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Investor Quarterly – Summer/Fall 2014

Posted on September 19, 2014

Spruce Up The Exterior

The rental property market is very competitive for Vancouver landlords. From setting the right price to finding the right tenants, managing a rental unit can seem daunting. But with a few updates you can make your house standout from the rest and find the perfect renters. There are countless ways to attract potential tenants to your rental property and here are a few of my favourites to create a great first impression.

Doors

Your doors are one of the first things a person notices about a house, it can change the entire look of your home. Add a door with more windows for a light and airy look, or try a steel door for better security. Lots of doors are customizable, making it easy to set your property apart from the other rentals out there.

Fences and Gates

Just as there are several different types of doors, there are a slew of different styles of fences and gates that your clients can choose from. A quaint property might benefit from a traditional picket fence, while a large stone house might be completed with a wrought iron gate.

Front Yards

You don’t need us to tell you how important curb appeal is to a home. Simple landscaping can go a long way in improving the look of your rental property. Lay new sod, if necessary, or add colourful plants to a flowerbed. Ensure the front yard of the property is well-groomed: the lawn mowed, the weeds pulled, the plants watered, and the walkway and porch clean. Potential renters should feel proud of the house they will call home.

Tenant Move In: Did You Know?

Changing the locks

The landlord must provide each tenant with a key to the building and the unit at no cost. The landlord must change the locks or other system of access to the rental unit if the tenant makes the request at the beginning of a new tenancy and if the locks were not changed at the end of the previous tenancy. The tenant cannot change the locks without written permission from the landlord or an Residential Tenancy Branch (RTB) order.

When a tenant changes the locks without proper approval, the landlord can give written notice that the tenant has contravened the law and must correct the situation within a specific but reasonable period. The tenant must change the locks back and pay for the work done or give the landlord keys to the new locks.

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