The Pros and Cons of Allowing Pets on Your Rental Property

09 Dec

The regulations surrounding what rules a landlord can enforce regarding pets in their rental unit fall under provincial jurisdiction. As such, there are a variety of laws nationwide that govern precisely what recourse an owner has when it comes to enforcing a pet policy. In British Columbia, Section 18 of the Residential Tenancy Act, allows landlords to restrict pets completely,…

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Conducting an Energy Audit On Your Investment Property

28 Nov

Very often, people purchase vacation rental properties because they want to have a vacation home for their family to enjoy. And, by turning the property into a rental investment, they can cover the costs of maintaining the house throughout the year. In many cases, if the property is in regular use, it means the owner can enjoy the property at…

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The Biggest Problems With Renting Your Property on AirBnB and How to Solve Them

21 Oct

When you think of how Airbnb has turned an entire industry on its head, it’s pretty amazing. Just 11 years ago, it was two roommates in San Francisco looking to help pay their rent by offering short-term rentals of their air mattress. The company that was initially called Airbedandbreakfast.com, today has more than 4 million active listings in almost 200…

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How to Get Started as a Real Estate Investor in Vancouver & Whistler

02 Oct

Sometimes it seems like the Vancouver and Whistler real estate markets are so far-saturated that they won’t make suitable investments. For anyone just now considering their first rental property(s), there is a real fear that the moment may have passed. Even buyers looking to invest in vacation properties have had concerns that it’s not the opportunity it once was. However,…

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The Best Smart Home Devices to Install in Your Investment Property

17 Sep

They’ve long been telling us that one-day smart devices would solve all of our problems. Articles going back 15 years were talking about refrigerators that would give you health tips and reorder your favourite foods before you ever run out. The future was going to be a technological marvel. Well, the future is now. While 5G and the “Internet of…

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2020 Residential Rent Increase Allowance Rate

12 Sep

If you operate a rental property in British Columbia, you will want to be regularly following the Provincial Government’s annual rental increase allowance rate. For 2020, the rental increase allowance is 2.6%.  As a landlord, rental increases are what allows you to make proper capital expenditures to maintain your property in a state of good repair. A failure to keep…

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The State of the Short-Term / Vacation Rental Market in Whistler, BC

04 Sep

In April of 2018, investors were caught a little by surprise when Whistler overtook Vancouver as Canada’s hottest housing market.   A detached house in Whistler was going for about 4% more than a home in Vancouver. And, it’s safe to say that the trend has continued through 2019.  Of course, numbers like this make investors stand up and take…

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The Top 30 Summer Whistler Activities

01 Aug

It used to be that people came to Whistler for the snow. The 5,000 plus vertical feet provided one of the best downhill winter adventures anywhere in the world. When Vancouver hosted the 2010 Olympic Winter Games, it was Whistler that hosted most of the downhill events and for perfectly good reasons. Winter sports are fantastic at Whistler.  However, in…

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Maximizing Your Short Term Rental Profits in Whistler, BC

17 Jul

A short-term rental has always been a great way to earn some extra dollars on your vacation property when it’s not in use by your family. However, in the past, it’s been time-consuming to manage and something that most property owners did very occasionally.  With the rise of sites like Airbnb and HomeAway, many people who had been merely dabbling…

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How to Triple Your Rental Profits with AirBnB

19 Apr

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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How To Get More Rental Booking During Off Season

29 Mar

Are you always busy during peak season? Getting lots of calls, reservations, and requests but find yourself worried when offseason arrives? This is a common problem that some owners like you have with certain properties in tourist areas like Whistler. You may be making a significant amount of money for the rest of the year, but then lose out when…

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5 Ways To Keep Good Tenants

26 Feb

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, you could benefit from some…

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How Pet-Friendly Policy Impacts Your Rental Investment

20 Feb

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. Less Vacancy Time Many people…

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Managing Your Vacation Rental

25 Jan

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 vacation…

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How To Be a Successful Landlord

23 Jan

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 loss and contingency funds. You…

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6 Things You Should Not Do as a Landlord

16 Jan

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 Always Be Rented Don’t…

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10 Questions You Must ask a Property Management Company Before you Hire Them

02 Jan

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 to deal with tenant…

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Property Management 101: Quick and Straightforward Guide To Marketing Your Rental Unit

28 Nov

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 the crowd. Make sure potential…

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