Las Vegas Rental Property

Did you know that the Federal Government’s Department of Housing and Urban Development announced in 2015 that they were filing separate charges against property managers, Las Vegas Rental Property Owners and landlords across the United States for different types of discrimination?

Although no landlord wants to or attempts to commit unlawful discrimination, the reality is that in this day and age it’s a lot easier than any landlord thinks to get caught up in a discrimination lawsuit even if they thought they were engaging in innocent behavior.

Sadly, many landlords and property managers can get caught up in a discrimination lawsuit, especially if they have the best of intentions but during the screening process accidentally asked a misguided or innocent question, made a poor remark, or did something that prompted an applicant to file a discrimination lawsuit or complaint against them.

Since the rental market is constantly changing along with antidiscrimination laws, in this post we will cover some of the most common mistakes that property managers and landlords make across United States that can commonly lead to discrimination complaints or charges against a property owner.

Asking About an Applicants Diagnoses, Medical Status or Mental Health

As a landlord, Las Vegas Rental Property Owner or real estate investo, one of the most common mistakes that you should never make is to ask an applicant about a recent medical diagnosis, disorder or current medical status.

Last year a property owner in the state of Minnesota made a mistake of asking a prospective applicant for one of their properties about their mental health status when the owner was alerted to the fact that the applicant potentially had a bipolar disorder.

The results of this innocent mistake on the landlord’s part was that HUD prosecutors ultimately filed a violation against the owner and assessed a civil penalty totaling $16,000.

Using “Discriminatory” Language in Advertising

One of the most common mistakes that landlords make when marketing their properties is using discriminatory language when advertising their properties on websites like Craigslist or Zillow. An example of this occurred recently in the city of Philadelphia when a property owner listed their rental on Craigslist but stipulated that the rental was “not good for young children”.

After officials found out about the use of discriminatory language they found the property owner to be in violation of Section 3604(c) and 24 C.F.R. Sections 100.75(a) and (c)1, and HUD also filed financial damages against the owner as well.

Get Property Management For Your Las Vegas Rental Property 

To one more about the latest anti-discriminatory laws that landlords facing the United States, or to speak with us about our property maintenance services for your rental property, contact Goldenwest management corporate grade by calling us at (702) 685-7696 or click here to connect with us online.

San Diego Rental Property

It’s 2016 and there’s no denying that owning San Diego Rental Property is still one of the best ways to build wealth but the reality is that it only takes one accident or mechanical failure at your rental property to end everything.

In this post we will share with you some common mechanical safety issues that you should be on the lookout for at your rental property in San Diego.

#1 – Non-Working Smoke Detectors

One of the most common reasons why smoke detectors stop working is because a tenant will forget to change the batteries out each year even when the smoke alarm chirps and warns the tenant that its batteries need to be changed.

Many tenants “unplug” or the smoke detector instead of changing the batteries. Make sure your lease has a smoke detector addendum making the Tenant responsible for upkeep of the detectors as well as liability if they fail to do so.

#2 – Personal Property Stored To Close to the Water Heater

Another major problem you should be on the lookout for when you own San Diego Rental Property is when your tenant stores their personal property too close to the water heater. This is a major problem, especially for “closet water heaters” because it’s a fire hazard that could result in the home going up in flames. This should be pointed out to the Tenant during the Move-in Walk thru, and then verified during any mid-term inspections.

#3 – Dirty Air Filter

The next major problem property management companies and all owners should be on the lookout for in our rental properties is dirty HVAC air filters. This is a big problem because a dirty air filter means that your air conditioning / heating unit will not work efficiently and this will ultimately affect the long term performance of your heating and cooling unit. The coils end up freezing over and not only does this make the unit work harder, it can bring with it a hefty AC repair bill.

Your lease should instruct Tenants to routinely change the filter, and this should be monitored during midterm inspections. More importantly, GoldenWest recommends you be proactive and leave about 6 filters at the property for the Tenants to change…total cost, no more than $10!!!

#4 – Slow Drips in the Ceiling

Sure we don’t see rain very often in the San Diego area but that doesn’t mean it’s not going to rain at all during the year.

Sadly many tenants won’t think about a slow drip if they see that the roof has leaked a little bit after it’s rained but the reality is that the slow drip will affect your rental property because it could lead to moisture build up in your attic and pests in your home.

