Are you a Landlord looking after your own rental property? If so, watch out for the following common mistakes Landlords make. Mistakes Landlords Make Incomplete or improper paperwork. Make sure you complete a Tenancy Agreement with your new tenants before they move in. This details all the important information relating to the property, the rent, security and/or pet deposits, as well as who is responsible for what type of maintenance etc. If you have additional rules, make sure you attach a list of these as well so everyone knows what’s expected. Each tenant on the agreement, as well as the…
RE/MAX of Nanaimo Property Management, manages your real estate investments as if they were our our! Serving Ladysmith to Parksville. Finding quality renters for Nanaimo rentals and managing your real estate investments. There are few investments that have the long term income potential that real estate does. By merging a successful, globally recognized real estate brand like RE/MAX with property management we have the recipe for just that – long term income potential and increased ROI on your real estate investment. Nanaimo Property Management Your property will be cared for and managed carefully under our property management umbrella of specialists…
By now you’ve reviewed our Summary of Landlord Services. But let’s take a little more detailed look at some of what Property Management services for Landlords are available – from RE/MAX of Nanaimo Property Management that is! Property Management services for Landlords ADVERTISING. Our website is a great resource for tenants looking for a new home. If a property is available for rent, it is on our website, complete with a detailed write up and current photos. This advertising will also be shared on Craigslist, Kijiji, UsedNanaimo and on the RE/MAX of Nanaimo insider page for internal groups with 100+ members. We…
Previously, we looked at how to give proper notice to your Landlord that you are moving out. This posts focus is on a Landlord’s right to enter your rental home to inspect. Once you move into your rental home, you are entitled to peace and quiet enjoyment. That means the Landlord can’t just walk in unannounced, he can’t just “pop by” to make sure things are going okay and he can’t expect you to let him in without warning simply because he feels like checking the condition of the home. Rental entry conditions While the Landlord has a right to enter…
If you are already a landlord you know that looking after your investment and screening tenants can be extremely time-consuming and at times even disappointing. Everything could be great; the rent comes in on time, the house and yard look well-maintained and then your tenant gives notice to vacate. You post ads, re-word the advertisement, enter it on other websites trying to attract attention and still no one calls. You might even pay money to advertise in the newspaper. Is the rent negotiable? Screening tenants to find the right tenant can be a challenge. You may get questions such as, “Can…
To help you rent or lease real estate, Property Managers, and Realtor brokerages need to protect, use and disclose some of your personal information. This privacy policy provides you with information about and obtains your consent to such information handling practices. Your privacy is very important to us. The purpose of this privacy policy is to provide you with a description of the type of information we collect and how we use that information. Definitions Personal Information means any identifiable information about you, including your name, address, phone number, financial information and may include information about your property, lease rate, terms…
If you’re a Landlord who’s decided to hire a professional Property Manager, do you really need a written Management Agreement? ABSOLUTELY. Management Agreements outline the terms of your agreement with the management company – how long they will be responsible for the property, what they will do, how much they’ll charge and so on. Some of the important things to look for are: When the agreement commences and ends and if there are any renewal clauses. Does it automatically renew until it’s cancelled? Under what circumstances can the agreement be terminated? How much will you pay them each month? Is…
Absolutely you can be a long distance Landlord! But how you achieve this successfully can be a bit more complex. Owning property in the Nanaimo area is a smart decision even if you don’t live here. Home prices are more affordable than in some other areas of the province and with the current exchange rate against the US dollar, now is a great time to make the leap if you’re an American looking for investment opportunities. Prices, while still affordable, have room to grow and your real estate investment will most likely continue to appreciate in value over the foreseeable…
If you’re a tenant, when is the best time to tell your Landlord you’re buying a house and are going to be moving out? Should you tell your Landlord you are moving? The short answer is – that depends. Tenancy Agreement First of all, if you have a fixed term tenancy agreement with a specific end date, you can’t end the tenancy before that date without being responsible for the rent if the Landlord can’t re-rent the place right away. Let your real estate agent know when your end date is and you may be able to work your purchase closing date…
Renting a home can be an eye opening experience. If you’re a Tenant considering renting a property, here are 5 mistakes Tenants make – that are easy to make and avoid! Mistakes Tenants Make Not knowing what your Tenancy Agreement says. If you listened to your parents growing up, you know never to sign anything you haven’t read. Make sure you go through the whole tenancy agreement before you sign it and clarify any areas of concern. Once you’ve signed it, it’s too late and you’re bound by the conditions in the agreement. Not getting copies of the Tenancy Agreement…
