East Vancouver rental house – using term leases

  • 8 years ago
  • 1

You may have one of the nicer East Vancouver rental houses available in the area but if its vacant, its making you zero return on the dollar. Once again, it’s the little things that your local East Vancouver property management company does that makes the difference between you being a successful landlord versus you simply owning a rental property. The number one killer to your rental home profit bottom line is a bad tenant who damages your home, the second is vacancies. We have a tremendous record for renting out homes very expeditiously but sometimes the market is dry or its around the holiday season or for one reason or another 30 days notice is simply not enough time to find a suitable tenant. This is why Orca Realty works exclusively with term leases. Term leases allows us the flexibility to find out what the intention of the tenant is WELL before the expiration of the lease so it greatly minimizes the chance of a vacancy. As a landlord, the last thing in the world that you want is the tenant of your East Vancouver apartment for rent to give you 30 days notice on the last day of November. How many people want to be packing up their homes Christmas day! Your chance of a vacancy is MUCH lower if you either have several months notice to find a replacement renter or your experienced property manager structures the lease so it matures at a more opportune time. Another example of where many nickle and dimers lose out in the long run by not having a professional manage their Eastside rental home.

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