This can’t be more important…demand that Tenants immediately report any leaks, including discoloration in the drywall or ceilings. Mold, or structural stability can be compromised with prolonged exposure.

Get Property Management for Your San Diego Rental Property

To get property management for your San Diego rental property contact Goldenwest Management today by calling us at (858) 792-3442 or click here to connect with us online.

Las Vegas Property Management

2016 is turning out to be another great year for owning rental property in Las Vegas and elsewhere across the United States.

If you are searching for more information on how to manage your rental properties more efficiently this post will offer you several tips you can use streamline your portfolio of income producing rental properties.

Tip #1 – Stay Committed To Learning

The real “secret” to owning Las Vegas rental property doesn’t just come from buying the property and renting it out, you must be committed to lifelong learning by reading books, connecting with other investors and purchasing courses so you can learn from and use to grow your portfolio of rental properties and keep long term tenants.

#2 – Create Your Own Policies, Then Stick with Them

This is by far one of the most difficult things for some owners to do because many owners will create policies for their Las Vegas rental properties then change them and ultimately start managing their rentals on the fly.

For example: you should create firm policies for when rent is due and how you expect to be paid then if a tenant pays late or they try to pay their rent by an unapproved payment method you should stick with your policy and tell them that it your policies apply to all tenants.

#3 – Produce a High Quality Product

It doesn’t matter if your rental property is in Las Vegas or elsewhere in Nevada, you must always produce a high quality rental property (product) because this also means when you offer a great product you can expect high quality tenants as well.

Source - Goldenwest

Get Las Vegas Property Managent

For affordable and effective Las Vegas property management contact Goldenwest Management today by calling us at (702) 685-7696 or click here.

 

San Diego Renters

January and February are traditionally slower month for property owners who have San Diego renters. Most Tenant’s leases don’t end around the holiday, but for those that due, there is a lot of trepidation regarding what to do with regards to renewal.

Sadly some property owners struggle with tenant renewals. But GoldenWest has a few tips on how to make this process, for all times during the year, a lot simpler.

Tip #1 – Offer San Diego Renters Incentives For Renewing

Although some rental property property owners might not want to offer their San Diego Renters incentives for renewing their leases the reality is that you can get more tenants to renew if you offer them incentives like: Carpet Steam Cleaning, Handyman Credit up to $200, or other gifts like Home Depot gift cards. These are win-win because they benefit your property while also saving time and money for the Tenant.

Tip #2 - Explain the Benefits of Lease Renewal to Your San Diego Renters

Regardless if you plan on raising the rent on should always explain the benefits of lease renewal to your tenants in monetary terms. Moving alone can costs as much as $2500 when hiring a professional company. Add in the time and headache (who really likes to pack and repack; turn on and off all utilities, as well as set up the cable and internet…again). And don’t forget the cash flow inconvenience of paying the security deposit on a new place while you wait for up to 21 days for your old security deposit to be returned.

Tip #3 – Make It Easy For Them to Renew Their Lease

Start early and layout the timeline for renewal with your current Tenant. GoldenWest recommends “reminding” the Tenant 60 days out with a written notice that their lease term is ending. If a lease renewal is not executed by the time there is 30 days left, Landlord’s should list the property for rent. That gives you a full 30 days to allow the Tenant to explore their options as well as negotiate any terms. In addition, just because you listed the home doesn’t mean you won’t renew to the Tenant, but it lets the market dictate who will be residing in the property in the future (a new Tenant or your current one).

Tip #4 – Timing the Lease

The rental market is cyclical. Data shows that most people look to move in the warmer months. Landlords tend to procure higher rents and Tenants see an increased inventory on the market to choose from. It may be in both parties best interest to agree to a lease extension. Somewhere between 4-6 months. This provides a better opportunity for both the Landlord and the Tenant to explore their options and lease (or procure new Tenants) versus having to run the same routine all over again the next winter.

Get San Diego Property Management

Do you need help with renewal? Has your property been vacant all Holiday season? Do you want to avoid this problem in the future? For the best leasing and property management techniques, contact your San Diego Property Management professional, Goldenwest Management by CLICKING HERE or calling us at (858) 792-3442.

