Vancouver's Real Estate Market

[blkgsr]

isn't there a max number of nights before a guest is considered an occupant? I went through this was my old tenant and her girlfriend

i'd at least charge $500/month per parent group

cheaper than a hotel BY FAR and they should be thankful

[Eff-1]

Originally Posted by Mikoyan

When did this turn into RevSceneDeals?

As soon as we all bought real estate and became poor

[Euro7r]

Originally Posted by blkgsr

isn't there a max number of nights before a guest is considered an occupant? I went through this was my old tenant and her girlfriend

i'd at least charge $500/month per parent group

cheaper than a hotel BY FAR and they should be thankful

Well that's thing I'm been trying to figure out with RTB as well, what the hell constitutes as occupant. I contacted RTB and they told me an occupant is when they live in the rental unit and have no other primary residence anywhere else. That doesn't fucking make sense then, like a person can have another home in another country, and they could stay in my unit for 8 months and still be deemed a guest?

I'm already charging them 40% below market rate for rent, and they got the ballsacks to tell me they already paying for the rental unit and that they ain't paying a dime more, and only offered to pay for extra utilities. I didn't ask them to pay extra for rent with additional person staying, I merely only asked what their expectations were and what their thoughts were with their parents are staying months at time.

[Great68]

As I mentioned, there's no hard definition on it, there's no "after this many days they're occupants" etc.

Here's the relevant section on the Government website:

https://www2.gov.bc.ca/gov/content/h...guests-tenancy

For guests staying for an extended period (such as several weeks), the tenant should inform the landlord of the situation.

If a landlord tries to evict a tenant for having occupants in a rental unit, tenants can seek dispute resolution. Dispute resolution is a process to help resolve conflicts between landlords and tenants.

Consider certain factors to determine if a guest has become an occupant:

Whether the guest receives mail at the tenant's address
Whether the guest pays for rent or utilities
Whether the guest stays overnight regularly
Whether the guest moves in personal belongings such as pets or furniture
Whether the guest has a key to the tenant's unit

Notice that's only a list of "considerations", not hard lines. Also notice the "for guests staying for an extended period" note, which implies that it is perfectly allowable for guests to stay for several weeks.

I'm sorry dude, but let them have their parents over in peace.

[Hakkaboy]

Originally Posted by Euro7r

Well that's thing I'm been trying to figure out with RTB as well, what the hell constitutes as occupant. I contacted RTB and they told me an occupant is when they live in the rental unit and have no other primary residence anywhere else. That doesn't fucking make sense then, like a person can have another home in another country, and they could stay in my unit for 8 months and still be deemed a guest?

I'm already charging them 40% below market rate for rent, and they got the ballsacks to tell me they already paying for the rental unit and that they ain't paying a dime more, and only offered to pay for extra utilities. I didn't ask them to pay extra for rent with additional person staying, I merely only asked what their expectations were and what their thoughts were with their parents are staying months at time.

If they are offering extra to cover the cost of increased utilities, then what else do you want?

Did you want them to tell their parents no, they can't stay with them because they (your tenants) are paying below market rent?

[westopher]

If someone is paying rent, that's their home. I don't think having extended guests is something that is unreasonable.
If your parents were to stay with you for 2 months would you be charging them rent? If these people are in good standing with payments, then the fact is, it's their home.
They aren't your guests, they are your tenants and they pay to live there and it's just what they are doing. If they aren't taking up anymore space then I don't understand why you'd be entitled to anything extra, other than utilities since they seem to be shared in your home/suite which it seems like they are willing to do.

[PeanutButter]

^I'm pretty sure it's more the other stuff that they're getting away with. Leaving stuff outside or storing things on the property without asking.

I know for me it's always a respect thing. RESPECT MY AUTHORITY!!!! (In Cartman's voice)

[Hondaracer]

Honestly even asking extra for utilities feels yucky

[westopher]

Originally Posted by PeanutButter

^I'm pretty sure it's more the other stuff that they're getting away with. Leaving stuff outside or storing things on the property without asking.

