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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
Whether you’ve just purchased your first rental property or you’re thinking about investing in real estate, we have some tips to help you along the way. We’ve put everything together in our beginner’s guide to property management. Make a Plan Do you want to rent an entire property to one applicant or rent each room … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
Smart Door Locks Let’s start with the front door. We’ve been conditioned for years by all sorts of sci-fi programs to expect doors that open for us as we approach. In some cases doors that also greet us with pleasantries as we enter. And, while it’s fair ato say that such doors are still a … Read more