How Is Coronavirus Affecting the Short-Term Rental Market?

It doesn’t matter if you own a short-term rental property like an Airbnb, in San Diego, Phoenix, or Las Vegas, the outcome following during coronavirus has been the same.

In every city as bookings have stopped, and the short-term rental market has been hit hard, because people have been staying home for the last 60 days due to Coronavirus and the once stable short term rental income that Airbnb hosts and other short term rental owners could depend on is no longer coming in.

What does the future hold for owners who have short term investment properties? The answer is simple, Investors who own short-term rental properties like Airbnb’s should consider converting those short-term rentals into long-term rentals.

Long Term Rentals Are the Way to Go

Yes, even though lockdowns are projected to end within the coming month or so nationwide, the overall fear of getting infected with coronavirus is not going to leave the mindset of the general public anytime soon. This along with possible “rolling lockdowns” in the coming months means that short-term bookings may be affected for the next six months to one year.

Thankfully, owners who convert their short-term rental properties into long-term rentals can keep those properties cash flow during the 90-120 days while they wait for the short-term rental market to get back to where it was before coronavirus and the current economic crisis.

Converting a short-term rental to a long-term property is a better choice than just letting a property sit vacant for up to another month.

Long term rental properties are also a safer option that provides less risk for landlords as well.

GoldenWest Management Can Help!

Hiring a property management company like GoldenWest Management is the key to success with owning a long-term rental property because it will save an owner the time, money, and hassle of having to manage that rental property themselves

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.

What Are the Advantages of Owning Rental Real Estate?

Are you planning on investing in rental real estate in San Diego, Phoenix or Las Vegas but you don’t know if now is the right time for you to invest in real estate or not? If so, you’ve come to the right place!

In this article, we will share with you some of the advantages that come from investing in rental real estate so that you can have confidence in knowing that right now is the best time for you to invest.

Advantage #1 – You Will Have Fixed Expenses

With any other business that you could start there’s always going to be expenses and is most cases those expenses will not be fixed expenses.

The good news with real estate investments is that you will enjoy fixed expenses and you may be able to start seeing positive monthly cash flow from the first month.

Example: Let’s say that you purchase a condo in San Diego and your expenses are your mortgage, property taxes, HOA fees and possibly water/sewer/trash, and your total monthly expenses average $2000 per month.

The good news is that if the condo that you purchased rents for $2,100 per month, you’re going to enjoy $100 positive monthly cash flow that will only grow each year that you own that condo since the average rent appreciation is around 3% per year.

Advantage #2 – You Will Own an Appreciating Asset

Unlike other businesses or investments, when you invest in real estate you will own an appreciating asset that will only continue to increase during the years that you own it plus your monthly cash flow will continue to grow each year when you raise the rent.

Advantage #3 – Real Estate Is A Great Asset to Pass Down to Your Heirs

Last of all, but most important, when you invest in real estate, you’re buying something that you can ultimately pass down to your heirs. Very few people are able to leave behind assets when they pass away. Your heirs will have an asset that will continue to appreciate in value for them while they own it while producing positive monthly cash flow.

Property Management Makes Owning Rental Properties Easy

After purchasing rental real estate in San Diego, Phoenix or Las Vegas the best thing to do is hire a GoldenWest Management to manage those properties for you because we will save you the time, money and hassle of managing those rentals 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.

 

GoldenWest Management
Investment Property Solutions
CA LIC# 071791904

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.

 

 

GoldenWest Management
Investment Property Solutions
CA LIC# 071791904

Top 10 Cities With The Most Depressed Real Estate Values

Do you live in one of these cities? Does the value being “extremely depressed” simply mean that it is a good time to invest?

  1. Gainesville, Fla
  2. Atlanta, Ga
  3. Medford, Ore
  4. Chico, Ca
  5. Mobile, Ala
  6. Tucson, Ariz
  7. Ocala, Fla
  8. Madera, Ca
  9. Santa Barbara, Ca
  10. Reno, Nv

 

 

 

Investment Property Solutions
AZ LIC# CO583886000
CA LIC# 071791904
NV LIC# B1000408

 

cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap France football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |
cheap football shirts  |