How to be Good Landlords and have Happy Tenants


Yesterday I was speaking to a friend in Kelowna who has 3 rental properties and was complaining about his tenants on how everything gets destroyed and that he is constantly doing repairs. Having about 6 years of experience ourselves, we have never really run into those situations and I was able to share our “secrets” with him. One of the things we do, is to list the rent just below market value. This will create more interest and will allow you to interview and pick and choose the tenant that you prefer. Getting $100 less every month is better than…

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Great Tips for Before You Move In To Your New Home


Moving into a new home is a life experience that few people describe as "fun." But with our tips of things to do before you move in, you'll be ready when the furniture arrives. The move can totally consume you for a long time: planning, packing, moving, cleaning. When you arrive in your new home, you're faced with even more challenges. It may seem a small thing to decide where to put the best china or everyday dishes, but after all the work moving out of the old home, the last thing you need is another big decision or another…

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Where are the buyers coming from?


Okanagan Mainline Real Estate Board has recently released their statistics for June and they also have released the results from their survey indicating where the buyers are from.  Take a look! Property Type: 29.3% of purchases were by Move-Up Buyers 22.8% by First Time Buyers 16.8% moving from Single Family Home to Strata Unit 7.6% purchasing Recreation Property 6.0% buying Revenue/Investment Property 5.4% moving from Strata property to Single Family Home 4.3% moving into Retirement Home/Seniors Community Buyer Type (Family Dynamic): 31.8% Two parent family/children 20.8% Couple without children 16.7% Empty Nesters/Retired 13.5% Single Female 13.0% Single Male 4.2% Single…

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Spring 2012 CMHC Kelowna Housing Market Outlook


CMHC just released their latest housing market outlook for spring 2012 in Kelowna. Highlights: Stronger employment growth coupled with favourable interest rates will support demand for housing in Kelowna in 2012 and 2013 MLS home sales are expected to increase 8% this year and 14% in 2012.  Buyers will continue to benefit from an ample supply of listings and strong price competition among sellers. Existing home prices are forecast to be stable in 2012. Expect prices to edge higher, increasing 2% in 2013 as demand improves and the supply of listings is drawn down. Kelowna are housing starts are forecast at 820 house in…

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