As a landlord I'd like to extend a big FUUUUCK YOOOU to Pooya and the renters of Vancouver.
Here are some reason's why AirBNB blows away renters.
1. What better way to get an idea of what your customer is like than to read reviews on them? I'd take that any day over doing credit checks, calling employers and references who may or may not be buddies with them.
2. Look at all the BS dinosaur and gridlock had to deal with
3. Hoarders, Dump Fee's and Pest control will cost u a few grand minimum
4. Professional renters that know the RTO rules favor them and know they can get free rent everytime they move and choose not to pay.
5. Evictions, unless someones life is in danger your looking at min 30 days to get someone out and thats ONLY if all the moons and stars align and they dont play any games. Which will also cost you starting at 1k+ minimum if you need a bailiff to get them out. Plus all the months of lost rent before you even get to that stage.
6. Never had an airBNB client wind up babysitting a pet even when the contract states no pets.
7. Your likely to get customers that are actual owners and know how to unclog their toilet and turn off a shut off valve under the sink if something happens. Not worry about these renters that dont know how anything works.
8.Higher ROI, you do more work and have more turnover but you stand to make more than you would with a normal month to month rental.
9. No need to worry about sublets behind your back or grow ops.
10. RTO. Being that you wont need to deal with this group of individuals who gladly take from the owner and give to the poor poor renter.
Vancouver has lost it's appeal to me, all but 1 of my properties has construction cranes making noise and causing gridlock. What good is a commute when your doing below 50km most of the time. Would you rather a 30 min commute with 2 traffic lights or 20?
Whats the point of having a modded car in vancouver? Unless it's a auto or DCT your going to punch yourself in the balls if your stuck in traffic. You never get to enjoy it, may as well use the EVOO service. Or get a big fat cushy sofa SUV.... until you had to find parking for it.. and with the way bikeboy is running this city soon the dt core wont be getting any better.
Moving a couple hours in any direction and getting out of the GVRD makes alot more sense to me. I just signed a 6 month contract with some realtors to let go of a few properties closer to the downtown core. The only rentals I'll be keeping are the ones where I know my tenants wont be moving in the next 5 years and have been with me for 5 years already with no issues. I keep the rents well below market they do some maintenance makes things easy for everyone.
So the end solution is that the renters want more rules to make things even more difficult for landlords LOL! Well if I was a foreign investor I would rather keep my property empty than to risk dealing with the sh1tty Vancouver renters.
I suspect the only people that rent to locals are the ones that still read newspapers daily. They simply dont know a better way.
Hey if there are any landlords that disagree I'd love to hear it!
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Originally Posted by GS8
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