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…

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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…

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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…

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How Lighting Upgrades Can Benefit Residents and Multifamily Operations

12 Apr

Lighting is essential on any property and the effects of particular lights can have a variety of effects for the people who live at the residence. The right house lighting can help people be more alert and energetic, as well as tired at appropriate time frames. Having the proper balance of light wavelengths is important for proper functioning. Rate This Post

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How to Solve the 5 Most Common Complaints from Tenants

08 Apr

The landlord/tenant relationship is vital to master if you are going to have success as a landlord. This article will highlight 5 common complaints from tenants and how you can resolve those complaints. Knowing how to deal with landlord/tenant issues will prevent many headaches in the future. As a precursor, it is also important to be proactive to try to anticipate problems…

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10 Interior and Exterior Preventive Maintenance for Rental Properties

18 Mar

Preventive maintenance for rental properties is always better to perform than emergency maintenance because spotting a problem early leads to a cheaper repair. Finding potential problems in your rental property will take some diligent work and can be daunting for a single person to perform, especially if a person owns multiple properties. A shortcut list can help you examine which…

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How to Triple Your Rental Profits with AirBnB

27 Dec

How to Triple Your Rental Profits with Airbnb Airbnb is a wonderful resource for landlords as they try to increase their profits. Long-term rentals can usually go for $900-1000/month while the same place can be sold for $100-120 per night for a short-term or vacation stay. The difference in earning potential between short-term and long-term rentals can be a major…

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Changes to Residential Tenancy Act BC

06 Dec

On October 26, 2017, the B.C. government introduced changes to the Residential Tenancy Act related to the use of vacating clause in a fixed term residential tenancy agreement. It is a clause that requires the tenants to move out or sign a new lease at the end of a fixed term tenancy. The landlords will be no longer able to…

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Property Tax Saving tips for Landlords

06 Dec

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. Rate This Post

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Managing a Property in a Vacation Area

21 Nov

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 property…

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What to do after sending the notice to end tenancy

19 Oct

 You’ve sent the notice to end tenancy, they accepted it, then they moved out, now what? We’ve already discussed how to go about ending the rental agreement, but what happens once that’s over? So far, we’ve covered how to get started as a landlord, how to market your rental unit, what to do once you’ve found your tenants, dealing with…

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Terminating a Tenancy

11 Oct

Prior to ending a fixed term tenancy, it is the responsibility of the landlord and tenant to either re-negotiate the terms of the rental agreement or to terminate the tenancy agreement upon its end date. Rate This Post

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What Makes the Ideal Landlord?

02 Oct

Attracting and retaining good tenants isn’t always a walk in the park. In fact, the cost of getting rid of bad tenants can be quite expensive. Frequent repairs, vacant home expenses, and your own personal time and effort can quickly rack up. That’s why it pays to be a great landlord. How to Be an Ideal Landlord? Of course, being…

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After Acquiring Tenants

27 Sep

So, 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 tenants rights. What’s next after acquiring tenants? Rate This Post

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Dealing With Difficult Tenants

22 Sep

Dealing with difficult tenants can make your job as a landlord incredibly hard. And let’s face it; if you don’t do a bang-up job screening them out, these bad tenants can slide into your property. Some will play ridiculously loud music to the wee hours of the morning, while others are notorious for late payments month after month. Don’t get…

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