locksmith

When you hear the term pickpocket, you probably think of a sketchy character in a hooded sweatshirt on a crowded street or subway, looking to lay hands on whatever you might have in your wallet. But what about the guy who just rolled up in a nondescript car and unmarked t-shirt that you called because you are locked out of your house? Would you ever consider the possibility that he is there to pick more than just your locks?

The sad and terrifying fact of the matter is that 95% of all online locksmith ads are scams, meaning the $10 locksmith you selected from the top ad results on Google is not the trustworthy professional you want working on your home locks. 

The tamest of the scammers might only hit you with additional fees after finishing their work or do a subpar job working on your locks, but the most serious offenders won’t stop short of stealing your identity or even making their own copy of your keys with the intentions of returning later when you are not around. 

The best way to prevent a locksmith scam is by educating yourself and finding a locksmith you can trust before you need one. With Mr. Rekey’s Locksmith Scam Survival Guide, you will discover all the ins and outs of locksmith scams, what you should and shouldn’t expect from a locksmith, scam warning signs, and everything else you need to know in order to protect your home and identity. 

San Diego Property Management

SAN DIEGO, CA – When it comes to owning San Diego Rental Property one thing you know for certain as a landlord is that situations change, tenants come and go, and you may come a tenant who needs to change the terms of their Tenancy.

A common form of this can come in the way of subletting a room or the entire property. This happens for a myriad of reason stemming from the loss of a job, a roommate, the need to relocate, or just as a way to save money. If handled correctly, subletting is normal process when you are a residential landlord.

When Is Subletting Okay?

Some leases say that subletting is not allowed; or if it is allowed, only with the expressed permission of the Landlord. This is the key to success…you as a landlord have to be involved in approving the sublessee.  Make sure your rental agreement makes this a requirement for subletting.

What Should You Require For A Tenant To Sublet?

Besides having the new tenant sign a sublease application, you should still have time to do a background check on the new tenant before they sublet your San Diego Rental Property, and you should also require your tenant to take pictures of the property before they sublet it just so you know of the condition of the rental after the subletting tenant moves out.

Is It Better To Trade Out Tenants?

Often times, it may be more beneficial to simply release the current Tenant in order to start fresh with a new Tenant. The key is making sure that you as the Landlord are in a position to continue to get the rent. Whether it is trading out roommates on an existing lease or taking in a whole new set of Tenants, it is important to make sure that you are comfortable with the new Tenants. As mentioned before, the only way to do this is to have any new or potential renters go through the complete screening process. If they are equal to or better than the Tenants requesting to vacate or be removed from the lease, then you should have minimal issues moving forward.

Conducting Inspections

When you sublet, whether its changing out the Tenant or just roommates, then you most likely will not conduct a property inspection. It is the sublessor who is responsible for working through property condition and security deposit issues with the Sublessee. However, when you terminate leases to change out Tenants (ie old Tenant moves out, you sign an early termination addendum; new Tenants signs a new lease to move-in) this would be when you would conduct inspections. You would conduct a move-out walk thru and refund of the security deposit with the outgoing Tenants, and of course a move-in walk thru and collection of security deposit from the new Tenant.

Not matter what, make sure everything you agree to is not just in writing, but fully executed by all parties (landlord, tenant and sublessees).

Learn More

To get more tips for subletting your San Diego Rental Property, or to speak with us about our property management services, contact Goldenwest Management today by calling us at (858) 792-3442 or click here to connect with us online.

partial rent payment

PHOENIX, AZ. – Do you own a Phoenix Rental Property and are wondering if you should accept a partial rent payment? More importantly, what are the ramifications of accepting partial payments?

It sounds pretty basic that if a Tenant told you they could give you half the rent today and the other half next week, it would seem like an easy decision. After all, many Landlords would rather take some money than no money. But Landlord-Tenant laws add a few wrinkles that you may want to consider before allowing partial payment.

Make Sure Everything Is In writing

Like anything you do in your business, you should always make sure that when arranging a partial rent payment, it should be in writing. State the amount of the first payment, and the amount of the remaining balance as well as specifically when that amount is due. Your written arrangement should also include any late fees associated with partial payment. Be 100% clear with your tenant on the amount of money they are expected to pay to catch up on their rent.

Partial Rent Payment

Always Fall Back On Your Lease

Partial payment can be a conundrum for many Landlords, but if you simply follow the language in your lease agreement, the terms and penalties are quite clear. By not accepting a partial payment, you have the right to charge fees and penalties as well as eviction. But if you accept partial payment, the terms of your lease for payment can be voided for certain situations.

Some of the consequences can include:

  • Loss of late fee or a daily late fee.
  • Forfeit the right to carry out an eviction.
  • Forfeiture of the ability to collect the remaining balance of rent.

