Liability claims, hotel fees, and the cost of replacing your belongings in instance of theft or fire are very important items that a tenant’s insurance policy will cover. Many tenants do not realize that their landlord’s insurance policy does not cover their persons from these instances occurring.
The Insurance Bureau of Canada states that about half of Canadian renters do not have proper insurance coverage.
In this unprecendented and worrisome time we feel very grateful to live in a country and province that has the ability to support its citizens. Our South Okanagan residents in Osoyoos and Oliver, British Columbia can be rest assured we will provide you with timely information on all assistance programs as they are made available by government issuing bodies.
There are three programs available to assist you if your employment has been affected due to COVID-19.
Below you will find information and links to each program which detail eligibility and application instructions:
Owning just one rental property can have a myriad of benefits for a landlord both short and long-term.
We all wish for passive income and multiple income streams. By hiring a great property manager to manage your investment your income will become even more passive and hassle-free for years to come.
1. Familiarity with local markets: a property manager is usually based in the area they are servicing. They then have a direct pulse on the communities fair market rental rates, community bylaws and zoning and issues to be wary of. South Okanagan Rentals Property Management (SORPM) is local and our property managers and staff live in the South Okanagan; Osoyoos and Oliver.
BCSM is a reliable, timely and overall effective management team. From the outset of finding a tenant, to collecting and depositing the rent, to coordinating repairs, they are efficient and responsible. They are the liason between the tenant and absentee landlord. When a problem arises, such as a leak or problem furnace, they advise you with a suggested solution and price. Fabulous service for both tenants and landlords.
My thanks Ashley.
Anne Macnab