It is difficult to choose which house amenities your property should have. House amenities vary somewhat depending on location and the architecture; however, there are certain items which you should never have in your rental property. Certain items are impractical for making long-term rental income even if they are convenient in your home. This article will highlight the top items.
18 Mar 10 Interior and Exterior Preventive Maintenance for Rental Properties
18 MarPreventive maintenance for rental properties is always better to perform than emergency maintenance because spotting a problem early leads to a cheaper repair. Finding potential problems in your rental property will take some diligent work and can be daunting for a single person to perform, especially if a person owns multiple properties. A shortcut list can help you examine which…
14 Mar How to Choose The Best Property Management Company
14 MarJust when you thought you’re going to get a good sleep and you receive a phone call from a loud woman. Guess what, it’s your tenant, telling you to fix their leaking faucet at 10 PM. Maybe it’s time to look for the best property management company? How To Choose a Property Management Company Have you ever had that moment in…
29 Jun How To Find Tenants For Your Rental
29 JunAfter declaring that your property is up for rent, you may be thinking to yourself “How do I find a tenant for my rental property?” With my experience from working with my property management company in Vancouver, I understand that it is a struggle if you are a new landlord and if you do not have a process in place….
21 Jun 4 Reasons Why You Need To Rent Your Home When You Travel Frequently
21 JunRyan owns a home in Vancouver BC, but he travels a great deal for business. He used to worry about his house while he was away, especially for long periods of time. He didn’t know anyone that could check on his house while he was away but he really needed to ensure that property management and upkeep were provided for…
08 Jun How To Get More Rental Booking During Off Season
08 JunAre you always busy during peak season? Getting lots of calls, reservations, and requests but find yourself worried when offseason arrives? This is a common problem that some owners like you have with certain properties in tourist areas like Whistler. You may be making a significant amount of money for the rest of the year, but then lose out when…
26 Apr Most Important Landlord Laws that can’t be missed
26 AprBeing 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.
17 Apr How To Retain Your Tenants
17 AprA 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.
17 Apr How To Create A More Stable Environment for Your Tenants
17 AprA 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.
24 Feb What to do when ending a lease
24 FebNow, 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!
11 Feb How Tenant Insurance Protect Your Renters
11 FebNow what if you have found the perfect tenant? What do you think are the top concerns of any tenants? While tenant insurance is usually neglected, let me share with you a property manager perspective in this matter.
Landlord’s Insurance: What it is and why it is important?
03 FebMost 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…
02 Feb Pros and Cons of Including Utilities with Rent for Your Investment Property
02 FebThe 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…
20 Jan Important Things To Know Before Renting Your Property
20 JanWhen 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
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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…
23 Dec Hiring a Property Management Company
23 DecOwning 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…