Why Accepting a Partial Payment Is Not a Good Idea

Owning rental property is a business and like any business, if you fail to stick with your lease it’s possible that your tenant will take advantage of your kindness, never get caught up on paying their rent, and always be behind on their payments each month.

Often times the court will not allow you to evict a Tenant in the same month that ANY payment for rent was collected. The courts consider this partial payment and require a Landlord to wait until the next scheduled rent due date to begin the eviction process. This can sometimes be mitigated with a partial payment addendum, but not always.

In addition, many Tenants who are forced into a partial payment situation never recover. Once they start paying late or in a partial payment situation, they can’t get off that cycle, simply because the next month’s rental payment is that much closer.

Learn More

To learn more about partial rent payments and if you should accept them at your Phoenix Rental Property, or to speak with us about our property management service, contact Goldenwest Management today by calling us at (602) 765-4750 or click here to connect with us online.

for rent in las vegas

LAS VEGAS, NV. – For some people, one of the hardest things to do is to promote their home, apartment, condo or town home for rent in Las Vegas on the Internet because they are good with many things but listing a property isn’t something they excel at.

If you find yourself if a similar situation you’re not alone, this article will provide you with listing mistakes you want to avoid so that you will be prepared when it comes time to list your rental.

Mistake #1 – Photos that use Poor Lighting

Yes, it’s true, using poor lighting is actually one of the top mistakes that most landlords and property owners make when promoting their listings online. When a prospective renter sees a rental that has terrible photos they don’t take the time to look at your home in depth; they will continue searching for another listing rather than inquiring about that rental.

To avoid this problem when photographing your rental property, hire a professional. If you don’t want to spend the month then remember to use plenty of lighting indoors and keep the curtains open on cloudy days so that it’s easy for someone to see all of the features that your rental offers them when they view the listing online.

Mistake #2 – Not Staging the Rental for Photos

The key to success with promoting a home for rent in Las Vegas online is actually staging the rental so that when you promote it the rental will look lived in. To do this you should either rent furniture to stage the property for the day or ask your current tenant if you can take pictures of the inside of the rental property before they move out. Taking photos of your home vacant isn’t the end of the world, but the pictures don’t “pop” as well. But you have to avoid background “trash.” Clutter, boxes, misplaced items that just make the pictures look tacky.

Mistake #3 – Taking Pictures With Your Phone

Although you may have a new phone, most don’t take great photos. More importantly, you may not know how to manipulate the phone to at least enhance the photos. If you or a friend has a nice digital camera, this can make all the difference. Again, hiring a professional for $125 - $200 is great.

Promote Your Property for Rent in Las Vegas

With GoldenWest, professional photos, and even aerial photography is all included! We hire the right people to make sure the best angles and money shots are achieved. Get started with promoting your property for rent in Las Vegas by calling Goldenwest Management today at (702) 685-7696 or click here.

San Diego Rental Property

By Goldenwest Property Management

SAN DIEGO, CA – There’s no denying that the rental trends in San Diego have changed over the last 10 years and there are new trends that every owner should be aware of especially if they view their rental properties as a business and are serious about building long term cash flow from their portfolios.

Trend #1 – More Seniors Are Renting

Yes, it’s true, one of the top rental trends in San Diego is that more seniors are renting than ever before and they want to be closer to areas of San Diego where they can live an active lifestyle like Downtown. Today’s senior also wants to live in a walkable area that has convenient access to public transportation, nearby shops, cool stores and the businesses that they use regularly.

Trend #2 – Multiple Generations Are Living In One Home

With seniors renting more in this day and age, we’re also seeing multiple generations living at home with those seniors including Generation X and Baby Boomers. Why is this happening? It could be the result of the recent economic collapse but regardless of the reason if your home has dual living areas or a downstairs kitchenette, you shouldn’t hesitate to promote those benefits when you market your San Diego rental property online.

Rental Trends In San Diego

Trend #3 – More People Are Working From Home

Last of all, but most important, more renters in San Diego and across the United States are working from home than ever before. To be exact, a recent study from Global Workplace Analytics shows that up to 25% of the population is working from home so if your San Diego Rental Property has space for an office, ample storage space or is wired for high-speed internet you should hesitate to promote those advantages when marketing your rental property online.

Learn More

To learn more about the latest rental trends in San Diego, or to speak with us about our property management services, contact Goldenwest Management today by calling us at (858) 792-3442 or click here to connect with us online.

Homeowners Association

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Love them or hate them, homeowners associations are a HUGE part of life for property owners and renters because most condo and town home communities are part of HOA’s as are many new home communities which are being developed across the United States.

