In this episode, Brent and James discuss the rental market and insights on how to be a good landlord with Keaton Bessey, managing broker of Greater Vancouver Tenant and Property Management Ltd.   _________________________________   Over 1.5 million people live in strata housing in the Province of British Columbia. Let's face it, you'd rather watch reruns of the nightly news than read the Strata Property Act (And we can't blame you) Still, most people are at a loss when it comes to understanding such an important framework for how many of us live our lives in proximity with one another. Stratagize with Brent Anderson & James Milne features conversations with industry leaders and experts who share their knowledge to demystify an industry that impacts the lives of more than 1 out of 3 British Columbians. Whether you are a council member, owner, investor, or renter, if you're looking for content that will bring value to your strata and help you get to the next level… THIS is it! Listen to our latest episode, subscribe and rate us on iTunes.  _________________________________ STRATA TIP: The council president is no different from any other council member except an additional vote in the event of a tie. They do not control council’s decision. Each member must have an opportunity to speak and to vote. _________________________________   MAIN TAKEAWAYS: The biggest mistake landlords make – Don't have a process nailed down for tenant screening, and not enough experience & metrics   Landlords & tenants don’t have to be stuck with the 2% rent cap. They can negotiate mutually agreeable terms   A good affordability metric is that takehome pay is 3x the monthly rent. If the math is not good, the risk of tenancy issues is much higher. QUOTES “Tenant screening is like a water filter, they pass through multiple stages” “Bad tenants come from bad landlords”    MYTH VS FACT  The relationship between tenants and landlords is negative.   (Myth)   Landlords and tenants are not two classes of people. Its not even mutually exclusive as tenants can be landlords. The media and polarization makes people choose sides.   _________________________________ Connect with Stratagize Website Linkedin Email Connect with Brent Anderson Linkedin Connect with James Milne Linkedin Connect with Keaton Bessey Linkedin _________________________________ RESOURCES 8 steps to going out to bid Decision making tool