15 Jan Airbnb continues to be a great platform to turn available space into a profitable business. For people with extra rooms in popular cities or vacation homeowners looking to monetize their property when it’s not in use, there is something for every kind of traveller. In the early days of Airbnb, the target market tended to be a little more frugal,…
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,…
05 Apr Owning more than one property can be a struggle for most people. It should be a joy, getting financial freedom or having a place that you can enjoy on your own vacations. There will likely come a time where you realize that a property manager can be exactly what you need. However, you need to be sure that you pick…
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…
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…
30 Jan Venturing into the world of real estate is an attractive option for many reasons – why else would so many individuals decide to take the leap and make such a significant investment like this one? Having said that, despite the numerous reasons that make real estate investment a desirable one, there are also several that can make it a truly…
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…
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…
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…
05 Dec There may come a time in your career as a landlord in which legal action will become necessary. Some landlord tenant problems are minor but could escalate. Rate This Post
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…
07 Nov The over saturated vacation rental property market is cut-throat. Due to its over saturation, you have to be sure your marketing plan is top notch so you can stand out amongst the crowd. You need to make sure your potential renters know why your property is better than the others. You want to be as descriptive as possible and price…
24 Oct Many new landlords think that the only way to market their rental property is by putting an ad on Craigslist or just posting on social media. While that is a good rental marketing idea, you should refine it and make it a better strategy. As the landlord, you need to treat your rental property as your business. This means everything…
17 Oct 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
10 Oct If you’re looking into becoming a landlord, you may need some help with how to get started. There’s a lot to do in property management and a lot of laws you need to know about, things can get confusing. For instance, when you search for tenants, is it okay to exclude those with children? Can you evict a tenant for…
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…
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
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…
