Investment property information

You've purchased property with the intention of renting it out, and/or you've decided to sell your rental property...here's some helpful hints.

Visit the Residential Tenancy Office website where you can obtain fact sheets and review the constantly changing forms required to end or modify a tenancy agreement, a generic online residential tenant application form, a residential tenancy agreement, a fact sheet reviewing what you need to know when selling a tenanted property, a notice to end tenancies (for the Landlord), a notice to increase the rent, read through deposit information, plus a wealth of other information.

Or, check out the CMHC website, where you can obtain housing market information including forcasts and analysis for your desired area, statistics data, housing outlooks. Plus, homeowner and landlord information, and home-buying step-by-step process.

Alternatively, check out the GVRD (Greater Vancouver Regional District) website for key facts and monthly indicators.

Join the BC Apartment Owners and Managers Association and learn from other owners and property managers all the ins and outs of owning investment property.

Consider getting a background check on your potential tenant, and a credit check (use Equifax).

Some tenants prefer to pay their rent online. Check out tenantpay.com and get set up for this convenient service.

And once your first tenant is moving out....well, you'll have to calculate what the interest is on the deposit. Here's a link to the Government of BC's deposit interest calculator.

http://www.rto.gov.bc.ca/content/calculator/calculator.aspx

Often clients ask for a list property managers nearby, and here you go:

Bill Rogers, ph: 604-728-6843, email: brogers@macrealty.com (only handles luxury rentals)

False Creek Management, ph: 604-395-5062, ask for Argundas.

Mario Brox, One West Properties Corp. www.onewest.ca, ph: 778-285-9993 (Coquitlam office), 604-374-3204 (cell)

Al Dodimead and Bill Malkin, ACD Realty, ph: 604-521-0311

Good luck! I hope one of them will be able to assist you in your property management needs. Let them know Dianne Moscrip referred you to them.

Dianne Moscrip

Ready to find out more?

Call Dianne today! 604.518.0573 or toll-free at 1.866.521.5767.