Buying an income property in Vancouver? What you need to know first
With rental prices skyrocketing, it is the perfect time to have an income property in Vancouver. Having an income property in Vancouver, however, is not as simple as just buying a home or condo and renting it out. So what do you need to know before purchasing an income property? What you need to know before purchasing an income property in Vancouver 1. Rental laws It is important that you review the rental laws that govern your income property in Vancouver. These include laws related to the property, as well as those governing your rights and responsibilities as a landlord. To best protect yourself, consult with a real estate lawyer to review all relevant laws before you purchase an income property. 2. Regulations around short-term rentals This is especially important now as there are a number of new regulations governing