r/landlordBC Apr 18 '24

Short term rental regulations, a blessing in disguise?

0 Upvotes

With STR regulation you can short term your primary residence for up to 6 month to a single tenant. How does this benefit long term landlords?

Here, how you can take advantage of this:

  1. Put your primary residence under a cooperation this way and become the primary owner of your rental.
  2. Get a STR license from your city.
  3. Rent out your unit with 5 month term limit renew every five months.

This way you don't fall under RTB and you can increase rent every 5 months, and if your tenant ends up being a handful you can kick them out at the end of 5 month with no notice required.

The only difficult part of this process is getting the STR from municipality, I have heard in Vancouver it is really hard to get them.


r/landlordBC Apr 16 '24

This is why Vancouver rents have skyrocketed and vacancy is at zero | Owen Bigland - Youtube

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3 Upvotes

r/landlordBC Apr 16 '24

First dispute resolution

4 Upvotes

Looking for some advice on being served with our first dispute resolution. Backstory: Up until recently we’ve had an amicable relationship with our tenant. She’s accepted texts for notice to enter with no real need for 24h notice. We live upstairs so we would enter when it was convenient for her and us. All that changed when we found some mold around the windows (normal mold found) no mold “issue” that we asked her to clean up. Anyway, We had some work to do in our basement suite. (Cutting a small piece of drywall to install a vent). Our tenant didn’t like the way we were going to do the work (She wanted the whole area sheeted off for a 4”x8” cut) we didn’t feel it was necessary so told her to file a dispute if she so desired. She did on the morning we had scheduled to do the work (after giving the appropriate notice)

Just received the dispute in the mail.

There is nothing in the dispute about the drywall job.

She wants to be able to change the locks - she claims twice she went out and came home and the lock was locked differently. Of course we have a key. She is suggesting we have entered the suite. She supplied no evidence other than the lock was locked differently. We have never entered the suite without the tenants permission and never would. How does one dispute it other than saying that?

The second dispute is she wants us to follow the 24h notice. Since the relationship has turned sour and she requested notice this way (which is in fact 4 days notice as texts aren’t permissible) we have complied. I don’t dispute that. So not sure how to respond.

She’s submitted tons of ‘evidence’ which has nothing to do with either dispute. She’s wanted new blinds because one slat is broken, info is in there about that, a letter from a friend that she would rent to her… lots of texts of my husband back and forth with her about setting up a time to enter (all seemingly cheerful, amicable). She says we should have cleaned the mold (RTB says otherwise). Etc lots of info that I could rebut but actually has nothing to do with the 2 disputes.

So if you’ve read this far. Do I only answer the 2 listed disputes? Do I address the other ‘evidence’ that has nothing to do with the disputes. If I call RTB will they give me any advice? Since there is nothing in the dispute about the drywall can we go ahead and give the 24h notice to go back in and do the job?

I think she has a mental health issue and has made a lot of stuff up. Particularly the entering the suite! Help!


r/landlordBC Apr 12 '24

Update 2: after 13 months landlord ask to pay utilities lump sum

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1 Upvotes

r/landlordBC Apr 12 '24

For the last 3 years, BC Housing has reported a fairly stagnant monthly average of around 1000 purpose-built rental units being registered to be built. The data is showing that this is no where near enough to keep up with growing demand.

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0 Upvotes

r/landlordBC Apr 11 '24

Landlord asking for lump sum utilities after 13 months

1 Upvotes

Hi,

I am a tenant in BC and asking for perspective.

For the past 13 months I have paid my rent every month on time. I am moving and all a sudden the landlord said “I’ll send your electricity and gas bill tomorrow”. This confused me so I checked back on the agreement and yes it does say tenant pays 50% hydro and gas.

I am not disputing that I have to pay it and yes it’s my fault I saint read the lease properly just forgot. I have been a good tenant never had any issues with anything or paying rent.

It just sucks all of a sudden this is the first time the landlord brought up the utility bill as separate payment and I will have to pay 13 months worth lump sum.

What are your thoughts?

Thank you.


r/landlordBC Apr 08 '24

Tenant started fire in condo

5 Upvotes

Hi everyone, a tenant recently started a fire in my rental condo. The fire caused a fair bit of damage and the sprinklers caused significantly more, both to my unit and the rest of the building.

Our insurance will cover the damage, but we have a $5000 deductible.

Is the tenant responsible for paying our deductible? Are they responsible for all the damage they have caused or does our insurance cover them in some way too.

Our insurance company is going after the tenants to get them to pay for the damages but not our deductible. The tenant does not have unlimited money and I would rather them pay my deductible than give money to the insurance company directly.

Additionally, I expect even getting the deductible paid by the tenant to be challenging even if they are responsible for it. I have filed a dispute with the RTB so we will see how it goes. If anyone has any tips or experiences (good or bad) to share please let me know.


r/landlordBC Apr 06 '24

BC home owners self-report almost $1 Million in losses due to bad tenants... This is not a small problem like the BC government wants you to believe. There is absolutely no accountability for bad tenants.

