoenix Rental is in between tenants, you should also change those locks because you just don’t know if your previous tenant made copies of keys and it’s also a great idea to have the locks changed to ensure that any old keys which may be floating around out there are rendered obsolete.

#5 – Think About Market Value

Once your rental property is ready to be listed online the last thing you should do is determine market value because rents in the area may have gone up since you last marketed your rental property and it can literally pay to research the market value of your rental before you post it online.

Get Property Management Here

For affordable property management contact GoldenWest Management today by calling us at (602) 765-4750 or click here to connect with us online.

Professional Phoenix Property Management company

Searching for an experienced Professional Phoenix Property Management company? If so, you’ve come to the right place!

At GoldenWest Management we specialize affordable and reliable property management for the entire Phoenix AZ area, including other communities like Tempe, so you can have confidence in hiring us to professionally manage your vacation home, condo, townhome or rental property.

Professional Phoenix Property Management company

What makes us different than other companies who specialize in Phoenix AZ Property Management is that we don’t just offer one property management solution, we offer a full suite of property management services including the following:

Rent Collection

Tenant Screening

Tenant Placement

Customer Service/support

Maintenance

And More!

We Make Owning Rental Properties in Phoenix AZ Easy!

One of the most difficult things about owning rental properties is managing them yourself! Thankfully, with our Phoenix AZ Property Management service, you can get back to enjoying your life once again because we will save you the time, money and hassle of managing your rental properties and dealing with all of the day-to-day tasks that you may be doing right now.

Grow Your Portfolio Of Arizona Rentals

What’s best of all, when you choose GoldenWest Management for managing your rentals you can focus on growing your portfolio of rental properties with confidence in knowing that our experienced team of Phoenix Arizona Property Management Company will be there to professionally manage your rentals so you can keep focusing on growing your portfolio of rentals.

Learn More About GoldenWest Management

The GoldenWest Management Team specializes in residential property management for Single Family Homes through the mid-sized Apartment Complexes in Arizona, California and Nevada areas. Our friendly and knowledgeable leasing agents strive to limit the vacancy times and increase the rental income of your property without sacrificing the need for quality tenants. GWM will market your property, run background checks on all applicants, conduct routine site visits, schedule and coordinate maintenance, and ensure your rents are collected ON TIME! Our on-call Contracting staff will be able to handle all property issues so that you don’t have to. We promise that you will not find a better full-service manager with our competitive prices anywhere else. All included at fixed monthly rate without any hidden fees!

For affordable and professional Tempe Arizona Property Management contact GoldenWest today by calling us at (602) 765-4750 or click here to connect with us online.

 

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Gilbert AZ Property Management

Gilbert AZ Property Management

Are you searching for a Gilbert AZ property management company? If so, contact GoldenWest Management today by calling us at (602) 765-4750 or click here to connect with us online.

About GoldenWest Management

At GoldenWest Management we specialize in Gilbert AZ property management and can offer you full-service property management which includes the following services:

  • Tenant Screening
  • Tenant Selection
  • Rent Collection
  • Customer Service
  • Maintenance

Unlike other property managers in Gilbert AZ that may have just started in the last year, we have been offering property management services in AZ for years and can save you the time/money/hassle of managing rental properties yourself because any time you’re taking calls or performing maintenance, that’s time you could be spending on growing your portfolio of rental properties.

GoldenWest Management, Inc. provides our customers with affordable Property Management and a wealth of Investment Property experience in the Arizona, California and Nevada areas. By offering the most competitive pricing along with exclusive Marketing Programs, Customer Service, and Real Estate Transaction Expertise, GWM is a must-have component when investing in real estate.

Our goal is to provide top quality service to our Landlords and Tenants by making it fast and easy to keep in touch with our office. Online applications, repair requests, notices, and statements make working with GWM easier than ever.

No matter if it is a Home or an Apartment community… GWM is able to offer you peace of mind when it comes to Las Vegas Property Management, Phoenix Property Management, San Diego Property Management and Homes for Rent!

Experienced Gilbert AZ Property Management

It doesn’t matter if you own one rental property, or you have dozens of rentals in the surrounding area, our experienced Gilbert AZ Property Management service will help you to simplify your business.

What’s best of all about choosing GoldenWest management is that you will have more peace of mind in knowing that your rentals are being professionally managed by real property management professionals so you can enjoy dinners with your family, have fun weekends or go on vacation without having to take calls from your tenants again.

Learn More

To learn more about the property management services we can offer you contact us today for a free property management consultation at (602) 765-4750 or click here to connect with us online.

Property Manager Phoenix AZ

Property Manager Phoenix AZ

Do you need a Property Manager Phoenix AZ? If so, contact Goldenwest Management today by calling us at (602) 765-4750 or click here to connect with us online.

Our Property Manager Phoenix AZ will save you the time, money and hassle of managing your rental properties yourself so you can get back to growing your portfolio of rental properties once again and enjoying life.

Las Vegas Renter

When you hire our Property Manager Phoenix AZ to manage your rental properties for you, you can count on us to provide you with the following property management services:

About Our Property Manager Phoenix AZ

  • Rent Collection – Our Phoenix Property Manager will collect the rent on time from your tenants each month so you will no longer have to deal with rent collection or clients who don’t pay you on time.
  • Maintenance – When maintenance issues arise at your rental property, you can count on our Phoenix Property Manager to handle those issues including choosing the right contractors and maintenance professionals so that excellent work is completed at your rental in Phoenix every time.
  • Tenant Screening / Placement – We all know that the time may come for new tenants to be placed at your rental property and when it does you can count on us to screen/place the most qualified tenants who will respect your rental and pay rent on time each month.
  • Customer Service – Any time your tenants have a question, concern or need assistance at your rental property you can count on our Property Manager Phoenix AZ to be there to assist your tenants with their needs.

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Get Phoenix Property Management Today

For affordable and experienced Phoenix Property Management contact Goldenwest Management today by calling us at (602) 7654750 or click here to connect with us online.