Rental Property Archive
Zoning By-Laws (aka. why a 30-day minimum)
We get calls frequently asking why the minimum length of stay has to be 30 days. Most people assume it’s a financial reason but really, it’s because of section 10.21.6 of the zoning by-laws:
“No person shall use or permit to be used any dwelling unit for a period of less than one month unless such [...]
Managing a Profitable Revenue-Producing Condominium
1. What is revenue condominium ownership?
Revenue condominium ownership is private ownership of a revenue-producing suite for the purpose of earning a profit. You purchase a high standard condominium, furnish it yourself or we furnish it for you.
By hiring Bruce Ward Realty Ltd. to be your manager, the day to day work of renting, marketing, cleaning, [...]
How a Strata Council can Impose Fines Effectively
The difference between paid and unpaid fines owed: Strata council bylaws and regulations need to be enforced for both the protection and upkeep of the strata community. Proper notification in the enforcement of strata rules and bylaws must be given before a fine can be levied and collected. If the procedure isn’t followed exactly as [...]
Tips for Keeping your Condo Rented Year-Round
The trick to running 95% occupancy year-round in fully furnished privately owned condos: Actually, there are no tricks to this business. We start off by doing whatever is best for our principal. It’s not the tenant – it’s the owner of the unit.
Here are five effective strategies, not tricks, to help increase the unit owner’s [...]
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