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Landlord’s Insurance: What it is and why it is important?

03 Feb

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 units. But aside from that, you should be looking into a landlord insurance…

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…

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,…

6 Things You Should Not Do as a Landlord

20 Nov

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 Nov

If 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 Nov

Ultimate 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….

Making Your Vacation Property Safe for Guests

31 Oct

When 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 Oct

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 loss and contingency funds. You…

Turning Your Rental Property into a Smart Home

24 Oct

Do 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…

How to Stage Your Home to Rent (or sell) Quickly

13 Oct

So, 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…

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