States like Nevada have extremely strict HOA laws….basically, HOAs are like God in those states, with the ability to have their liens and fines, trump first lien position mortgages and so much more.

Arizona and California are a little more measured however, but HOA’s still have a lot of power in these states.

How Do Homeowners Associations Affect Tenants?

The HOA has governing documents and rules that allow for all types of restrictions on the way you must live in their community.

  • Landscaping
  • Exterior displays
  • Exterior condition
  • Lights
  • Pets
  • Move-in times and dates
  • Parking, including use of your driveway and garage
  • Guest use of community facility
  • Speeding

HOA’s also have the power to enforce fines on the property; whether you agree or not. Though HOA’s usually have to provide the occupant with a written notice (basically a warning letter) first, once that is done they can both fine and hire contractors to make the appropriate corrections.

Now the fines are normally levied directly on the homeowner, and not the Tenant. But this is a mere formality as most leases, and more importantly, verbal occupancy agreements, support the rights of Landlords to push these fines, plus administrative fees, back to the Tenant.

A Tenant that doesn’t pay these fines and fees can be given the notice to cure and then evicted.

Usually, an HOA board will hold hearings for HOA violations or infractions. However, many HOA’s do not allow the Tenant to speak during such hearings; only the property owner may address the board.

How Do Homeowner Associations Work With Landlords?

Landlords must send a Tenant a copy of the Rules and Regulations at the time of lease signing. Once this is done, the Tenant has the right to review and can potentially cancel their lease if they find things that may not be conducive to their living situation. Some examples would pet restrictions (size or breed) as well as parking restrictions (no work trucks allowed parked on the street or driveway). But once the Tenant takes possession of the property, they are beholden to the oversite of the HOA.

Landlords should use an electronic copy and when relevant, have the Tenant sign an acknowledgement that they received a copy of the CC&Rs. Electronic copies may cost a few dollars to purchase from the HOA management company, but they can be utilized over and over again without worrying about damage or loss that accompanies a paper packet.

HOA’s can be a Tenant and Landlord’s best friend, or a rental nightmare. If you know the facts and proper procedures, then you can protect yourself from a lot of wasted time, energy and money.

Get Property Management Here

At Goldenwest Management we specialize in property management for San Diego, Las Vegas, and Phoenix; to learn more about our property management services in these areas contact us today by calling (866) 545-5303 or CLICK HERE to connect with us online.

Cash Flow

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PHOENIX, AZ. – Are you searching for ways to increase cash flow at your Phoenix Rental Property? If so, you’re not alone. Cash flow is on the mind of every property owner sooner rather than later and what they don’t know is that increasing cash flow can be easy especially if these 5 tips are followed.

Tip #1 – Make Interior Changes to Your Phoenix Rental Property

Although your rental home, condo, town home or apartment may have been a great Phoenix Rental Property in the past the reality is that if you haven’t taken the time to update the interior of your rental you could be turning renters away because your property just looks old and run down.

Some of the interior changes you should consider making include:

  • Replace interior doors.
  • Change interior light fixtures.
  • Refinish or repaint kitchen cabinets.
  • Replace or repaint the mailbox.
  • Install a new toilet.
  • Service or replace the A/C.
  • Paint the front door.
  • Improve curb appeal.
  • Add a new vanity to the master bathroom.

Phoenix Rental Property

Tip #2 – Reduce Vacancy

Reduce vacancy by starting with a more conservative price. Once you have solid renters in place, then stick with 1-year rentals and make rental increases each year using minimum 5% increments.

Vacancy KILLS ROI and cash flow. It’s not worth it to try and squeeze an extra $100 out of a Tenant if that means another month of mortgage payments with NO rent. Do the math, most of the time $100 extra but vacant an extra month, actually loses you money.

 Tip #3 – Increase the Fees You Are Charging

Another way to increase cash flow at your Phoenix Rental Property is to require prospective renters to pay an application fee because this eliminates the cost that you might currently be paying for credit reports or background checks and can boost your ROI by $300 over a 4 year period.

You should also consider increasing your late fee as well while giving a longer grace period at the same time. People always complain about late fees, but one thing we have found is that if we extend the grace period to 7 days, but increase the late fee from standard 10% charges to maybe 15% or 20% (check with local’s laws for maximum charge allowances) then it cuts down on the “excuse” factor with a Tenant.

You get your rent on time, and if the Tenants don’t pay within the grace period, then they agree to pay a hefty fine. It’s hard to argue with a landlord about a late fee when you have a full week to actually turn it in…lost in the mail or I don’t get paid until the 5th become obsolete.

