3 DO’s and 1 DON’T for landlords and property managers to adhere to

How to be a good landlord

Kimberly Coates is the director of member engagement for LandlordBC.

Kimberly Coates is the director of member engagement for LandlordBC. — Photo courtesy Kimberly Coates

How does someone navigate the legalities of property management? By following an expert’s advice, that’s how.

Kimberly Coates is the director of member engagement for LandlordBC, the industry association that represents owners and managers of rental housing. The company provides education, advocacy and support for those operating as landlords and property managers. They work to ensure that landlords and property managers understand their rights and responsibilities under the Residential Tenancy Act and provide them with the tools and best practices for how to be a landlord in B.C. while liaising with all levels of government to support the industry and encourage rental housing development.

“Being a landlord can be tricky if you do not take the time learn about the industry you are entering into,” Coates said. “As a landlord, you are operating a business and it is very important that you take the time to learn about your rights and responsibilities under the Residential Tenancy Act, and also the rights and responsibilities of your tenants.”

LandlordBC has developed an interactive e-learning tool, the Landlord Registry, to provide education to rental housing providers in B.C.

“Using a proper tenant application and robust screening process is the first step in developing a healthy landlord/tenant relationship,” said Coates. “The application process is important because it lays out the expectations for both parties such as parking restrictions and pet and smoking policies.”

Through the application and screening process, a landlord gains consent to conduct reference checks, verify employment and conduct a credit check on the prospective tenant. Landlords can then use this information to decide if that tenant is a good fit for their available rental unit.

Kyle Born

Kyle Born is a writer for Kootenay Business and his initials match that of the magazine—it must be fate that brought them together. View all of Kyle Born’s articles

Related articles

East Kootenay, Fernie, Developments, Real Estate, 40 Under 40 Mike and Melissa MacKay

Mike and Melissa MacKay, owners of Cinch Homes in Fernie, B.C., provide high-quality, affordable housing options in the Elk Valley and surrounding areas

West Kootenay, Golden, Developments, Mining, Real Estate Good news from Golden

Golden is seeing more tourists year round, a significant increase in housing starts and responsible improvements in infrastructure.

Kootenay BizBlog, East Kootenay, West Kootenay, Real Estate BC’s “speculation tax” does not apply to Kootenays, with high percentage of out-of-province buyers

According to a Globe and Mail article, the Kootenay region is heavily dependent on Alberta home buyers.

View all Real Estate articles