An admitted "newbie" landlord recently publicized her two-year long horror story -- a tale of how seemingly perfect tenants left the landlord's rental home in shambles, and then filed bankruptcy to avoid the hard-earned $12,000 judgement. The Nova Scotia landlord says...
Is Your Tenant An Animal Hoarder?
Address Our Mess, a company that specializes in helping landlords and tenants deal with hoarding issues, recently warned that animal hoarding has become a serious problem in New York City. The company cites the tight rental market and a shortage of pet-friendly...
Canada’s Latest Rental Market Report
Millennial renters and immigrants are keeping vacancy rates low, according to the fall Rental Market Survey released by Canada Mortgage and Housing Corporation (CMHC). The average rental apartment vacancy rate in Canada’s 35 larger centres increased slightly, to 2.8...
British Columbia Sets Deposit Interest for 2015
The interest rate for security and pet deposits throughout British Columbia will remain at 0.0% for 2015, according to an announcement by the BC Residential Tenancy Branch. This interest calculation is set annually. The rate has remained at 0.0% since 2009. According...
Quebec’s New Mandatory Lease Form
According to a statement from the Association of Quebec Landlords (APQ), a new regulation regarding mandatory lease agreements will go into effect on February 24. The new lease form will include standard language regarding joint and several liability -- a rule that...
What the Millennial Explosion Means for Landlords
Ever get the feeling that you've suddenly gotten older? Don’t worry, it’s not you. The number of young renters is increasing — and that has some landlords feeling outdated. Millennials — 30-year-olds, give or take five years — are quickly becoming a significant renter...
15 Ways for Landlords to Prosper in 2015
The end of the year is prime time for planning. As you review 2014 and make plans for 2015, consider some ways that you can improve your efficiency and boost your profit margins. Combine these tips for a winning strategy in 2015: 1. Make a resolution to always speak...
Landlords Make Costly Mistakes Managing Tenants With Disabilities
The U.S. Department of Housing and Urban Development (HUD), the agency tasked with enforcing discrimination laws, recently issued a statement announcing that a number of landlords across the country have been penalized for discrimination against tenants with...
Landlords See New Rental Laws in 2015
January 1st is an important date, especially for landlords. Not only does it mark the beginning of a new year, but it's also a common time for new rental laws to go into effect. These new rules can touch on every aspect of the rental process, from tenant screening to...
What the Millennial Explosion Means for Landlords
Do you have a nagging feeling that you're getting older? Don't worry, it's not you. The number of young renters is increasing -- and that has some landlords feeling outdated. Millennials -- 30-year-olds, give or take five years -- are quickly becoming a significant...
15 Top Landlord Strategies for a Profitable 2015
As you take a step back and make plans for 2015, try out some of these top strategies utilized by the most successful landlords and property managers. Each strategy alone is a money-saver, but incorporating them all is your best bet for a prosperous 2015: 1. If you do...
Rent to Income Ratios on the Rise
Nearly one-half of British Columbia renters pay more than 30 per cent of gross income on rent, the threshold deemed unaffordable by Statistics Canada. What's more, 25 percent of tenants in the province currently pay more than 50 percent of gross income on rent,...
Landlords: Minimize Your Liability This Winter
If you want to maintain profitable rental properties, then it stands to reason that you need to keep your costs down. The best way to do that is to reduce or eliminate common liabilities. Focusing on tenant safety is key. While potential risks can creep up any time of...
2 Ways Security Deposits Cost Landlords
How do you avoid rental losses? Most landlords will answer, "Ask for a security deposit." Having the right to deduct repair costs or unpaid rent directly from a tenant's funds is an efficient way to restore a rental property and quickly get it back on the market....
Companion Animal Policy a Must for Landlords
This week the U.S. Justice Department announced it had settled a long-standing dispute between a tenant and her landlords over pet policies. As a result of the settlement, the landlords will pay $25,000 to end a dispute over a $1,000 pet deposit requirement. The...
5 Tips to Avoid Wintertime Liabilities
Keeping your rental properties profitable requires staying ahead of risks. While potential liabilities exist year round, winter brings special concerns for landlords. Show your tenants - both current and new -- that you care about safety at your rentals: 1. Carbon...
Landlords Bend Tenant Screening Policies for Homeless
Landlords in King County, Washington have been bending the rules. But, it's for a good cause: reducing the number of homeless in the area. Homelessness has climbed recently throughout the Northwest as vacancy rates dropped. The problem has prompted lawmakers into...
Should Landlord Screen Tenant’s Family Members?
Q: Do we have the right to screen a “Proposed Occupant” as well as an Applicant? The Applicant’s screen may come back “Approved/Clear" of credit and background check, but what about the rest of the family members that may be living in your property? One of them may...
Common Mistake Causes Income Loss for Landlord
Ask any landlord in Ontario and they'll likely say they'd love the opportunity to collect security deposits to hedge the risk of income loss. Unfortunately, it would take a change in the law to make that happen. Surprisingly, in provinces that allow for security...
Vancouver Renters Willing to Make Sacrifices
Most Metro Vancouver residents are willing to make serious sacrifices to live there, that according to a poll conducted by Angus Reid Global for Vancity and the Vancouver Sun. According to the poll of nearly 1,100 Metro Vancouver residents, in order to be able to...