Archive for the ‘BC landlords’ Category

BC Landlords Speak Out: “There Are Lots of Good Renters Out There, But You Need To Screen Carefully These Days!”

Wednesday, November 15th, 2017

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BC Landlords Speak Out: “There Are Lots of Good Renters Out There, But You Need To Screen Carefully These Days!”

As part of our “Let’s Improve the British Columbia Rental Industry” we have invited landlords and tenants to share their opinions on how we can make these improvements. These opinions are from individual contributors and are not the opinions of the BC Landlords Association. We believe by fostering communication between landlords and tenants we can improve the BC rental industry. Landlords and tenants can share your thoughts and opinions by emailing us at landlordtenantsolutions@groupmail.com

BC Landlords Need To Make Tenant Screening a Priority To Find Good Tenants and Avoid the “Pros” Out There

I keep hearing about how bad things are for renters these days.  Sure, it’s never been easy as a renter.  I rented for years and know this from first hand experience.  During my student days in the early 90’s rent was already high considering what students could save during summer jobs. Unlike many people at the time I couldn’t get a loan at the Bank of Mom and Dad because said after age 18 people should be self-dependent.

Some Of The Current Tenant Issues I Keep Reading About And My Take As A Former Renter and New Landlord

Here’s what I think of the current issues that are all over the news and the radio talk shows. Hey, I rented for years and don’t belittle anyone having problems with their landlord or their rental. The thing is we need more “balance” in the discussion .

1. Pets

This has been a big issue over the past few weeks with talks we will copy the Ontario rental model where landlords can’t legally refuse tenants just because they have a pet. Sounds good but as a landlord I have to be very careful of my costs and pets can lead to extra costs. They can also lead to headaches if they bark or whatever early in the morning or crap in the area.  It’s just something to consider.

2. Fixed Term Lease “Loophole”

We need to get some balance on this. I’m sure some rich overseas landlords were raising the rent by $1000’s of dollars at the end of a lease but not all of us are rich overseas landlords! Most of us are like me and want to keep good tenants renting from us so we don’t even raise the rent.  There is some interesting information how this BC landlord and tenant loophole came to be but for most of us it just doesn’t apply

3. Rents Are Too High

Again not all of us are rich overseas investors with luxury Vancouver rentals in prime time areas. Many of us have saved to buy a rental and we only charge rents what people can afford and what we need to charge just to cover our mortgages, fees, taxes and the rest. Many of us small landlords are struggling and you need to keep us separate from the rich fat cats.

Help For BC Landlords – Screen Your Tenants Carefully!

The good news for people wanting to become small landlords is there are a lot of good renters around. I think this is because we have people coming from Alberta where the economy is in a downturn and Alberta landlords are suffering. And prices are really high in British Columbia so a lot of people are renting and saving up for a deposit. 

Be Careful Who You Rent To And Run A Credit Check

I have some good renters now who I just signed a lease with in September after the last couple moved out. When I was advertising there were a lot of very aggressive people applying who seemed to be winners. But many didn’t have references and when I ran a credit check I saw they had screwed over a lot of people and owed a lot of money.

Be careful because one bad tenant can really be a nightmare and cost you a ton of money.

What Does a Credit  Check Show You That Is Helpful For A Small Landlord Who Wants To Rent To Excellent Tenants?

First of all it shows you a ‘credit score’ from Equifax Canada.

This is very helpful because it’s a good way to see if people are financially responsible. A low score shows they don’t pay their bills on time, or at all! They might have ripped off Rogers or Bell but they also might have ripped of lots of small landlords too.

BC Landlords Be Careful and Run A Credit Check

I joined the BCLA and am running checks for ten bucks and one-time fee, no annual fee!

It’s a great deal and with good tenant screening you can make sure you find the real good tenants and avoid the professional scammers out there who will bleed you dry.

BC Landlords Want To Hear From BC Tenants – How Can We Improve The British Columbia Rental Industry?

Friday, October 6th, 2017

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Landlords and Tenants: Let’s Work Together To Improve the British Columbia Rental Industry

There has been a lot debate on the state of the BC rental industry recently. Everything from landlords dealing with serious damages to their rental properties and tenants who don’t pay rent and rent increases that are too low to tenants complaining about ‘renovictions‘ and the high cost of rent.

Because this our landlord members have come together to try to get past all the confusion and want to work with BC tenants to form solutions. The reality is good landlords are looking for good tenants and good tenants are looking for good landlords and high quality, affordable rental housing. So let’s make this happen! 

