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Lethbridge Landlords: Success in 2014

· No Comments · 2014, Lethbridge Landlords

 Lethbridge landlords 2014

It’s already 2014.

We hope all our readers had a terrific holiday and you are enjoying the start of the new year.

We will continue to try to help you and your rental business succeed by posting advice, tips and news for Lethbridge landlords.

We’ll talk about some of the good things.

For example, Alberta has the lowest vacancy rate in Canada to start the new year.

There are also some topics that those in the rental industry are interested in.

These topics include a new debate over how we can charge damage deposits.

Are You Going To Raise the Rent in 2014?

Some new landlords have emailed us asking how much they can raise the rent this year.

They must have heard news about rent control in other provinces on the news.

For example, British Columbia landlords can only raise the rent by 2.2 percent.

It’s even lower in Ontario where landlords can only raise the rent by 0.8 percent.

Yes, less than 1 percent. It has a lot of landlord there upset such as these Ottawa landlords.

What About Alberta?

In Alberta we are allowed to raise the rent by as much as the market will bear.

Of course, we have to follow the legal procedures.

This includes only raising the rent one timer per year and giving your tenants at least ninety days notice of the start of the rent increase.

To read the rules here is a very helpful site for you.

Tenant Screening

Remember to make 2014 the year when you screen your tenants carefully.

There are a lot of good tenants out there.

And there are some people who view you, the landlord, as something to abuse for free rent.

Unfortunately, we saw a lot of bad tenant stories last year.

Don’t let you and your rental property be a news story in 2014.

Tenant Credit Checks and Tenant Criminal Checks

The Alberta Landlords Association offers their members terrific tenant screening services from Equifax and GARDA.

For a low fee you are able to make sure you give the key to a tenant with a sound financial background (and without a criminal past)

Make 2014 Your Most Successful Year Yet!

Whether you are a new landlord or a seasoned vet of the rental industry make tenant screening your new years’ resolution and have your most successful year ever.

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