How to Triple Your Rental Profits with AirBnB

19 Apr

How to Triple Your Rental Profits with Airbnb Airbnb is a wonderful resource for landlords as they try to increase their profits. Long-term rentals can usually go for $900-1000/month while the same place can be sold for $100-120 per night for a short-term or vacation stay. The difference in earning potential between short-term and long-term rentals can be a major…

Landlord or Tenant: Who is responsible for bed bugs?

10 Apr

Nobody is fond of bed bugs. Many people get creeped out because they can literally come from the bed into our skin to wreak havoc. These are parasites that are common everywhere. This isn’t a problem in undeveloped countries, but right here in your home. When it comes to a rented home, landlords should know that it isn’t because the…

How To Get More Rental Booking During Off Season

29 Mar

Are you always busy during peak season? Getting lots of calls, reservations, and requests but find yourself worried when offseason arrives? This is a common problem that some owners like you have with certain properties in tourist areas like Whistler. You may be making a significant amount of money for the rest of the year, but then lose out when…

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…

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…

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

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…

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…

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…

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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