BC Tenants Let Your Voices Be Heard By Small BC Landlords

Many of the rental properties in our province are due to the investment of small investors who become small landlords. Some people call us “mom and pop” landlords but whatever you call us we are the stake holders who have invested our hard earned money into BC rental properties.

Many Small Landlords Were Renters Not That Long Ago

You won’t usually see this in the media, but the reality is many small landlords were renting ourselves not that long ago. We rented while studying at university or while looking for a job. So we know how important it is for landlords to offer high quality, afford housing from our first hand, personal experiences.

A Vancouver landlord wrote in:

“I invested in my condo and made sure it was exactly the type of place I always wanted to rent. I also want to make sure I’m the ideal landlord who is service oriented and caring. Did anyone see that silly movie a few years ago called “Hot Tub Time Machine”? Well if I could go back in time I would want to rent from me now.”

Let’s Get More People Investing and Creating High Quality Rentals

Good landlords know it’s important for us to have high quality, well-maintained properties that will attract good paying tenants. We also need to make sure we have fair rules that will lead more good people to invest.

A Surrey landlord explained her goals and why she became a landlord:

“As a small business owner I don’t have a pension. My rental property is to protect me and help me when I’m retired. Nothing nefarious here, only my investment property and my hope to keep finding good renters who appreciate me and respect the rental property.”

In What Ways Do BC Tenants Want to Improve the BC Rental Industry?

Help us help you by providing your thoughts and opinions on how we can improve the BC rental industry.

1. What are you looking for when choosing a rental property?

2. How important is it for you to be near public transportation?

3. Where is your “go to” place to look for a rental?

4. What qualities are you looking for in a landlord?

5. Do you have any thoughts or opinions on improving the BC rental industry?

Landlords and tenants can share your thoughts and opinions by emailing us at landlordtenantsolutions@groupmail.com and let us know your answers to these questions or about anything else to improve the BC rental industry. We won’t edit or censor anything and are looking for your side of things.

British Columbia Landlords and Tenants Working Together For Success

Both landlords and tenants play an important role in the success of our province. Let’s work together to make things better and improve the BC rental industry for years to come.

British Columbia Landlords: Rent Increase Guideline 2014

Wednesday, January 1st, 2014

January 1st, 2014

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BC Landlords Are Asking “How Much Can I Raise the Rent In 2014?”

It’s news from the Residential Tenancies Branch that landlords all over the province are interested in.

Each year the government announces how much BC landlords can raise the rent for their tenants.

British Columbia Has Rent Control

Lots of new people who invest in residential rental properties in British Columbia are unaware we have what is called ‘Rent Control’ in this province.

This means the provincial government interferes with the rental market and controls how landlords run their rental businesses.

It doesn’t matter if you are a Vancouver landlord or if your properties are in Surrey or elsewhere, you have to obey whatever the government thinks is right when it comes to rent increases for the new year.

We are in a similar situation to what Ontario landlords face each year.

And those landlords aren’t happy with it.

Go check out the Ottawa Landlords blog to see what they face and they feel about their tiny 0.8% allowable rent increase.

How Much Can British Columbia Landlords Raise the Rent in 2014?

BC landlords can raise the rent 2.2% in 2014.

The Rent Increase for 2014 at 2.2%… It Just Feels Far Too Low!

We’ve received lots of emails already from landlords who feel the same way.

After all, the Rent Increase Guideline for BC landlords was 3.8%.

And many landlords don’t think their increased costs are lower than what we faced in 2013.

A Kelowna landlord emailed us the following message:

Property taxes go up. Hydro costs go up. Heck, even water bills are going through the roof!

Does the government really want people to invest in rental properties? Because it sure doesn’t seem like it.

I thought we decided against the NDP!

Why can’t we have the same rules as what Alberta landlords get?  My cousin is a landlord in Calgary and she is going to raise the rent over $100 for her $900 rental apartment.

That’s where the government keeps their Big Brother/Big Sister ideas away from good landlords who just want to make a profit of some sort by providing great properties to good tenants??

BC Landlords and Getting Good Results in 2014

As we have read, BC landlords faced a lot of challenges in 2013.

With a low rent increase for the new year landlords must be extra careful who they rent to.

Make sure you do proper tenant screening and don’t rent to someone who will not only give you a headache, they can stay in your property and enjoy very small rent increases for years on end.

To discuss this and other landlord matters go to the BC landlords forum.

