How do I start being a landlord? Whether you have a small apartment in your basement or own a large high-rise, as a landlord you are subject to rules and regulations that define your responsibilities and what you can and cannot do.
Since each province and territory has its own landlord and tenant legislation, make sure you know the rules and regulations that apply to your province (there are some surprising differences). The collection of Provincial and Territorial Fact Sheets is great reference material to get you started. You can also look for books, booklets, and guides published for new landlords (since legislation can change, make sure that the publication is up to date).
When it comes to buying real estate in Victoria BC we can help you with just about all the information you need. Having said this, it is advisable to get some expert legal advice. This is a specialized area of law, so make sure you consult a specialist. Further you should also talk to your accountant to see how it effects your unique financial situation.