Phoenix Rental Property

What is renters insurance?

Unfortunately, most landlords and their tenants still are unaware of the importance that renters insurance offers them.

This insurance policy offers much of the same benefits that a typical homeowner’s insurance policy offers except that it’s specifically designed to offer insurance coverage to the renter and it protects the renter’s personal property from such perils as vandalism, theft and fire.

Renters insurance is important at a Phoenix Rental Property because, the owner is not responsible for ensuring the contents inside their home, condo or townhome, only the structure itself where the tenant is living, so if there is a fire at the rental the tenant may lose all of their personal belongings and have no way to pay for the replacement costs if they are not insured with renters insurance.

What Exactly Does Renters Insurance Cover?

A renter’s insurance policy will cover everything that a tenant owns inside the Phoenix Rental.

What’s really excellent about having a renter’s insurance policy is that the average policy will cover up to $20,000 in personal property and this form of insurance will also provide renters coverage if their personal belongings are stolen from their backpack, suitcase or the trunk of their rental car or hotel room anywhere in the world.

Personal Liability Protection

In addition, one of the most important reasons that GoldenWest demands that Tenants have renter’s insurance is because of the Liability protection it can offer to the property owner.

Let’s say that a tenant has a party at their Phoenix rental property and somebody was hurt during the course of that party. Even though it may have been an accident, the individual who was injured may consider filing a law suit. Having renter’s insurance policy will also provide the tenant with personal liability coverage to handle legal and medical payments for the injured individual up to a certain dollar amount depending upon the type of their renters insurance policy.

This is important because if the Landlord, as the property owner, is named by the injured party in a lawsuit, the Landlord will be in much better position to seek and recover expenses from the Tenant by going after the Tenant’s insurance company.

Property Damage Protection

Another benefit of having a renters insurance policy is that this form of insurance protection will also protect the tenant if they accidentally damage the property (often times including fire and water damage) that they are renting.

Helps after Disasters

One thing that most people never think about is how they will be able to survive financially following a fire, flood, or natural disaster at their rental property. Thankfully, renters insurance also provides renters with financial help when there are additional living expenses due to damages at the rental that have made it impossible for the tenant to live in the Phoenix Rental Property. This loss of use coverage will provide the tenant with the money that they need for additional living expenses and relocation expenses up to a certain dollar amount.

Renters Insurance Q & A

Q - How much does renters insurance cost?

A - Renters insurance can cost as low as $25 per month depending on the company and coverage that the policy offers, there is no upfront cost to get stated, and renters can expect to pay a deductible of $500 to $1000.

Q - Do landlords have to maintain their homeowners insurance if their renter has a renter’s insurance policy?

A – Yes, landlords must maintain their homeowner’s insurance policies and include a “Rental Ryder” or else the policy may be considered to be null and void.

Q – How much coverage should a Tenant usually have in their policy?

A – A landlord’s main concern is replacement coverage of the property as well as personal liability coverage starting at a minimum of $500,000.

Consult your Insurance professional

Phoenix Landlord’s should consult their insurance provider when deciding to rent their home in order to get expert advice on the best type of policy and coverage amounts…both for them and their Tenant.

Contact Goldenwest Management

To learn more about how GoldenWest Management can ensure your Tenant is carrying insurance coverage or for help with managing your Phoenix Rental Property contact Goldenwest Management today by calling us at (602) 765-4750 or click here to connect with us online.

Las Vegas Renter
Las Vegas Renter

If you’re just getting started with a Las Vegas renter, the key to success with them is starting your relationship with them on the right foot. Sadly, many property owners fail to do this and they make many mistakes along the way, ultimately creating problems with their tenants.

In this post will share with you several tips that you can use as a landlord to start off your relationship with your Las Vegas renter correctly. Our goal here is to help you avoid many of the common problems that plague rental property owners and the property management industry as a whole.

Step one – It all starts with the move in

Before you even decide to rent your condo, townhome, apartment or single-family home in Las Vegas it’s important to have your rental property professionally cleaned, including the carpets. A dirty rental property is the number one complaint from tenants when they move-in and it could be reason for them to leave the property dirty upon the move out as well.

