Comox Valley Real Estate News Blog

Sept. 2, 2020

7 Questions for Potential Tenants

Having an income property in the Comox Valley real estate market can be incredibly rewarding. As a tenant assists with paying down your mortgage, you reap the benefit of building the asset of the equity itself – and the opportunity to use that equity to purchase another home for further investment advantages too.

 

Here are seven smart questions you should be asking every potential renter of your income property to ensure you’ve vetted for quality and respectful tenants:

 

What’s influencing your decision to move?

This gives you a glimpse into factors influencing their move, so you can make sure the house is a good match for them. It also provides insight into the potential length of time they plan on renting from you. For example, if they are relocating to be closer to family or want their children to go to the school nearby, they may be in it for the long haul.

 

Who will be living here with you?

The answer to this question allows you to determine if they have a partner, any pets, or if they expect any regular visitors; such as shared custody of their children, who may be staying at the home every other weekend. It also gives guidance on who should be on the lease agreement, as it’s a good idea to have all permanent residents listed.

 

This property is non-smoking; does that pose a problem for you?

By stating the question this way, you’re not directly asking if they’re a smoker (that’s against the human rights code); however, their answer will typically provide that information voluntarily. For instance, they may reply, “that’s not a problem; I don’t smoke” or perhaps, “that’s okay, I can smoke outside.”

 

Are you able to provide a current credit report?

A good rule of thumb is to have the potential tenant submit a current credit report with their rental application. This gives historical evidence of their payment patterns and ensures they don’t have a large amount of debt where paying rent may become a problem.

 

Have you ever previously missed a payment or broken a lease?

Naturally, as common sense, it’s a big red flag if the potential renter’s answer is yes unless there was some kind of extenuating circumstance to be noted.

 

Would I be able to call your current landlord as a reference?

Validating their current relationship as a tenant is an important component of the tenant screening process. If permission is given, this question assists in determining the relationship they have – which may translate into a similar experience for you.

 

Are there any questions you’d like to ask me?

Asking this question shows open communication and offers the opportunity to learn more about the potential renter. It also opens the door for friendly conversation, so mutual respect can be built, which can help lead to the tenant taking better care of your property while they’re living there.

 

It’s a good idea to chat with a trusted real estate professional to confirm any potential questions you may have before you rent out your Comox Valley income property. Connect with me today regarding more insight into best practices for renting and for further assistance to help you find the perfect property to a tenant.

Posted in Income Properties
Aug. 21, 2020

Incredible 6 bedroom family home in Comox

Talk about the perfect family home with all the extras....

If you have been searching for the perfect family home here in the beautiful Comox Valley look no further than 1302 Ocean View Avenue. This 3870 square foot home boasts 6 bedrooms and 5 bathrooms. From the minute you pull up you will notice the excellent curb appeal of this home situated on a quiet cul-de-sac, in a very desirable, family oriented neighborhood in Comox, close to some of the best schools. Once you walk in the front door, you will be greeted with Italian tile floors, and hardwood throughout. Everyone says the kitchen is the heart of the home, this kitchen is complete with ample cabinetry, travertine backsplash with metallic inlays, island with a prep sink, high-end appliances, including a gas range, convection oven, and an additional convection oven. Lots of room for those amazing Sunday night family dinners. There is lots of storage with a corner pantry as well. This home has a cozy west coast feel we all love here in the Comox Valley with timber accents both inside and out. Four of the bedrooms are upstairs and three have en-suites and walk-in closets. There are beautiful mature gardens throughout the yard and the back yard has an extra large exposed aggregate patio for entertaining. There is a sprinkler system, new heat pump, two gas fireplaces, and an extra long garage. The list of extras in this home is long as well and it is a definite must see. 

Check out the Virtual Tour here!

 

July 31, 2017

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates