Eviction is not a pretty word. And, really it is a last resort but it is a reality for landlords and tenants alike. The most common reason for eviction is unpaid rent. As a landlord, missed rent payments can have a huge impact on your cash flow so sometimes eviction notices are a necessary evil. Causes for Eviction If it comes to this, you will have to give your tenant approved notice ...

As a landlord in BC, at the beginning of a tenancy, you can require a tenant to pay: a security deposit equivalent to one-half of one month’s rent; and if they have a pet, a pet deposit equivalent to one-half of a month's rent (so a full month's rent in the case of pet-owning tenant) Tenants must pay the security deposit within 30 days of entering into the tenancy agreement or ...

Landlord Guide to Ending & Extending a Lease As a landlord, many months may go by without any contact with your tenant and usually this is a good thing. However, once or twice a year, depending on the lease terms, you will need to reach out to your tenant to discuss the terms of the tenancy as the lease contract nears its end. In less common instances, you may want to ...

What is the Empty Homes Tax? After its first year of implementation, the Empty Homes Tax and Speculation + Vacancy Tax, instituted to target vacant properties, increase vacancy rates and create affordable housing, is estimated to generate $38 million dollars - $8 million more than originally projected. As this wasn't the original intent of the tax, the City is now considering a number of changes. As a quick summary, here is an ...

Do you take advantage of all the deductions available to you as a B.C. landlord? When you own a rental property, you are legally obligated to report all rental revenue on the Statement of Real Estate Rentals schedule on your personal tax return. Thankfully, you are also able to deduct a number of landlord expenses from your gross rental revenue and then pay tax only on the amount remaining. To ...

The most effective way to generate the best return on your investment rental property is by increasing the rental value. especially in competitive rental markets like Vancouver's. Deciding where best to spend your money, however, is always a challenge. The fact is that certain renovations are more likely to reap better rewards than others. Here we’ve outlined 7 ways to boost the rental value of your investment. Of course, the cost ...

Looking for the Renter's Guide for renting furnished or unfurnished? Check out our article here. Furnishing a rental property is a considerable expense. Should you spend the money or let your tenants furnish your unit? Here are a few things to consider when deciding whether you should rent out your unit furnished or unfurnished. Benefits Of Renting Out A Furnished Unit You can demand higher rent. A well-furnished property rents for 25 ...