We all know that having a suite in your home is an excellent way to help build equity very quickly. For example, a suite renting for $900 per month can pay the equivalent of nearly $200,000 worth of mortgage.
But, as a landlord you also take on a significant responsibility. In BC, tenants have a lot of rights and once they are in, they can be very hard to get out - even if they don't pay the rent.
Click here for a very scary story about a landlord with a terrible tenant!
We recommend that all landlords become members of ROMS, The Rental Owners & Managers Society of BC. ROMS can help you learn your rights and responsibilities, and can help you get the right tenant. It is inexpensive, and definitely worth every penny.
Click here to visit ROMS website to learn more.
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