Posts Tagged ‘Calgary Real Estate’

Fall In Love with Calgary: 5 Reasons Why

Sunday, March 4th, 2018

The thing about Calgary is that once people come here for a short visit – they often end up extending their stay.

In fact, many never leave!

As a result, Calgary city continues to have a growing and thriving population.  Spend some time here and you tend to get hooked.  There are a thousand good reasons to fall in love with this place, and here are my “Top Five” list.

 

  1. Calgary young. – According to Statistic Canada’s 2016 census figures, Calgary city remains the most youthful metropolitan area in Canada. Young single professionals and young families continue to motor the city forward and the youthful energy is contagious – even if you are just young at heart.

 

  1. Jobs The oil and gas industries have endured a few rough years, but given the cyclical nature of these fields, the ongoing rebound in the unemployment rate is likely to continue for some time. More importantly, the energy industry is not the only sector of the economy offering employment opportunities in Calgary. The city hosts the home offices of leaders in manufacturing, health care, education, and business services.

 

  1. Mountain Vistas with an Urban Vibe – When you put down roots in Calgary, there is no need to choose between the love of nature and longing for an active urban lifestyle. In Calgary, we have it all. Towering ski slopes and some of the world’s most beautiful mountain lakes are only an hour away from world-class dining and international entertainment.  In the midst of an urban setting, we can boast of over 800 hectares of parks and nature preserves and the largest network of walking/biking trails in North America. In winter, many of the pathways are cleared within 24 hours of snowfall and the locals spend 12 months a year enjoying outdoor life.  Calgary offers residents and visitors the best of all worlds.

 

  1. Quality of LifeIn 2017, the prestigious international magazine, The Economist, chose Calgary as the 5th “Most Livable” city in the world for the fifth year in a row. 140 major cities are graded on topics such as stability, culture, environment, health care, infrastructure, and education and Calgary scored 96.6 out of a possible 100 points. The editors at The Economist are merely articulating what our city residents already know – Calgary is a great place to live, work, play, enjoy nature, and raise a family.

 

  1. The People – The people of Calgary are its greatest resource and the city has one of the most diverse populations in Canada. Friendly, generous, hard-working, energetic, creative, and tenacious are just a few of the adjectives that come to mind in describing our people.  Calgarians love to have fun.  What starts with Stampede in July continues throughout the year.  There’s always a music or cultural festival, block party, or get together to keep everyone entertained and support the strong sense of community that permeates our many neighbourhoods.

 

Wind me up and I could go on all day as to why I love Calgary.

When did you first fall in love with our city and what was it that pulled you in?

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Spotlight on Marda Loop

Sunday, February 18th, 2018

Perhaps as much as any neighbourhood in Calgary, Marda Loop epitomizes the urban lifestyle mixed with small town vibe that Calgary’s residents love.  It is the kind of place where people can live, work, relax, eat and drink without traveling more than a few blocks from home.

This popular area is situated in Calgary’s southwest quadrant between Crowchild Trail and 19th Street SW.  As a designated Business Revitalization Zone, Marda Loop is home to more than 130 boutiques, shops and restaurants.  Over the last decade, the area centered around 33rd and 34th Avenues SW has emerged as one of the city’s most popular outdoor shopping venues.

Once upon a time, Marda Loop was home to the Marda Theatre and served as the turnaround point for a heavily-trafficked streetcar line – hence, the name “Marda Loop.”   Both the theatre and streetcar line are long gone, but the name Marda Loop survives.    The neighbourhood has weathered economic ups and downs over the years, but keeps managing to reinvent itself and attract residents and business owners.  Recently, a heavy influx of young, high-income households has contributed to the area’s energetic and dynamic feel.  A wide range of condos, townhomes and infill construction attracts homebuyers and tenants to the surrounding communities of Altadore, River Park, South Calgary and Garrison Woods.  Each of these communities is represented by the Marda Loop Communities Association – an active force in Marda Loop life for nearly sixty years.

