Are you thinking of investing in British Columbia? Make sure you join the BC Landlords Association for a one-time fee and get credit checks and the BC landlord Rental Kit!
Many investors view becoming a BC landlord as a sure path to success.
And why not?
Property prices are rising in British Columbia and Vancouver was rated by as one of the best cities in the world to live in.
Huge Competition For Renters To Find a Rental Property
According to The Columbian the rental market is tight and tenants are spending months looking for good rental properties in BC.
One tenant named Jacinta Cox has spent nearly three months trying to find a new place. She has to move because her landlord is selling her rental home.
She saw a nice BC rental property advertised on Craigslist and called the landlord fast! She was told that even though she called as soon she saw the place advertised there were already over 70 calls and the place was rented out!
She says there is so much competition in finding a property it’s like playing the lottery and hoping she wins.
CMHC: British Columbia Vacancy Rates Are Dropping in 2014
Vacancy rates are dropping in British Columbia in 2014 compared to the year before.
According to the Canada Mortgage and Housing Corporation (CMHC) the apartment vacancy rate is down to only 2.4% in 2014 compared to 3.5% in 2013.
This means more tenants are looking for rental properties.
BC One Bedroom Apartments
In British Columbia one bedroom apartments make up half of all rental properties.
The vacancy rate for 1 bedroom apartments was only 2.2% in 2014 compared to 3.3% in 2013!
Beware of Bad Tenants
While there are lots of good tenants in BC there are also a large percentage of bad tenants out there.
Take a look at Britishcolumbialandlords.ca to read about a couple of serial bad tenants who have ripped over 8 landlords in only 2 years!
These bad tenants know how to play the government system and take advantage of small landlords who aren’t careful and who don’t conduct proper tenant screening, including tenant credit checks.
BC Landlords Association Review
It’s very important Canada landlords join a good landlord association to help them succeed.
For example, we recommend Ontario Landlords join the Ontario Landlords Association.
And Alberta landlords can get the tools and services you need for success by joining the Alberta landlords association.
How Can BC Landlords Succeed?
We strongly recommend British Columbia landlords to join the BC Landlords Association.
For only a low one time registration fee BC landlords can get a lot of amazing services.
There are some other groups out there who charge high annual fees and even want you to believe they will give you legal help if you become a member (which they cannot do under BC laws) and in reality offer small landlords very little help for your annual fee (that pays for the salaries of their employees!) Smart BC Landlords don’t pay to support employee salaries!
Here’s only some of what you get when you join the BC Landlords Association for a one time registration fee –
1. BC Landlord Rental Kit
You get access to premium documents such as leases and application in the BC Landlord Kit.
2. BC Landlord Networking
You can also network with other successful landlords and property managers in BC and across Canada.
3. BC Landlord Premium Credit Checks
You can start running premium tenant credit checks to make sure you rent to good tenants.
4. Partners With Equifax
Equifax is a leading financial security company and a world leader in detecting financial fraud.
Equifax has partnered with the BC Landlords Association.
5. Recognized by the British Columbia Government
The provincial government recommends the BC Landlords Association as a place for small residential landlords to get advice and assistance.
Joining the BC Landlords Association Is A Must For a BC Landlord!
For only a low one time fee you get everything you need to become a successful BC Landlord.