Real Estate Archives - Page 8 of 8 - The Outlier Model

Landlord tips: Extending the lease

Brian / July 28th, 2011 / 2 Comments

Good news! CF and I found out late last week that our tenants have agreed to sign on for another full year. This is great news and ensures that we won’t have to go through the process of finding new tenants for at least another year. Photo Credit: Jess and Colin (http://www.flickr.com/photos/jessandcolin/2362586545/) Offer another full year As a tenant, when my initial year lease has ended,...

Posted in: Home, Real Estate Tagged with: maintenance, moving to save money, renewing your tenants, Rental propery

Becoming a landlord: Maintenance

house maintenance, Becoming a landlord, landlord duties, landlord responsibilities, rental property, rental maintenance

CF / May 25th, 2011 / 3 Comments

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...

Posted in: Real Estate Tagged with: condo, investment property, maintenance, real estate, renovations, rental, renting a condo

Becoming a landlord: Getting a tenant

house, settled in, choose the location, home, mortgage options, Getting a tenant, landlord, landlord responsibilities, renting

CF / May 12th, 2011 / 9 Comments

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...

Posted in: Real Estate Tagged with: landlord, rental, renting a condo, tenants

Real estate update 2011

Real estate update, real estate, rental property, condo, renting out a property, property investment

CF / January 20th, 2011 / 4 Comments

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...

Posted in: Home, Real Estate Tagged with: buying a condo, renting vs buying, renting your condo, Vancouver