Las Vegas 4th of July Weekend 2015

By Goldenwest Management

Las Vegas 4th Of July Weekend 2015 is right around the corner. Are you ready for it?

In this post we will cover the best things to see and do during the 4th of July weekend so you know where you should be if you plan on visiting Las Vegas over the coming days.

Fireworks

Las Vegas is a great place to enjoy fireworks and you will be able to see them at the following hotels on the 4th of July.

** All shows begin between 9:00 pm and 9:15 pm

  • Stratosphere Casino, Hotel & Tower
  • Caesars Palace
  • Mandalay Bay
  • Stations Casinos

If you’re not going to be in Vegas around 9:00 pm you can find great fireworks shows just outside if the city at Boulder City and Henderson.

Some of the best places to view fireworks in Las Vegas include the following locations: Foundation Room at Mandalay Bay, Voodoo Rooftop Nightclub, Eiffel Tower Restaurant at Paris and Ghostbar at the Palms.

Las Vegas 4th of July Weekend 2015 Parties

Las Vegas is certainly one of the best places to party in the world, especially during the 4th of July 2015 Holiday Weekend.

Here are some of the best places to party on the 4th if you plan on coming to Las Vegas.

Stratosphere – There’s going to be tons of parties at the Stratosphere including the following:

  • Tower Party – 6:00 pm to 7:00 pm.
  • Level 10 Lounge Party – 7:00 pm to 11:00 pm.
  • Radius Rooftop Pool & Wet lounge – 6:00 pm to ?

High Roller – There are a variety of 4th of July packages available via High Roller and they start at 7:00 pm.

Eifel Tower Experience – Party starts at 8:45 pm.

Jimmy Buffett’s Margaritaville – Enjoy the 4th of July at Margaritavilla! This party includes an open call “grand bar” plus heavy appetizers.

Rent In Las Vegas

To learn more about how our property management services call GoldenWest Management Inc today by calling us at 702-685-7696 or CLICK HERE to connect with us online.

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By Golden West Management

If there was one thing I hear all the time when talking to clients about their important item their property manager pays attention to, it’s finding a great Tenant. And I agree, the key to success with owning rental property in San Diego is knowing how to find an “A Rated” Tenant.

What is an A Rated San Diego tenant?

“A Rated” Tenants have the following tangible characteristics that we as property managers look for when we are screening prospects:

  • Credit Score – All Tenants must have a minimum of a 685 FICO score (or cumulative Average over 700).
  • Income Verification – Tenants have verifiable paystubs (not some word document cut up) showing their gross take home pay is 2.5 times the monthly rent.
  • Rental history verified from previous landlord, with more preference given to prospects who rented from a professional management company.
  • No Felonies of any kinds.

Sadly many San Diego property owners fail at doing the most basic screening required to protect themselves from the next unqualified Tenant.

What if the Tenant isn’t “A Rated”?

Of course not all prospects are going to be “A Rated” on paper, and not all “A Rated” Tenants are a bed of roses. But you have to have some basic guidelines in place before you begin to make calculated exceptions.

  1. Throw “intuition” to the wind. If you search someone’s Facebook to rely on whether they will take care of your home, or if you think that all those nice emails and friendly phone calls are going made you “friends” now you never have to worry about the renting being late is just nonsense.
  2. Don’t ignore red flags: Every time there is a “story” involved, you should immediately run for the hills. People with bad credit can usually some it up in one sentence what happened and it’s enough to move on: “I had a bankruptcy in 09 after I lost my job” or “I have medical collections from 2012 when I was hospitalized for 3 days.”
  3. Utility collections and Evictions: If it shows that they have collections from an Apartment or Utility service, you should not rent to them unless they can show proof of cleared account. This says there is a high probability that they have been evicted or broken a lease which means they won’t have an issue doing it again. Be advised that prospects may have paid back those debts, so ask them to obtain proof from the Apartment or previous landlord.

