It is difficult to manage an investment property especially if you have other jobs. This could lead to problems. In order to help you manage your property better, why not hire a property manager. He can do a lot for you. He can collect the rent, attend to tenants complaints, look for a tenant, maintain your property and more. Even the HOAs rely on property management companies to do their duties so that they can focus on other things as well.
With a severe accommodation shortage in Christchurch, and thousands of people leaving the city permanently, opportunities exist for canny property investors to buy houses at lower than their pre-quake market value and establish them as profitable rental investments.
Depending on which province you are renting in, you may be faced with 4-9 separate acts and regulations pertaining to the day-to-day operation of your rental properties. They cover everything from how big your windows have to be, to whether or not you can charge for keys, and as we will see what you are and are not allowed to do concerning pets. Specifically, we’ll consider the rules in Alberta and British Columbia.
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