Pemberton Holmes Blog

Business Activities in Rental Units

Business Activities in Rental Units

As a landlord you would assume that the tenants you select for your residential property will use it for residential purposes. For instance, a manufacturing operation or large-scale sales business would probably be something that the landlord would not want to see in...

Property Abandonment: What are a Landlords options

Property Abandonment: What are a Landlords options

Naturally, this is a frustrating situation, not only have you lost rental income but now you have the burden of cleaning the unit, disposing of any belongings the tenant left behind and finding a new tenant to occupy the unit as soon as possible. Now there are a...

Tax deductions as a BC Landlord

Tax deductions as a BC Landlord

When you own a rental property, you are required to report all rental revenue on the Statement of Real Estate Rentals schedule on your personal tax return. However, you are also able to deduct a variety of landlord expenses from your gross rental revenue and then pay...

Condo insurance Crisis: What You Need to Know

Condo insurance Crisis: What You Need to Know

In the last few months, strata corporations have been seeing insurance rates increase substantially anywhere from 50% to 300%, and the deductibles to cover claims have also increased from $25,000 per claim to as high as $250,000 and higher. For strata properties, it means that if adequate insurance is not in place, one single owner could become bankrupt if a claim is made against them, and the rates for other owners in the strata may also increase substantially as a result. 

What to think about before becoming a Landlord

What to think about before becoming a Landlord

We’ve all been there — you meet someone who does a less-than-stellar job, and you think, “I could do this better than you.” If you’ve ever rented a home, it’s likely you’ve thought that once or twice about your own landlord. But is it really that simple? If you think...

Rental Scams are on the rise in BC

Rental Scams are on the rise in BC

Anyone looking for either a short or long-term rental in BC is being warned due to the increase in scams. The Better Business Bureau of British Columbia issued a caution saying high demand and low vacancy rates create opportunities for fraudsters to capitalize on...

3 Ways a Commercial Space can help your Business

3 Ways a Commercial Space can help your Business

Running your own business is an exciting prospect. Sure, it can be hectic and even downright chaotic at times — but it’s yours. Whether it’s a passion project or a great business idea (better yet — both), everyone must start somewhere. That somewhere usually...

Move out Inspections- What landlords and tenants need to know

Move out Inspections- What landlords and tenants need to know

No matter how much fun you try to make it, moving out is a stressful experience. The purging. The packing. The U-Haul rental. The most important part, however, happens once the space is empty, and all the boxes have been removed.   This is a move-out inspection....

Pets or No Pets?

Pets or No Pets?

When it comes to your rental property, pets or no pets is the age-old question. Do you allow for pets in your rental home or not? If you check out your local listings, you’ll likely notice most homeowners have a strict no pet policy. There are several reasons people...

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