Tomorrow, Thursday, November 27th, 2014, we celebrate Thanksgiving. Thanksgiving is a time for reflection, family, and gratitude for the many blessings we have as Americans. We will not forget all of the sacrifice required to bring the many freedoms and privileges we enjoy today.
As a property management company, we are very thankful to be able to serve our landlord and tenant customers in the Phoenix, San Diego, and Las Vegas areas. Thank you for your loyalty and patronage. We look forward to a peaceful and happy holiday season. Please let us know if there is anything we can do to serve you better.
Please note that in observance of Thanksgiving, our offices will be closed Thursday and Friday.
One of the biggest disappointments a tenant will face in a rental property transaction with a property manager or landlord is when he or she opens up that check for their returned security deposit. We've seen and heard about many times where tenants were not happy with the return. This is unfortunate because, as we've stated in previous articles about security deposits, losing a security deposit is completely preventable. Disappointment over security deposits is typically a result of the following: ...continue reading →
"What is a Utilities Addendum?" This was a question recently posed to one of our offices. As a way to inform all of our landlord and tenant customers interested in this topic, we're answering this question through our blog. Here's our take on the utilities addendum - A utilities addendum might be something that is added to the lease for the following purpose:
Adding the monthly amount of a utility bill, usually one that can’t be placed into the tenants' name but that they are responsible per the lease, to the monthly rent.
For example, rent is $1000 per month, but the sewer bill of $60 (paid quarterly) can’t be put in the Tenant's name. The addendum stated the Tenant and Landlord agree that rent shall include $20 per month to cover sewer charges and that the Tenant will now be responsible for a total monthly rent of $1020 per month. Note that it is usually an addendum because it is added after the fact and is used to clarify to all parties the exact amount and expectation of payment each month. Without the addendum, the landlord may have to file in small claims court if the Utility charge wasn’t paid. With the addendum, the landlord has a much stronger case to file for eviction for non payment or partial payment of rent from the tenant.
Simply put, it's an agreement between the landlord and tenant as to how the utilities payments will be handled. Having one of these in place can help both parties understand who's responsible for what, and provide documentation to protect each party from a breach of the agreement by the other party. If your lease agreement doesn't contain language about utilities, a utilities addendum is probably a good idea. Feel free to call one of our offices for more info.
We want to take this moment to say "Happy Birthday" to the United States Marine Corps. Today, they turn 239 years old.
Tomorrow is Veteran’s day. The Goldenwest Management offices will be closed in observance of this day and out of respect for all those who have ever put on a uniform in defense of this great nation. Whether it be a fellow employee, a loved one, a sister/brother, parent or grandparent, we want to say thank you to you and your family.
From your friends at Goldenwest Management, we hope you have a happy and safe Halloween this year. For those of you that have stopped by the office, you may have noticed something spooky. For the rest of you, here are some office pictures from Phoenix and Las Vegas. Enjoy and HAPPY HALLOWEEN!...continue reading →
Today's the day! The Mountain Shadows Foundation 22nd Annual Fall Classic Golf Tournament begins today at the Santa Luz Club with a putting contest at 9:30 am followed by a shotgun start scramble at 11:00 am. The GoldenWest Management team will have a presence on the 14th tee to cheer golfers on and raise money for the foundation. As described in a previous post, we will be posting pictures from the event to our social media accounts. However, we have modified the hashtag to '#msfcharitygolf' in case you'd like to check out the action throughout the day.
Again, thank you all for your support, and here's the link to our Fundrazr campaign if you'd like to donate to the charity.
At Goldenwest Management, we pride ourselves on running a values-based property management service. Two of the values of GWM are community and charity. We believe in helping to make our communities stronger, and to support our favorite charities on a regular basis. Our upcoming charity event, The Mountain Shadows Foundation annual "Fall Classic Golf Tournament" is the perfect event to put both of these values in action. Held at the Santaluz Club in San Diego, this tournament supports the Mountain Shadows Support Group of San Diego County. The mission of this group is best described in the statement below taken from the MSF website. ...continue reading →
Today is Columbus Day. Depending on where you work, you may or may not have the day off. The stock markets are open (although bond markets are closed), and many employees of the government will not be working. However, our offices at GoldenWest Management will be open to respond to your questions and issues. ...continue reading →
According to a report released by CoreLogic today, California and Nevada are among the nation leaders in home value appreciation. CoreLogic uses what it calls it's Home Price Index (HPI) to track home sales, and measure the change in value over time. The average gains were actually very good for California and Nevada in the August 2014 report:
Including distressed sales, the five states with the highest home price appreciation were: Michigan (+11.1 percent), California (+9.2 percent), Nevada (+9.2 percent), Maine (+9 percent) and West Virginia (+8.7 percent).
This should serve as uplifting news to landlords and property investors (and those currently looking to get into the market) in those states.
As a property management blog, we have found that some of our most popular posts are those that answer challenging property management questions. Over the past year or so, we've tried to identify those questions ahead of time, and write about them as much as possible. For example, we've written about squatter's rights, the grace period for rent due dates, and security deposit recovery to name just a few. However, we would now like to open up the floor to our audience for questions. Have a landlord, tenant, or property investment question for our property management experts in California, Arizona, and Nevada? ...continue reading →