Archive for the ‘edmonton landlords’ Category

A Long Term Successful Alberta Landlord Gives Advice

Saturday, August 1st, 2020

A Landlord Who Has Owned Rentals Since the 1980’s Speaks Out

Thank you ALA for agreeing to post my message “edit free” so I can talk “real talk” about my experiences as a long term landlord/investor who is now a millionaire thanks to owning residential rentals.

Time Are Super Tough Now…But They Were Even Worse Before

Just about all of us are dealing with non-payers or vacancies and it looks like being a small private landlord is a hopeless investment.

It’s not. You can succeed and make a lot of money.

As some who bought his first rental property in 1981 I’ve seen it all.

Our province is the golden land and the problem is the federal government often makes some poor polices which hurt our economy.

And we rely on oil prices and access to sell our product.

Bad Times Can Change To Good Times Fast

Keep confident because it’s always a cycle.

We get low oil prices and a bad government and it hurts us…but then we get a pro-Alberta government and high oil prices and it’s like 2014 when landlords could charge applicants $50 just to see our rentals!

Hold On And Good Times Always Come, You Lose If You Don’t Hold On.

Like I said, our economy is cyclical. We are up and down due to who is running the country and oil prices.

Things could be improving soon and then your rental industry will boom!

Remember it wasn’t so long ago Calgary Mayor Nenshi was blaming us for high rents when there was a huge migration of people to come to work in our province.

Become An Expert Landlord To Hold On During Bad Times, And Thrive During The Good Times.

The up cycle is on the way. Landlords will see our property prices appreciate and a huge influx of people into our province for jobs.

Stay Positive

It’s always like this. We have an up and down economy and things are soon going to get better.

How To Succeed?

(1) Market Your Properties The Right Way

Remember, when good tenants have lots of choices you can stand out with the prettiest property and  consider a lower rent for the first years.

(2) Always Run Credit and Criminal Checks

The ALA offers huge discounts so you can make sure you know you are renting from a good tenant…and not a pro who has ripped people off before.

(3) Get Help From Successful Alberta Landlords To Fix Problems

Join our forum to get help and advice. Don’t listen to the media, don’t listen to the government…learn from people like me who have been in this industry for decades.

I’ve been through it all, all the ups and downs. The most successful landlords know we have a cyclical economy and when times are tough you just ‘get through it’ and carefully screen tenants.

When times are good you raise rents to build a nest egg (and you might even sell some of your rentals at the top of the market!)

Discuss this at the Alberta Landlords Forum

It’s Important To Pay Your Rent To Your Small Landlord

Saturday, April 18th, 2020

My name is Laura and I post under my name on the Alberta Landlords Forum. I’ve been active there for years to try to help other tenants and give some of my advice to help small landlords too.

These are crazy times for everyone.

And while tenants are suffering it’s also important to know your landlord might be suffering too. This pandemic is hurting everyone.

We Need To Stick Together

I used to own a house and we rented our basement out years ago and it really helped us cover our mortgage. When my husband died my children were grown so I decided to sell the house and rent.

Renting has a lot of advantages.

I don’t have to worry about any maintenance issues and my landlady has a service to cut the lawn and plow the snow.  My landlord cover my utilities so she can get just one payment each month to keep things uncomplicated.

My landlady is a teacher and her husband has his own contracting company and they are terrific.

“Are You Going To Pay The Rent?”

When all this chaos started in March and the government said ‘tenants don’t have to pay rent” my landlady called me and asked me if I was going to pay the rent.

I told her “of course I will”. She was thankful and said if I needed a break just call her.

My Landlady Is Professional and Kind, And I Make Paying Rent A Priority

I’m in a pretty good situation where I don’t need to worry about buying food and my children are adults now.  I know others might not be as safe as I am.

I’m going to pay the rent not only because it’s the right thing to do, but because I want to keep my excellent relationship with my landlady and know that if I don’t pay rent it could hurt her financially (and even lead to her selling this place).