If a prospect is deficient in one area, then make sure they can make up for it in another. For example, if the Tenant has a foreclosure on their record and their score is in the low 600’s, but they show paying every other basic trade line on time and make a lot more than 2.5 times the rent, you would have grounds for considering them. Perhaps a little extra in deposit, or maybe a few months in advance will be enough to take care of what it would cost to have to evict them ($500 - $1000+).

The goal is to make an educated decision based on the factual background history of the applicant, and not based on “gut feelings” or “good rapport.”

Family Members and Pets

This is most important and something we need have to remind Landlord’s all the time. Just because applicants may have pets or lots of kids (or grandma and grandpa) living with them doesn’t make them a bad prospect.

Pets are a huge part of today’s modern family, and GWM has found that “A Rated” prospects don’t let their pets or children destroy a home. They don’t want the dog or cat peeing on the floors any more than you do. They certainly don’t want little Johnny or Susie coloring on your favorite bedroom walls. Most important, these people have the credit and income that they want to protect…they don’t want to lose their security deposit or wind up in court where there good credit can be ruined for a long time.

What Do You Gain By Hiring A Property Manager?

If you’ve been searching for a Tenant in the wrong places then it’s time to hire GoldenWest Management, Inc to manage your rental property in San Diego.

Benefits of working with us:

  • Complete background checks
    • Tenant credit
    • Criminal record
    • Paystub verification
    • Rental history verification
  • Professional showings of your property (strangers aren’t unaccompanied at your home)
  • Standard operating procedures to deal with Service and Support Animal requests as well as Disability need and fair housing course qualified…you don’t want to have HUD at your door.

Our experienced property management staff is especially efficient at managing single and multi-family properties in San Diego so you can focus on your family, work, or your golf game.

We have over 15 years in property management and have the skills you need to negotiate a landlord friendly lease with new San Diego tenants every time.

Contact GoldenWest Management, Inc

To learn more about how our property management services call GoldenWest Management Inc today by calling us at (858) 792-3442 or CLICK HERE to connect with us online.

San Diego Renters

By GoldenWest Management, Inc.

You just purchased a new rental property and like many property owners have found that it’s not always easy when it comes to connecting with the right San Diego Renters.

Thanks to the internet there are literally hundreds of websites and resources online which you can use to connect with more renters and have a larger pool of prospects to choose from when renting your property including the following:

#1 Rentals.com – top paid site around

#2 Zillow/Trulia – top free site around and now a merged company

#3 RealRentals.com – free site and will syndicate your listing to a million other sites

#4 AHRN.com – specific to Military families

#5 Craigslist – you have to syndicate every week though because thousands of people lists home every week, and your home gets pushed down

#6 Hotpads – Lists property on a map like platform

Unfortunately, none of these sites help with the following:

  1. Taking calls and “setting appointments”.
  2. Conducting showings.
  3. Screening prospects.
  4. Preventing scams – yes without a company platform, it is easy for scammers to take your posted listing and pictures a duplicate it for a scam.
  5. You get very little syndication, which professional companies like GWM syndicate to over 50 sites throughout the web.

Sadly, although these resources are convenient none of them are going to negotiate a landlord friendly lease term.

To save time and money with managing your San Diego Rental Property  hire a skilled property management team to professionally manage your rental property.

Find More San Diego Renters

To save time and money with San Diego Property Management contact GoldenWest Management by calling us at (858) 792-3442 or click here.

Phoenix Rental Property

By GoldenWest Management, Inc

Phoenix, Arizona – Are you just getting started with owning Phoenix Rental Property? If so, here are 5 tips you can use to manage your portfolio of income properties efficiently and grow your business.

Tip #1 – Always Screen Your Tenants

Never go with your “gut instinct” when it comes to your tenants, you should always screen your tenants by checking their credit, background history, references and work references.  Don’t make it an emotional decision, it will protect your home as well as keep HUD (Fair housing) away from any type of discrimination complaints. If you don’t have a set approval process (heuristic of some sort) you run a high chance of having a case brought against you…and it doesn’t require a lawyer for a jilted prospect to make your life miserable.

