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 ...

Unlike realtors who have to market properties all the time, property managers may go months or even years between property vacancies. However, given that most renters are only obligated to give one month's notice before moving on, you will have to act quickly to ensure your property is rented as soon as possible and cash flow isn't interrupted. In addition to home listing sites, you need to employ a focused ...

In this day and age of passive data collection, privacy breaches, social media etc., everyone should be hyper-aware of their digital footprint. For property managers being digitally aware is not only important for reputation but for business as well. Establishing a professional, dynamic presence drives engagement and subsequently attracts better tenants and clients while building your credibility in the property management community. 1. Google Your Name Good online reputation management begins with ...

It is 2019 and you have the power, the tools, the critical mass of user adoption to move your project management office into the bright, green future. Usually routine and bad habits are all that hamper efforts to impact change so we are recommending 10 easy steps to make the paperless push as pain-free as possible (less painful than that alliteration anyway!): 1. Scan everything. Get into the habit of scanning all ...

Going paperless is not a new idea but making the switch requires not only smart, robust technology but the will to make it happen. Though change is good, human nature often resists it. However, there is little debate that by eliminating a paper trail, you’ll save valuable time and more importantly, improve what is known as the ‘TRIPLE BOTTOM LINE’ – people, profit and the planet. Here’s a few reasons 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 ...