Most residents and business owners agree that walkability is a key component of Marda Loop’s emergence as one of Calgary’s trendiest neighbourhoods.  Locals treasure the ability to get almost everywhere they want to go on foot.  Foodies appreciate the array of dining options and window shoppers can wander for hours among the many boutique-style businesses populating the neighbourhood.  Each summer, the Business Revitalization Zone plays host to a popular street festival aptly named Marda Gras.  This family-friendly, New Orleans style party attracts more than 35,000 visitors.

A strong sense of history, numerous amenities and excellent walkability combine to attract visitors and locals to Marda Loop, but ultimately, it is the small-town feel within a big city landscape that is the area’s strongest selling point.  Spend some time walking the streets, enjoying café and pub life and in very short time, everyone will know your name.

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Calgary Real Estate Market: Secondary Suite Is The Modern Trend

Sunday, January 28th, 2018

Over the past few years, Calgary has witnessed an ongoing, and sometimes fierce, public debate on the topic of secondary suites in single-family homes.  The debate is fueled by a number of factors, including economic and lifestyle trends that are driving the increased demand for legal secondary suites in the existing Calgary real estate housing market.

At first glance, secondary suites seem like a throwback to a bygone era when the extended family housing model was commonplace, but there is nothing old-fashioned about the secondary suites built into contemporary construction.  These apartments have everything needed for independent living and offer a great way to enjoy all the benefits of an extended family lifestyle while preserving privacy at the same time.

Owning a home with a fashionable, legal secondary suite allows families to experience the luxury of accommodating young adults and elderly family members under the same roof.  Multiple generations can live together, learn from, and support one another while retaining the ability to retreat to their own private space.

The 2016 Statistics Canada Census data shows that 1 in 3 Canadians between the ages of 20 and 34 live with their parents.  This number has been on the rise since 2001.  Housing affordability is a driving force behind the trend.  Another reason is that in an increasingly competitive job market, young adults are pursuing multiple advanced degrees before striking out on their own.   A secondary suite offers parents and children the best of all worlds and the ability to keep your loved ones close, but not too close.

On the other end of the spectrum, secondary suites are an attractive option for older adults looking to “age in place.”  Comfortable, private apartments in the homes of their children allow seniors to age comfortably and gracefully while lending a hand with child care and other family duties.  Children can rest comfortably knowing their beloved parents are right downstairs should they require assistance.  The economic benefits of reduced living expenses are shared by all.

Even the closest of families can develop a conflict with one another at times.  People can become particularly sensitive when they feel they lack privacy and a sense of independence in their lives.  Secondary suites allow families to acknowledge valid issues while offering a solution.  Whether you are 21, 81, or somewhere in between, we all need privacy and quiet time in addition to the love, support, and companionship of extended families.  Secondary suites offer a perfect solution for Calgary housing challenges confronting modern families.

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Selling A House in Calgary : 5 Tips for Nervous Sellers

Sunday, January 14th, 2018

You have made the big decision to sell your home and you are overflowing with excitement and anticipation; may be feeling just a little bit nervous too. It does not really matter if it’s your first time letting go of a property or not, the cycle of self-doubt will kick in.

To help your home sell quickly and for top dollar;

Here are my “Top 5 Tips” for apprehensive sellers whether you are in Calgary city or other parts of the world; these guidelines do apply:

  1. Work with an Experienced Realtor

The easiest way to banish any possibility of seller’s remorse down the road is to work with an experienced professional who understands the local market.  Knowing that you are in good hands will calm your nerves and help you sleep at night.  You have made a serious decision to sell a very large asset.  Ensure a good outcome by working with an experienced Calgary Realtor ( if you live in the city )

  1. Price it Right

Homes that are overpriced end up languishing on the market and, in the end, often sell for less than they would have if they had been priced right in the beginning.  Timing is everything in real estate and an overpriced home can easily end up costing you time and money.  Work closely with your Realtor to set the correct price at the start.