I know for me it's always a respect thing. RESPECT MY AUTHORITY!!!! (In Cartman's voice)

If that's the case though, then that should be what is being brought up. If there's a problem address that directly. All the "parents staying there" workaround is going to do is cause problems, because that shouldn't be a problem.
Just because the suite is attached to his house doesn't make it any less of a landlord/tenant situation. Imagine some landlord coming to your apartment and being like "no guests are allowed here for an extended period"
I'd be very quick to tell them to fuck off.

[Traum]

Originally Posted by Euro7r

I'm already charging them 40% below market rate for rent, and they got the ballsacks to tell me they already paying for the rental unit and that they ain't paying a dime more, and only offered to pay for extra utilities. I didn't ask them to pay extra for rent with additional person staying, I merely only asked what their expectations were and what their thoughts were with their parents are staying months at time.

The only thing I can recommend here is -- you should be hiking their rent at the maximum allowable limited every single year.

[supafamous]

Originally Posted by Euro7r

Well that's thing I'm been trying to figure out with RTB as well, what the hell constitutes as occupant. I contacted RTB and they told me an occupant is when they live in the rental unit and have no other primary residence anywhere else. That doesn't fucking make sense then, like a person can have another home in another country, and they could stay in my unit for 8 months and still be deemed a guest?

I'm already charging them 40% below market rate for rent, and they got the ballsacks to tell me they already paying for the rental unit and that they ain't paying a dime more, and only offered to pay for extra utilities. I didn't ask them to pay extra for rent with additional person staying, I merely only asked what their expectations were and what their thoughts were with their parents are staying months at time.

I think this is a learning opportunity for you as a landlord - being a landlord is a business and it's on the landlord to know the rules and to set expectations with their "customers". I do not claim to know all the rules of being a landlord as there are a lot but I try to keep up with most of the commonly used ones and guests is one of those. While some would argue this rule has grey areas I'd say it kinda doesn't because the line when a person goes from guest to occupant is very deep into what most people would consider an occupant so unless your case is extreme then the person is a guest.

As for things like mixing business and friends - giving them a break on price is your own choice. They're not obligated to do anything different than any other tenant as a result. The rent break didn't come with stipulations on what they could do and even if they did those stipulations must be legal ones. It's nice of you to give them a break but as a landlord I would quote Jay-Z, "I'm a Business, man".

My wife and I plan on taking in our parents some day and they'll live in one of our rental suites but we both agree that they will pay market rent to us. If we choose to subsidise we intend to ask our siblings to help with subsidising the rent as well. To us, paying rent is a separate matter to us providing care for them by being close to them.

[PeanutButter]

It's crazy that I used to think I knew what I was talking about in my 20's. There's nothing like real life experience that humbles you. It reminds you that you ain't sh*t. The older I get, the more humble I become.

[PeanutButter]

What do you guys think about this unit.

One of my clients is looking at it. It's a pretty cool one bedroom on top of the police station in New West. It's pretty big and has a cool feel to it.

The price is asking a premium. He's a single guy in his 40's and he's pretty sure he's past the point of starting a family. I think he's mainly looking for a partner at this point.

https://www.rew.ca/properties/589416...westminster-bc

[JDMDreams]

Apparently it's hard to control temp with those high ceilings open space so it's gonna be cold in the winter and hot in the summer

[Hondaracer]

Very cool, I like it

[Liquid_o2]

I love these lofts. Not a lot of them around Metro Vancouver. Strata fees are high for the square footage of the place, but that is typically expected in these loft style homes. New West probably has the highest amount of loft style units in the market - even some newer builds in Queensborough have the fake brick loft style.

[Gumby]

Pretty nice! I like the simple square layouts, very little space is wasted.

[EvoFire]

Originally Posted by PeanutButter

What do you guys think about this unit.

