{"product_id":"the-canadian-landlords-guide-isbn-9780470155271","title":"The Canadian Landlord's Guide","description":"\u003cb\u003eThe ultimate resource for Canadian residential landlords.\u003c\/b\u003e  \u003cp\u003eAnyone can become a landlord, but not everyone will be a \u003ci\u003eprofitable\u003c\/i\u003e landlord. Distilling over 35 years of his first-hand experience, Doug Gray, one of Canada’s most respected real estate authors and experts, guides readers on how to become a successful landlord.\u003c\/p\u003e \u003cp\u003e Following the effective and proven formula of his previous bestsellers, \u003ci\u003eThe Canadian Landlord Guide\u003c\/i\u003e fills the void of information on Canadian landlording. Some of the covered topics include: \u003c\/p\u003e \u003cul\u003e \u003cli\u003ePrinciples and formulas for profitable landlording\u003c\/li\u003e \u003cli\u003eUnderstanding how the real estate market works\u003c\/li\u003e \u003cli\u003eThe pitfalls of real estate investing and how to avoid them\u003c\/li\u003e \u003cli\u003eTypes of rental formats\u003c\/li\u003e \u003cli\u003eWhere to get information on prospective properties\u003c\/li\u003e \u003cli\u003eHow to finance real estate investments\u003c\/li\u003e \u003cli\u003eThe legal aspects of buying and renting property\u003c\/li\u003e \u003cli\u003eTenant selection\u003c\/li\u003e \u003cli\u003eProperty maintenance\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with easy-to-understand and credible advice, \u003ci\u003eThe Canadian Landlord Guide\u003c\/i\u003e is a must-have resource for all Canadian landlords. Seasoned professionals and aspiring beginners alike will find Doug Gray’s landlording guide to be one of their key tools in their quest for real estate success.\u003c\/p\u003e \u003cp\u003eDoug Gray, B.A., LL.B. (Vancouver, BC) has been buying, renovating, and renting real estate for 35 years. In addition to being a successful real estate entrepreneur, Doug has written over 28 bestselling real estate, business, and personal finance titles, including \u003ci\u003eMaking Money in Real Estate (\u003c\/i\u003e978-0-470-83620-0) and \u003ci\u003eThe Canadian Snowbird Guide\u003c\/i\u003e (978-0-470-15375-8).\u003c\/p\u003e \u003cp\u003ePreface xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Investing in Rental Real Estate 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting in Property 1\u003c\/p\u003e \u003cp\u003eTallying the Advantages 2\u003c\/p\u003e \u003cp\u003eBuying Properties to Rent 5\u003c\/p\u003e \u003cp\u003eSizing Up a Home, Sizing Up an Investment 5\u003c\/p\u003e \u003cp\u003eSizing Up Your Goals 5\u003c\/p\u003e \u003cp\u003eLearning the Basics 7\u003c\/p\u003e \u003cp\u003eCourses and Seminars 7\u003c\/p\u003e \u003cp\u003eHelpful Organizations 8\u003c\/p\u003e \u003cp\u003eGetting a Grasp on Management 9\u003c\/p\u003e \u003cp\u003eAssessing Your Aptitude 9\u003c\/p\u003e \u003cp\u003eMatching Skills with Properties 10\u003c\/p\u003e \u003cp\u003eCapitalizing on Gains 10\u003c\/p\u003e \u003cp\u003ePlanning for Success 10\u003c\/p\u003e \u003cp\u003eTrading on Success 11\u003c\/p\u003e \u003cp\u003eEnjoying Your Success 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I: GETTING STARTED\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Understanding the Rental Property Market 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding Market Cycles 15\u003c\/p\u003e \u003cp\u003eGetting to the Roots 15\u003c\/p\u003e \u003cp\u003eRecognizing Spheres of Influence 16\u003c\/p\u003e \u003cp\u003eRecognizing the Influences 18\u003c\/p\u003e \u003cp\u003eUnderstanding the Real Estate Market Cycle 19\u003c\/p\u003e \u003cp\u003eSeller’s Market 20\u003c\/p\u003e \u003cp\u003eBuyer’s Market 20\u003c\/p\u003e \u003cp\u003eBalanced Market 20\u003c\/p\u003e \u003cp\u003eUnderstanding the Mortgage Market Cycle 21\u003c\/p\u003e \u003cp\u003eLender’s Market 21\u003c\/p\u003e \u003cp\u003eBorrower’s Market 