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 Metro Vancouver website for key facts and monthly indicators.

Join the Building Owners and Managers Association of British Columbia (BOMA) 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.

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.

Dianne Moscrip

Ready to find out more?

Call Dianne today! 604.518.0573