Investing In British Columbia: Landlords Can Take Advantage of a Growing Tenant Pool

Monday, December 2nd, 2013

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As Home Prices Rise the Pool of Good Tenants Grows for BC Landlords

In our last blog post we discussed how BC landlords can enhance our chances to rent to good tenants with proper tenant screening techniques.

With proper tenant screening, including credit checks, you improve your chances of renting to good tenants who respect you, respect your rental property, and pay the rent on time.

Some potential investors have emailed us asking “are there any good tenants in BC?”

It’s a valid question considering the media attention on so many ‘tenants from hell.”

Opportunities for British Columbia Landlords

Let’s focus on the positives of investing and becoming a landlord in BC.

According to a report in Canadian Real Estate Wealth Magazine buying a home is becoming increasingly difficult.

Difficulties in getting a mortgage are only one obstacle for new buyers. Prices are rising.

You also have to service the home.  Utilities costs and taxes are rising.

An RBC report shows buying a house is simply not affordable for many renters.

The reports states that in 2013 a house owner will have to spend over 40% of household pre-tax income just to buy a small bungalow.

Owning Investment Properties Is a Business

A successful business has lots of good, paying customers and clients.

With the increasing costs of home ownership, it means many people who plan to buy a home will:

1. If they are currently renting they will hold and continue renting

2. Non-renters will decide to rent for a period of time before buying

The Pool Of Good Tenants Is Growing More people renting means the tenant pool grows.

This isn’t only happening in Vancouver.

Landlords in places like Surrey and Kelowna will also have more opportunities to rent to good tenants.

Reminder: There are Still Bad Tenants Out There

It’s important for landlords to use the proper tools and services to find good tenants.

Whenever you get the feeling of renting to tenants on your ‘gut feeling’ read this story about a Victoria landlord who is out more than $20,000 in lost rent, for fixing damages, and having to clean up the mess her tenants left.

Remember, lots of good tenants are looking for a good landlord…they are looking to rent from YOU

Make sure you screen your tenants carefully at all times.

Know what questions to ask.

Employment and tenant credit checks are a must.

Succeeding Is Now Up To You There are lots of good tenants out there.

Make sure you find them, and help them find you!

Tenant Screening British Columbia: Fast and Affordable Tenant Credit Checks

Sunday, November 3rd, 2013

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We’re heard about a lot about the challenges British Columbia landlords faced this year.

Most of them involved residential landlords renting to tenants who didn’t pay their rent.

Or tenants who moved in and left leaving thousands of dollars in damages. It also included tenants who harassed their landlords.

Some tenants brag they feel justified in taking these actions because they claim landlords are ‘greedy.’

Tenant Screening

It’s essential landlords conduct proper tenant screening on prospective tenants.

In this day and age renting to someone based on a good conversation or a call to a previous landlord usually isn’t enough.

We’ve heard the stories.

Some of the worst “tenants from hell” were very charming when the landlord first met them.

Some had lots of personal references.This included glowing letters from ‘former landlords’ and ’employers’ and filled with promises to treat your rental property ‘as if it was their own.’

It is easy for landlords to find any kind of tenant for their rental property.  It is much more difficult to find the right tenant who will not pose a risk to your investment. 

There are lots of great tenants out there and you want to make sure you rent to them.

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How Can I Find Good Tenants?

Garda Background Screening Services is proud to partner with the the CLA to help owners screen prospective tenants using our secure online technology – available in French and English – with results available in as little as 24 hours.

Gardas customized suite of services includes a tenant credit check can help provide a snapshot of a renter’s financial history.

Fast and Efficient Tool For BC Landlords

Time-pressed landlords need a tenant screening process that is simple and easy to use. 

Potential renters need only to complete a  consent form. 

The consent form and two pieces of identification are faxed in toll free or emailed into a designated mailbox. 

Get our services and receive special rates.

Should you have any questions, our dedicated account representatives are here to help.

Payment is quick and easy.  Landlords can use a credit card.There are no account set up fees and no contracts to sign. 

British Columbia Landlords only pay for the services they use. 

Results of the checks are emailed to the landlord’s inbox in as little as one business day.

Let Garda help protect your investment and help ensure you find the right tenant.   

Garda is are the country’s largest Canadian-owned background screening company. Garda clients count on us to provide them with the tools to manage risk, reduce losses, and enhance security in a cost effective and timely manner.

Protect Your Investment

Landlords all over British Columbia are being careful who they rent to.

Join the our group and start doing premium credit checks with Canada’s leading background screening company.