Memo to Tenants

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To protect all owners we have just informed all tenants of this new policy: NO Cash or Interac Emails Accepted The message to tenants emphasized the following points: Please be informed that we are no longer accepting CASH due to the increasing risk of counterfeit currency. Additionally, we cannot accept Interac Email transfers for rent at this time. Please continue to send us post dated rent cheques per your tenancy agreement. If you do not have cheques we will accept a bank draft … [Read more...]

Tenanted Suites

Many owners of investment property may be unaware of the ins and outs of the new BC Residential Tenancy Act, which has been recently updated. If your suite is currently rented to a tenant, this information should help you understand the tenant rights written into the current legislation. The new rules for residential tenancy apply to the many suites here in Vancouver that are held as investments and currently occupied by tenants. When owners wish to sell the suite, they find that tenants are … [Read more...]

Responsibility for Maintenance

In this video, Nicholas Meyer of Downtown Suites in Vancouver goes over the responsibilities for suite maintenance - for both owners and tenants. … [Read more...]

Mold: A Very Serious Problem

We have experienced several tenant issues with mold, currently one of the most litigious situations that the landlord can face.  At Downtown Suites, we take mold very seriously and deal with it as promptly and efficiently as we can with recognized mold professionals.  Unfortunately, oftentimes the property has to be evacuated and this results in loss of rent and possible arbitration for health issues with the tenants.  Take it seriously! Frequently check for evidence of mold and be … [Read more...]

Slow home sales create window of opportunity

  VANCOUVER, B.C.  December 2, 2008  November reductions in home sales and prices have helped improve affordability in Greater Vancouver. However, November also saw a corresponding decrease in the number of new homes coming onto the market. In its most recent statistics release, the Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 69.7 per cent in November 2008 to 874 from the 2,883 sales recorded in November … [Read more...]

The New Rental Market

We've been talking about the changes in the market and the need for rental reductions to reflect this situation. Here's an example. Some recent Kitsilano Heritage house short term tenants have just rented a one bedroom apartment fully furnished (for long term) and equipped on the 23rd floor of a fairly new building close to the Beach Crescent neighbourhood in downtown. The suite has sweeping views etc. for $1600 a month utilities included! This price is indicative of where the market is … [Read more...]

Sale of 208-555 Jervis Street- The Perfect Investment Suite

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I had been working with my clients for several days and viewing many different buildings in the downtown and Coal Harbour area until we finally found the perfect investment property for them. The best deal in Coal Harbour! This studio suite in the Coal Harbour area  was clean and tidy, and perfect for their investment needs. It came complete with  a great tenant who has resided in the suite for the last five years and wished to stay. It was a win- win situation for all involved! The … [Read more...]

Mid-October Rental Review

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Why are higher end rental suites in Vancouver bringing in fewer people per viewing? At Downtown Suites we offer many condos and apartments in today’s rental market. We have seen that the higher end suites ranging from $2000 per month and more are bringing in fewer people per viewing. What contributes to the lower number of viewers coming to the showings of these suites? One of the factors is the new suites rapidly coming on the Vancouver rental market left, right and center. We have … [Read more...]

Yesterday’s Showings

I had 2 showings yesterday for Downtown Suites. The first suite I showed was a penthouse suite on West 12th and Granville. I met with the gentleman and his friend and we took a look at the suite. It is a very unique suite with a lot of spaces that are dispersed through out the house. There are 2 fireplace, one with a custom mosaic motif which gives the piece some character. The couple looked around all the rooms and gave their input saying that the place was great as far as space, but it was … [Read more...]

Bachelor in Anchor Point 3!

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Stunning Bachelor with Balcony!#609 - 1333 Hornby,Vancouver Downtown* Shared Laundry * 462 square feet * Balcony! * Pets will be considered * Dishwasher! * Hot Water, Heat and Gas Included * No Parking * No Storage Available July 1st1 To view this suite please visit our website at www.downtownsuites.com go into the ad and fill in the contact boxes provided. … [Read more...]