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How to Choose the Best Property Management Company in Vancouver

Investing in real estate has proven to be a great way to earn passive income. You can earn monthly profits from renting your property. Or, you could earn a massive profit when you sell the home a few years after watching the value of the home increase significantly. Or, you could do both. However, real … Read more

5 Tips for Collecting a Security Deposit from Renters

5-TIPS-FOR-COLLECTING-A-SECURITY-DEPOSIT-FROM-RENTERS

1. Collecting a Security Deposit: Make Sure the Security Deposit is Part of the Rental Agreement BC tenancy laws enable landlords to collect a deposit in trust as security against damage to your property—albeit within strict guidelines. As a landlord, you can ask for a maximum security deposit equal to a half month’s rent at … Read more

How to Screen Tenants for Your Home Efficiently and Effectively

How to Screen Tenants for Your Home Efficiently and Effectively

As a property owner, properly screening tenants is a primary defense against facing a headache tenant or tenancy. You’re the gatekeeper, and you get to decide whether a prospective renter is qualified for taking up residence at your property.  You ideally want to find a tenant who intends to stay for a number of years, … Read more

How to Price your Rental and Why Renting Above or Below Market Is Not A Good Idea

Property owner will like to attract a good tenant to their property with a good rental price

Establishing the rental price is critical to generate returns from your rental property as an investment owner. You are in the driver’s seat when it comes to setting the right price. Your decision now will be a chief factor in your returns in the long run.  The Art of Establishing the Right Rental Price  If … Read more

BEGINNING A TENANCY

Begining-of-the-tenancy

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

SELECTING THE RIGHT TENANT – BEFORE TENANCY

SELECTING-THE-RIGHT-TENANT-BEFORE-TENANCY

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

Should I rent my property furnished or unfurnished

Furnished-or-unfurnished

Should Rent my property furnished or unfurnished? One of the most common questions we get asked is whether rent a property furnished or unfurnished. Let’s have a look at the advantages and disadvantages of renting your furnished property. Disadvantages of renting a furnished property Higher Vacancy Rate Furnished properties are usually rented as temporary accommodation. … Read more