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 ...

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 ...

FEATURE: PHOTO BRENO ASSIS   Who doesn’t appreciate the passive income a rental property provides? Every month, like clockwork, you receive a payment from your tenant. It can serve you very well right through retirement. However, there are a number of other considerations that may encourage you to sell your rental property. We’ve provided a list of some key reasons to weigh up if you should sell, or continue to rent. Are ...

The most effective way to generate the best return on your investment property is by increasing the rental value of your property especially in competitive rental markets like Vancouver's. Deciding where best to spend your pennies, however, is always a challenge. The fact is that certain renovations are more likely to reap better rewards than others. Here we’ve outlined 5 ways to potentially boost the rental value of your investment. Of ...