Step Two – Make repairs before your Las Vegas Renter moves in

It’s always the little things that cause trouble. Often time property owners forget to make sure light bulbs or air filters are replaced. They forget to run the dishwasher, sinks and showers to make sure there are no clogs, leaks, etc.… Make the effort to inspect the home before Tenant move-in to include: inspecting doors, windows and locks to make sure they are all in proper working condition; replacing light bulbs and printing out all pertinent information for the home including instructions for operating that air-conditioning and heating system and pool equipment.

Step Three – Check all keys and remotes to make sure they work

Take the time to go to your rental property before you hand over the keys to your new Tenant and make sure that every key works. This includes remotes to the garage door, gate clickers, pool keys and other Homeowners Association (HOA) keys.

Step Four – Confirm parking spaces and mailbox numbers

This is more often than not associated with Townhomes and condos (although not always) but it is important to know mailbox and parking #’s. If you’re renting out a home in a Homeowners Association community, it’s important for you to confirm such items including their locations. This will ensure your renter is well aware of where they should park and also what the parking violations are in case they park in non-assigned spaces.

Step Five – Focus on improving the curb appeal

Many landlords forget to make sure the landscaping is clean and trim prior to move-in. Sure, they took care of all that when they listed the home, but now it’s been two weeks since the lease was signed, and things could have “popped up” during that time. Don’t make this mistake, especially if you have your lease requires the tenant to maintain landscaping. It basically tells the Tenant you don’t care how the exterior yard is maintained.

Step Six – Include a welcome letter

Your welcome letter should include instructions for where and when they should pay their rent and emergency numbers or an online site for them to submit repair requests. Yes all of this is probably in their lease but a reminder, something perhaps they can put on the fridge, helps alleviate issues.

Step Seven – Conduct a pre-inspection of the property before your tenants moving

At least three days before your tenant moves in you should conduct a full pre-inspection of your Las Vegas rental property to make sure that it’s in proper condition.

Don’t make the mistake of gambling on the condition of your property, or taking the word of others (such as the contractor you hired to make repairs) that your rental property is in excellent shape and ready for move in. Take an hour conduct a thorough inspection, taking photos as a record. This will alleviate a lot of he-said she-said issues later on.

Get Las Vegas Property Management

The above steps take some time, and if you aren’t doing this, or worse your current manager isn’t doing this on your behalf, then I strongly suggest rethinking how and who is the best fit for taking care of your investment.

For more information on how to ensure a strong relationship with your Las Vegas Tenant, or Las Vegas property management in general, contact GoldenWest Management, Inc. today. Connect with us online or by calling us at (702) 685-7696.

For Rent San Diego
For Rent San Diego

Questions about how to deal with Tenants get asked all the time. Usually it happens when meeting with prospect property management clients who want to know our secret for handling “problem Tenants.”

If you’ve had properties For Rent San Diego for any length of time you know that it’s more than likely that you’re going to have at least one tenant who you can classify as a “problem tenant”.

Here is a sample of some “problem” questions I get asked all the time:

Problem #1 – Your Tenant Is Destroying Your Property

I want to avoid having to evict tenants who are destroying my property before I potentially pay thousands of dollars to get my rental back in good shape. How do I negotiate with the Tenants to get them to leave without eviction?

Problem #2 – Tenants Have Disobeyed Your Rental Property Rules

My Tenants never follow posted rules, like a no pets. How can I force them to comply without sending a notice to cure or a notice to pay or quit?

Problem #3 - Your Tenant Is Late With Their Rent

My tenants are chronically late with their rent…how can I create a strict policy that the Tenant will follow, such as when rent is due and how much of a late fee tenants will be charged?

Solutions

For all you self managers…these questions are always the same…But the solution I provide never changes. And it starts with this one question: “What did the Tenant’s Application look like before you turned over your rental to them?”

If they don’t have strong, “seasoned” credit; if they don’t make at least 2.5 times in verifiable income; if they have felony criminal history; if you can’t seem to get a good reference or rental history from their past Landlord…why did you rent to them? what were you expecting?

