Sure it's easy to say ‘no pets’ when listing your property for rent. But is it necessary? Provided pets are allowed by your strata by-laws, you may be missing out on exceptionally good tenants by stipulating ‘no pets’. Moreover, here in Vancouver, pet-friendly rentals are difficult to find so if you do allow them, you can likely exact a higher rental rate and a pet deposit. Be Open to Pets Rather than ...
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Furnishing a rental property is a considerable expense. Should you spend the money, or let your tenants furnish the unit themselves? We're liv.rent and we're here to make facilitate a smoother rental process from start-to-finish, for both landlords and tenants. If you're on the fence about whether you should rent your unit furnished or unfurnished, this guide will hopefully help make your decision a little easier. What is a furnished apartment? Furnished ...
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To avoid dealing with bad tenants, the best option is to avoid the situation in the first place. Too often landlords make the mistake of accepting unsuitable tenants in a moment of desperation. Of course, losing one or two month's rent isn't ideal for cash flow, but a bad tenant can prove far more costly, creating serious headaches, causing expensive damage, or, in the worst cases, a 'professional tenant' might ...
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Your tenant can be your best ally, or biggest problem. Tenant turnover is arguably the single biggest cost for you as a landlord. Whenever a tenant vacates, either voluntarily or through a tenant eviction, significant costs are incurred by a landlord. The cost of vacancy, for example - your property may be vacant for one month or more, impacting cash flow. You will also likely have to pay for some ...
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Renting out your property for the first time can be a daunting task. From preparing the unit to listing and advertising, to finally signing the lease, there are a lot of moving parts in the rental process and a lot that can go wrong along the way. for first time landlords, the last thing you want is for your passive income stream to suddenly become a full-time job, so we've ...
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Listings with better photos receive about 3 times more inquiries on the liv.rent platform. To attract the right tenants and to bring in more than one applicant, you need to present your property in the best possible way. This means taking beautiful photos of your rental property. If you don’t have the budget or time to hire a professional photographer, here are 10 tips to follow to help you photograph your ...
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