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  1. Carla Reis

    about airbnb regulation in bc

    I am from Kelowna and have been running bnb's for the last 3 years however the council just reviewed the city staff proposal which promotes a new bylaw restricting STR similarly to Vancouver. (Is expected to be approved in Q1 2019) Keep in mind the Kelowna tourism market doest have 12 month...
  2. Carla Reis

    Offloading condo ideas

    A motivated seller agent will hustle and connect you with several seller agents. (Not the other way around) A slow poke or Zootopia desk (seller) agent won't help you that's why I rather rewards mine not the seller's. Edison Reis
  3. Carla Reis

    Offloading condo ideas

    I would offer few extra points for your Realtor to get his attention and commitment to sell it faster. Yes, it will cost you more money but the longer you sit on it, more money is costing you . The lesson here is ..... Never but condos with rental restrictions mainly if they are 55+ unless...
  4. Carla Reis

    Is it worth to buy now in this market

    Thomas is correct as he often is. My five cents is .... There's never a wrong time to buy real estate regardless the location. But... There's is a wrong time to sell. As long you aren't in a hurry it always (or typically) pays off over a long period of time. Edison Sent from my LG-H812 using...
  5. Carla Reis

    Private Money Avg Rates

    Excellent ! Thanks for sharing your detailed thought process. Cheers Sent from my iPad using myREINspace
  6. Carla Reis

    Q1 - Q1 Approach, wait and see or invest ?

    Indeed, I agree and some markets may decline a bit as sellers will have a harder time to sell. Merry Christmas Thomas ! Sent from my LG-H812 using myREINspace mobile app
  7. Carla Reis

    Q1 - Q1 Approach, wait and see or invest ?

    As 2017 comes to an end, what's your current state of mind ? 1- Continue seeking for investment properties and buy if makes sense. 2 - Slow down and observe the market and see how it will behave with new mortgage rules. Sent from my LG-H812 using myREINspace mobile app
  8. Carla Reis

    Rental Property Software

    We use an app called PropertyBuddy and works well for us with low cost. ( We use to manage our 2 properties which run in a STR / MDR scheme) Sent from my iPad using myREINspace
  9. Carla Reis

    Tenant with many overnight "guests": how to respond?

    I am taking that the term "overnight guests" as bedroom friends so my comment is around those lines. I may be wrong. (if related to STR) Sent from my LG-H812 using myREINspace mobile app
  10. Carla Reis

    Tenant with many overnight "guests": how to respond?

    I would say it is a hard one to enforce. If the tenant is having extra people often “living”there is one thing, having “overnight” guest (s) is another. One is related to the tenancy agreement and the other with his/her private life. (Careful to not cross the line of the privacy act) Sent...
  11. Carla Reis

    Q3 Economic Drivers Stats - Kelowna

    Indeed all good points Cory and Thomas. Luckily we bought our properties before the prices went crazy but who knows what future will bring. (If someone would’ve told me few years ago that Vancouver would be selling 1 bed condos for 1 Mio I would definitely question their sanity) Higher interest...
  12. Carla Reis

    Kelowna, Surrey among 2018's best real estate investment destinations

    I guess I can smell some of the 2017 top 10 BC cities already Western Investor’s annual take on the top five towns to place your real estate investments in Western Canada over the next year...
  13. Carla Reis

    Q3 Economic Drivers Stats - Kelowna

    I just thought I would share this stats with our network Some highlights are: - Population growth Up 8.4% - Labour force Up 7.2% - Housing starts Up 90% - Business licenses Up 15.4% - Household Income Up 41% - Median house price Up 19% - Avg rent Up...
  14. Carla Reis

    Top 10 Alberta City

    On my “day job” I am very connected to Fort McMurray and the Oil Sands industry therefore I personally wouldn’t recommend investing there. In the next 10 to 15 years it will be extremely hard for the OS operators to be competitive (local extraction cost vs. International along with the...
  15. Carla Reis

    Top 10 Alberta City

    Congrats for the latest release. I really enjoyed the clock and the table showing where we stand as far as the cycle based on the individual RE business approach Looking forward to see how BC will stack against AB Cheers Sent from my iPad using myREINspace
  16. Carla Reis

    The deal that kept growing......

    Wow amazing story ! Loved it I heard once that an entrepreneur (or perhaps a real estate investor) is someone that looks at the same problem like everyone else but.... from a different angle or perspective.
  17. Carla Reis

    Hitting the mortgage wall

    Thanks for the tips Travis !
  18. Carla Reis

    ICT Industry Growth in Canada

    Great article about the ICT industry growth throughout Canada. The interactive map and the PDF reports are a good source of information to find good areas to invest. http://www.itworldcanada.com/article/map-of-canadas-tech-sector-growth-for-2016/388594 Carla & Edison
  19. Carla Reis

    Hitting the mortgage wall

    Is getting harder and harder to access money from the banks. We just had a meeting with our banker this week and is getting harder to even get into our 3rd property (solo) even knowing the first 2 are cash flowing into the 3 digits and our DCR is 2.45
  20. Carla Reis

    Need help building a platform to hold tenants accountable.

    Well said Cory ! I use my engineering and management career experiences into our family REI .... The 5P's ! " Proper planning prevents poor performance"
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