We have an eagle eye on cutting costs to make up for lower rents and increasing interest rates and property taxes. However, it appears that increasing interest rates and the tightening up of mortgage lending rules is making it harder for first time home buyers to get into the market...
Metro News has big ads today offering $500 off February rent for new tenants, which is enough to get my tenants thinking of a move (we are solely in Calgary). I haven't had calls yet from tenants asking for rent reduction, but I've had calls from other management calls for references on tenants...
Of 65 doors in Calgary, I`m completely full with two notices. This is up from around March when I had 6 or 7 vacancies. So I feel the market has really improved. But tenants are shopping, that is for sure. I`m posting on Co-op buildboards and at the colleges. I also have contacted organizations...
My colleague and I are compiling a collection of stories from landlords and property managers for publication. Do you have any outrageous, funny or downright scarey stories to tell? Please contact me at [email protected]
Betty Anne Tarini