Archive for the ‘Alberta Residential Landlords Association’ 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

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Monday, June 1st, 2020

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Alberta Landlords Need To Be Able To Evict Non-Paying Tenants

Monday, May 11th, 2020

Landlords Across Alberta Need The Legal System Up & Running

Small landlords are different than big REIT corporate landlords. Many of us used to rent ourselves, or we have friends and family members who rent.

We are understanding and helpful. We are patient and kind to our tenants. We want to work things out for a win-win situation. We aren’t afraid of posts on this site to help tenants.

We also need rent to be paid on time in order to survive!

Small landlords don’t have economies of scale, don’t have huge cash reserves, and many need rent paid each month just to cover our costs.

A large number of tenants are co-operating with their landlords and deferring rent or creating payment plans.

However, many tenants are not paying rent or even a portion of rent.

Many tenants even with the means to pay are simply saying “No.”

They know they cannot be evicted and are ‘gaming’ the system by not paying when they can.

In our internal polling over 60% of tenants did not pay rent on May 1st.

WE NEED RENT TO BE PAID OR NON-PAYING TENANTS TO BE EVICTED!

We understand many tenants are facing financial difficulties. But do not put their financial problems on the backs of small residential landlords who are also suffering.

If you think this is cruel then government can just give the tenants a grant or a loan, instead of putting all the pressure on small landlords.

We need to open up the legal process and allow small landlords to evict non-paying renters.

Over 50% of our internal polling shows small landlords are going to sell if they cannot collect rent or evict non-paying tenants within the next couple of months.

This will hurt the entire rental stock of our province. Where is the long term planning by our government leaders…leaders who our members help get elected on their promise of “making Alberta open for business!” LOL!

The Alberta Landlords Association Will Get Your Voice Heard

We are sending your ideas and concerns directly to the Premier.

Please send us your support of “Landlords Must Be Able To Evict Non-Paying Tenants” to us at  evictnow@lobbyist.com

We Need To Be United and Together To Send A Strong Message!

We Need the Legal Process Working And To Be Able To Evict Non-Paying Tenants!