The tenant screening process is a vital part of owning any rental because it will give you the best opportunity to protect yourself. We have a great saying in our office, “once they are in, their in.”

Tip #2 – Get Everything in Writing

Always document your relationship with your tenants including if they complain about different issues, or have complaints made against them, because, a written history will only protect you if you need to one day face your tenant in court. Demand that they provide a move-in inspection report. Don’t think that because they don’t send a condition statement, that when they move out, you will be in the clear. The onus is on YOU, the landlord, to give them every opportunity to note any issues with the property.

Tip #3 – Use Your Head with Security Deposits

When it comes to security deposits you never want to do things on the fly. You must have a clear system for collecting, settling and holding security deposits because, return of the security deposit is one of the top reasons why most property owners find themselves in a dispute after a tenant moves out when they could have avoided disputes by being clear from the very beginning.

In Arizona, a private owner can commingle the security deposit in a personal account, just so long as you maintain proper accounting records.

But when it comes time to move out, you have (14) business days to send a deposit disposition, including any remaining balance left over (depending on deductions) to the Tenant. We recommend certified return receipt if you mail the refund.

Most important, the Tenant’s security deposit is not your slush fund to remodel your home…for those landlords who think that you can hit the tenant for all repairs (full paint job, brand new floors) you are in for a surprise in Maricopa County small claims court.

Tip #4 – Keep Your Word about Repairs

Things will break down over time at your Phoenix Rental Property and it’s important to always keep your word with tenants about when they can expect to have repairs made since some tenants may consider withholding rent or moving out without notice if they classify your rental as not habitable.

You have 48hrs to address habitability issues – think about when the AC goes out on a Saturday in July. After that the Tenant has the right to fix the problem and deduct it from the rent or go get a hotel and deduct the accommodations from the rent. Make sure you have contractors that will respond or you will have issues.

Tip #5 – Don’t just show up at your rental home.

I hate to break it to many landlords, but you have the right to “reasonable” inspections…which I have personally seen the court say anything less than quarterly is not going to fly. In addition you have to give written 48hr notice prior to stepping foot on the property unless its an emergency repair. The court will not let you “disturb” the tenant’s right to quiet enjoyment of the property, regardless of whether you think you were had a right to be at the home or not.

Get Phoenix Rental Property

Review the above items…if you don’t live close to the home, there is no reason for you as individual to ever roll the dice of managing a property on your own. Even if you live right down the street, if you don’t aren’t an expert in landlord-tenant law, you absolutely should consider hiring a property manager. Those (5) tips are just small samples of what professional property managers in phoenix like the staff at GoldenWest Management deal with every day, for hundreds of properties.

Phoenix Rental Property

For more information about Phoenix or Scottsdale Property management contact GoldenWest Management, Inc today by calling us at (602) 765-4750 or CLICK HERE to connect with us online.

San Diego Rental Property

By GoldenWest Management, Inc.

SAN DIEGO – One of the best ways you can attract a better quality Tenant for your San Diego Rental Property is to create a home which sets itself apart from the neighborhood competition.

In today’s post, GoldenWest Management, Inc. located in Carmel Valley shares with you 10 ideas you should incorporate to start attracting the “A” rated Tenants. This is applicable whether your home is in Del Mar, 4S Ranch or La Jolla, these tips work everywhere her in San Diego.

Step 1 – Price, Price, Price!!!

Before we talk about things that will cost you money, take a second to review your competition.

The market does not care what your mortgage and total overhead cost is, the market sets the rental price on:

  • What the neighborhood says your type of home (size,bdm,ba,amenities) should rent for…usually it is a set range, and then
  • The time of year, ease of showing, overall condition of the property.

Tip - Because you have $50k in upgrades does not make your home worth 25% more than the market, but, it absolutely will get people to climb over each other to rent it at a little above market.

Step 2 – Spruce up Curb Appeal

Take the time to improve curb appeal by adding potted plants and or flowers to the front of home; painting the front door, clean up the walk way, spruce up the stucco (when was the last time you hosed it down)…buy a new mail box and removing any trash or debris which may have been left by previous tenants.

