GODDYN MORTGAGES - May 2017 Edition #21

Ashley Goddyn - Broker + Strategist

ashley@goddynmortgages.com
604.657.0936
http://GoddynMortgages.com

Ashley - Facebook Ashley - Instagram Ashley - Linkedin

Foreclosures

 

May Abbotsford Attached
May Abbotsford Detached
May Burnaby Attached
May Burnaby Detached
May Chilliwack Attached
May Chilliwack Detached
May Coquitlam Attached
May Langley Attached
May Langley Detached
May Mission Attached
May Mission Detached
May New Westminster Attached
May North Vancouver Detached
May Port Coquitlam Detached
May Richmond Attached
May Richmond Detached
May Surrey Attached
May Surrey Detached
May Vancouver Attached
May Vancouver Detached
May West Vancouver Detached

Above is a list of foreclosures in the Lower Mainland.There are some great deals to be had for either your own home or as a rental property. 

Check them out at the links above.



Every Wonder What it Takes To Build Your Own Home? 72 Video Series Explains it.

 

How To Build A House: Getting Started Ep 1
How To Build A House: Finding a Lot Ep 2
How to Build a House: What to Build Ep 3
How To Build A House: Architect Ep 4
How To Build A House: Building Permit Preparation Ep 5
How To Build A House: Surveyor Ep 6
How To Build A House: Lumber Company Ep 7
How To Build A House: Sub-Contractors Ep 8
How To Build A House: Window Company Ep 9
How To Build A House: Framer Ep 10

I have a bunch of clients that are doing this at the moment.  Even though I know the financing, I'm not literate when it comes to the entire process.

Then I had a genius idea......youtube.

Above videos are excellent for an introduction.  

In total there are 72 videos.  
Click for full video series.



10 Tips Learned From Screening hundreds of Prospective Tenants

 

Screening tenants is probably one of the most important topics for buy and hold investors who self-manage their portfolios. It really does not matter if you have 5 or 50 units. Screening tenants and choosing the best qualified tenants from the beginning is critically important to the long term success of your rental units and portfolio.

Personally owning close to 200 units and going through hundreds of tenants from all walks of life has taught me tons of hard lessons on tweaking our tenant screening process. Being a landlord, if you don't learn this business, you just can't stay in this business. It is not fun when your tenant is teaching you the Landlord & Tenant rules.

Here are the top 10 tips that I have come up with to systemize your tenant screening process.

1. Have a strong and detailed rental application.

2. Call previous and current landlords. (Previous landlords are better)

3. Call to verify employment

4. Use a third party screening system that runs credit and crimninal checks. Check out  https://www.tenantverification.ca/

5. Once you accept a tenant, get the deposit or last month's rent immediately

6. Get emergency contact info on the Application

7. Have a written rental standard form to avoid any discrimination issues if it arises

8. If no previous landlord, ask for three references

9. Have a scoring system based on written rental standards

10. Call the new tenant a week after move-in to check in with them



I'm an Auntie!

 

My baby nephew arrived April 11th! And cutest as can be!

I'm thrilled to be an auntie but most importantly to a boy that I don't have.

Best of both worlds!



Landlord group wants stricter limits on where Canadians can grow marijuana

 

Under our Liberal governments new Cannabis Act, which was introduced in the House of Commons two weeks ago, people over the age of 18 will be able to grow as many as four marijuana plants in their homes, as long as the plants aren't taller than 100 centimeters.

As a landlord, this raises a lot of concern regarding the safety and Insurability of the building. The major insurance companies will refuse to insure the building and even if they do, there will definitely be added surcharges for the owners. How about the health and safety concerns especially in multi-family buildings? Some of the issues that is of concern are:

1. Mould problems

2. Strain on electrical systems

3. Increased fire hazards

4. Odours from plants getting into other people's units

There has been no discussions on the side effects of this rushed legislation. Once again, the interests of the landlords has been turfed aside for a push on an Act that could be detrimental to the business.

Read rest of the story here as reported by CBC.



No Headboard, No Problem: 10 Alternative Bedroom Decorating Ideas

 

When you're decorating your bedroom, it just comes naturally to add a headboard to your wish list, right? Why not explore what your room could look like without a headboard? Whether you're renting, on a budget, or just want something a little less conventional, you can pass on the headboard purchase and try one of these ten stylish ideas instead.

Check them out here..



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