Prior to ending a fixed term tenancy, it is the responsibility of the landlord and tenant to either re-negotiate the terms of the rental agreement or to terminate the tenancy agreement upon its end date.
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27 Jan 4 Effective Ways To Market Your Rental Unit
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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…
First Time Landlord Tips
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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…
06 Jan The Expert Landlord Tips
06 JanRunning 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,…
03 Jan The Best Indicators of Tenant Quality
03 JanScreening 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 JanThere 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
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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…
15 Dec Minimizing Tenant Turnover Expenses
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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…
01 Dec The Things You Need Your Tenants to Know
01 DecWhen 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….
23 Nov The Expenses New Real Estate Investors Forget to Plan For
23 NovBuying 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,…
6 Things You Should Not Do as a Landlord
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6 THINGS YOU SHOULD NOT DO AS A LANDLORD If you’re a new investment property owner you’ve probably realized, there’s a lot to learn! Here’s a list of things on the absolute do not do list… trust us, avoiding these things will save you lots of time and money. 1. Don’t Assume Your Property Will Always Be Rented Don’t…
How To Initiate An Inspection
09 NovIf you know how to initiate an inspection properly go ahead and watch the video! Before conducting an inspection to the rental property, it is a must that you follow some certain guidelines when initiating one. In this video, you’ll be reminded of the key things that you shouldn’t forget before conducting an inspection of the property. If you’ve noted…
Ultimate Guide to Tenant Screening
03 NovUltimate Guide to Tenant Screening Always remember that owning an income property is owning a small business. You always want to make sure that before you enter into a long-term contract with someone, you’ve already done your homework! This is the ultimate guide to tenant screening in BC. Review Application Further check on their application and find hints in the information they provide….
31 Oct Making Your Vacation Property Safe for Guests
31 OctWhen you decide to purchase a vacation rental property it’s very easy to get caught up in the excitement of having a really awesome new asset that you can enjoy with your family; not to mention earn some good money on. This is why it’s important to take a few moments, to step back, and to think through all the…
How To Be a Successful Landlord
28 OctIf you are on the road to becoming a successful landlord, then here are a few things that you should consider doing consistently to become a successful landlord: Run Your Property as a Business Don’t treat your property as your personal bank account, run it like a business with its own bank account, profit and loss and contingency funds. You…
24 Oct Turning Your Rental Property into a Smart Home
24 OctDo you imagine a future where the door opens for you when you get home, where the climate controls respond to your comings and goings, where you could loan out a digital key to a guest with an expiry date? Well, that future may be starting to arrive already. And what’s more, it could come in really handy for your…
13 Oct How to Stage Your Home to Rent (or sell) Quickly
13 OctSo, you’ve just bought a new investment property and you’re looking to get it rented. Or, you’ve decided it’s time to unload one of your investment properties and you want to get it sold. Either way, you need to have the place looking stellar so you can get it rented or sold without too much time where it’s sitting around…
Benefits of Using a Property Management Company
05 OctAny smart real estate investor will tell you that a reliable management company an essential tool in making investments as profitable as possible. As the leading Vancouver property management company, Bolld Real Estate Management is here to maximize your investment’s earning potential. We take pride in specializing in residential rental property management services, which includes services such as:…
20 Sep Tips for Writing a Rental Property Listing to Land a Tenant
20 SepAll the time and research you put into finding just the right investment property is probably not going to help you much when it comes to creating a listing to get that property rented. With so many listings out there for prospective tenants to choose from, you need to have one that not only catches their attention but also holds…
29 Aug Photographing and Videoing Your Vacation Rental Like a Pro
29 AugSo, you’ve bought a really awesome vacation property. It’s going to provide you all sorts of enjoyment and when you’re not using it you can rent it out to cover the costs of ownership and hopefully more. Sounds like the perfect plan. Are you ready to get more rental bookings? Of course, if like so many people who have purchased…