Posts Tagged ‘bc landlord’

BC Landlord Forum To Help British Columbia Landlords Succeed!

Monday, January 7th, 2019

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Got Questions? Looking for Help? Want to Network With Other BC Landlords?

Join The BC Landlord Forum And Network With Thousands of Experienced and Successful Landlords Who Can Help You and Your Rental Business Succeed!

BC landlords know that it’s more important then ever before to make sure you find good tenants.  And even when you find good tenants you need to know how to deal with any problems or situations that come up.  And deal with them professionally and effectively to protect your rental business.

BC Landlords Face Challenges

There have been a lot of changes for BC landlords recently.  For example, we now face challenges such as the “vacancy tax” which has put a big strain on many landlords to rent out their properties while seeming not even achieving the goals of the program.  The good news is there are lots of great tenants out there and if you market your property correctly you will attract these tenants. 

What Is a Good Tenant?

These are people who will treat you and your rental property with respect

1. Pay Rent On Time

Small landlords have to pay their mortgages every month and we need to get the rent on time. Good tenants make sure paying the rent when it’s due is a priority!

2. Don’t Damage The Rental Property

We all know how expensive it is to hire contractors these days. And fixing holes in drywall, cleaning carpets or other flooring can lead up to huge extra costs.  Good tenants treat the rental property like their own.

3. Respect Other Tenants

For those of us who own multi-unit rentals we know that “tenant vs. tenant” issues can be stressful and expensive. Good tenants cooperate and get along with other tenants.

4. Follow the Lease Rules

Good tenants follow the lease rules you have set up. For example, they follow rules on things like parking and give proper notice when they decide to move out and keep the rental clean to give you the opportunity to find your next tenants (and cover your mortgage!)

5. Good Tenants Respect You, Their Landlord

We keep hearing about some renters who believe their landlords are making huge profits and getting rich just by being a landlord.  Good tenants respect and appreciate their landlord who is providing them with a nice rental property.

Where Can BC Landlords Go If You Need Some Advice, Some Help Or Just Want To Network?

Join the BC Landlord Forum!

With all the challenges BC landlords are facing our team of experienced and success landlords decided to make sure our popular and influential forum is accessible to BC landlords. 

For only a one-time fee you can now get a ton of great tools and services to help your rental business succeed….including access to the Landlord Expert Forum filled with thousands of BC landlords and even more experienced landlords and property managers across Canada!

BC Landlords Need to Help Other Succeed

By working together we can help each other face challenges and overcome them. If you have a problem, another experienced and successful landlord has faced it before and succeed and can give you advice. If someone has a problem you have faced before you can help them. 

We also face some big issues in 2019!  For example, how are we going to handle tenants who smoke and grow marijuana when it is legal?

 BC Landlords Forum – Landlords Helping Landlords

This is a great place to share tips and advice.  You’ve got a ton of Alberta landlords and also experienced and successful landlords from all across Canada who are united to help each other succeed by renting to good tenants and avoiding the pros.

Welcome To Our Huge BC Landlord Community and Welcome to the BC Landlord Forum!

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B.C. maximum allowable rent increase for 2019 is 4.5%

Sunday, September 9th, 2018

BC landlord rent increase 2019

This is the largest rent increase since 2004

Successful BC landlords know how important it is to raise your rents every year.  With inflation and rising costs if you don’t raise the rent you can quickly fall into the trap of not only losing your cash-flow but even being cash-flow negative! Losing money every month can be a stressful and scary experience!

Many landlords across British Columbia were worried this year the rent guideline would be very low. 

After all, BC landlords are facing a lot of challenges these days. For many of us, it feels like investing in real estate, creating jobs and great rental properties is a ‘bad thing’ in BC.

Many landlords are even thinking of investing outside of BC now.

The good news is the rent increase guideline for 2019 is very fair. The BC government has set the maximum allowable rent increase at 4.5% in 2019.  It was only 4% for 2018.

This is the biggest increase since 2004 (When it was capped at 4.6%). Alberta landlords can raise the rent as much as the market can bear each year with property notice. 

Many Ontario landlords are furious that despite the same type of inflation and rising costs as we have in BC they can only raise the rent by 1.8% in 2019.

BC Landlord Landlord Rent Increase Guideline 2019

BC landlords you can raise the rent 4.5% in 2019.  According to the CBC this has many BC tenants angry but this is a great step by the gov’t to help us small landlords succeed (and not sell and invest in friendlier markets).

