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
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 … Read more
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 … Read more
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 … Read more
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 … Read more
Daily Habits for Real Estate Investors Who Seek Financial Freedom Any long-term hopes and dreams require breaking tasks down into simpler steps. Real Estate Investment is a long-term investment and there is not a clear end marker on it. Yes, buying a property and getting renters are key steps, but financial goals are different for … Read more
There may come a time in your career as a landlord in which legal action will become necessary. Some landlord tenant problems are minor but could escalate. Whether it is necessary due to tenants refusing responsibility for the repairs of damages they committed or a need for eviction, legal action may be required. You will need … Read more
The next step on your journey to becoming a landlord is finding your tenant. Everyone wants to find the ideal tenant, but marketing your rental unit isn’t always that easy. How you market your unit makes all the difference to the tenants attracted to it. You need to make sure your property stands out in … Read more
Congratulations, you’ve found your perfect tenants! You did thorough interviews and investigations into your tenants’ employment, renting history, and character and settled on the ideal tenants. You even discussed the BC tenant’s rights. What’s next after acquiring tenants? Once your tenants signed the rental agreement, there are some things you need to take care of … Read more
Now what if you have found the perfect tenant? What do you think are the top concerns of any tenants? While tenant insurance is usually neglected, let me share with you a property manager perspective in this matter. Once you have finalized a deal with a new applicant, you’ve just completed the puzzle of your … Read more
Many new landlords think that the only way to market their rental property is by putting an ad on Craigslist or just posting on social media. While that is a good rental marketing idea, you should refine it and make it a better strategy. As the landlord, you need to treat your rental property as … Read more
One of the first steps to becoming a landlord is to think about how owning a property will affect your income. As a landlord doing solo property management, you will want to make money. One of the ways you can save money is by tax planning. I’ve prepared three property tax saving tips for landlords … Read more