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Managing Short-Term & Resort Rental Properties: What You Need to Know

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…

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3 Things to Remember When Buying Your First Investment Property

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…

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Should Landlords Sue if Tenants Post Unfair Reviews Online?

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…

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Hurricane Season: What Property Managers Can Do Before, During, and After Extreme Weather

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…

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How to Solve the 5 Most Common Complaints from Tenants

08 Apr

The landlord/tenant relationship is vital to master if you are going to have success as a landlord. This article will highlight 5 common complaints from tenants and how you can resolve those complaints. Knowing how to deal with landlord/tenant issues will prevent many headaches in the future. As a precursor, it is also important to be proactive to try to anticipate problems…

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10 House Amenities You Shouldn’t Have at Your Rental Property

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

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10 Interior and Exterior Preventive Maintenance for Rental Properties

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…

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4 Things To Consider When Buying A New Residential Central Air Conditioning Unit For Your Rental

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…

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Changes to Residential Tenancy Act BC

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…

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Property Tax Saving tips for Landlords

06 Dec

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

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What to do after sending the notice to end tenancy

19 Oct

 You’ve sent the notice to end tenancy, they accepted it, then they moved out, now what? We’ve already discussed how to go about ending the rental agreement, but what happens once that’s over? So far, we’ve covered how to get started as a landlord, how to market your rental unit, what to do once you’ve found your tenants, dealing with…

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What Makes the Ideal Landlord?

02 Oct

Attracting and retaining good tenants isn’t always a walk in the park. In fact, the cost of getting rid of bad tenants can be quite expensive. Frequent repairs, vacant home expenses, and your own personal time and effort can quickly rack up. That’s why it pays to be a great landlord. How to Be an Ideal Landlord? Of course, being…

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After Acquiring Tenants

27 Sep

So, you’ve found your perfect tenants. You did thorough interviews and investigations into your tenants’ employment, renting history, and character and settled on the ideal tenants. You even discussed the bc tenants rights. What’s next after acquiring tenants? Rate This Post

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Dealing With Difficult Tenants

22 Sep

Dealing with difficult tenants can make your job as a landlord incredibly hard. And let’s face it; if you don’t do a bang-up job screening them out, these bad tenants can slide into your property. Some will play ridiculously loud music to the wee hours of the morning, while others are notorious for late payments month after month. Don’t get…

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