21\u003c\/p\u003e \u003cp\u003eBalanced Market 22\u003c\/p\u003e \u003cp\u003eUnderstanding the Rental Market Cycle 22\u003c\/p\u003e \u003cp\u003eLandlord’s Market 22\u003c\/p\u003e \u003cp\u003eTenant’s Market 22\u003c\/p\u003e \u003cp\u003eBalanced Market 23\u003c\/p\u003e \u003cp\u003eRecognizing Rental Market Influences 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Establishing an Investment Strategy 26\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAssessing Yourself 26\u003c\/p\u003e \u003cp\u003eIdentifying Strengths and Weaknesses 26\u003c\/p\u003e \u003cp\u003eIdentifying Skills 27\u003c\/p\u003e \u003cp\u003eDetermining Your Goals 29\u003c\/p\u003e \u003cp\u003eBuilding Wealth 29\u003c\/p\u003e \u003cp\u003eSupporting the Family 29\u003c\/p\u003e \u003cp\u003eFunding Retirement 29\u003c\/p\u003e \u003cp\u003eDetermining Your Likes and Dislikes 30\u003c\/p\u003e \u003cp\u003eLocation 30\u003c\/p\u003e \u003cp\u003eAsset Type 30\u003c\/p\u003e \u003cp\u003eBuying with Others or “Buy” Yourself? 33\u003c\/p\u003e \u003cp\u003eDetermining Your Financial Status 33\u003c\/p\u003e \u003cp\u003eCalculating Net Worth 33\u003c\/p\u003e \u003cp\u003eDrafting a Budget 34\u003c\/p\u003e \u003cp\u003eGauging Resources 34\u003c\/p\u003e \u003cp\u003eCarrying Debt 34\u003c\/p\u003e \u003cp\u003eDetermining Your Future Needs 35\u003c\/p\u003e \u003cp\u003eSetting the Clock 35\u003c\/p\u003e \u003cp\u003eSetting Priorities 35\u003c\/p\u003e \u003cp\u003eSetting Limits 35\u003c\/p\u003e \u003cp\u003eKnowing the Limits of Financing 36\u003c\/p\u003e \u003cp\u003eDeveloping an Investment Strategy 37\u003c\/p\u003e \u003cp\u003eTime Frame 37\u003c\/p\u003e \u003cp\u003eFinancing 37\u003c\/p\u003e \u003cp\u003eScheduling 37\u003c\/p\u003e \u003cp\u003eKnow the Market 38\u003c\/p\u003e \u003cp\u003eBe Competent 38\u003c\/p\u003e \u003cp\u003eBe Professional 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Avoiding the Pitfalls of Property Investing 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAvoiding Partnership Troubles 39\u003c\/p\u003e \u003cp\u003eSelecting Business Partners 40\u003c\/p\u003e \u003cp\u003eCo-tenancy 40\u003c\/p\u003e \u003cp\u003eGeneral Partnership 41\u003c\/p\u003e \u003cp\u003eLimited Partnership 41\u003c\/p\u003e \u003cp\u003eCorporation 42\u003c\/p\u003e \u003cp\u003eJoint Venture 42\u003c\/p\u003e \u003cp\u003eSyndicates 43\u003c\/p\u003e \u003cp\u003ePlanning for Survival 44\u003c\/p\u003e \u003cp\u003eGoals and Objectives 44\u003c\/p\u003e \u003cp\u003eExpertise 44\u003c\/p\u003e \u003cp\u003eLiquidity 44\u003c\/p\u003e \u003cp\u003eLiability 45\u003c\/p\u003e \u003cp\u003eCompatibility 45\u003c\/p\u003e \u003cp\u003eGetting It in Writing 46\u003c\/p\u003e \u003cp\u003eAvoiding Fraud 47\u003c\/p\u003e \u003cp\u003eFraud for Shelter 47\u003c\/p\u003e \u003cp\u003eFraud for Profit 48\u003c\/p\u003e \u003cp\u003eStaying Clean 49\u003c\/p\u003e \u003cp\u003eSelecting Advisors 49\u003c\/p\u003e \u003cp\u003eThe Broker 50\u003c\/p\u003e \u003cp\u003eThe Lawyer 50\u003c\/p\u003e \u003cp\u003eThe Appraiser 51\u003c\/p\u003e \u003cp\u003eThe Accountant 51\u003c\/p\u003e \u003cp\u003eThe Financial Planner 51\u003c\/p\u003e \u003cp\u003eOther Professionals 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Choosing a Property Type 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eScouting Rental Properties 53\u003c\/p\u003e \u003cp\u003eResidential 53\u003c\/p\u003e \u003cp\u003eRecreational 53\u003c\/p\u003e \u003cp\u003eCommercial 54\u003c\/p\u003e \u003cp\u003eIndustrial 54\u003c\/p\u003e \u003cp\u003eRaw Land 54\u003c\/p\u003e \u003cp\u003eKnowing the Formats 55\u003c\/p\u003e \u003cp\u003eResidential Properties 55\u003c\/p\u003e \u003cp\u003eRecreational Properties 59\u003c\/p\u003e \u003cp\u003eCommercial Properties 61\u003c\/p\u003e \u003cp\u003eIndustrial Properties 63\u003c\/p\u003e \u003cp\u003eRaw Land 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Choosing