Tip #4 – Streamline Costs by Doing Business Electronically

There are few things nowadays that need to be “mailed” or paper printed. Rent can be paid online; notices can be completed online (with few exceptions). Some companies even charge a service fee for those Tenants who pay online or don’t use emails (meaning everything needs to be physically mailed or posted). $8 check fees and forwarding all postage charges to a Tenant are some ways benefit online payment.

Tip #5 – Hire an Experienced Phoenix Property Manager

Besides the recommendations mentioned in this article one of the very best things you can do to increase cash flow at your Phoenix Rental Property is to hire an experienced Phoenix Property Manager because we will save you the time, money and hassle of managing your rental properties yourself, make sure that your property is rented to the most qualified tenant, and guarantee that you’re paid on time.

To learn more about our property management services contact us today by calling us at (602) 765-4750 or click here to connect with us online.

 

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LAS VEGAS, NV – There’s no denying that property owners have had a lot of great opportunities to buy rental properties over the last two years, especially in Nevada, where prices for single-family homes, town homes, condos, and apartments have continued to stay low compared to other West Coast Rentals while demand for rental properties has remained high.

What are properties renting for in Nevada right now? Last month in Las Vegas Nevada the average rent for a one-bedroom apartment was $779 per month while the average rent for a two-bedroom apartment was $943 per month.

Rental Market Trends

This year we’ve seen the average rent for a typical one bedroom apartment increase by $20 per month while the average rent for a two-bedroom apartment rose by $37 per month.

Many economists and property management professionals agree that the demand for rentals across Nevada, especially in Las Vegas, is only going to continue increasing through 2017 especially in construction and tourism plus other private industries like mining and financial services are also hiring too.

Rental Market Opportunity in Nevada

It doesn’t matter if you plan on buying a rental property in The Lakes, Summerlin North, Downtown, Pioneer Park or elsewhere across Nevada, there are still plenty of great opportunities left to find the perfect rental property especially if you’re looking for a single family home, condo, town home or apartment.

Learn More

To learn more about the Nevada rental market, or to speak with us about our property management services, contact Goldenwest Management today by calling us at (702) 685-7696 or click here.

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West Coast Rental Market

PHOENIX, AZ – 2016 is proving to be another strong year for the West Coast Rental Market, especially in Phoenix Arizona where in July of this year the average rent was $1,051. The average rent for a one-bedroom apartment was $920 per month, while the average rent for a two-bedroom apartment in Phoenix was $1,122 per month (source – Rent Jungle).

Phoenix Rental Market Trends

Like many cities in the West Coast Rental Market we’ve seen nice an increase in rent in Phoenix over the last 6 months as the average rent for a one bedroom apartment has increased by close to $50 while the average rent for a two-bedroom apartment has increased by $64.

The top neighborhoods in Phoenix that have seen the highest rent increases over the last 6 months include Laveen, Desert View, Central City, North Gateway, Camelback East, Paradise Valley, Encanto, Deer Valley, South Mountain, Estrella, North Mountain, Maryvale, and Alhambra,

Why Own Rental Properties In Phoenix?

Besides excellent restaurants, great coffee, plenty of things to do, and awesome water parks, Phoenix also has a growing jobs market and many people are migrating from states like California to escape high taxes and enjoy the quality of life that Phoenix has to offer them.

What’s also great about Phoenix is that people who will move to the area this year will rent for their first year as they get to know the area and that means good news for property owners since a steady demand for rental properties also means consistent cash flow.

Right now you can find many affordably priced rental properties in Phoenix and when you hire Goldenwest for your property management you can sit back and enjoy the added profits from your Phoenix rental properties.

Learn More about the West Coast Rental Market

To learn more about the West Coast Rental Market, or to speak with us about our property management services, call (602) 765-4750 or click here to connect with us through our website.

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Since it was approved in June 2016, BREXIT has been a major news item after the votes were cast for the U.K. to leave the E.U. and following the vote most analysts speculated that what was happening in Britain would affect the United States, but in the month since BREXIT how has it really affected the rental market here?

30 Days after BREXIT

In the days following BREXIT we saw a decline in mortgage interest rates and a plunge in stock markets around the world but since then both the stock market and mortgage interest rates have remained steady.

Right after BREXIT some investors did shift their capital to assets in the United States since properties here are still a bargain when compared to what you can find in Britain but following BREXIT the Britain property market has remained stable and rents haven’t changed that much when compared to where they were before the historic BREXIT vote.

Moving Forward

Over the next 12 months we could see more activity from investors in China and Britain who are seeking the stability of real estate investments in the United States when compared to what’s happening in the UK, especially since it could take 2 years or longer until the U.K. officially leaves the E.U. and becomes independent for the first time in close to 50 years.

Get 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.

We specialize in managing rental properties in Las Vegas, San Diego, and Phoenix Arizona and can help you with our professional property management services.