One of my clients is looking at it. It's a pretty cool one bedroom on top of the police station in New West. It's pretty big and has a cool feel to it.

The price is asking a premium. He's a single guy in his 40's and he's pretty sure he's past the point of starting a family. I think he's mainly looking for a partner at this point.

https://www.rew.ca/properties/589416...westminster-bc

It looks cool, but the corrugated ceiling, if they are real, is gonna be a real bitch to warm/cool for the seasons. Basically will act like a giant heatsink

[Traum]

Originally Posted by EvoFire

It looks cool, but the corrugated ceiling, if they are real, is gonna be a real bitch to warm/cool for the seasons. Basically will act like a giant heatsink

That is literally the first thought the came into my mind as well. The unit looks nice, and the location is pretty convenient too, but I would want to find out whether the ceiling is real, and whether there is any additional insulation beyond the corrugated ceiling. It would not be fun from a temperature control's perspective, and since the ceiling spans both the bedroom and the living room, basically the whole unit is gonna be affected.

[RouRK]

Originally Posted by Traum

That is literally the first thought the came into my mind as well. The unit looks nice, and the location is pretty convenient too, but I would want to find out whether the ceiling is real, and whether there is any additional insulation beyond the corrugated ceiling. It would not be fun from a temperature control's perspective, and since the ceiling spans both the bedroom and the living room, basically the whole unit is gonna be affected.

it is probably a EPDM roof, it will have 8 inches of hard insulated foam above the steel Q'deck and then a rubber membrane.

its 100% insulated, far better than walls.

i work on tilt up buildings that have that type of roofing.

[westopher]

That place looks spectacular. I love seeing some character in reasonably priced places. It really makes living there feel special. Having a kid now something like that would never work for us but I still love to see them.
I can't wait to decorate our new place. It's had a good Reno and has a lot of character although lots of it is based on furniture that PO has in there now. He's got a vinyl collection of about 1000 records so I'm stoked to put my 14 up there and build it up lol.

[Gerbs]

Originally Posted by Hondaracer

Honestly even asking extra for utilities feels yucky

Yeah, if they're actually my friends and their parents uses an extra $100-200 utilities over two month, I'd be glad they're spending time with their family more than the money.

Owning a detached, your NW is likely over 1-2M+, why stress about $100-200, you already won in life.

Especially if they're decent tenants that don't trash the place + pay rent reasonably on time.




On the other hand, my friend just got evicted today. He was renting our friends parent's basement at $1,000 for a 2BR suite during covid for cheap because it was vacant and they didn't want the elderly to catch covid. Three years later they increased the rent from $1,100 to $1,400 in 2023. Now in 2024 he wants market rent of $2,100 and evicted my friend when he denied. My friend won't fight it because our friends parents, took the L for doing business with friends.

The moment they repost the listing online, he'll debate if the friendship is worth $30K in damages from an illegal eviction lol.

[6793026]

i would sue.
business is busines.
keep the screen shot and 1) go to RTB 2) file a case 3) send him old van sun on what's he's doing.
eviction is huge in vancouver and it's one huge issue when it comes to RTB that they will for sure hit you hard on.

hope you got proper documentation.

[Gumby]

Originally Posted by Gerbs

On the other hand, my friend just got evicted today. He was renting our friends parent's basement at $1,000 for a 2BR suite during covid for cheap because it was vacant and they didn't want the elderly to catch covid. Three years later they increased the rent from $1,100 to $1,400 in 2023. Now in 2024 he wants market rent of $2,100 and evicted my friend when he denied. My friend won't fight it because our friends parents, took the L for doing business with friends.

The moment they repost the listing online, he'll debate if the friendship is worth $30K in damages from an illegal eviction lol.

Even that rent increase is way beyond the max permitted...

[mikemhg]

Imagine paying $2,100 to live in someone's basement suite, GTFO here

At that point it'd make more sense just throwing an extra few hundred and get your own condo.