20 Apr You may not realize just how many essential procedures must be completed by a landlord at the End of tenancy. The goal here is to help landlords better understand these requirements, particularly where it comes to handling deposits and move-out inspections. The unfortunate reality of tenancy is that they don’t always end positively, meaning that they will end up in…
06 Apr It is possible to end a tenancy without complication as long as all of the RTB processes are understood and followed correctly. The following explanations will provide more information about the forms that are used in the process of ending a tenancy. FIXED TERMS There are several important things to be aware of in relation to the ending of fixed…
02 Apr Nobody ever said becoming a landlord was easy, thats why we outlined below 5 tech tools for Landlords. Of course, the likelihood of passive income from property ownership appeals to many people. However, property management is not a passive activity. Aside from collecting rent regularly, you must also manage property repairs, vacancies, disputes, and emergencies. So something that will make…
23 Mar Serving Notices To Tenants Once you have found a tenant and a lease is signed for your property, you’ll need to know both your and your tenants’ rights. At some point, you will have to provide documentation to your tenants During tenancy. You may even have to take legal action. Proper documentation is important when starting any tenant/landlord relationship. Maintaining…
17 Mar After a tenant has been chosen it is important that both of you communicate clearly to ensure that you and the tenant understand both your rights and your responsibilities and are therefore fully protected in the case of something going wrong. If something does go wrong, having this initial paperwork helps to ensure that the problem can be resolved. This…
09 Mar Making sure that you have a water-tight selection process for potential tenants is essential for any landlord. While parts of the process may vary from person to person, there are some elements of the selection process that every landlord needs to consider. These include; Applications PIPA The Human Rights Code Credit Checks References Tenant Application A fundamental part of finding…
08 Mar In 2018, 66.2% of first-time buyers in Canada bought their homes because they wanted to become homeowners, with 50.6% of these buyers under 35 years of age. If you are a first-time buyer, you will generally have more questions than someone who has already gone through the process. Some of the questions you may have, could be: What are important…
23 Feb Getting the rental property is the easy part of becoming a landlord. You need to get people to rent out your property and stay as long as possible and ensure that people will want to rent from you. Being a landlord can be such an exciting adventure, but it can be a complicated and overwhelming one if you don’t have…
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…
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…
28 Aug During these challenging and often confusing times, many Canadians have struggled with the repayment plan. 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 tenancy for…
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. This…
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…
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…
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…
03 Jul Right location may not come at the right price! One of the biggest challenges when it comes to investing in real estate is finding the right location. However, it also stands that the right location may not come at the right price. In a recent report from Zoocasa, they have singled out the most affordable area and the least affordable…
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…
