Vancouver Luxury Realty, the exclusive provider of high-end accommodations in Vancouver signed a 3 year contract with VLR to provide tenant verification solutions to the brokerage. Tenant verification is a major issue in Property Management business of any Property Management firm and the system is expected to bring paper-less era to the industry. With features like online tenancy application forms and electronic lease signing, Trusted Tenant is world’s most advanced tenant verification and management system.
When is the best time to rent a house in Vancouver? Well this could be a tricky question as in many cases we are busy when it should be dead and slow down when previously we experienced a house hunting madness. Generally there are several seasons which see an increase in a rental demand.
Back to school is always the busiest season for us. August and September is when families are trying to choose the best house and best neighborhood to live in. Generally residential areas such as West Vancouver and Kitsilano with its many private schools are very popular.
Other family-friendly areas include North Vancouver where its houses have great views, Burnaby which is so close to Simon Fraser University, Point Grey which is close to University of British Columbia, and plenty of elementary and middle schools. Rental housing in those areas is surprisingly rich with average $3,000-$5,000 homes leading the pack. Dunbar and Mackenzie Heights are equally student-friendly neighborhoods.
Other times when the housing market can get busy are late winter and early spring when those who contemplated a move postponed it due to holidays. Since January is a catch up month for many families, February and March are move months. Finding the right property management company in Vancouver can be very difficult and Vancouver Luxury Realty is always there for you for all your rental needs. Please give us a call!
The nicest part of Vancouver is unquestionably Yaletown. Its not because I live there and because the most beautiful people frequent the many restaurants and boutiques along one way streets built on top of old railroad tracks. its because Yaletown has the most unique and beautiful heritage building conversions I have ever seen
Although Yaletown is a fairly new area of Vancouver, much younger than the equally trendy Gastown, It is more of a livable space- far enough from the forsaken east side downtown and close enough to the parks and the seawall. The many shops and restaurants and even high-end grocery stores ensure that the standard of living here is unsurpassed.
Sea wall and the proximity of many green spaces and even tennis and basketball courts make this area even more attractive to families but also to singles. Transportation to DT bars is readily available through the Millenium Line which has a metro-style stop just underneath Davie Street.
Every time there is a stall in the real estate market, rentals are the branch of the business that benefits the most. There are many reasons this happens.
1. The need for income. A property can not sit on the market forever as mortgage payments do not pause. A positive cash flow is essential to real estate owner- especially in Vancouver where the majority of properties are investment properties.This is why hiring a property manager who knows the market well is so important to have the property rent fast.
2. Construction and Renovating. When new owners decide to build or renovate, they can’t live at the property. Rentals are almost always booked for 3-9 months. Some constructions start in early spring or even late winter with hopes of concluding in lat fall or just for the Holidays.
3. Frozen Pipes. Although December can be cold, the real “winter” in Vancouver does not come until January and February. Frozen pipes, floods and sometimes fires account for a significant portion of rentals in Vancouver during the winter months.