24 May As a residential property owner in Vancouver who keeps a second home or holding it as an investment for rentals, you need to know your landlord rights so as not to get caught off guard with the implemented Empty Home Tax (EHT), also known as Vacancy Tax, for under-utilized residential properties. If you’re not actively utilizing your property as a…
20 May Real Estate is a wonderful investment, though, it can be intimidating to get into your first real estate purchase as you often need either 20% down to buy a rental property. This can be a good amount of money, especially if you are trying to find a property which will net you a stable income. However, there are a few…
17 May Resort and short term rentals can be a great way to earn money, however, this isn’t a line of work that should be jumped into without proper preparation. Short term rental lease has different demands compared to standard property letting and these can be quite a shock to the system for those who have only dealt with standard property leases in the past. If…
13 May Buying your first investment property can be a major challenge if you just starting out as a potential landlord. Being a landlord is a desirable goal because it allows you to build a recession-proof asset in your properties. Before you can get to many properties, you have to start with one property. This chapter will examine three key things you need…
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…
06 May A rental property fire is one of the things most landlords dread more than anything else. As a rentals fire is less common than other issues landlords face, they often panic and don’t know where to start. We compiled a list of 10 steps to make your life much easier in the case of a rental property fire. Rate This Post
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…
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…
26 Apr Social media can be both a blessing and a curse for all business owners, including property owners. This gives users a platform to share with everyone their experiences, whether they are good or bad. Think about when you had a really terrible experience with a business. You probably couldn’t wait to post about it on your social media account to…
19 Apr This chapter will give landlords hurricane tips for rental properties as hurricane preparations look to be an increasing need given recent weather patterns. It is important to do some preparation before any event might happen. You should know your own limits and ability to do repairs as well as the coverage you have for all of your buildings. Finally, you should also…
05 Apr In this chapter, I will discuss charging for house repairs. Even if, you as a landlord decide to do the repairs yourself. House repairs can often be a great expense so it is reasonable to charge renters if their conduct has caused damage to the property. Your job as a landlord is to make sure the house is habitable. This is…
29 Mar Screening prospective quality tenants is never a desirable thing to do. Very few people like digging into the private lives of others. However, as a landlord it is very important that you find quality tenants who will not damage your property. Rate This Post
22 Mar It is difficult to choose which house amenities your property should have. House amenities vary somewhat depending on location and the architecture; however, there are certain items which you should never have in your rental property. Certain items are impractical for making long-term rental income even if they are convenient in your home. This article will highlight the top items. Rate This Post
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…
14 Mar Just when you thought you’re going to get a good sleep and you receive a phone call from a loud woman. Guess what, it’s your tenant, telling you to fix their leaking faucet at 10 PM. Maybe it’s time to look for the best property management company? How To Choose a Property Management Company Have you ever had that moment in…
08 Mar Did your tenant report about your broken Residential central air conditioning unit– AGAIN? Thinking what Residential central air conditioning units to buy your rentals? Looking into replacing the old dusty Residential central air conditioning unit? Residential central air conditioning units are also difficult to install. It is important to get your perfect choice the first time. Choosing a cheap one…
03 Jan Daily Habits for Real Estate Investors Who Seek Financial Freedom Any long-term hopes and dreams require breaking tasks down into simpler steps. Real Estate Investment is a long-term investment and there is not a clear end marker on it. Rate This Post
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…
14 Dec Winter can be the bugbear for gardeners but if you follow these landscaping tips then you’ll have a garden to be proud of. With lots of ways to leave your garden looking stunning, even over winter, these landscape design tips will keep your garden looking bright and colorful even on the greyest of days. So take a look at our…
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…