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Bolld Real Estate ManagementArticles by: Leo Chrenko

BC HOUSING TO DECLINE FOR NEXT COUPLE YEARS

19 Mar

New-housing construction is expected to decline for the next two years according to the report prepared by the research firm Altus Group.  The decrease is influenced by the higher interest rates, new tax measures and a slowing economy. According to Vancouver Sun the report estimates that housing starts in B.C. will fall to 37,475 units in 2019 and further to 36,925 in…

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HOW TO SAVE MONEY ON YOUR VACATION IN WHISTLER

15 Mar

Lots of people take trips to go skiing in the winter months. However, the costs of such getaways can climb quite high. For most people, the cost of travel and supplies for a ski trip doesn’t fit a typical budget, especially when traveling with the family. Here, you can find some pointers for how to plan a successful ski trip…

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THE MISTAKE SMART LANDLORD NEVER MAKES

13 Mar

Many landlords myself included, make one mistake that is not an uncommon one, but you might do not think about it as much as other mistakes. The mistake I’m talking about isn’t property inspections, the property insurance, or even screening new tenants, it’s trying to self-manage your properties by yourself.  Here is why this can be a very bad problem. Managing…

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EMPTY HOME TAX INFLUENCES RENTAL PRICE IN VANCOUVER

11 Mar

According to Vancouver Sun some of the multi-million dollar homes in Vancouver have been rented for a relatively cheap price as a result of the empty home tax. Read a full article how Speculation, Vacancy, and Empty Home Tax influence a drop in a rental price here. See also: Exempt From the Speculation Tax Declaration Resource: Vancouver Sun Rate This Post

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HOW TO MEASURE ROI ON YOUR VACATION RENTAL

08 Mar

While managing properties can be a lot of fun, you should remember that you are running a business. One of the most important factors for any business owner is Return on Investment (ROI). This allows you to see what aspects of the business are performing well and which need to be improved. This article will give you some ways of…

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RENT INCREASE IN BRITISH COLUMBIA

06 Mar

A landlord is only able to increase your rent once every 12 months. The amount is the amount that is permitted by the current law or any additional amount that an arbitrator will decide. The landlord has to use the correct forms and they must give you three months notice before the increase can take effect. The Allowable Rent Increase…

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5 Ways To Keep Good Tenants

26 Feb

The whole point of being a landlord is always to have a constant flow of income from tenants. The problem is that you cannot bring in money this way without having tenant stability. As a landlord, tenant stability is crucial to your bottom line. If you seem to be struggling to keep good tenants longer, you could benefit from some…

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HOW TO INCREASE YOUR VACATION RENTAL BOOKINGS

22 Feb

Bookings are the lifeblood of any rental owner, as you can only make money when people are staying at your property. But how do you increase your rental bookings? This article will answer that question, providing useful, practical tips that should help you increase your bookings. Attractive Listing The first tip is to create the most attractive listing of your…

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How Pet-Friendly Policy Impacts Your Rental Investment

20 Feb

As a landlord, you might see pets in your property as being a bit of a problem. But this really isn’t the case as they can actually be a good opportunity for you. Here are some reasons why I think that pet-friendly rental can be the perfect investment opportunity for your properties as a landlord. Less Vacancy Time Many people…

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How to Pack Like a Pro for Moving

13 Feb

Packing to move can be a chore, but you can make things easier for you. It’s not a good idea to just randomly pack as this can lead to issues and you may break things once you unpack them at the new residence simply because you don’t know what is in the box. Here are a few packing tips you…

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Exempt From The Speculation Tax Declaration

03 Feb

The purpose-built rental buildings are excluded from the definition of residential property under the Speculation and Vacancy Tax Act, and exempt from the tax. But the owners still need to file a one-time declaration for the exemption. The deadline to file for the exemption is March 31, 2019. Learn more about the update at LandlordBC website or visit speculation and vacancy tax website. Rate…

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GET READY FOR THE SNOWSHOEING IN WHISTLER

01 Feb

It is believed that the snowshoe was invented in Canada after local indigenous peoples observed how animals such as the Snowshoe Rabbit could move across the snow easily with their wider paws. It is, therefore, no surprise that as Whistler is a Canadian resort, snowshoe trails are in abundance and range from easy to difficult so all visitors can attempt…

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Managing Your Vacation Rental

25 Jan

Let’s face it; self-managing a property in a vacation area is no picnic. It can be not only time-consuming but also quite stressful, if not downright daunting. You will have to find ways to attract guests, set a fair price, clean, renovate, and whatnot – the whole shebang. Tellingly, you need to hire a professional company to manage your vacation…

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PROPERTY TAX DEADLINES IN BC

25 Jun

Property tax is due this July 2018. The important dates for your property taxes depend on where your property is located: Tuesday, July 3, 2018 Richmond Whistler Surrey Coquitlam New Westminster Tsawwassen Port Coquitlam Port Moody Langley Wednesday, July 4, 2018 Vancouver Burnaby If you do not pay your taxes and any late-payment penalties in the current tax year, your…

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Vancouver rents stop growing…

12 Jun

Vancouver rents stop growing, listings spike amid new taxes and renter protections: data The cost to rent a unit across Vancouver hasn’t exactly dropped, but it hasn’t grown much over the past three months, either. The latest report shows that rent prices have “flatlined since March” for most types of rental units. Click here to read more. Rate This Post

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Everything You Want On A Silver Platter At Epic At West

27 May

Ever dreamed of living in a place that communes you to both nature and contemporary lifestyle? The buzz is on at Epic at West being the latest development at the side of breathtaking Vancouver, Southeast False Creek, that bringing everything you need for a lifestyle upgrade and vibrant, endless possibilities. Rate This Post

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What You Need to Know to Avoid Empty Home Tax in Vancouver

24 May

As a residential property owner in Vancouver who keeps a second home or holding it as an investment for rentals, you need to know your landlord rights so as not to get caught off guard with the implemented Empty Home Tax (EHT), also known as Vacancy Tax, for under-utilized residential properties. If you’re not actively utilizing your property as a…

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