Step 3 – Improve the Kitchen

Yes, you may be on a budget, but, you can affordably renovate the kitchen in your rental property by doing a basic kitchen renovation which consists of:

  • Sanding and repainting or staining cabinets.
  • Adding new hardware to drawers or cabinet doors.

For $700 you can stain/repaint old cabinets, add new knobs, and self-closing hinges. This is much better than spending $20k on a new kitchen.

Upgrade the lighting (yes that old box light on the ceiling should be removed).

Add a new faucet ($75 to $100 cost).

If you have money left over, think about upgrading flooring (laminate wood)…in a small space can be done inexpensively or you can even do it yourself.

Step 4 – Renovate the Bathrooms

Another great way to attract the perfect renters for your rental home in San Diego is to renovate the bathrooms in your property.

Picture frame mirror, new light fixtures, new faucet and lastly new towel racks can be done relatively inexpensively…caulk the tubs or add on a glass slider to the old tub and you have a whole new bathroom.

Step 5 – Create an Outdoor Space

If your Rental Property doesn’t have a well-defined outdoor space you should consider creating one, especially by lights, zero-scaping, colorful plants, and when possible patio furniture and grill. People want a place to relax or entertain that is outside.

Step 6 – Thoroughly Clean Your San Diego Rental Property

Before listing your San Diego Rental take the time to thoroughly clean it from top to bottom since most renters will be “turned off” by a dirty rental property.

Every Landlord who has ever said, “oh I cleaned it myself” or “we can just wait until after its rented to have a professional clean and carpet clean” is just not thinking…seriously, would you go buy a new car and be happy to see debris and dirt inside?

People need to see your home at its best, so take a few hours, better yet PAY A PROFESSIONAL and get the place taken care of.

Step 7 – Take Great Pictures of Your Rental

The last step is to take great pictures of your rental property before you list it for rent.

Consider hiring a professional photographer to take pictures of your property since this will eliminate you having to shoot those pictures yourself. $125 - $150 will get you 30 high gloss digital photos that you will have for years.

People choose a property manager and a home rental online…they simply “swipe right” those ads with bad pictures.

Save Money on Managing Your San Diego Rental Property 

Are you tired of managing everything about your San Diego rental yourself and are ready for a change?

Contact GoldenWest Management, Inc. today to learn more about our affordable property management services and how we will free up your time so you can spend more time building your portfolio of San Diego Rental Properties.

Call us at (858) 792-3442 or CLICK HERE to connect with us through our website.

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By GoldenWest Management, Inc

Whether you own one home or a growing portfolio of Las Vegas Nevada Rental Property grows so will your need to have vendors you can trust to handle repairs and maintenance. If you don’t have a Property Manager to handle these items, then you will need to create your own “vendor matrix.” Its not a matter of if you’ll need a service technician, but when.

Which Companies Should Be In Your Vendor Matrix?

When creating your vendor matrix it’s important to have companies you can call for any issue including:

  • Handyman
  • HVAC service tech
  • Plumber
  • Landscaper
  • Appliance Tech
  • Roofer
  • Painter
  • Electrician
  • Cleaner
  • Carpet cleaner

As you create your vendor matrix you will want to verify that your vendors are: licensed, bonded, insured and are able to offer service at all hours of the day or night if needed.


 

Add Backup Vendors to Your Matrix

Another important thing you want to do when creating your vendor matrix is to add backup vendors.

These will be companies you can call when your primary vendor is sick, on vacation or unable to offer service for any reason when you need something done quickly.

How to Effectively Choose Vendors

Since choosing the right vendors is the key to success with keeping your Las Vegas Rentals running smoothly you should focus on choosing the right vendors by following these simple tips:

Tip 1 – Search for vendor feedback online BEFORE choosing them. You can use websites like Yelp, Yahoo or Google for this.

Tip 2 – Ask your family members for referrals to vendors they trust. This is a good way to choose vendors since one or more of your family members will know someone they will recommend for basic services which need to be done in a Rental Home like: Handyman, house and carpet cleaner, and HVAC Tech.