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British Columbia Landlords: Find Good Tenants! Use Credit Checks

Tuesday, April 15th, 2014

BC landlords good tenants credit check

Use our BC landlord services to Find Great Tenants And Avoid the Serial Bad Tenants Out There!

Get The Best Tenant Credit Checks Available! We Are Landlords and We Help Landlords!

ONLY A ONE-TIME SET UP FEE FOR PREMIUM CREDIT CHECKS AND THE RENTAL KIT AND MORE! 

The report of the CBC investigation of serial bad tenants is a huge wake-up call for landlords all across our province.

The report is about serial bad tenants who don’t pay rent.

It has landlords demanding a bad-tenant registry in British Columbia.

We had a Vancouver landlord email us the following:

“I also rented to some bad tenants. I was lucky they left owing only a month of rent and left the rental property pretty clean with the keys in the door.

I know see how lucky I was and will never rent to anyone without screening them properly!”

A landlord in Kelowna wrote in:

“This type of tenant scam happens all the time. Only now the media finally reported it!”

We even had an Alberta landlord write in with advice:

“Don’t wait for the government to do anything because they won’t. Make sure you check out anyone who wants to rent your property because this type of bad renter behaviour is happening not just in British Columbia.”

What Makes a Tenant A Good Tenant?

The good news is most of the tenants are there are good. These are the people you need to rent to. They treat you and your property with respect and pay the rent on time.

What is a Bad Tenant?

As we see from the CBC news report, bad tenants don’t pay the rent.

It’s also common for these types of tenants to cause damages to your rental property, leave a lot of garbage behind when they finally move, and cause a lot of drama with other tenants (and give their drama to you, the landlord).

How Can A Landlord Find Good Tenants? (And Avoid the Serial Ones)?

The most effective way is to be careful who you rent to.

A good tenant screening process includes a credit check.

It will provide you with a window on your tenant applicants financial history, as well as verify employment and past addresses.

What Will A Tenant Credit Check Show Me?

It’s exactly what successful landlords need to rent to the great tenants out there!

1. Credit Score

A credit score reveals the credit worthiness of a potential tenant.

If they have a history of paying their bills on time and being careful with the debts and finances it will result in a high credit score.

2. Current and Past Addresses

If any of the landlords had check their tenant’s credit they would have been able to see where they lived before and contacted those former landlords.

This way they would have found these tenants had a history of not-paying rent.

3. Employment

Are they currently employed? What about past employment?

4. Identification verification

Are they who they really say they are?

5. Past court judgments and other important information

Has anyone sued them and won a judgment against them? Do they owe anyone money? Are people chasing after them to try to collect debts owed?

All this is vital information about the people who are thinking of allowing into your investment property.

How Much Will This Cost?

Other groups charge members an annual fee to become a member.

Yikes! Those fees add up!

We don’t believe this is fair for small landlords.

For small landlords this large fee can add up, especially as you have to continue to pay year after year.

British Columbia Landlords – Get our services for only a one-time fee of only $99 and get access to the best credit checks available at a great price!

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Tenant Opinions: Landlords Shouldn’t Rule Out Smokers

Monday, August 13th, 2012

August 12th, 2012

Who Supports Smoking in this Day and Age?

A long term renter has written in with a defense of “tenant-smokers”.

What Does She Say?

She states that when she first starting looking for a rental in Victoria, BC she was “amazed at how often landlords post ads requiring tenants to be non-smokers and generally prohibiting pets, particularly dogs.”

She goes on to state she is a “moderate smoker” and enjoys the “company of my dog.”

Alright, But What Does This Have to Do with Rules From Landlords?

She states she is a professional who is employed in a stable job and her rent is always paid on time.

Alright, Why Does that Make her Special?

She continues by stating she doesn’t smoke in her apartment, although she could.  And her do is trained to do their business outside and not in the apartment.

Alright, That Isn’t Special, It’s Expected

She also states she is not only industrious and responsible, she is also a tax payer.

Aren’t We all Industrious and Responsible.  And We Pay Our Taxes.

The renter, Susie Harder, says she finds herself in a situation where her options are limited in finding a rental property in Victoria, BC.

She says just because a tenant doesn’t smoke or have pets doesn’t necessarily make them great tenants!

I Say Thanks For Your Advice, Susie

Landlords in Victoria also say “thanks” for her opinions and rent to people they want to rent to.

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