  1. Understand the Market

The real estate market is a continuum in constant motion – sometimes leaning heavily toward a buyer’s or seller’s market and oftentimes, balancing somewhere in the middle. Your Realtor can help you understand the realities (good and bad) of the market and micro-market your property is in.  It is great to dream, but you also need your expectations to remain realistic on the road to realizing those dreams.

  1. Highlight Your Home’s Strengths

We know you love your home and will be leaving with some great memories.  The challenge in selling is to do everything possible to make sure buyers see what you see and fall in love with the property. You accomplish this by emphasizing your home’s best features – both in marketing and in the presentation.  If the house has great crown molding, don’t obscure it with heavy drapery.  A beautiful façade should not be covered with overgrown foliage.  Do everything possible to make sure the home’s finest qualities shine through.

  1. Keep Your Eye on the Prize

When you decided to sell your property, you had at least one goal in mind.  Perhaps it was to free up money to invest in another property, or maybe you just wanted to rid yourself of mortgage debt.   Many sellers simply think it’s for a change in their living situation.  Whatever your motivation for selling, keep that in mind throughout the sometimes-frustrating process of selling a home.

Follow these simple tips to avoid needless anxiety, stress, and aggravation after putting up a “For Sale” sign to your property.

 

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net. (more…)

Enjoy a Winter Blast in Calgary

Sunday, January 7th, 2018

Winter is a wonderful time to plan a visit to Calgary.  The locals here do not hide from Mother Nature’s fierce chill.  They embrace it and extract every bit of snow and ice related fun imaginable.  If snow and ice are not your thing, that’s OK too.  In Calgary, frigid temperatures are never an excuse to not explore the city.  With the world’s largest pedestrian skywalk system spanning more than 16 km, you can enjoy all that downtown Calgary has to offer while leaving your snow boots and parka at home.

Parks, Paths and Hiking

Many of the city’s parks offer year-round recreational opportunities.  The 580-km regional pathway system helps locals keep fit year-round and offers several wintertime fun runs, including the Hypothermic Half Marathon in February.  Many of the trails are kept clear of snow and ice for the enjoyment of walkers, runners and cycling enthusiasts.

Winter Sports

Don’t forget that Calgary sits at the base of the Canadian Rockies – home to world class facilities for skiers and snowboarders.  Some of the best runs in the world are within a few hours’ drive from the city at Banff, Canmore, Lake Louise and Nakiska Ski Resort, but you do not need to travel at all to participate in your favourite winter sports while in Calgary.  You can snowshoe, cross country ski, play hockey, ice skate, sled and even learn to luge at facilities throughout the city, including Canada Olympic Park, originally constructed for the 1988 Winter Olympics.

Festivals

Calgary is a festival goers dream – for visitors and locals alike.  It starts with the Stampede in the summer and continues for 12 months.  The frosty winter months offer plenty of opportunity for outdoor and indoor partying – everything from film and music festivals, food and wine tasting to avant garde theatre and motorcycle expos.  There is even an annual citywide Hot Chocolate Festival in which local eateries compete for the best hot chocolate recipes.  The proceeds of this event go to support Calgary’s Meals-on-Wheels program.

Calgary offers endless options for outdoor adventure and indoor exploration during the cold season.    Don’t let a little winter chill keep you from enjoying everything our city has to offer.  Take your pick and have a blast!

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Tips for Kickstarting your Christmas Spirit

Sunday, January 7th, 2018

With so much conflict and uncertainty in the world this year, it is not hard to understand how some people may be having trouble summoning the Christmas spirit.  If you find yourself cringing instead of smiling as the holidays draw near, here are a few tips for getting in the Christmas groove – Calgary style.

