P406, One-level suite – is it right for you?

One-level suite - Is it right for you? Now days it is getting more and more popular to divide one house into up/down rental suites. Here is the good reason why: It provides a sweet spot for the savvy home hunters who love to enjoy the benefits of living in a house while saving big on living expenses. This post will explain the pros and cons to live in the one-level suite, plus a checklist to decide if the one-level suite living is right for you…

0 Comments

P405, I can’t reset the breaker…

P405, I can't reset the breaker A few weeks ago, one tenant called that he couldn't reset the breaker. It kept tripped off and to make things worse, the fridge is on the same circuit. He was worried about the food would go bad soon, if it were not be fixed...", In this post, I will share with you how we followed up and resolved the issue and what are the 4 things we learned from this experience: 01). Be aware of "one side story" 02). Channel the…

0 Comments

P404, When my fridge stops working…

What if the fridge quits working... One question has been asked quite often is “what is going to happen if our fridge stops working?”Below is our guideline based on the principle of “We care/share as if it is our home together”. It is a common-sense approach that is quite similar to the case when we have a fridge broken in our own home, with a few specific notes that apply to renting-situation. Common sense approach Imagine what would happen if our own home fridge broke down…

0 Comments

Instead of sublet, do this…

P403, Instead of sublet, do this... In this post, I would like to share with you a true story happened recently. It touches the topic of sublet. Via this story, I will explore the following01). Why sublet is to be avoided02). What is a better alternative03). Lesson learned from this case.Let's get right into it.  The story Back to May 2020, a young couple in their late 20s applied a townhouse from us. They are both engineers, witty, polite, with excellent income, great credits, fantastic references…

0 Comments

A small piece, a huge price….

A small piece - a huge price... In this article - I will share with you the lessons we learned via a mistake that costed us 1-month of wasted time after numerous showings with no result, and the rent loss of $1145.00. In addition, you will also learn how it only took 5 minutes and $0.01 to fix this "small yet expensive"problem, once we figured out the root cause.  The story went like this.... After the previous tenants moved out, we went in this 2-bedroom condo,…

0 Comments

P401, Swollen Garden Hose Outside Valve

401, Swollen Garden Hose Outside Valve - Garden hose outside vavle 101 In this post, I will explain how can a garden hose swollen, the damage it caused and how to prevent it from happening; In addition, I will also share the basic of garden hose outside valve, as well as two common issues and how to fix them quick and with low cost, as well as the so called "5 second rule" for winterization. Let's go!  What has triggered this post? It happened in my…

0 Comments

P021, Why do I receive the lease renew 60 days earlier?

Why do I receive the lease renew 60 days earlier? "Why do I receive the lease renew letter, while the current lease ending date is still around 60 days away?" Fair question. There are 3 main reasons why: One, in the current lease, it says 60-days written notice shall be given if either side like to renew it, after the current lease expires. It is one of our best practices to send the renew letter to the so-called "preferred residents" 60-days prior so that you may…

0 Comments

P014, Here is what to be shared with the rental receipts…

A few notes on the receipts Quite often, some residents in our Culfidant community naturally ask for the receipts each time when the rents are being paid every month. This is totally normal and yet here is the common practice we do in our community in terms of rental receipts During the beginning stage when a prospect applies and is being approved for the rental lease agreement, our office shall issue receipts for any transaction that involves money exchange (for example, initial deposit, security deposit, and…

0 Comments

How to set the rents right

How to set the rents right What is the right rents to be set for a residential rental property? There are many ways to do it. In this article, I will share what are the common ways to set rents that might limit the true potential of your investment, what are the best way based on the sound principles and years of practice, and how to do it step by step. Firstly, below are the most common ways to set up the rents by manyPick a number…

0 Comments

Case Study – How Garage door repair job went bad

Case study - How "a garage door repair job went bad... What have been learned from it Brief backgroundThe garage door came with the original house (built in Year 2002?). Was being hit once by a drunk old handy-man, not in best shape. The tenant's father did fix a few months ago The lady (tenant) called in May 2020, was not working again Quick note: the lady has habits of over-exaggerating/being dramaticThe time consequences and key notesIssued the work order to Mark door works on May 14. Received note from Mark…

0 Comments

End of content

No more pages to load

Close Menu