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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THE MISTAKE SMART LANDLORD NEVER MAKES

13 Mar

Many landlords myself included, make one mistake that is not an uncommon one, but you might do not think about it as much as other mistakes. The mistake I’m talking about isn’t property inspections, the property insurance, or even screening new tenants, it’s trying to self-manage your properties by yourself.  Here is why this can be a very bad problem. Managing…

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HOW TO MEASURE ROI ON YOUR VACATION RENTAL

08 Mar

While managing properties can be a lot of fun, you should remember that you are running a business. One of the most important factors for any business owner is Return on Investment (ROI). This allows you to see what aspects of the business are performing well and which need to be improved. This article will give you some ways of…

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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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