Being a landlord can be a dream come true for many people. However, many landlords will tell you that their lives are not always full of roses. Sometimes, there are thorns that they have to deal with and they found out that the property that they have is not so profitable as what they have … Read more
Myths roam about for potential renters everywhere. Local laws may prove to be true, but under the laws of British Columbia, there are specific rules about the eviction process, cost of rent, maintenance, and security deposits. BC has been still facing a housing problem, which has led to a rise in rentals. All the tenants … Read more
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 … Read more
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 … Read more
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
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 … Read more
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, … Read more
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. … Read more
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 … Read more
I have learned a lot over the years when it comes to property management. Our guide to property management provides you with some great tips to help you better manage your properties. Attracting You Tenants Decide the rental rates of your property ahead of time Make a rental ad that stands out and is unique … Read more
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 … Read more
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 … Read more