Pay You Rent And If You Can’t Call Your Landlord

My landlady isn’t some big global corporation. She and her family invested and thanks to them I have a great place to stay at a great price.

Rent Strike Hits Small Landlords, Not The Corporate Landlords

-Not paying rent will just get rid of the small nice landlords who care about you.

-Not paying rent will not impact the big heartless corporations.

-The whole “rent strike” people are likely corporate landlords who want to get rid of small landlords who are their competition.  At least that’s what I think.

Stay Home and Stay Safe!

I’m so happy to have a great rental with a great landlady. I feel safe and don’t ever want to move.

With Love And Wishing Everyone Stays Safe,

Laura

 

Alberta Landlord PROTECTION MEMBERSHIP Is Now Available!

Tuesday, March 5th, 2019

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With The Challenges Alberta Landlords Are Facing These Days We Have Created A New Level Of Membership

Become A Success Member And Get Tools and Services To Help You Succeed All For A One-Time Fee

Several recent posts in the Alberta Landlords Private Member Forum have shocked landlords and made it clear that we face major challenges these days.

Landlords are facing big problems from midnight move-outs to tenants smoking marijuana in our units to bias against landlords at the Residential Tenancy Dispute Resolution Service.

It wasn’t long ago that we had a low vacancy rate, huge net migration into our province and lots of great tenants to choose from. It also wasn’t that long ago the the Mayor of Calgary accused us of “gouging tenants” (and  ALA members had to explain we were only protecting our rental businesses at that time.)

Lease Breaking, Midnight Move-Outs And Big Damages Left Behind

In the Alberta Private Member Forum a Calgary landlord asked for help dealing with renter who gave the impression of being decent and reasonable when she moved in. 

A few months later rent wasn’t paid and the landlord eventually found she had moved out and broke the lease. Not only that, but the property was damaged and a mess that would cost at least $10,000 to repair and get back to tip-top shape for re-renting.

Residential Tenancy Dispute Resolution Service Isn’t Fair and Protects Bad Renters.

Another landlord based in Edmonton wrote about his experience at the Residential Tenancy Dispute Resolution Service (RTDRS). He thought it was fair and filed after his tenants didn’t pay rent and broke a fixed term lease.

He was very careful and it was clear the tenant broke the rules and the landlord expected justice. Instead he found the whole system was in favour of the tenant and they treated him like dirt.

In fact, we have had many landlords say the same thing: the RTDRS has changed and is not fair. One landlord called the RTDRS the “Bad Renter Protection Machine” and “Not a Fair System!”

Lots of Great Renters Out There, But We Need To Be Super Careful!

Landlords across the province know there are a lot of great renters out there. These are people who pay the rent on time and respect you and the rental property. They follow the rules and treat the rental like it’s their own home. When you rent to these types of tenants being a landlord is a nice and often profitable experience.

We also know that good economic times will come again so it’s vital we get through these more challenging times.

Alberta Landlord PROTECTION MEMBERSHIP

protection member large flashing

In these troubling times our ALA team put our heads together to find the best way we could help our Alberta landlord community. We’re all landlords too and we know what is needed and know we are all on a tight budget.

With all these new challenges our Alberta landlord team has come up with PROTECTION Membership to help landlords succeed. 

For only an affordable one-time registration fee (no yearly fee) Alberta landlords get access to a ton of amazing tools and services that can’t be beat!

Rental Kit Library

Get all the documents you need to succeed via your own online library you can access 24/7.

Access to the Forums, Including the Private Members Forum (for verified landlords only)

Network with experienced and successful Alberta landlords and property manager to you and your rental business succeed. Only verified landlords get access to our private members forum. This means you are networking and getting help from others who ‘have skin in the game’ like you do!

Discounted Credit Checks

Get huge discounts on credit checks. We have partnered with the industry leader RENT CHECK. Unlike some other credit check companies, RENT CHECK Equfaix credit checks will protect you from potential privacy rights and human rights complaints. With over 40 years in the industry RENT CHECK is the best credit check company for landlords. 

