Home Renovations can be a daunting prospect regardless of whether you are just diving into the world of fixer-uppers or plan to rehab a rundown old home for personal use. You should also be aware of permits, demolition, and whether to paint or install flooring or replace windows first. Additionally, you should take precautions against … Read more
You get lots of questions like “What’s it like?” and “Tell me a crazy landlord story.” If you’ve been a landlord for a long time, you’ve probably got some funny, inspiring, crazy, and educational stories to tell regarding Rental inspections. In the project called The Landlord Chronicles, Chad Gallagher and Matt Faircloth have assembled a … Read more
You may not realize just how many essential procedures must be completed by a landlord at the End of tenancy. The goal here is to help landlords better understand these requirements, particularly where it comes to handling deposits and move-out inspections. The unfortunate reality of tenancy is that they don’t always end positively, meaning that … Read more
It is possible to end a tenancy without complication as long as all of the RTB processes are understood and followed correctly. The following explanations will provide more information about the forms that are used in the process of ending a tenancy. FIXED TERMS There are several important things to be aware of in relation … Read more
In March, Metro Vancouver experienced unprecedented levels of home buyer and seller activity. Let’s go over the Real Estate Market Rental Report of March. According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in the area totaled 5,708 in March 2021, a 126.1 percent improvement over the 2,524 sales reported in … Read more
Nobody ever said becoming a landlord was easy, thats why we outlined below 5 tech tools for Landlords. Of course, the likelihood of passive income from property ownership appeals to many people. However, property management is not a passive activity. Aside from collecting rent regularly, you must also manage property repairs, vacancies, disputes, and emergencies. … Read more
Serving Notices To Tenants Once you have found a tenant and a lease is signed for your property, you’ll need to know both your and your tenants’ rights. At some point, you will have to provide documentation to your tenants During tenancy. You may even have to take legal action. Proper documentation is important when … Read more
After a tenant has been chosen it is important that both of you communicate clearly to ensure that you and the tenant understand both your rights and your responsibilities and are therefore fully protected in the case of something going wrong. If something does go wrong, having this initial paperwork helps to ensure that the … Read more
Making sure that you have a water-tight selection process for potential tenants is essential for any landlord. While parts of the process may vary from person to person, there are some elements of the selection process that every landlord needs to consider. These include; Applications PIPA The Human Rights Code Credit Checks References Tenant Application … Read more
In 2018, 66.2% of first-time buyers in Canada bought their homes because they wanted to become homeowners, with 50.6% of these buyers under 35 years of age. If you are a first-time buyer, you will generally have more questions than someone who has already gone through the process. Some of the questions you may have, … Read more