a Residential Property 66\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrincipal Residence with Rental Suite 66\u003c\/p\u003e \u003cp\u003eWhat to Watch For 67\u003c\/p\u003e \u003cp\u003eWhat to Ask For 67\u003c\/p\u003e \u003cp\u003eInsurance Considerations 67\u003c\/p\u003e \u003cp\u003eSecond Home for Seasonal, Periodic, or Full-time Rental 68\u003c\/p\u003e \u003cp\u003eKeeping a Balance 68\u003c\/p\u003e \u003cp\u003eKeeping Up Appearances 68\u003c\/p\u003e \u003cp\u003eResidential Property Ready for Rental 69\u003c\/p\u003e \u003cp\u003eRenovating and Renting 69\u003c\/p\u003e \u003cp\u003eBuying with Intent 69\u003c\/p\u003e \u003cp\u003eRenovating with Intent 70\u003c\/p\u003e \u003cp\u003eBuilding a Rental Unit 70\u003c\/p\u003e \u003cp\u003eCommerical Tenants 71\u003c\/p\u003e \u003cp\u003eKeeping the Distance 71\u003c\/p\u003e \u003cp\u003eSeeking Tenants 71\u003c\/p\u003e \u003cp\u003eSeeking Advice 71\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Sourcing Information on Rental Properties 72\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSources of General Information 72\u003c\/p\u003e \u003cp\u003eBank Reports 72\u003c\/p\u003e \u003cp\u003eNewspapers and Magazines 73\u003c\/p\u003e \u003cp\u003eCourses and Seminars 74\u003c\/p\u003e \u003cp\u003eBooks 74\u003c\/p\u003e \u003cp\u003eOnline Sources 74\u003c\/p\u003e \u003cp\u003eConferences and Trade Shows 74\u003c\/p\u003e \u003cp\u003eDrilling Down to Specifics 75\u003c\/p\u003e \u003cp\u003eStatistics Canada 75\u003c\/p\u003e \u003cp\u003eCanada Mortgage and Housing Corp. (CMHC) 75\u003c\/p\u003e \u003cp\u003eBrokerage and Board Reports 76\u003c\/p\u003e \u003cp\u003eReal Estate Agents 76\u003c\/p\u003e \u003cp\u003eMunicipal Planning Department 77\u003c\/p\u003e \u003cp\u003eMunicipal Tax Department 77\u003c\/p\u003e \u003cp\u003eEconomic Development Organizations 77\u003c\/p\u003e \u003cp\u003ePolice 78\u003c\/p\u003e \u003cp\u003eFire Department 78\u003c\/p\u003e \u003cp\u003eHome Builders’ Associations 78\u003c\/p\u003e \u003cp\u003eBuilding Inspector 79\u003c\/p\u003e \u003cp\u003eNeighbours 79\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II: BUYING A PROPERTY\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Do the Numbers Work? 83 \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDrafting a Business Plan 83\u003c\/p\u003e \u003cp\u003eInitial Financial Requirements 83\u003c\/p\u003e \u003cp\u003eOngoing Financial Requirements 84\u003c\/p\u003e \u003cp\u003ePlanning for Revenue Growth 84\u003c\/p\u003e \u003cp\u003eTargeting Value 84\u003c\/p\u003e \u003cp\u003eBuilding a Buffer for the Unexpected 85\u003c\/p\u003e \u003cp\u003eDoing a “SWOT” Analysis 85\u003c\/p\u003e \u003cp\u003eStrengths 86\u003c\/p\u003e \u003cp\u003eWeaknesses 86\u003c\/p\u003e \u003cp\u003eOpportunities 86\u003c\/p\u003e \u003cp\u003eThreats 86\u003c\/p\u003e \u003cp\u003eCrunching Numbers 87\u003c\/p\u003e \u003cp\u003eComparing Incomes 87\u003c\/p\u003e \u003cp\u003eComparing Returns 88\u003c\/p\u003e \u003cp\u003eGetting Advice 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Financing Real Estate Investments 90\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeterminging Your Budget Requirements 90\u003c\/p\u003e \u003cp\u003eGauging Expenses 90\u003c\/p\u003e \u003cp\u003eGauging Income 91\u003c\/p\u003e \u003cp\u003eKnowing What Lenders Want 92\u003c\/p\u003e \u003cp\u003eCredit Rating 92\u003c\/p\u003e \u003cp\u003eProperty Value 92\u003c\/p\u003e \u003cp\u003eSecurity 94\u003c\/p\u003e \u003cp\u003eIdentifying Financing Options 95\u003c\/p\u003e \u003cp\u003eSizing Up Mortgages 96\u003c\/p\u003e \u003cp\u003eConventional Mortgage 97\u003c\/p\u003e \u003cp\u003eHigh-ratio Mortgage 97\u003c\/p\u003e \u003cp\u003eCondominium Mortgage 97\u003c\/p\u003e \u003cp\u003eLeasehold Mortgage 98\u003c\/p\u003e \u003cp\u003eBlanket Mortgage 98\u003c\/p\u003e \u003cp\u003eCollateral Mortgage 99\u003c\/p\u003e \u003cp\u003eConstruction Mortgage 99\u003c\/p\u003e \u003cp\u003eVendor Mortgage 99\u003c\/p\u003e \u003cp\u003eAssumed Mortgage 100\u003c\/p\u003e \u003cp\u003eGovernment-assisted Mortgage 100\u003c\/p\u003e \u003cp\u003eSecond Mortgages and Others 100\u003c\/p\u003e \u003cp\u003eSecond Mortgages 100\u003c\/p\u003e \u003cp\u003eDeferred-interest Mortgages 101\u003c\/p\u003e \u003cp\u003eVariable-rate Mortgages 101\u003c\/p\u003e \u003cp\u003eObtaining a Pre-approved Mortgage 102\u003c\/p\u003e \u003cp\u003eUsing Leverage 102\u003c\/p\u003e \u003cp\u003eNegotiating Financing 102\u003c\/p\u003e \u003cp\u003eAmortization 103\u003c\/p\u003e \u003cp\u003eTerm of the Mortgage 103\u003c\/p\u003e \u003cp\u003eInterest Rate 104\u003c\/p\u003e \u003cp\u003eInterest Averaging 105\u003c\/p\u003e \u003cp\u003eOpen or Closed Mortgage 105\u003c\/p\u003e \u003cp\u003ePayment Schedules 105\u003c\/p\u003e \u003cp\u003ePrepayment Privilege 106\u003c\/p\u003e \u003cp\u003eAssumability 106\u003c\/p\u003e \u003cp\u003ePortability 107\u003c\/p\u003e \u003cp\u003eRenegotiating a Mortgage 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Understanding the Purchase Process 108\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSelecting the Right Realtor 108\u003c\/p\u003e \u003cp\u003eWhat You Bring to the Table 109\u003c\/p\u003e \u003cp\u003eWhat the Agent Brings to the Table 110\u003c\/p\u003e \u003cp\u003eDetermining a Property’s Value 111\u003c\/p\u003e \u003cp\u003eJust the Facts, Please 111\u003c\/p\u003e \u003cp\u003eConsidering Other Factors 112\u003c\/p\u003e \u003cp\u003ePreparing the Offer 114\u003c\/p\u003e \u003cp\u003eNegotiating Strategies 114\u003c\/p\u003e \u003cp\u003ePresenting the Offer 115\u003c\/p\u003e \u003cp\u003eName of Purchaser 115\u003c\/p\u003e \u003cp\u003eDeposit 115\u003c\/p\u003e \u003cp\u003ePrice 115\u003c\/p\u003e \u003cp\u003eClosing Date 116\u003c\/p\u003e \u003cp\u003eFinancing Terms 116\u003c\/p\u003e \u003cp\u003eConditions 116\u003c\/p\u003e \u003cp\u003eGiving a Deposit 120\u003c\/p\u003e \u003cp\u003eMaking a Deal 120\u003c\/p\u003e \u003cp\u003eThe Bid 121\u003c\/p\u003e \u003cp\u003eThe Counteroffer 121\u003c\/p\u003e \u003cp\u003eThe Decision 121\u003c\/p\u003e \u003cp\u003eUsing a Lawyer 121\u003c\/p\u003e \u003cp\u003eGeneral Insurance 122\u003c\/p\u003e \u003cp\u003eTitle Insurance 122\u003c\/p\u003e \u003cp\u003eClosing the Deal 122\u003c\/p\u003e \u003cp\u003eFinalizing the Price 123\u003c\/p\u003e \u003cp\u003eRewarding Advisors 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Understanding the Legal Aspects of Buying Property 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Purchase and Sale Agreement 125\u003c\/p\u003e \u003cp\u003eElements of the Contract 125\u003c\/p\u003e \u003cp\u003eBacking Out of Contracts 126\u003c\/p\u003e \u003cp\u003ePreparing the Offer 128\u003c\/p\u003e \u003cp\u003eAmount of Deposit 129\u003c\/p\u003e \u003cp\u003eConditions and Warranties 129\u003c\/p\u003e \u003cp\u003eAdditional Clauses 131\u003c\/p\u003e \u003cp\u003eServices Provided by the Purchaser’s Lawyer 133\u003c\/p\u003e \u003cp\u003eBefore the Agreement Is Signed 134\u003c\/p\u003e \u003cp\u003eAfter the Agreement Is Signed 134\u003c\/p\u003e \u003cp\u003eJust Before Closing the Transaction 136\u003c\/p\u003e \u003cp\u003eOn Closing Day 137\u003c\/p\u003e \u003cp\u003eAfter Closing the Transaction 138\u003c\/p\u003e \u003cp\u003eServices Provided by the Vendor’s Lawyer 138\u003c\/p\u003e \u003cp\u003eBefore the Agreement Is Signed 139\u003c\/p\u003e \u003cp\u003eAfter the Agreement Is Signed 139\u003c\/p\u003e \u003cp\u003eJust Before Closing the Transaction 140\u003c\/p\u003e \u003cp\u003eOn Closing Day 140\u003c\/p\u003e \u003cp\u003eAfter Closing the Transaction 140\u003c\/p\u003e \u003cp\u003eInsurance 141\u003c\/p\u003e \u003cp\u003eBuying Rental Property in the United States 141\u003c\/p\u003e \u003cp\u003eResident vs. Non-resident Alien 142\u003c\/p\u003e \u003cp\u003eBuying Rental Property in Countries Outside Canada and the U.S. 