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…

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…

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.

9 Common Problems of a Landlord ( and How to Fix Them )

30 Jan

Venturing into the world of real estate is an attractive option for many reasons – why else would so many individuals decide to take the leap and make such a significant investment like this one? Having said that, despite the numerous reasons that make real estate investment a desirable one, there are also several that can make it a truly…

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…

How To Be a Successful Landlord

23 Jan

If you are on the road to becoming a successful landlord, then here are a few things that you should consider doing consistently to become a successful landlord: Run Your Property as a Business Don’t treat your property as your personal bank account, run it like a business with its own bank account, profit and loss and contingency funds. You…

6 Things You Should Not Do as a Landlord

16 Jan

6 THINGS YOU SHOULD NOT DO AS A LANDLORD If you’re a new investment property owner you’ve probably realized, there’s a lot to learn! Here’s a list of things on the absolute do not do list… trust us, avoiding these things will save you lots of time and money. 1. Don’t Assume Your Property Will Always Be Rented Don’t…

10 Questions You Must ask a Property Management Company Before you Hire Them

02 Jan

Out of all the things you could have invested in you decided real estate was probably the best option for long-term growth. And so, you’ve decided to purchase an income property or maybe income properties. Of course, you’re not, nor have you ever been a property manager and the idea of being on call 24-7 to deal with tenant…

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…

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.

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…

Sample Properties You Can Purchase with 10k in Savings

20 May

Real Estate is a wonderful investment, though, it can be intimidating to get into your first real estate purchase as you often need either 20% down to buy a rental property. This can be a good amount of money, especially if you are trying to find a property which will net you a stable income. However, there are a few…

6 Small Apartment Amenities to Attract New Renters

10 May

As a property owner, you understand that you need to do whatever you can to make your property stand out to renters. One of the best ways to do this is to offer amenities. What do amenities mean in apartments? Amenities refer to additional perks that a renter will have when they choose your property, such as a swimming pool or laundry…

What to Expect When Your Tenant Files for Bankruptcy

03 May

The biggest concern any landlord has when finding a tenant is finding someone that is going to pay their rent. However, sometimes problems do come up and you have to understand everything you can about things like evictions and bankruptcy. The problem with tenant bankruptcy is that it offers its own difficulties for the landlord. Understanding tenants in common bankruptcy will help you to…

The Dynamics of Collecting Rent: The Do’s and Don’ts

29 Apr

As a business owner operating as a landlord, you would understand that the actual sale in your business is the rent you collect. Collecting rent means having cash flow to operate your business, have enough fund to set aside to pay for repairs and maintenance, or pay any due tax on your property. That said, you simply can’t afford the…

Login

Register

Compare Listings