Tip 3 – Ask your current vendors who they recommend for the vendors you need to add to your vendor matrix. Most companies will know someone who offers the services you need so it never hurts to ask!

Get Las Vegas Property Management

Do you really want to take maintenance calls at all hours? Do you really want to rely on the “he said, she said” of whether a repair was completed or not? For Las Vegas property management contact Goldenwest Management, Inc today by CLICKING HERE or calling us at (702) 685-7696. We have plenty of tried and tested service technicians that will service you rental properties day or night.

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A Step By Step Guide by GoldenWest Management, Inc

Investing in Las Vegas Rental Property is one of the best ways for you to begin to build wealth and establish long term cash flow for your family.

If you’re thinking about buying an Investment Property for the first time here’s how you get started with buying your first property in a step-by-step process.

Step 1 – Do Your “Homework” First Before Buying

Competition in Las Vegas is fierce among rentals…Its important to ask yourself these questions:

  • Where do you want to purchase a rental property?
  • What type of rental do you want to buy and why?
  • Which neighborhood do you want to purchase a rental property in?
  • What is the average rent in the neighborhood where you want to buy a rental?
  • What is the return on investment (ROI) you can expect from your rental property?

Step 2 – Get Financing For Your Rental Property

Contact a lender or mortgage broker to get pre-approved for a mortgage loan.

Make sure you speak with at least 2 or 3 lenders or mortgage brokers since mortgage interest rates are the lowest they’ve been in decades and you will be able to get an excellent mortgage interest rates.

Keep in mind that many condo developments will not allow all types of financing, and often only accept cash offers due to loan restrictions.

Step 3 – Create A Plan And Stick With It

Once you know the rental you want to purchase it’s important to create a plan to start searching for rental properties which match your search criteria and not get distracted by other properties which don’t match what you’re searching for in a rental.

Many people fall for homes which have big yard spaces or nice kitchens but then forget to stick with their budgets and if they are unable to rent their Las Vegas Rentals out they end up getting stuck with paying a second mortgage payment for a home they are not even living in.

Step 4 – Hire a Las Vegas Property Management Company

Last of all, but most important, hire a Property Manager to professionally manage your rental property. Do it before you close escrow so they can help market and guide your fix-up questions before you have to start paying the mortgage.

This step will save you the time, money and hassle of having to manage your rental on your own and it will ultimately free up your time to focus on buying another rental and growing your portfolio.

Learn more about how GoldenWest Management, Inc can help you by clicking here to connect with us online or by calling: (702) 685-7696.

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By Goldenwest Management

So you’re thinking about getting started with San Diego Rental Property. That’s awesome news but, before you start investing in a San Diego Rental it’s important for you to take a step back and consider the importance of the snowball effect and how it can help you as a Real Estate Investor.

What Is The Snowball Effect?

The snowball effect basically follows the Warren Buffet investment strategy of the “snowball” or buying and holding onto an investment over the years so you can accumulate cash flow.

This investment strategy works well in Real Estate since you can easily have your rental properties pay for themselves over the years if you buy, hold and use the cash flow from your existing rental properties to buy more rental properties.

Snowball Effect in Action

For example:  Let’s say that you’ve bought two rental properties and after expenses both rental properties are generating you about $500 per month each, or an extra $12,000 each year.

If you save the profit from your San Diego rental properties you would be able to buy another rental in about two years and if you continue following this strategy over time it’s possible to pay all cash for your rental properties in the future.

Think Long Term

As a Real Estate investor it’s best to think long term and realize that if you can buy and hold onto your properties for the next 10, 15 or even 20 years rather than using that income now, it’s possible to buy one property per year moving forward and to own an awesome portfolio of San Diego Rental Properties.

San Diego Rental Property Management

As you build your portfolio of San Diego Rental Property let Goldenwest Management be your property management partner who will save you time and money while you enjoy the rewards of owning rental property.

