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…
28 Jul The Final Walk Through Checklist for Homebuyers When purchasing a new house, you want to make sure everything is perfect. It is a big decision and a very long-term investment. It is important to conduct a final walk-through of your potential new home and check for any factors that may lead you to have a hard life while living there….
25 Jul Tips Before Buying a Rental Property If you are in the market for buying a house for yourself or to turn into your own property for rent or sale, there are factors that can change the process. Houses with tenants are one of those factors. Consider some of these tips before you attempt to buy a tenant-occupied house. I. RIGHTS…
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…
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…
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…
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…
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…
30 Jun Real estate market analyst is calling attention to the plummeting condo and townhouse presales For a while, BC’s condo market future was burning bright. Now, it would seem that the fire has been extinguished. An ABC real estate market analyst is calling attention to the plummeting condo and townhouse presales. The feeling that something was happening was palpable but they…
29 Jun Here are some options available to you as a landlord; 1. Consider the month – to – month lease Month-to-month leases are fairly common and if your tenant happens to be on one, then it may be the easiest way to have them vacate in order to get to selling the property. Different locations have different rules on notifying tenants…
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…
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…
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…
28 Mar The guide on renting out your property during the COVID 19 crisis Our world has literally changed overnight. Amid the COVID 19 health crisis, all of us need to do our part and practice social distancing in order to keep safe and contain the virus. If you are a landlord looking to rent out your property, you might be asking…
15 Mar Real estate investing is one of the most profitable asset classes you can invest in. One of the best ways to profit from it is by renting it out. But not all investors are making a good income from it. In this article, we’ll show you how to increase your rental property profits. How Much Profit Should You Make For…
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…
