Property Management by Amit

This is what 10 years with your best friend looks like ❤️

And there it is folks! Make sure your properties have the correct business licenses from your municipality. Now the government is coming after your Airbnb portfolio.

Recently I’ve had many clients contact us regarding Airbnb listings. Yes we do manage a professional portfolio of furnished suites for short terms rentals, however if you are considering this, you must make sure that your property falls within the correct zoning and that your municipality allows it, you also need to make sure you can find the correct insurance to protect your home. I’ve seen a large influx of “influencers” “social media personalities” advertising airbnb management, they’re not licensed/insured and they’re advising people completely wrong. Soon Airbnb will be regulated across the board. If your in the market to purchase Short term rental / airbnb property, verify it’s zoning, make sure the municipality your purchasing in allows airbnb. More importantly, if tomorrow the airbnb rules change overnight (which is happening overnight across North America) can you rent your home long term and is it still a good investment. Also realize that with short term rentals, you must invest in the furnishing and interior design to hit those top performing rental numbers and compete with your competition, and if your doing that in a neighbourhood without the correct zoning and bylaw officers come and shut you down, that investment furnishing, linens etc is all lost. Invest smart, work with professionals, don’t believe in Instagram hype

Happy 8th birthday to our dear Vaaya - my forever side kick. Your one of the most kind hearted, understanding, charismatic and intelligent people I know. Proud to have you as our daughter. Always be you, with all my heart I love you # # # from papa and mama.

Property Management by Amit updated their phone number.

Never forget & remember your history. Our ancestors fought honourably along side many nations and forgotten warriors. Be proud of the sacrifices they made to create the expansive family trees that we’re so lucky to have today. I’m blessed with family ties in UK, Australia, Canada, USA, Norway, Burma and countless others that I do not know. Only because of the fearless steps of our ancestors. To my family and friends, keep being the best versions of yourselves. Let’s not waste the opportunities they gave us.
🌹

$3 million in unpaid rent 😲

Hudson's Bay Company argues Victoria mall blocked lease assignment in unpaid rent case | CBC News The Hudson's Bay Company scored a win in the Supreme Court of B.C., Wednesday, where it is defending itself against an application from the owner of a Vancouver Island mall that seeks what could eventually be more than $3 million in unpaid rent by the Canadian retailer.

Pre-sale for our next high volume Chevron site coming up in beautiful Lac La Hache. Right on Busy Hwy 1. This pre-sale site offers one of our largest cash incentives yet - contact for purchase detail options.


Call 604 897 8662

And that’s a wrap! BC complete & SOLD.

Great information regarding mortgages and specifically down payments!

If your tenant was unable to pay all or certain portions of rent, please create a payment plan with them to help them get up to speed by July 2021.

Missed rent payments ‘cause of COVID-19? You have until July 2021 to pay up - Abbotsford News Each monthly instalment must be paid on the same date the rent is due

Still cannot evict people for non-payment of rent however.

B.C. lifts ban on some residential evictions and other tenancy laws | CBC News The province is scaling back several protections for residential tenants issued in March as B.C. enters Phase 3 of its restart plan.

BC Housing says it won’t report illegal suites as 20,000 apply for rent supplement - Abbotsford News The supplement can provide up to $500 per month

Deferring may not be the best option for owners of rental properties. Please reach out to your mortgage specialist to explore alternative options.

Deferring your mortgage because of coronavirus could cost you - Macleans.ca What you need to know about calculating additional interest costs and protecting your credit score

NEW BLOG: Small Landlords Cannot Be Forgotten During This Crisis https://landlordbc.ca/small-landlords-cannot-be-forgotten-during-this-crisis/

Filing deadlines have been extended

Government extends tax deadline to June 1 amidst COVID-19 outbreak The Quebec government also announced it will be delaying its provincial tax deadlines

Due to the Covid-19 pandemic Ace Agencies is taking precautions to protect you and our staff. Going forward please apply online on our website prior to viewing the property.

Once we receive your application We will then reach back out to you to book your showing.

By limiting the number of applicants at our showings we can greatly reduce the risk of exposure to both yourselves and us. So until further notice we shall no longer be conducting open houses.

We get clients call us all the time telling us how they haven't received rent, sometimes for multiple months, and if we can handle their eviction for them. The first question I always ask my clients is "did you serve any 10 day notices?". Unfortunately alot of the times they haven't. This is the most important notice to hand your tenant within the first week of them not paying rent (Form RTB-30). Along with this a proof of service which also needs to be filled out and signed, this provides proof of how you served the 10 day to your tenants, you need all this info when your file goes to arbitration. Don't delay this process, we see too frequently owners lose months of rent due to lack of paperwork and delayed response to not receiving rent. Call our office is you require any other help 604-853-2718 ext 104

Thank you so much for joining our page, going forward you'll see all our listings, videos and podcasts here. We'll keep you up to date with rental law updates and how you can protect yourself as landlords! If you have any questions in the meantime please don't hesitate to reach out!