A financial analysis of why it’s worth the cost of hiring property managers in Vancouver BC When you purchase your first income property, the first question that usually follows is whether or not to hire a property manager. Often, a new property owner will consider if they have the time to manage the property on … Read more
How many times have you encountered a scenario where you thought the house to rent was the perfect one for you until a couple of months down you faced a lot of problems? It was said that the City of Vancouver aims to have 5,000 new rental units built by 2021. Having these numbers in … Read more
You may think that rental property is pretty straightforward. You just have to pay the mortgage and other fees like taxes or property maintenance and you can just take the rest of the profits to the bank and pay absolutely no other rental costs. What you may not realize is that there’s a lot of … Read more
Picking out your home is going to be one of the most decisions that you will make. As far as condos and apartments go, you have so many different options that you could choose from. You want to make the right choice because you are going to be spending a lot of money purchasing the … Read more
Being a landlord is not quite as simple as purchase a property and renting out the units you need to learn the tenant and landlord laws. You need to keep in mind that you are dealing with people and there are laws that you need to pay attention to if you are going to have … Read more
A landlord’s dream is to ensure that tenants are happy and stay in their rented space for the long haul. Therefore, it’s essential for landlords to create and implement a plan to retain tenants in their properties. Landlords will want to retain tenant’s stability, which is a tenant who stays in your property for four … Read more
A landlord’s dream is to ensure that tenants are happy and stay in their rented space for the long haul. Therefore, it’s essential for landlords to create and implement a plan to retain tenants in their properties. Landlords will want to retain tenant’s stability, which is a tenant who stays in your property for four … Read more
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 … Read more
Now, what happens when that contract ends? Many problems can occur before and long after the tenant leaves. If you are unsure of what needs to be done when ending a lease then read on! A fixed term tenancy or more commonly known as a lease is a contract between the tenant and landlord that … Read more
Let us skip to the after-market undertakings. Finalizing a deal with a new tenant is a reward in itself. After all, your unit is no longer vacant and probably all the advertising, preparations, and other endeavors to get your place rented out has finally paid off at this point. But what do you need to … Read more
What it is and why it is important? Most rental property owners in British Columbia come across one impending question early on in the stages of their business: What is your most important concern as a landlord? For most rental property owners, the biggest concern would probably be about finding good tenants for their vacant … Read more
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 … Read more