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Monthly Archives: April 2009
Be Nice to your Tenants! Ensuring a Good Landlord-Tenant Relationship Will Save You Money and Time
Selling A Tenanted Property in Vancouver? Being Nice can Save you Money, Hassle, and Time!
Selling tenanted properties in BC can be tricky and if done wrong, very expensive. Your tenants have been supporting your investment and helping you pay off your mortgage. Treat them like a partner when selling and it will save you money and stress.
3 WAYS TO KEEP YOUR TENANTS HAPPY!
1) Treat tenants courteously and professionally One of the best ways to to keep your costs down and stress levels low is to ensure a good and professional relationship with your tenants. Remember the “Golden Rule“? People tend to reciprocate good behaviour, so be nice. When you’re selling you want to have your tenants onside so they will be willing to show the suite and cooperating with the marketing and sale. A suite that is shown to more people will get higher offers.
2) Give them plenty of notice you’re selling (several months) Let them know your plans are so your tenants can plan accordingly AND prepare your suite for sale. A clean, tidy, and uncluttered suite takes time to prepare and tends to sell for more money sooner.
3) Keep them in the Loop People like to know whats going on with their home. If they know whats going on they are much happier and cooperative than if they don’t. ALSO they might be interested in buying the suite themselves. Good way to save even more money!
Unhappy and non-cooperative tenants will cost you money and stress you out. They have the BC Residential Tenancy Branch that is very good at making your life miserable as a Landlord if you treat your tenants badly.
So remember, be nice!
I’d love to hear your thoughts on this in the form of a comment!
Looking for Advice on Selling a Condo in Vancouver? Check out these series of Videos on How to Sell Your Condo in Vancouver!
Researching Presale Condo Investments? Check out these Videos on Vancouver Presale Condos!
Posted in: For Sellers
Tags: bad tenants, BC residential tenancy branch, downtown vancouver condos, good tenant relationship, good tenants, investment properties in Vancouver, landlord tenant relations, landlords rights in vancouver, rental properties, residential tenancy act, residential tenancy branch, revenue condos in downtown vancouver, revenue properties in Vancouver, revenue properties vancouver, revenue suite, selling tenanted condos in vancouver, selling tenanted properties in Vancouver, selling Vancouver Condos, tenants rights in Vancouver
4 Comments
Working with a Realtor in Vancouver- The Agency Relationship with your Real Estate Agent
Working with a Realtor The Agency Relationship in British Columbia by Mike Stewart Vancouver Realtor from Mike Stewart on Vimeo.
Hi All,
The “Working with a Realtor” brochure is one of the most misunderstood documents I work with.
Some people think that by signing this document they are committing to work FOREVER with the Realtor who got them to sign it. THIS IS NOT THE CASE!
The “Working with a Realtor” brochure is simply a signed confirmation the Realtor has explained the Agency Relationship to the client.
By signing this brochure, the client is NOT BOUND TO THE REALTOR. It is simply a signed disclosure that the client has had their rights in the Agency Relationship explained as well as the Realtors obligations and responsibilities to the client in this relationship. Nothing more.
The Agency Relationship is as follows:
1) Undivided loyalty. The Brokerage must protect the principal’s
negotiating position at all times, and disclose all known facts
which may affect or influence the principal’s decision.
2) To obey all lawful instructions of the principal.
3) An obligation to keep the confidences of the principal.
4) To exercise reasonable care and skill in performing all assigned
duties.
5) To account for all money and property placed in an Brokerage’s
hands while acting for the principal.
If you feel your Realtor is not following these rules bring it to their attention. If this doesn’t work, speak to their manager.
Here’s a copy of the Working With a Realtor Brochure:
Working With a Realtor by Mike Stewart Vancouver Real Estate Agent
Please leave a comment, I’d love to hear your thoughts and questions!
Posted in: First Time Home Buyers Advice for Vancouver, For Buyers, For Sellers
Tags: An obligation to keep the confidences of the principal, canada, Downtown Vancouver, Downtown Vancouver Real Estate, real estate, real estate board, real estate board of greater vancouver, realtor, The Agency Relationship, To account for all money and property placed in an Brokerage’s hands while acting for the principal, To exercise reasonable care and skill in performing all assigned duties, To obey all lawful instructions of the principal, Undivided loyalty, working with a realtor, working with a relator brochure rebgv
5 Comments