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5 Tips for Collecting a Security Deposit from Renters

5-TIPS-FOR-COLLECTING-A-SECURITY-DEPOSIT-FROM-RENTERS

1. Collecting a Security Deposit: Make Sure the Security Deposit is Part of the Rental Agreement BC tenancy laws enable landlords to collect a deposit in trust as security against damage to your property—albeit within strict guidelines. As a landlord, you can ask for a maximum security deposit equal to a half month’s rent at … Read more

What Should I Do When My Tenant Doesn’t Pay Their Rent?

collecting rent from a tenant, rental income for a property

As a landlord, you’ll want to treat your rental property as an investment, and you should see consistent cash flows from rent. Seeing as consistent rent flows is important, how can you manage it so that a tenant pays rent on time? What can you do when your tenant doesn’t pay their rent?  There are … Read more

How to Set a Rental Price for Your Investment Property

Woman is a landlord who is looking to accurately price her rental property

As a real estate investor, knowing how to set a rental price for your investment property is important. We go in-depth about why it’s essential to set the right market rent for your home, and you can read more about this topic [HERE].  Understanding the rental value of your home is important to managing your … Read more

DURING TENANCY

DURING-TENANCY

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

August 2020 Vancouver Real Estate Market Report

AUGUST-2020-VANCOUVER-REAL-ESTATE-MARKET-REPORT

Vancouver’s Real Estate market continues to show up despite Covid pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports(housing market report) that residential home sales in the region totalled 3,047 in August 2020, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020. “People who put their home buying and selling plans on hold in the spring … Read more

Property Management from a Property Manager’s Perspective

Property-Management-from-a-Property-Managers-Perspective

There has been much written on BiggerPockets recently about property management – Do you use a professional property manager? Should you use a professional property manager? What do they do? Are they worth it? I’d like to discuss who we are as property managers, what property managers should offer, and why I think property management services can … Read more

What you should know as a landlord about unpaid rent

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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

How To Be a Successful Landlord

If 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 … Read more

6 Things You Should Not Do as a Landlord

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 … Read more

10 Questions You Must ask a Property Management Company Before you Hire Them

10-questions-you-must-ask-a-property-management-company

Out of all the things you could have invested in you decided real estate was probably the best option for long-term growth. And so, you’ve decided to purchase an income property or maybe income properties. Of course, you’re not, nor have you ever been a property manager and the idea of being on call 24-7 … Read more

Terminating a Tenancy

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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. Ending A Fixed Term Tenancy A tenant who gives written notice to ending a fixed term tenancy agreement before the … Read more