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. … Read more
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 … Read more
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 … Read more
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 … Read more
The landlord-tenant relationship can often be abused if proper legislative rules are not passed and practiced and this has been a common theme and motivator behind tenancy disputes that make news headlines. In one especially offsetting scenario, loopholes in the laws give less scrupulous landlords a certain edge of exercising their power through illegal renoviction … Read more
An email has become the common and quintessential method by which parties communicate and share information. The current amendment to regulations comes at the behest of a recommendation from the Rental Housing Task Force, who had sought input from landlords and tenants, and fielded suggestions to recognize email as an acceptable form for notification Coming … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more