If your answer is any of the following, then please call me so I can help:

  1. I talked to them and I got a good feel. I am really good at reading people
  2. I looked them up on facebook and they looked fine
  3. They told me they had identify theft and that is why I couldn’t run their credit (feel free to substitute identify theft with any story that takes more than 10 seconds to explain).
  4. They told me they don’t have good credit but that I could call their current landlords and they will tell me they always pay the rent on time…here I have their cell phone number
  5. They were getting a job transfer so I couldn’t verify income, but I got a letter from their new employer and it looks legitimate

I guarantee you if you follow GWM screening guidelines, you will not have these problems. GWM has less than .1% eviction rate each month…to put that in perspective, if we manage 1000 properties, less than 1 Tenant per month is evicted.

It’s a combination of experience, standard operating procedures, but more than anything else, it is due to effective Tenant screening procedures.

Why am I telling you this? Every month another landlord comes to us with the same questions and the same story…often we are too late to help. So after they pay thousands to get rid of their current tenant or simply put their home back together, only then can GWM help them.

I don’t want you to have to have these problems…GWM wants to earn your business and provide you the level of screening and service that sets you and your property up for success.

Got A Property For Rent San Diego? Contact Goldenwest Management

For more tips or to learn more about our property management services for your home For Rent San Diego contact us today by calling (858) 792-3442 or click here to connect with us online.

 

LAS VEGAS – If you’ve lived in Las Vegas for any length of time you know that we have a problem with squatters and this is thanks in large part to the collapse of the Real Estate market in 2007 which resulted in many foreclosures in Las Vegas.

Even though the Real Estate market nationwide is back on track we still have a problem with squatters in Las Vegas due to distressed or foreclosed home. Thankfully a recent partnership with the police, Greater Las Vegas Association of Realtors (GoldenWest Management is a member!) and the City of Las Vegas is going to take steps to solve this problem.

A Partnership That Makes Sense

There’s no denying that a partnership with GLVAR and the police makes sense because Realtor’s® and Property managers are many times the first people who visit homes and it’s not uncommon for us to encounter squatters or damage to a home before the authorities become aware of it.

Thankfully with this partnership a Realtor® can contact the LVPD immediately and notify them that a squatter is living in a home so the police can head out to that property and start taking steps to remove the squatter.

A Criminal Offense

Thanks to Assembly Bill 386 it’s now a criminal offense for a squatter to re-enter a home that they have been previously removed from.

Realtors, Las Vegas property managers and homeowners are optimistic that this partnership between GLVAR, police and the City of Las Vegas will finally do something to solve the problem with squatters in the city because right now there are over 3,000 vacant or distressed homes in Las Vegas and that number is only expected to rise in 2016.

The Greater Las Vegas Association of REALTOR® (GLVAR) is a 12,500 member organization whose agents are often charged with listing and selling these homes. According to GLVAR President Keith Lynam, when real estate agents go to inspect the property, they find some of the homes are illegally occupied.

“More often than not, people inhabiting these dwellings are in the homes without the owner’s permission, they are not paying rent and they are engaged in some kind of criminal activity”, Lynam said. “In some cases, the unlawful occupants may claim to have leases, but in reality, the leases were most likely fraudulently given by someone claiming to either own the property or be a representative of the property owner.”

Get Las Vegas Property Management

GoldenWest Management is dedicated to working with our local law enforcement as well as GLVAR so that we are at the forefront of this issue. If you are self managing, would you have known about how to cure a problem like this? To get more information about Las Vegas Property Management contact Goldenwest Management today by clicking here or calling us at (702) 685-7696.

 

 

By Goldenwest Management, Inc.

PHOENIX – There’s no denying that owning rental properties is a great way to build wealth, especially in Arizona. Sadly, many landlords think that just because they “own” the property they can manage the rental in whatever manner they seem fit or “fair.” For this reason, the Arizona landlord-tenant act comes in to play to set some basic guidelines for both Landlord and Tenant to fall.

If you’re not familiar with our Arizona residential landlord-tenant act, this law, lays out the framework for what landlords and tenants can and can’t do when it comes to issues during the lease of a mobile home, apartment, or single family home.

