How to Sell Your Condo: 25 Tips for Selling Faster and For More Money

30 Jan

The prospect of homeownership can, in itself, be daunting. So can the prospect of selling your house when you determine the time is right to make a move. Selling your condo can prove to be an equal challenge, especially since there are certain rules that govern what you can and can’t do to spruce up your condo property. Fortunately for…

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5 Tips for Collecting a Security Deposit from Renters

29 Jan

1. Collecting a Security Deposit: Ensure that the Security Deposit is Part of the Rental Agreement Whether you own a large apartment building or a small duplex, make sure that you have a boilerplate rental agreement. Having a standard format with standard requirements will make any negotiation you may have with a potential tenant easier to manage and more quickly…

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What you should know as a landlord about unpaid rent

28 Aug

During these challenging and often confusing times, many Canadians have struggled with the payment of their rent. To address this crisis the government of British Columbia has set the rules on how to deal with the unpaid rent that every landlord should be familiar with. Here are the answers to the questions landlords have been asking: Can I end the…

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Owner Occupied or Non Owner Occupied Rental Property

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…

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Considerations to Make Before Investing in Property

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…

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The 411 ON OWNING RENTAL PROPERTY

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…

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TOP 5 REALITIES OF BEING A LANDLORD

15 Jul

Understanding the realities of becoming a landlord YOUR GUIDE TO INVESTMENT PROPERTY. There are lots of things to like about being a landlord. After all, what is better than owning property and having that property provide you an income? Indeed, this is something that a lot of people aspire to but while you are busy dreaming, there are some realities…

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5 Good Reasons to Invest in Real Estate in 2020

12 Jul

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…

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SELLING TENANT OCCUPIED PROPERTY: 5 Ways to Make Selling Tenant Occupied Homes Easier

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…

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COVID 19: Commercial Rent Assistance Program Extended Through The End of July

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…

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Should I rent my property furnished or unfurnished

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…

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How to Monetize a Slow or Empty Short-Term Rental during Coronavirus pandemic

28 May

How to Monetize your Airbnb COVID-19 has hit everyone hard. Since the Coronavirus truly took hold of the global travel industry in early March, vacation rental owners and managers have struggled to stay afloat. The unprecedented deluge of cancellations and refund requests came out of the blue and left us speechless. Many rental owners been left to employ their cash…

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COVID-19: REAL ESTATE DROP

13 May

Huge drop in real estate sales in Canada As social distancing rules and regulations currently stand, real estate agents will experience a harder time finding buyers and selling homes. Home sales are expected to drop by around 30 – 40 percent for the month of April alone. That is not including the fact that home sales are expected to remain…

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BUYING A HOME DURING THE COVID-19 PANDEMIC

08 May

Buying a home during the COVID-19 pandemic Trying to buy a house or business location during a pandemic is anything but easy. While people are fending off the worst of the epidemic with social distancing and only going out for essentials, it’s easy to think that buying a home right now is impossible. Lucky for potential homeowners, real estate agents…

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SELLING YOUR HOME DURING THE COVID-19 PANDEMIC

06 May

Selling your house in a pandemic Some may fear that attempting to sell your home during a pandemic is not the right choice, and many sellers are waiting until the virus blows over and life returns to normal. There’s no need to the fear, however, because there are plenty of ways to sell a home electronically. While virtual open houses…

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COVID-19: BC HYDRO Financial Relief Opportunity

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…

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