  1. Start with Music – Create your own Christmas playlist and blast that music until it rocks. Choose your favourite carols and artists – songs that remind you of your childhood or a time in your life when things seemed simple.
  2. Make a List and Check It Twice – To avoid getting overwhelmed by all you must do to prepare for the holiday, make a Christmas “To Do” list and take pride and delight in crossing items off once they are done. If you’re not careful, anxiety over workloads and tasks will keep you from enjoying time spent with friends and family. To avoid a meltdown, get organized and stay organized.
  3. Pay it Forward – If your financial situation permits, buy a gift or donate to a stranger or local family in need of Christmas cheer. If money is tight, take a few minutes to shovel snow from your elderly neighbour’s walkway.  You will be amazed at how far a simple act of kindness goes toward lifting your spirits.  Joy is truly found in giving.
  4. Set the Stage – Pull your Christmas boxes from storage and do a little decorating. Take the time to examine individual ornaments that hold treasured family memories and reminders of Christmases gone by.  Once the tree is up, kick back, put on your favourite Christmas movie and enjoy a steaming cup of hot chocolate or eggnog.
  5. Visit a Christmas Market – Instead of doing all your shopping on-line or at a mall, take a stroll through one of Calgary’s vibrant Christmas markets. Support the fine work of local craftspeople and artists and find something for everyone on your list.
  6. Ice Skate in a City Park – You may find magic in the air after lacing on your skates and taking a few turns around a rink in one of Calgary’s beautiful city parks. The crisp winter air and Christmas tunes playing over loudspeakers should lift your spirits.

Tinsel, garland, presents and twinkling lights are all just signs of the holiday season.  They are there to look pretty and help get you in the mood.  They are not, however, what Christmas is about.  Christmas is about rebirth and renewal, love and sharing.  Invest time giving of yourself this year and spending quality time with the ones you love.

The world outside may be frightful at times.  Instead of letting that fact get you down, use it as a reason to appreciate and connect with your family and friends, embrace your holiday traditions and make it a Christmas to remember.

Merry Christmas to all!

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

New Government Guidelines Mean Smaller Conventional Mortgages

Thursday, November 30th, 2017

RMS reset?

Sunday, May 21st, 2017

So, how are you getting along with RECA’s Residential Measurement Standards (RMS)?

It’s been nearly a year since RECA launched the new standards, so the ins and outs of applying it must be routine? You may not agree with every aspect of the RMS, but by now you should be able to present your listings compliantly and explain the rationale and principles to your clients and prospective clients.

All is good and we can move on to other pressing matters . . . right?

If you paused on your response, you’re likely our target audience for this article. The simple reality is that there will never be a measurement standard that pleases everyone—at least that was our experience in the decades that this was CREB®’s work.

From time to time, we would see the need to make some changes, but often it was because new housing products would evolve and we needed to make sure they were included in CREB®’s Measurement Guidelines. This is how different standards evolved over time for single-family and semi-detached product—and then we saw waves of new attached and multi-family structures that drew out even more approaches.

In the absence of any legislated standards, local real estate boards, the new construction industry and other municipalities inched down different paths.

Some time ago, we viewed registered size as a means to establish a consistent size of condominium properties and we know where that has ended up. Maybe the problem is that during all this time, we focused on the structure, rather than the space people use the dwelling to live in? Even NAR on realtor.com advises consumers that, “. . . a home’s square footage can be surprisingly subjective.”

If that’s the case, then maybe we have been too focused on using exact measurements, and perhaps a margin of error or tolerance should be built into the RMS?

It’s sometimes easy to forget that the CREB® measurement standard did not create a perfect world either, and we are not likely to go back to that world in any case. We now have a measurement standard that is principle-based and mandated, which is envied by some jurisdictions like Toronto.

My colleague from the Toronto Real Estate Board (TREB) has said from an Alberta stage that they would love to have a standard imposed by RECO (Real Estate Council of Ontario) because it would bring order to their chaotic approach.

