Becoming a landlord: Maintenance

house maintenance, Becoming a landlord, landlord duties, landlord responsibilities, rental property, rental maintenance
After you get a tenant for your rental property it’s time to sit back and rake in the cash right?  Um, NO! Rental properties require a lot of work!  This work doesn’t end after you get a tenant.  It just changes into different sorts of work.  As a landlord, you need to remain proactive and vigilant. Original by Christian Schuit at http://www.flickr.com/photos/christianschuit/4592831096/ Maintenance...

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Posted in: Real Estate

Becoming a landlord: Getting a tenant

house, settled in, choose the location, home, mortgage options, Getting a tenant, landlord, landlord responsibilities, renting
Brian and I became landlords a little while after purchasing a condo.  For us, it was a good decision because renting the condo (1) Makes us money and (2) Allows us to live in an area of the city we like better.  It’s not easy to decide to become a landlord, and it is even more work after you make the decision.  Here’s how we found our first tenant.   Original by Moyen Brenn at...

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Posted in: Real Estate

Real estate update 2011

Real estate update, real estate, rental property, condo, renting out a property, property investment
Buying the first condo We bought our first condo at the age of 25, in March 2010.  Hard to believe, but even with the mortgage, strata, taxes and money set aside for maintenance, we were paying less for our condo per month than what we paid to rent in Vancouver! When we first bought the condo,  it was assessed at 210k. At the time, we paid 250k for it, 10k less than the asking price. We got our...

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Posted in: Home, Real Estate
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