What Landlords Cannot Do

Thanks to the Arizona landlord-tenant act (A.R.S. §§ 33-1401 - 33-1501.), we know that landlords can and cannot do certain things under this act including:

  • Frequently disturb a Tenants right to “quiet enjoyment” of the home.
  • Landlords cannot ask a tenant’s sign a lease that requires them to waive their rights.
  • It’s also illegal for landlords to allow someone to live in the rental property rent free in exchange for the landlord not maintaining the rental property.
  • In Arizona landlords also may not choose to rent a property to anyone on the basis that the tenant has children.

What Are The Tennant’s Obligations?

Under the Arizona Landlord-Tenant Act we know that tenants do have many requirements placed on them including:

  • Tenants must keep their residence in a state of habitability to include clean and free of health hazardous material.
  • Dispose of all trash on the premises.
  • Keep all fixtures and plumbing in working condition including heating or air-conditioning systems.
  • Not negligently or deliberately destroyed the rental property or allow of friends, family member or associate stay on the property to in-depth destroying the rental property.
  • Report to the Landlord in a timely fashion repairs and damage.
  • Obey basic rules and regulations including HOA and development ordinaces.

If you think some of this is common sense, GoldenWest would agree. However, most situations and problems arise from issues that are in the “Gray Area” of the Landlord-Tenant law. This is where experience and history with working through fair housing and Tenant issues come into play. There isn’t a day that goes by where the GWM team doesn’t have a new “story” about an odd or unusual landlord-tenant issue.

Learn More

To learn more about the Arizona Landlord -Tenant act or Phoenix property management, contact Goldenwest Management today by calling us at: (602) 765-4750 or click here to connect with us online.

Veterans Day

By Goldenwest Management, Inc

On Wednesday 11/11/2015 all Goldenwest Management, Inc offices will be closed in honor of our nation’s veterans.

For generations, the men and women of America’s Armed Forces have demonstrated their willingness to put country before self; patriots who serve for the greater good and who don’t seek glory or recognition or personal gain. On Nov. 11, Veterans Day, our nation honors the contributions of the nearly 22 million veterans living today, and all those who made the ultimate sacrifice in the name of liberty and justice.

History has provided us with extraordinary examples of their selfless deeds. They’ve brought hope, faith and liberty to millions of people around the world. The true number of people who have benefitted cannot be calculated and the number of erected memorials or speeches delivered doesn’t begin to represent the true scope of service our nations’ veterans have provided.

The debt owed to the defenders of this great nation is ever-present and it is imperative that on this Veterans Day, we take the opportunity to keep alive the memories, sacrifices and accomplishments of our nation’s veterans.

Source – vfw.org

How To Honor Veterans:

It’s the one day set aside each November to honor those who have served and continue to serve our nation. The holiday also offers a great opportunity to teach civilians about the sacrifice service members and their families make year-round. How do you plan to celebrate this year? Here are some ideas for activities to try at home, school and work.

At home

Wear a red poppy or yellow ribbon to show support for veteran and active duty service members.

Organize a care-package packing party. Check out these tips and ideas for putting together a great care package. If you don’t know someone currently stationed overseas, contact a nearby base or an organization like Blue Star Moms to identify troops in need.

Visit a veterans’ hospital. Chatting with elderly or injured veterans is a great way to brighten their day, plus you’re likely to hear some highly fascinating stories about their time in the service.

Get creative. Check out this article for some patriotic craft ideas. For young children, a fun project is a great way to start teaching about the holiday and its importance.

At school

Encourage your child’s teacher to develop a Veterans Day lesson plan. A timeline or short writing project is a great way for students to learn about the holiday’s history. This article offers a few other educational ideas.

Invite a veteran — a parent, grandparent or faculty member, perhaps — to speak to students about what it’s like to be in the military. Don’t know any veterans to invite? Contact your local VA; their Public Affairs Officer will likely be able to identify a good guest speaker. There are many veterans who work at VA facilities and would be happy to be to speak to students.

At work

Take time out of the day to acknowledge veterans in your workplace. Consider an office-wide coffee break featuring these remembrance poppy cookies or a yellow ribbon cake. You just need your favorite cake mix, yellow frosting and a ribbon pan. During the event, make sure to recognize each veteran employee. (Plan ahead to make sure you don’t miss anyone.)

Source – Veterans United

Happy Veterans Day!

Contact Goldenwest Management, Inc

To learn more about our property management services or to view rentals contact us today by clicking here or calling (866) 545-5303.