Meanwhile, RECA has heard the concerns of the real estate community after the RMS launch and has since initiated a request for feedback last November. Over a three-month period, they invited you as industry professionals, as well as real estate boards, to provide input by February.

We hope many of our members took action and provided feedback on this subject, as we did here at CREB®. We continue to be very concerned with the impact of the RMS on CREB®’s MLS® System. I will not retrace all of that ground here, but we will not rest until we have a database that our members and Alberta consumers can rely upon as being fully accurate.

Our main message in our submission to RECA was the need for consultation, effective change management and a concerted lobby effort for the RMS to be adopted by all participants in the residential housing sector. We encouraged RECA to maintain the principle of providing a measurement standard that gives consumers and industry professional’s accurate and consistent property measurements.

Following the principled approach, we also advocated for a measurement standard that is simple and consistent with every type of home. You can read our submission by clicking here and keep in mind that in approving this document your board of directors is maintaining their focus on the big picture.

You will also see how we positioned AREA to play a key role in lobbying for the adoption of the RMS as the only standard of measurement in all aspects of residential housing in Alberta.

As RECA continues to consider making changes to the RMS, we are encouraged that they have embraced greater consultation and proactive change management practices. With a fresh approach, we hope a principle-based standard can meet the test of the common sense approach and that it can be readily determined by industry professionals.

Please take a close look at our submission. We are continually asked to provide input and feedback on your behalf in an endless number of ways. Obviously, when we speak on your behalf, we try to respond in a way that reflects the wishes and objectives of the majority of our members. In the case of the RMS, that is a lofty goal and the additional complication is that by suggesting something new and radical in moving to a fully interior living space approach (paint to paint), thinking outside the box comes with risk, something we have been proud of our directors for taking on judiciously.

Our document may not be popular with some of you, but it does achieve the goals of database integrity and promoting member’s interests by steering the thought process toward a principled approach to landing a measurement standard that is consistent and simple to explain, and provides the opportunity for consumers and REALTORS® to genuinely compare all product types equally.

We invite you to share your thoughts here, or you can come to our Town Hall meeting at CREB® on May 31 at 2 p.m. Among other things, we will update you on the work of the Presidential Task Force—the group of your peers that have been taking a fresh look at RECA’s current enforcement of the RMS, while also making recommendations regarding CREB®’s ability to protect the data integrity of the MLS® System.

Moving this conversation further into the realm of principle may not be an easy route, but what if there is a better way to represent the size of a home? Your board of directors is always thinking strategically and have considered the possibility that REALTORS® leading the way toward a measurement standard that resonates with consumers is the ultimate act of advocacy.

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

 

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Discover Victoria By Bicycle

Wednesday, May 3rd, 2017

Victoria, the capital city of British Columbia, is famous for its thriving real estate market, magnificent scenery and stately Victoria architecture. The city and the surrounding landscapes present a feast for the eyes and memorable vistas that are best enjoyed on a bicycle. Blessed with mild winters and humidity-free summers, the biking trails in and around Victoria beckon riders of all ages, fitness and skill levels. The city can boast of more cyclists per capita than any other Canadian city and a ride along one of Victoria’s well-travelled bike routes is a great way to acquaint yourself with this southernmost major city in western Canada.

When it comes to cycling in Victoria, the options are infinite. Here is a newcomer’s guide to just a few of the city’s more popular trails:

The Galloping Goose – This relatively flat, 55-km trail is the perfect choice for families and casual cyclists. The trail starts in a busy section of town and then meanders through farmland and evergreen forests to an old abandoned mining town. Built on a former railroad, the terrain for the most part is flat with a few easily managed hills.

Hartland Bike Park – Serious riders in search of a challenge head to Hartland Bike Park – about 20 minutes from downtown Victoria. This woodland paradise offers options for all experience levels, but is used primarily by intermediate and advanced cyclists. Don’t forget a trail map if you visit Hartland since the complex network of trails can be confusing.