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Understanding the Legal Aspects of Renting Property 144\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLocal Government Regulations 144\u003c\/p\u003e \u003cp\u003eZoning 144\u003c\/p\u003e \u003cp\u003eOther Considerations 145\u003c\/p\u003e \u003cp\u003eProvincial Government Legislation 146\u003c\/p\u003e \u003cp\u003eResidential Tenancy Legislation 146\u003c\/p\u003e \u003cp\u003eCommercial Tenancy Legislation 146\u003c\/p\u003e \u003cp\u003eHuman Rights Legislation 147\u003c\/p\u003e \u003cp\u003ePrivacy Legislation 147\u003c\/p\u003e \u003cp\u003eEmployment Standards Legislation 148\u003c\/p\u003e \u003cp\u003eTenancy Application 148\u003c\/p\u003e \u003cp\u003eLease Agreement 148\u003c\/p\u003e \u003cp\u003eResidential Tenancy Agreement 149\u003c\/p\u003e \u003cp\u003eCommercial Tenancy Agreement 149\u003c\/p\u003e \u003cp\u003eChecklist of Property Condition 150\u003c\/p\u003e \u003cp\u003eEyes Wide Open: Legal Risks to Watch For 150\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Understanding the Tax Aspects of Rental Properties 152\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaxing the Transaction 152\u003c\/p\u003e \u003cp\u003eTaxes on Purchase 152\u003c\/p\u003e \u003cp\u003eTaxes on Sale 153\u003c\/p\u003e \u003cp\u003eOperating with Taxes 153\u003c\/p\u003e \u003cp\u003eSales Taxes 153\u003c\/p\u003e \u003cp\u003eProperty Taxes 153\u003c\/p\u003e \u003cp\u003eTaxing Property Income 155\u003c\/p\u003e \u003cp\u003eIncome Tax 156\u003c\/p\u003e \u003cp\u003eCapital Gains Tax 156\u003c\/p\u003e \u003cp\u003eKeeping Records 156\u003c\/p\u003e \u003cp\u003eKnowing What to Keep 157\u003c\/p\u003e \u003cp\u003eDeveloping an Effective System 158\u003c\/p\u003e \u003cp\u003eDeveloping a Retention Strategy 158\u003c\/p\u003e \u003cp\u003eManaging and Reducing Taxes 159\u003c\/p\u003e \u003cp\u003eSales Tax 159\u003c\/p\u003e \u003cp\u003eProperty Tax 159\u003c\/p\u003e \u003cp\u003eIncome Tax 160\u003c\/p\u003e \u003cp\u003eCapital Gains Tax 161\u003c\/p\u003e \u003cp\u003eSpecial Cases 161\u003c\/p\u003e \u003cp\u003eEmployees 161\u003c\/p\u003e \u003cp\u003eTaxation of U.S. Rental Properties 162\u003c\/p\u003e \u003cp\u003eTaxation of Rental Properties Outside Canada and the U.S. 164\u003c\/p\u003e \u003cp\u003eGetting Advice 164\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III: OPERATING PROPERTIES\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Marketing Rental Properties 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDrafting a Marketing Plan 167\u003c\/p\u003e \u003cp\u003eReviewing Personal Objectives 167\u003c\/p\u003e \u003cp\u003eReviewing Investment Objectives 169\u003c\/p\u003e \u003cp\u003eDrafting a Marketing Plan 170\u003c\/p\u003e \u003cp\u003eGetting the Word Out 172\u003c\/p\u003e \u003cp\u003eBasic Elements 172\u003c\/p\u003e \u003cp\u003ePrint Media 173\u003c\/p\u003e \u003cp\u003eOnline Options 174\u003c\/p\u003e \u003cp\u003eWord of Mouth\/Signage 175\u003c\/p\u003e \u003cp\u003eAssisted Marketing 176\u003c\/p\u003e \u003cp\u003eGetting Creative 176\u003c\/p\u003e \u003cp\u003eDiscount on Rent 177\u003c\/p\u003e \u003cp\u003eTenant Improvements 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Working with Tenants 178\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining the Tenant You Want 178\u003c\/p\u003e \u003cp\u003eKnowing Yourself 179\u003c\/p\u003e \u003cp\u003eKnowing the Tenant 179\u003c\/p\u003e \u003cp\u003eAttracting Tenants 181\u003c\/p\u003e \u003cp\u003eScreening Tenants 181\u003c\/p\u003e \u003cp\u003eThe Invitation 182\u003c\/p\u003e \u003cp\u003eThe Viewing 182\u003c\/p\u003e \u003cp\u003eThe Application 183\u003c\/p\u003e \u003cp\u003eThe Review 183\u003c\/p\u003e \u003cp\u003eThe Follow-up 184\u003c\/p\u003e \u003cp\u003eKeeping Tenants 184\u003c\/p\u003e \u003cp\u003eBe Friendly 184\u003c\/p\u003e \u003cp\u003eBe Responsive 185\u003c\/p\u003e \u003cp\u003eBe Attentive 185\u003c\/p\u003e \u003cp\u003eBe Respectful 185\u003c\/p\u003e \u003cp\u003eBe Thrifty 186\u003c\/p\u003e \u003cp\u003eDealing with Difficult Tenants 186\u003c\/p\u003e \u003cp\u003eResolving Minor Troubles 187\u003c\/p\u003e \u003cp\u003eResolving Major Troubles 188\u003c\/p\u003e \u003cp\u003eGetting Rid of Tenants 190\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Managing Rental Properties 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSelf-management 191\u003c\/p\u003e \u003cp\u003eGauging Interest 191\u003c\/p\u003e \u003cp\u003eGauging Abilities 192\u003c\/p\u003e \u003cp\u003eGauging the Demands 193\u003c\/p\u003e \u003cp\u003eResident Management 194\u003c\/p\u003e \u003cp\u003eSelecting a Manager 194\u003c\/p\u003e \u003cp\u003eDefining Duties 195\u003c\/p\u003e \u003cp\u003eSetting Pay 195\u003c\/p\u003e \u003cp\u003eProfessional Management 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Maintaining Rental Properties 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDrafting a Maintenance Plan 197\u003c\/p\u003e \u003cp\u003eLooking In 198\u003c\/p\u003e \u003cp\u003eLooking Out 201\u003c\/p\u003e \u003cp\u003eRecognizing Room for Improvement 203\u003c\/p\u003e \u003cp\u003eCosmetic Improvements 203\u003c\/p\u003e \u003cp\u003eCapital Improvements 204\u003c\/p\u003e \u003cp\u003eSecuring Tenant Support 204\u003c\/p\u003e \u003cp\u003eDamage Deposits 205\u003c\/p\u003e \u003cp\u003eTenant Incentives 205\u003c\/p\u003e \u003cp\u003eMaintenance Between Tenancies 205\u003c\/p\u003e \u003cp\u003eBesting Pests 206\u003c\/p\u003e \u003cp\u003eRodents 206\u003c\/p\u003e \u003cp\u003eBirds 207\u003c\/p\u003e \u003cp\u003eInsects 208\u003c\/p\u003e \u003cp\u003eSupporting Rent Increases 210\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Improving the Bottom Line 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIncreasing Rents 211\u003c\/p\u003e \u003cp\u003eRaising Room Rents 212\u003c\/p\u003e \u003cp\u003eTenant Fees 212\u003c\/p\u003e \u003cp\u003eAmenity Fees 213\u003c\/p\u003e \u003cp\u003eOther Options 215\u003c\/p\u003e \u003cp\u003eDecreasing Expenses 215\u003c\/p\u003e \u003cp\u003eImproving Performance 216\u003c\/p\u003e \u003cp\u003eGetting Deals 216\u003c\/p\u003e \u003cp\u003eMaximizing Write-offs 217\u003c\/p\u003e \u003cp\u003eMaximizing Tax-efficiencies 218\u003c\/p\u003e \u003cp\u003eGST\/HST 218\u003c\/p\u003e \u003cp\u003eIncome Tax 218\u003c\/p\u003e \u003cp\u003eCapital Gains Tax 218\u003c\/p\u003e \u003cp\u003eProperty Tax 218\u003c\/p\u003e \u003cp\u003eSeeking Professional Advice 219\u003c\/p\u003e \u003cp\u003eAccountants 219\u003c\/p\u003e \u003cp\u003eAppraisers 219\u003c\/p\u003e \u003cp\u003eDesigners 219\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Commercial Properties: A Primer 220\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding Commercial Properties 220\u003c\/p\u003e \u003cp\u003eWhat Makes Commercial Properties Different 221\u003c\/p\u003e \u003cp\u003eRisks of Commercial Tenancies 224\u003c\/p\u003e \u003cp\u003eChoosing the Right Ownership Structure 225\u003c\/p\u003e \u003cp\u003eInvesting in Commercial Properties 227\u003c\/p\u003e \u003cp\u003eDeveloping an Investment Plan 228\u003c\/p\u003e \u003cp\u003eFinding Commercial Properties 230\u003c\/p\u003e \u003cp\u003eArranging Financing 230\u003c\/p\u003e \u003cp\u003eBuying Commercial Properties 230\u003c\/p\u003e \u003cp\u003eDoing the Due Diligence 231\u003c\/p\u003e \u003cp\u003eRenting Commercial Properties 232\u003c\/p\u003e \u003cp\u003eMarketing Commercial Space 233\u003c\/p\u003e \u003cp\u003eSelecting Commercial Tenants 234\u003c\/p\u003e \u003cp\u003eDealing with Tenants 236\u003c\/p\u003e \u003cp\u003eManaging Commercial Properties 238\u003c\/p\u003e \u003cp\u003eAvoiding Pitfalls 238\u003c\/p\u003e \u003cp\u003eKnowing the Legislation 238\u003c\/p\u003e \u003cp\u003eGetting Help 239\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Managing Risks 240\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAssessing Risks 240\u003c\/p\u003e \u003cp\u003eRisks to People 240\u003c\/p\u003e \u003cp\u003eRisks to Property 242\u003c\/p\u003e \u003cp\u003eReducng Risks 244\u003c\/p\u003e \u003cp\u003ePreventing Injuries 244\u003c\/p\u003e \u003cp\u003ePreventing Crime 244\u003c\/p\u003e \u003cp\u003ePreventing Fire 245\u003c\/p\u003e \u003cp\u003eRecovering from Events 247\u003c\/p\u003e \u003cp\u003eSeeking Insurance 247\u003c\/p\u003e \u003cp\u003eTypes of Insurance 248\u003c\/p\u003e \u003cp\u003eTenant Insurance 250\u003c\/p\u003e \u003cp\u003eShopping for Insurance 250\u003c\/p\u003e \u003cp\u003eReducing Insurance Costs 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Preparing to Sell 253\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnowing When to Sell 253\u003c\/p\u003e \u003cp\u003eDetermining Your Reasons 253\u003c\/p\u003e \u003cp\u003eDetermining Your Timing 255\u003c\/p\u003e \u003cp\u003eDetermining Your Strategy 256\u003c\/p\u003e \u003cp\u003eUnderstanding the Sale Process 257\u003c\/p\u003e \u003cp\u003eTiming and Pricing 258\u003c\/p\u003e \u003cp\u003ePreparing Documentation 258\u003c\/p\u003e \u003cp\u003ePriming Advisors 259\u003c\/p\u003e \u003cp\u003ePriming the Property 259\u003c\/p\u003e \u003cp\u003eSetting Limits 259\u003c\/p\u003e \u003cp\u003eCalculating Costs 259\u003c\/p\u003e \u003cp\u003ePreparing to Sell 260\u003c\/p\u003e \u003cp\u003eIdentifying Markets 260\u003c\/p\u003e \u003cp\u003ePreparing the Property 260\u003c\/p\u003e \u003cp\u003eAdvising Tenants 262\u003c\/p\u003e \u003cp\u003eClosing the Sale 262\u003c\/p\u003e \u003cp\u003eSetting Conditions 262\u003c\/p\u003e \u003cp\u003eCounting the Benefits 263\u003c\/p\u003e \u003cp\u003eAdvising Tenants 264\u003c\/p\u003e \u003cp\u003eMoving On 264\u003c\/p\u003e \u003cp\u003eReinvesting Proceeds 264\u003c\/p\u003e \u003cp\u003ePaying Taxes 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAPPENDIX\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChecklists\u003c\/p\u003e \u003cp\u003eReal Estate Assessment 266\u003c\/p\u003e \u003cp\u003eInvestment Property Analysis 275\u003c\/p\u003e \u003cp\u003eBusiness Deductions 278\u003c\/p\u003e \u003cp\u003eReal Estate Purchase Expenses 280\u003c\/p\u003e \u003cp\u003eLandlord-Tenants Suite Inspection 282\u003c\/p\u003e \u003cp\u003eMortgage Selection Criteria 286\u003c\/p\u003e \u003cp\u003eInvestor and Landlord 290\u003c\/p\u003e \u003cp\u003eProperty Maintenance 300\u003c\/p\u003e \u003cp\u003eCharts\u003c\/p\u003e \u003cp\u003eRecovering on Renovation Costs 303\u003c\/p\u003e \u003cp\u003eCriteria for Determining Real Estate Cycle 304\u003c\/p\u003e \u003cp\u003eSamples\u003c\/p\u003e \u003cp\u003eApplication for Rent 305\u003c\/p\u003e \u003cp\u003eResidential Tenancy Lease Agreement 307\u003c\/p\u003e \u003cp\u003eWorksheets\u003c\/p\u003e \u003cp\u003eIncome Approach 314\u003c\/p\u003e \u003cp\u003eProjected Cash Flow 316\u003c\/p\u003e \u003cp\u003ePersonal Net Worth Statement 318\u003c\/p\u003e \u003cp\u003eHelpful Websites 323\u003c\/p\u003e \u003cp\u003eAbout the Authors 326\u003c\/p\u003e \u003cp\u003eFurther Education and Information 327\u003c\/p\u003e \u003cp\u003eGlossary 328\u003c\/p\u003e \u003cp\u003eIndex 339\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDouglas Gray, B.A., LL.B.