Calgarypuck Forums - The Unofficial Calgary Flames Fan Community
Old 11-13-2018, 04:02 PM   #21
First Line Centre
Hackey's Avatar
Join Date: Jan 2014

Screening the tenant is probably the biggest. Good tenant makes your life easy. Bad tenant makes your life hell.
Hackey is offline   Reply With Quote
Old 11-13-2018, 04:04 PM   #22
Ate 100 Treadmills
blankall's Avatar
Join Date: Mar 2006

Insurance....Get lots of it. Make sure you comply with the insurance contract. Do not try to save money here. Tenants do not care about day to day care. Something will go wrong eventually....probably involving lots of water flooding into your property or a neighbours.

I manage my own apartment and have done so for about 7 years. It's not so bad. A couple of times a year I go out and do a minor repair. It actually provides me with an excuse to check on the unit.
blankall is offline   Reply With Quote
Old 11-13-2018, 04:05 PM   #23
Franchise Player
Join Date: Dec 2003

Don't management companies take roughly 10%? That's fairly significant.

I've been a landlord once, and I had "good" tenants that mostly paid me on time, and mostly didn't damage my place. They still sucked and being a landlord sucked overall.
But living an honest life - for that you need the truth. That's the other thing I learned that day, that the truth, however shocking or uncomfortable, leads to liberation and dignity. -Ricky Gervais

Last edited by metallicat; 11-13-2018 at 04:48 PM.
metallicat is offline   Reply With Quote
Old 11-13-2018, 05:12 PM   #24
Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake

Require your tenant to have tenant's insurance and get a copy of the declarations page.
Captain James P. DeCOSTE, CD, 18 Sep 1993

Corporal Jean-Marc H. BECHARD, 6 Aug 1993
undercoverbrother is offline   Reply With Quote
The Following 3 Users Say Thank You to undercoverbrother For This Useful Post:
Old 11-13-2018, 05:20 PM   #25
Franchise Player
btimbit's Avatar
Join Date: Sep 2012
Location: Okotoks

Don't be afraid to be picky about choosing tenants. Don't get discouraged and rent to someone you have a bad feeling about just because the alternative is the place sitting empty, being a month out of pocket on a mortgage payment is a hell of a lot better than having some dirtbags in your place, and likely cheaper on the long run
btimbit is online now   Reply With Quote
Old 11-13-2018, 07:41 PM   #26
Franchise Player
WhiteTiger's Avatar
Join Date: Nov 2010

Familiarize yourself with the Landlords and Tenants Board Act and the easiest way to get ahold of them. Almost all of the disputes between landlord and tenant are civil, which means that you don't call police to solve them, but police are the #1 place many landlords/tenants go right to, only to be told their issue is civil.

Familiarize yourself with what police will/can do for landlords/tenants. You can save yourself a lot of time waiting and/or on the phone if you call the 'right' agency first.
WhiteTiger is offline   Reply With Quote
Old 11-14-2018, 05:12 AM   #27
First Line Centre
PaperBagger'14's Avatar
Join Date: Apr 2013
Location: Cowtown

It's been said in here before but you should 100% ask for references and call them. I was considering renting out my property to a super friendly family that I really liked during a phone call and meet/greet at the property. Upon calling their last landlord, they informed me they sub let the basement of their last place out and had 8 people in total living in a 3 bedroom house.

Do yourself a favour and follow up on references. If they dont give any, theres a reason why.
Originally Posted by oilboimcdavid View Post
Eakins wasn't a bad coach, the team just had 2 bad years, they should've been more patient.
PaperBagger'14 is offline   Reply With Quote
Old 11-16-2018, 08:32 AM   #28
Travis Munroe
Travis Munroe's Avatar
Join Date: Feb 2009
Location: Calgary

If I look at our biggest problems and share the learning experiences...

- have insurance coverage on top of asking the tenant to have coverage. Calls from the fire department are a lot less stressful when you know you are covered.

- build in a professional move out clean into the agreement. It is easy to overlook but life is much easier if the tenant is paying for a full clean once moving out. It actually makes things easier for the tenant as well even though they may be bitter about the cost.

- move in and out inspections are so much easier if done using photos. Take 100 photos. Share the album with the tenant. Point out all flaws and document them. Tenant signs off on the flaws and the approval of the album.

- A good property manager, although 8-12% will simplify your life to the point of forgetting you have the property. Some have the ability to take payments from CC's along with a list of advantages you do not have as a solo landlord.

Travis Munroe | Century 21 Elevate | 403.971.4300

Residential Buying & Selling

Property Management
Travis Munroe is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -6. The time now is 10:43 PM.

Calgary Flames

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright Calgarypuck 2016