9 Common Problems of a Landlord ( and How to Fix Them )

27 Mar

Venturing into the world of real estate is an attractive option for many reasons – why else would so many individuals decide to take the leap and make such a significant investment like this one? Having said that, despite the numerous reasons that make Real estate investment a desirable one, there are also several that can make it a truly…

Managing tenants with pets

14 Mar

Throughout the years, dog and pet owners have made notions of changing the tenancy laws in British Columbia. As a landlord, being fair is only compulsory but you do have the power to enforce restriction based on your preference. Last year, Jess Nelson, a dog owner in North Vancouver made an appeal to change British Columbia’s tenancy laws regarding tenants…

Pros and Cons of Including Utilities with Rent for Your Investment Property

02 Feb

The question of whether or not to include utilities in the rental price has been one that has landlords and property management companies going back and forth on for years. The trend seems to shift depending on what the rental market is doing at the time. In the 1990’s, with higher rental vacancy, the trend was to include utilities as…

4 Effective Ways To Market Your Rental Unit

27 Jan

Finding the ideal tenant is one thing that every landlord should aim for as well as keeping the vacancy rate low if not, at a complete zero. An ideal tenant would be a person who is responsible enough to pay the rent on time, considerate enough to avoid disturbing their neighbors, have no conflict with other people on the premises…

Important Things To Know Before Renting Your Property

20 Jan

When it comes to renting, both the tenants and the landlords have specific rights and they share responsibilities in order to make sure that the tenant is renting the right way and that the landlord is provided all that is needed. This is a way to avoid unwanted situations such as disputes or discrepancies in safety and violations of a…

First Time Landlord Tips

13 Jan

If you have the choice to own an asset, owning one that produces income is much better than owning an asset that expends income. If you own a house or apartment for your own residence, for example, you need to pay for maintenance, repairs, taxes, mortgage interest, landscaping, utilities, or strata fees that cover some of these expenses. On the…

The Expert Landlord Tips

06 Jan

Running a rental property is not as easy as it sounds. Landlords do more than maintain the place and collect the monthly rent. So here are some of the best practices from the experts in the business. You probably know by now that being a landlord can be extremely overwhelming. Just like with any business that has plenty of perks,…

The Best Indicators of Tenant Quality

03 Jan

Screening prospective tenants can involve so many different checks and balances. Interviewing, references, criminal court record search, and really anything you can do to get an idea of what sort of tenant a person is going to be. And of course, you have to be certain that you are not discriminating on race, religion, marital status, or sexual orientation…

9 Reasons to Hire a Property Management Company

03 Jan

There are plenty of reasons why hiring a property management company is a great solution to overcome the problems involved with running a rental property. Let’s take a look at the top 9: Quality Tenants: Companies in the field of property management know how to screen candidates for tenancy since they have seen thousands of applications. Rent…

Empty Home Tax : Implemented in Vancouver

30 Dec

With a home vacancy rate hovering at an unhealthy low of 0.6%, the Vancouver City Council has stepped in and introduced the Empty home tax which will be implemented from January 1, 2017. This tax is an additional 1% of property value on top of your regular property tax. That means if you have a property that’s worth $2…

Hiring a Property Management Company

23 Dec

Owning a property in Vancouver that produces income is pretty much an ideal way to make a living. Let’s take a look at this from a homeowner’s perspective. If you own a house, you need to pay for maintenance, repairs, taxes, mortgage interest, landscaping, utilities, or a homeowner association fee that covers some of these expenses. Yes, you do have…

Minimizing Tenant Turnover Expenses

15 Dec

 When you decide to manage all the day-in-day-out aspects that come with owning an investment property you will no doubt digest every bit of information you can find on getting the right tenants. How to screen them and check the details of their application. And ways to make sure you are kicking off a great landlord-tenant relationship. This is exactly…

Property Management: A Beginner’s Guide

05 Dec

Whether you’ve just purchased your first rental property or you’re thinking about investing in real estate, we have some tips to help you along the way. Make a Plan Do you want to rent an entire property to one applicant or rent each room separately? Do you want to lease short-term or long-term? Will your properties be furnished or unfurnished?…

The Things You Need Your Tenants to Know

01 Dec

When you decide to invest in an income property there is often a learning curve involved and usually, most new investors will go about attacking that curve with gusto! It’s a new and exciting adventure and most folks who decide to get into real estate, develop an instant passion for it. Of course, the same cannot be said for tenants….

The Expenses New Real Estate Investors Forget to Plan For

23 Nov

Buying real estate as an investment is really exciting. There are so many opportunities to invest your money in solid properties that if managed properly can provide you with a steady stream of rental income and eventually provide a larger cash infusion when the property is sold! And with so many television programs reveling in the thrill of the chase,…

Whistler Getaway Facebook Contest

20 Nov

Are you looking into visiting Whistler? Lucky you! We are running a Facebook Like+Share Contest! Check out the pinned post on our Facebook Page below to learn more! Get a chance to win a Whistler Getaway! All you need to do is: Step 1: LIKE our Facebook page Step 2: SHARE THIS POST! The winner will be announced on…

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