To learn more about how our San Diego Property Management service can help you grow your rental property portfolio call us today at (858) 792-3442 or click here to connect with us online.

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By GoldenWest Management

HENDERSON – Thanks to the hot Real Estate market, and demand for rental property, you may be thinking about getting started with buying Rental Property in Henderson, Nevada.

Owning rental property is a good investment choice since the there is a high probability of positive cash flow and long term appreciation by the asset. Before you get started make sure you learn these simple rules for owning rental property.

#1 – Focus On Consistency

During the time that you own in Henderson, your primary goal should be to be finding quality, long term Tenants. Turnover and vacancy absolute kill your bottom line.

Focus on setting a  conservative price, screening for “A” rated Tenants, and encourage them stay long term and make upgrades (with permission) so that they feel “at home.” Let them paint, plant a small garden, and make the home nicer. When there is a benefit for you, chip in on the expense…trust me it will make the Tenant want to do more.

#2 – Always Create a Paper Trail

As your portfolio of Henderson Nevada Rental Property grows you may deal with a problem situation from time to time and that’s why it’s always best to document everything with your renters including: Taking pictures of the unit before they move in or out, making copies of documents, and always using email to “follow up” on phone conversations. Avoid the “he said, she said” at all costs…creating a “paper trail” will only protect you later on.

#3 – Check Your Renters References Thoroughly

Before renters move into your property it’s important to always check their references including: income verification and personal references because, it’s very common for a renter to use “fuzzy” references on their applications and checking the items on their applications thoroughly before the move in may save you the time, money and hassle of choosing the wrong renter.

Rent Your Henderson Nevada Rental Property

Let GoldenWest Management save you the time, money and hassle of renting your Henderson, Nevada Rental Property.

Contact us today at (702) 685-7696 to learn more about our property management services or click here to connect with us through our website.

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By Jayson Yoss

Las Vegas, Nevada – So you want to renovate your Las Vegas, Nevada Rental Property but aren’t sure what renovations you should make to your single family home.

There’s no denying that the Real Estate market is changing, and the renovations property owners were making to their homes last year are not always the same as those in demand this year. In Today’s post we will share with you 3 tips you can use to increase the value of your single family home.

Tip #1 – Make Your Home More Energy Efficient

 In 2015 most renters are not just searching for a home which has 3 bedrooms, 2 bathrooms and plenty of square feet, they are searching for rental homes which are energy efficient and environmentally friendly as well.

You should consider adding energy efficient windows, low flow water faucets and one or more dual flush water closets to your home because, this will help your rental property to be more energy efficient, while helping your renter to save money as they lower their carbon footprint at the same time.

You also have to point out these cost saving features to your Tenant. If you show them that they are saving $80 per month in their electric bill, they want to choose your home over a comparable property down the street.

#2 – Kitchens and Bathrooms – Your money maker

We all know that most people spend a lot of time in their kitchens for everything besides just cooking this is why you should renovate the kitchen for your Vegas Home. But not everyone wants to spend $25,000 on upgrades so here are some good pointers:

  • Back splash – you may not change the counter, but a nice back splash will make your kitchen “pop.”
  • Upgrade the lighting – recessed lights, drop lights, but whatever you do get rid of those old fluorescent light fixtures. You can even get bold and go with contrasting color pendant lights.
  • Accessorize – Add new knobs, handles, hinges wherever possible. For the bathroom, picture frame mirrors are the new trend and give you multiple options for later changes or upgrades.

#3 – Finish the Garage

Unlike in years past when the typical search criteria for a Las Vegas rental property didn’t mention anything garages except how many spaces, now you need to set your home apart.

Get rid of those unfinished walls; add a small set of cabinets, and if epoxy your garage floor. It is a cost effective way to set your home apart and make the renter who “loves her car” or “needs a space for tools and storage” to know that your house is “the one.”

Get More Las Vegas, Nevada Rental Property Tips Here

Speak with our team of experienced property managers about renting your Las Vegas Nevada Rental property, contact Goldenwest Management today by clicking here or calling us at (702) 685-7696.