Not in Surrey. I did just take possession of a 1 bed 1.5 bath in Abbotsford. That being said I know i need to loosen up my criteria when searching, it's pretty specific right now. Have you had any luck?

Because the tenant is the "account holder" the amount owing stays with them. As the owner I'm not responsible and neither are the new tenants. BC Hydro will send the bill to collections to collect from the previous tenant.

I'm in the process of evicted a tenant who lives in one of my condos. The utilities (Hydro and Cable) are in his name as he was responsible to pay those bills. Once he leaves if the bill goes unpaid (i.e. BC Hydro) will the new tenant have any issues when they call in to set up their account...

Thanks for the feedback. Condo is in Langley, current tenant was paying $1,225 which I thought was low but as they are leaving so I posted for $1,500 thinking I wouldn't get much action however I was wrong. Had 10 responses in 48 hours, I am showing to 6 of them today plus the couple I...

Hello, I'm renting out one of my condo's and have a couple interested in renting it sight unseen and are willing to sign a 1 year lease. Credit, references and income verification all checked out. Should I have any concerns having not personally met them? Thanks for your input, Dave

I'm new to REIN, and live in Surrey but have a tough time finding condo's with sufficient cash flow (I specifically look at building which were built in 2009 or newer). Which area in Surrey are you looking in?

Hi Dan, Equity. Before I started investing and because of the market in BC I had built up a fair bit of equity in my primary residence. I'm now using a HELOC secured by my primary residence for the down payment on new cash flowing property. Just wondering at what point do I become over...

Hello, I'm off to what I think is a good start, however have seen many people be cautioned about being over-leveraged. What is a safe amount of equity I should carry as a % of my entire portfolio? Thanks!

I included a subject in my offer to purchase that the tenant must sign a new 1 year lease beginning Nov 1, 2016 which both the seller and tenant agreed to, just wasn't sure if the lease was enforceable to ask a tenant to sign a lease on a property which I don't own yet

I take over Nov 1, this is in Abbotsford, BC

Thanks for the input! I will speak to the seller and tenant about exiting the current lease on the same day my new lease begins. The tenant is currently in a fixed term lease until Jan 1, 2017. I don't intend on raising the rent right now as they are already paying at or possibly a little...

I am in the process of purchasing a condo with an existing tenant who would like to stay (I would also like for them to stay). Can I get my future tenants to sign a future dated lease now which would be date Nov 1, 2016 - Oct 30, 2017 before I'm legally the owner and take possession and if...

Built in 2015, tenant is currently paying $1,500/mth unfurnished however there is a listing for a unit for $2,400 furnished, 2 floors higher but otherwise very comparable. Seems like a big spread.

Hello, New REIN member trying to figure out what the market rent is within an area in Abbotsford, BC. There is a big spread between older and newer buildings in the area and there are currently no listings for unfurnished units in the specific building I'm looking at however there is a listing...