All Forum Posts by: Eve I.

I agree with Matt and Jason.

Even in Sea to Sky district where no foreign buyers tax apply, sales are down on detached homes and it's now buyer's market. Condos and townhouses are still stable but I guess they are going slow after this summer.

Not sure how it affect to rent price but I think these areas are now not good for speculation in property or flipping.

Thank you @Marie Tai for your advice and also sharing your experience. 

Last week I've posted an ad for looking a new tenant and on the same day then I got a lot of phone calls from people interested in viewing, that was actually quite more than I expected. I learnt landlord BC may better choice to credit check especially in summer.

I had a chance to see a couple of local landlords showing their rental property and also doing move-in inspection. They suggested almost the same thing what you advised, just one difference was they said "current landlord" or "friend" may not good reference so try to get ex-landlord's contact. I think I know the similar story from BiggerPocket's blog.

Regarding rent payment I found some company provides online rent payment system where tenants can use credit card, direct deposit etc. However all those services are for rental management company, not for an individual landlord.

I think interac e-transfer or other email money transfer is common and safer way in here Canada.

I'll keep learning.

FYI, and For all who are interested in TVS :)

TVS - Nationwide Tenant Screening Services for Landlords & Property Managres

https://www.tenantverification.ca/

Thank you @Kris F. and @Mike Bisson for share information. TVS looks like great for tenant screening. Also I wasn't aware that Google can be used for the screening... I must study hard. Upon searching TVS, I found another tenant screening services called Naborly, maybe using both TVS and Naborly can help me but not sure for now.

I think email transfer is easy for tenants and me, and as some banks offer free email transfers, tenants might love it.

@Mike McCarthy, thank you for your advice. I totally agree with you, but when I thought of using one of online services, all services listed in https://www.biggerpockets.com/rei/pay-rent-online-payment-tools/ are not available in Canada. I'd like to know about online rental payment method and/or tenant screening services that Canadian landlords use. 

Hello, I am going to start landlord business in BC.

How do you choose your good tenants, and what method do you use for rent collection?

Does anyone use background check services and/or online payment (other than e-mail money transfer) ?

I've recently joined to BigegrPockets, started to learn, and noticed that while many investors suggest to use online rent payment tool and backgroud check services, the similar services are quite limited available in Canada, especially tenant's "background" check services. Do you think those services work well in Canada?

Any suggestions would be appreciated.

Thank you @Steve Babiak for the link. Not only for your posts regarding the awful painting, but also all posts are very helpful information to take into account.

Thank you @Max Tanenbaum. As you mentioned it should be easier and probably much safer, especially for a newbie like me. I'd keep learning.

@Pete Budagher and @Steve Vaughan, Thank you for helpful comments.

It seems things are more challenging than I expected. I've found some posts by @Steve Babiak and other experienced landlords in old discussions regarding to tenants want to paint or alter their room.

I'd like to say no at this point, and see if the tenants are "good tenants" for a while and if I want to make them happy and keeping them. 

Hello everyone,

I am a newbie, recently join BiggerPockets and have started to learning about REI and landlord business.

I have purchased a new property and currently waiting closing. 

The current owners have been asked by tenants who want to paint etc, and they told tenants they cannot allow any alterations until tenants speak with me. I think it's okay to allow alterations at this point but as I don't have enough experience I little bit worry if it could be a cause of future troubles.

Currently I think allow alternations and ask tenants to complete it before the closing, as I'd like to check the unit and do necessary maintenance once I became the owner.

Could anyone give advice?

Any suggestions would be appreciated.

Many thanks.