Are You a Landlord?

Buying revenue property as part of your overall investment strategy is a great idea.  Holding valuable properties can help you build wealth over time.

All to often however we hear stories of landlords who have had bad experiences renting out their homes or condos.

Many times these bad experiences can be avoided if the landlords have the right resources available to them.  One such resource for BC landlords is ROMS BC short for  The Residential Owners and Managers Society of BC.

 

The mission of ROMS BC is to provide services, products and representation to help it’s members succeed as rental owners.  ROMS BC serves and represents over 2,300 members who collectively manage more than 50,000 residential rental units throughout British Columbia.   They have all sort of helpful things like rental application forms which facilitate credit checks on applicants, tenancy agreement forms and they can perform credit checks on your applicants.   The knowledgeable staff can also answer legal questions and offering operational advice.

 

Taking the time to properly vet those who apply for tenancy is a key element to having a good rental experience.  Make sure that your applicants’ references check out and perform a credit check.   With attention to these details and the right advise and resources at your command you too can benefit from owning rental property.