\u003c\/b\u003e (Vancouver, Canada), formerly a practicing real estate and business lawyer, has extensive personal and professional experience in all aspects of real estate, and has been a landlord for over 30 years. He is the author of 26 best-selling real estate, business and personal nance books, including \u003ci\u003eMaking Money in Real Estate\u003c\/i\u003e (978-0-470-83620-0) and \u003ci\u003eThe Canadian Snowbird Guide\u003c\/i\u003e (978-0-470-15375-8). As well, Douglas is a consultant, columnist and speaker. His website \u003ci\u003ewww.homebuyer.ca\u003c\/i\u003e offers comprehensive information on real estate, finance and related topics. \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePeter Mitham\u003c\/b\u003e (Vancouver, Canada) is a prolific freelance journalist whose work has appeared in more than 70 publications worldwide, including \u003ci\u003eCanadian Business, Canadian Real Estate Magazine, Country Life, The Globe and Mail and The Next American City\u003c\/i\u003e. Since 2002 Peter has contributed a weekly column of real estate news to \u003ci\u003eBusiness in Vancouver\u003c\/i\u003e, and he is a regular writer for \u003ci\u003eWestern Investor\u003c\/i\u003e, a monthly paper serving real estate investors across western Canada. He is also co-author with Douglas Gray of \u003ci\u003eReal Estate Investing For Canadians For Dummies\u003c\/i\u003e (978-0-470-83418-3).   \u003c\/p\u003e\u003cul\u003e \u003cli\u003eLegal rights and obligations of being a landlord\u003c\/li\u003e \u003cli\u003eMaximizing revenue and minimizing expenses\u003c\/li\u003e \u003cli\u003eCash flow management\u003c\/li\u003e \u003cli\u003eTax deferrals and other strategies\u003c\/li\u003e \u003cli\u003eEffective tenant-management relations\u003c\/li\u003e \u003cli\u003eTime management tips\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cb\u003eMAXIMIZE YOUR PROFIT AND REDUCE THE RISK OF BEING A LANDLORD\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eCanadians who are savvy at buying investment prop-erties usually have a tried and true formula they follow, so that they know they are purchasing a property that has a positive cash ow and solid potential for equity growth. But once the property is purchased, investors need to turn to the role of being a landlord, which for some is a constant headache, but for others is an essen-tial part of being a successful investor. Best-selling real estate author Douglas Gray and business journalist Peter Mitham share their wealth of experience and expertise in this comprehensive guide. It will show investors how to make astute and protable decisions, build successful tenant relations, and avoid the classic problems and pitfalls. \u003c\/p\u003e\u003cp\u003eThe best part about becoming a landlord is that it is a learned set of skills that is within reach of anyone. Along with determination and the help of knowledge-able advisors, you can make money and avoid the hassles. is authoritative guide includes a wealth of sample documents, forms and checklists. It will help you manage everything from assessing real estate opportunities to draing rental applications and agreements. Among the highlights are: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe legal rights and obligations of being a landlord\u003c\/li\u003e \u003cli\u003eRegulatory and taxation issues that can either cost you money or make you money\u003c\/li\u003e \u003cli\u003eHow to select and manage the right tenants for your property\u003c\/li\u003e \u003cli\u003eHow to manage your rental properties and the time you spend on them\u003c\/li\u003e \u003cli\u003eTips and strategies to improve your bottom line\u003c\/li\u003e \u003cli\u003eAnd much, much more practical and street-smart advice and guidance!\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhether you've got an extensive real estate port-folio and need to know how to manage your time commitment and want to learn additional creative and protable strategies, or you have a basement apartment you want to rent for the very rst time, here is the one resource no Canadian landlord should be without.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990180446437,"sku":"NP9780470155271","price":39.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470155271.jpg?v=1761786811","url":"https:\/\/k12savings.com\/es\/products\/the-canadian-landlords-guide-isbn-9780470155271","provider":"K12savings","version":"1.0","type":"link"}