Owner Occupied or Non Owner Occupied Rental Property

31 Jul

The Pros and Cons of Owner-occupied and Non-owner occupied Rentals Owner – occupied rental or non owner occupied rental? Investing in real estate has a range of great benefits. It is, classically, an investment. Along with text benefits and (hopefully) the property value steadily increasing, the idea of investing in a property has a wide appeal. Before doing so, it’s…

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Considerations to Make Before Investing in Property

22 Jul

5 Factors to Consider Before Investing in Property There are a multiplicity of reasons people might invest in property: cash flow, tax deductions, real estate leverage, and hopefully, a steady increase in the property’s value. Below are 5 things to consider before making the move. I. Are you going to be settled? This one doesn’t apply to those of you…

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The 411 ON OWNING RENTAL PROPERTY

18 Jul

Owning and Running a Rental Property There seems to be an ongoing conversation about how owning and running a rental is a great way to invest money. And really, what is not to like about it? You invest in something that you rent out and it practically pays for itself. Indeed, owning real estate to rent out remains a great…

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TOP 5 REALITIES OF BEING A LANDLORD

15 Jul

Understanding the realities of becoming a landlord YOUR GUIDE TO INVESTMENT PROPERTY. There are lots of things to like about being a landlord. After all, what is better than owning property and having that property provide you an income? Indeed, this is something that a lot of people aspire to but while you are busy dreaming, there are some realities…

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5 Good Reasons to Invest in Real Estate in 2020

12 Jul

Vancouver Real Estate is still the best investment today! Despite a bumpy 2019 for the housing market in Vancouver followed by a very challenging start to 2020, the housing market prospects are looking surprisingly good. It is, in fact an excellent time to buy. It’s a buyer’s market, rates are stable and there are attractive incentives for buyers looking to…

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SELLING TENANT OCCUPIED PROPERTY: 5 Ways to Make Selling Tenant Occupied Homes Easier

06 Jul

Your Guide to Selling Tenant Occupied Homes in BC Selling a tenant-occupied home is generally more difficult than selling an unoccupied home because you are dealing with people’s emotions around a threatened disruption of note. You’ll be bringing strangers into their home which will be disconcerting and inconvenient for them so you really need to get them on board with…

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June 2020 Vancouver Real Estate Market Report

05 Jul

Despite the current economic uncertainty of COVID 19, Vancouver’s Real Estate market continues to show up. The Real Estate Board of Greater Vancouver recently released its monthly market report for the month of June 2020. REBGV report stated that residential home sales in Vancouver reached 2,443 in June 2020. This represent a 17.6 percent increase compared to the 2,077 sales…

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COVID 19: Commercial Rent Assistance Program Extended Through The End of July

02 Jul

Government announces extension of commercial property rent relief program in BC. WHAT YOU NEED TO KNOW; Property owners and small business tenants will soon be able to access funding for the month of July. Only those tenants approved in the April, May and June application are eligible for the July extension. If a business had an average revenue decline of…

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Should I rent my property furnished or unfurnished

31 May

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. Tenancies are usually shorter and…

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How to Monetize a Slow or Empty Short-Term Rental during Coronavirus pandemic

28 May

How to Monetize your Airbnb COVID-19 has hit everyone hard. Since the Coronavirus truly took hold of the global travel industry in early March, vacation rental owners and managers have struggled to stay afloat. The unprecedented deluge of cancellations and refund requests came out of the blue and left us speechless. Many rental owners been left to employ their cash…

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COVID-19: REAL ESTATE DROP

13 May

Huge drop in real estate sales in Canada As social distancing rules and regulations currently stand, real estate agents will experience a harder time finding buyers and selling homes. Home sales are expected to drop by around 30 – 40 percent for the month of April alone. That is not including the fact that home sales are expected to remain…

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BUYING A HOME DURING THE COVID-19 PANDEMIC

08 May

Buying a home during the COVID-19 pandemic Trying to buy a house or business location during a pandemic is anything but easy. While people are fending off the worst of the epidemic with social distancing and only going out for essentials, it’s easy to think that buying a home right now is impossible. Lucky for potential homeowners, real estate agents…

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SELLING YOUR HOME DURING THE COVID-19 PANDEMIC

06 May

Selling your house in a pandemic Some may fear that attempting to sell your home during a pandemic is not the right choice, and many sellers are waiting until the virus blows over and life returns to normal. There’s no need to the fear, however, because there are plenty of ways to sell a home electronically. While virtual open houses…

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COVID-19: BC HYDRO Financial Relief Opportunity

04 May

BC Hydro Financial Relief With not only our nation but our entire world in the middle of a crisis, many of us have lost our income, and for how long no one knows. This affects everyone, because everyone is at risk of catching COVID-19, becoming unemployed, or incurring huge amounts of debt due to a loved one becoming sick or…

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BC TEMPORARY RENTAL SUPPLEMENT (BC-TRS) PROGRAM

01 May

BC-TRS for Low-to-Moderate-Income BC Families Launched on April 9, the BC Temporary Rental Supplement program provides temporary rental supplement to assist eligible low- and moderate-income renters struggling to pay their rent due to Covid-19. Here are the key takeaways of the program: The program is only for 3 months and money is paid directly to the landlords Eligible households with…

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COVID-19: SUPPORTS FOR SMALL AND MEDIUM BUSINESSES IN B.C.

29 Apr

Resources for Small Businesses Affected by Coronavirus The Provincial and Federal Governments are providing a wide-range of supports for businesses in British Columbia which are facing hardship as a result of the global COVID-19 outbreak. This list of supports is subject to change. Please contact support providers directly for eligibility and application details! 1. Work Sharing Program The government is…

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COVID 19: SUMMARY OF FINANCIAL SUPPORT

27 Apr

Overview of Financial Support for Tenants and Individual Landlords The COVID-19, or coronavirus crisis has left many Canadians without a job or with reduced hours and wondering how to pay their rent. The scope and scale of the Government of Canada’s COVID-19 Economic Response Plan includes income support measures to help Canadians pay their rent. This article contains general information…

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