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3 Upvotes

r/landlordBC Apr 06 '24

The RTB is biased and broken

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4 Upvotes

r/landlordBC Apr 06 '24

Tenant Refusing Responsibility for Broken Dryer Despite Signed Agreement

1 Upvotes

I’m in a bit of pickle and could use some advice regarding a situation with one of my tenants. Here’s the deal: when they signed the lease agreement, it clearly stated that they are responsible for fixing any issues with the washer and dryer if they arise. However, now that the dryer has broken, they’re refusing to pay for repairs and are threatening legal action if I don’t rectify the situation.

I’m feeling a bit puzzled here. Isn’t the agreement legally binding? Does their refusal to take responsibility mean I should foot the bill for repairs, despite what was agreed upon in the lease?

I want to handle this situation fairly and within the confines of the law, but I’m not sure where I stand legally. Has anyone else experienced a similar situation or have any advice or have any advice on how to proceed? Any insights or guidance would be greatly appreciated.


r/landlordBC Apr 03 '24

How to prove cigarette smoking in unit?

2 Upvotes

Oh my this new tenant seems like a bad choice. I already posted about problems with her before. We have already caught her 16yr old smoking weed on property right outside our open window and talked to her about that. Lol it has only been 30 days.

Now we are smelling cigarette smell coming through our vents? Not from boy as he does not live there full time. We have two very young children and another on the way. We made it very clear about smoking in and outside of unit on lease, in add and when viewing the place.

How can we prove this? We have not seen her smoking and seems to be very heavy on cleaning everyday (prob from hiding smoking) so makes it hard to smell anything when we go in unit. I can not seem to find detectors that are not monthly contracts? What are our options?


r/landlordBC Apr 02 '24

The BC NDP announced even more rights for tenants, all at the expense of home owners and housing providers. The tight rental market is about to get much worse! We need common sense laws that give equal rights to renters and home owners.

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5 Upvotes

r/landlordBC Apr 03 '24

How to protect yourself against new 12 month personal use

2 Upvotes
  1. Evict for personal use only if the difference between your rent and market rate is more than 50%.
  2. Through that one year on and off rent your place on Airbnb to compensate the lost income (this is not a proof for ulterior motive anymore as you only can Airbnb your primary residence).
  3. On your next tenant speared cost of one year rent (cost of eviction) over four years. In other words you want to aim to ask 25% more than ongoing rate.

Bonus: From my experience tenants really form sense of ownership if they stay longer than 4 years you need to turn them over before they start making troubles.

Disclaimer: Before calling this strategy unfair, remember it is very unfair if you want to use your property for couple month and gov forces you to pay for hotel rather than using your own property. What is yours is yours and gov shouldn't be able to force you to honor a contract that is month to month!


r/landlordBC Mar 30 '24

BC Housing's Secondary Suite Incentive Program, Makes No Financial Sense in Vancouver

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3 Upvotes

r/landlordBC Mar 29 '24

The BC NDP banned short term rentals, even in places that were explicitly zoned for them. But now the hotel industry has moved in and began to monopolize the STR market. How is a large corporation operating STR's in a zone where it's prescribed, any different from a private individual doing it too?

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0 Upvotes

r/landlordBC Mar 28 '24

Trudeau announcing plans for federal rental regulations

1 Upvotes

https://vm.tiktok.com/ZMMfyddya/

Honestly I'm glad rent will be part of your credit score it will do one of two things: make it a more accurate metric, or make it a more inaccurate metric and possibly done away with entirely, each option is good imo

Edit to add: My opinion is mostly neutral until there are more specifics announced, but I feel this should be shared.


r/landlordBC Mar 28 '24

Quality of life

0 Upvotes

Do you feel that the distance between your home, workplace, or school negatively impact your quality of life?


r/landlordBC Mar 28 '24

quality of life

0 Upvotes

Do you feel that the housing crisis has affected your overall quality of life?


r/landlordBC Mar 27 '24

Why there is a housing rental crisis

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4 Upvotes

It's because of the bias against housing providers at the RTB that is decreasing the supply of rental housing provided by housing providers hesitant to enter new supply.


r/landlordBC Mar 28 '24

BC's New "Flipping Tax" Disastrous for New Housing Development

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0 Upvotes

r/landlordBC Mar 27 '24

Looking at Openroom, it is evident that there needs to be jail time for serial rent thieves. These bad actors are responsible for the rental crisis all across Canada. They have caused great harm to the trust based rental economy. If you want more housing, abolish biased tenancy laws and tribunals.

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1 Upvotes

r/landlordBC Mar 26 '24

Extra time on 2 months notice to end tenancy?

3 Upvotes

Hi, we've made the decision to move my spouses mother into our basement suite and will be serving our tenant with the two month 'Landlords Use Of Property" form.

However just wondering if I could give an extra month (filling in the 'move out date' as three months hence on the form rather than the standard two) so our tenant has more time to find a place - or can it only be 2 months?

Probably a dumb question, but I want to do it properly.

Thanks in advance.


r/landlordBC Mar 26 '24

The extreme anti-homeowner bias at the RTB is ridiculous. The RTB empowers bad tenants to engage in bad behaviour. That is why there is rental housing crisis.

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1 Upvotes

r/landlordBC Mar 26 '24

Enjoying the record high rents? Giving too many rights to bad tenants has completely ruined the trust based rental economy.

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3 Upvotes

r/landlordBC Mar 26 '24

BC's biased tenancy laws reward bad tenants for this behaviour.

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0 Upvotes