David K Wong

🏡Property Manager, Business Analyst & Entrepreneur 🇨🇦
🌁Conversations about Rental Properties. Educating Owners/Investors
🏁Educate
♻️Collaborate
📈Action

[David K Wong @PMDavidK]

We're seeing more about inquiries from people who are going through a breakup and looking for an alternative place to live. Landlords what are you seeing?

Breakups: Finances, cost of rent make it hard to leave https://t.co/zRafUmUs3q

[David K Wong @PMDavidK]

The arbitrator's decision is also applicable for residential rental properties.

https://t.co/yY1OvvqWwI

[David K Wong @PMDavidK]

Does anyone understand how an arbitrator ranks a landlord's motive to justify a rehearing.

Landlord’s ‘ulterior motive’ not properly considered: B.C. court https://t.co/Epv0dFHl7d

[David K Wong @PMDavidK]

Even with the pullback in housing starts and economic uncertainty, it will take at least 24 months for the new supply to be absorbed before prices and rents stabilize and adjust upward. Am I missing something?

https://t.co/EXbfvhM1Cq

[David K Wong @PMDavidK]

This issue is not about rent collection, it's disturbing the neighbours, peace and quiet enjoyment. I'm surprised the landlord wasn't mentioned in the article. Landlords what would you do?

Residents shaken by screaming, damage on quiet Port Coquitlam street | Vancouver Sun https://t.co/K8XJmJFFTS

[David K Wong @PMDavidK]

The first thing that popped into my mind was "wow", what extremes this landlord went to avoid paying. Not fit to be a landlord. A black eye to the 95% good and responsible landlords.

B.C. landlord fined over attempt to defraud former tenant https://t.co/S5AoaH1lY9

[David K Wong @PMDavidK]

What insights do you get after reading this article? Opportunity or Doom & Gloom?

https://t.co/SUztJOs2Na

[David K Wong @PMDavidK]

The banks will become the new institutional landlords, If a significant part of the $7.2 billion impaired mortgages go into foreclosure.

https://t.co/nwraxfG2sT

[David K Wong @PMDavidK]

What a change narrative over the past 24 months from rising rents and short supply to dropping rents and increasing supply. I continue to believe we have another two years before rents bottom ... 2027. What are your thoughts?

https://t.co/dOBGSN4FMh

[David K Wong @PMDavidK]

It's going to be while before the 3 million new people arrive to drive demand for more housing. What are landlords doing to fill vacancies?

https://t.co/7EY20D4OAH

[David K Wong @PMDavidK]

If there's 4.4 million Gen Zers in the US, Canada should have about 440,000. What are landlords doing to attract them?

https://t.co/AAnyjB0mat

[David K Wong @PMDavidK]

If our population has peaked and starting to decline, how will it impact demand for rental properties?

https://t.co/F65wvnBAjY

[David K Wong @PMDavidK]

Landords, which tenant profile is your ideal tenant? Baby Boomer, GenX, Millenials?

https://t.co/qk0J6mA09j

[David K Wong @PMDavidK]

Will inflation and oil prices force overshadow the increase in unemployment to justify an interest rate hike? What do you predict the BOC will do this year?

https://t.co/j0L2F9bb1F

[David K Wong @PMDavidK]

The concerning stat is this decline comes from full time work from the private sector. Small businesses have been signaling this warning message for a while, and this lagging employment data just confirms what happened. Landlords have you been getting more rent reduction requests?

Canada's economy lost 84,000 jobs in February, unemployment rate ticked up to 6.7% | CBC News https://t.co/UD55sZzJ96

[David K Wong @PMDavidK]

Very concerning stat as there is no indication these delinquencies are from subprime mortgages. Does anyone know what percentage of these mortgages are investor vs. homeowner?

https://t.co/10XpNjbQxN

[David K Wong @PMDavidK]

Fingers crossed the new Start Up Visa program, will redirect entrepreneurs into Canada and not take 10 years to get in.

Canada's Entrepreneur Opportunity - https://t.co/BDxPkEnGNQ https://t.co/vCBjZWVLNF

[David K Wong @PMDavidK]

I had to read this decision a couple times to get it.

B.C. strata on the hook for $19K in short-term rental bylaw dispute | Urbanized https://t.co/R50MklMEKX