The Seaside Touring Route – This popular route, specifically designed for visitors, takes the rider by many of the city’s noteworthy attractions. This route has it all! Look one way and you will be treated to a surreal view of the mighty Olympic Mountains. Look the other way and breathe in the deep blue Pacific Ocean. The 39-km route can be modified to virtually any length with water views most of the way. Don’t forget to wave to the resident seals at Oak Bay Marina.

Given the abundance of bike trails and natural beauty, Victoria has emerged as a mecca for international bike racers. The annual Tour de Victoria takes place in August and is a mass participation event attracting both world class riders and weekend enthusiasts. There is even a 3k race for young children.

If you are contemplating a move to Victoria or just joining the thousands of tourists who visit each year, consider getting to know this beautiful corner of the world on two wheels. Grab your helmet and enjoy the view!

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

 

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Tips for Avoiding Nightmare Tenants

Tuesday, May 2nd, 2017

Success in real estate investment is totally dependent on the property owner’s ability to find and lease space to qualified, dependable tenants.  Good tenants are building blocks for a solid investment.  Each turnover in tenancy involves costs – in lost rent and the cost to prepare space for a new occupancy.  There can also be substantial legal costs involved in removing problem tenants.  While a certain amount of turnover is both inevitable and manageable, the goal must be to keep turnover to a minimum.  Turnover is a landlord’s greatest enemy.

Here are a few valuable tips for pulling in quality tenants and avoiding every landlord’s worst nightmare – the deadbeat tenant from hell who does not pay rent and destroys your property.

Don’t take shortcuts when it comes to tenant screening. – Order background and credit checks on every tenant applicant you consider and have them provide proof of income, such as a current pay stub.  Also, ask for landlord references and make every effort to contact those references.  It is also fair game to check out the social media pages of prospective tenants.  Twitter, Facebook, LinkedIn and Instagram are home to treasure troves of information when you are trying to find out more about a person.  Just because one report or reference comes back looking good, don’t neglect to follow-up with the other checks.

Try a little patience! – Yes, we have established that turnover costs money, but do not lease to the first tenant who comes knocking just to avoid a short-term vacancy.  The costs associated with evicting a tenant will far exceed the costs of a brief vacancy.  Develop patience and wait, if necessary, for the right tenant to come along.

Look for obvious red flags that may signal a problem tenant. – There are signs that alert landlords to tenants that are best avoided.  Anyone who is in a big hurry to move in immediately should cause you to slow down and ask a few questions.  What is the big hurry?  Were they evicted by another landlord or thrown out by their parents?  Also, beware when throngs of friends and family show up to look at a simple one-bedroom apartment.  An excessive number of people living under one roof will result in increased wear & tear and higher utility costs and may even violate the rules of your condo or homeowner’s association.  Finally, watch out for applicants who have multiple addresses over a short period.  This means they move all the time.  Before you know it, they will be moving from your property and you will be back at the drawing board in search of a steady, long-term tenant.

Consider employing a professional property manager. – If your budget has some wiggle room, you may want to opt for the services of a professional property manager.  They have websites designed to attract tenants and are already set up to screen prospective tenants in assembly line fashion.  Best of all, many investors report that property management pros can negotiate better rents than they were getting on their own.

Another way to avoid bad tenants is to be a good landlord.  Honor your own obligations under your rental agreement, respect your tenant’s privacy and your good tenants will be more inclined to renew the lease.  You may even persuade them to accept a little bump in rent to sweeten the deal!

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.


Bryon Howard, RE/MAX House of Real Estate
20, 2439 54 Ave SW, Calgary, Alberta, T3E 1M4
Tel: 403-287-3880 (Re/Max) or 403-475-7368 (office) Fax: 403-287-3876 or 403-276-8049 (office)
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board
MLS® MLS REALTOR® Realtor
Trademarks used under license from CREA