Tenant Friendly Credit Checks (With RISK SCORES from Transunion)

These are credit checks where the tenants don’t have to give you any of their personal information. Instead it all goes to TRITON who then provides it to you. It makes tenant applicants feel safe and it’s every easy to get them to pay for the credit check (and save you money!)

Criminal Checks

Times are changing and many experienced and successful Alberta landlords are making that ‘last criminal check’ on an applicant they want to rent to. And now as member you get a HUGE discount to make sure you ad your property are protected.

Insurance

Get Access to one of the est rental insurance packages in Canada. Also covers student rentals. You also get a big discount as a member

Property Management Software

Get a discount on premium property management software to help you get control of your rental business.

Become a Landlord PROTECTION MEMBER and get the tools and services you need need to succeed! All for a low one-time fee that helps us cover our costs…that’s right ONE TIME FEE!

Amazing Alberta Landlords & Terrific Tenants Working Together To Improve Our Rental Community

Friday, January 5th, 2018

Alberta landlords alberta tenants working together

We Invite Good Alberta Tenants To Cooperate With Us To Help Both Tenants and Landlords Succeed in 2018!

There are a lot of amazing landlords in Alberta. We’re not talking about all the big huge corporate rentals run by faceless corporations. We’re talking about small family landlords. People who rent their basement out. Or have an investment property or two (sometimes three or four due to their savings and hard work!)

Small landlords are terrific to rent from (much better than the average corporate building!)

Many of us have been renters in the past and know how important it is to find a nice place to live, work, and raise a family while you save up for your own down-payment to buy a place. This is why many of us have such a hard time dealing with renters who rip us off.

Good landlords are looking for good tenants

Experienced and successful Alberta landlords know it’s important to find good tenants.  And we will take of you. When you need something fixed, we fix it. When you need someone to talk to about the property, we’re all ears. And we don’t expect much in return: just pay the rent and be considerate of us and the property we you are borrowing from us for a specific period of time.

And Edmonton landlord wrote to us early this year:

“My renters moved in last February and let me know over the holiday they want to sign for another one year fixed term lease. When I went over there to re-sign I also asked them if everything needed to be changed and after some ums and ahs the lady mentioned the toilet was old and easily clogged. I told them as part of the new lease signing I would change the toilet to one of those modern, high efficiency ones. She was happy and it really can be great being a landlord!”

A Calgary landlord wrote in our ALA forum:

With the economy tough for us it’s also tough for tenants who don’t have all the high paying jobs available like before. Landlords need to make sure it’s a win-win situation for both us and our tenants.

We Want Good Alberta Tenants To Cooperate With Us For A Win-Win Situation

Let’s be realistic. Good landlords are looking to rent to good tenants and good tenants want to rent from good landlords. So let’s work together. We are inviting good Alberta tenants to join us in the following capacities:

1. Share Your Stories and Opinions With Us

By sharing your experiences and ideas you can help other tenants, landlords and educate people and play a role in improving the Alberta rental industry.

2. Become A Tenant Community Leader for the Alberta Tenant Forum

We are looking for 10 experienced Alberta tenants to help run our Tenant forum and make it as helpful as possible for other Alberta tenants to learn from.  As Tenant Community Leader who will be able to invite other verified tenants to join our forum to help educate the community.

3. Provide Us With Your Ideas for Policy Changes

Do you think some things need to change? Share your policy ideas with us.

Alberta Landlords and Tenants in our Alberta Rental Community

Let’s work together in 2018 for our mutual success. Let’s improve the rental industry and play a role in forming new policies. We invite tenants to join our community. If you are interested please email us at tenantexperiences@groupmail.com by January 12, 2018. Make sure you let us know about you and your renting experience and how you want to help (please note only those accepted with receive a reply).

Update on January 15, 2018

Thank you for the overwhelming response of Tenants across Alberta! We now have filled the available positions for Alberta Tenant Community leaders. Keep watching for our next recruitment drive!